JEFFERSON SCHOLARS FOUNDATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

ROBBYN L CALLAHAN

Phone

4342439029

Tax Period

2024-07-01 to 2025-06-30

JEFFERSON SCHOLARS FOUNDATION, founded in 1998, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $36.6M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Net assets of $805.6M represent 264 months of operating reserves.

Mission

THE JEFFERSON SCHOLARS FOUNDATION (FOUNDATION) PROVIDES ACADEMIC MERIT-BASED SCHOLARSHIP, FELLOWSHIP AND PROFESSORSHIP SUPPORT TO STUDENTS AND FACULTY AT THE UNIVERSITY OF VIRGINIA (UVA).

Program Service Accomplishments

Program 1

Expenses: $32,601,049

SCHOLARSHIP, FELLOWSHIP AND PROFESSORSHIP PROGRAM IN SUPPORT OF UVA.THE FOUNDATION AWARDS ACADEMIC MERIT-BASED SCHOLARSHIPS TO UNDERGRADUATES THAT COVER THE FULL ESTIMATED COST OF ATTENDING UVA FOR FOUR YEARS. THE FOUNDATION ALSO AWARDS ACADEMIC MERIT-BASED, GRADUATE FELLOWSHIPS TO PHD AND MBA CANDIDATES AND TO NATIONAL FELLOWS. DURING FISCAL YEAR 2025, THE FOUNDATION SUPPORTED 190 UNDERGRADUTE SCHOLARS, 50 GRADUATE FELLOWS, AND 6 NATIONAL FELLOWS. THE FOUNDATION FUNDED, IN WHOLE OR IN PART, THE SALARIES, BENEFITS, AND OTHER RELATED COSTS OF 10 UVA PROFESSORS AND PROVIDED SUPPORT FOR 11 GRADUATE STUDENTS WORKING WITH THE PROFESSORS. THE FOUNDATION ALSO OFFERED SEVERAL MERIT- AND NEED-BASED AWARDS TO UNDERGRADUATE FINALISTS. ADDITIONALLY, THE FOUNDATION AWARDED A VARIETY OF FACULTY PRIZES ANNUALLY TO DISTINGUISHED FACULTY MEMBERS BASED ON EXCELLENCE IN TEACHING AND SCHOLARSHIP. OVERALL, THE FOUNDATION PROVIDED FINANCIAL SUPPORT TO 335 STUDENTS AND FACULTY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $36,265,524

Program Service Revenue $0

Investment Income $563,355

Other Revenue $-187,197

TOTAL REVENUE $36,641,682

Expense Breakdown

Grants Paid $26,993,115

Salaries & Benefits $5,414,686

Fundraising Expenses $2,888,117

Program Expenses $32,601,049

Other Expenses $7,173,341

TOTAL EXPENSES $39,581,142

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,641,682	$33,151,366	+0.1%
Expenses	$39,581,142	$32,396,019	+0.2%
Net Income	$-2,939,460	$755,347	-4.9%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

1320

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,654,249

Total Directors

Key Employees

$800,813

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES H WRIGHT	PRESIDENT/SECRETARY/TREASU	40.00	Officer	$1,073,848	$58,950	$1,132,798
HELEN M DWYER	ASSISTANT SECRETARY	40.00	Officer	$235,722	$37,691	$273,413
ROBBYN L CALLAHAN	ASSISTANT TREASURER	40.00	Officer	$206,041	$41,997	$248,038
S PATRICK INGRAM	DIRECTOR OF DEVELOPMENT	40.00	Key Emp	$336,943	$162,621	$499,564
BENJAMIN B SKIPPER	DIRECTOR OF JEFFERSON SCHOLARS PROGRAM AND ALUMNI	40.00	Key Emp	$256,098	$45,151	$301,249
LEW BURRUS	DIRECTOR OF TECHNOLOGY	40.00	Highest	$131,078	$23,900	$154,978
JOYCE CARMAN	DIRECTOR OF COMMUNICATIONS	40.00	Highest	$132,593	$22,942	$155,535
KEVIN E MURRAY	DIRECTOR OF GIFT PLANNING	40.00	Highest	$163,451	$41,597	$205,048
CHRISTINE E PATRICK	ASSOCIATE DIRECTOR OF DEVELOPMENT	40.00	Highest	$141,088	$25,614	$166,702
JAMALA MASSENBURG	DIRECTOR, GRADUATE FELLOWS PROGRAM	40.00	Highest	$203,096	$31,763	$234,859
WILLIAM L POLK JR	CHAIRMAN OF THE BOARD	3.00	Officer Director	$0	$0	$0
FRANKLIN S EDMONDS JR	VICE-CHAIRMAN OF THE BOARD	3.00	Officer Director	$0	$0	$0
KAREN CLARKE BARNES	FOUNDATION BOARD OF DIRECT	2.00	Director	$0	$0	$0
SHAHNAZ BATMANGHELIDJ	FOUNDATION BOARD OF DIRECT	2.00	Director	$0	$0	$0
T WESTRAY BATTLE III	FOUNDATION BOARD OF DIRECT	1.00	Director	$0	$0	$0
LEONARD J BUCK II	FOUNDATION BOARD OF DIRECT	1.00	Director	$0	$0	$0
STEPHEN S CRAWFORD	FOUNDATION BOARD OF DIRECT	1.00	Director	$0	$0	$0
ALLISON C DINARDO	FOUNDATION BOARD OF DIRECT	1.00	Director	$0	$0	$0
MERRY W DOUGHERTY	FOUNDATION BOARD OF DIRECT	1.00	Director	$0	$0	$0
ROBERT W DOWNES	FOUNDATION BOARD OF DIRECT	2.00	Director	$0	$0	$0
KIRKMAN FINLAY III	FOUNDATION BOARD OF DIRECT	1.00	Director	$0	$0	$0
RAYNELLE DEANS GRACE	FOUNDATION BOARD OF DIRECT	1.00	Director	$0	$0	$0
JENNIFER BROWN GWILLIAM	FOUNDATION BOARD OF DIRECT	1.00	Director	$0	$0	$0
J DALE HARVEY II	FOUNDATION BOARD OF DIRECT	1.00	Director	$0	$0	$0
TYLER S HENRITZE	FOUNDATION BOARD OF DIRECT	1.00	Director	$0	$0	$0
PAUL R IZLAR	FOUNDATION BOARD OF DIRECT	1.00	Director	$0	$0	$0
E COURTNEY JOHNSON	FOUNDATION BOARD OF DIRECT	2.00	Director	$0	$0	$0
PETER E KAPLAN JR	FOUNDATION BOARD OF DIRECT	1.00	Director	$0	$0	$0
MARK T MASSEY	FOUNDATION BOARD OF DIRECT	1.00	Director	$0	$0	$0
BRUCE A MILLER	FOUNDATION BOARD OF DIRECT	2.00	Director	$0	$0	$0
TIMOTHY J NAUGHTON	FOUNDATION BOARD OF DIRECT	2.00	Director	$0	$0	$0
ROBERT S PITTS JR	FOUNDATION BOARD OF DIRECT	1.00	Director	$0	$0	$0
ANNE W POOLE	FOUNDATION BOARD OF DIRECT	1.00	Director	$0	$0	$0
LINDA G RENNER	FOUNDATION BOARD OF DIRECT	1.00	Director	$0	$0	$0
JAMES E RYAN	FOUNDATION BOARD OF DIRECT	1.00	Director	$0	$0	$0
DAVE STEVENS	FOUNDATION BOARD OF DIRECT	2.00	Director	$0	$0	$0
DEBORAH H VALENTINE	FOUNDATION BOARD OF DIRECT	1.00	Director	$0	$0	$0
MR ROBERT M WADSWORTH	FOUNDATION BOARD OF DIRECT	1.00	Director	$0	$0	$0
DR SHAN WU	FOUNDATION BOARD OF DIRECT	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$36,641,682	$39,581,142	$899,123,680	$-2,939,460
2024	$33,151,366	$32,396,019	$813,049,948	$755,347
2023	$33,501,224	$33,928,905	$764,689,436	$-427,681
2021	$36,629,374	$25,722,375	$761,742,846	$10,906,999
2020	$18,860,748	$20,517,300	$547,483,075	$-1,656,552
2019	$106,985,067	$21,531,318	$530,655,981	$85,453,749
2018	$11,363,472	$17,865,721	$424,436,388	$-6,502,249