VIRGINIA TECH FOUNDATION INC

EIN: 540721690 501(c)(3) Education

BLACKSBURG, VA

Total Revenue
$245,697,159
Total Expenses
$205,689,294
Total Assets
$3,143,485,820
Net Assets
$2,095,817,359
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
VA
Principal Officer
ELIZABETH A MCCLANAHAN
Phone
5402315751
Tax Period
2024-07-01 to 2025-06-30

VIRGINIA TECH FOUNDATION INC, founded in 1948, is a major nonprofit in the Education sector that reported $245.7M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $40.0M, a strong 16% operating margin.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $187,238,171 Revenue: $16,339,651

GUIDED BY A STRONG COMMITMENT TO FIDUCIARY RESPONSIBILITY, THE FOUNDATION RECEIVES, MANAGES, AND DISBURSES PRIVATE GIFTS TO ADVANCE THE MISSIONS OF VIRGINIA TECH. THE FOUNDATION STRIVES TO BE AN...

Read more

GUIDED BY A STRONG COMMITMENT TO FIDUCIARY RESPONSIBILITY, THE FOUNDATION RECEIVES, MANAGES, AND DISBURSES PRIVATE GIFTS TO ADVANCE THE MISSIONS OF VIRGINIA TECH. THE FOUNDATION STRIVES TO BE AN EXCEPTIONAL STEWARD OF THE ASSETS PROVIDED BY THE UNIVERSITY'S MANY GENEROUS DONORS, AND TO GROW AND LEVERAGE THOSE ASSETS TO THE FULLEST EXTENT TO ENABLE THE FORWARD PROGRESS OF THE UNIVERSITY AND ALL OF ITS CONSTITUENTS. ANCHORING A SOLID INVESTMENT IN THE FUTURE OF VIRGINIA TECH, ENDOWED GIFTS MAKE UP THE LARGEST PORTION OF THE FOUNDATION'S ASSETS. THE ENDOWMENT IS AN ACTIVELY MANAGED PORTFOLIO INCORPORATING DEEP FUNDAMENTAL ANALYSIS AND A VALUE-ORIENTED, GLOBAL APPROACH. COMPLEMENTING THE ENDOWMENT'S INVESTMENTS, THE FOUNDATION MANAGES AN EXTENSIVE REAL ESTATE PORTFOLIO. REAL ESTATE (SEE SCHEDULE O) ACQUISITIONS, CONSTRUCTION AND RENOVATION ARE DONE AT THE REQUEST OF THE UNIVERSITY AND REAL ESTATE GIFTS ARE DESIGNATED IN ACCORDANCE WITH DONOR INTENT FOR ULTIMATE DISPOSITION TO SUPPORT THE MISSIONS OF VIRGINIA TECH.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $150,941,016
Program Service Revenue $16,339,651
Investment Income $64,673,138
Other Revenue $13,743,354
TOTAL REVENUE $245,697,159

Expense Breakdown

Grants Paid $121,219,707
Salaries & Benefits $12,126,098
Fundraising Expenses $8,039,322
Program Expenses $187,238,171
Other Expenses $72,343,489
TOTAL EXPENSES $205,689,294

Year-over-Year Comparison

2024 2023 Change
Revenue $245,697,159 $293,759,159 -0.2%
Expenses $205,689,294 $182,640,214 +0.1%
Net Income $40,007,865 $111,118,945 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
35
Independent Members
31
Employees
93
Volunteers
36

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$1,785,601
Total Directors
42
$4,129,101
Key Employees
1
$1,570,447
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR TIMOTHY D SANDS BOARD MEMBER- EX OFFICIO 2.00
Director
$0 $280,336 $1,264,785
MR CHARLES D PHLEGAR BOARD MEMBER - EX OFFICIO 2.00
Director
$0 $164,808 $1,025,442
DR AMY SEBRING BOARD MEMBER - EX OFFICIO 2.00
Director
$0 $167,632 $744,282
MR WILLIAM N PARK CHAIR 2.00
Officer Director
$0 $0 $0
MR GREGORY GREG C THOMPSON VICE CHAIR 2.00
Officer Director
$0 $0 $0
MS JACQUELINE JACKIE L ARCHER - BOARD MEMBER 2.00
Director
$0 $0 $0
MR OMAR M ASALI BOARD MEMBER (THRU 12/2024) 2.00
Director
$0 $0 $0
MR EDWARD H ED BAINE BOARD MEMBER 2.00
Director
$0 $0 $0
MS TRACY CASTLE-NEWMAN BOARD MEMBER (AS OF 01/2025) 2.00
Director
$0 $0 $0
MR DAVID S DAVE COOPER JR BOARD MEMBER 2.00
Director
$0 $0 $0
MS TRACI J DESHAZOR BOARD MEMBER 2.00
Director
$0 $0 $0
MR J BENJAMIN BEN DOUGHTIE BOARD MEMBER 2.00
Director
$0 $0 $0
MS SHIRLEY EDWARDS BOARD MEMBER (AS OF 01/2025) 2.00
Director
$0 $0 $0
MR GREGORY C GODSEY BOARD MEMBER (THRU 12/2024) 2.00
Director
$0 $0 $0
MR DONALD B DON HALLIWILL BOARD MEMBER 2.00
Director
$0 $0 $0
MR JONATHAN HILL BOARD MEMBER (AS OF 01/2025) 2.00
Director
$0 $0 $0
MR NATHAN T LAVINKA BOARD MEMBER (THRU 12/2024) 2.00
Director
$0 $0 $0
MR J RYAN LINGERFELT BOARD MEMBER 2.00
Director
$0 $0 $0
MR STEPHEN T STEVE MASON BOARD MEMBER 2.00
Director
$0 $0 $0
MR MICHAEL E MIKE MELO BOARD MEMBER 2.00
Director
$0 $0 $0
MR ROGER H MOORE BOARD MEMBER (THRU 12/2024) 2.00
Director
$0 $0 $0
MR MARTY MUSCATELLO BOARD MEMBER (THRU 12/2024) 2.00
Director
$0 $0 $0
MS CATHERINE CATHY PAPOULIAS-SAKELLARIS - BOARD MEMBER 2.00
Director
$0 $0 $0
MR CHRISTOPHER M QUILLEN BOARD MEMBER 2.00
Director
$0 $0 $0
MS JANE RATHBONE BOARD MEMBER (AS OF 01/2025) 2.00
Director
$0 $0 $0
MR JAMES A JAY ROSENSTOCK III - BOARD MEMBER 2.00
Director
$0 $0 $0
MR CHARLES ROWELL BOARD MEMBER (AS OF 01/2025) 2.00
Director
$0 $0 $0
MS LAILA N ROSSI BOARD MEMBER 2.00
Director
$0 $0 $0
MS HEMA S SANGHANI BOARD MEMBER 2.00
Director
$0 $0 $0
MR SHIRISH S SATHAYE BOARD MEMBER 2.00
Director
$0 $0 $0
MR CHRISTOPHER W CHRIS SHEAN - BOARD MEMBER 2.00
Director
$0 $0 $0
MS ADELA SKENDERASI BOARD MEMBER 2.00
Director
$0 $0 $0
MR KEITH STEMPLE BOARD MEMBER (AS OF 07/2024) 2.00
Director
$0 $0 $0
MR JAMES N STRAWBRIDGE BOARD MEMBER 2.00
Director
$0 $0 $0
MR DWYN TAYLOR - BOARD MEMBER VT VP FOR FACILITIES(THRU 12/2024) 2.00
Director
$0 $33,795 $340,522
MR JOHN T THOMPSON BOARD MEMBER 2.00
Director
$0 $0 $0
MR BRUCE W TYLER BOARD MEMBER 2.00
Director
$0 $0 $0
MR WILLIAM LAKE WAGNER BOARD MEMBER 2.00
Director
$0 $0 $0
MS JANE WEST BOARD MEMBER (AS OF 07/2024) 2.00
Director
$0 $0 $0
MR RICHARD R RICHIE WHITT III - BOARD MEMBER (THRU 12/2024) 2.00
Director
$0 $0 $0
MS MARGARET L WICKES BOARD MEMBER 2.00
Director
$0 $0 $0
CYRIL R CLARKE - DIRECTOR VT VP AND PROVOST (AS OF 01/2025) 2.00
Director
$0 $136,854 $754,070
ELIZABETH A MCCLANAHAN CHIEF EXECUTIVE OFFICER 30.00
Officer
$868,291 $43,750 $912,041
MS ANNE KEELER CFO & TREASURER 38.00
Officer
$360,297 $60,406 $420,703
MR KENNETH S SMITH COO & SECRETARY 38.00
Officer
$306,651 $0 $306,651
MS KAREN COOK - BOARD MANAGER & ASS. SECRETARY (AS OF 10/2024) 38.00
Officer
$102,747 $43,459 $146,206
MR DAVID GREENBERG CHIEF INVESTMENT OFFICER 40.00
Key Emp
$1,494,627 $75,820 $1,570,447
MR LOUIE VUONG INVESTMENT MANAGER 40.00
Highest
$405,983 $56,051 $462,034
MS MARGARET MILLHISER MANAGING DIRECTOR - INVESTMENTS 40.00
Highest
$370,378 $77,413 $447,791
MS TAMMY COSTIGAN CONTROLLER 40.00
Highest
$181,523 $58,916 $240,439
MR JAMES FORD MANAGING DIRECTOR OF IT 40.00
Highest
$182,783 $54,695 $237,478
MS MARY YOLANDA TRIGIANI CSO. & DIR. EXTERNAL RELATIONS 40.00
Highest
$169,378 $26,510 $195,888
DR JOHN DOOLEY FORMER CEO; SA VT ATHLETIC DIR 0.00
$144,000 $0 $144,000
MS TERRI T MITCHELL FORMER SECRETARY 38.00
$521,952 $34,517 $556,469
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2025 $245,697,159 $205,689,294 $3,143,485,820 $40,007,865
2024 No data No data No data No data
2023 $222,260,777 $169,496,379 $2,846,142,047 $52,764,398
2022 $317,072,936 $201,452,391 $2,672,087,433 $115,620,545
2021 $338,678,106 $114,591,621 $2,705,348,340 $224,086,485
2020 $221,999,686 $139,214,097 $2,253,132,781 $82,785,589
2019 $233,401,085 $131,820,737 $2,098,062,269 $101,580,348
2018 $227,169,734 $136,584,840 $1,882,118,387 $90,584,894
Explore More Nonprofits
Top 100 Nonprofits in Virginia Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare VIRGINIA TECH FOUNDATION INC with other nonprofits in Virginia and across the country.