Frequently Asked Questions

The University of Virginia Foundation

  • Is the Foundation a state agency?
    No, the Foundation is a 501(c)(3) organization. This private entity was set up to serve the University of Virginia, which is a state agency.

  • Does the Foundation pay real estate taxes?
    Yes, the Foundation pays applicable real estate taxes on property it owns. The County of Albemarle and the City of Charlottesville are in agreement with the Foundation that space used for the academic, charitable, educational, and/or scientific purpose of the University of Virginia is exempt from real estate taxes.

  • What is the Foundation's relationship to the University of Virginia?
    The Foundation provides administrative services to University of Virginia entities, University-related foundations, or other entities involved in activities in supporting the University. For more information, see Our Mission.

  • When was the University of Virginia Foundation created?
    Initially constituted as the University of Virginia Real Estate Foundation in 1986, the successor, the University of Virginia Foundation was founded in 1993.

  • Does the Foundation focus on anything other than real estate?
    The Foundation provides administrative services to the University of Virginia and its affiliated Foundations. These services frequently are focused on financial management and support of the University's fundraising activities.

  • Who decides what properties the Foundation purchases?
    In concert with the leadership of the University of Virginia, the Foundation pursues the acquisition of properties that help further the mission of the University of Virginia. These properties might be infill acquisitions that protect the borders of the University of Virginia or properties purchased for specific programmatic use.

  • How do I make real estate gifts to the University of Virginia?
    Gifts of real estate are initially handled through the University of Virginia Development Office. For more information, please contact the Director of Gift Planning, .(JavaScript must be enabled to view this email address),
    (434) 924-1016.

  • Does the the Foundation manage the University of Virginia endowment?
    No, the University of Virginia endowment is managed by the University of Virginia Investment Management Company.

  • Does the the Foundation manage buildings for the University of Virginia?
    No, University of Virginia Facilities Management manages buildings owned by the University of Virginia.

  • Are the Foundation's properties State owned / public properties?

    Foundation properties are privately owned.

  • Does the Foundation sell real estate?
    The Foundation sells real estate gifts to further the donor’s intentions and periodically sells other properties, although that is rare.

  • Does the Foundation invest in real estate?
    The Foundation invests in real estate to further the programmatic goals of the University of Virginia.