# Virginia Commonwealth University Foundation

Virginia Commonwealth University Foundation is a Foundation based in Richmond, United States.

## Overview

- **Organization type:** Foundation
- **Headquarters:** Richmond, United States
- **Region:** North America
- **Address:** Richmond, Virginia, United States
- **Founded:** 1917
- **Assets under management:** 110 (Altss estimate)
- **Website:** vcufoundations.org
- **LinkedIn:** https://www.linkedin.com/company/vcu-foundation

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- PropTech
- Data Analytics
- Digital Health
- Healthcare Services
- EdTech

## People

- 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

## 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.

## Related profiles

- [Utah Valley University](https://altss.com/profile/utah-valley-university-uvu)
- [Western Washington University Endowment](https://altss.com/profile/western-washington-university-endowment)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/virginia-commonwealth-university-foundation

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