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VMI Foundation

Public charity
Other · LEXINGTON, VA · EIN 54-0505966

About

For the advancement, promotion, encouragement, welfare and progress of virginia military institute (VMI), a state-supported college, and advancement, welfare and progress of the VMI alumni association, who also supports VMI in conjunction with alumni relations to further support.

Donations are tax-deductible
Category
Other
Employees
34
Volunteers
0

Financial Snapshot

FY ending 2023-06-30
Revenue
$37.0M
Expenses
$27.1M
Assets
$584.2M
Liabilities
$20.7M

Financial history

$46.4M$23.2M$0
17181920212223
RevenueExpenses
Latest FY2023: $37.0M · Peak FY2017: $46.4M · Avg: $31.5M

Foreign activity (Schedule F)

Total spent abroad$17.0M
Foreign employees0
Foreign offices0
Foreign partnership interestYes
Foreign trust interestNo
RegionActivitySpent
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,——

Political & Grant Activity

Campaign Spending
—
Lobbying
—
Grants Given
$20.0M
VMI FOUNDATION
Your actions

Address

304 Letcher AVE
Lexington, VA, 24450-211

Governance

Voting board members27
Independent members27
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardNo

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Permanent endowment %100.0%
Endowment held by related orgYes
Public records
ProPublica Nonprofit Explorer ↗
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search ↗
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.