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Virginia Commonwealth University Foundation
The Virginia Commonwealth University Foundation was established to assist and sustain Virginia Commonwealth University through gift management and...
Virginia Commonwealth University Foundation
The Virginia Commonwealth University Foundation was established to assist and sustain Virginia Commonwealth University through gift management and distribution. Michael Rao serves as president of the university and maintains a direct relationship with the foundation board. The foundation holds real estate assets including 912 Grace Street, The Square at 406 Shafer Street, and properties at 701 W. Broad St and 14 N. Laurel St in Richmond. It also maintains a position in Doha residential leases and a hedge fund portfolio. Investment activity spans real estate and startups with exposure to AI/ML and biotech. Geographic focus remains concentrated in Virginia and extends to Qatar. The foundation participates in NACUBO endowment studies. It maintains affiliations with the Medical College of Virginia Foundation, VCU School of Business Foundation, and VCU Real Estate Foundation. Karen Clarke serves on the investment committee alongside her role at Apple Hospitality REIT.
General information
Firm type
Foundation
Year founded
1917
Location
Region
North America
Country
United States
City
Richmond
Corporate office
Richmond, Virginia, United States
Principals
Anthony Bedell
Chair of the VCU Foundation Board of Trustees
Michael Rao
President of Virginia Commonwealth University and Chair of VCU Health System Authority
Karen Clarke
Trustee of the VCU Foundation and member of the Investment Committee
Sector focus
Frequently asked questions
Who chairs the board of the Virginia Commonwealth University Foundation?
Anthony Bedell serves as chair of the VCU Foundation Board of Trustees and holds a seat on the VCU Board of Visitors.
What asset classes does the foundation deploy into?
The foundation holds real estate properties in Richmond and maintains a hedge fund portfolio alongside startup investments.
Does the foundation maintain affiliations with other university entities?
It maintains relationships with the Medical College of Virginia Foundation, VCU School of Business Foundation, and VCU Real Estate Foundation.
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