An endowment gift is one of the most powerful gifts a donor can make to Virginia Athletics. Endowed funds provide a lasting source of support for Virginia Athletics. Gifts can be made to establish endowed scholarship funds or sport-specific operational funds to assist with annual budgetary needs.
The Virginia Athletics Foundation (VAF) is responsible for raising the necessary funds to support all 316.6 athletics scholarships allowed by the NCAA. Donor contributions to the Annual Fund provide approximately 70 percent of those funds, with the remainder coming from distributions from endowed scholarships.
For that reason, philanthropic support is crucial to the ongoing success of our sports. The University of Virginia’s ability to offer robust scholarships is vital to attract the best student-athletes, and it is essential if we are to continue competing for conference and national championships while maintaining elite academic standards. More significantly, athletic scholarships provide life-changing opportunities for student-athletes to pursue excellence in competition, in the classroom, and in service to the broader community.
The University has created a once-in-a-lifetime opportunity for donors to amplify their impact through the UVA Bicentennial Scholars Fund, which makes a 50 percent match on gifts of $100,000 or more that are fully paid within five years for new endowments to support scholarships.
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, but only gifts of $100,000 or more are eligible for the UVA Bicentennial Scholars Fund match.
An endowed scholarship recognition wall is located in John Paul Jones Arena and in Bryant Hall. The VAF 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.
Like an endowed scholarship, an operational endowment provides an ongoing source of financial support for the designated team. Gifts to an operational endowment are invested and an annual distribution is used to assist in the funding of the designated team’s budget. Naming opportunities begin at $50,000 but gifts of any size can be made toward operational endowments. Contact the VAF at 434.982.5555 or 800.626.8723 for more information