The University of Virginia enters the 21st century as one of the most distinguished public universities in the nation. Holding fast to educational principles described by Thomas Jefferson almost 200 years ago, the University of Virginia Foundation supports the University's efforts to maintain this distinction by providing innovative, yet prudent management of some of the University's real estate holdings and by supplying professional real estate services to the University's Office of Development.

  Additionally, the Foundation provides administrative and investment services to other University-related foundations. It is also the parent corporation to the University of Virginia Real Estate Foundation, the Historic Renovation Corporation, the University of Virginia Host Properties (Boar's Head Inn and Birdwood Golf Course), and the Meadow Creek Corporation (Cavalier Inn).

  The composition of the Foundation's board ensures that it will always act to further the aims of the University. Chaired by the Rector of the Board of Visitors, the Foundation board includes selected members of the University's Board of Visitors, the president and several senior members of the University administration, as well as distinguished members of the public.

  The Foundation's mission is:

	To provide administrative services to University entities, University-related foundations, or other entities involved in activities in support of the University.
	To engage in matters pertaining to real property for the benefit of the University. To that end, the Foundation shall engage in real estate activities for one or more of the following reasons: to support the University's primary programs; to provide an investment return; to provide for the real estate needs of the University for the next 100 years; and to improve the University's boundaries and entrances.
	To use and administer gifts, grants, bequests, and devices for the benefit of the University.