Virginia Tech Foundation Inc

Virginia Tech Foundation Inc Overview

Virginia Tech Foundation Inc is located in Blacksburg, VA. The organization was established in 1949. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2020, Virginia Tech Foundation Inc employed 125 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2020, Virginia Tech Foundation Inc generated $222.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $139.2m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION RECEIVES, MANAGES, AND DISBURSES PRIVATE GIFTS IN SUPPORT OF PROGRAMS AT VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY (VIRGINIA TECH).

Describe the Organization's Program Activity:

Part 3 - Line 4a

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. IN ADDITION, THE FOUNDATION MANAGES VIRGINIA TECH'S ENDOWMENT. THE FOUNDATION DEPLOYS CAPITAL IN WAYS THAT SERVE THE INTERESTS NOT ONLY OF THE UNIVERSITY, BUT ALSO OF ITS REGIONS.


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. IN ADDITION, THE FOUNDATION MANAGES VIRGINIA TECH'S ENDOWMENT. THE FOUNDATION DEPLOYS CAPITAL IN WAYS THAT SERVE THE INTERESTS NOT ONLY OF THE UNIVERSITY, BUT ALSO OF ITS REGIONS.


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Virginia Tech Foundation Inc Board, Officers & Key Employees

Virginia Tech Foundation Inc Vendors

Vendor Name (Service)Compensation
Avis Construction Company Inc
Construction
$7,097,041
E C Pace Company Inc
Construction
$1,330,843
Gj Hopkins Inc
Construction
$1,190,532
Cr Henderson Company Inc
Construction
$463,119
National Public Radio
Programming Fees
$406,560
Gj Hopkins Inc
Construction
$1,190,532
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$163,472,809
Noncash contributions included in lines 1a–1f $70,694,559
Total Revenue from Contributions, Gifts, Grants & Similar$163,472,809
Total Program Service Revenue$15,323,203
Investment income $18,880,227
Tax Exempt Bond Proceeds $61,835
Royalties $5,059
Net Rental Income $8,577,821
Net Gain/Loss on Asset Sales $4,396,513
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $26,722
Miscellaneous Revenue$0
Total Revenue $221,999,686

Virginia Tech Foundation Inc Grants Recieved

Over the last fiscal year, we have identified 21 grants that Virginia Tech Foundation Inc has recieved totaling $1,977,217.

Awarding OrganizationAmount
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$503,908
English Foundation-Trust

Altavista, VA

PURPOSE: UNRESTRICTED

$500,000
English Foundation-Trust

Altavista, VA

PURPOSE: UNRESTRICTED

$500,000
National 4-H Council

Chevy Chase, MD

|

$130,396
United Way Of The Greater Lehigh Valley

Allentown, PA

PURPOSE: DONOR DESIGNATED FOR GENERAL SUPPORT

$78,750
Hahn Foundation

Orlando, FL

PURPOSE: GENERAL OPERATING

$38,705
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,258,695,844
Earnings-$94,338,336
Admin Expense$27,042,989
Net Contributions$137,962,057
Other Expense$16,567,970
Grants$16,918,193
Ending Balance$1,241,790,413

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