Nonprofit · EIN 55-6017181
WEST VIRGINIA UNIV FOUNDATION INC
Tax-exempt · MORGANTOWN, WV 26507
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $152,277,981 | $144,767,225 | $7,510,756 | $3,299,917,464 | $1,938,339,401 | $1,361,578,063 |
| June 30, 2024 | 990 | $242,493,810 | $153,932,427 | $88,561,383 | $3,043,490,864 | $1,733,219,524 | $1,310,271,340 |
| June 30, 2023 | 990 | $137,168,472 | $153,381,241 | -$16,212,769 | $2,826,400,531 | $1,602,682,433 | $1,223,718,098 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $88,880,676
- Program service revenue
- $24,131,606
- Investment income
- $39,253,303
- Royalties
- $44,395
- Net rental income
- $759,496
- Net gain from sales of assets
- $14,804,415
- Net income from fundraising events
- -$791,495
- Other revenue
- $12,396
Expenses
- Grants and similar amounts paid
- $18,546,927
- Compensation of officers, directors and key employees
- $3,564,737
- Other salaries and wages
- $32,881,621
- Salaries, compensation and benefits (total)
- $47,157,546
- Professional fundraising fees
- $537,160
- Legal fees
- $301,700
- Accounting fees
- $182,191
- Occupancy
- $1,458,617
- Travel
- $4,149,326
- Depreciation
- $458,383
- Program services (functional)
- $120,328,282
- Management and general (functional)
- $7,638,924
- Fundraising (functional)
- $16,800,019
Balance sheet and other
- Total assets, start of year
- $3,043,490,864
- Total assets, end of year
- $3,299,917,464
- Total liabilities, end of year
- $1,938,339,401
- Net assets, end of year
- $1,361,578,063
- Land, buildings and equipment
- $14,214,026
- Publicly traded securities
- $1,257,365,875
- Net assets without donor restrictions
- $89,850,710
- Net assets with donor restrictions
- $1,271,727,353
- Gross unrelated business income
- $1,954,523
- Gross receipts
- $472,608,677
- Employees
- 177
- Volunteers
- 29
- Year formed
- 1954
- State of legal domicile
- WV
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Richard Kraich ret July 2025 | VP Investments, CIO Officer | 45 | $996,659 | $60,750 |
| Cynthia L Roth | President & CEO Trustee or director, Officer | 45 | $815,430 | $145,023 |
| Bernard J Davisson II ret Dec 2024 | Sr. VP Development, CDO Officer | 45 | $523,025 | $60,250 |
| Michael E Augustine | COO/CFO, Treasurer Officer | 45 | $465,060 | $60,750 |
| Jennifer Cunanan | Assoc VP, Investments Highest-paid employee | 45 | $447,757 | $71,301 |
| Kaylon McInelly | Assoc VP, Investments Highest-paid employee | 45 | $345,917 | $55,067 |
| Ben Murray | Deputy Athletic Director and Chief Development Officer for Athletics Highest-paid employee | 45 | $301,792 | $59,919 |
| Charles Kerzak | SrAssocVP, UniversityDevel/ CampaignMgmt Highest-paid employee | 45 | $261,028 | $62,811 |
| Timothy Bolling | Sr. Assoc VP, Leadership Philanthropy Highest-paid employee | 45 | $264,870 | $57,722 |
| Melissa L Simpson | Sr, AVP Finance/ Asst. Treasurer Officer | 45 | $195,576 | $25,477 |
| Jessica M Burns | Dr. of Board Relations/Asst. Board Sec Officer | 45 | $103,548 | $33,844 |
| J Wayne Richards | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Susan Brewer | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| William Sheedy | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Alan J Zuccari | Director Trustee or director | 2 | $0 | $0 |
27 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Alexis Pugh | Director Trustee or director | 2 | $0 |
| Bradford Ritchie | Director Trustee or director | 2 | $0 |
| Christine Davis | Director Trustee or director | 2 | $0 |
| Dave Gruver | Director Trustee or director | 2 | $0 |
| Erika Cramer | Director Trustee or director | 2 | $0 |
| George Bicher | Director Trustee or director | 2 | $0 |
| George S Weaver III | Director Trustee or director | 2 | $0 |
| Jane McNeer | Director Trustee or director | 2 | $0 |
| Jo Ann Shaw | Director Trustee or director | 2 | $0 |
| Kerri Knotts | Director Trustee or director | 2 | $0 |
| Kevin Given | Director Trustee or director | 2 | $0 |
| Kevin K Sidow | Director Trustee or director | 2 | $0 |
| Kim Craig | Director Trustee or director | 2 | $0 |
| Michael John | Director Trustee or director | 2 | $0 |
| Michael T Escue | Director Trustee or director | 2 | $0 |
| Natalie Bush | Director Trustee or director | 2 | $0 |
| Ola Adekunle | Director Trustee or director | 2 | $0 |
| Penelope F Roll | Director Trustee or director | 2 | $0 |
| Robert Johnson | Director Trustee or director | 2 | $0 |
| Robert O Orders Jr | Director Trustee or director | 2 | $0 |
| Roderick Young | Director Trustee or director | 2 | $0 |
| Spencer Cavalier | Director Trustee or director | 2 | $0 |
| Terri Hornsby | Director Trustee or director | 2 | $0 |
| Travis Rosiek | Director Trustee or director | 2 | $0 |
| Valentina Bigalke | Director Trustee or director | 2 | $0 |
| Jim Bethea | VP Investments, CIO Officer | 45 | $0 |
| William Green | Sr. VP Development, CDO Officer | 45 | $0 |
990 for the year ended June 30, 2024: 38 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Richard Kraich | VP Investments, CIO Officer | 45 | $993,088 | $56,598 |
| Cynthia L Roth | President & CEO Trustee or director, Officer | 45 | $750,740 | $134,883 |
| Bernard J Davisson II | Sr. VP Development, CDO Officer | 45 | $476,193 | $56,598 |
| Jennifer Cunanan | Assoc VP, Investments Highest-paid employee | 45 | $440,801 | $67,131 |
| Michael E Augustine | COO/CFO, Treasurer Officer | 45 | $425,456 | $56,598 |
| Kaylon McInelly | Assoc VP, Investments Highest-paid employee | 45 | $342,689 | $50,631 |
| Jeffrey Schoenherr | Assoc VP, Medical Development Highest-paid employee | 45 | $246,180 | $55,563 |
| Charles Kerzak | SeniorAssociateVP, UniversityDevelopment/ CampaignManagement Highest-paid employee | 45 | $240,683 | $57,915 |
| Timothy Bolling | Sr. Assoc VP, Leadership Philanthropy Highest-paid employee | 45 | $244,254 | $52,971 |
| Melissa L Simpson | Asst. Treasurer Officer | 45 | $178,924 | $23,626 |
| Jessica M Burns | Board Admin, Exec to CEO/Asst. Board Sec Officer | 45 | $94,125 | $31,103 |
| J Wayne Richards | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Marcia A Broughton | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| William Sheedy | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Alan J Zuccari | Director Trustee or director | 2 | $0 | $0 |
| Alexis Pugh | Director Trustee or director | 2 | $0 | $0 |
| Bradford Ritchie | Director Trustee or director | 2 | $0 | $0 |
| David S Santee | Director Trustee or director | 2 | $0 | $0 |
| George Bicher | Director Trustee or director | 2 | $0 | $0 |
| George S Weaver III | Director Trustee or director | 2 | $0 | $0 |
| Jane McNeer | Director Trustee or director | 2 | $0 | $0 |
| Jo Ann Shaw | Director Trustee or director | 2 | $0 | $0 |
| Kerri Knotts | Director Trustee or director | 2 | $0 | $0 |
| Kevin Given | Director Trustee or director | 2 | $0 | $0 |
| Kevin K Sidow | Director Trustee or director | 2 | $0 | $0 |
| Kim Craig | Director Trustee or director | 2 | $0 | $0 |
| Michael T Escue | Director Trustee or director | 2 | $0 | $0 |
| Natalie Bush | Director Trustee or director | 2 | $0 | $0 |
| Ola Adekunle | Director Trustee or director | 2 | $0 | $0 |
| Penelope F Roll | Director Trustee or director | 2 | $0 | $0 |
| Robert Johnson | Director Trustee or director | 2 | $0 | $0 |
| Robert O Orders Jr | Director Trustee or director | 2 | $0 | $0 |
| Roderick Young | Director Trustee or director | 2 | $0 | $0 |
| Spencer Cavalier | Director Trustee or director | 2 | $0 | $0 |
| Susan Brewer | Director Trustee or director | 2 | $0 | $0 |
| Terri Hornsby | Director Trustee or director | 2 | $0 | $0 |
| Travis Rosiek | Director Trustee or director | 2 | $0 | $0 |
| Valentina Bigalke | Director Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 37 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD KRAICH | VP INVESTMENTS, CIO Officer | 45 | $902,561 | $58,932 |
| CYNTHIA L ROTH | PRESIDENT & CEO Trustee or director, Officer | 45 | $749,486 | $125,574 |
| BERNARD J DAVISSON II | SR. VP DEVELOPMENT, CDO Officer | 45 | $486,338 | $51,562 |
| MICHAEL E AUGUSTINE | COO/CFO, TREASURER Officer | 45 | $435,601 | $52,352 |
| JENNIFER CUNANAN | ASSOC VP, INVESTMENTS Highest-paid employee | 45 | $408,584 | $61,982 |
| KAYLON MCINELLY | ASSOC VP, INVESTMENTS Highest-paid employee | 45 | $308,943 | $46,732 |
| JEFFREY SCHOENHERR | ASSOC VP, MEDICAL DEVELOPMENT Highest-paid employee | 45 | $250,952 | $53,880 |
| CHARLES KERZACK | SR. ASSOC VP, UNIVERSITY DEVELOPMENT Highest-paid employee | 45 | $232,638 | $54,717 |
| TIMOTHY BOLLING | SR. ASSOC VP, LEADERSHIP PHILANTHROPY Highest-paid employee | 45 | $235,562 | $49,831 |
| MELISSA L SIMPSON | ASST. TREASURER (3/4/2022) Officer | 45 | $166,904 | $22,307 |
| JESSICA M BURNS | BOARD ADMIN, EXEC TO CEO/ASST. BOARD SEC Officer | 45 | $87,806 | $29,016 |
| OLA ADEKUNLE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GEORGE BICHER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| VALENTINA BIGALKE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SUSAN BREWER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARCIA A BROUGHTON | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| NATALIE BUSH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SPENCER CAVALIER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KIM CRAIG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL T ESCUE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KEVIN GIVEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TERRI HORNSBY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBERT JOHNSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KERRI KNOTTS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PAMELA M LARRICK | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JANE MCNEER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBERT O ORDERS JR | DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| ALEXIS PUGH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| J WAYNE RICHARDS | DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| BRADFORD RITCHIE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PENELOPE F ROLL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID S SANTEE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WILLIAM SHEEDY | DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| KEVIN K SIDOW | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GEORGE S WEAVER III | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RODERICK YOUNG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALAN J ZUCCARI | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1650, MORGANTOWN, WV 26507-1650
- Principal officer (990 for 2024)
- Cynthia L Roth, ONE WATERFRONT PLACE 7TH FLOOR, MORGANTOWN, WV 26507
- Signed the 990
- Michael E Augustine, COO/CFO/Treasurer
- Phone
- (304) 284-4000
- Website
- WWW.WVUF.ORG
- Return prepared by
- Forvis Mazars LLP
Mission
The mission of the WVU Foundation is to enrich the lives of those touched by West Virginia University by maximizing charitable support and providing services to the University, its students and affiliated organizations.
Program accomplishments
- THE ORGANIZATION UTILIZES PRIVATE FUNDING TO SUPPORT MULTIPLE SCHOOLS, COLLEGES, AND DEPARTMENTS IMPACTING ALL LEVELS OF THE CAMPUS. AMOUNTS FUNDED IN THIS AREA ARE PRIMARILY UTILIZED TO ENHANCE SALARY LEVELS THEREBY POSITIONING WEST VIRGINIA UNIVERSITY TO BE MORE COMPETITIVE IN ATTRACTING AND RETAINING TALENTED INDIVIDUALS WITHIN THE ACADEMIC, ADMINISTRATIVE, AND RESEARCH FIELDS. THE HEALTH SCIENCES CAMPUS WAS THE PRIMARY BENEFICIARY OF FUNDED SALARIES; HOWEVER, VIRTUALLY EVERY ACADEMIC DEPARTMENT, AS WELL AS THE DEPARTMENT OF INTERCOLLEGIATE ATHLETICS, RECEIVED FUNDING FOR THIS CRITICAL FUNCTION.Expenses $29,943,437
- THE ORGANIZATION UTILIZES PRIVATE FUNDING TO SUPPORT CAPITAL PROJECT INITIATIVES ACROSS CAMPUS. FOR THE CURRENT FISCAL YEAR, WEST VIRGINIA UNIVERSITY RECEIVED FUNDING FROM THE ORGANIZATION TO SUPPORT A VARIETY OF CAPITAL INITIATIVES.Expenses $29,296,637
- THE ORGANIZATION UTILIZES PRIVATE FUNDING TO SUPPORT STUDENTS WITHIN MULTIPLE SCHOOLS, COLLEGES, AND DEPARTMENTS ACROSS CAMPUS; THE MOST SIGNIFICANT OF WHICH WERE THE DEPARTMENT OF INTERCOLLEGIATE ATHLETICS, THE EBERLY COLLEGE OF ARTS AND SCIENCES, THE COLLEGE OF AGRICULTURE, NATURAL RESOURCES AND DESIGN, AND THE STATLER COLLEGE OF ENGINEERING AND MINERAL RESOURCES. SCHOLARSHIP AMOUNTS INCLUDE TUITION, BOOKS, AND ROOM AND BOARD. SCHOLARSHIP AMOUNTS ARE UTILIZED ACROSS CAMPUS TO HELP RECRUIT NATIONALLY PROMINENT STUDENTS AS WELL AS PROVIDE FUNDING SUPPORT TO GIVE OTHER STUDENTS THE OPPORTUNITY TO PURSUE AN ACADEMIC CAREER AT THE HIGHEST LEVEL.Expenses $18,546,927 · grants $18,546,927
- THE ORGANIZATION HAS OTHER DISBURSEMENTS IN DIRECT SUPPORT OF WEST VIRGINIA UNIVERSITY, INCLUDING FACULTY AND STAFF TRAVEL FOR EDUCATIONAL PURPOSES, CLASSROOM, LABORATORY, AND OFFICE SUPPLIES, EDUCATIONAL MATERIALS, ETC.Expenses $42,541,281
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 55-6017181
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1960
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $3,299,917,464
- Income (IRS master file)
- $472,608,677
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $152,277,981 | $144,767,225 | $3,299,917,464 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $242,493,810 | $153,932,427 | $3,043,490,864 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $137,168,472 | $153,381,241 | $2,826,400,531 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $221,489,920 | $104,681,014 | $2,666,942,947 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 55-6017181).
Questions about WEST VIRGINIA UNIV FOUNDATION INC
- What is the EIN of WEST VIRGINIA UNIV FOUNDATION INC?
- The employer identification number (EIN) of WEST VIRGINIA UNIV FOUNDATION INC is 55-6017181.
- Is WEST VIRGINIA UNIV FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1960.
- Are donations to WEST VIRGINIA UNIV FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WEST VIRGINIA UNIV FOUNDATION INC 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 WEST VIRGINIA UNIV FOUNDATION INC 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 WEST VIRGINIA UNIV FOUNDATION INC 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 WEST VIRGINIA UNIV FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names Cynthia L Roth.
- Who are the officers and directors of WEST VIRGINIA UNIV FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 42 people; 11 received compensation from the organization, the highest $996,659 (Richard Kraich ret July 2025, VP Investments, CIO).
- How much revenue does WEST VIRGINIA UNIV FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $152,277,981, expenses of $144,767,225 and total assets of $3,299,917,464 at year end.
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- MYLAN PARK FOUNDATION INC EIN 55-0765182 · last filed 990 for 2024
- WEST VIRGINIA UNIVERSITY DENTAL CORPORATION EIN 55-0524309 · last filed 990 for 2024
- TRINITY CHRISTIAN SCHOOL NON-PROFIT CORPORATION EIN 30-0637587 · last filed 990 for 2025
- WEST VIRGINIA ACADEMY LTD EIN 84-4085145 · last filed 990 for 2025
- WEST VIRGINIA UNIVERSITY ALUMNI ASSOCIATION INC EIN 55-0372697 · last filed 990 for 2025
- WEST VIRGINIA UNIVERSITY ALUMNI ASSOCIATION LOYALTY PERMANENT ENDO EIN 55-0450592 · last filed 990 for 2025
- EDVENTURE GROUP INC EIN 16-1642857 · last filed 990 for 2024