Program areas at Virginia Tech Foundation
Guided by a strong commitment to fiduciary responsibility, the Foundation receives, manages, and disburses private gifts to advance the missions of Virginia Tech. The Foundation strives to be an exceptional steward of the assets provided by the university's many generous donors, and to grow and leverage those assets to the fullest extent to enable the forward progress of the university and all of its constituents. Anchoring a solid investment in the future of Virginia Tech, endowed gifts make up the largest portion of the Foundation's assets. The endowment is an actively managed portfolio incorporating deep fundamental analysis and a value-oriented, global approach. Complementing the endowment's investments, the Foundation manages an extensive real estate portfolio. Real estate acquisitions, construction and renovation are done at the request of the university and real estate gifts are designated in accordance with donor intent for ultimate disposition to support the missions of Virginia Tech.
Who funds Virginia Tech Foundation
Grants from foundations and other nonprofits
Personnel at Virginia Tech Foundation
| Name | Title | Compensation | Date of data |
|---|
| Elizabeth A McClanahan | Chief Executive Officer | $595,000 | 2023-06-30 |
| Anne Keeler | Chief Financial Officer | | 2024-05-15 |
| Ford, James | Director of Information Systems | $121,004 | 2022-03-01 |
| Ferguson, John | Director of Special Projects | | 2022-03-01 |
| Woodring, Carrie Carrie | Woodring Director of Real Estate | | 2022-03-01 |
| ...and 16 more key personnel |
Financials for Virginia Tech Foundation
| Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
|---|
| Total grants, contributions, etc. | $134,749,837 | $203,293,856 | -33.7% |
| Program services | $17,651,437 | $26,495,037 | -33.4% |
| Investment income and dividends | $34,381,238 | $27,589,609 | 24.6% |
| Tax-exempt bond proceeds | $81,813 | $31,554 | 159.3% |
| Royalty revenue | $125 | $420 | -70.2% |
| Net rental income | $16,549,766 | $14,999,247 | 10.3% |
| Net gain from sale of non-inventory assets | $5,624,140 | $48,350,728 | -88.4% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $19,889 | $27,992 | -28.9% |
| Miscellaneous revenues | $13,202,532 | $-3,715,507 | 455.3% |
| Total revenues | $222,260,777 | $317,072,936 | -29.9% |
Organizations like Virginia Tech Foundation
| Organization | Type | Location | Revenue |
|---|
| University of Illinois Foundation | 501(c)(3) | Champaign, IL | $450,262,389 |
| University of Arizona Foundation | 501(c)(3) | Tucson, AZ | $221,291,216 |
| Binghamton University Foundation | 501(c)(3) | Binghamton, NY | $57,977,280 |
| Wisconsin Foundation and Alumni Association (UWF) | 501(c)(3) | Madison, WI | $490,458,457 |
| Clemson University Foundation | 501(c)(3) | Clemson, SC | $75,039,646 |
| San Antonio Area Foundation | 501(c)(3) | San Antonio, TX | $68,911,493 |
| University of Oregon Foundation | 501(c)(3) | Eugene, OR | $190,958,772 |
| Philadelphia Foundation (PF) | 501(c)(3) | Philadelphia, PA | $80,318,312 |
| Arkansas Community Foundation | 501(c)(3) | Little Rock, AR | $82,995,729 |
| New Hampshire Charitable Foundation | 501(c)(3) | Concord, NH | $65,087,484 |
Data update history
July 22, 2024
Updated personnel
Identified 7 new personnel
July 20, 2024
Received grants
Identified 51 new grant, including a grant for $1,000,000 from Virginia Tech Services July 13, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 10, 2024
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsSchoolsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
MembershipsOperates donor advised fundsLobbyingOperates internationallyState / local levelReceives government fundingEndowed supportTax deductible donationsAccepts online donations
General information
- Address
- 902 Prices Fork Rd 4000
- Blacksburg, VA 24060
- Metro area
- Blacksburg-Christiansburg, VA
- County
- Montgomery County, VA
- Website URL
- vtf.org/Â
- Phone
- (540) 231-5751
- Twitter profile
- @virginia_techÂ
IRS details
- EIN
- 54-0721690
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1948
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- B43: University or Technological Institute
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Central organization
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