Virginia Tech Foundation
Virginia Tech Foundation reported $245.7 million in revenue and $205.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $91.03 went to program services, $5.06 to management and general costs and $3.91 to fundraising. Its largest source of revenue was contributions and grants: 61.4% of the total. The highest compensation it reported for one person was $1,570,447 (CHIEF INVESTMENT OFFICER). 31 people received more than $100,000 in reportable compensation. Revenue rose 11% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $206MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $246MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 91.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 5.1% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.9% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.05 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 61.4% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.1% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 6.7% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,570,447 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.76% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 31 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 122.3 | 13.3 |
| Independent voting board members Part VI 1a–1b | 31 of 35 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseGuided 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…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF INVESTMENT OFFICER Key employee, 40.00 hrs/week | $1,494,627 | $0 | $75,820 | $1,570,447 |
| BOARD MEMBER- EX OFFICIO Director/trustee, 2.00 hrs/week | $0 | $984,449 | $280,336 | $1,264,785 |
| BOARD MEMBER - EX OFFICIO Director/trustee, 2.00 hrs/week | $0 | $860,634 | $164,808 | $1,025,442 |
| CHIEF EXECUTIVE OFFICER Officer, 30.00 hrs/week | $868,291 | $0 | $43,750 | $912,041 |
| VT VP AND PROVOST (AS OF 01/2025) Director/trustee, 2.00 hrs/week | $0 | $617,216 | $136,854 | $754,070 |
| BOARD MEMBER - EX OFFICIO Director/trustee, 2.00 hrs/week | $0 | $576,650 | $167,632 | $744,282 |
| FORMER SECRETARY Former, 38.00 hrs/week | $521,952 | $0 | $34,517 | $556,469 |
| INVESTMENT MANAGER Highest compensated employee, 40.00 hrs/week | $405,983 | $0 | $56,051 | $462,034 |
31 people received more than $100,000 in reportable compensation from Virginia Tech Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $5.7M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b35 · 31 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 593
- Volunteers Part I, line 636
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| CORNUCOPIA INC Event production & services | $735,296 |
| MCR INC Printing/mailing/shipping | $606,446 |
| HELLMUTH OBATA & KASSABAUM Professional services | $443,744 |
| BLACKBAUD INC Online services | $399,488 |
| MB CONTRACTORS INC Construction mgmt services | $355,934 |
Individuals listed as contractors are left out. 21 contractors were paid more than $100,000 in all.
Private foundation grants it received
83 private foundations reported grants to Virginia Tech Foundation totaling $21M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Virginia Tech Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Virginia Tech Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Virginia Tech Foundation spent in FY2025, $91.03 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Hampton UniversityHampton, VA · revenue $246M · programs 75.8% · FY2025
- University of the SouthSewanee, TN · revenue $246M · programs 88.0% · FY2025
- Trustees of Union College in the Town of Schenectady in the State of New YorkSchenectady, NY · revenue $245M · programs 88.6% · FY2025
- Roger Williams UniversityBristol, RI · revenue $246M · programs 92.3% · FY2025
- Herzing University LtdMilwaukee, WI · revenue $244M · programs 87.1% · 2025
Questions people ask
How much of Virginia Tech Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Virginia Tech Foundation reported that 91.0% of its $205.7 million in expenses went to program services, 5.1% to management and general and 3.9% to fundraising (Form 990, Part IX).
How much does Virginia Tech Foundation pay its top executive?
The largest total compensation Virginia Tech Foundation reported for one person in the fiscal year ending June 30, 2025 was $1,570,447, for the role of CHIEF INVESTMENT OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Virginia Tech Foundation get its money?
Of $245.7 million in revenue in the fiscal year ending June 30, 2025, 61.4% came from contributions and grants (including 0.1% from government grants) and 6.7% from program service revenue (Form 990, Part VIII).
Is Virginia Tech Foundation a registered charity?
The IRS lists EIN 54-0721690 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025 (amended), object 202621689349300007 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531349349313083 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431369349310503 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331359349302283 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211339349303761 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141369349301319 · read the filing
All filings for EIN 54-0721690: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.