Nonprofits/Philanthropy: TIM ROSE
CEO, UNIVERSITY OF VIRGINIA FOUNDATION, CHARLOTTESVILLE
Published
Rose has led U.Va.’s foundation, which was originally created as the U.Va. Real Estate Foundation, for around three decades.
With bachelor’s and master’s degrees from Miami University, Rose came to U.Va. for his doctorate and also served as an assistant vice president for administration.
The foundation provides real estate and financial services to U.Va. and its associated organizations. It facilitates real property acquisitions and gifts and oversees the school’s fraternity and sorority houses. It also develops new projects and maintains several hospitality properties, including the Boar’s Head Resort and its Birdwood Golf Course in Charlottesville.
The foundation, which reported $750 million total assets for fiscal year 2021, recently embarked with the university on an affordable housing initiative to create new mixed-income residential communities in Charlottesville and Albemarle County. The goal is to provide 1,000 to 1,500 affordable housing units during the next decade.
A nearly 3,000-acre property called Morven Farm — a 2001 gift to the foundation from philanthropist John Kluge, previously used as meeting and event space — will become a cross-disciplinary sustainability lab for U.Va., with a focus on environmental resilience, according to a July announcement.
