VIRGINIA TECH FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

VIRGINIA TECH FOUNDATION INC

EIN 54-0721690 · Education (B110)

What they do

VIRGINIA TECH FOUNDATION, INC. (VTF) is A VIRGINIA NONSTOCK CORPORATION (SEE SCHEDULE O) ESTABLISHED IN 1948 for THE SOLE PURPOSE of MANAGING VIRGINIA TECHS ENDOWMENT. VTF ALSO MANAGES AN EXTENSIVE REAL ESTATE PORTFOLIO. VTF EXISTS and OPERATES AS A SEPARATE, INDEPENDENT ENTITY WITH ITS OWN OFFICERS and GOVERNING BOARD to MANAGE, INVEST, and DISTRIBUTE PRIVATE RESOURCES to ADVANCE VIRGINIA TECHS MISSION and ITS STRATEGIC PRIORITIES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $91.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders54 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

76.21%of revenue went to mission work91.0% of expenses · Program services

3.27%of revenue went to fundraising3.9% of expenses

$83.72spent for every $100 of revenueRevenue covered expenses this year.

4.24%of revenue went to management and office costs5.1% of expenses

$15.28in assets for every $1 spent this yearSome assets cannot be spent right away.

61.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $1,570,447 for MR DAVID GREENBERG (CHIEF INVESTMENT OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$245,697,159

Mission workProgram services$187,238,17176.21% of revenue91.0% of expenses

ManagementOffice and general costs$10,411,8014.24% of revenue5.1% of expenses

FundraisingAsking for donations$8,039,3223.27% of revenue3.9% of expenses

Revenue left after expensesReported annual surplus$40,007,86516.28% of revenueShown in gray on the chart

Total expenses$205,689,29483.72% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 91.0% mission · 5.1% management · 3.9% fundraisingTotal expenses: 83.72% of revenue

2023Expense mix: 86.4% mission · 8.7% management · 4.9% fundraisingTotal expenses: 62.17% of revenue

2022Expense mix: 78.9% mission · 9.7% management · 11.4% fundraisingTotal expenses: 76.26% of revenue

2021Expense mix: 83.3% mission · 8.3% management · 8.5% fundraisingTotal expenses: 63.54% of revenue

2020Expense mix: 75.8% mission · 14.3% management · 9.9% fundraisingTotal expenses: 33.83% of revenue

2019Expense mix: 79.8% mission · 9.7% management · 10.5% fundraisingTotal expenses: 62.71% of revenue

2018Expense mix: 79.5% mission · 9.8% management · 10.7% fundraisingTotal expenses: 56.48% of revenue

2017Expense mix: 82.3% mission · 8.5% management · 9.2% fundraisingTotal expenses: 60.12% of revenue

Money in and money out

Revenue$245,697,159

Expenses$205,689,294

Annual surplus $40,007,865 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$187,238,171 · 91.0% of expenses

Management and office costs$10,411,801 · 5.1% of expenses

Fundraising$8,039,322 · 3.9% of expenses

See all reported dollar amounts

Revenue$245,697,159

Expenses$205,689,294

Assets$3,143,485,820

Income$1,509,634,708

Contributions$150,941,016

Mission work (program services)$187,238,171

Fundraising$8,039,322

Grants given$512,588,178

Average grant$24,408,961

Management and general$10,411,801

Stocks and bonds$105,390,562

Accounting fees$243,206

Investing fees$6,769,990

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MR DAVID GREENBERGCHIEF INVESTMENT OFFICER · 40 hrs/week $1,570,447Base $1,494,627 · Other $75,820

ELIZABETH A MCCLANAHANCHIEF EXECUTIVE OFFICER · 30 hrs/week $912,041Base $868,291 · Other $43,750

MS TERRI T MITCHELLFORMER SECRETARY · 38 hrs/week $556,469Base $521,952 · Other $34,517

MR LOUIE VUONGINVESTMENT MANAGER · 40 hrs/week $462,034Base $405,983 · Other $56,051

MS MARGARET MILLHISERMANAGING DIRECTOR - INVESTMENTS · 40 hrs/week $447,791Base $370,378 · Other $77,413

MS ANNE KEELERCFO & TREASURER · 38 hrs/week $420,703Base $360,297 · Other $60,406

MR KENNETH S SMITHCOO & SECRETARY · 38 hrs/week $306,651

DR TIMOTHY D SANDSBOARD MEMBER- EX OFFICIO · 2 hrs/week $280,336Base · Other $280,336

MS TAMMY COSTIGANCONTROLLER · 40 hrs/week $240,439Base $181,523 · Other $58,916

MR JAMES FORDMANAGING DIRECTOR OF IT · 40 hrs/week $237,478Base $182,783 · Other $54,695

MS MARY YOLANDA TRIGIANICSO. & DIR. EXTERNAL RELATIONS · 40 hrs/week $195,888Base $169,378 · Other $26,510

DR AMY SEBRINGBOARD MEMBER - EX OFFICIO · 2 hrs/week $167,632Base · Other $167,632

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (54)

MR DAVID GREENBERGCHIEF INVESTMENT OFFICER

ELIZABETH A MCCLANAHANCHIEF EXECUTIVE OFFICER

MS TERRI T MITCHELLFORMER SECRETARY

MR LOUIE VUONGINVESTMENT MANAGER

MS MARGARET MILLHISERMANAGING DIRECTOR - INVESTMENTS

MS ANNE KEELERCFO & TREASURER

MR KENNETH S SMITHCOO & SECRETARY

DR TIMOTHY D SANDSBOARD MEMBER- EX OFFICIO

MS TAMMY COSTIGANCONTROLLER

MR JAMES FORDMANAGING DIRECTOR OF IT

MS MARY YOLANDA TRIGIANICSO. & DIR. EXTERNAL RELATIONS

DR AMY SEBRINGBOARD MEMBER - EX OFFICIO

MR CHARLES D PHLEGARBOARD MEMBER - EX OFFICIO

MS KAREN COOK - BOARD MANAGER& ASS. SECRETARY (AS OF 10/2024)

DR JOHN DOOLEYFORMER CEO; SA VT ATHLETIC DIR

CYRIL R CLARKE - DIRECTORVT VP AND PROVOST (AS OF 01/2025)

MR DWYN TAYLOR - BOARD MEMBERVT VP FOR FACILITIES(THRU 12/2024)

MR STEPHEN T STEVE MASONBOARD MEMBER

MR WILLIAM LAKE WAGNERBOARD MEMBER

MR WILLIAM N PARKCHAIR

MS ADELA SKENDERASIBOARD MEMBER

MS TRACY CASTLE-NEWMANBOARD MEMBER (AS OF 01/2025)

MR SHIRISH S SATHAYEBOARD MEMBER

MS CATHERINE CATHYPAPOULIAS-SAKELLARIS - BOARD MEMBER

MS HEMA S SANGHANIBOARD MEMBER

MS JACQUELINE JACKIE LARCHER - BOARD MEMBER

MS JANE RATHBONEBOARD MEMBER (AS OF 01/2025)

MS JANE WESTBOARD MEMBER (AS OF 07/2024)

MS LAILA N ROSSIBOARD MEMBER

MS MARGARET L WICKESBOARD MEMBER

MS SHIRLEY EDWARDSBOARD MEMBER (AS OF 01/2025)

MS TRACI J DESHAZORBOARD MEMBER

MR J RYAN LINGERFELTBOARD MEMBER

MR BRUCE W TYLERBOARD MEMBER

MR CHARLES ROWELLBOARD MEMBER (AS OF 01/2025)

MR CHRISTOPHER M QUILLENBOARD MEMBER

MR CHRISTOPHER W CHRISSHEAN - BOARD MEMBER

MR DAVID S DAVE COOPER JRBOARD MEMBER

MR DONALD B DON HALLIWILLBOARD MEMBER

MR EDWARD H ED BAINEBOARD MEMBER

MR GREGORY C GODSEYBOARD MEMBER (THRU 12/2024)

MR GREGORY GREG C THOMPSONVICE CHAIR

MR J BENJAMIN BEN DOUGHTIEBOARD MEMBER

MR ROGER H MOOREBOARD MEMBER (THRU 12/2024)

MR JAMES A JAY ROSENSTOCKIII - BOARD MEMBER

MR JAMES N STRAWBRIDGEBOARD MEMBER

MR JOHN T THOMPSONBOARD MEMBER

MR JONATHAN HILLBOARD MEMBER (AS OF 01/2025)

MR KEITH STEMPLEBOARD MEMBER (AS OF 07/2024)

MR MARTY MUSCATELLOBOARD MEMBER (THRU 12/2024)

MR MICHAEL E MIKE MELOBOARD MEMBER

MR NATHAN T LAVINKABOARD MEMBER (THRU 12/2024)

MR OMAR M ASALIBOARD MEMBER (THRU 12/2024)

MR RICHARD R RICHIE WHITTIII - BOARD MEMBER (THRU 12/2024)

About this charity

Recognized since: January 1949
Location: 902 PRICES FORK RD STE 4400, BLACKSBURG, VA 24060-6811
County: Montgomery
In care of: % DR JOHN E DOOLEY
Primary officer: ANNE KEELER, CFO

How to reach them

WebsiteVisit the charity’s website Phone(540) 231-5751

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: GRANT THORNTON ADVISORS LLC
NTEE classification: Education (B110)
Grant-giving organization: Yes

VIRGINIA TECH FOUNDATION INC

VIRGINIA TECH FOUNDATION INC

What they do

Should I give to this charity?

Basic facts we verified

Money made simple

Ask these three easy questions

Financial picture

How each $100 of revenue was used

Has the pattern changed?

Money in and money out

Reported spending amounts

Leadership and board

People reported as paid

About this charity

How to reach them

Filing and classification

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