VIRGINIA TECH FOUNDATION INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- VIRGINIA TECH FOUNDATION INC (EIN 54-0721690)
- Tax period
- 2021-07-01 to 2022-06-30
- Filed
- 2023-05-15
- IRS object ID
- 202331359349302283
- Schema version
- 2021v4.2
- 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 | 2023-05-15T08:51:28-05:00 | ReturnTs |
| Tax Period End | 2022-06-30 | 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 | 2021-07-01 | 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 | ELIZABETH A MCCLANAHAN | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 5402312265 | PhoneNum |
| Signature | 2023-05-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ELIZABETH | PersonFirstNm |
| Person Last | MCCLANAHAN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JEFFREY G BARBOUR | PreparerPersonNm |
| PTIN | P01331383 | PTIN |
| Phone | 5403450936 | PhoneNum |
| Preparation | 2023-05-11 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | 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 RD STE 4000 | AddressLine1Txt |
| City | BLACKSBURG | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24061 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $2,625,608,289 | 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 | THE FOUNDATION RECEIVES, MANAGES, AND DISBURSES PRIVATE GIFTS IN SUPPORT OF PROGRAMS AT VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY (VIRGINIA TECH). | ActivityOrMissionDesc |
| Voting Members Governing Body | 34 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 34 | VotingMembersIndependentCnt |
| Total Employee | 76 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $6,005,155 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $968,217 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $176,951,316 | PYContributionsGrantsAmt |
| CY Contributions Grants | $203,293,856 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $17,075,178 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $26,495,037 | CYProgramServiceRevenueAmt |
| PY Investment Income | $129,580,147 | PYInvestmentIncomeAmt |
| CY Investment Income | $75,971,891 | CYInvestmentIncomeAmt |
| PY Other Revenue | $15,071,465 | PYOtherRevenueAmt |
| CY Other Revenue | $11,312,152 | CYOtherRevenueAmt |
| PY Total Revenue | $338,678,106 | PYTotalRevenueAmt |
| CY Total Revenue | $317,072,936 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $32,774,808 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $36,381,353 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $5,996,312 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $6,403,809 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $17,032,463 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $75,820,501 | PYOtherExpensesAmt |
| CY Other Expenses | $158,667,229 | CYOtherExpensesAmt |
| PY Total Expenses | $114,591,621 | PYTotalExpensesAmt |
| CY Total Expenses | $201,452,391 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $224,086,485 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $115,620,545 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,705,348,340 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,672,087,433 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $975,869,416 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $956,281,596 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,729,478,924 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,715,805,837 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE FOUNDATION RECEIVES, INVESTS, AND MANAGES PRIVATE ASSETS HELD FOR THE SUPPORT OF PROGRAMS AT VIRGINIA TECH AND TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF THE UNIVERSITY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $167,725,993 | ExpenseAmt |
| Grant | $36,381,353 | GrantAmt |
| Revenue | $26,495,037 | RevenueAmt |
| Desc | VIRGINIA TECH FOUNDATION SUPPORTS THE PROGRAMS OF VIRGINIA TECH. THE FOUNDATION DOES THIS BY GENERATING FUNDING FROM PRIVATE SOURCES AND AGGRESSIVELY MANAGING ITS ASSETS TO SUPPLEMENT STATE APPROPRIATIONS, TUITION, AND OTHER SOURCES OF FUNDS. THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO STUDENTS, ADDITIONAL OPERATING SUPPORT TO COLLEGES AND DEPARTMENTS, ASSISTS IN THE FUNDING OF MAJOR BUILDING PROJECTS, PROVIDES SEED CAPITAL FOR NEW UNIVERSITY INITIATIVES, AND INITIATES MAJOR PROJECTS AS REQUESTED BY THE UNIVERSITY. IN ADDITION, THE FOUNDATION MANAGES VIRGINIA TECH'S ENDOWMENT. THE FOUNDATION DEPLOYS CAPITAL IN WAYS THAT SERVE THE INTERESTS NOT ONLY OF THE UNIVERSITY, BUT ALSO OF ITS REGIONS. | Desc |
| Total Program Service Expenses | $167,725,993 | 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 | 412 | 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 | 34 | 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 | 5402312265 | 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 (44 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 | |||||||||
| EXECUTIVE VICE PRESIDENT | 2.00 | Yes (X) | Yes (X) | $0 | $725,262 | $138,249 | 38.00 | ||
| DR DWAYNE L PINKNEY | |||||||||
| EXECUTIVE VICE PRESIDENT | 2.00 | Yes (X) | Yes (X) | $0 | $476,300 | $79,761 | 38.00 | ||
| MR JOHN C ASBURY | |||||||||
| 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 | ||||
| MS DESERIA CREIGHTON-BARNEY | |||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR KEVIN T CROFTON | |||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR JOHN C FERNANDO | |||||||||
| 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 | ||||
| MS SANDRA C DAVIS | |||||||||
| BOARD MEMBER | 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 | ||||
| MR RYAN D LEWELLYN | |||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MS LETITIA A LONG | |||||||||
| 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 | |||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MS RENAE C PEARSON | |||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR JAY S POOLE | |||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| DR TIMOTHY D SANDS | |||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $614,640 | $93,338 | 38.00 | |||
| MS SHIRISH S SATHAYE | |||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR BENJAMIN Z STALLINGS | |||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MS FAY H STREET | |||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR CHRISTOPHER M QUILLEN | |||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR RICHARD RICHIE R WHITT III | |||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MS JACQUELINE JACKIE 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 JIM N STRAWBRIDGE | |||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR GREGORY GREG C THOMPSON | |||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR CHRISTOPHER W SHEAN | |||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MR SUMEET V SINGH | |||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| MS TERRI T MITCHELL | |||||||||
| SECRETARY | 40.00 | Yes (X) | Yes (X) | $244,388 | $0 | $53,244 | |||
| MR CHRIS KIWUS | |||||||||
| EXECUTIVE VICE PRESIDENT | 2.00 | Yes (X) | Yes (X) | $0 | $337,597 | $37,466 | 38.00 | ||
| ELIZABETH A MCCLANAHAN | |||||||||
| CHIEF EXECUTIVE OFFICER | 30.00 | Yes (X) | $300,000 | $0 | $30,314 | 10.00 | |||
| MR JOHN J CUSIMANO | |||||||||
| TREASURER | 2.00 | $0 | $268,338 | $54,813 | 38.00 | Yes (X) | |||
| MR DANIEL WARD | |||||||||
| CIO ENDOWMENT | 40.00 | $508,178 | $0 | $59,202 | Yes (X) | ||||
| MR EBENHARD STODDARD | |||||||||
| INVESTMENT MANAGER | 40.00 | $228,792 | $0 | $47,303 | Yes (X) | ||||
| MR BRYAN H BOEHLING | |||||||||
| INVESTMENT MANAGER | 40.00 | $227,438 | $0 | $33,307 | Yes (X) | ||||
| MS CATHERINE POTTER | |||||||||
| ASSOC VP/GENERAL COUNSEL | 40.00 | $223,109 | $0 | $37,049 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,731,905 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $2,422,137 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $664,046 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 6 | 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 |
|---|---|---|---|---|---|
| ENGLISH CONSTRUCTION COMPANY | |||||
| PO BOX P7000 | LYNCHBURG | VA | 24505 | CONSTRUCTION | $9,832,190 |
| ET GRESHAM COMPANY INC | |||||
| P O BOX 1077 | NORFOLK | VA | 23501 | CONSTRUCTION | $4,785,658 |
| L5 THE EXPO GROUP LTD | |||||
| 5931 W CAMPUS CIRCLE | IRVING | TX | 75063 | CONSULTING | $913,749 |
| AVIS CONSTRUCTION COMPANY INC | |||||
| 521 RUTHERFORD AVE NE | ROANOKE | VA | 24016 | CONSTRUCTION | $541,777 |
| MCR INC | |||||
| 4800 E 345TH ST | WILLOUGHBY | OH | 44094 | PRINTING SERVICES | $530,614 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 16 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $203,293,856 | AllOtherContributionsAmt |
| Noncash Contributions | $74,924,142 | NoncashContributionsAmt |
| Total Contributions | $203,293,856 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| GRANTS & CONTRACTS WVTF | 900099 | $8,403,578 | $8,403,578 |
| DEVELOPMENT & MANAGEMENT ENDOWMEN | 900099 | $6,141,885 | $6,141,885 |
| MISC REVENUES | 900099 | $5,518,067 | $5,518,067 |
| AFFILIATE MEMBERSHIP PROGRAM | 900099 | $4,328,019 | $4,328,019 |
| SALES | 900099 | $1,283,140 | $1,283,140 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $820,348 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $820,348 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $26,495,037 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $27,589,609 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $4,580,707 | UnrelatedBusinessRevenueAmt |
| Exclusion | $23,008,902 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $31,554 | TotalRevenueColumnAmt |
| Exclusion | $31,554 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $420 | TotalRevenueColumnAmt |
| Exclusion | $420 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $30,415,710 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $15,416,463 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $14,999,247 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,999,247 | TotalRevenueColumnAmt |
| Exclusion | $14,999,247 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,335,399,039 | SecuritiesAmt |
| Other | $5,948,482 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,288,818,530 | SecuritiesAmt |
| Other | $4,178,263 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $46,580,509 | SecuritiesAmt |
| Other | $1,770,219 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $48,350,728 | TotalRevenueColumnAmt |
| Exclusion | $48,350,728 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $150,089 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $122,097 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $27,992 | TotalRevenueColumnAmt |
| Exclusion | $27,992 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| EQUITY IN SUBSIDIARIES | 900099 | $5,956,909 | $5,956,909 | |
| RIVERCOURSE | 713910 | $1,422,388 | $1,422,388 | |
| ALUMNI TOURS | 900099 | $2,060 | $2,060 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$11,096,864 | TotalRevenueColumnAmt |
| Exclusion | -$11,096,864 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | -$3,715,507 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $317,072,936 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $26,495,037 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $6,005,155 | UnrelatedBusinessRevenueAmt |
| Exclusion | $81,278,888 | 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 | $36,381,353 | TotalAmt |
| Program Services | $36,381,353 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,195,325 | TotalAmt |
| Management And General | $1,195,325 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,048,518 | TotalAmt |
| Program Services | $286,230 | ProgramServicesAmt |
| Management And General | $1,762,288 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $526,805 | TotalAmt |
| Program Services | $32,719 | ProgramServicesAmt |
| Management And General | $494,086 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $822,244 | TotalAmt |
| Program Services | $49,304 | ProgramServicesAmt |
| Management And General | $772,940 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,810,917 | TotalAmt |
| Program Services | $17,027 | ProgramServicesAmt |
| Management And General | $1,793,890 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $74,468 | TotalAmt |
| Program Services | $73,848 | ProgramServicesAmt |
| Fundraising | $620 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $98,819 | TotalAmt |
| Management And General | $98,819 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,000 | TotalAmt |
| Program Services | $50,000 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $851,459 | TotalAmt |
| Program Services | $661,981 | ProgramServicesAmt |
| Management And General | $503 | ManagementAndGeneralAmt |
| Fundraising | $188,975 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,155,733 | TotalAmt |
| Program Services | $1,650,190 | ProgramServicesAmt |
| Management And General | $135,854 | ManagementAndGeneralAmt |
| Fundraising | $1,369,689 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $542,776 | TotalAmt |
| Program Services | $133,519 | ProgramServicesAmt |
| Management And General | $67,166 | ManagementAndGeneralAmt |
| Fundraising | $342,091 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,295,097 | TotalAmt |
| Program Services | $3,058,558 | ProgramServicesAmt |
| Management And General | $162,855 | ManagementAndGeneralAmt |
| Fundraising | $73,684 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,822,925 | TotalAmt |
| Program Services | $1,266,870 | ProgramServicesAmt |
| Management And General | $39,200 | ManagementAndGeneralAmt |
| Fundraising | $516,855 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $528,006 | TotalAmt |
| Program Services | $513,641 | ProgramServicesAmt |
| Management And General | $14,365 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,219,214 | TotalAmt |
| Program Services | $1,526,839 | ProgramServicesAmt |
| Management And General | $5,692,375 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,589,466 | TotalAmt |
| Program Services | $1,356,219 | ProgramServicesAmt |
| Management And General | $204,678 | ManagementAndGeneralAmt |
| Fundraising | $28,569 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $390,169 | TotalAmt |
| Program Services | $263,803 | ProgramServicesAmt |
| Management And General | $124,870 | ManagementAndGeneralAmt |
| Fundraising | $1,496 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| OTHER UNIVERSITY OPERAT | $44,802,016 | $44,790,458 | $6,424 | $5,134 |
| NON MONETARY SUPPORT TO | $39,861,287 | $39,861,287 | ||
| UNIVERSITY SALARY & WAG | $25,227,728 | $16,039,022 | $182,687 | $9,006,019 |
| UNIVERSITY SPONSORED RE | $5,622,081 | $4,653,645 | $464,608 | $503,828 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,535,985 | TotalAmt |
| Program Services | $15,059,480 | ProgramServicesAmt |
| Management And General | $3,481,002 | ManagementAndGeneralAmt |
| Fundraising | $4,995,503 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $201,452,391 | TotalAmt |
| Program Services | $167,725,993 | ProgramServicesAmt |
| Management And General | $16,693,935 | ManagementAndGeneralAmt |
| Fundraising | $17,032,463 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $128,433,451 | BOYAmt |
| EOY | $63,492,436 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $183,436,039 | BOYAmt |
| EOY | $199,119,464 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,497,687 | BOYAmt |
| EOY | $9,266,375 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $170,333,584 | BOYAmt |
| EOY | $202,619,651 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,118,807 | BOYAmt |
| EOY | $949,227 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,279,894 | BOYAmt |
| EOY | $6,312,193 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $336,794,228 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $84,650,874 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $220,892,114 | BOYAmt |
| EOY | $252,143,354 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $669,183,985 | BOYAmt |
| EOY | $458,183,498 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,191,991,872 | BOYAmt |
| EOY | $1,364,619,693 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,228,508 | BOYAmt |
| EOY | $3,228,508 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $114,952,399 | BOYAmt |
| EOY | $112,153,034 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,705,348,340 | BOYAmt |
| EOY | $2,672,087,433 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,170,995 | BOYAmt |
| EOY | $8,550,984 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,003,435 | BOYAmt |
| EOY | $42,841,045 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $320,148,233 | BOYAmt |
| EOY | $297,954,313 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,335,201 | BOYAmt |
| EOY | $2,511,213 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $603,211,552 | BOYAmt |
| EOY | $604,424,041 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $975,869,416 | BOYAmt |
| EOY | $956,281,596 | 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 | $358,751,563 | BOYAmt |
| EOY | $408,528,874 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,370,727,361 | BOYAmt |
| EOY | $1,307,276,963 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,729,478,924 | BOYAmt |
| EOY | $1,715,805,837 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,705,348,340 | BOYAmt |
| EOY | $2,672,087,433 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $115,620,545 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$118,713,293 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | $378,533 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | -$10,958,872 | 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 | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
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 | $130,664,700 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $136,988,218 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $163,472,809 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $176,951,316 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $203,293,856 | CurrentTaxYearAmt |
| Total | $811,370,899 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $130,664,700 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $136,988,218 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $163,472,809 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $176,951,316 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $203,293,856 | CurrentTaxYearAmt |
| Total | $811,370,899 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $811,370,899 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $41,241,640 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $47,342,867 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $43,023,472 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $44,751,929 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $30,632,275 | CurrentTaxYearAmt |
| Total | $206,992,183 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8,085,063 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,703,338 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $10,004,187 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,971,785 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | -$3,684,689 | CurrentTaxYearAmt |
| Total | $30,079,684 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $1,048,442,766 | TotalSupportAmt |
| Public Support CY170 | 0.77390 | PublicSupportCY170Pct |
| Public Support PY170 | 0.74600 | 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 | $50,000 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $50,000 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $201,402,391 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $201,452,391 | 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 | $72,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $41,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $48,425 | CurrentYearMinus1Amt |
| Current Year | $50,000 | CurrentYearAmt |
| Total | $211,425 | 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 Vl EOY | $1,279,988 | 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 | $4,905 | RevenuesIncludedAmt |
| Assets Included | $7,091,789 | 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 | $1,583,719,460 | 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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| 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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| 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 Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| 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 |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $946,513,468 | BeginningYearBalanceAmt |
| Contributions | $135,001,836 | ContributionsAmt |
| Investment Earnings Or Losses | $42,211,807 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $14,250,805 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,297,772 | OtherExpendituresAmt |
| Administrative Expenses | $19,628,687 | AdministrativeExpensesAmt |
| End Year Balance | $1,088,549,847 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.03189 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.47160 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.49652 | 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 | $110,654,876 | OtherCostOrOtherBasisAmt |
| Book Value | $110,654,876 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $167,470,458 | OtherCostOrOtherBasisAmt |
| Depreciation | $57,831,913 | DepreciationAmt |
| Book Value | $109,638,545 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,322,169 | OtherCostOrOtherBasisAmt |
| Depreciation | $634,776 | DepreciationAmt |
| Book Value | $1,687,393 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $15,977,674 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,574,234 | DepreciationAmt |
| Book Value | $4,403,440 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $40,369,051 | OtherCostOrOtherBasisAmt |
| Depreciation | $14,609,951 | DepreciationAmt |
| Book Value | $25,759,100 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $252,143,354 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| INVESTMENT IN SUB | $95,043,675 | C |
| REAL ESTATE INVESTMENTS | $5,754,238 | C |
| OTHER INVESTMENTS | $1,263,821,780 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $1,364,619,693 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| AGENCY DEPOSITS HELD IN TRUST | $576,822,395 |
| TRUST PAYMENT LIABILITIES | $18,324,798 |
| THIRD PARTY TRUST OBLIGATIONS | $2,798,788 |
| ANNUITY OBLIGATIONS | $6,478,060 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $604,424,041 | 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 | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EUROPE | 4 | 0 | PROGRAM SERVICES | RENT | $282,459 |
| SUB-SAHARAN AFRICA | 0 | 0 | PROGRAM SERVICES | EDUCATION | $2,327 |
| NORTH AMERICA | 0 | 0 | INVESTMENTS | $362,376,453 |
| 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 | $362,661,239 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $362,661,239 | 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 | $36,381,353 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | SCHOLARSHIPS | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
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) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | 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 (11 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 CHARLES D PHLEGAR | ||||||||||||||
| EXECUTIVE VICE PRESIDENT | $0 | $715,262 | $0 | $10,000 | $0 | $0 | $0 | $35,000 | $0 | $103,249 | $0 | $863,511 | $0 | $0 |
| DR TIMOTHY D SANDS | ||||||||||||||
| BOARD MEMBER | $0 | $554,640 | $0 | $40,000 | $0 | $20,000 | $0 | $49,300 | $0 | $44,038 | $0 | $707,978 | $0 | $0 |
| MR DANIEL WARD | ||||||||||||||
| CIO ENDOWMENT | $508,178 | $0 | $0 | $0 | $0 | $0 | $36,933 | $0 | $22,269 | $0 | $567,380 | $0 | $0 | $0 |
| DR DWAYNE L PINKNEY | ||||||||||||||
| EXECUTIVE VICE PRESIDENT | $0 | $466,300 | $0 | $10,000 | $0 | $0 | $0 | $25,000 | $0 | $54,761 | $0 | $556,061 | $0 | $0 |
| MR CHRIS KIWUS | ||||||||||||||
| EXECUTIVE VICE PRESIDENT | $0 | $337,597 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $37,466 | $0 | $375,063 | $0 | $0 |
| ELIZABETH A MCCLANAHAN | ||||||||||||||
| CHIEF EXECUTIVE OFFICER | $300,000 | $0 | $0 | $0 | $0 | $0 | $29,876 | $0 | $438 | $0 | $330,314 | $0 | $0 | $0 |
| MR JOHN J CUSIMANO | ||||||||||||||
| TREASURER | $0 | $268,338 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $54,813 | $0 | $323,151 | $0 | $0 |
| MS TERRI T MITCHELL | ||||||||||||||
| SECRETARY | $244,388 | $0 | $0 | $0 | $0 | $0 | $31,200 | $0 | $22,044 | $0 | $297,632 | $0 | $0 | $0 |
| MR EBENHARD STODDARD | ||||||||||||||
| INVESTMENT MANAGER | $228,792 | $0 | $0 | $0 | $0 | $0 | $24,892 | $0 | $22,411 | $0 | $276,095 | $0 | $0 | $0 |
| MR BRYAN H BOEHLING | ||||||||||||||
| INVESTMENT MANAGER | $227,438 | $0 | $0 | $0 | $0 | $0 | $24,368 | $0 | $8,939 | $0 | $260,745 | $0 | $0 | $0 |
| MS CATHERINE POTTER | ||||||||||||||
| ASSOC VP/GENERAL COUNSEL | $223,109 | $0 | $0 | $0 | $0 | $0 | $24,286 | $0 | $12,763 | $0 | $260,158 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 5 | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
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 | $4,855,000 | $11,605,000 | $18,650,559 | $828,296 | $219,381 | $17,602,882 | 2015 | 0 | 0 | Yes (1) | Yes (1) | ||
| B | $4,835,000 | $41,889,983 | $275,025 | 2017 | Yes (1) | Yes (1) | Yes (1) | Yes (1) | $41,614,958 | ||||
| C | $14,675,000 | $23,750,000 | $75,000 | 2017 | Yes (1) | 0 | Yes (1) | Yes (1) | $23,675,000 | ||||
| D | $2,145,000 | $62,975,886 | $3,627,918 | $342,450 | $55,494,015 | 0 | 0 | 0 | Yes (1) | $3,511,503 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Engage Bond Counsel ResearchEngageBondCounselResearchInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) | ||
| B | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | Yes (1) | Yes (1) | Yes (1) |
| C | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) | ||
| D | 0 | 0 | 0 | 0 | 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 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | Yes (1) | 0 | 0 | 0 | 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 | 0 |
| C | 0 |
| D | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE K, PART I, COLUMN (F) | SERIES 2019A BOND DESCRIPTION OF PURPOSE: FINANCING NEW CONSTRUCTION OF VARIOUS PROJECTS. SERIES 2017C BOND DESCRIPTION OF PURPOSE: REFUND THE SERIES 2005 AND 2009A BONDS (DATED 8/25/2005 AND 02/12/2009. SERIES 2017A BOND DESCRIPTION OF PURPOSE: ADVANCE REFUND THE SERIES 2010A AND SERIES 2011A BONDS (DATED 08/26/2010 AND 11/172011), AND TO CURRENT REFUND THE TAXABLE COLLEGIATE SQUARE NOTE SERIES 2013A BOND DESCRIPTION OF PURPOSE: FINANCING NEW CONSTRUCTION FOR VARIOUS PROJECTS. |
| SCHEDULE K, PART II, LINE 3, COLUMN (A) | SERIES 2019A - THE TOTAL PROCEEDS OF THE ISSUE DIFFERS FROM ISSUE PRICE DUE TO INVESTMENT EARNINGS OF $618,528 |
| SCHEDULE K, PART II, LINE 11, COLUMN (B) | SERIES 2017C - THE OTHER SPENT PROCEEDS ARE REFUNDING PROCEEDS OF THE ISSUE NO LONGER IN ESCROW |
| SCHEDULE K, PART II, LINE 11, COLUMN (C) | SERIES 2017A - THE OTHER SPENT PROCEEDS ARE REFUNDING PROCEEDS OF THE ISSUE NO LONGER IN ESCROW |
| SCHEDULE K, PART II, LINE 11, COLUMN (C) | |
| SCHEDULE K, PART IV, LINE 2C, COLUMN (D) | DATE REBATE CALCULATION WAS PERFORMED - OCTOBER 13, 2018 |
| SCHEDULE K, PART IV, LINE 2C, COLUMN (B) | SERIES 2017A - DATE REBATE CALCULATION WAS PERFORMED: MAY 17, 2022. |
Schedule M IRS990ScheduleM
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $71,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Clothing And Household Goods ClothingAndHouseholdGoodsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Cars And Other Vehicles CarsAndOtherVehiclesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $22,750 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 399 | ContributionCnt |
| Noncash Contributions Rpt F990 | $29,258,596 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Real Estate Residential RealEstateResidentialGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 5 | ContributionCnt |
| Noncash Contributions Rpt F990 | $5,520,072 | 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 | 1 | $39,181,779 | FMV |
| Yes (X) | MISCELLANEOUS | 51 | $492,831 | FMV |
| Yes (X) | EQUIPMENT | 3 | $267,900 | FMV |
| Yes (X) | LIVESTOCK | 16 | $105,214 | 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. MANAGEMENT AND THE ASSOCIATE VICE PRESIDENT AND CONTROLLER PERFORM A DETAILED REVIEW OF THE FORM PRIOR TO FORWARDING IT TO THE CEO FOR REVIEW. THE CEO THEN REVIEWS THE FORMS. ANY ISSUES AFTER THESE REVIEWS ARE COMMUNICATED BACK TO THE THIRD PARTY TAX CONSULTANTS.ANY ISSUES ARE CORRECTED AND ADDRESSED BY BOTH PARTIES. TWO WEEKS 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, THE CHIEF EXECUTIVE OFFICER THEN SIGNS THE TRANSMITTAL FORM TO PERMIT THE ELECTRONIC FILING, AS REQUIRED BY THE IRS, 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, THE AUDIT COMMITTEE CHAIR, AND OTHER 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 THE BOARD'S INVESTMENT COMMITTEE ESTABLISHES SALARIES FOR THE FOUNDATION'S PROFESSIONAL INVESTMENT STAFF. OTHER 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 | MEALS & ENTERTAINMENT: PROGRAM SERVICE EXPENSES 4,506,900. MANAGEMENT AND GENERAL EXPENSES 63,938. FUNDRAISING EXPENSES 803,578. TOTAL EXPENSES 5,374,416. INDEPENDENT & PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 2,929,316. MANAGEMENT AND GENERAL EXPENSES 113,340. FUNDRAISING EXPENSES 1,814,326. TOTAL EXPENSES 4,856,982. RADIO STATION: PROGRAM SERVICE EXPENSES 1,595,649. MANAGEMENT AND GENERAL EXPENSES 2,316,359. FUNDRAISING EXPENSES 358,295. TOTAL EXPENSES 4,270,303. PUBLIC RELATIONS: PROGRAM SERVICE EXPENSES 1,698,193. MANAGEMENT AND GENERAL EXPENSES 25,884. FUNDRAISING EXPENSES 918,656. TOTAL EXPENSES 2,642,733. RIVERCOURSE: PROGRAM SERVICE EXPENSES 2,202,391. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,202,391. UNIVERSITY EQUIPMENT PURCHASES: PROGRAM SERVICE EXPENSES 771,171. MANAGEMENT AND GENERAL EXPENSES 10,448. FUNDRAISING EXPENSES 457,883. TOTAL EXPENSES 1,239,502. MISCELLANEOUS: PROGRAM SERVICE EXPENSES -365,888. MANAGEMENT AND GENERAL EXPENSES 914,220. FUNDRAISING EXPENSES 469,840. TOTAL EXPENSES 1,018,172. MAINTENANCE: PROGRAM SERVICE EXPENSES 841,446. MANAGEMENT AND GENERAL EXPENSES 1,836. FUNDRAISING EXPENSES 2,929. TOTAL EXPENSES 846,211. PROFESSIONAL MEMBERSHIPS: PROGRAM SERVICE EXPENSES 756,949. MANAGEMENT AND GENERAL EXPENSES 29,032. FUNDRAISING EXPENSES 36,828. TOTAL EXPENSES 822,809. OTHER EQUIPMENT RENTALS: PROGRAM SERVICE EXPENSES 276,913. MANAGEMENT AND GENERAL EXPENSES 5,945. FUNDRAISING EXPENSES 133,168. TOTAL EXPENSES 416,026. ANNUITY GIVING: PROGRAM SERVICE EXPENSES 31,986. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,986. INCOME TAX BENEFIT: PROGRAM SERVICE EXPENSES -185,546. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -185,546. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUATION OF SPLIT INTEREST AGREEMENTS -10,946,854. OTHER ADJUSTMENT -12,018. |
| 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 | $1,529,797 | $7,754,513 |
| VT TECHNOLOGY ASSETS LLC | ||||||||
| 902 PRICES FORK ROAD STE 4000 | BLACKSBURG | VA | 24061 | 540721690 | INFO TECH | VA | $4,118,719 | $7,510,210 |
| 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 | $6,969,124 | $18,710,953 | 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 (6 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| VIRGINIA TECH CORPORATE RESEARCH CENTER | ||
| L | $624,411 | FMV |
| VA TECH REAL ESTATE FOUNDATION | ||
| L | $517,288 | FMV |
| VIRGINIA TECH CORPORATE RESEARCH CENTER | ||
| A | $2,399,019 | FMV |
| VA TECH REAL ESTATE FOUNDATION | ||
| A | $6,784,307 | FMV |
| VIRGINIA TECH CORPORATE RESEARCH CENTER | ||
| F | $475,000 | FMV |
| VA TECH REAL ESTATE FOUNDATION | ||
| F | $571,865 | FMV |
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