Cause IQ organization profile

Virginia Tech Foundation

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

Virginia Tech Foundation is a organizations supporting a scientific research center based in Blacksburg, VA that was founded in 1948. As of 2019 they had $233 million in revenue and $2.0 billion in assets.

The Foundation receives, invests, and manages private assets held for the support of programs at Virginia polytechnic institute and state university (university) and to foster and promote the growth, progress and general welfare of the university. The...

EIN:
54-0721690
City:
State:
Website:
Twitter:
Founded:
1948
Type:
501(c)(3)
NTEE:
Revenue:
$233,401,085
Assets:
$2,098,062,269
Employees:
109
Fiscal year end:
June
Revenue trends:
Asset trends:

Program areas at Virginia Tech Foundation

Virginia Tech Foundation supports the programs of Virginia Tech. The Foundation does this by generating funding from private sources and aggressively managing its assets to supplement state appropriations, tuition, and other sources of funds. The Foundation provides financial assistance to students, additional operating support to colleges and departments, assists in the funding of major building projects, provides seed capital for new university initiatives, and initiates major projects as requested by the university. In addition, the Foundation manages Virginia Tech's endowment. The Foundation deploys capital in ways that serve the interests not only of the university, but also of its regions.

Form 990s for Virginia Tech Foundation

Fiscal year endingDate received by IRSFormPDF link
2019-06Sep 25, 2020990View PDF
2018-06Aug 17, 2019990View PDF
2017-06Sep 12, 2018990View PDF
2016-06Sep 27, 2017990View PDF
2015-06Aug 2, 2016990View PDF
...and five more Form 990 PDFs

Financials for Virginia Tech Foundation

Field2019
Total grants, contributions, etc.$136,988,218
Program services$15,764,877
Investment income and dividends$23,358,465
Tax-exempt bond proceeds$27,234
Royalty revenue$152,418
Net rental income$11,339,910
Net gain from sale of non-inventory assets$36,554,043
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$38,865
Miscellaneous revenues$9,177,055
Total revenues$233,401,085

Vendors for Virginia Tech Foundation

VendorServicesAmount paidDate
DrupalContent management system software2020-06-15
█████ ███████ ███ ███████ ███Tax accounting2020-05-11
████ ████████████ ███████ ███Construction$6,503,9762019-06-01
███████ ███Maintenance$632,4822019-06-01
██ ████ ███████ ███Construction$1,071,3752019-06-01
██ ███████ ███Construction$623,3252019-06-01
███ ██████████ ██Architecture$577,7002019-06-01
████ ███Tax accounting; Audit accounting2014-07-02

Personnel at Virginia Tech Foundation

NameTitleCompensationMost recent data
Dooley, JohnChief Executive Officer and Secretary - Treasurer$402,360Sept. 25, 2020
Ward, DanChief Investment Officer Endowment-July 21, 2020
██████ ████Director of Investments$614,996June 30, 2019
█████ █████Director of Information Systems-July 21, 2020
██████ ██████Woodring Director of Real Estate-July 21, 2020
███████ █████████ █████████Associate Vice President and General Counsel$148,625July 21, 2020
█████████ ████Legal Assistant and Office Manager-July 21, 2020
█████████ █████Investment Manager$206,118July 21, 2020
████████ ████Human Resources Manager-July 21, 2020
███████████ ████████Accounting Manager-July 21, 2020
...and 13 more key personnel

Peer organizations supporting a single scientific research center

 NameTypeRevenueLocation
1Charles Koch Foundation501(c)(3)$168 millionArlington, VA
2MCV Foundation501(c)(3)$70 millionRichmond, VA
3Patient Advocate Foundation501(c)(3)$244 millionHampton, VA
4Global Impact501(c)(3)$74 millionAlexandria, VA
5Patient Services501(c)(3)$70 millionMidlothian, VA
6John Templeton Foundation501(c)(3)$232 millionWest Conshohocken, PA
7Eli and Edythe Broad Foundation501(c)(3)$66 millionLos Angeles, CA
8The Louis and Gloria Flanzer Philanthropic Trust501(c)(3)$95 millionNew York, NY
9The Children's Hospital of Philadelphia Foundation501(c)(3)$217 millionPhiladelphia, PA
10Tiger Woods Charity Event Corporation501(c)(3)$58 millionIrvine, CA
11Georgia Tech Foundation501(c)(3)$203 millionAtlanta, GA
12Greater Kansas City Community Foundation501(c)(3)$379 millionKansas City, MO
13Washington State University Foundation (WSU)501(c)(3)$97 millionPullman, WA
14Philadelphia Foundation (PF)501(c)(3)$79 millionPhiladelphia, PA
15Sealy and Smith Foundation501(c)(3)$97 millionGalveston, TX
16University of Arkansas Foundation501(c)(3)$238 millionFayetteville, AR
17JE Barbey 8 Tenacre Foundation501(c)(3)$62 millionPittsburgh, PA
18Otto Bremer Trust (OBT)501(c)(3)$77 millionSaint Paul, MN
19The Schmidt Family Foundation (TSFF)501(c)(3)$613 millionPalo Alto, CA
20Ben and Catherine Ivy Foundation501(c)(3)$111 millionScottsdale, AZ
21Ben Appelbaum Foundation501(c)(3)$58 millionNew York, NY
22Minority Television Project501(c)(3)$69 millionSan Mateo, CA
23Gordon E and Betty I Moore Foundation501(c)(3)$530 millionPalo Alto, CA
24Houston Endowment501(c)(3)$115 millionHouston, TX
25Cyrus Tang Foundation501(c)(3)$86 millionLas Vegas, NV