TO OUR INVESTORS

The mission of the Virginia Tech Foundation is to advance the academic, outreach, and research programs of Virginia Tech by providing financial support from nongovernmental sources and by undertaking strategic initiatives as requested by the university.

During a year of challenging financial markets and economic conditions, the foundation has preserved its assets and increased its financial support of Virginia Tech despite international stock and debt market turmoil. Private contributions to the foundation in support of the university´s programs reached an all-time high of $91.6 million as The Campaign for Virginia Tech: Invent the Future crossed the $683 million mark. The endowment increased slightly to $527.6 million despite declines in the broad investment market, providing $29.1 million to university programs.

Advancement of major university initiatives, both on and off campus, continued with the site acquisition for a major research facility proximate to federal research centers in Arlington, authorization by the General Assembly for transfer of property by the university to the foundation for the second phase of the Virginia Tech Corporate Research Center, groundbreaking for the new basketball practice facility adjacent to Cassell Coliseum, and construction of the Integrated Life Sciences Building in the Virginia Tech Corporate Research Center.

As a corporate citizen, the Virginia Tech Foundation has engaged in community development and enhanced economic capacity in the region. It´s responsible practices led to the designation of its Arlington research facility as a LEED-silver building, the use of geothermal heating in two new buildings at the Corporate Research Center, and stream-bank restoration on the Heth Farm property.

It is the financial support and engagement of our donors that make possible the Virginia Tech Foundation´s significant contribution to advancing the university. Together, we touch the lives of thousands of students, support cutting-edge research, and improve the quality of life within our region and around the world. Thank you for joining with us in this exciting endeavor.

Sincerely,

Charles W. Pryor Jr.
Chairman of the Board