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Letter from the president
The opening of the Children’s Hospital of Richmond Tower
VCU Massey gains elite “Comprehensive Cancer Center” status
Introducing the new VCU STEM Building
VCU and VCU Health introduce their new brand platform
The Year in Review
Notables
Leadership
VCU facts and figures
VCU Health facts and figures

Annual Report 2022-23

VCU facts and figures 2022-23

Our students by the numbers

28,408 Fall 2022 student enrollment total
- 32.9% Underrepresented minorities total
- 48.9% Minority total
- 36.6% Underrepresented minorities undergraduates
- 54% Minority undergraduates
Percentage minority and underrepresented
34.2% First-generation freshmen
85.6% One-year retention rate
85.7% Virginia residents (all students)
1,492 Newly enrolled transfer students

VCU graduation rates

- 61.5% Black students
- 67.2% Latinx students
6-year graduation rates for Black and Latinx students (fall 2017 cohort)
65.6%6-year overall graduation rate (fall 2017 cohort)
60.5%6-year graduation rate for Pell recipients (fall 2017 cohort)

Aid and programs

- $315,085,302 Total aid
- $17,407 Average aid package (with or without filing FAFSA)
Financial aid awarded, 2022-23
7,276Degrees and certificates awarded — total
244Total number of programs

Alums and employees

216,696Living alumni
65%Alumni living in Virginia
2,501 Full-time teaching and research faculty (includes librarians with T&R faculty designations)
27.7%Minority teaching and research faculty
24,065Employees (VCU and VCU Health)

Research numbers

$464.6 million71% increase over past five years (2018-23) Total sponsored awards
$211.6 million Total federally funded grants

126 Invention disclosures
165 Patents filed
26 Patents issued
17 Copyrights
60+ Startups (faculty, staff or students)
12 Startup licenses (new startups)
29 Licenses/options
118 Industry engagements

$2,997,407 Licensing revenues
$1,654,556 Proof-of-concept funding
National Science Foundation ranks VCU as No. 47 in the country for fiscal research expendituresNSF HERD ranking

Athletics conference outcomes

3.339Cumulative GPA of student-athletes
64 Student-athletes with a 4.0 or better (spring semester)

Financials

$4,647.5 millionTotal in revenues and capital additions (VCU, VCU Health and affiliated foundations)
$4,382.9 millionTotal in expenditures (VCU, VCU Health and affiliated foundations)
$271 millionAnnual fundraising (a record for the university and health system)

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Virginia Commonwealth University VCU Health

Office of the President

VCU Annual Report 2022-23

910 West Franklin Street
Box 842512
Richmond, VA 23284-2512

president@vcu.edu

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Updated: 2/2/2024