Overview
What is Virginia Tech Foundation Inc?
Virginia Tech Foundation Inc is a nonprofit organization based in Blacksburg, Virginia, with an address at 902 Prices Fork Road 4000. The organization's primary mission is to generate funding from private sources and manage assets to supplement state appropriations, tuition, and other sources of funds for Virginia Tech. The Foundation provides financial assistance to students, additional operating support to colleges and departments, assists in funding major building projects, and offers seed capital for new university initiatives. Additionally, it manages Virginia Tech's endowment and deploys capital in ways that benefit both the university and its regions. The Foundation currently employs 76 individuals in carrying out its mission.
Official website here: www.vtf.org
Is Virginia Tech Foundation Inc legitimate?
Virginia Tech Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Tech Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,195,325
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.vtf.org
What is the mission statement of Virginia Tech Foundation Inc?
The Virginia Tech Foundation Inc plays a crucial role in supporting the programs of Virginia Tech by managing and disbursing private gifts. Its mission goes beyond just receiving donations; it invests and manages private assets for the benefit of the university. The foundation's primary objective is to foster growth, progress, and general welfare at Virginia Tech by generating funding through private sources and managing assets effectively. It provides financial assistance to students, supplements operational funds for colleges and departments, and assists in funding major building projects. The Virginia Tech Foundation also manages the university's endowment and deploys capital in ways that serve both the interests of the university and its regions.
Official website here: www.vtf.org
Who is the CEO of Virginia Tech Foundation Inc?
Elizabeth A Mcclanahan is the Chair of Virginia Tech Foundation Inc. The CEO's salary of Virginia Tech Foundation Inc is $300,000 and their total compensation is $330,314.
Official website here: www.vtf.org
What is the revenue of Virginia Tech Foundation Inc?
Who are the executives of Virginia Tech Foundation Inc and what are their salaries?
The average compensation at Virginia Tech Foundation Inc during 2022 was $15,728. There are 76 employees at Virginia Tech Foundation Inc.
Here are 44 key members and their salaries (Virginia Tech Foundation Inc's CEO's salary is $300,000 and their total compensation is $330,314):
- Mr Charles D Phlegar (Executive Vice President) [Trustee/Director]
- Dr Timothy D Sands (Board Member) [Trustee/Director]
- Mr Daniel Ward (Cio Endowment)
- Dr Dwayne L Pinkney (Executive Vice President) [Trustee/Director]
- Mr Chris Kiwus (Executive Vice President) [Trustee/Director]
- Elizabeth A Mcclanahan (Chief Executive Officer)
- Mr John J Cusimano (Treasurer)
- Ms Terri T Mitchell (Secretary) [Trustee/Director]
- Mr Ebenhard Stoddard (Investment Manager)
- Mr Bryan H Boehling (Investment Manager)
- Ms Catherine Potter (Assoc Vp/General Counsel)
- Ms Starlette B Johnson (Chair) [Trustee/Director]
- Mr John C Asbury (Board Member) [Trustee/Director]
- Mr Omar M Asali (Board Member) [Trustee/Director]
- Mr Christopher J Brightman (Board Member) [Trustee/Director]
- Ms Margaret L Callahan (Board Member) [Trustee/Director]
- Ms Deseria Creighton-Barney (Board Member) [Trustee/Director]
- Mr Kevin T Crofton (Board Member) [Trustee/Director]
- Mr John C Fernando (Board Member) [Trustee/Director]
- Mr Gregory C Godsey (Board Member) [Trustee/Director]
- Mr Donald Don B Halliwill (Board Member) [Trustee/Director]
- Ms Sandra C Davis (Board Member) [Trustee/Director]
- Ms Traci J Deshazor (Board Member) [Trustee/Director]
- Mr J Benjamin Doughtie (Board Member) [Trustee/Director]
- Mr Ryan D Lewellyn (Board Member) [Trustee/Director]
- Ms Letitia A Long (Board Member) [Trustee/Director]
- Commander Michael E Melo (Board Member) [Trustee/Director]
- Mr Roger H Moore (Board Member) [Trustee/Director]
- Mr Marty Muscatello (Board Member) [Trustee/Director]
- Mr William N Park (Board Member) [Trustee/Director]
- Ms Renae C Pearson (Board Member) [Trustee/Director]
- Mr Jay S Poole (Board Member) [Trustee/Director]
- Ms Shirish S Sathaye (Board Member) [Trustee/Director]
- Mr Benjamin Z Stallings (Board Member) [Trustee/Director]
- Ms Fay H Street (Board Member) [Trustee/Director]
- Mr Christopher M Quillen (Board Member) [Trustee/Director]
- Mr Richard Richie R Whitt Iii (Board Member) [Trustee/Director]
- Ms Jacqueline Jackie L Archer (Board Member) [Trustee/Director]
- Mr J Ryan Lingerfelt (Board Member) [Trustee/Director]
- Ms Laila N Rossi (Board Member) [Trustee/Director]
- Mr James Jim N Strawbridge (Board Member) [Trustee/Director]
- Mr Gregory Greg C Thompson (Board Member) [Trustee/Director]
- Mr Christopher W Shean (Board Member) [Trustee/Director]
- Mr Sumeet V Singh (Board Member) [Trustee/Director]
Official website here: www.vtf.org
Where can I find the form 990 for Virginia Tech Foundation Inc?
The Virginia Tech Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.vtf.org
Learn more at the official website: www.vtf.org
Mission Statement of Virginia Tech Foundation Inc
Virginia Tech Foundation Inc is a dedicated organization that plays a crucial role in supporting the programs and growth of Virginia Tech. The foundation's mission revolves around receiving, investing, and managing private assets for the benefit of the university. By doing so, it supplements state appropriations, tuition, and other sources of funding, allowing Virginia Tech to thrive.
The Virginia Tech Foundation actively generates financing from private donors and aggressively manages its assets. This financial assistance is then disbursed to students in the form of scholarships, as well as to colleges and departments for additional operating support. The foundation also contributes to the funding of major building projects and seeds new university initiatives with capital. In addition, it initiates significant projects as requested by the university.
Beyond financial assistance, the Virginia Tech Foundation manages the university's endowment. It deploys capital in ways that serve the interests not only of Virginia Tech but also of its regions. Through these efforts, the foundation fosters and promotes the growth, progress, and general welfare of the university.
Impact
This information is meant to be a general summary of Virginia Tech Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Virginia Tech Foundation Inc's impact lies in its crucial role in supporting the programs of Virginia Tech through the receipt, management, and disbursement of private gifts. By generating funding from private sources and effectively managing its assets, the foundation supplements state appropriations, tuition, and other funding sources to provide financial assistance to students, additional operational support to colleges and departments, funding for major building projects, seed capital for new university initiatives, and initiation of significant projects as requested by the university.
Furthermore, the foundation plays a key role in managing Virginia Tech's endowment, deploying capital in ways that not only benefit the university but also its surrounding regions. Overall, Virginia Tech Foundation Inc's efforts significantly contribute to the growth, progress, and general welfare of Virginia Tech, making a tangible impact on education and research in the region.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GRANTS & CONTRACTS WVTF
Revenue
$8,403,578
DEVELOPMENT & MANAGEMENT ENDOWMEN
Revenue
$6,141,885
MISC REVENUES
Revenue
$5,518,067
AFFILIATE MEMBERSHIP PROGRAM
Revenue
$4,328,019
SALES
Revenue
$1,283,140
Organization Details
Founding Year
1948
Phone
(540) 231-5751
Principal Officer
Elizabeth A Mcclanahan
Main Address
902 PRICES FORK ROAD 4000, BLACKSBURG, VA, 24061
Website
www.vtf.org
NTEE Category
Code: B43 - Education
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