Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 47-4815851

VCU INVESTMENT MANAGEMENT COMPANY

Tax-exempt · RICHMOND, VA 23220

Financials

$3.7M$3.6M2023$4.1M$3.9M2024
Revenue Expenses · by fiscal year end
Financials of VCU INVESTMENT MANAGEMENT COMPANY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$4,086,556$3,883,641$202,915$4,132,496$2,076,165$2,056,331
June 30, 2024990$3,749,291$3,570,257$179,034$3,515,444$1,662,028$1,853,416
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$4,046,062
Investment income
$40,475
Other revenue
$19

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$2,632,181
Salaries, compensation and benefits (total)
$3,123,670
Professional fundraising fees
$0
Legal fees
$30,902
Accounting fees
$27,615
Occupancy
$86,085
Travel
$188,461
Depreciation
$15,608
Program services (functional)
$3,567,795
Management and general (functional)
$315,846

Balance sheet and other

Total assets, start of year
$3,515,444
Total assets, end of year
$4,132,496
Total liabilities, end of year
$2,076,165
Net assets, end of year
$2,056,331
Land, buildings and equipment
$66,924
Net assets without donor restrictions
$2,056,331
Gross receipts
$4,086,556
Employees
15
Volunteers
13
Year formed
2015
State of legal domicile
VA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
BRUCE MACDONALDCEO AND CIO
Officer
40$926,163$35,369
PHILIP KEEFEMANAGING DIRECTOR
Highest-paid employee
40$524,150$0
MICHAEL PELTIERCOO & SECRETARY
Officer
40$400,625$35,369
SARAH KHOURIVICE PRESIDENT
Highest-paid employee
40$176,981$11,990
LUCAS HALLVICE PRESIDENT
Highest-paid employee
40$101,461$35,369
JOHN LUKE JRCHAIRMAN
Trustee or director
1$0$0
CHARLES JOHNSONBOARD VICE CHAIR
Trustee or director
1$0$0
LEE KRUMBEINTRUSTEE/DIRECTOR
Trustee or director
1$0$0
JONATHAN C ROBERTSTRUSTEE/DIRECTOR
Trustee or director
1$0$0
STEVEN HENDERSONTRUSTEE/DIRECTOR
Trustee or director
1$0$0
LARRY KOCHARDTRUSTEE/DIRECTOR
Trustee or director
1$0$0
PALMER GARSONTRUSTEE/DIRECTOR
Trustee or director
1$0$0
BRIAN HIESTANDTRUSTEE/DIRECTOR
Trustee or director
1$0$0
JEFF M LACKERTRUSTEE/DIRECTOR
Trustee or director
1$0$0
NAN LEAKETRUSTEE/DIRECTOR
Trustee or director
1$0$0
3 more people on this return
NameTitleHours / weekCompensation
JANE WATKINSTRUSTEE/DIRECTOR
Trustee or director
1$0
GARY ZHUTRUSTEE/DIRECTOR
Trustee or director
1$0
JEAN MCGOWANTRUSTEE/DIRECTOR
Trustee or director
1$0
990 for the year ended June 30, 2024: 18 people
NameTitleHours / weekCompensationOther / benefits
BRUCE MACDONALDCIO
Officer
40$917,100$41,321
MICHAEL PELTIERCOO & SECRETARY
Officer
40$365,050$41,321
MARGARET MILLHISERDIRECTOR
Highest-paid employee
40$349,000$41,321
PHIL KEEFEMANAGING DIRECTOR
Highest-paid employee
40$353,671$0
NANCY C EVERETTCEO
Officer
40$112,112$25,541
SARAH KHOURIVICE PRESIDENT
Highest-paid employee
40$123,969$13,472
PETER FARRELLTRUSTEE/DIRECTOR
Trustee or director
1$0$0
JONATHAN C ROBERTSTRUSTEE/DIRECTOR
Trustee or director
1$0$0
STEVEN HENDERSONTRUSTEE/DIRECTOR
Trustee or director
1$0$0
JEAN MCGOWANTRUSTEE/DIRECTOR
Trustee or director
1$0$0
PALMER GARSONTRUSTEE/DIRECTOR
Trustee or director
1$0$0
BRIAN HIESTANDTRUSTEE/DIRECTOR
Trustee or director
1$0$0
JEFF M LACKERTRUSTEE/DIRECTOR
Trustee or director
1$0$0
NAN LEAKETRUSTEE/DIRECTOR
Trustee or director
1$0$0
FRED TATTERSALLTRUSTEE/DIRECTOR
Trustee or director
1$0$0
JANE WATKINSTRUSTEE/DIRECTOR
Trustee or director
1$0$0
JOHN LUKE JRCHAIRMAN
Trustee or director
1$0$0
CHARLES JOHNSONBOARD VICE CHAIR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
413 STUART CIR UNIT 210, RICHMOND, VA 23220-3754
In care of
% JIM SEEVERS JR HUNTON & WILLIAMS
Principal officer (990 for 2024)
BRUCE MACDONALD, 413 STUART CIRCLE 210, RICHMOND, VA 23220
Signed the 990
MICHAEL PELTIER, SECRETARY
Phone
(804) 729-3560
Return prepared by
KEITER STEPHENS HURST GARY & SHREAVES

Mission

TO PROVIDE INVESTMENT AND INVESTMENT MANAGEMENT AND RELATED SERVICES TO THE RECTOR AND THE BOARD OF VISITORS OF VIRGINIA COMMONWEALTH UNIVERSITY (VCU), AND/OR TO THE PRIVATE AND INDEPENDENT FOUNDATIONS AND OTHER ENTITIES AFFILIATED WITH VCU OPERATING IN SUPPORT OF ITS MISSION.

990 for the year ended June 30, 2025

Program accomplishments

  • INVESTMENT MANAGEMENT SERVICES
    Expenses $3,567,795 · revenue $4,086,556

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
47-4815851
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type I
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2016
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B99)
Assets (IRS master file)
$4,132,496
Income (IRS master file)
$4,086,556

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$4,086,556$3,883,641$4,132,496XML
990June 2024$3,749,291$3,570,257$3,515,444XML
990June 2023$3,536,791$3,525,604$3,192,952IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-4815851).

Questions about VCU INVESTMENT MANAGEMENT COMPANY

What is the EIN of VCU INVESTMENT MANAGEMENT COMPANY?
The employer identification number (EIN) of VCU INVESTMENT MANAGEMENT COMPANY is 47-4815851.
Is VCU INVESTMENT MANAGEMENT COMPANY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
Are donations to VCU INVESTMENT MANAGEMENT COMPANY tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does VCU INVESTMENT MANAGEMENT COMPANY file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of VCU INVESTMENT MANAGEMENT COMPANY due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did VCU INVESTMENT MANAGEMENT COMPANY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of VCU INVESTMENT MANAGEMENT COMPANY?
The 990 for the year ended June 30, 2025 names BRUCE MACDONALD.
Who are the officers and directors of VCU INVESTMENT MANAGEMENT COMPANY?
The 990 for the year ended June 30, 2025 lists 18 people; 5 received compensation from the organization, the highest $926,163 (BRUCE MACDONALD, CEO AND CIO).
How much revenue does VCU INVESTMENT MANAGEMENT COMPANY have?
On its 990 for the year ended June 30, 2025 it reported revenue of $4,086,556, expenses of $3,883,641 and total assets of $4,132,496 at year end.

Other nonprofits in RICHMOND

All nonprofits in RICHMOND · Virginia · Education