Article Date : 04/16/2019
The foundation accounting department has released its fiscal 2019 year-end closing schedule. The year-end closing dates for deposits, disbursements, establishing new funds, and corrections to foundation funds are provided on the downloadable schedule. We ask that all departments put in their requests early to allow ample time for processing.
Article Date : 02/15/2019
The endowment payout for the upcoming fiscal year will remain the same as the current FY 18-19 payout of 4.31%. Read the full memo for additional details.
Article Date : 12/12/2018
Nearly two years after the creation of the VTC Innovation Fund, the Virginia Tech Foundation and Carilion Clinic have again partnered to create the VTC Seed Fund, a $7 million venture capital fund, to facilitate additional pathways for innovative products and technologies to be commercialized.
The VTC Seed Fund expects to further increase engagement and mentorship with Virginia Tech alumni, Carilion faculty/employees, regional entrepreneurs, and high-net-worth individuals. Read the full article on VT News here.
Article Date : 10/22/2018
STEAM Coffee + Eatery, a grab-and-go retail space that opened to the public on Oct. 10 in The Hotel Roanoke & Conference Center, is the newest addition to the historic property’s food and beverage offerings.
As an authorized purveyor of Starbucks, STEAM Coffee + Eatery celebrates the treasured rail heritage of the region throughout the design and themes of the new space. Read the full article on VT News here.
Article Date : 05/21/2018
For more than 15 years, the Virginia Tech Foundation, Inc. (VTF) has overseen the implementation and utilization of a reinvestment fee on all gifts to the Foundation on behalf of the university. With a new administration, increased fundraising goals, and evolving funding models, the Foundation leadership agreed it was appropriate to review the reinvestment fee structure to align the structure with current practices and financial strategies to meet our mission. Accordingly, the following memo was shared with university Vice Presidents, Vice Provosts, Deans, Directors, and Department Heads.
Reinvestment Fee Memo