The Virginia Tech Foundation is the private enabler of Virginia Tech. Working collaboratively to advance the university's missions of discovery, learning, and community engagement, the VTF creates, manages, and builds assets that fortify and enrich the entire Virginia Tech community. The VTF strives to be exceptional stewards 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. Complementing the endowment’s investments, the foundation manages an extensive real estate portfolio. The portfolio supports university initiatives and programs.
The Chief Executive Officer and Secretary-Treasurer of the Virginia Tech Foundation, Inc. is the highest executive position of the not-for-profit corporation and is responsible for working with the foundation’s board of directors in creating and implementing a bold vision and strategy to achieve the foundation’s mission and programs in support of Virginia Tech. The Chief Executive Officer and Secretary-Treasurer operates in a high profile role and must be capable of establishing, strengthening, and expanding strong alliances with key stakeholders of the university, including alumni, donors, business, the general public, education, and economic development leaders in the region, state, country, and across the globe.
• Responsible for the management of assets in excess of $2.1 billion, including a $1.3 billion endowment and debt of $230 million;
• Serve as chairman of the Virginia Tech Corporate Research Center, a research park with over 200 research and development businesses and 37 buildings, and its Tech Center operations in Newport News;
• Work closely with the university’s Vice President for Advancement to support and enhance private funding initiatives and donor relations.
• Work closely with the university’s Senior Vice President and Chief Business Officer in determining priorities for the allocation of foundation’s resources in support of Virginia Tech;
• Provide leadership and oversight for management of the Hotel Roanoke and the Pete Dye River Course;
• Work with university partners with the management and oversight of foundation-owned properties which support university programs, including the Steger Center, Marion DuPont Scott Equine Medical Center, Reynolds Homestead, Hampton Seafood Research Laboratory, Virginia Tech Research Center-Arlington, Virginia Tech Carilion, and Virginia Tech Innovation Campus;
• Lead major projects and real estate development and initiatives as requested by the university;
• Serve as a lead administrative liaison and officer with other university affiliated corporations, including Virginia Tech Intellectual Properties, Inc.; Virginia Tech Services, Inc.; Virginia Tech Innovations, Inc.; Virginia Tech Athletic Fund, Inc.; Virginia Tech Corps of Cadets Alumni Association, Inc.; and Virginia Tech Applied Research Corporation, Inc..
The Chief Executive Officer and Secretary-Treasurer shall demonstrate the following skills and qualifications:
• Compelling leadership; the stature and presence that make an immediate statement about the critical role the foundation plays in support of the university and its many constituencies; strong speaking, writing and listening skills; the ability to influence others through words and actions and create excitement and momentum for the VTF and Virginia Tech.
• Effective board relations; an open communicator who can provide timely information, stimulate lively discussion, minimize conflict and implement policy initiatives.
• Strong relationship and consensus building skills; the ability to establish and/or strengthen relationships with:
o Senior leadership of Virginia Tech, faculty and staff;
o Alumni, donors, and friends of Virginia Tech;
o Business leaders;
o Elected officials and public sector staffs at federal, state and local levels;
o Economic developers;
o Real estate professionals;
o Investors and entrepreneurs;
o Community leaders and the general public;
o Virginia Tech Foundation employees.
• Strong management skills; a proven track record of leading people and project management; both tactical and strategic planning experience; a positive history of developing and meeting budgets and goals; a comprehensive understanding of accounting processes, data analysis, and financial management; a commitment to teamwork; the ability to delegate and work with others to achieve results;
• An understanding of and experience in complex finance principles and systems, including investment and debt management;
• An understanding of the innovation eco-system and the creation of and transfer of technologies into commercially viable enterprises;
• The highest standards of ethics and integrity in all personal and professional matters; a commitment to excellence; the desire to foster civility and community.
• Seasoned intelligence; a quick study as well as a broad-gauged thinker; proclivity to think, read, speak and write about issues related to higher education and best practices for its sustainability;
• At minimum, a master’s degree is required; doctorate degree or other professional degree is preferred.
• Experience in Virginia with business, education and government is a plus.
Competitive Compensation and Benefits Package