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CHARITY REVIEW
Issued: September 2025 Expires: September 2027

Medical Society of Virginia Foundation

Standards Not Met
Standards Not Met
6 7 14 16 17 18
(800) 746-6768
2924 Emerywood Parkway, Suite 300
Richmond, VA, 23294
https://msv.org/foundation
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Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Medical Society of Virginia Foundation does not meet the following 6 Standards for Charity Accountability:

Standard 6 (Board Policy on Effectiveness)
Have a board policy of assessing, no less than every two years, the organization's performance and effectiveness and of determining future actions required to achieve its mission.

MSVF does not meet this Standard because:

  • The board of directors does not have a written policy stating that, at least every two years, an appraisal be done assessing the organization’s performance and effectiveness and determining future actions required to achieve its mission.

Standard 7 (Board Approval of Written Report on Effectiveness)
Submit to the organization's governing body, for its approval, a written report that outlines the results of the aforementioned performance and effectiveness assessment and recommendations for future actions.

MSVF does not meet this Standard because:

  • The organization has not completed an effectiveness assessment in the last two years.

Standard 14 (Budget)
Have a board-approved annual budget for its current fiscal year, outlining projected expenses for major program activities, fund raising, and administration.

MSVF does not meet this Standard because, when the organization provided 2025 budget information, it indicated that the budget:

  • Did not identify total projected program service expenses and did not break the expenses down by major program category (Medical leadership, VMAP).
  • Did not identify total projected fundraising expenses.
  • Did not identify total projected administrative expenses.

Standard 16 (Annual Report)
Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.

MSVF does not meet this Standard because:

  • The organization states it does not have an annual report covering activities conducted in 2023.

Standard 17 (Web Site Disclosures)
Include on any charity websites that solicit contributions, the same information that is recommended for annual reports, as well as the mailing address of the charity and electronic access to its most recent IRS Form 990.

MSVF does not meet this Standard because the organization’s website, https://msv.org/foundation, does not include all of the recommended information for those charity websites that solicit for donations. Specifically, it does not include:

  • Electronic access to the organization’s 2023 IRS Form 990.
  • A summary of 2023 program service accomplishments.

Standard 18 (Privacy for Written Appeals & Internet Privacy)
Address privacy concerns of donors by (a) providing in written appeals, at least annually, a means (e.g., such as a check off box) for both new and continuing donors to inform the charity if they do not want their name and address shared outside the organization, (b) providing a clear, prominent and easily accessible privacy policy on any of its websites that tells visitors (i) what information, if any, is being collected about them by the charity and how this information will be used, (ii) how to contact the charity to review personal information collected and request corrections, (iii) how to inform the charity (e.g., a check off box) that the visitor does not wish his/her personal information to be shared outside the organization, and (iv) what security measures the charity has in place to protect personal information.

MSVF does not meet this Standard because the privacy policy on its website, https://msv.org/foundation, does not indicate:

  • What security measures are in place to protect personal information that is collected.

The BBB Wise Giving Alliance requested but did not receive complete information from the organization and is unable to verify the organization's compliance with the following Standard(s) for Charity Accountability: 1

Medical Society of Virginia Foundation meets the remaining 13 Standards for Charity Accountability.

Stated Purpose:
"to better equip the physician and physician assistant community to improve the health of Virginians."

Year, State Incorporated:
1986, VA

The Medical Society of Virginia Foundation (MSVF) reports that it develops programs for physicians and physician assistants to nurture their leadership skills, support provider wellness, and improve the overall quality of healthcare. The organization’s Physician Leadership Institute is a project-based program designed to develop physicians’ leadership skills to drive transformation and positive change in their workplaces and communities. MSVF is the program administrator for Virginia Mental Health Access Program (VMAP), an initiative that helps healthcare providers take better care of children and adolescents with mental health conditions through provider education and increasing access to child psychiatrists, psychologists, social workers, and care navigators. The organization’s HealthHaven: Recovery, is an adult substance use training, consultation, and referral program designed for primary care providers to treat and respond to substance use disorders in adult patients.

For the year ended December 31, 2023, Medical Society of Virginia Foundation's program expenses were:

Medical leadership $929,398
VMAP $6,392,533
Total Program Expenses $7,321,931

Chief Executive
Melina Davis, Executive Vice President and Chief Executive Officer

Compensation*
$535,427

Chair of the Board
Jose Morey, MD

Chair's Profession / Business Affiliation
Physician, Medical Center Radiologists

Board Size
15

Paid Staff Size
14

*2023 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Radio

Fundraising costs were 31% of related contributions. (Related contributions, which totaled $732,211, are donations received as a result of fundraising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Medical Society of Virginia Foundation's audited financial statements for the year ended December 31, 2023.

Source of Funds
Investment return, net $21,675
Operating support from MSV Services Corporation $25,000
Operating support from The Medical Society of Virginia $27,597
Grants $35,737
Other income $146,369
Program services $253,792
Contributions $643,877
Contracts $8,843,509
Total Income $9,997,556

Programs: 93% Fundraising: 3% Administrative: 4%

Total Income $9,997,556
Total expenses: $7,838,104
  Program expenses $7,321,931
  Fundraising expenses $225,639
  Administrative expenses $290,534
  Other expenses $0
Income in Excess of Expenses $2,159,452
Beginning Net Assets $4,494,638
Other Changes In Net Assets $29,053
Ending Net Assets $6,683,143
Total Liabilities $3,204,033
Total Assets $9,887,176

Note: In the above financial statements, "other changes in net assets" refers to an increase in annuity program.

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

RELATED CONTENT

Report completed by:
BBB Wise Giving Alliance