Virginia Tech Foundation

Registered Name
Virginia Tech Foundation Inc
Tax ID
54-0721690

Overview

The Virginia Tech Foundation is a 501 nonprofit nonstock corporation established in 1948 to receive, manage, and disburse private gifts in support of Virginia Polytechnic Institute and State University programs. The purpose of the foundation is to manage private funds given for the support of the university, and to foster and promote the growth, progress and general welfare of the university. The Virginia Tech Foundation is governed by a 35-member Board of Directors and 4 ex-officio positions: the President of Virginia Tech, the Rector of the Board of Visitors, the President of the VT Alumni Association, and the President of the Virginia Tech Athletic Fund.

Source: Wikipedia

Financials

$132m
Annual Budget
June 2019
3% Loss
Program Spending
79%
Fundraising Spending
11%
Management Spending
10%

Programs

$112m

Virginia tech foundation supports the programs of virginia tech. The foundation does this by generating funding from private sources and aggressively managing its assets to supplement state appropriations, tuition, and other sources of funds. The foundation provides financial assistance to students, additional operating support to colleges and departments, assists in the funding of major building projects, provides seed capital for new university initiatives, and initiates major projects as requested by the university. For more information, see schedule o.

Leadership

Charles D. Phlegar Executive Vice President
M. Dwight Shelton Jr. Executive Vice President
Sandra C. Davis Chairman
Nancy H. Agee Board Member
Christopher J. Brightman Board Member
Kevin T. Crofton Board Member
Dr Amy B. Hayes Board Member
Gregory J. Herrema Board Member
Starlette B. Johnson Board Member
George B. Clarke Iv Board Member
Mark S. Lawrence Board Member
John C. Fernando Board Member
Theodore S. Hanson Board Member
Renae C. Pearson Board Member
Leonard P. Harris Board Member
Robert D. Moser Jr. Board Member
Ryan D. Lewellyn Board Member
Jeffrey C. Hartman Board Member
Nancy R. Little Board Member
Dennis H. Treacy Board Member
Brandon D. Perry Board Member
Fay H. Street Board Member
Winston A. Samuels Board Member
Deborah A. Koller Board Member
Dr Timothy D. Sands Board Member
Priscilla Mccall Board Member
James R. Smith Board Member
William Hanson West Jr. Board Member
John C. Lee Iv Board Member
Mary Blackwood Board Member
David L. Calhoun Board Member
Dennis A. Duncan Board Member
Darrell D. Martin Board Member
John R. Lawson Ii Board Member
James A. Pearson Board Member
John B. Roswell Board Member
John A. Urquhart Board Member
Dr John E. Dooley CEO and Secretary Treasurer
John Cusimano University Treasurer
Terri T. Mitchell Avp for Admin & Controller
Daniel Ward Director of Investments
Ebenhard Stoddard Senior Investment Analyst
Bryan Boehling Senior Investment Analyst
Kevin Sullivan Avp for Admin & Gen Counsel
Karen Bolling Director, Internal Audit
Tammy Costigan Assistant Controller
Source: IRS 990