Virginia Tech Foundation Inc
Virginia Tech Foundation, inc. (VTF) is a Virginia nonstock corporation established in 1948 for the sole purpose of managing Virginia tech's endowment to advance Virginia tech's mission and its strategic priorities.
Virginia Tech Foundation Inc at a glance
In short: Virginia Tech Foundation Inc gave $121.2M across 5 grants in 2025 (avg $24.2M), mostly in Virginia. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $121,215,264
- +24.7% vs 2024
- Grants made (2025)
- 5
- -16.7% vs 2024
- Average grant
- $24,243,053
- +49.7% vs 2024
- Median grant
- $50,000
- Total assets
- $3,143,485,820
- +3.5% vs 2024
- Primary geography
- Virginia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Virginia Tech Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Virginia Polytechnic Institute & State University ($81.8M). Together the top 4 received $82.0M.
Organizations only. It also paid 1 individual scholarship ($39,235,005), which are not listed by name.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was $5M or more: 8 grants of 14 (57%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How Virginia Tech Foundation Inc gives
- Giving grew 233% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $30.7M (2019) to $121.2M (2025). In 2025 it made 5 grants totaling $121.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Virginia Polytechnic Institute & State University Blacksburg, VA | Department Programs | $81,830,259 |
| 1 individual scholarship Recipients not named | — | $39,235,005 |
| Azcms Cares Foundation Cottonwood, AZ | General Support (DAF) | $50,000 |
| Community United Methodist Church Bowie, AZ | General Support (DAF) | $50,000 |
| World Central Kitchen Incorporated Washington, DC | General Support (DAF) | $50,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $3,143,485,820 | $245,697,159 | $205,689,294 | $121,215,264 | 5 | $64,673,138 |
| 2024 | $3,036,393,497 | $293,759,159 | $182,640,214 | $97,175,150 | 6 | $88,127,578 |
| 2023 | $2,846,142,047 | $222,260,777 | $169,496,379 | $39,513,978 | 1 | $40,087,191 |
| 2022 | $2,672,087,433 | $317,072,936 | $201,452,391 | $36,381,353 | 1 | $75,971,891 |
| 2021 | $2,705,348,340 | $338,678,106 | $114,591,621 | $32,774,808 | 1 | $129,580,147 |
| 2020 | $2,253,132,781 | $221,999,686 | $139,214,097 | $33,633,985 | 1 | $23,338,575 |
| 2019 | $2,098,062,269 | $233,401,085 | $131,820,737 | $30,678,376 | 1 | $59,939,742 |
About Virginia Tech Foundation Inc
Based on IRS filings
Virginia Tech Foundation Inc is a public charity focused on Education, based in Blacksburg, VA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $3.1B in total assets. In 2025, it awarded 5 grants totaling $121.2M. Net investment income was $64.7M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Virginia Tech Foundation Inc is led by Elizabeth A. McClanahan, Chief Executive Officer on every filing since 2022; 12 of 54 officers listed in 2025 are compensated.
Officers on the 2025 filing
Elizabeth A. McClanahan
Chief Executive Officer
On filings since 2022
30 hrs/week
$300K (2022) → $868K (2025)
William N. Park
Chair
Vice Chair → Vc & Chair, 2024
Vc & Chair → Chair, 2025
On filings since 2020
2 hrs/week
No compensation reported
James Ford
Managing Director of It
Director of Information Systems → Director of It, 2024
Director of It → Managing Director of It, 2025
On filings since 2020
40 hrs/week
$121K (2020) → $183K (2025)
Margaret Millhiser
Managing Director - Investments
New on the 2025 filing
40 hrs/week
$370K (2025)
John E. Dooley
Former CEO & Sa Vt Athletic Director
CEO & Secretary Treasurer → CEO, 2021
CEO → Former CEO & Sa Vt Athletic Director, 2024
On filings since 2019
$402K (2019) → $144K (2025)
Mary Yolanda Trigiani
Cso. & Director External Relations
Managing Director of Planning → Cso. & Director External Relations, 2025
On filings since 2024
40 hrs/week
$146K (2024) → $169K (2025)
Tammy Costigan
Controller
Assistant Controller → Controller, 2024
On filings since 2019
40 hrs/week
$117K (2019) → $182K (2025)
Terri T. Mitchell
Former Secretary
Secretary → Assistant Secretary, 2024
Assistant Secretary → Former Secretary, 2025
On filings since 2019
38 hrs/week
$218K (2019) → $522K (2025)
Anne B. Keeler
CFO & Treasurer
On filings since 2024
38 hrs/week
$192K (2024) → $360K (2025)
David Greenberg
Chief Investment Officer
Chief Invesment Officer → Chief Investment Officer, 2025
On filings since 2024
40 hrs/week
$921K (2024) → $1.5M (2025)
Kenneth S. Smith
COO & Secretary
COO → COO & Secretary, 2025
On filings since 2024
38 hrs/week
$110K (2024) → $307K (2025)
Karen Cook - Board Manager
Ass. Secretary
New on the 2025 filing
38 hrs/week
$103K (2025)
Louie Vuong
Investment Manager
New on the 2025 filing
40 hrs/week
$406K (2025)
Charles D. Phlegar
Board Member - Executive Officio
Executive Vice President → Board Member-Ex Officio, 2023
Board Member-Ex Officio → Board Member - Executive Officio, 2025
On filings since 2019
2 hrs/week
No compensation reported
Gregory C. Godsey
Board Member
On filings since 2019
2 hrs/week
No compensation reported
Marty Muscatello
Board Member
On filings since 2019
2 hrs/week
No compensation reported
Omar M. Asali
Board Member
On filings since 2019
2 hrs/week
No compensation reported
Richard Richie R. Whitt III
III - Board Member
Board Member → III - Board Member, 2025
On filings since 2019
2 hrs/week
No compensation reported
Roger H. Moore
Board Member
On filings since 2019
2 hrs/week
No compensation reported
Timothy D. Sands
Board Member- Executive Officio
Board Member → Board Member-Ex Officio, 2023
Board Member-Ex Officio → Board Member- Executive Officio, 2025
On filings since 2019
2 hrs/week
No compensation reported
Donald B. Don Halliwill
Board Member
On filings since 2020
2 hrs/week
No compensation reported
Shirish S. Sathaye
Board Member
On filings since 2020
2 hrs/week
No compensation reported
Gregory Greg C. Thompson
Vice Chair
Board Member → Vice Chair, 2025
On filings since 2021
2 hrs/week
No compensation reported
J. Ryan Lingerfelt
Board Member
On filings since 2021
2 hrs/week
No compensation reported
James Jim N. Strawbridge
Board Member
On filings since 2021
2 hrs/week
No compensation reported
Laila N. Rossi
Board Member
On filings since 2021
2 hrs/week
No compensation reported
Christopher M. Quillen
Board Member
On filings since 2022
2 hrs/week
No compensation reported
J. Benjamin Ben Doughtie
Board Member
On filings since 2022
2 hrs/week
No compensation reported
Traci J. Deshazor
Board Member
On filings since 2022
2 hrs/week
No compensation reported
Amy S. Sebring
Board Member - Executive Officio
Board Member-Ex Officio → Board Member - Executive Officio, 2025
On filings since 2023
2 hrs/week
No compensation reported
Edward H. Ed Baine
Board Member
On filings since 2023
2 hrs/week
No compensation reported
Nathan T. Lavinka
Board Member
Board Member-Ex Officio → Board Member, 2025
On filings since 2023
2 hrs/week
No compensation reported
Stephen T. Steve Mason
Board Member
On filings since 2023
2 hrs/week
No compensation reported
Adela Skenderasi
Board Member
On filings since 2024
2 hrs/week
No compensation reported
Bruce W. Tyler
Board Member
On filings since 2024
2 hrs/week
No compensation reported
David S. Dave Cooper Jr.
Board Member
On filings since 2024
2 hrs/week
No compensation reported
Hema S. Sanghani
Board Member
On filings since 2024
2 hrs/week
No compensation reported
James A. Rosenstock III
III - Board Member
Board Member → III - Board Member, 2025
On filings since 2024
2 hrs/week
No compensation reported
John T. Thompson
Board Member
On filings since 2024
2 hrs/week
No compensation reported
Margaret L. Wickes
Board Member
On filings since 2024
2 hrs/week
No compensation reported
Michael E. Mike Melo
Board Member
On filings since 2024
2 hrs/week
No compensation reported
William Lake Wagner
Board Member
On filings since 2024
2 hrs/week
No compensation reported
Catherine Cathy
Papoulias-Sakellaris - Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Charles Rowell
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Christopher W. Chris
Shean - Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Cyril R. Clarke - Director
Vt Vice President & Provost
New on the 2025 filing
2 hrs/week
No compensation reported
Dwyn Taylor - Board Member
Vt Vice President for Facilities
New on the 2025 filing
2 hrs/week
No compensation reported
Jacqueline Jackie L.
Archer - Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Jane Rathbone
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Jane West
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Jonathan Hill
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Keith Stemple
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Shirley Edwards
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Tracy Castle-Newman
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Former officers (50)
- Former: Christopher J. Brightman (2019–2024) — Board Member
- Former: Daniel Ward (2019–2024) — Former Assistant Vice President & CIO Endowmment
- Former: Kevin T. Crofton (2019–2024) — Board Member
- Former: Renae C. Pearson (2019–2024) — Board Member
- Former: Starlette B. Johnson (2019–2024) — Chair
- Former: Jacqueline Jackie L. Archer (2021–2024) — Board Member
- Former: Chris Kiwus (2022–2024) — Board Member-Ex Officio
- Former: Christopher W. Shean (2022–2024) — Board Member
- Former: James G. Jim Petrine (2023–2024) — Board Member
- Former: Carrie Woodring (2024) — Director of Real Estate
- Former: Catherine Papoulias-Sakel (2024) — Board Member
- Former: Janet Tuckwiller (2024) — Senior Associate General Counsel
- Former: Robert Bob Broyden (2024) — Board Member-Ex Officio
- Former: Catherine Potter (2019–2023) — Assistant Vice President & General Counsel-Term. Jan.
- Former: John J. Cusimano (2019–2023) — Assistant Vice President - Term. July
- Former: Margaret L. Callahan (2020–2023) — Board Member
- Former: Commander Michael E. Melo (2022–2023) — Board Member
- Former: Letitia A. Long (2022–2023) — Board Member-Ex Officio
- Former: Sumeet V. Singh (2022–2023) — Board Member
- Former: W. Lake Wagner (2023) — Board Member
- Former: Bryan H. Boehling (2019–2022) — Investment Manager
- Former: Dwayne L. Pinkney (2019–2022) — Executive Vice President
- Former: Ebenhard Stoddard (2019–2022) — Investment Manager
- Former: Fay H. Street (2019–2022) — Board Member
- Former: Jay S. Poole (2019–2022) — Board Member
- Former: John C. Fernando (2019–2022) — Board Member
- Former: Ryan D. Lewellyn (2019–2022) — Board Member
- Former: Sandra C. Davis (2019–2022) — Board Member
- Former: Benjamin Z. Stallings (2020–2022) — Board Member
- Former: Deseria Creighton-Barney (2020–2022) — Board Member
- Former: John C. Asbury (2020–2022) — Board Member
- Former: Deborah A. Koller (2019–2021) — Board Member
- Former: Jeffrey C. Hartman (2019–2021) — Board Member
- Former: Nancy R. Little (2019–2021) — Board Member
- Former: Priscilla McCall (2019–2021) — Board Member
- Former: William Hanson West Jr. (2019–2021) — Chairman
- Former: Horacio A. Valeiras (2020–2021) — Board Member
- Former: David Marone (2021) — Financial Analyst
- Former: Justice Elizabeth McClanahan (2021) — CEO
- Former: Michael Walsh (2021) — Assistant Treasurer
- Former: Amy B. Hayes (2019–2020) — Board Member
- Former: Brandon D. Perry (2019–2020) — Board Member
- Former: Gregory J. Herrema (2019–2020) — Board Member
- Former: Karen Bolling (2019–2020) — Director of Internal Audit
- Former: Robert D. Moser Jr. (2019–2020) — Board Member
- Former: Dennis H. Treacy (2019) — Board Member
- Former: John C. Lee IV (2019) — Board Member
- Former: Mark S. Lawrence (2019) — Board Member
- Former: Nancy H. Agee (2019) — Board Member
- Former: Winston A. Samuels (2019) — Board Member
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $1.5M, to Mr David Greenberg (Chief Investment Officer). 12 officers or directors reported compensation on that filing.
Frequently asked questions about Virginia Tech Foundation Inc
How much does Virginia Tech Foundation Inc give each year?
Virginia Tech Foundation Inc gave $121.2M across 5 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $97.2M across 6 grants.
What is Virginia Tech Foundation Inc's typical grant size?
Virginia Tech Foundation Inc's median grant in 2025 was $50,000, and its average grant was $24,243,053, across 5 grants on its 2025 IRS Form 990.
Where does Virginia Tech Foundation Inc give grants?
Virginia Tech Foundation Inc gives mostly in Virginia: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there.
Does Virginia Tech Foundation Inc give general operating support?
Yes: 60% of Virginia Tech Foundation Inc's 2025 grants with a stated purpose (3 of 5) were for general or operating support, per its 2025 IRS Form 990.
Who are Virginia Tech Foundation Inc's largest grantees?
Virginia Tech Foundation Inc's largest 2025 grantees include Virginia Polytechnic Institute & State University ($81,830,259), Azcms Cares Foundation ($50,000) and Community United Methodist Church ($50,000), according to its 2025 IRS Form 990. It also paid 1 individual scholarship ($39,235,005), which are not listed by name. Together they received 68% of its itemized 2025 grant dollars.
How large is Virginia Tech Foundation Inc?
Virginia Tech Foundation Inc reported $3.1B in total assets on its 2025 IRS Form 990. Its revenue that year was $245.7M.
What is Virginia Tech Foundation Inc?
Virginia Tech Foundation Inc is a public charity focused on Education, based in Blacksburg, VA. It holds $3.1B in total assets as of 2025.
What is Virginia Tech Foundation Inc's EIN?
Virginia Tech Foundation Inc's EIN (Employer Identification Number) is 54-0721690. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 16, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990 for fiscal year 2019 (received by the IRS May 14, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS June 17, 2026)
- IRS filings on file for fiscal years 2020–2024
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Virginia Tech Foundation Inc down — hundreds of funders to go?