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Endowment

West Virginia University Foundation

university endowment / affiliated foundation1 — Morgantown, WV.

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Overview

Search this site Search WVU Home About Career Opportunities Career Opportunities CURRENT OPPORTUNITIES The WVU Foundation is an Equal Opportunity Employer.1

West Virginia University Foundation's endowment capital supports long-term institutional spending and mission continuity.1

Investment program

Estimated AUM
$3.3B as of Jun 30, 20252
Capital pool
university endowment / affiliated foundation1
Investment model
The investment pool is managed by professional investment managers and broadly diversified across asset classes/investment managers with oversight provided from the Board Investment Committee.1
Investment approach
In order to achieve the latter, it is necessary to aggressively manage the endowment's investment portfolio so that, over the long-term, it can generate net absolute returns in excess of the required spending payout, thereby creating intergenerational equity.3
Spending support
Not listed yet
Spending policy
Not listed yet
Asset allocation
For the unrestricted investment funds as of September 30, 2025, the report’s chart identifies 38.0% equities and 2.4% cash; the remaining chart categories are fixed income, real assets, and diversifying strategies, but their percentages are not exposed in the fetched text layer.4
Performance
Not listed yet
Governance
Endowment Management The WVU Foundation Board of Directors oversees the endowment and establishes policies to ensure the efficient management of endowed funds.1
Investment team
WVU Foundation investment leadership includes Richard Kraich, identified in WVU board materials as Vice President of Investments and Chief Investment Officer.5
Unfunded commitments
Not listed yet
Source freshness
Last verified Jul 21, 2026 · Needs review

Officer compensation

Reported on IRS Form 990, tax year 2025. Figures are as filed and include reportable compensation from the organization and related organizations plus other compensation. 31 additional officers reported no compensation.

NameTitleTotal
Richard Kraich ret July 2025VP Investments, CIO$1,057,409
Cynthia L RothPresident & CEO$960,453
Bernard J Davisson II ret Dec 2024Sr. VP Development, CDO$583,275
Michael E AugustineCOO/CFO, Treasurer$525,810
Jennifer CunananAssoc VP, Investments$519,058
Kaylon McInellyAssoc VP, Investments$400,984
Ben MurrayDeputy Athletic Director and Chief Development Officer for Athletics$361,711
Charles KerzakSrAssocVP, UniversityDevel/ CampaignMgmt$323,839
Timothy BollingSr. Assoc VP, Leadership Philanthropy$322,592
Melissa L SimpsonSr, AVP Finance/ Asst. Treasurer$221,053
Jessica M BurnsDr. of Board Relations/Asst. Board Sec$137,392

View the filing

Sources

Last verified Jul 21, 2026 from public career and organization materials.

Fact notes

  1. Website (wvuf.org)Parent organization overview, Pool purpose, Capital pool, Investment model, Governance · checked Jul 25, 2026
  2. Website (wvuf.org)Estimated AUM · checked Jul 25, 2026
  3. Website (wvuf.org)Investment approach, Investment office page · checked Jul 25, 2026
  4. Annual report (wvlegislature.gov)Asset allocation · checked Aug 6, 2026
  5. Annual report (bog.wvu.edu)Investment team · checked Aug 6, 2026

Reports and filings

Profile and job sources