WEST VIRGINIA UNIVERSITY FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

WEST VIRGINIA UNIVERSITY FOUNDATION INC

EIN 55-6017181 · Education (B110)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $83.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders42 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

79.02%of revenue went to mission work83.1% of expenses · Program services

11.03%of revenue went to fundraising11.6% of expenses

$95.07spent for every $100 of revenueRevenue covered expenses this year.

5.02%of revenue went to management and office costs5.3% of expenses

$22.79in assets for every $1 spent this yearSome assets cannot be spent right away.

58.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $1,057,409 for RICHARD KRAICH RET JULY 2025 (VP INVESTMENTS, CIO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$152,277,981

Mission workProgram services$120,328,28279.02% of revenue83.1% of expenses

ManagementOffice and general costs$7,638,9245.02% of revenue5.3% of expenses

FundraisingAsking for donations$16,800,01911.03% of revenue11.6% of expenses

Revenue left after expensesReported annual surplus$7,510,7564.93% of revenueShown in gray on the chart

Total expenses$144,767,22595.07% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 83.1% mission · 5.3% management · 11.6% fundraisingTotal expenses: 95.07% of revenue

2023Expense mix: 84.1% mission · 5.8% management · 10.1% fundraisingTotal expenses: 63.48% of revenue

2022Expense mix: 84.0% mission · 6.3% management · 9.8% fundraisingTotal expenses: 111.82% of revenue

2021Expense mix: 80.9% mission · 6.0% management · 13.1% fundraisingTotal expenses: 47.26% of revenue

2020Expense mix: 80.7% mission · 5.9% management · 13.4% fundraisingTotal expenses: 53.45% of revenue

2019Expense mix: 83.3% mission · 5.1% management · 11.6% fundraisingTotal expenses: 68.41% of revenue

2018Expense mix: 84.2% mission · 5.3% management · 10.5% fundraisingTotal expenses: 75.29% of revenue

2017Expense mix: 87.1% mission · 5.7% management · 7.2% fundraisingTotal expenses: 94.61% of revenue

Money in and money out

Revenue$152,277,981

Expenses$144,767,225

Annual surplus $7,510,756 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$120,328,282 · 83.1% of expenses

Management and office costs$7,638,924 · 5.3% of expenses

Fundraising$16,800,019 · 11.6% of expenses

See all reported dollar amounts

Revenue$152,277,981

Expenses$144,767,225

Assets$3,299,917,464

Income$472,608,677

Contributions$88,880,676

Mission work (program services)$120,328,282

Fundraising$16,800,019

Grants given$142,851,554

Average grant$17,856,444

Management and general$7,638,924

Stocks and bonds$1,257,365,875

Accounting fees$182,191

Investing fees$9,034,314

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

RICHARD KRAICH RET JULY 2025VP INVESTMENTS, CIO · 45 hrs/week $1,057,409Base $996,659 · Other $60,750

CYNTHIA L ROTHPRESIDENT & CEO · 45 hrs/week $960,453Base $815,430 · Other $145,023

BERNARD J DAVISSON II RET DEC 2024SR. VP DEVELOPMENT, CDO · 45 hrs/week $583,275Base $523,025 · Other $60,250

MICHAEL E AUGUSTINECOO/CFO, TREASURER · 45 hrs/week $525,810Base $465,060 · Other $60,750

JENNIFER CUNANANASSOC VP, INVESTMENTS · 45 hrs/week $519,058Base $447,757 · Other $71,301

KAYLON MCINELLYASSOC VP, INVESTMENTS · 45 hrs/week $400,984Base $345,917 · Other $55,067

BEN MURRAYDEPUTY ATHLETIC DIRECTOR AND CHIEF DEVELOPMENT OFF · 45 hrs/week $361,711Base $301,792 · Other $59,919

CHARLES KERZAKSRASSOCVP, UNIVERSITYDEVEL/ CAMPAIGNMGMT · 45 hrs/week $323,839Base $261,028 · Other $62,811

TIMOTHY BOLLINGSR. ASSOC VP, LEADERSHIP PHILANTHROPY · 45 hrs/week $322,592Base $264,870 · Other $57,722

MELISSA L SIMPSONSR, AVP FINANCE/ ASST. TREASURER · 45 hrs/week $221,053Base $195,576 · Other $25,477

JESSICA M BURNSDR. OF BOARD RELATIONS/ASST. BOARD SEC · 45 hrs/week $137,392Base $103,548 · Other $33,844

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (42)

RICHARD KRAICH RET JULY 2025VP INVESTMENTS, CIO

CYNTHIA L ROTHPRESIDENT & CEO

BERNARD J DAVISSON II RET DEC 2024SR. VP DEVELOPMENT, CDO

MICHAEL E AUGUSTINECOO/CFO, TREASURER

JENNIFER CUNANANASSOC VP, INVESTMENTS

KAYLON MCINELLYASSOC VP, INVESTMENTS

BEN MURRAYDEPUTY ATHLETIC DIRECTOR AND CHIEF DEVELOPMENT OFF

CHARLES KERZAKSRASSOCVP, UNIVERSITYDEVEL/ CAMPAIGNMGMT

TIMOTHY BOLLINGSR. ASSOC VP, LEADERSHIP PHILANTHROPY

MELISSA L SIMPSONSR, AVP FINANCE/ ASST. TREASURER

JESSICA M BURNSDR. OF BOARD RELATIONS/ASST. BOARD SEC

ROBERT JOHNSONDIRECTOR

RODERICK YOUNGDIRECTOR

PENELOPE F ROLLDIRECTOR

OLA ADEKUNLEDIRECTOR

NATALIE BUSHDIRECTOR

MICHAEL T ESCUEDIRECTOR

ROBERT O ORDERS JRDIRECTOR

KEVIN K SIDOWDIRECTOR

SPENCER CAVALIERDIRECTOR

SUSAN BREWERSECRETARY

TERRI HORNSBYDIRECTOR

TRAVIS ROSIEKDIRECTOR

VALENTINA BIGALKEDIRECTOR

WILLIAM GREENSR. VP DEVELOPMENT, CDO

WILLIAM SHEEDYCHAIR

MICHAEL JOHNDIRECTOR

KIM CRAIGDIRECTOR

ALAN J ZUCCARIDIRECTOR

KEVIN GIVENDIRECTOR

KERRI KNOTTSDIRECTOR

JO ANN SHAWDIRECTOR

JIM BETHEAVP INVESTMENTS, CIO

JANE MCNEERDIRECTOR

J WAYNE RICHARDSVICE CHAIR

GEORGE S WEAVER IIIDIRECTOR

GEORGE BICHERDIRECTOR

ERIKA CRAMERDIRECTOR

DAVE GRUVERDIRECTOR

CHRISTINE DAVISDIRECTOR

BRADFORD RITCHIEDIRECTOR

ALEXIS PUGHDIRECTOR

About this charity

Recognized since: January 1960
Location: PO BOX 1650, MORGANTOWN, WV 26507-1650
County: Monongalia
In care of: Michael E Augustine
Primary officer: Michael E Augustine, COO/CFO/Treasurer

How to reach them

WebsiteVisit the charity’s website Emailinfo@wvuf.org Phone(304) 284-4000

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: FORVIS MAZARS LLP
NTEE classification: Education (B110)
Grant-giving organization: Yes