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: Verified by RoundPaper

FY 2023

Verified NonprofitLast Filed 2023EIN 54-0129860

Averett University

DANVILLE, VANTEE: B430Founded 1859Website

mission statement

Averett university prepares students to serve and lead as catalysts for positive change. Averett fulfills this mission by educating students from diverse backgrounds, cultures and nations through liberal arts-based undergraduate and graduate programs in a personal, collegial, interdisciplinary environment.

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Total Revenue

$54.3M

FY 2023

Program Spending

81.5%

of total expenses

Known Funders

2019–2024 filings

Key Metrics (FY 2023)

The Numbers

$68.8M

Total Assets

$35.7M net

6.73 mo

Operating Reserves

FY 2023

Active Programs

FY 2023

715

Total Employees

FY 2023

Funding Track Record

Backed by 49 Institutional Funders

$15.1M raised across 161 grants · +$6.0M committed (2019–2024 filings)

Funder Geography

Funders across 19 states (2019–2024 filings)

Institutional Funding by Year

PaidCommittedBoth

Funder	Location	Total Awarded
Danville Regional Foundation	Danville, VA	$7,497,816 +$5,249,074 committed
E Stuart James Grant Charitable Trust	DANVILLE, VA	$2,200,000 +$500,000 committed
Lettie Pate Whitehead Foundation Inc	Atlanta, GA	$1,562,080
J T - Minnie Maude Charitable Trust	DANVILLE, VA	$600,100
Charles B Keesee Educational Fund Incorporated	MARTINSVILLE, VA	$412,500
The Virginia College Fund	RICHMOND, VA	$385,240
Harvey W Peters Research Foundation	SIOUX FALLS, SD	$300,000
The Alma McManaway Dillon of Bassett VA Scholarship Fund Charit	LAS VEGAS, NV	$279,750
American Online Giving Foundation Inc	NEWARK, DE	$268,822
Hughes Memorial Home	DANVILLE, VA	$266,875 +$210,250 committed

Total tracked: $15,138,467 across 161 grants · +$5,959,324 committed across 22 commitments (2019–2024 filings)

Totals reflect grants as reported on funder tax returns. Timing may not match recipient revenue: funder and recipient fiscal years often differ, and grants paid by a funder in one year may be recognized by the recipient in a different year.

Programs (FY 2023)

What They Do

$51.8M in expenses

Averett provides instruction to approximately 1,500 students leading to undergraduate and graduate degrees through its traditional and professional studies programs. Averett prepares its students for successful lives through personal attention of each student in the liberal arts tradition. Students are encouraged to ask and answer important questions, form and defend judgements, and thoughtfully evaluate diverse views. In accordance with our christian heritage, we value academic and religious freedom, spiritual growth, academic excellence, diversity, and tolerance.

Financial History