University of Virginia Law School Foundation

What it reported doing in 2024

Expenditures made by the foundation are strategically directed to areas that support the continued growth and excellence of the university of Virginia's school of law. These expenditures include funding for professorships and faculty research, which enable the law school to attract, support, and retain world-class scholars and teachers who are essential to the school's mission and reputation. The foundation also prioritizes funding for student aid, including scholarships and loan forgiveness. This student aid funding is crucial to the uva school of law's ability to attract talented and diverse students, remove financial barriers to entering the legal profession, and support careers in public service, ensuring a top-quality education remains accessible to all. Continued on schedule o. The foundation also supports various funding for enriching academic resources, such as student-run journals, and support for various extracurricular activities that enhance leadership skills. Other essential funding includes support of the graduate program, the law library, facility enhancements, and other projects that are deemed to be in the best interest of the uva school of law and within its charter. The foundation's efforts in development and fundraising are designed to support these vital investments and ensure that donor contributions create a meaningful and lasting impact for students, faculty, and the broader university of Virginia community.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 79.3%; rating input score 79
• Fundraising efficiency: $4.87 raised per $1 spent on fundraising; rating input score 20; 20th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 21.1%; rating input score 88; 88th percentile among comparable filings
• Total-asset coverage ratio: 18.07; rating input score 96; 96th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
• Officer compensation ratio: 6.9%; rating input score 8; 8th percentile among comparable filings

Growth

• Program expense growth: 9.8% per year; rating input score 100; 74th percentile among comparable filings
• Revenue growth: 7.8% per year; rating input score 100; 66th percentile among comparable filings
• Asset growth: 6.4% per year; rating input score 100; 47th percentile among comparable filings