VIRGINIA TECH FOUNDATION, INC. (VTF) IS A NONSTOCK CORPORATION ESTABLISHED IN 1948 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 (SEE SCHEDULE O) GOVERNING BOARD MANAGING, INVESTING, AND DISTRIBUTING PRIVATE RESOURCES TO ADVANCE VIRGINIA TECH'S MISSION AND ITS STRATEGIC PROPRIETIES.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.0B
+6.7% YoY
Annual Giving
$97.2M
+145.9% YoY
Grant Count
6
+500.0% YoY
Avg Grant Size
$16.2M
-59.0% YoY
About Virginia Tech Foundation Inc
Based on IRS filings
Virginia Tech Foundation Inc is a nonprofit organization focused on Education, based in BLACKSBURG, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.0B in total assets. In 2024, it awarded 6 grants totaling $97.2M. Net investment income was $88.1M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,036,393,497 | $2,846,142,047 | $2,672,087,433 |
| Revenue | $293,759,159 | $222,260,777 | $317,072,936 |
| Expenses | $182,640,214 | $169,496,379 | $201,452,391 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $88,127,578 | $40,087,191 | $75,971,891 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Virginia Polytechnic Institute & State University ($44,855,081), Virginia Polytechnic Institute & State University ($31,276,162), Virginia Polytechnic Institute & State University ($20,913,907).
| Recipient | Purpose | Amount |
|---|---|---|
| VIRGINIA POLYTECHNIC INSTITUTE & STATE UNIVERSITY BLACKBURG, VA | DEPARTMENT PROGRAMS | $20,913,907 |
| VIRGINIA POLYTECHNIC INSTITUTE & STATE UNIVERSITY BLACKBURG, VA | UNIVERSITY SALARIES | $31,276,162 |
| AZCMS CARES FOUNDATION COTTONWOOD, AZ | GENERAL SUPPORT (DAF) | $30,000 |
| FORDHAM UNIVERSITY BRONX, NY | GENERAL SUPPORT (DAF) | $10,000 |
| COMMUNITY UNITED METHODIST CHURCH BOWIE, AZ | GENERAL SUPPORT (DAF) | $90,000 |
| VIRGINIA POLYTECHNIC INSTITUTE & STATE UNIVERSITY BLACKBURG, VA | SCHOLARSHIP | $44,855,081 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MR CHARLES D PHLEGAR | BOARD MEMBER-EX OFFICIO | 2 | — |
| DR TIMOTHY D SANDS | BOARD MEMBER-EX OFFICIO | 2 | — |
| DR AMY S SEBRING | BOARD MEMBER-EX OFFICIO | 2 | — |
| MS STARLETTE B JOHNSON | CHAIR (THRU 09/2023) | 2 | — |
| MR WILLIAM N PARK | VC (THRU 9/23); CHAIR (AS OF 9/23) | 2 | — |
| MS JACQUELINE L ARCHER | BOARD MEMBER | 2 | — |
| MR OMAR M ASALI | BOARD MEMBER | 2 | — |
| MR EDWARD H ED BAINE | BOARD MEMBER | 2 | — |
| MR CHRISTOPHER J BRIGHTMAN | BOARD MEMBER (THRU 09/2023) | 2 | — |
| MR ROBERT BOB BROYDEN | BOARD MEMBER-EX OFFICIO(AS OF 11/23) | 2 | — |
| MS MARGARET L WICKES | BOARD MEMBER | 2 | — |
| MR DAVID S DAVE COOPER JR | BOARD MEMBER (AS OF 09/2023) | 2 | — |
| MR KEVIN T CROFTON | BOARD MEMBER (THRU 09/2023) | 2 | — |
| MS TRACI J DESHAZOR | BOARD MEMBER | 2 | — |
| MR J BENJAMIN BEN DOUGHTIE | BOARD MEMBER | 2 | — |
| MR GREGORY C GODSEY | BOARD MEMBER | 2 | — |
| MR DONALD B DON HALLIWILL | BOARD MEMBER | 2 | — |
| MR CHRIS KIWUS | BOARD MEMBER-EX OFFICIO (THRU 11/23) | 2 | — |
| MR NATHAN T LAVINKA | BOARD MEMBER-EX OFFICIO | 2 | — |
| MR J RYAN LINGERFELT | BOARD MEMBER | 2 | — |
| MR STEPHEN T MASON | BOARD MEMBER | 2 | — |
| MR MICHAEL E MIKE MELO | BOARD MEMBER | 2 | — |
| MR ROGER H MOORE | BOARD MEMBER | 2 | — |
| MR MARTY MUSCATELLO | BOARD MEMBER | 2 | — |
| MS CATHERINE PAPOULIAS-SAKEL | BOARD MEMBER (AS OF 09/2023) | 2 | — |
| MS RENAE C PEARSON | BOARD MEMBER (THRU 09/2023) | 2 | — |
| MR JAMES G JIM PETRINE | BOARD MEMBER | 2 | — |
| MR CHRISTOPHER M QUILLEN | BOARD MEMBER | 2 | — |
| MR JAMES A ROSENSTOCK III | BOARD MEMBER (AS OF 09/2023) | 2 | — |
| MS LAILA N ROSSI | BOARD MEMBER | 2 | — |
| MS HEMA S SANGHANI | BOARD MEMBER (AS OF 09/2023) | 2 | — |
| MS SHIRISH S SATHAYE | BOARD MEMBER | 2 | — |
| MR CHRISTOPHER W SHEAN | BOARD MEMBER | 2 | — |
| MS ADELA SKENDERASI | BOARD MEMBER (AS OF 09/2023) | 2 | — |
| MR JAMES N STRAWBRIDGE | BOARD MEMBER | 2 | — |
| MR GREGORY C THOMPSON | BOARD MEMBER | 2 | — |
| MR JOHN T THOMPSON | BOARD MEMBER (AS OF 09/2023) | 2 | — |
| MR BRUCE W TYLER | BOARD MEMBER (AS OF 09/2023) | 2 | — |
| MR WILLIAM LAKE WAGNER | BOARD MEMBER | 2 | — |
| MR RICHARD R WHITT III | BOARD MEMBER | 2 | — |
| MR KENNETH S SMITH | COO (AS 08/2023) | 38 | $110,207 |
| ELIZABETH A MCCLANAHAN | CHIEF EXECUTIVE OFFICER | 30 | $669,577 |
| MS TERRI T MITCHELL | ASSISTANT SECRETARY (AS OF 09/2023) | 38 | $269,127 |
| MS ANNE B KEELER | CFO & TREASURER | 38 | $191,923 |
| MR DAVID GREENBERG | CHIEF INVESMENT OFFICER | 40 | $921,129 |
| MS TAMMY COSTIGAN | CONTROLLER | 40 | $178,108 |
| MS CARRIE WOODRING | DIRECTOR OF REAL ESTATE | 40 | $151,416 |
| MS MARY YOLANDA TRIGIANI | MANAGING DIRECTOR OF PLANNING | 40 | $145,826 |
| MS JANET TUCKWILLER | SENIOR ASSOCIATE GENERAL COUNSEL | 40 | $144,336 |
| MR JAMES FORD | DIRECTOR OF IT | 40 | $170,661 |
| DR JOHN DOOLEY | FORMER CEO; SA VT ATHLETIC DIR | — | $146,962 |
| MR DANIEL WARD | FORMER AVP/CIO ENDOWMMENT | — | $1,359,544 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Virginia Tech Foundation Inc?
Virginia Tech Foundation Inc is a nonprofit organization focused on Education, based in BLACKSBURG, VA. It holds $3.0B in total assets as of 2024.
How large is Virginia Tech Foundation Inc?
As of 2024, Virginia Tech Foundation Inc holds $3.0B in total assets with $293.8M in annual revenue. It awarded 6 grants totaling $97.2M in 2024.
Where does Virginia Tech Foundation Inc operate?
Virginia Tech Foundation Inc has awarded grants in Arizona, New York, Virginia.
What size grants does Virginia Tech Foundation Inc award?
In 2024, Virginia Tech Foundation Inc awarded 6 grants totaling $97.2M — an average of about $16.2M per grant, based on its IRS Form 990 filings.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Virginia Tech Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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