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Article Date : 03/17/2020
The VTF is committed to providing the highest level of service as we all adapt to the COVID-19 pandemic. The following measures are being implemented to assist employees working remotely and to facilitate adherence to recommended social distancing.
Requests for Payment:
• To the extent possible please continue to send your requests for payment (RFP) by campus mail. Note that if you plan to drop your RFPs off at the VTF offices, VTF will ONLY be accepting these in the drop box located on the second floor of the University Gateway Center (UGC) next to stairwell B.• VTF will also temporarily be accepting RFPs and all required documentation by email. Please forward requests to vtf.ap@vtf.org. Original documentation must still subsequently be sent to VTF and please be sure to note on the originals that the payment has already been submitted by email. Please send original documents by campus mail or place them in the drop box.
Deposits
• To the extent possible please continue to send your Other Income Deposit forms along with checks that are to be deposited in campus mail. VTF will not accept cash deposits by mail so please follow the drop off procedures below.• Until further notice, VTF will ONLY accept deposits in the designated drop box located on the second floor of the UGC next to stairwell B. VTF Accounting will send receipts by email.
Transfers
• To the extent possible please continue to send your transfer forms by campus mail. VTF will also accept transfer forms in the designated drop box located on the second floor of the UGC next to stairwell B.• VTF will also temporarily be accepting transfer forms and all required documentation by email. Please forward requests to vtf.ap@vtf.org. Original documentation must still subsequently be sent to VTF and please be sure to note on the originals that the transfer request has already been submitted by email.
New/Change Fund Forms
• To the extent possible please continue to send New/Change Fund Forms and supporting documentation by campus mail. VTF will also accept New/Change Fund Forms and supporting documentation in the designated drop box located on the second floor of the UGC next to stairwell B.• VTF will also temporarily be accepting the New Change Fund Form and all required documentation by email. Please forward requests to vtf.ap@vtf.org. Original documentation must still subsequently be sent to VTF and please be sure to note on the originals that the request has already been submitted by email.
Please call VTF at 540-231-2861 with any questions. Please be aware that VTF intends to continue to process all transactions promptly, however some of these temporary procedures may slow our normal processing times. Thank you for your cooperation during this challenging time.
VTF is considering other alternative processing methods and this document will be updated as additional options become available so please check back often at https://vtf.org/updatesEffective: March 17, 2020
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Article Date : 02/11/2020
The endowment payout for the upcoming fiscal year will remain the same as the FY 19-20 payout of 4.30%. Read the full memo for additional details.
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Article Date : 01/12/2020
Pete Dye left his mark on the golf world and Virginia Tech. A World Golf Hall of Famer, Dye was regarded as one of the game’s great course architects. He is credited with designing more than 130 public and private courses around the globe, including such renowned locations as TPC Sawgrass and Whistling Straits. He is also the artist behind the golf gem nestled between Blacksburg and Radford – the Pete Dye River Course of Virginia Tech.
Dye, 94, died on Jan. 9, Dye Designs, the company he founded, announced, last week. “We have a world-class golf facility thanks to Pete Dye and Mr. Bill Goodwin and his wife Alice,” said Jay Hardwick, who retired as director of golf operations and head coach of the men’s golf team in 2018 after 36 years at Virginia Tech.
Dye became involved with the redesign of what was then known as The River Course at the behest of his friends, Virginia Tech alumnus Bill Goodwin and his wife, Alice Goodwin, shortly after the course was acquired by the Virginia Tech Foundation in 2002. The Richmond couple provided the financial support needed for the design and construction of the new course arrangement, which was recognized as a Best New Course by Golf Digest in 2006. Since its formal dedication in 2006, the Goodwins’ investment and Dye’s design have provided Virginia Tech and Southwest Virginia with access to one of the nation’s finest golf course and the Hokies’ golf teams with an elite-level home course.
Read the full article on the VT News here.
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Article Date : 10/09/2019
WVTF Radio IQ will expand its reach this fall, enhancing its current coverage in the Richmond metro area through the acquisition of the 89.7 FM frequency. This additional frequency will cover the entire Richmond metropolitan area with a robust signal of 20,000+ watts. The acquisition aligns with WVTF’s statewide approach to covering Virginia. WVTF Radio IQ now extends from Wise, Virginia, in the southwestern part of the state, north to Spotsylvania, and east nearly to Williamsburg.
“The Virginia Tech Foundation’s support of WVTF Radio IQ demonstrates our enduring fulfillment of the university’s motto of Ut Prosim (That I May Serve),” said John Dooley, the foundation’s CEO. “We’ve provided access to news and civil discourse for more than 30 years. This expansion of our broadcast frequency represents an extension of our commitment to serving our listeners and citizens in the commonwealth of Virginia.”
The Virginia Tech Foundation has operated WVTF since the early 1980s, when it acquired the public radio station from Virginia Western Community College. WVTF’s broadcasting area has grown considerably ever since.
Read the full article on the VT News here.
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Article Date : 10/02/2019
This fall, Virginia Tech students have a remarkable new learning opportunity: gaining experience in banking and risk management by participating in actual loans with their bank partners with real money from the Virginia Tech Foundation.
Known as the Credit Corps, the unique experiential learning program is aimed at enhancing students’ skills in credit risk analysis, business analytics, teamwork, and portfolio management. Credit Corps students will be functioning as commercial loan officers, he said. Their responsibilities will include reviewing financial statements, interviewing management at the borrowing companies, identifying risk issues, and managing fund inflows and outflows, as repayments are made and new loans considered.
“Credit Corps will prepare students for jobs and careers across a wide range of finance career paths and offer financial firms a pipeline of credit-savvy recruits with hands-on experience,” said finance professor George Morgan, who led efforts to develop the program.
At the same time, the program seeks to earn a competitive return for the Virginia Tech Foundation, Morgan said. The foundation is committing $2 million over four years, or $500,000 a year, to sponsor the program. Credit Corps follows the footsteps of SEED and BASIS, two long-established programs the finance department pioneered to give students experience in stock and bond investing by managing two separate funds of $5 million each for the Virginia Tech Foundation.
Read the full article on the VT News here.
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