b'GRE AT ER foundationsThe VSU Foundation Financial PositionThe VSU Foundation is a separate non-profit organization established to support the university by raising and managing private funds, such as donations, endowments, and investment income. The Foundation is governed by a board of trustees made up of alumni, community members, and university representatives.VIRGINIA STATE UNIVERSITY FOUNDATIONStatements of Financial Position5 2 E G A PI M P A C T R E P O R T - 2 0 2 32 5'