NonprofitsVirginia Tech Foundation Inc

Education

Virginia Tech Foundation Inc

BLACKSBURG, VA

Total revenue

$293.8M

Total expenses

$182.6M

Net assets

$2.0B

Grants received

$154.0M

994 grants

EIN

540721690

Tax year

2023

Mission

Virginia tech foundation, inc. (vtf) is a nonstock corporation established in 1948 (see schedule o) for the sole purpose of managing virginia tech's endowment and real estate portfolio. Vtf exists and operates as a separate, independent entity with its officers and governing board-managing, investing, and distributing private resources to advance virginia tech's mission and its strategic proprieties.

Financials

FY 2023

Revenue

Contributions & grants$179.0M
Program service revenue$13.7M
Investment income$88.1M
Other revenue$12.9M
Total revenue$293.8M

Expenses

Grants paid$97.2M
Salaries & benefits$9.6M
Fundraising$9.0M
Other expenses$75.8M
Total expenses$182.6M
Total assets$3.0B
Net assets$2.0B

People

50 listed

NameRoleCompensation

ELIZABETH A MCCLANAHAN

CHIEF EXECUTIVE OFFICER

Board

$670K

30 hrs/wk

MS TERRI T MITCHELL

ASSISTANT SECRETARY (AS OF 09/2023)

Board

$269K

38 hrs/wk

MS ANNE B KEELER

CFO & TREASURER

Board

$192K

38 hrs/wk

MR KENNETH S SMITH

COO (AS 08/2023)

Board

$110K

38 hrs/wk

MR KEVIN T CROFTON

BOARD MEMBER (THRU 09/2023)

Board

2 hrs/wk

MS TRACI J DESHAZOR

BOARD MEMBER

Board

2 hrs/wk

MR J BENJAMIN BEN DOUGHTIE

BOARD MEMBER

Board

2 hrs/wk

MR GREGORY C GODSEY

BOARD MEMBER

Board

2 hrs/wk

MR DONALD B DON HALLIWILL

BOARD MEMBER

Board

2 hrs/wk

MR CHRIS KIWUS

BOARD MEMBER-EX OFFICIO (THRU 11/23)

Board

2 hrs/wk

MR NATHAN T LAVINKA

BOARD MEMBER-EX OFFICIO

Board

2 hrs/wk

MR J RYAN LINGERFELT

BOARD MEMBER

Board

2 hrs/wk

MR STEPHEN T MASON

BOARD MEMBER

Board

2 hrs/wk

MR MICHAEL E MIKE MELO

BOARD MEMBER

Board

2 hrs/wk

MR ROGER H MOORE

BOARD MEMBER

Board

2 hrs/wk

MR MARTY MUSCATELLO

BOARD MEMBER

Board

2 hrs/wk

MS CATHERINE PAPOULIAS-SAKEL

BOARD MEMBER (AS OF 09/2023)

Board

2 hrs/wk

MS RENAE C PEARSON

BOARD MEMBER (THRU 09/2023)

Board

2 hrs/wk

MR JAMES G JIM PETRINE

BOARD MEMBER

Board

2 hrs/wk

MR CHRISTOPHER M QUILLEN

BOARD MEMBER

Board

2 hrs/wk

MR JAMES A ROSENSTOCK III

BOARD MEMBER (AS OF 09/2023)

Board

2 hrs/wk

MS LAILA N ROSSI

BOARD MEMBER

Board

2 hrs/wk

MS HEMA S SANGHANI

BOARD MEMBER (AS OF 09/2023)

Board

2 hrs/wk

MS SHIRISH S SATHAYE

BOARD MEMBER

Board

2 hrs/wk

MR CHARLES D PHLEGAR

BOARD MEMBER-EX OFFICIO

Board

2 hrs/wk

MS ADELA SKENDERASI

BOARD MEMBER (AS OF 09/2023)

Board

2 hrs/wk

MR JAMES N STRAWBRIDGE

BOARD MEMBER

Board

2 hrs/wk

MR GREGORY C THOMPSON

BOARD MEMBER

Board

2 hrs/wk

MR JOHN T THOMPSON

BOARD MEMBER (AS OF 09/2023)

Board

2 hrs/wk

MR BRUCE W TYLER

BOARD MEMBER (AS OF 09/2023)

Board

2 hrs/wk

MR WILLIAM LAKE WAGNER

BOARD MEMBER

Board

2 hrs/wk

MR RICHARD R WHITT III

BOARD MEMBER

Board

2 hrs/wk

MR CHRISTOPHER W SHEAN

BOARD MEMBER

Board

2 hrs/wk

DR TIMOTHY D SANDS

BOARD MEMBER-EX OFFICIO

Board

2 hrs/wk

DR AMY S SEBRING

BOARD MEMBER-EX OFFICIO

Board

2 hrs/wk

MS STARLETTE B JOHNSON

CHAIR (THRU 09/2023)

Board

2 hrs/wk

MR WILLIAM N PARK

VC (THRU 9/23); CHAIR (AS OF 9/23)

Board

2 hrs/wk

MS JACQUELINE L ARCHER

BOARD MEMBER

Board

2 hrs/wk

MR OMAR M ASALI

BOARD MEMBER

Board

2 hrs/wk

MR EDWARD H ED BAINE

BOARD MEMBER

Board

2 hrs/wk

MR CHRISTOPHER J BRIGHTMAN

BOARD MEMBER (THRU 09/2023)

Board

2 hrs/wk

MR ROBERT BOB BROYDEN

BOARD MEMBER-EX OFFICIO(AS OF 11/23)

Board

2 hrs/wk

MR DANIEL WARD

FORMER AVP/CIO ENDOWMMENT

Staff

$1.4M

0

MR DAVID GREENBERG

CHIEF INVESMENT OFFICER

Staff

$921K

40 hrs/wk

MS TAMMY COSTIGAN

CONTROLLER

Staff

$178K

40 hrs/wk

MR JAMES FORD

DIRECTOR OF IT

Staff

$171K

40 hrs/wk

MS CARRIE WOODRING

DIRECTOR OF REAL ESTATE

Staff

$151K

40 hrs/wk

DR JOHN DOOLEY

FORMER CEO; SA VT ATHLETIC DIR

Staff

$147K

0

MS MARY YOLANDA TRIGIANI

MANAGING DIRECTOR OF PLANNING

Staff

$146K

40 hrs/wk

MS JANET TUCKWILLER

SENIOR ASSOCIATE GENERAL COUNSEL

Staff

$144K

40 hrs/wk

Independent contractors

L5 THE EXPO GROUP LTD

EVENT SERVICES

$503K

AECOM TECHNICAL SERVICES INC

CONSTRUCTION

$483K

BLACKBUAD INC

ONLINE SERVICES

$389K

NEPC LLC

CONSULTING SERVICES

$326K

MCR INC

MAILING SERVICES

$316K

Grants received

Showing 200 of 994

FromAmountPurposeYear
$10M
GENERAL SUPPORT
2024
$2.5M
GENERAL USE
2024
$455K
UNRESTRICTED GENERAL SUPPORT
2024
$395K
EDUCATIONAL SUCCESS
2024
$346K
UNRESTRICTED GENERAL SUPPORT
2024
$300K
SUPPORT THE RENOVATION, UPGRADES, AND IMPROVEMENTS TO WAR MEMORIAL HALL
2024
$250K
General operating support
2024
$250K
GENERAL PURPOSE
2024
$245K
GENERAL SUPPORT
2024
$210K
EDUCATIONAL
2024
$110K
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2024
$107K
Competitive Shooting
2024
$100K
AMERICAN CHESTNUT AND QUAIL RESEARCH
2024
$78K
DONOR ADVISED, EDUCATION
2024
$62K
FOR RECIPIENT'S EXEMPT PURPOSE
2024
$60K
ABS 2024 Scholarships for tuition and books.
2024
$50K
GENERAL SUPPORT
2024
$46K
TO SUPPORT BUSINESS IT MAJORS & PAMPLIN COLLEGE
2024
$39K
OPERATIONS
2024
$37K
RESEARCH
2024
$36K
HIGHER EDUCATION
2024
$35K
4-H Camp and Additional Programming - Wise County, Virginia
2024
$35K
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
2024
$32K
PROMOTE LITERACY
2024
$30K
IN SUPPORT OF THE JACKSON PIEDMONT BLUES FESTIVAL.
2024
$30K
TO FUND YOUTH SHOOTHING SPORTS
2024
$25K
SCHOLARSHIPS IN HONOR OF FRED LUTZE
2024
$25K
GENERAL SUPPORT
2024
$23K
UNRESTRICTED GENERAL SUPPORT
2024
$20K
Education
2024
$20K
To further charitable cause
2024
$20K
GENERAL SUPPORT
2024
$20K
UNDERGRADUATE IMMERSION TRAVEL
2024
$20K
GENERAL OPERATING
2024
$20K
GENERAL OPERATIONS
2024
$18K
4-H Camp for Lee County, Virginia
2024
$14K
EDUCATIONAL
2024
$11K
GENERAL SUPPORT
2024
$10K
GENERAL SUPPORT
2024
$10K
GENERAL SUPPORT
2024
$10K
To assist local charities
2024
$10K
The Market of Virginia Tech
2024
$10K
Grant funds will be used to support the purchase of program equipment and materials for 4-H groups across Pulaski County.
2024
$8K
internship development program
2024
$8K
RESEARCH - ROBOTICS
2024
$7K
2000 - SCHOOL OF ARCHITECTURE SCHOLARSHIP FUND; 1000 - HOKIE SCHOLARSHIP FUND-HOKIE CLUB; 1000 COLLEGE OF AGRICULTURE AND LIFE SCIENCES; 3000 - CELEBRATING WOMEN IN SPORTS
2024
$6K
6 grant(s) for varying purposes
2024
$5K
COLLEGES AND UNIVERSITIES
2024
$5K
PROMOTING EDUCATION
2024
$5K
State 4-H Congress Expenses and Other Programming expenses fund
2024
$4K
New Club Programming - Lee County, Virginia
2024
$4K
Master Gardener Program - Lee County, Virginia
2024
$3K
Health and Wellness Programming - Lee County, Virginia
2024
$3K
DONATIONS TO COLLEGES, UNIVERSITIES AND OTHER ORGANIZATIONS UNDER "MATCHING GIFTS PROGRAM."
2024
$3K
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2024
$3K
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2024
$3K
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2024
$3K
Education
2024
$3K
EDUCATION
2024
$2K
GENERAL OPERATING PURPOSE
2024
$2K
MATCHING GIFTS
2024
$2K
GENERAL PURPOSES
2024
$2K
Nutrition Program - Lee County, Virginia
2024
$1K
General & Unrestricted
2024
$600
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2024
$500
GENERAL DONATION
2024
$500
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2024
$250
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2024
$200
MATCHING CONTRIBUTION (GENERAL OPERATING SUPPORT)
2024
$180
GEN. CHARITABLE
2024
$150
COLLEGE OF ENGINEERING ANNUAL FUND
2024
$129
CHARITABLE ACTIVTITIES
2024
$100
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2024
$100
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2024
$50
GENERAL SUPPORT
2024
$50
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2024
$12.5M
GENERAL SUPPORT
2023
$4.5M
FOR SOFTWARE TOOLS TO SUPPORT THE SERVICE'S PLANS FOR COMMAND AND CONTROL OF THE INFORMATION ENVIRONMENT; TO CREATE AND MANAGE A COLLABORATIVE CYBERSECURITY EDUCATIONAL PROGRAM WITH COMMUNITY COLLEGES, COLLEGES, AND UNIVERSITIES THAT ESTABLISHES STANDARDS FOR CYBERSECURITY CURRICULUM AND ACADEMIC EXCELLENCE, INCLUDES COMPETENCY DEVELOPMENT AMONG STUDENTS AND FACULTY, VALUES COMMUNITY OUTREACH AND LEADERSHIP IN PROFESSIONAL DEVELOPMENT, INTEGRATES CYBERSECURITY PRACTICE WITHIN THE INSTITUTION ACROSS ACADEMIC DISCIPLINES, ACTIVELY ENGAGES IN SOLUTIONS TO CHALLENGES FACING CYBERSECURITY EDUCATION
2023
$3.6M
For grant recipient's exempt purposes
2023
$1.7M
HUMAN SERVICES
2023
$1.5M
CHARITABLE CONTRIBUTION
2023
$1.3M
UNRESTRICTED GENERAL SUPPORT
2023
$1.3M
GENERAL SUPPORT
2023
$1.0M
FINANCIAL LITERACY ENDOWMENT, GENERAL SUPPORT
2023
$1M
SEE PART IV
2023
$779K
General support for programs, operations and other charitable purposes
2023
$733K
UNRESTRICTED CONTRIBUTION
2023
$373K
EDUCATIONAL SUCCESS
2023
$315K
CHARITABLE DONATION
2023
$302K
EDUCATIONAL
2023
$267K
General operating support
2023
$258K
EDUCATION SUPPORT
2023
$212K
EDUCATIONAL
2023
$201K
DONOR-ADVISED, EDUCATION
2023
$185K
GENERAL SUPPORT
2023
$165K
UNRESTRICTED GENERAL SUPPORT
2023
$147K
CHARITABLE DONATION
2023
$134K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$133K
FOR MISC. EDUCATIONAL FUNDS AND SCHOLARSHIPS
2023
$125K
ENDOWED SCHOLARSHIP FUND
2023
$113K
MATCHING GIFTS
2023
$111K
CLARK SCHOLARS PROGRAM
2023
$110K
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2023
$105K
DONATION
2023
$100K
SINGLE ORGANIZATION SUPPORT
2023
$100K
Power and Energy Center
2023
$99K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$95K
Competitive Shooting
2023
$89K
PROGRAM SUPPORT
2023
$84K
MATCHING GIFTS
2023
$75K
DEVELOPE & PILOT A PACKAGE OF RESOURCES FOR EARLY CHILDHOOD CARE AND CENTER DIRECTORS
2023
$75K
GENERAL SUPPORT
2023
$75K
TO SUPPORT THE FAMILY FOCUS PROGRAM
2023
$75K
GENERAL SUPPORT
2023
$75K
SUB-AWARD
2023
$70K
TO FURTHER CHARITABLE PURPOSE
2023
$70K
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
2023
$68K
GENERAL OPERATING
2023
$62K
GENERAL SUPPORT
2023
$60K
ABS 2023 Scholarships for tuition and books.
2023
$60K
SUPPORTS ENDOWMENT FOR FAIRFAX COUNTY 4-H LIVESTOCK PROGRAM
2023
$50K
FOR HOLDEN HALL RENOVATIONS
2023
$50K
UNRESTRICTED
2023
$50K
GENERAL OPERATING
2023
$50K
GENERAL SUPPORT
2023
$47K
EDUCATION
2023
$46K
EDUCATION PROMOTION
2023
$43K
General & Unrestricted
2023
$42K
AMERICAN KESTREL PRO
2023
$41K
PROMOTING AGRICULTURE
2023
$38K
SUBCONTRACT GRANT
2023
$36K
TO SUPPORT BUSINESS IT MAJORS & PAMPLIN COLLEGE
2023
$32K
EDUCATION
2023
$31K
DONATION FOR VA/MD REGIONAL COLLEGE OF VETERINARY MEDICINE
2023
$30K
FURTHERANCE OF CHARITABLE PURPOSES
2023
$30K
UNRESTRICTED GENERAL
2023
$30K
GENERAL OPERATING
2023
$25K
Program Support
2023
$25K
GENERAL SUPPORT
2023
$25K
EDUCATIONAL PROGRAMS & OTHER STUDENT SVC
2023
$24K
TO PROVIDE FINANCIAL SUPPORT
2023
$23K
TO FUND YOUTH SHOOTING SPORTS
2023
$21K
Donation of 250 shares of common Class A shares of Triton Int'l Ltd TRTN. Support of student scholarships and mechanical engineering student programs.
2023
$20K
GENERAL SUPPORT
2023
$20K
Support for the Virginia Tech Manufacturing Academy
2023
$20K
GENERAL SUPPORT
2023
$20K
GENERAL OPERATIONS
2023
$20K
To further charitable cause
2023
$20K
IN SUPPORT OF THE JACKSON PIEDMONT BLUES FESTIVAL.
2023
$20K
GENERAL PURPOSE
2023
$17K
UNIVERSITIES
2023
$16K
OPERATIONS
2023
$16K
UNDERGRADUATE IMMERSION TRAVEL
2023
$16K
SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION
2023
$15K
UNRESTRICTED GENERAL SUPPORT
2023
$15K
FOR WVTF MUSIC, HAHN HORTICULTURE GARDEN, SCHOLARSHIP FUNDS, PUBLIC RADIO, 4-H PROGRAMS, SCHOOL OF ENGINEERING, GERMAN CLUB ALUMNI FOUNDATION
2023
$13K
EDUCATIONAL PURPOSES
2023
$12K
EDUCATIONAL
2023
$12K
OTHER CIVIC / COMMUNITY
2023
$10K
RESEARCH GRANT
2023
$10K
GENERAL SUPPORT
2023
$10K
YOUTH EDUCATION - INSPIRE EXCELLENCE ACADEMY SUPPORT
2023
$10K
PROGRAMATIC SUPPORT
2023
$10K
PUBLIC CHARITY
2023
$10K
Grant funds will be used to support the purchase of program equipment and materials for 4-H groups across Pulaski County.
2023
$10K
The Market of Virginia Tech
2023
$10K
Virginia Tech Food Science & Technology - Professional Development Support for Graduate Students
2023

Funded by

$154.0M from 291 funders · 994 grants · 2017–2024

Red Gates Foundation

$22.5M · 2 grants · 2023–2024

Fidelity Investments Charitable Gift Fund

$17.4M · 8 grants · 2017–2023

Donor Advised Charitable Giving Inc

$13.1M · 7 grants · 2017–2023

The Hitt Family Foundation Inc

$11.9M · 4 grants · 2018–2024

Horace G Fralin Charitable Trust

$9.2M · 4 grants · 2020–2024

The Ayco Charitable Foundation

$6.7M · 5 grants · 2019–2024

National Philanthropic Trust

$5.4M · 6 grants · 2017–2023

Virginia Tech Services Inc

$5.3M · 6 grants · 2018–2023

Details

EIN540721690
NTEE codeB110
Subsection03
Ruling date1949-02
Formed1948
Employees88
Volunteers32
VIRGINIA TECH FOUNDATION INC — Mission, Financials & Grants Received | Grantivo