December 9, 2016 - The University of Virginia today announced the creation of a permanent endowment to support student scholarships that could reach $300 million through a combination of philanthropic support and the UVA Strategic Investment Fund. Earnings from the new Bicentennial Scholars Fund will provide need- and merit-based scholarships for University undergraduate students, and also will relieve pressure on long-term tuition increases by funding need-based aid from this fund instead of from tuition revenue. More
P.O. Box 400228
Charlottesville, VA 22904-4228
- Megan K. Lowe
The Executive Vice President and Chief Operating Officer is charged by the Board of Visitors and the President with overseeing the financial operations of the University, including the Medical Center, and supporting special initiatives that have a University-wide impact.
The EVP-COO partners with the Provost and others to foster strong relationships between academic and administrative areas, ensuring strong and sustainable resources to finance academic excellence. Current priorities focus on achieving Organizational Excellence across academic and administrative areas, shifting to a new internal budget model that fosters entrepreneurial and collaborative actions in all schools and units, and implementing a long-term financial plan for academic excellence to provide the foundation for implementing the University's strategic plan.
December 8, 2016 - A new study illustrates the University of Virginia’s substantial role as an economic powerhouse contributing to local, regional and state economies. The independent economic impact study found that UVA’s Academic Division, its Health System and the College at Wise combine to generate $5.9 billion annually in economic activity for the Commonwealth of Virginia. UVA’s 2016-17 operating budget is $3.2 billion. More