VCU All Funds Operating Budget
The All Funds Budget shows a full picture of how VCU’s operating funds are planned and used. Instead of viewing funding in isolated categories, this comprehensive approach combines all sources (state support, tuition, research grants, and other revenue) into one strategic, university-wide financial plan. This page explores each major component of VCU’s budget. (Note: Capital funding is not included here, as it is tracked separately.)
The VCU Health System (VCUHS) is a separate authority from VCU, with its own budget and legal authority. Accounting standards require their reporting as a component unit on the face of our financial statements. Outside of the Operating Service Agreements (OSA) and the Clinical, Educational and Research Service Agreements (CERSA), their resources are not available to be used for the university’s operating needs. (See more under Hospital Services)
VCU's operating budget can be broken down into two categories:
- State and tuition supported comprises 47.5% of the budget. These funds come from the Commonwealth of Virginia government supporting the operations of public universities, and are also generated from tuition and fees paid by students for their education. These funds are committed to the University's academic programs and support services, which include personnel, scholarships, maintenance of facilities, and more. (See Education and General, or E&G)
- Designated funds comprise 52.5% of the budget. These funds are designated to support specific operations at VCU, such as Sponsored Research Programs, Auxiliary Enterprise Programs, Hospital Services, the Qatar Campus, and more.
Total FY26 Budget: $1,710,567,000
Data table - FY2026 All Funds Operating Budget
| Categories | Amount | % |
|---|---|---|
| Sponsored Research Programs (Designated) | $384,915,000 | 22.5% |
| Auxiliary Enterprise Programs (Designated) | $180,333,000 | 10.5% |
| Student Financial Assistance (Designated) | $111,589,000 | 6.5% |
| Hospital Services, Qatar Campus, University Funds (Designated) | $223,140,000 | 13.0% |
| E&G Personnel (Committed) | $588,096,190 | 34.4% |
| E&G Scholarships (Committed) | $63,000,000 | 3.7% |
| E&G Utilities, Maintenance, Contracts, Other (Committed) | $159,493,810 | 9.3% |
| Total FY26 Budget | $1,710,567,000 |