VIRGINIA TECH FOUNDATION INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- VIRGINIA TECH FOUNDATION INC (EIN 54-0721690)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-05-14
- IRS object ID
- 202531349349313083
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-14T20:24:32-05:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 991856619 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON ADVISORS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 WILSON BOULEVARD SUITE 1500 | AddressLine1Txt |
| City | ARLINGTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22209 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 540721690 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VIRGINIA TECH FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | VIRG | BusinessNameControlTxt |
| Phone | 5402315751 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 902 PRICES FORK ROAD 4000 | AddressLine1Txt |
| City | BLACKSBURG | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24061 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANNE KEELER | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 5402315751 | PhoneNum |
| Signature | 2025-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARY TORRETTA | PreparerPersonNm |
| PTIN | P00847851 | PTIN |
| Phone | 7038477500 | PhoneNum |
| Preparation | 2025-05-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ELIZABETH A MCCLANAHAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 902 PRICES FORK ROAD 4000 | AddressLine1Txt |
| City | BLACKSBURG | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24061 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,354,852,711 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.VTF.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1948 | FormationYr |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Activity Or Mission | VIRGINIA TECH FOUNDATION, INC. (VTF) IS A NONSTOCK CORPORATION ESTABLISHED IN 1948 (SEE SCHEDULE O) FOR THE SOLE PURPOSE OF MANAGING VIRGINIA TECH'S ENDOWMENT AND REAL ESTATE PORTFOLIO. VTF EXISTS AND OPERATES AS A SEPARATE, INDEPENDENT ENTITY WITH ITS OFFICERS AND GOVERNING BOARD-MANAGING, INVESTING, AND DISTRIBUTING PRIVATE RESOURCES TO ADVANCE VIRGINIA TECH'S MISSION AND ITS STRATEGIC PROPRIETIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 36 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 32 | VotingMembersIndependentCnt |
| Total Employee | 88 | TotalEmployeeCnt |
| Total Volunteers | 32 | TotalVolunteersCnt |
| Total Gross UBI | $8,615,859 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $1,424,498 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $134,749,837 | PYContributionsGrantsAmt |
| CY Contributions Grants | $178,958,298 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $17,651,437 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $13,744,672 | CYProgramServiceRevenueAmt |
| PY Investment Income | $40,087,191 | PYInvestmentIncomeAmt |
| CY Investment Income | $88,127,578 | CYInvestmentIncomeAmt |
| PY Other Revenue | $29,772,312 | PYOtherRevenueAmt |
| CY Other Revenue | $12,928,611 | CYOtherRevenueAmt |
| PY Total Revenue | $222,260,777 | PYTotalRevenueAmt |
| CY Total Revenue | $293,759,159 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $39,513,978 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $97,180,150 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $8,622,875 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $9,623,029 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $8,969,951 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $121,359,526 | PYOtherExpensesAmt |
| CY Other Expenses | $75,837,035 | CYOtherExpensesAmt |
| PY Total Expenses | $169,496,379 | PYTotalExpensesAmt |
| CY Total Expenses | $182,640,214 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $52,764,398 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $111,118,945 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,846,142,047 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,036,393,497 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,009,099,622 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,040,196,284 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,837,042,425 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,996,197,213 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | VIRGINIA TECH FOUNDATION, INC. (VTF) IS A NONSTOCK CORPORATION ESTABLISHED IN 1948 FOR THE SOLE PURPOSE OF MANAGING VIRGINIA TECH'S ENDOWMENT AND REAL ESTATE PORTFOLIO. VTF EXISTS AND OPERATES AS A SEPARATE, INDEPENDENT ENTITY WITH ITS OFFICERS AND (SEE SCHEDULE O) GOVERNING BOARD MANAGING, INVESTING, AND DISTRIBUTING PRIVATE RESOURCES TO ADVANCE VIRGINIA TECH'S MISSION AND ITS STRATEGIC PROPRIETIES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $157,805,291 | ExpenseAmt |
| Grant | $97,180,150 | GrantAmt |
| Revenue | $13,744,672 | RevenueAmt |
| Desc | GUIDED BY A STRONG COMMITMENT TO FIDUCIARY RESPONSIBILITY, THE FOUNDATION RECEIVES, MANAGES, AND DISBURSES PRIVATE GIFTS TO ADVANCE THE MISSIONS OF VIRGINIA TECH. THE FOUNDATION STRIVES TO BE AN EXCEPTIONAL STEWARD 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. THE ENDOWMENT IS AN ACTIVELY MANAGED PORTFOLIO INCORPORATING DEEP FUNDAMENTAL ANALYSIS AND A VALUE-ORIENTED, GLOBAL APPROACH. COMPLEMENTING THE ENDOWMENT'S INVESTMENTS, THE FOUNDATION MANAGES AN EXTENSIVE REAL ESTATE PORTFOLIO. REAL ESTATE (SEE SCHEDULE O) ACQUISITIONS, CONSTRUCTION AND RENOVATION ARE DONE AT THE REQUEST OF THE UNIVERSITY AND REAL ESTATE GIFTS ARE DESIGNATED IN ACCORDANCE WITH DONOR INTENT FOR ULTIMATE DISPOSITION TO SUPPORT THE MISSIONS OF VIRGINIA TECH. | Desc |
| Total Program Service Expenses | $157,805,291 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | Yes (1) | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 537 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 88 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | SZ | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | Yes (1) | Form8282PropertyDisposedOfInd |
| Form8282 Filed | 1 | Form8282FiledCnt |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Form1098 C Filed | Yes (1) | Form1098CFiledInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (1) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 36 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 32 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (1) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | VA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANNE KEELER | PersonNm |
| Phone | 5402312122 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 902 PRICES FORK RD STE 4000 | AddressLine1Txt |
| City | BLACKSBURG | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24061 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (52 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|---|
| MR CHARLES D PHLEGAR | ||||||||||
| BOARD MEMBER-EX OFFICIO | 2.00 | 38.00 | Yes (X) | Yes (X) | $0 | $817,187 | $160,921 | |||
| DR TIMOTHY D SANDS | ||||||||||
| BOARD MEMBER-EX OFFICIO | 2.00 | 38.00 | Yes (X) | $0 | $829,304 | $376,205 | ||||
| DR AMY S SEBRING | ||||||||||
| BOARD MEMBER-EX OFFICIO | 2.00 | 38.00 | Yes (X) | $0 | $541,594 | $164,259 | ||||
| MS STARLETTE B JOHNSON | ||||||||||
| CHAIR (THRU 09/2023) | 2.00 | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| MR WILLIAM N PARK | ||||||||||
| VC (THRU 9/23); CHAIR (AS OF 9/23) | 2.00 | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| MS JACQUELINE L ARCHER | ||||||||||
| BOARD MEMBER | 2.00 | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR OMAR M ASALI | ||||||||||
| BOARD MEMBER | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR EDWARD H ED BAINE | ||||||||||
| BOARD MEMBER | 2.00 | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR CHRISTOPHER J BRIGHTMAN | ||||||||||
| BOARD MEMBER (THRU 09/2023) | 2.00 | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR ROBERT BOB BROYDEN | ||||||||||
| BOARD MEMBER-EX OFFICIO(AS OF 11/23) | 2.00 | 38.00 | Yes (X) | Yes (X) | $0 | $337,751 | $53,405 | |||
| MS MARGARET L WICKES | ||||||||||
| BOARD MEMBER | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR DAVID S DAVE COOPER JR | ||||||||||
| BOARD MEMBER (AS OF 09/2023) | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR KEVIN T CROFTON | ||||||||||
| BOARD MEMBER (THRU 09/2023) | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MS TRACI J DESHAZOR | ||||||||||
| BOARD MEMBER | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR J BENJAMIN BEN DOUGHTIE | ||||||||||
| BOARD MEMBER | 2.00 | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR GREGORY C GODSEY | ||||||||||
| BOARD MEMBER | 2.00 | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR DONALD B DON HALLIWILL | ||||||||||
| BOARD MEMBER | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR CHRIS KIWUS | ||||||||||
| BOARD MEMBER-EX OFFICIO (THRU 11/23) | 2.00 | 38.00 | Yes (X) | Yes (X) | $0 | $402,057 | $30,307 | |||
| MR NATHAN T LAVINKA | ||||||||||
| BOARD MEMBER-EX OFFICIO | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR J RYAN LINGERFELT | ||||||||||
| BOARD MEMBER | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR STEPHEN T MASON | ||||||||||
| BOARD MEMBER | 2.00 | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR MICHAEL E MIKE MELO | ||||||||||
| BOARD MEMBER | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR ROGER H MOORE | ||||||||||
| BOARD MEMBER | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR MARTY MUSCATELLO | ||||||||||
| BOARD MEMBER | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MS CATHERINE PAPOULIAS-SAKEL | ||||||||||
| BOARD MEMBER (AS OF 09/2023) | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MS RENAE C PEARSON | ||||||||||
| BOARD MEMBER (THRU 09/2023) | 2.00 | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR JAMES G JIM PETRINE | ||||||||||
| BOARD MEMBER | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR CHRISTOPHER M QUILLEN | ||||||||||
| BOARD MEMBER | 2.00 | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR JAMES A ROSENSTOCK III | ||||||||||
| BOARD MEMBER (AS OF 09/2023) | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MS LAILA N ROSSI | ||||||||||
| BOARD MEMBER | 2.00 | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MS HEMA S SANGHANI | ||||||||||
| BOARD MEMBER (AS OF 09/2023) | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MS SHIRISH S SATHAYE | ||||||||||
| BOARD MEMBER | 2.00 | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR CHRISTOPHER W SHEAN | ||||||||||
| BOARD MEMBER | 2.00 | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MS ADELA SKENDERASI | ||||||||||
| BOARD MEMBER (AS OF 09/2023) | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR JAMES N STRAWBRIDGE | ||||||||||
| BOARD MEMBER | 2.00 | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR GREGORY C THOMPSON | ||||||||||
| BOARD MEMBER | 2.00 | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR JOHN T THOMPSON | ||||||||||
| BOARD MEMBER (AS OF 09/2023) | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR BRUCE W TYLER | ||||||||||
| BOARD MEMBER (AS OF 09/2023) | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR WILLIAM LAKE WAGNER | ||||||||||
| BOARD MEMBER | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR RICHARD R WHITT III | ||||||||||
| BOARD MEMBER | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR KENNETH S SMITH | ||||||||||
| COO (AS 08/2023) | 38.00 | 2.00 | Yes (X) | Yes (X) | $110,207 | $0 | $12,094 | |||
| ELIZABETH A MCCLANAHAN | ||||||||||
| CHIEF EXECUTIVE OFFICER | 30.00 | 10.00 | Yes (X) | $669,577 | $0 | $36,741 | ||||
| MS TERRI T MITCHELL | ||||||||||
| ASSISTANT SECRETARY (AS OF 09/2023) | 38.00 | 2.00 | Yes (X) | $269,127 | $0 | $67,769 | ||||
| MS ANNE B KEELER | ||||||||||
| CFO & TREASURER | 38.00 | 2.00 | Yes (X) | $191,923 | $0 | $31,647 | ||||
| MR DAVID GREENBERG | ||||||||||
| CHIEF INVESMENT OFFICER | 40.00 | 0.00 | $921,129 | $0 | $19,014 | Yes (X) | ||||
| MS TAMMY COSTIGAN | ||||||||||
| CONTROLLER | 40.00 | 0.00 | $178,108 | $0 | $55,817 | Yes (X) | ||||
| MS CARRIE WOODRING | ||||||||||
| DIRECTOR OF REAL ESTATE | 40.00 | 0.00 | $151,416 | $0 | $48,565 | Yes (X) | ||||
| MS MARY YOLANDA TRIGIANI | ||||||||||
| MANAGING DIRECTOR OF PLANNING | 40.00 | 0.00 | $145,826 | $0 | $23,443 | Yes (X) | ||||
| MS JANET TUCKWILLER | ||||||||||
| SENIOR ASSOCIATE GENERAL COUNSEL | 40.00 | 0.00 | $144,336 | $0 | $31,606 | Yes (X) | ||||
| MR JAMES FORD | ||||||||||
| DIRECTOR OF IT | 40.00 | 0.00 | $170,661 | $0 | $40,669 | Yes (X) | ||||
| DR JOHN DOOLEY | ||||||||||
| FORMER CEO; SA VT ATHLETIC DIR | 0.00 | 20.00 | $146,962 | $0 | $57 | Yes (X) | ||||
| MR DANIEL WARD | ||||||||||
| FORMER AVP/CIO ENDOWMMENT | 0.00 | 0.00 | $1,359,544 | $0 | $48,421 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,458,816 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $2,927,893 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,200,940 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 20 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| L5 THE EXPO GROUP LTD | |||||
| 5931 W CAMPUS CIR | IRVING | TX | 75063 | EVENT SERVICES | $502,643 |
| AECOM TECHNICAL SERVICES INC | |||||
| 1178 PAYSPHERE CIR | CHICAGO | IL | 60674 | CONSTRUCTION | $482,625 |
| BLACKBUAD INC | |||||
| PO BOX 830413 | PHILIDELPHIA | PA | 191820519 | ONLINE SERVICES | $389,320 |
| NEPC LLC | |||||
| DEPARTMENT 3570 BOX 4110 | WOBURN | MA | 01888 | CONSULTING SERVICES | $325,549 |
| MCR INC | |||||
| 4800 E 345TH ST | WILLOUGHBY | OH | 44094 | MAILING SERVICES | $315,562 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 28 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $315,345 | GovernmentGrantsAmt |
| All Other Contributions | $178,642,953 | AllOtherContributionsAmt |
| Noncash Contributions | $33,144,677 | NoncashContributionsAmt |
| Total Contributions | $178,958,298 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| DEVELOPMENT & MANAGEMENT | 900099 | $6,107,801 | $6,107,801 |
| AFFILIATE MEMBERSHIP | 900099 | $4,561,648 | $4,561,648 |
| AGRICULTURAL EDUCATION | 900099 | $1,918,324 | $1,918,324 |
| PROPERTY MANAGEMENT FEES | 900099 | $901,556 | $901,556 |
| CONSTRUCTION MGMT REVENUE | 900099 | $163,044 | $163,044 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $92,299 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $92,299 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $13,744,672 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $26,794,950 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $6,191,663 | UnrelatedBusinessRevenueAmt |
| Exclusion | $20,603,287 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $91,735 | TotalRevenueColumnAmt |
| Exclusion | $91,735 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,000,605 | TotalRevenueColumnAmt |
| Exclusion | $1,000,605 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $34,852,898 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $29,836,667 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $5,016,231 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,016,231 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $1,116,254 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,899,977 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,082,697,489 | SecuritiesAmt |
| Other | $9,800,289 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,027,679,454 | SecuritiesAmt |
| Other | $3,577,431 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $55,018,035 | SecuritiesAmt |
| Other | $6,222,858 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $61,240,893 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $1,288,308 | UnrelatedBusinessRevenueAmt |
| Exclusion | $59,952,585 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| INCOME FROM SUBSIDIARIES | 900099 | $5,420,456 | $5,420,456 | |
| WVTF | 900099 | $145,075 | $145,075 | |
| ALUMNI TOURS | 900099 | $19,634 | $19,634 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,326,610 | TotalRevenueColumnAmt |
| Exclusion | $1,326,610 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $6,911,775 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $293,759,159 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $13,744,672 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $8,615,859 | UnrelatedBusinessRevenueAmt |
| Exclusion | $92,440,330 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $97,180,150 | TotalAmt |
| Program Services | $97,180,150 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,980,666 | TotalAmt |
| Management And General | $3,980,666 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $147,020 | TotalAmt |
| Management And General | $73,510 | ManagementAndGeneralAmt |
| Fundraising | $73,510 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,660,584 | TotalAmt |
| Program Services | $1,743,502 | ProgramServicesAmt |
| Management And General | $835,339 | ManagementAndGeneralAmt |
| Fundraising | $81,743 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $564,160 | TotalAmt |
| Program Services | $174,325 | ProgramServicesAmt |
| Management And General | $389,835 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $754,704 | TotalAmt |
| Program Services | $116,732 | ProgramServicesAmt |
| Management And General | $637,972 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,515,895 | TotalAmt |
| Management And General | $1,515,895 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $135,849 | TotalAmt |
| Program Services | $90,802 | ProgramServicesAmt |
| Management And General | $45,047 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $160,464 | TotalAmt |
| Management And General | $160,464 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,500 | TotalAmt |
| Management And General | $3,500 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,728,130 | TotalAmt |
| Management And General | $2,728,130 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,520,397 | TotalAmt |
| Program Services | $3,884,804 | ProgramServicesAmt |
| Management And General | $490,373 | ManagementAndGeneralAmt |
| Fundraising | $2,145,220 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,629,571 | TotalAmt |
| Program Services | $1,405,245 | ProgramServicesAmt |
| Management And General | $258 | ManagementAndGeneralAmt |
| Fundraising | $224,068 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,724,562 | TotalAmt |
| Program Services | $1,866,933 | ProgramServicesAmt |
| Management And General | $290,686 | ManagementAndGeneralAmt |
| Fundraising | $1,566,943 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $474,330 | TotalAmt |
| Program Services | $38,537 | ProgramServicesAmt |
| Management And General | $43,253 | ManagementAndGeneralAmt |
| Fundraising | $392,540 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,694,844 | TotalAmt |
| Program Services | $1,428,502 | ProgramServicesAmt |
| Management And General | $187,807 | ManagementAndGeneralAmt |
| Fundraising | $78,535 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,313,984 | TotalAmt |
| Program Services | $3,061,652 | ProgramServicesAmt |
| Management And General | $83,144 | ManagementAndGeneralAmt |
| Fundraising | $1,169,188 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $355,328 | TotalAmt |
| Program Services | $251,872 | ProgramServicesAmt |
| Management And General | $26,379 | ManagementAndGeneralAmt |
| Fundraising | $77,077 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,942,091 | TotalAmt |
| Program Services | $1,978,752 | ProgramServicesAmt |
| Management And General | $4,963,339 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,788,652 | TotalAmt |
| Program Services | $1,611,843 | ProgramServicesAmt |
| Management And General | $148,240 | ManagementAndGeneralAmt |
| Fundraising | $28,569 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $641,202 | TotalAmt |
| Program Services | $433,780 | ProgramServicesAmt |
| Management And General | $205,676 | ManagementAndGeneralAmt |
| Fundraising | $1,746 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| UNIV SPONSORED RESEARCH | $20,128,494 | $20,127,419 | $1,075 | $0 |
| MEALS & ENTERTAINMENT | $9,845,360 | $8,576,136 | $127,039 | $1,142,185 |
| RADIO STATION | $4,345,347 | $1,687,789 | $2,240,101 | $417,457 |
| PUBLIC RELATIONS | $3,099,367 | $2,459,001 | $60,198 | $580,168 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,305,563 | TotalAmt |
| Program Services | $9,687,515 | ProgramServicesAmt |
| Management And General | -$3,372,954 | ManagementAndGeneralAmt |
| Fundraising | $991,002 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $182,640,214 | TotalAmt |
| Program Services | $157,805,291 | ProgramServicesAmt |
| Management And General | $15,864,972 | ManagementAndGeneralAmt |
| Fundraising | $8,969,951 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,712,127 | BOYAmt |
| EOY | $120,063,342 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $180,908,044 | BOYAmt |
| EOY | $177,161,164 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,093,670 | BOYAmt |
| EOY | $3,295,638 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $192,641,501 | BOYAmt |
| EOY | $178,534,445 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $564,388 | BOYAmt |
| EOY | $709,446 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,054,488 | BOYAmt |
| EOY | $7,548,654 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $332,632,812 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $94,597,694 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $239,290,792 | BOYAmt |
| EOY | $238,035,118 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $570,981,323 | BOYAmt |
| EOY | $149,551,829 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,450,693,811 | BOYAmt |
| EOY | $2,032,181,280 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,134,637 | BOYAmt |
| EOY | $3,062,938 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $139,067,266 | BOYAmt |
| EOY | $126,249,643 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,846,142,047 | BOYAmt |
| EOY | $3,036,393,497 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,204,088 | BOYAmt |
| EOY | $7,508,537 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,022,111 | BOYAmt |
| EOY | $39,609,305 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $282,740,286 | BOYAmt |
| EOY | $262,858,708 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,738,213 | BOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $11,000,556 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $675,394,924 | BOYAmt |
| EOY | $719,219,178 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,009,099,622 | BOYAmt |
| EOY | $1,040,196,284 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $458,513,424 | BOYAmt |
| EOY | $498,844,854 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,378,529,001 | BOYAmt |
| EOY | $1,497,352,359 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,837,042,425 | BOYAmt |
| EOY | $1,996,197,213 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,846,142,047 | BOYAmt |
| EOY | $3,036,393,497 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $111,118,945 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $47,357,768 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | $11,354 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $666,721 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Organization | Yes (X) | CollegeOrganizationInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $163,472,809 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $176,951,316 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $203,293,856 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $134,749,837 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $178,958,298 | CurrentTaxYearAmt |
| Total | $857,426,116 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $163,472,809 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $176,951,316 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $203,293,856 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $134,749,837 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $178,958,298 | CurrentTaxYearAmt |
| Total | $857,426,116 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $61,998,323 | SubstantialContributorsTotAmt |
| Public Support Total170 | $795,427,793 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $43,023,472 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $44,751,929 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $30,632,275 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $68,825,573 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $55,432,271 | CurrentTaxYearAmt |
| Total | $242,665,520 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $1,424,498 | CurrentTaxYearAmt |
| Total | $1,424,498 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $10,004,187 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,971,785 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | -$3,684,689 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $10,555,561 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,892,142 | CurrentTaxYearAmt |
| Total | $31,738,986 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $1,133,255,120 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $93,061,408 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.70190 | PublicSupportCY170Pct |
| Public Support PY170 | 0.77390 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | INCOME FROM SUBSIDIARIES - 2019 AMOUNT: $ 10,004,187. 2020 AMOUNT: $ 9,347,686. 2021 AMOUNT: $ 5,956,909. 2022 AMOUNT: $ 9,958,654. 2023 AMOUNT: $ 5,420,456. WVTF - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 145,075. MISCELLANEOUS REVENUE - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ -1,375,901. 2021 AMOUNT: $ -9,641,598. 2022 AMOUNT: $ 596,907. 2023 AMOUNT: $ 1,326,611. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
Total Direct Lobbying TotalDirectLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $3,500 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $3,500 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $182,636,715 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $182,640,215 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $1,000,000 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $250,000 | FilingOrganizationsTotalAmt |
Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $1,000,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $1,000,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $1,000,000 | CurrentYearMinus1Amt |
| Current Year | $1,000,000 | CurrentYearAmt |
| Total | $4,000,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $6,000,000 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $48,425 | CurrentYearMinus3Amt |
| Current Year Minus2 | $50,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $92,864 | CurrentYearMinus1Amt |
| Current Year | $3,500 | CurrentYearAmt |
| Total | $194,789 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $250,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $250,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $250,000 | CurrentYearMinus1Amt |
| Current Year | $250,000 | CurrentYearAmt |
| Total | $1,000,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,500,000 | GrassrootsCeilingAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Donor Advised Funds Held | 5 | DonorAdvisedFundsHeldCnt |
| Donor Advised Funds Contri | $25,000 | DonorAdvisedFundsContriAmt |
| Donor Advised Funds Grants | $149,515 | DonorAdvisedFundsGrantsAmt |
| Donor Advised Funds Vl EOY | $1,245,123 | DonorAdvisedFundsVlEOYAmt |
| Disclosed Org Leg Ctrl | Yes (1) | DisclosedOrgLegCtrlInd |
| Disclosed For Charitable Prps | Yes (1) | DisclosedForCharitablePrpsInd |
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | $0 | RevenuesIncludedAmt |
| Assets Included | $7,113,046 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
| Incl Escrow Custodial Acct Liab | 0 | InclEscrowCustodialAcctLiabInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,792,103,981 | BeginningYearBalanceAmt |
| Contributions | $97,955,152 | ContributionsAmt |
| Investment Earnings Or Losses | $140,964,722 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $21,320,195 | GrantsOrScholarshipsAmt |
| Other Expenditures | $29,320,912 | OtherExpendituresAmt |
| Administrative Expenses | $30,162,894 | AdministrativeExpensesAmt |
| End Year Balance | $1,950,219,854 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,586,446,038 | BeginningYearBalanceAmt |
| Contributions | $158,425,148 | ContributionsAmt |
| Investment Earnings Or Losses | $124,785,544 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $20,403,011 | GrantsOrScholarshipsAmt |
| Other Expenditures | $30,037,151 | OtherExpendituresAmt |
| Administrative Expenses | $27,112,587 | AdministrativeExpensesAmt |
| End Year Balance | $1,792,103,981 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,583,719,460 | BeginningYearBalanceAmt |
| Contributions | $177,114,769 | ContributionsAmt |
| Investment Earnings Or Losses | -$89,023,736 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $19,933,102 | GrantsOrScholarshipsAmt |
| Other Expenditures | $30,011,758 | OtherExpendituresAmt |
| Administrative Expenses | $35,419,595 | AdministrativeExpensesAmt |
| End Year Balance | $1,586,446,038 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,241,790,413 | BeginningYearBalanceAmt |
| Contributions | $97,351,162 | ContributionsAmt |
| Investment Earnings Or Losses | $308,274,911 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $18,122,900 | GrantsOrScholarshipsAmt |
| Other Expenditures | $17,904,603 | OtherExpendituresAmt |
| Administrative Expenses | $27,669,523 | AdministrativeExpensesAmt |
| End Year Balance | $1,583,719,460 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,258,695,844 | BeginningYearBalanceAmt |
| Contributions | $137,962,057 | ContributionsAmt |
| Investment Earnings Or Losses | -$94,338,336 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $16,918,193 | GrantsOrScholarshipsAmt |
| Other Expenditures | $16,567,970 | OtherExpendituresAmt |
| Administrative Expenses | $27,042,989 | AdministrativeExpensesAmt |
| End Year Balance | $1,241,790,413 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.03440 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.49200 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.47360 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | Yes (1) | EndowmentsHeldRelatedOrgInd |
| Related Org List Sch R | Yes (1) | RelatedOrgListSchRInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $116,812,377 | OtherCostOrOtherBasisAmt |
| Book Value | $116,812,377 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $171,445,732 | OtherCostOrOtherBasisAmt |
| Depreciation | $63,351,703 | DepreciationAmt |
| Book Value | $108,094,029 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,322,169 | OtherCostOrOtherBasisAmt |
| Depreciation | $898,269 | DepreciationAmt |
| Book Value | $1,423,900 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $20,764,853 | OtherCostOrOtherBasisAmt |
| Depreciation | $13,574,180 | DepreciationAmt |
| Book Value | $7,190,673 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $21,287,681 | OtherCostOrOtherBasisAmt |
| Depreciation | $16,773,542 | DepreciationAmt |
| Book Value | $4,514,139 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $238,035,118 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| ALTERNATIVE INVESTMENTS | $1,848,063,842 | C |
| INVESTMENT IN SUB | $119,707,886 | C |
| TRUSTS | $58,335,470 | C |
| REAL ESTATE INVESTMENTS | $6,074,082 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $2,032,181,280 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| AGENCY DEPOSITS HELD IN TRUST | $694,421,126 |
| TRUST PAYMENT LIABILITIES | $17,120,311 |
| THIRD PARTY TRUST OBLIGATIONS | $2,288,639 |
| ANNUITY OBLIGATIONS | $6,705,282 |
| DUE TO PARENT CORP | -$1,316,180 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $719,219,178 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 4: | COLLECTIONS OF ART VINTAGE AND OTHER COLLECTION ITEMS ARE USED TO SUPPORT THE EDUCATIONAL AND RESEARCH MISSION OF VIRGINIA TECH. |
| PART V, LINE 4: | ENDOWMENT FUNDS THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 4,175 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. THE INTENT IS THAT THE PRINCIPAL OF THE ORIGINAL GIFT CAN BE USED TO PROVIDE A PERPETUAL STREAM OF FINANCIAL SUPPORT TO A PROGRAM, SCHOLARSHIP OR PROFESSORSHIP AT VIRGINIA TECH. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. |
| PART X, LINE 2: | INCOME TAXES THE FOUNDATION HAS ANALYZED FILING POSITIONS IN THE FEDERAL AND STATE JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS, AND NO RESERVES FOR UNCERTAIN TAX POSITIONS, NOR INTEREST AND PENALTIES, HAVE BEEN RECORDED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (4 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND & GREENLAND) | 4 | 0 | PROGRAM SERVICES | RENT | $321,952 |
| NORTH AMERICA | 0 | 0 | INVESTMENTS | $947,603 | |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | INVESTMENTS | $482,261,036 | |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | INVESTMENTS | $47,419,447 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 4 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 4 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $530,950,038 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $530,950,038 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| VIRGINIA POLYTECHNIC INSTITUTE & STATE UNIVERSITY | ||||||||
| 150 STUDENT SVCS BLVD | BLACKBURG | VA | 24061 | 546001805 | 115 | $20,913,907 | $0 | DEPARTMENT PROGRAMS |
| VIRGINIA POLYTECHNIC INSTITUTE & STATE UNIVERSITY | ||||||||
| 150 STUDENT SVCS BLVD | BLACKBURG | VA | 24061 | 546001805 | 115 | $31,276,162 | $0 | UNIVERSITY SALARIES |
| AZCMS CARES FOUNDATION | ||||||||
| 850 COVE PKWY STE A | COTTONWOOD | AZ | 86326 | 921923484 | 501(C)(3) | $30,000 | $0 | GENERAL SUPPORT (DAF) |
| FORDHAM UNIVERSITY | ||||||||
| 441 E FORDHAM ROAD FMH 512 | BRONX | NY | 10458 | 131740451 | 501(C)(3) | $10,000 | $0 | GENERAL SUPPORT (DAF) |
| COMMUNITY UNITED METHODIST CHURCH | ||||||||
| PO BOX 56 | BOWIE | AZ | 85605 | 860822311 | 501(C)(3) | $90,000 | $0 | GENERAL SUPPORT (DAF) |
| VIRGINIA POLYTECHNIC INSTITUTE & STATE UNIVERSITY | ||||||||
| 150 STUDENT SVCS BLVD | BLACKBURG | VA | 24061 | 546001805 | 115 | $44,855,081 | $0 | SCHOLARSHIP |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 4 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | PROCEDURE FOR MONITORING USE OF GRANT FUNDS INSIDE U.S. THE FOUNDATION MAKES GRANTS TO VIRGINIA TECH TO PROVIDE SCHOLARSHIPS TO STUDENTS AND SUPPORT OTHER INITIATIVES. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | 0 | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | Yes (1) | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (16 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MR DANIEL WARD | ||||||||||||||
| FORMER AVP/CIO ENDOWMMENT | $261,071 | $0 | $448,864 | $0 | $649,609 | $0 | $34,808 | $0 | $13,613 | $0 | $1,407,965 | $0 | $0 | $0 |
| DR TIMOTHY D SANDS | ||||||||||||||
| BOARD MEMBER-EX OFFICIO | $0 | $805,453 | $0 | $0 | $0 | $23,851 | $0 | $336,100 | $0 | $40,105 | $0 | $1,205,509 | $0 | $0 |
| MR CHARLES D PHLEGAR | ||||||||||||||
| BOARD MEMBER-EX OFFICIO | $0 | $783,793 | $0 | $0 | $0 | $33,394 | $0 | $126,100 | $0 | $34,821 | $0 | $978,108 | $0 | $0 |
| MR DAVID GREENBERG | ||||||||||||||
| CHIEF INVESMENT OFFICER | $495,204 | $0 | $350,000 | $0 | $75,925 | $0 | $0 | $0 | $19,014 | $0 | $940,143 | $0 | $0 | $0 |
| ELIZABETH A MCCLANAHAN | ||||||||||||||
| CHIEF EXECUTIVE OFFICER | $535,373 | $0 | $130,000 | $0 | $4,204 | $0 | $35,211 | $0 | $1,530 | $0 | $706,318 | $0 | $0 | $0 |
| DR AMY S SEBRING | ||||||||||||||
| BOARD MEMBER-EX OFFICIO | $0 | $538,732 | $0 | $0 | $0 | $2,862 | $0 | $118,251 | $0 | $46,008 | $0 | $705,853 | $0 | $0 |
| MR CHRIS KIWUS | ||||||||||||||
| BOARD MEMBER-EX OFFICIO (THRU 11/23) | $0 | $396,141 | $0 | $0 | $0 | $5,916 | $0 | $19,818 | $0 | $10,489 | $0 | $432,364 | $0 | $0 |
| MR ROBERT BOB BROYDEN | ||||||||||||||
| BOARD MEMBER-EX OFFICIO(AS OF 11/23) | $0 | $334,670 | $0 | $0 | $0 | $3,081 | $0 | $16,797 | $0 | $36,608 | $0 | $391,156 | $0 | $0 |
| MS TERRI T MITCHELL | ||||||||||||||
| ASSISTANT SECRETARY (AS OF 09/2023) | $267,885 | $0 | $0 | $0 | $1,242 | $0 | $36,440 | $0 | $31,329 | $0 | $336,896 | $0 | $0 | $0 |
| MS TAMMY COSTIGAN | ||||||||||||||
| CONTROLLER | $168,059 | $0 | $9,211 | $0 | $838 | $0 | $23,962 | $0 | $31,855 | $0 | $233,925 | $0 | $0 | $0 |
| MS ANNE B KEELER | ||||||||||||||
| CFO & TREASURER | $172,091 | $0 | $17,850 | $0 | $1,982 | $0 | $20,879 | $0 | $10,768 | $0 | $223,570 | $0 | $0 | $0 |
| MR JAMES FORD | ||||||||||||||
| DIRECTOR OF IT | $156,502 | $0 | $13,407 | $0 | $752 | $0 | $12,660 | $0 | $28,009 | $0 | $211,330 | $0 | $0 | $0 |
| MS CARRIE WOODRING | ||||||||||||||
| DIRECTOR OF REAL ESTATE | $130,991 | $0 | $19,249 | $0 | $1,176 | $0 | $17,470 | $0 | $31,095 | $0 | $199,981 | $0 | $0 | $0 |
| MS JANET TUCKWILLER | ||||||||||||||
| SENIOR ASSOCIATE GENERAL COUNSEL | $124,235 | $0 | $0 | $0 | $20,101 | $0 | $13,807 | $0 | $17,799 | $0 | $175,942 | $0 | $0 | $0 |
| MS MARY YOLANDA TRIGIANI | ||||||||||||||
| MANAGING DIRECTOR OF PLANNING | $134,652 | $0 | $8,033 | $0 | $3,141 | $0 | $15,481 | $0 | $7,962 | $0 | $169,269 | $0 | $0 | $0 |
| DR JOHN DOOLEY | ||||||||||||||
| FORMER CEO; SA VT ATHLETIC DIR | $144,000 | $0 | $0 | $0 | $2,962 | $0 | $57 | $0 | $0 | $0 | $147,019 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | SOCIAL CLUB DUES THE FOUNDATION PROVIDES MEMBERSHIPS AT THE UNIVERSITY CLUB OF VIRGINIA TECH FOR THE FOLLOWING EMPLOYEES: ELIZABETH A. MCCLANAHAN, ANNE B. KEELER, MR. KENNETH S. SMITH, AND DR. JOHN DOOLEY. THE AMOUNT IS TREATED AS TAXABLE COMPENSATION. |
| PART I, LINE 3 | COMPENSATION PROCESS VIRGINIA TECH FOUNDATION (VTF) RELIES UPON ITS COMPENSATION COMMITTEE, AND A RELATED ENTITY, VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY TO DETERMINE COMPENSATION FOR VTF. VTF'S COMPENSATION COMMITTEE REVIEWS THE SALARY AND BENEFITS OF THE VTF CHIEF EXECUTIVE OFFICER. THE COMPENSATION COMMITEE IS COMPRISED OF THE BOARD CHAIR AND TWO OR MORE ELECTED DIRECTORS. THOSE INDEPENDENT PERSONS RELY ON COMPARATIVE DATA ON SALARIES AND BENEFITS BEFORE ESTABLISHING COMPENSATION AND DOCUMENTING CONTEMPORANEOUSLY. THE ANNUAL BOARD APPROVED OPERATING BUDGET ESTABLISHES SALARIES AND BENEFITS FOR ALL OTHER VTF OFFICERS. PROFESSIONAL AND CLASSIFIED STAFF SALARIES AND THEIR EMPLOYEE BENEFITS, ARE DETERMINED BY THE CHIEF EXECUTIVE OFFICER. INFORMATION IS PROVIDED ON COMPARATIVE SALARIES AND BENEFITS FOR CONSIDERATION IN MAKING ADJUSTMENTS. THE ANNUAL BOARD APPROVED OPERATING BUDGET ESTABLISHES SALARIES AND BENEFITS FOR ALL OTHER VTF OFFICERS. |
| PART I, LINES 4A-B | SEVERANCE PAYMENT THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE FROM THE ORGANIZATION: MR. DANIEL WARD - $639,337 DEFERRED COMPENSATION DR. TIMOTHY SANDS, MR. CHARLES PHLEGAR, AND DR. AMY SEBRING ARE EMPLOYEES OF VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY AND THEY RECEIVE DEFERRED COMPENSATION AS A RESULT OF THEIR EMPLOYMENT AGREEMENT WITH THE VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY. VIRGINIA TECH REAL ESTATE FOUNDATION, INC. DOES NOT PROVIDE COMPENSATION TO DR. TIMOTHY SANDS, MR. CHARLES PHLEGAR, OR DR. AMY SEBRING. |
| PART I, LINE 5 | COMPENSATION CONTINGENT ON REVENUES THE FOUNDATION'S INVESTMENT MANAGEMENT STAFF ARE ELIGIBLE TO RECEIVE BONUSES BASED ON THE FOUNDATION'S 3 YEAR ENDOWMENT PERFORMANCE AND RANKING. THE BONUS PROGRAM WAS APPROVED BY THE INVESTMENT COMMITTEE OF THE FOUNDATION'S BOARD OF DIRECTORS, AND THE BONUS AWARDS ARE APPROVED BY THE CHIEF EXECUTIVE OFFICER AND PAID FROM THE FOUNDATION'S ENDOWMENT ANNUALLY. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| ECONOMIC DEVEL AUTHORITY OF MONTGOMERY COUNTY VIRGINIA | ||||||||
| A | 541643441 | 000000000 | 2022-10-26 | $5,510,203 | SEE PART VI | 0 | 0 | 0 |
| ECONOMIC DEVEL AUTHORITY OF MONTGOMERY COUNTY VIRGINIA | ||||||||
| B | 541643441 | 613741KJ5 | 2019-11-05 | $62,357,358 | SEE PART VI | 0 | 0 | 0 |
| ECONOMIC DEVEL AUTHORITY OF MONTGOMERY COUNTY VIRGINIA | ||||||||
| C | 541643441 | 000000000 | 2017-05-17 | $23,750,000 | SEE PART VI | 0 | 0 | 0 |
| ECONOMIC DEVEL AUTHORITY OF MONTGOMERY COUNTY VIRGINIA | ||||||||
| D | 541643441 | 613741GE1 | 2017-05-17 | $41,889,983 | SEE PART VI | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Capitalized InterestCapitalizedInterestAmt | UnspentUnspentAmt | Other Spent ProceedsOtherSpentProceedsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $389,489 | $5,540,319 | $110,203 | $5,430,116 | 2024 | 0 | 0 | Yes (1) | Yes (1) | |||
| B | $6,635,000 | $63,064,596 | $342,513 | $58,683,322 | 2023 | 0 | 0 | 0 | Yes (1) | $3,627,919 | $410,842 | |
| C | $18,815,000 | $23,750,000 | $75,000 | 2017 | Yes (1) | 0 | Yes (1) | Yes (1) | $23,675,000 | |||
| D | $10,890,000 | $41,889,983 | $275,025 | 2017 | Yes (1) | Yes (1) | Yes (1) | Yes (1) | $41,614,958 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Engage Bond Counsel ResearchEngageBondCounselResearchInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | Yes (1) | Yes (1) | Yes (1) | Yes (1) | Yes (1) | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| B | 0 | Yes (1) | Yes (1) | Yes (1) | Yes (1) | Yes (1) | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| C | 0 | Yes (1) | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) | ||
| D | 0 | Yes (1) | Yes (1) | Yes (1) | Yes (1) | Yes (1) | 0.01800 | 0.00000 | 0.01800 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | Yes (1) | 0 | Yes (1) | 0 | 0 | 0 | Yes (1) |
| D | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
| D | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE K, PART I, COLUMN A, LINES A,B,C,D: | FormAndLineReferenceDesc |
| Explanation | THE ISSUER NAME IS ECONOMIC DEVELOPMENT AUTHORITY OF MONTGOMERY COUNTY, VIRGINIA SCHEDULE K, PART I, COLUMN F, LINE A: THE PURPOSE OF SERIES 2022 IS FINANCING NEW CONSTRUCTION SCHEDULE K, PART I, COLUMN F, LINE B: THE PURPOSE OF SERIES 2019A IS FINANCING NEW CONSTRUCTION OF VARIOUS PROJECTS SCHEDULE K, PART I, COLUMN F, LINE C: THE PURPOSE OF SERIES 2017C IS TO CURRENTLY REFUND SERIES 2005 DATED: 08/25/2005 AND SERIES 2009A DATED: 02/12/2009 SCHEDULE K, PART I, COLUMN F, LINE D: THE PURPOSE OF SERIES 2017A IS TO ADVANCE REFUND SERIES 2010A DATED: 08/26/2010, ADVANCE REFUND SERIES 2011A DATED: 11/17/2011, AND TO CURRENT REFUND THE TAXABLE COLLEGIATE SQUARE NOTE SCHEDULE K, PART II, COLUMN A, LINE 3: SERIES 2022 - THE TOTAL PROCEEDS OF THE ISSUE DIFFERS FROM ISSUE PRICE DUE TO INVESTMENT EARNINGS OF $30,116. SCHEDULE K, PART II, COLUMN B, LINE 3: SERIES 2019A - THE TOTAL PROCEEDS OF THE ISSUE DIFFERS FROM ISSUE PRICE DUE TO INVESTMENT EARNINGS OF $707,238. SCHEDULE K, PART II, COLUMN C, LINE 11: SERIES 2017C - THE OTHER SPENT PROCEEDS ARE REFUNDING PROCEEDS OF THE ISSUE NO LONGER IN ESCROW SCHEDULE K, PART II, COLUMN D, LINE 11: SERIES 2017A - THE OTHER SPENT PROCEEDS ARE REFUNDING PROCEEDS OF THE ISSUE NO LONGER IN ESCROW SCHEDULE K, PART IV, COLUMN D, LINE 2C: SERIES 2017A - DATE REBATE CALCULATION WAS PERFORMED: MAY 17, 2022. | ExplanationTxt |
Schedule M IRS990ScheduleM
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $1,477 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Clothing And Household Goods ClothingAndHouseholdGoodsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $1,579 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Cars And Other Vehicles CarsAndOtherVehiclesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 3 | ContributionCnt |
| Noncash Contributions Rpt F990 | $85,194 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Boats And Planes BoatsAndPlanesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $10,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 421 | ContributionCnt |
| Noncash Contributions Rpt F990 | $29,591,441 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Collectibles CollectiblesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 8 | ContributionCnt |
| Noncash Contributions Rpt F990 | $4,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (4 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | SOFTWARE | 4 | $2,598,868 | FMV |
| Yes (X) | MISCELLANEOUS | 54 | $571,297 | FMV |
| Yes (X) | LIVESTOCK | 12 | $249,356 | FMV |
| Yes (X) | EQUIPMENT | 3 | $31,465 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 7 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 32B: | FormAndLineReferenceDesc |
| Explanation | THIRD PARTIES THE FOUNDATION MAY UTILIZE REAL ESTATE BROKERS, AUCTION HOUSES, OR BANKS TO SELL NONCASH CONTRIBUTIONS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | SIGNIFICANT CHANGES TO GOVERNING DOCUMENTS THE FILING ORGANIZATION'S BYLAWS WERE AMENDED IN SEPTEMBER 2023 TO: - UPDATE THE EX OFFICIO DIRECTOR POSITIONS TO: PRESIDENT OF VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY (THE "UNIVERSITY"), RECTOR OF THE BOARD OF VISITORS OF THE UNIVERSITY, PRESIDENT OF THE VIRGINIA TECH ALUMNI ASSOCIATE, PRESIDENT OF THE VIRGINIA TECH ATHLETIC FUND, EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFICER OF THE UNIVERSITY, SENIOR VICE PRESIDENT OF ADVANCEMENT OF THE UNIVERSITY, OR VICE PRESIDENT FOR CAMPUS PLANNING, INFRASTRUCTURE, AND FACILITIES OF THE UNIVERSITY. - UPDATE THE EXECUTIVE COMMITTEE TO CONSIST OF SIX (6) OR MORE ELECTED DIRECTORS APPOINTED BY THE CHAIR. - TO PERMIT CHAIR TO APPOINT ONE OF MORE INDIVIDUALS WHO ARE NOT MEMBERS OF THE BOARD ("AFFILIATE MEMBER") TO A STANDING COMMITTEE FOR A ONE-YEAR RENEWABLE TERM. AN AFFILIATED MEMBER SHALL BE A NON-VOTING MEMBER OF A STANDING COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 REVIEW VTF WORKS WITH ITS INDEPENDENT THIRD PARTY TAX CONSULTANTS TO PREPARE THE FORM 990. THE CFO AND CONTROLLER PERFORM A DETAILED REVIEW OF THE FORM PRIOR TO THE CEO'S REVIEW. A COPY OF THE FORM 990 IS PROVIDED TO THE FULL BOARD PRIOR TO FILING WITH IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST POLICY THE VIRGINIA TECH FOUNDATION, INC. HAS ADOPTED A CONFLICT OF INTEREST POLICY THAT REQUIRES EACH MEMBER (FOUNDATION BOARD OF DIRECTORS, OFFICERS, AND KEY EMPLOYEES (RESPONSIBLE PERSONS)) TO COMPLETE AN ANNUAL STATEMENT SETTING FORTH ANY AND ALL POTENTIAL AND ACTUAL CONFLICTS OF INTEREST THAT OCCURRED DURING THE PAST FISCAL YEAR. IN ADDITION TO THE STATEMENT, AN ANNUAL COMPLIANCE QUESTIONNAIRE MUST BE COMPLETED AND SUBMITTED BY EACH MEMBER. ALSO, IF A CONFLICT SHOULD ARISE THAT WAS NOT PREVIOUSLY DISCLOSED IN THE ANNUAL STATEMENT OR THE QUESTIONNAIRE, A STATEMENT MUST BE SUBMITTED TO THE VIRGINIA TECH FOUNDATION DISCLOSING THE FACTS OF THE SITUATION. THE EXECUTIVE COMMITTEE OF THE FOUNDATION REVIEWS THE QUESTIONNAIRES AND STATEMENTS AND WILL DETERMINE IF A CONFLICT DOES ACTUALLY EXIST. ANY INDIVIDUAL WITH A CONFLICT OF INTEREST WILL RECUSE HIMSELF OR HERSELF FROM DELIBERATIONS REGARDING THE RELEVANT MATTER. THE EXECUTIVE COMMITTEE SHALL DETERMINE WHETHER TO AUTHORIZE, APPROVE, OR RATIFY THE ARRANGEMENT/TRANSACTION BASED SOLELY ON WHETHER IT IS IN THE BEST INTERESTS OF THE FOUNDATION IN PERFORMING ITS MISSION. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION PROCESS VIRGINIA TECH FOUNDATION (VTF) RELIES UPON ITS COMPENSATION COMMITTEE, AND A RELATED ENTITY, VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY TO DETERMINE COMPENSATION FOR VTF. VTF'S COMPENSATION COMMITTEE REVIEWS THE SALARY AND BENEFITS OF THE VTF CHIEF EXECUTIVE OFFICER. THE COMPENSATION COMMITEE IS COMPRISED OF THE BOARD CHAIR AND TWO OR MORE ELECTED DIRECTORS. THOSE INDEPENDENT PERSONS RELY ON COMPARATIVE DATA ON SALARIES AND BENEFITS BEFORE ESTABLISHING COMPENSATION AND DOCUMENTING CONTEMPORANEOUSLY. THE ANNUAL BOARD APPROVED OPERATING BUDGET ESTABLISHES SALARIES AND BENEFITS FOR ALL OTHER VTF OFFICERS. PROFESSIONAL AND CLASSIFIED STAFF SALARIES AND THEIR EMPLOYEE BENEFITS, ARE DETERMINED BY THE CHIEF EXECUTIVE OFFICER. INFORMATION IS PROVIDED ON COMPARATIVE SALARIES AND BENEFITS FOR CONSIDERATION IN MAKING ADJUSTMENTS. THE ANNUAL BOARD APPROVED OPERATING BUDGET ESTABLISHES SALARIES AND BENEFITS FOR ALL OTHER VTF OFFICERS. |
| FORM 990, PART VI, SECTION C, LINE 19 | ORGANIZATION'S DOCUMENTS OPEN TO THE PUBLIC IN FULL COMPLIANCE WITH IRS VTF MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE EXTENT REQUIRED BY LAW. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUATION OF SPLIT INTEREST AGREEMENTS 4,133,112. CHANGE IN DEFERRED TAX LIABILITY -4,540,634. UNREALIZED SWAP INTEREST 34,766. CHANGE IN LIFE INSURANCE VALUATION 1,039,477. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| RIVER COURSE LLC | |||||||||
| 902 PRICES FORK ROAD STE 4000 | BLACKSBURG | VA | 24061 | 061654343 | GOLF COURSE | VA | $0 | $9,314,762 | VTF |
| VT TECHNOLOGY ASSETS LLC | |||||||||
| 902 PRICES FORK ROAD STE 4000 | BLACKSBURG | VA | 24061 | 540721690 | INFO TECH | VA | $59,050 | $5,723,263 | VTF |
| VTF-VEP II LLC | |||||||||
| 902 PRICES FORK ROAD STE 4000 | BLACKSBURG | VA | 24061 | 999999999 | INVESTMENTS | VA | $13,247,000 | $20,716,000 | VTF |
| MAROON ASIA I LLC | |||||||||
| 902 PRICES FORK ROAD STE 4000 | BLACKSBURG | VA | 24061 | 999999999 | INVESTMENTS | VA | $3,625,924 | $6,220,786 | VTF |
| MAROON US PCC LLC | |||||||||
| 902 PRICES FORK ROAD STE 4000 | BLACKSBURG | VA | 24061 | 999999999 | INVESTMENTS | VA | $0 | $149,970 | VTF |
| ORANGE US LLC | |||||||||
| 902 PRICES FORK ROAD STE 4000 | BLACKSBURG | VA | 24061 | 999999999 | INVESTMENTS | VA | $0 | $15,924,137 | VTF |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| VIRGINIA TECH REAL ESTATE FOUNDATION INC | |||||||||||
| 902 PRICES FORK ROAD STE 4000 | BLACKSBURG | VA | 24061 | 541528809 | PROPERTY MANAGEMENT | VA | 501(C)(3) | LINE 12A, I | VTF | Yes (1) | |
| VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY | |||||||||||
| 902 PRICES FORK ROAD STE 4000 | BLACKSBURG | VA | 24061 | 545001805 | UNIVERSITY | VA | LINE 2 | 0 | |||
| OLIVIO FERRARI FOUNDATION | |||||||||||
| 902 PRICES FORK ROAD STE 4000 | BLACKSBURG | VA | 24061 | EUROPEAN STUDY | VTF | Yes (1) | SZ | ||||
| UT PROSIM FOUNDATION | |||||||||||
| 902 PRICES FORK ROAD STE 4000 | BLACKSBURG | VA | 24061 | 880676933 | EUROPEAN STUDY | 501(C)(3) | LINE 10 | VTF | Yes (1) | SZ | |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOTEL ROANOKE LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 902 PRICES FORK ROAD STE 4000 | AddressLine1Txt |
| City | BLACKSBURG | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24061 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541702473 | EIN |
| Primary Activities | HOTEL OPERATIONS | PrimaryActivitiesTxt |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Disproportionate Allocations | 0 | DisproportionateAllocationsInd |
| General Or Managing Partner | 0 | GeneralOrManagingPartnerInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VIRGINIA TECH CORPORATE RESEARCH CENTER INC | ||||||||||||
| 1715 PRATT DRIVE STE 1000 | BLACKSBURG | VA | 24061 | 541324469 | RENTAL | VA | VTF | C | $8,831,545 | $20,568,187 | 1.00000 | Yes (1) |
| CHARITABLE REMAINDER UNITRUSTS - (67) | ||||||||||||
| 902 PRICES FORK ROAD STE 4000 | BLACKSBURG | VA | 24061 | TRUST | VA | VTF | T | Yes (1) | ||||
| HR FOUNDATION INC | ||||||||||||
| 902 PRICES FORK ROAD STE 4000 | BLACKSBURG | VA | 24061 | 541702474 | PROPERTY MGMT | VA | VTREF | C | Yes (1) | |||
| CHARITABLE REMAINDER ANNUITY TRUSTS - (3) | ||||||||||||
| 902 PRICES FORK ROAD STE 4000 | BLACKSBURG | VA | 24061 | TRUST | VA | VTF | T | Yes (1) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (1) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | Yes (1) | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (1) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (7 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| VIRGINIA TECH CORPORATE RESEARCH CENTER INC | ||
| L | $762,516 | FMV |
| VIRGINIA TECH REAL ESTATE FOUNDATION INC | ||
| L | $785,423 | FMV |
| VIRGINIA TECH CORPORATE RESEARCH CENTER INC | ||
| A | $2,561,003 | FMV |
| VIRGINIA TECH REAL ESTATE FOUNDATION INC | ||
| A | $6,378,247 | FMV |
| VIRGINIA TECH CORPORATE RESEARCH CENTER INC | ||
| F | $450,000 | FMV |
| VIRGINIA TECH REAL ESTATE FOUNDATION INC | ||
| F | $577,978 | FMV |
| VIRGINIA TECH REAL ESTATE FOUNDATION INC | ||
| R | $17,136,390 | FMV |