The Virginia Tech Foundation was established in 1948 to receive, manage, and disburse private gifts in support of Virginia Tech. Virginia Tech was founded in 1872 and offers 215 programs to over 30,000 undergraduate and graduate students.
The Office of Investments and Debt Management (IDM) is overseen by the University Treasurer (UT) who also serves as the Associate Vice President for Finance for the Virginia Tech Foundation. IDM is responsible for the management, accounting and reporting of various operating and short-term investment funds for both Virginia Tech and the Virginia Tech Foundation. It is also responsible for the issuance and ongoing management of debt for both the University and the Foundation, as well as the management and reporting of the Foundation’s Consolidated Endowment Fund, the investment overview of the deferred gift program, and the management of the stock gift liquidation program.
The position will report to the IDM Administrative Assistant. Primary duties will include assisting with the budgetary process for IDM and receipt of all stock donations given multiple broker liquidation requirements and IRS gift value regulations. The position will also assist with the management and corresponding accounting of between $5 million and $15 million of annual stock liquidations and coordinate donor information with University Development and VTF personnel, as needed. The position will also assist with records management and requests for payment, and various audit and reconciliation responsibilities.