Virginia Innovation Partnership
VIPC GROWS AND DIVERSIFIES VIRGINIA'S ECONOMY BY INVESTING IN AND ACCELERATING INNOVATION COMMERCIALIZATION AND ENTREPRENEURSHIP.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$80.0M
-6.8% YoY
Annual Giving
$8.0M
-10.4% YoY
Grant Count
95
-38.7% YoY
Avg Grant Size
$85K
+46.2% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $79,950,256 | $85,819,315 | $75,363,860 |
| Revenue | $47,361,433 | $34,793,623 | $22,793,161 |
| Expenses | $39,383,995 | $38,026,082 | $25,978,938 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $4,006,105 | $2,705,381 | $384,438 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Virginia Innovation Partnership fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RITA ROY | CHAIR | 2 | — |
| BARBARA BOYAN | CHAIR THRU 12/2023 , DIRECTOR | 2 | — |
| MONIQUE ADAMS | DIRECTOR | 2 | — |
| SHASHIKANT GUPTA | DIRECTOR FROM 5/2024 | 1 | — |
| RICHARD HALL | DIRECTOR | 1 | — |
| CHRIS LONG | DIRECTOR | 1 | — |
| ROB QUARTEL | DIRECTOR | 1 | — |
| KELLEY POWELL WILLIAMSON | DIRECTOR FROM 8/2023 | 1 | — |
| LINDSAY WINTER | DIRECTOR FROM 8/2023 | 1 | — |
| THE HONORABLE CAREN MERRICK | VICE CHAIR | 1 | — |
| BOB STOLLE | PRESIDENT & CEO THRU 11/2023 | 40 | $278,037 |
| JOE BENVENTO | PRESIDENT & CEO FROM 4/2024 | 40 | — |
| SUSAN AITCHESON | CFO TO 2/2024 | 40 | $270,100 |
| TOM WEITMAN | CIO & VP | 40 | $305,775 |
| DAVE IHRIE | CHIEF TECH OFFICER | 40 | $274,748 |
| SEAN MALLON | VP COMMERCIALIZATION | 40 | $224,373 |
| MARCO RUBIN | DIR INVESTMENT SVCS | 40 | $218,018 |
| CONAWAY HASKINS | VP ENTREPRENUERIAL | 40 | $187,670 |
| ANGELA COSTELLO | VP MARKETING | 40 | $188,268 |
| ALEX EULER | DIR INVESTMENT SVCS | 40 | $186,277 |
| JEN O'DANIEL | DIR INVESTMENT SVCS | 40 | $188,357 |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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