• For more than 15 years, the Virginia Tech Foundation, Inc. (VTF) has overseen the implementation and utilization of a reinvestment fee on all gifts to the Foundation on behalf of the university. With a new administration, increased fundraising goals, and evolving funding models, the Foundation leadership agreed it was appropriate to review the reinvestment fee structure to align the structure with current practices and financial strategies to meet our mission. Accordingly, the following memo was shared with university Vice Presidents, Vice Provosts, Deans, Directors, and Department Heads.
    Reinvestment Fee Memo

  • The foundation accounting department has released its fiscal 2017 year-end closing schedule. The year-end closing dates for deposits, disbursements, establishing new funds, and corrections to foundation funds are provided on the downloadable schedule. We ask that all departments put in their requests early to allow ample time for processing.

  • The foundation accounting department has released its fiscal 2017 year-end closing schedule. The year-end closing dates for deposits, disbursements, establishing new funds, and corrections to foundation funds are provided on the downloadable schedule. We ask that all departments put in their requests early to allow ample time for processing.

  • The Virginia Tech Foundation and Carilion Clinic today announced the formation of a $15 million VTC Innovation Fund focused on investing in life sciences and disruptive technology opportunities.

    The private fund will support late-seed and growth-stage companies in efforts to commercialize groundbreaking science and research as well as innovative products and solutions. Read the full article on VT News here.

  • BASIS, the student group that manages $5 million of Virginia Tech’s endowment by investing in bonds and other fixed-income securities, has generated about $2.5 million in gross returns for the Virginia Tech Foundation during its first decade. The group, whose name stands for Bond And Securities Investing by Students, recently celebrated the 10th anniversary of its first trade in 2006 by buying a 30-year Treasury bond with a 2.5 percent coupon and a $50,000 face value.

    Though its portfolio is a tiny fraction of the university’s $820 million endowment, BASIS provides a valuable experiential learning program for its members, said its faculty advisor, finance professor George Morgan. Read the full article on VT News here.

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