Virginia Tech Foundation CEO John Dooley to retire

John Dooley, who has served as CEO of the Virginia Tech Foundation since 2012 and has helped the university fulfill its land-grant mission by making a difference in communities for nearly 40 years, has announced he plans to retire in the spring.

A national search to fill the position is being led by a committee headed by Sandra Davis, who chairs the foundation board, and Dwayne Pinkney, senior vice president and chief business officer for the university.

Dooley joined Virginia Tech in 1982, when he was hired at age 27 to direct the then-brand new Northern Virginia 4-H Center, located in Front Royal. Over decades, the essence of his role has remained largely the same, to broaden the university’s impact, even as the scope of his responsibilities has grown.

The Virginia Tech Foundation, which Dooley heads, manages the university’s endowment and encourages economic development by fostering connections between the university and numerous partners.

Under Dooley, the endowment more than doubled, to more than $1.3 billion as of June 30. Meanwhile, the total of value of all Virginia Tech Foundation assets, which include property as well as the endowment, increased by roughly a billion dollars, from $1.2 billion to more than $2.2 billion. The amount of real estate managed by the foundation has also grown significantly, to more than 1,963,600 square feet. Nearly 280,000 more square feet will come under foundation management as ongoing projects are completed.

Dooley’s legacy goes far beyond numbers, however. It’s visible in the high-impact projects he has helped to bring about and in the many lasting partnerships and deep friendships he has developed while working on the university’s behalf across Virginia and around the world.

Sandra Davis added: “Personally, and on behalf of the Virginia Tech Foundation, I want to thank John for his above and beyond dedication to the foundation, as well as to the Hokie Nation, for his awesome leadership growing the presence of the university across the commonwealth and throughout the globe. For this and all of John’s work we will be eternally grateful, and John will indeed be missed.

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