• The Virginia Tech Foundation Executive Committee will consider the annual budget for WVTF Public Radio and RADIO IQ at its meeting on June 25. Since a portion of WVTF’s budget is publicly funded, this part of the meeting is open to the public and will begin at 11:00 a.m. This year attendees are welcome to participate in person at the Hotel Roanoke & Conference Center, or remotely via Zoom or dial-in. To participate remotely, attendees should register at https://vtf.org/register/wvtf.

    Services of Virginia Tech, WVTF Public Radio, and RADIO IQ are listener-supported National Public Radio member stations. They broadcast locally and nationally produced classical and jazz music programs, NPR and BBC news shows, and locally produced news and other cultural and entertainment programs. The stations cover central, southwest, and southern Virginia, as well as parts of North Carolina and West Virginia. For a complete listing of signals, visit WVTF online at https://www.wvtf.org/.

  • The Virginia Tech Foundation and Office of Sponsored Programs have developed a new process for moving money from VTF funds to OSP. Prior to May 1, 2021, this was accomplished using an old version of the Attachment A form but, as of May 1, 2021, the process uses the Request for Payment submission application on VTF’s website (https://www.vtf.org/rfp). A link to recent communications from OSP can be viewed at https://osp.vt.edu/updates/2021/changes-to-office-of-sponsored-programs-....

    The Attachment A form is now only used to establish new OSP funds. If a new fund is required, it must be established with OSP prior to completing the Request for Payment submission. An example of an online submission to move money from VTF to OSP is shown below.

    Any questions about this new process should be directed to vtf.ap@vtf.org.

  • The foundation accounting department has released its fiscal 2021 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.

  • As of January 31, 2021, the Virginia Tech Foundation will no longer accept paper submissions for the following forms:

    • Fund Termination Request
    • Income to Principal Transfer
    • Request for Funds Transfer
    • New Fund/Change Form Request

    The Foundation is now using paperless online forms that speed the submission process and require no traditional pen signature. These processes are available under the “Faculty & Staff” menu of the Virginia Tech Foundation website or at the following addresses:

    Other traditional paper process are now online as well including Request for Payment (https://vtf.org/rfp), Direct Deposit Enrollment (https://vtf.org/directdeposit), and Financial System Access Request (https://vtf.org/access).

  • Elizabeth McClanahan, a former justice on the Supreme Court of Virginia who now serves as president and dean of the Appalachian School of Law, has been named CEO of the Virginia Tech Foundation. The foundation manages the university’s endowment, has an extensive real estate portfolio, and encourages economic development by fostering connections between Virginia Tech and numerous partners.

    McClanahan has served as an adjunct professor of finance and senior advisor to the dean in Virginia Tech’s Pamplin College of Business since September 2019, but her ties to the university go back much further.

    “Virginia Tech played a formative role in my life,” McClanahan said. “My mother hosted Extension homemaker clubs when I was a young child. I joined 4-H at age 9 and in my teenage years attended 4-H Congress on campus. Virginia Tech is now a global university and world leader in higher education. Joining the foundation is the opportunity of a lifetime — especially at a time when Tech’s energy, innovation, and trajectory are unmatched.”

    McClanahan will become foundation CEO on June 1, 2021, succeeding John Dooley, who in August announced he would retire. The foundation CEO is a member of the Virginia Tech President’s Cabinet.

    Former Virginia Tech Foundation Board Chair Sandra Davis, who co-chaired the search committee with Pinkney, said she was “excited by the talent Elizabeth brings to this role that is so vital for the foundation and the university. I think the transition will be positive, continuing the success of current goals, while providing strong leadership on future developments and opportunities, including growing the endowment.”

    Dooley, the outgoing foundation CEO, plans to help McClanahan transition into her new position. Years ago, he was executive director of the Virginia 4-H Foundation while she was a member of its board. “She really knows well the public-higher-education community in Virginia,” Dooley said. “She’s been in positions where she has seen the value that higher education brings to the economic vitality of the state, and I’m sure that will be of benefit as she assumes this role.”

    Read the full story here.

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