Medical College of Virginia Foundation

Medical College of Virginia Foundation

The Medical College of Virginia Foundation was formed in 1949. Its sole purpose is to receive and manage philanthropic support for Virginia Commonwealth University health sciences programs and the affiliated medical center. The foundation allocates 26 percent of assets to private equity. Confirmed holdings include Stonelake Opportunity Partners III LP. It also maintains direct real estate exposure through MCVF Holdings LLC and Property Holdings III, V, VI LLC entities. Geographic reach centers on the United States with additional global exposure via the Elliott vehicle. The endowment pool further incorporates global equities, fixed income, and absolute return strategies. The foundation employs 42 professionals at its Richmond headquarters. It participates in the Association of Governing Boards of Universities and Colleges and the National Association of College and University Business Officers. January 2024: Steve Gaidos spoke at the AGB Foundation Leadership Forum on board culture and impact. Service providers include BDO USA as auditor, U.S. Bank as custodian, and Atlantic Union Bank as investment advisor. The foundation operates as the primary philanthropic vehicle tied directly to VCU Health System Authority. Governance rests with a board that rotates chairs on an annual basis, creating a succession structure distinct from perpetual single-family offices.