Letter From The VSU Foundation Chair GREATER foundations Greetings, The Virginia State University Foundation Board of Trustees and Staff is pleased to express our appreciation for the support we receive from the Office of Advancement and External Engagement (AEEO). Their partnership is proving to be invaluable as we continue to strengthen our university’s financial position in a very competitive environment. Our Foundation Board talent is an outstanding mix. We have corporate executives, business owners, attorneys, data analyst, non-profit experience, banking executives and CPAs. This mix ensures that the Board will continue to provide visionary leadership to managing its financial assets. The Virginia State University Foundation serves as an affiliated organization with a mission of assisting the University through financial support and financial management services. In fiscal year 2024, Foundation endowments and operating funds given by corporations, alumni and friends, provided the university with $912,813 in scholarships, $134,440 for athletics, and $1,907,488 to Programs for an approximate total of $2,966,741. This is approximately $720,000 more than last fiscal year. The Foundation is continuing to partner with the Universality in purchasing properties on its borders. This is a significant step towards ensuring the University controls its footprint and allows it to create a safer environment. The Foundation is very appreciative of AEEO for its dedication and commitment to its mission. This allows the Foundation assets to grow. Our successful partnership strengthens both missions and directly benefits the University and its students. In Trojan Spirit Brenda Stith Finch Brenda Stith Finch, ‘71 Chair Ms. Brenda Stith-Finch Chair COL(Ret.) Earnest A. Bazemore Vice Chair Mr. Samuel R. Rhue, MBA Emeritus Mr. Dante Jackson Ms. Valarie A. Jones, Esq. Mr. Frasier Brickhouse, II, CPA Mr. Wilbert J. Briggs, Sr. Mrs. Beverly Everson-Jones Mr. Frank Jones Emeritus Dr. Nardos King LTC (Ret.) Claude A. Wood CAPT(Ret) William E. Bailey Emeritus LTC (Ret.) Irene F. Logan Treasurer Mr. Cliff Taylor Mr. Steven Hicks Danielle Jones Secretary Shardae Holmes Mr. Kevin Davenport Dr. Joe Chase Ms. S. Angel Clarke Ms. Kara C. King Bess, MBA, CPA Mr. Mario M. White Cody Mitchell Dr. Willis W, Walter Mrs. Laurie Carpenter FOUNDATION FELLOWS Michael Wesson Adolph Brown Chenqua Hayden Tiffany Gullins Asia Rodriquez STUDENT REPRESENTATIVE Khadijah Thomas OTHERS Robert L. Turner, Jr., Esq. Exe. Director Ms. Pareta Roberts, CPA Ms. Kimberly A. Adams Dr. Makola M. Abdullah Ex Officio Ms. Carol Judkins VSU FOUNDATION BOARD OF TRUSTEES 2023-2025 The VSU Foundation Financial Position GREATER foundations P A G E 2 4 P A G E 2 5 I M P A C T R E P O R T - 2 0 2 3 — 2 5 I M P A C T R E P O R T - 2 0 2 3 — 2 5 VIRGINIA STATE UNIVERSITY FOUNDATION Statements of Financial Position The VSU Foundation is a separate non-profit organization established to support the university by raising and managing private funds, such as donations, endowments, and investment income. The Foundation is governed by a board of trustees made up of alumni, community members, and university representatives.
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