The Foundation is able to fund the 316.6 athletics scholarships allowed by the NCAA for the 27 varsity sports sponsored by UVA each year, but only a small percentage of those are funded by the endowment. Currently, 67 endowed scholarships are awarded each spring. The goal is to endow all of the scholarships in order to rely less on the Annual Fund.
Gifts to establish endowed scholarships are invested and an annual distribution is used to provide funding for designated scholarship recipients. Gifts can be made at any level to the scholarship endowments. An endowed scholarship recognition wall is located in John Paul Jones Arena.
The Virginia Athletics Foundation works with the Virginia Athletics administration and UVA head coaches to recognize deserving student-athletes who meet the criteria of each of our named scholarships.