VIRGINIA TECH FOUNDATION INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: VIRGINIA TECH FOUNDATION INC (EIN 54-0721690)
Tax period: 2022-07-01 to 2023-06-30
Filed: 2024-05-15
IRS object ID: 202431369349310503
Schema version: 2022v5.0
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 K
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-05-15T13:32:45-05:00	ReturnTs
Tax Period End	2023-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	540504608	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	BROWN EDWARDS & COMPANY LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	3906 ELECTRIC ROAD	AddressLine1Txt
City	ROANOKE	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	24018	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2022-07-01	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	5402312265	PhoneNum
Signature	2024-05-14	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	ANNE	PersonFirstNm
Person Last	KEELER	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JEFFREY G BARBOUR	PreparerPersonNm
PTIN	P01331383	PTIN
Phone	5403450936	PhoneNum
Preparation	2024-05-14	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	ANNE KEELER	PrincipalOfficerNm

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

Field	Value	IRS element (for citing)
Gross Receipts	$1,982,822,196	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 FOR THE SOLE PURPOSE OF MANAGING VIRGINIA TECH'S ENDOWMENT AND REAL ESTATE PORTFOLIO, NOW VALUED AT $2.8 BILLION. 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	35	VotingMembersGoverningBodyCnt
Voting Members Independent	34	VotingMembersIndependentCnt
Total Employee	76	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$596,907	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$234,272	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$203,293,856	PYContributionsGrantsAmt
CY Contributions Grants	$134,749,837	CYContributionsGrantsAmt
PY Program Service Revenue	$26,495,037	PYProgramServiceRevenueAmt
CY Program Service Revenue	$17,651,437	CYProgramServiceRevenueAmt
PY Investment Income	$75,971,891	PYInvestmentIncomeAmt
CY Investment Income	$40,087,191	CYInvestmentIncomeAmt
PY Other Revenue	$11,312,152	PYOtherRevenueAmt
CY Other Revenue	$29,772,312	CYOtherRevenueAmt
PY Total Revenue	$317,072,936	PYTotalRevenueAmt
CY Total Revenue	$222,260,777	CYTotalRevenueAmt
PY Grants And Similar Paid	$36,381,353	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$39,513,978	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$6,403,809	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$8,622,875	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$19,267,335	CYTotalFundraisingExpenseAmt
PY Other Expenses	$158,667,229	PYOtherExpensesAmt
CY Other Expenses	$121,359,526	CYOtherExpensesAmt
PY Total Expenses	$201,452,391	PYTotalExpensesAmt
CY Total Expenses	$169,496,379	CYTotalExpensesAmt
PY Revenues Less Expenses	$115,620,545	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$52,764,398	CYRevenuesLessExpensesAmt
Total Assets BOY	$2,672,087,433	TotalAssetsBOYAmt
Total Assets EOY	$2,846,142,047	TotalAssetsEOYAmt
Total Liabilities BOY	$956,281,596	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,009,099,622	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$1,715,805,837	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$1,837,042,425	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, NOW VALUED AT $2.8 BILLION. 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.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$133,712,921	ExpenseAmt
Grant	$39,513,978	GrantAmt
Revenue	$20,298,408	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 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	$133,712,921	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
IRP Document	508	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	76	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	SG	ForeignCountryCd
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	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	35	GoverningBodyVotingMembersCnt
Independent Voting Member	34	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	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	0	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

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ELIZABETH A MCCLANAHAN	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
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 (39 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
MS STARLETTE B JOHNSON
CHAIR	2.00	Yes (X)	Yes (X)	$0	$0	$0
MR CHARLES D PHLEGAR
BOARD MEMBER-EX OFFICIO	2.00	Yes (X)	Yes (X)	$0	$852,167	$119,134	38.00
MR EDWARD H BAINE
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
MR OMAR M ASALI
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
MR CHRISTOPHER J BRIGHTMAN
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
MS MARGARET L CALLAHAN
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
MR NATHAN T LAVINKA
BOARD MEMBER-EX OFFICIO	2.00	Yes (X)		$0	$0	$0
MR KEVIN T CROFTON
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
MR STEPHEN T MASON
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
MR GREGORY C GODSEY
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
MR DONALD DON B HALLIWILL
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
MR JAMES G PETRINE
BOARD MEMBER-EX OFFICIO	2.00	Yes (X)		$0	$0	$0
MS TRACI J DESHAZOR
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
MR J BENJAMIN DOUGHTIE
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
DR AMY S SEBRING
BOARD MEMBER-EX OFFICIO	2.00	Yes (X)		$0	$164,717	$13,860
MR W LAKE WAGNER
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
COMMANDER MICHAEL E MELO
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
MR ROGER H MOORE
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
MR MARTY MUSCATELLO
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
MR WILLIAM N PARK
VICE CHAIR	2.00	Yes (X)		$0	$0	$0
MS RENAE C PEARSON
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
DR TIMOTHY D SANDS
BOARD MEMBER-EX OFFICIO	2.00	Yes (X)		$0	$818,961	$264,030	38.00
MS SHIRISH S SATHAYE
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
MR CHRISTOPHER M QUILLEN
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
MR RICHARD R WHITT III
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
MS JACQUELINE L ARCHER
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
MR J RYAN LINGERFELT
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
MS LAILA N ROSSI
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
MR JAMES N STRAWBRIDGE
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
MR GREGORY C THOMPSON
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
MR CHRISTOPHER W SHEAN
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
MS TERRI T MITCHELL
SECRETARY	40.00	Yes (X)	Yes (X)	$270,149	$0	$57,279
MR CHRIS KIWUS
BOARD MEMBER-EX OFFICIO	2.00	Yes (X)	Yes (X)	$0	$428,127	$45,230	38.00
MS LETITIA A LONG
BOARD MEMBER-EX OFFICIO	2.00	Yes (X)		$0	$0	$0
MR SUMEET V SINGH
BOARD MEMBER	2.00	Yes (X)		$0	$0	$0
ELIZABETH A MCCLANAHAN
CHIEF EXECUTIVE OFFICER	30.00		Yes (X)	$595,000	$0	$34,074	10.00
MR JOHN J CUSIMANO
AVP - TERM. JULY 2022	2.00			$61,186	$285,561	$22,555	38.00	Yes (X)
MR DANIEL WARD
AVP - TERM. JUNE 2023	40.00			$1,203,824	$0	$61,767		Yes (X)
MS CATHERINE POTTER
AVP/GENERAL COUNSEL-TERM. JAN. 2023	40.00			$234,149	$0	$38,822			Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$2,364,308	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$2,549,533	TotReportableCompRltdOrgAmt
Total Other Compensation	$656,751	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	4	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	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
MOBILE COMMUNICATIONS AMERICA INC
PO BOX 1458	CHARLOTTE	NC	28201	GENERAL EQUIPMENT REPAIR	$3,433,978
ENGLISH CONSTRUCTION COMPANY
PO BOX P7000	LYNCHBURG	VA	24505	CONSTRUCTION	$1,545,046
AVIS CONSTRUCTION COMPANY INC
521 RUTHERFORD AVE NE	ROANOKE	VA	24016	CONSTRUCTION	$1,285,976
L5 THE EXPO GROUP LTD
5931 W CAMPUS CIRCLE	IRVING	TX	75063	CONSULTING	$1,019,847
MCR INC
4800 E 345TH ST	WILLOUGHBY	OH	44094	PRINTING SERVICES	$648,651

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	26	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$134,749,837	AllOtherContributionsAmt
Noncash Contributions	$29,362,326	NoncashContributionsAmt
Total Contributions	$134,749,837	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
DEVELOPMENT & MANAGEME	900099	$5,506,150	$5,506,150
AFFILIATE MEMBERSHIP P	900099	$4,191,938	$4,191,938
MISC REVENUES	900099	$3,431,957	$3,431,957
SALES	900099	$1,387,771	$1,387,771
GRANTS & CONTRACTS WVT	900099	$1,020,882	$1,020,882

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,112,739	TotalRevenueColumnAmt
Related Or Exempt Func Income	$2,112,739	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$17,651,437	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$34,381,238	TotalRevenueColumnAmt
Exclusion	$34,381,238	ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$81,813	TotalRevenueColumnAmt
Exclusion	$81,813	ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$125	TotalRevenueColumnAmt
Exclusion	$125	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$34,362,397	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$17,812,631	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$16,549,766	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$16,549,766	TotalRevenueColumnAmt
Exclusion	$16,549,766	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$1,748,086,344	SecuritiesAmt
Other	$230,100	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$1,742,567,988	SecuritiesAmt
Other	$124,316	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$5,518,356	SecuritiesAmt
Other	$105,784	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$5,624,140	TotalRevenueColumnAmt
Exclusion	$5,624,140	ExclusionAmt

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	$76,373	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$56,484	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$19,889	TotalRevenueColumnAmt
Exclusion	$19,889	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	ExclusionExclusionAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
EQUITY IN SUBSIDIARIES	900099	$9,958,654	$9,958,654
MISCELLANEOUS REVENUE	900099	$2,646,971		$2,646,971
RIVERCOURSE	713910	$577,753			$577,753

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$19,154	TotalRevenueColumnAmt
Unrelated Business Revenue	$19,154	UnrelatedBusinessRevenueAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$13,202,532	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$222,260,777	TotalRevenueColumnAmt
Related Or Exempt Func Income	$20,298,408	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$596,907	UnrelatedBusinessRevenueAmt
Exclusion	$66,615,625	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$39,513,978	TotalAmt
Program Services	$39,513,978	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$2,242,435	TotalAmt
Management And General	$2,242,435	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$3,332,281	TotalAmt
Program Services	$1,580,792	ProgramServicesAmt
Management And General	$1,607,466	ManagementAndGeneralAmt
Fundraising	$144,023	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$522,990	TotalAmt
Program Services	$43,509	ProgramServicesAmt
Management And General	$479,481	ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$643,150	TotalAmt
Program Services	$46,483	ProgramServicesAmt
Management And General	$596,667	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$1,882,019	TotalAmt
Program Services	$47,092	ProgramServicesAmt
Management And General	$1,823,911	ManagementAndGeneralAmt
Fundraising	$11,016	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$23,691	TotalAmt
Management And General	$23,071	ManagementAndGeneralAmt
Fundraising	$620	FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$117,350	TotalAmt
Management And General	$117,350	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$975,754	TotalAmt
Program Services	$691,173	ProgramServicesAmt
Fundraising	$284,581	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$3,671,418	TotalAmt
Program Services	$1,918,643	ProgramServicesAmt
Management And General	$183,700	ManagementAndGeneralAmt
Fundraising	$1,569,075	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$497,642	TotalAmt
Program Services	$156,485	ProgramServicesAmt
Management And General	$86,685	ManagementAndGeneralAmt
Fundraising	$254,472	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$1,108,371	TotalAmt
Program Services	$795,516	ProgramServicesAmt
Management And General	$83,253	ManagementAndGeneralAmt
Fundraising	$229,602	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$3,410,708	TotalAmt
Program Services	$2,441,044	ProgramServicesAmt
Management And General	$52,856	ManagementAndGeneralAmt
Fundraising	$916,808	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$348,291	TotalAmt
Program Services	$294,840	ProgramServicesAmt
Management And General	$18,560	ManagementAndGeneralAmt
Fundraising	$34,891	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$6,244,861	TotalAmt
Program Services	$777,769	ProgramServicesAmt
Management And General	$5,467,092	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,529,610	TotalAmt
Program Services	$1,305,719	ProgramServicesAmt
Management And General	$195,322	ManagementAndGeneralAmt
Fundraising	$28,569	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$738,956	TotalAmt
Program Services	$542,999	ProgramServicesAmt
Management And General	$194,565	ManagementAndGeneralAmt
Fundraising	$1,392	FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
OTHER UNIVERSITY OPERAT	$32,420,152	$32,363,295	$14,406	$42,451
UNIVERSITY SALARY & WAG	$26,450,831	$16,106,953	$150,210	$10,193,668
UNIVERSITY SPONSORED RE	$13,009,555	$13,016,707	$1,075	-$8,227
MEALS & ENTERTAINMENT	$8,171,869	$7,026,695	$45,184	$1,099,990

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$22,640,467	TotalAmt
Program Services	$15,043,229	ProgramServicesAmt
Management And General	$3,132,834	ManagementAndGeneralAmt
Fundraising	$4,464,404	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$169,496,379	TotalAmt
Program Services	$133,712,921	ProgramServicesAmt
Management And General	$16,516,123	ManagementAndGeneralAmt
Fundraising	$19,267,335	FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$63,492,436	BOYAmt
EOY	$56,712,127	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$199,119,464	BOYAmt
EOY	$180,908,044	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$9,266,375	BOYAmt
EOY	$5,093,670	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$202,619,651	BOYAmt
EOY	$192,641,501	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$949,227	BOYAmt
EOY	$564,388	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$6,312,193	BOYAmt
EOY	$7,054,488	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$330,132,886	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$90,842,094	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$252,143,354	BOYAmt
EOY	$239,290,792	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$458,183,498	BOYAmt
EOY	$570,981,323	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$1,364,619,693	BOYAmt
EOY	$1,450,693,811	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,228,508	BOYAmt
EOY	$3,134,637	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$112,153,034	BOYAmt
EOY	$139,067,266	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,672,087,433	BOYAmt
EOY	$2,846,142,047	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$8,550,984	BOYAmt
EOY	$9,204,088	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$42,841,045	BOYAmt
EOY	$40,022,111	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$297,954,313	BOYAmt
EOY	$282,740,286	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$2,511,213	BOYAmt
EOY	$1,738,213	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$604,424,041	BOYAmt
EOY	$675,394,924	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$956,281,596	BOYAmt
EOY	$1,009,099,622	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	$408,528,874	BOYAmt
EOY	$458,513,424	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,307,276,963	BOYAmt
EOY	$1,378,529,001	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,715,805,837	BOYAmt
EOY	$1,837,042,425	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$2,672,087,433	BOYAmt
EOY	$2,846,142,047	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$52,764,398	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$65,943,918	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$2,528,272	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
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	$136,988,218	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$163,472,809	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$176,951,316	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$203,293,856	CurrentTaxYearMinus1YearAmt
Current Tax Year	$134,749,837	CurrentTaxYearAmt
Total	$815,456,036	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$136,988,218	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$163,472,809	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$176,951,316	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$203,293,856	CurrentTaxYearMinus1YearAmt
Current Tax Year	$134,749,837	CurrentTaxYearAmt
Total	$815,456,036	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total170	$815,456,036	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$47,342,867	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$43,023,472	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$44,751,929	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$30,632,275	CurrentTaxYearMinus1YearAmt
Current Tax Year	$68,825,573	CurrentTaxYearAmt
Total	$234,576,116	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$7,703,338	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$10,004,187	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$7,971,785	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	-$3,684,689	CurrentTaxYearMinus1YearAmt
Current Tax Year	$10,555,561	CurrentTaxYearAmt
Total	$32,550,182	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$1,082,582,334	TotalSupportAmt
Public Support CY170	0.75330	PublicSupportCY170Pct
Public Support PY170	0.77390	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

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	$92,864	FilingOrganizationsTotalAmt

Total Lobbying Expend TotalLobbyingExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$92,864	FilingOrganizationsTotalAmt

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$133,620,057	FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$133,712,921	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	$41,000	CurrentYearMinus3Amt
Current Year Minus2	$48,425	CurrentYearMinus2Amt
Current Year Minus1	$50,000	CurrentYearMinus1Amt
Current Year	$92,864	CurrentYearAmt
Total	$232,289	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 Grants	$60,000	DonorAdvisedFundsGrantsAmt
Donor Advised Funds Vl EOY	$1,272,825	DonorAdvisedFundsVlEOYAmt
Disclosed Org Leg Ctrl	Yes (1)	DisclosedOrgLegCtrlInd
Disclosed For Charitable Prps	Yes (1)	DisclosedForCharitablePrpsInd

Held Works Art HeldWorksArtGrp

Field	Value	IRS element (for citing)
Revenues Included	$87,500	RevenuesIncludedAmt
Assets Included	$7,122,094	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	$1,586,446,038	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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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 Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

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

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,088,549,847	BeginningYearBalanceAmt
Contributions	$188,130,951	ContributionsAmt
Investment Earnings Or Losses	$31,914,017	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$17,732,205	GrantsOrScholarshipsAmt
Other Expenditures	$15,754,829	OtherExpendituresAmt
Administrative Expenses	$16,411,937	AdministrativeExpensesAmt
End Year Balance	$1,258,695,844	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.03342	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.47628	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.49030	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	0	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	0	EndowmentsHeldRelatedOrgInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$111,892,808	OtherCostOrOtherBasisAmt
Book Value	$111,892,808	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$169,524,809	OtherCostOrOtherBasisAmt
Depreciation	$61,711,783	DepreciationAmt
Book Value	$107,813,026	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,322,169	OtherCostOrOtherBasisAmt
Depreciation	$766,674	DepreciationAmt
Book Value	$1,555,495	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$20,728,857	OtherCostOrOtherBasisAmt
Depreciation	$12,682,772	DepreciationAmt
Book Value	$8,046,085	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$25,664,243	OtherCostOrOtherBasisAmt
Depreciation	$15,680,865	DepreciationAmt
Book Value	$9,983,378	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$239,290,792	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (3 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
INVESTMENT IN SUB	$127,981,833	C
REAL ESTATE INVESTMENTS	$5,903,922	C
OTHER INVESTMENTS	$1,316,808,056	C

Field	Value	IRS element (for citing)
Total Book Value Securities	$1,450,693,811	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDesc	AmtAmt
AGENCY DEPOSITS HELD IN TRUST	$648,612,610
TRUST PAYMENT LIABILITIES	$18,146,516
THIRD PARTY TRUST OBLIGATIONS	$2,265,693
ANNUITY OBLIGATIONS	$6,370,105

Field	Value	IRS element (for citing)
Total Liability	$675,394,924	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART X, LINE 2:	THE INTERNAL REVENUE SERVICE HAS RULED THAT VTF AND VTREF QUALIFY UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND ARE, THEREFORE, NOT GENERALLY SUBJECT TO INCOME TAXES UNDER PRESENT TAX LAWS. THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. 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. THE ONLY PERIODS SUBJECT TO EXAMINATION ARE THE 2018 THROUGH 2021 TAX YEARS.
SCHEDULE D, PART III, LINE 4	COLLECTIONS OF ART VINTAGE AND OTHER COLLECTION ITEMS ARE USED TO SUPPORT THE EDUCATIONAL AND RESEARCH MISSION OF VIRGINIA TECH.
SCHEDULE D, PART V, LINE 4	ENDOWMENT FUNDS THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 4,038 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.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)

RegionRegionTxt	OfficesOfficesCnt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
EUROPE	4	PROGRAM SERVICES	RENT	$321,952
SUB-SAHARAN AFRICA	0	PROGRAM SERVICES	EDUCATION	$415
NORTH AMERICA	0	INVESTMENTS		$360,566,483

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	$360,888,850	SubtotalSpentAmt
Continuation Spent	$0	ContinuationSpentAmt
Total Spent	$360,888,850	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

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART III ACCOUNTING METHOD:	FormAndLineReferenceDesc

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	VIRGINIA POLYTECHNIC INSTITUTE & STATE UNIVERSITY	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	150 STUDENT SVCS BLVD	AddressLine1Txt
City	BLACKSBURG	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	24061	ZIPCd

Field	Value	IRS element (for citing)
Recipient EIN	546001805	RecipientEIN
IRC Section	115	IRCSectionDesc
Cash Grant	$39,513,978	CashGrantAmt
Non Cash Assistance	$0	NonCashAssistanceAmt
Purpose Of Grant	SCHOLARSHIPS	PurposeOfGrantTxt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	THE FOUNDATION MAKES GRANTS TO PROVIDE SCHOLARSHIPS TO STUDENTS OF VIRGINIA TECH.	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	0	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 (9 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
AVP - TERM. JUNE 2023	$532,549	$0	$121,275	$0	$550,000	$0	$38,819	$0	$22,948	$0	$1,265,591	$0	$0	$0
DR TIMOTHY D SANDS
BOARD MEMBER-EX OFFICIO	$0	$717,961	$0	$101,000	$0	$0	$0	$180,000	$0	$84,030	$0	$1,082,991	$0	$0
MR CHARLES D PHLEGAR
BOARD MEMBER-EX OFFICIO	$0	$821,167	$0	$31,000	$0	$0	$0	$35,000	$0	$84,134	$0	$971,301	$0	$0
ELIZABETH A MCCLANAHAN
CHIEF EXECUTIVE OFFICER	$494,000	$0	$101,000	$0	$0	$0	$32,544	$0	$1,530	$0	$629,074	$0	$0	$0
MR CHRIS KIWUS
BOARD MEMBER-EX OFFICIO	$0	$427,127	$0	$1,000	$0	$0	$0	$0	$0	$45,230	$0	$473,357	$0	$0
MR JOHN J CUSIMANO
AVP - TERM. JULY 2022	$61,186	$284,561	$0	$1,000	$0	$0	$0	$0	$0	$22,555	$61,186	$308,116	$0	$0
MS TERRI T MITCHELL
SECRETARY	$259,149	$0	$11,000	$0	$0	$0	$34,438	$0	$22,841	$0	$327,428	$0	$0	$0
MS CATHERINE POTTER
AVP/GENERAL COUNSEL-TERM. JAN. 2023	$234,149	$0	$0	$0	$0	$0	$25,492	$0	$13,330	$0	$272,971	$0	$0	$0
DR AMY S SEBRING
BOARD MEMBER-EX OFFICIO	$0	$164,717	$0	$0	$0	$0	$0	$0	$0	$13,860	$0	$178,577	$0	$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 1A	POLICY IS UNDER REVIEW AT 6/30/2023, TO INCLUDE PAYMENT OF UNIVERSITY CLUB DUES RELATED TO BUSINESS MEAL EXPENDITURES.
PART I, LINE 4A	VIRGINIA TECH FOUNDATION, INC. PAID $550,000 IN SEVERANCE PAY TO DANIEL WARD IN JUNE 2023.
PART I, LINE 5	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 SECRETARY TREASURER 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
A	541643441	613741EN3	2013-10-30	$18,650,559	SEE PART VI	0	0	0
ECONOMIC DEVEL AUTHORITY OF MONTGOMERY COUNTY
B	541643441	613741GE1	2017-05-17	$41,889,983	SEE PART VI	0	0	0
ECONOMIC DEVEL AUTHORITY OF MONTGOMERY COUNTY
C	541643441	XXXXXXXXX	2017-05-17	$23,750,000	SEE PART VI	0	0	0
ECONOMIC DEVEL AUTHORITY OF MONTGOMERY COUNTY
D	541643441	613741KJ5	2019-11-05	$62,357,358	SEE PART VI	0	0	0

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCd	RetiredRetiredAmt	Bond DefeasedBondDefeasedAmt	Total ProceedsTotalProceedsAmt	Capitalized InterestCapitalizedInterestAmt	Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt	Capital ExpendituresCapitalExpendituresAmt	Substantial CompletionSubstantialCompletionYr	Refunding Tax Exempt BondsRefundingTaxExemptBondsInd	Refunding Taxable BondsRefundingTaxableBondsInd	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd	Other Spent ProceedsOtherSpentProceedsAmt	UnspentUnspentAmt
A	$17,085,000	$11,605,000	$18,650,559	$828,296	$219,381	$17,602,882	2015	0	0	Yes (1)	Yes (1)
B	$7,915,000		$41,889,983		$275,025		2017	Yes (1)	Yes (1)	Yes (1)	Yes (1)	$41,614,958
C	$16,705,000		$23,750,000		$75,000		2017	Yes (1)	0	Yes (1)	Yes (1)	$23,675,000
D	$4,335,000		$62,975,886	$3,627,918	$342,450	$58,683,322		0	0	0	Yes (1)		$377,982

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCd	Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd	Any Research AgreementsAnyResearchAgreementsInd	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd	Engage Bond Counsel ContractsEngageBondCounselContractsInd	Engage Bond Counsel ResearchEngageBondCounselResearchInd
A	0	0	Yes (1)
B	Yes (1)	Yes (1)	Yes (1)	Yes (1)	Yes (1)
C	0	0	Yes (1)
D	0	0	Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCd	Rebate Not Due YetRebateNotDueYetInd	Exception To RebateExceptionToRebateInd	No Rebate DueNoRebateDueInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A	0	Yes (1)	Yes (1)	Yes (1)
B	Yes (1)	0	0	Yes (1)
C	Yes (1)	0	0	Yes (1)
D	0	0	Yes (1)	Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCd	Procedures Corrective ActionProceduresCorrectiveActionInd
A	Yes (1)
B	0
C	0
D	Yes (1)

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE K, PART I, COLUMN F:	LINE A, ENTITY 1: THE PURPOSE OF SERIES 2013A IS FINANCING NEW CONSTRUCTION OF VARIOUS PROJECTS LINE B: 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 LINE C: THE PURPOSE OF SERIES 2017C IS TO CURRENTLY REFUND SERIES 2005 DATED: 08/25/2005 AND SERIES 2009A DATED: 02/12/2009 LINE D: THE PURPOSE OF SERIES 2019A IS FINANCING NEW CONSTRUCTION OF VARIOUS PROJECTS LINE A, ENTITY 2: THE PURPOSE OF SERIES 2022 IS FINANCING NEW CONSTRUCTION
SCHEDULE K, PART II, LINE 3:	COLUMN A, ENTITY 2: SERIES 2022 - THE TOTAL PROCEEDS OF THE ISSUE DIFFERS FROM ISSUE PRICE DUE TO INVESTMENT EARNINGS OF $30,172 COLUMN D: SERIES 2019A - THE TOTAL PROCEEDS OF THE ISSUE DIFFERS FROM ISSUE PRICE DUE TO INVESTMENT EARNINGS OF $674,314
SCHEDULE K, PART II, LINE 11:	COLUMN C: SERIES 2017C - THE OTHER SPENT PROCEEDS ARE REFUNDING PROCEEDS OF THE ISSUE NO LONGER IN ESCROW COLUMN B: SERIES 2017A - THE OTHER SPENT PROCEEDS ARE REFUNDING PROCEEDS OF THE ISSUE NO LONGER IN ESCROW
SCHEDULE K, PART IV, LINE 2C:	COLUMN A, ENTITY 1: SERIES 2013A - DATE REBATE CALCULATION WAS PERFORMED: OCTOBER 13, 2018 COLUMN C: SERIES 2017A - DATE REBATE CALCULATION WAS PERFORMED: MAY 17, 2022.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd

Issuer Name IssuerName

Field	Value	IRS element (for citing)
Business Name Line1	ECONOMIC DEVEL AUTHORITY OF MONTGOMERY COUNTY	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Bond Issuer EIN	541643441	BondIssuerEIN
CUSIP	XXXXXXXXX	CUSIPNum
Bond Issued	2022-10-26	BondIssuedDt
Issue Price	$5,510,203	IssuePriceAmt
Purpose	SEE PART VI	PurposeDesc
Defeased	0	DefeasedInd
On Behalf Of Issuer	0	OnBehalfOfIssuerInd
Pool Financing	0	PoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Retired	$131,364	RetiredAmt
Total Proceeds	$5,540,319	TotalProceedsAmt
Issuance Costs From Proceeds	$110,203	IssuanceCostsFromProceedsAmt
Capital Expenditures	$5,430,375	CapitalExpendituresAmt
Refunding Tax Exempt Bonds	0	RefundingTaxExemptBondsInd
Refunding Taxable Bonds	0	RefundingTaxableBondsInd
Final Allocation Made	Yes (1)	FinalAllocationMadeInd
Adequate Books And Rec Maint	Yes (1)	AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Owning Bond Financed Property	0	OwningBondFinancedPropertyInd
Any Lease Arrangements	0	AnyLeaseArrangementsInd
Mgmt Contract Bond Fincd Prop	0	MgmtContractBondFincdPropInd
Any Research Agreements	0	AnyResearchAgreementsInd
Bond Iss Meet Prvt Sec Pymt Test	0	BondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed Prop	0	ChangeInUseBondFinancedPropInd
Procs Nonqualified Bond Remdtd	Yes (1)	ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Form8038 T Filed	0	Form8038TFiledInd
Rebate Not Due Yet	Yes (1)	RebateNotDueYetInd
Exception To Rebate	0	ExceptionToRebateInd
No Rebate Due	0	NoRebateDueInd
Variable Rate Issue	0	VariableRateIssueInd
Hedge Identified In Bks And Rec	0	HedgeIdentifiedInBksAndRecInd
Gross Proceeds Invested In GIC	0	GrossProceedsInvestedInGICInd
Gross Proceeds Invested	0	GrossProceedsInvestedInd
Written Proc To Monitor Reqs	Yes (1)	WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Procedures Corrective Action	Yes (1)	ProceduresCorrectiveActionInd

Schedule M IRS990ScheduleM

Art Fractional Interest ArtFractionalInterestGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	2	ContributionCnt
Noncash Contributions Rpt F990	$10,000	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Books And Publications BooksAndPublicationsGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Noncash Contributions Rpt F990	$2,000	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	$5,000	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	4	ContributionCnt
Noncash Contributions Rpt F990	$20,000	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	336	ContributionCnt
Noncash Contributions Rpt F990	$10,368,762	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Real Estate Residential RealEstateResidentialGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$672,000	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Real Estate Commercial RealEstateCommercialGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	2	ContributionCnt
Noncash Contributions Rpt F990	$11,644,000	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Collectibles CollectiblesGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	4	ContributionCnt
Noncash Contributions Rpt F990	$2,000	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	$4,075,000	FMV
Yes (X)	MISCELLANEOUS	83	$1,366,564	FMV
Yes (X)	EQUIPMENT	5	$1,090,000	FMV
Yes (X)	LIVESTOCK	25	$107,000	FMV

Field	Value	IRS element (for citing)
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	VARIOUS REAL ESTATE BROKERS ARE UTILIZED TO ASSIST WITH THE SALE OF DONATED PROPERTIES.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11B	MANAGEMENT AND THE FOUNDATION ACCOUNTING STAFF PROVIDE THE NECESSARY FINANCIAL AND OTHER INFORMATION TO THE FOUNDATION'S INDEPENDENT THIRD PARTY TAX CONSULTANTS. THE TAX CONSULTANTS REVIEW AND COMPILE THE INFORMATION INTO THE 990 AND 990T FORMS AND PROVIDE A DRAFT TO MANAGEMENT. THE CFO AND CONTROLLER PERFORM A DETAILED REVIEW OF THE FORM PRIOR TO FORWARDING IT TO THE CEO FOR REVIEW. ANY ISSUES AFTER THESE REVIEWS ARE COMMUNICATED BACK TO THE THIRD PARTY TAX CONSULTANTS AND ARE CORRECTED AND ADDRESSED BY BOTH PARTIES. PRIOR TO THE FILING DEADLINE, THE FORMS ARE ELECTRONICALLY PROVIDED TO ALL MEMBERS OF THE FOUNDATION BOARD OF DIRECTORS. IF THERE ARE NO COMMENTS OR ISSUES THAT COULD NOT BE RESOLVED, AN AUTHORIZED OFFICER THEN SIGNS THE TRANSMITTAL FORM TO PERMIT THE ELECTRONIC FILING ON BEHALF OF THE FOUNDATION. DISCLOSURE OF THE 990 AND 990T WILL BE MADE IN FULL COMPLIANCE WITH THE REQUIREMENTS ESTABLISHED BY THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	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. 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 15A	BOARD OF DIRECTORS DIRECTORS RECEIVE NO COMPENSATION FOR SERVICE TO THE FOUNDATION. OFFICERS SALARY AND BENEFITS FOR THE CHIEF EXECUTIVE OFFICER ARE APPROVED BY THE FOUNDATION'S COMPENSATION COMMITTEE, WHICH INCLUDES THE BOARD CHAIR AND TWO OR MORE ELECTED DIRECTORS. COMPARATIVE SALARY AND BENEFITS INFORMATION IS PROVIDED TO THE COMMITTEE FOR ITS CONSIDERATION IN MAKING ADJUSTMENTS. THE ANNUAL BOARD-APPROVED OPERATING BUDGET ESTABLISHES SALARIES AND BENEFITS FOR ALL OTHER FOUNDATION OFFICERS. PROFESSIONAL AND CLASSIFIED STAFF PROFESSIONAL AND CLASSIFIED STAFF SALARIES, AND EMPLOYEE BENEFITS, ARE DETERMINED BY THE CHIEF EXECUTIVE OFFICER AND INCLUDED IN THE BOARD-APPROVED ANNUAL OPERATING BUDGET. COMPARATIVE MARKET AND OTHER DATA ARE USED IN ESTABLISHING AND ADJUSTING SALARIES AND PROVIDING BENEFITS.
FORM 990, PART VI, SECTION C, LINE 19	UPON REQUEST
FORM 990, PART IX, LINE 24E	INDEPENDENT & PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 4,522,081. MANAGEMENT AND GENERAL EXPENSES 741,898. FUNDRAISING EXPENSES 1,855,663. TOTAL EXPENSES 7,119,642. NON MONETARY SUPPORT TO PROGRAMS: PROGRAM SERVICE EXPENSES 6,284,022. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,284,022. RADIO STATION: PROGRAM SERVICE EXPENSES 1,883,298. MANAGEMENT AND GENERAL EXPENSES 2,240,101. FUNDRAISING EXPENSES 417,457. TOTAL EXPENSES 4,540,856. PUBLIC RELATIONS: PROGRAM SERVICE EXPENSES 1,878,166. MANAGEMENT AND GENERAL EXPENSES 117,867. FUNDRAISING EXPENSES 1,252,628. TOTAL EXPENSES 3,248,661. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 1,223,513. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 456,427. TOTAL EXPENSES 1,679,940. UNIVERSITY EQUIPMENT PURCHASES: PROGRAM SERVICE EXPENSES 1,364,816. MANAGEMENT AND GENERAL EXPENSES 5,849. FUNDRAISING EXPENSES 71,213. TOTAL EXPENSES 1,441,878. RIVERCOURSE: PROGRAM SERVICE EXPENSES 915,101. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 915,101. PROFESSIONAL MEMBERSHIPS: PROGRAM SERVICE EXPENSES 759,580. MANAGEMENT AND GENERAL EXPENSES 20,832. FUNDRAISING EXPENSES 98,860. TOTAL EXPENSES 879,272. OTHER EQUIPMENT RENTALS: PROGRAM SERVICE EXPENSES 511,914. MANAGEMENT AND GENERAL EXPENSES 4,792. FUNDRAISING EXPENSES 310,180. TOTAL EXPENSES 826,886. MAINTENANCE: PROGRAM SERVICE EXPENSES 190,647. MANAGEMENT AND GENERAL EXPENSES 1,495. FUNDRAISING EXPENSES 1,976. TOTAL EXPENSES 194,118. ANNUITY GIVING: PROGRAM SERVICE EXPENSES 50,720. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50,720. INCOME TAX BENEFIT: PROGRAM SERVICE EXPENSES -4,540,629. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -4,540,629.
FORM 990, PART XI, LINE 9:	CHANGE IN VALUATION OF SPLIT INTEREST AGREEMENTS 2,528,272.
FORM 990 PART XII, LINE 2C	THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
990 PART V, LINE 3A	A LETTER RULING WAS REQUESTED UNDER SECTIONS 512 AND 514 OF THE INTERNAL REVENUE CODE. THE LETTER DATED SEPTEMBER 24, 2018 RULES THAT REIMBURSEMENT TO THE FOUNDATION FROM A DONATING CHARITBALE TRUST OF NORMAL AND CUSTOMARY MANAGEMENT FEES AND OTHER EXPENSES SHALL NOT BE TREATED AS UNRELATED BUSINESS INCOME FOR PURPOSES OF SECTION 512 OR 514. PLR-114859-18
FORM 990 PART VI, LINE 16B	THE FOUNDATION ADOPTED A JOINT VENTURE POLICY ON SEPTEMBER 1, 2009. THE POLICY REQUIRES THAT THE FOUNDATION EVALUATE ITS PARTICIPATION IN JOINT VENTURE AGREEMENTS UNDER FEDERAL TAX LAW AND TAKE STEPS TO SAFEGUARD THE FOUNDATION'S EXEMPT STATUS WITH RESPECT TO SUCH ARRANGEMENTS.

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
RIVER COURSE LLC
902 PRICES FORK ROAD STE 4000	BLACKSBURG	VA	24061	061654343	GOLF COURSE	VA	$654,126	$9,738,383
VT TECHNOLOGY ASSETS LLC
902 PRICES FORK ROAD STE 4000	BLACKSBURG	VA	24061	540721690	INFO TECH	VA	$108,716	$6,841,556
VTF-VEP II LLC
902 PRICES FORK ROAD STE 4000	BLACKSBURG	VA	24061	999999999	INVESTMENTS	VA		$3,000,001
MAROON ASIA I LLC
902 PRICES FORK ROAD STE 4000	BLACKSBURG	VA	24061	999999999	INVESTMENTS	VA		$6,220,786
MAROON US PCC LLC
902 PRICES FORK ROAD STE 4000	BLACKSBURG	VA	24061	999999999	INVESTMENTS	VA		$149,970
ORANGE US LLC
902 PRICES FORK ROAD STE 4000	BLACKSBURG	VA	24061	999999999	INVESTMENTS	VA

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	Controlled OrganizationControlledOrganizationInd	Legal Domicile Foreign CountryLegalDomicileForeignCountryCd
VA TECH REAL ESTATE FOUNDATION INC
902 PRICES FORK ROAD STE 4000	BLACKSBURG	VA	24061	541528809	PROPERTY MANAGEMENT	VA	501(C)(3)	LINE 12A, I	Yes (1)
VIRGINIA POLYTECHNIC INST & STATE UNIVERSITY
201 SOUTHGATE CENTER	BLACKSBURG	VA	24061	545001805	UNIVERSITY	VA	115	LINE 2	0
THE FERRARI FOUNDATION
902 PRICES FORK ROAD STE 4000	BLACKSBURG	VA	24061		EUROPEAN STUDY				Yes (1)	SZ
UT PROSIM FOUNDATION
902 PRICES FORK ROAD STE 4000	BLACKSBURG	VA	24061	880676933	EUROPEAN STUDY				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
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
1715 PRATT DRIVE STE 1000	BLACKSBURG	VA	24061	541324469	RENTAL	VA	VTF	C	$7,868,048	$23,184,108	1.00000	Yes (1)
CHARITABLE REMAINDER UNITRUSTS - 67 FUNDS
902 PRICES FORK ROAD STE 4000	BLACKSBURG	VA	24061		TRUST	VA		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 FUNDS
902 PRICES FORK ROAD STE 4000	BLACKSBURG	VA	24061		TRUST	VA		T				0

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	0	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 (8 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
VIRGINIA TECH CORPORATE RESEARCH CENTER
L	$681,483	FMV
VA TECH REAL ESTATE FOUNDATION
L	$513,386	FMV
VIRGINIA TECH CORPORATE RESEARCH CENTER
A	$2,500,207	FMV
VA TECH REAL ESTATE FOUNDATION
A	$6,737,419	FMV
VIRGINIA TECH CORPORATE RESEARCH CENTER
F	$450,000	FMV
VA TECH REAL ESTATE FOUNDATION
F	$571,865	FMV
VIRGINIA TECH CORPORATE RESEARCH CENTER
B	$46,862	FMV
VA TECH REAL ESTATE FOUNDATION
R	$24,444,000	FMV