2015-05-14T11:07:20-05:00 2014-06-30 KPMG LLP 1676 International Drive McLean VA 22102 990 2013-07-01 540721690 VIRGINIA TECH FOUNDATION INC % DR JOHN E DOOLEY VIRG 5402315751 902 PRICES FORK ROAD UNIVERSITY GATEWAY CENTER Suite 400 BLACKSBURG VA 24061 JOHN E DOOLEY CEO AND SECRETARY-TREASURER 5402315751 2015-05-12 true RAYMOND LY P01205643 5402315751 2013 2016-02-25 16:41:14Z DR JOHN E DOOLEY 902 PRICES FORK ROAD STE 4000 BLACKSBURG VA 24061 590911251 false X WWW.VTF.VT.EDU X 1948 VA THE FOUNDATION RECEIVES, MANAGES, AND DISBURSES PRIVATE GIFTS IN SUPPORT OF PROGRAMS AT VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY (VIRGINIA TECH). 35 34 122 0 3493375 0 83621867 81098266 17942393 19461335 23128072 55758178 13190394 15601213 137882726 171918992 23677931 25102043 0 0 4235095 5475902 0 0 8055083 81064375 85280160 108977401 115858105 28905325 56060887 1277888023 1469020451 366987410 438648960 910900613 1030371491 X THE FOUNDATION RECEIVES, INVESTS, AND MANAGES PRIVATE ASSETS HELD FOR THE SUPPORT OF PROGRAMS AT VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY (UNIVERSITY) AND TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF THE UNIVERSITY. false false 97800705 25102043 21512615 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. FOR MORE INFORMATION, SEE SCHEDULE O. 97800705 true true false true false false false true false true true true false true true false false true false true true false false false false false false true false true true false false false false false false false true false false true true false false true true true true false false true X 318 0 true 122 true true true true SZ SG false false false true true true 2 false false true false X 35 34 false false false false false false false true true false false true true true true true true true false true true VA X DR JOHN E DOOLEY 5402315751 902 PRICES FORK RD SUITE 4000 BLACKSBURG VA 24061 X NANCY H AGEE BOARD MEMBER 2.0 0.0 X 0 0 0 JAMES K ASSELSTINE BOARD MEMBER 2.0 0.0 X 0 0 0 MARY BLACKWOOD BOARD MEMBER 2.0 0.0 X 0 0 0 CHRISTOPHER J BRIGHTMAN BOARD MEMBER 2.0 0.0 X 0 0 0 THOMAS R BYRD BOARD MEMBER 2.0 0.0 X 0 0 0 PATRICIA A CALDWELL BOARD MEMBER 2.0 0.0 X 0 0 0 DAVID L CALHOUN BOARD MEMBER 2.0 0.0 X 0 0 0 GEORGE B CLARKE IV BOARD MEMBER 2.0 0.0 X 0 0 0 MICHAEL W CLARKE BOARD MEMBER 2.0 0.0 X 0 0 0 DOUGLAS C CURLING BOARD MEMBER 2.0 0.0 X 0 0 0 BEN J DAVENPORT JR BOARD MEMBER 2.0 0.0 X 0 0 0 THEODORE S HANSON BOARD MEMBER 2.0 0.0 X 0 0 0 R KEITH HARMAN BOARD MEMBER 2.0 0.0 X 0 0 0 LEONARD P HARRIS BOARD MEMBER 2.0 0.0 X 0 0 0 JAMES H HATCH BOARD MEMBER 2.0 0.0 X 0 0 0 W TODD HOLTZMAN BOARD MEMBER 2.0 0.0 X 0 0 0 SHAWN C JOHNSON BOARD MEMBER 2.0 0.0 X 0 0 0 JOHN R LAWSON II BOARD MEMBER 2.0 0.0 X 0 0 0 JACOB A LUTZ III BOARD MEMBER 2.0 0.0 X 0 0 0 JAMES A PEARSON BOARD MEMBER 2.0 0.0 X 0 0 0 MICHAEL J QUILLEN BOARD MEMBER 2.0 0.0 X 0 0 0 GLENN P REYNOLDS BOARD MEMBER 2.0 0.0 X 0 0 0 JOHN B ROWSELL BOARD MEMBER 2.0 0.0 X 0 0 0 KRISTI L ROWSELL BOARD MEMBER 2.0 0.0 X 0 0 0 PETER M RUP BOARD MEMBER 2.0 0.0 X 0 0 0 WINSTON A SAMUELS BOARD MEMBER 2.0 0.0 X 0 0 0 E ANN SPENCER BOARD MEMBER 2.0 0.0 X 0 0 0 BENJAMIN Z STALLINGS II MD BOARD MEMBER 2.0 0.0 X 0 0 0 DR CHARLES W STEGER BOARD MEMBER 2.0 38.0 X 0 547069 308593 FAY H STREET BOARD MEMBER 2.0 0.0 X 0 0 0 JOHN A URQUHART JR BOARD MEMBER 2.0 0.0 X 0 0 0 CARL G VERBONCOEUR BOARD MEMBER 2.0 0.0 X 0 0 0 MATTHEW M WINSTON JR BOARD MEMBER 2.0 0.0 X 0 0 0 DR TIMOTHY K SANDS BOARD MEMBER 2.0 38.0 X 0 0 0 DR ELIZABETH A FLANAGAN EXECUTIVE VICE PRESIDENT 2.0 38.0 X 0 315763 48978 M DWIGHT SHELTON EXECUTIVE VICE PRESIDENT 2.0 38.0 X 0 297439 43108 DR JOHN E DOOLEY CEO and SECRETARY TREASURER 30.0 10.0 X 293733 0 30132 JOHN CUSIMANO UNIVERSITY TREASURER 40.0 0.0 X 0 238358 42653 KEVIN SULLIVAN AVP FOR ADMIN & GEN COUNSEL 40.0 0.0 X 158750 0 39870 DANIEL WARD DIRECTOR OF INVESTMENTS 40.0 0.0 X 309750 0 52718 TERRI T MITCHELL AVP FOR ADMIN & CONTROLLER 40.0 0.0 X 147750 0 20414 JACOB HARDWICK DIRECTOR OF GOLF OPERATIONS 40.0 0.0 X 107534 0 25427 EBENHARD STODDARD SENIOR INVESTMENT ANALYST 40.0 0.0 X 141083 0 33422 JIM FLOWERS Exec Director of VTKW 40.0 0.0 X 133950 0 35841 JOE MEREDITH PRES OF CORPORATE RESEARCH 40.0 0.0 X 196243 0 11948 DR RAYMOND D SMOOT FORMER DIRECTOR 8.0 0.0 X 131254 0 0 1620047 1398629 693104 9 true true false AVIS CONSTRUCTION COMPANY INC C/O EDC 1660 HUGUENOT RD MIDLOTHIAN VA 23113 CONSTRUCTION SERVICE 5799066 LONGENT LLC 7517 PRECISION DR SUITE 102 RALEIGH NC 27617 CONSTRUCTION SERVICE 1945328 THOR INC 1660 HUGUENOT RD MIDLOTHIAN VA 23113 CONSTRUCTION SERVICE 1872831 EC PACE COMPANY INC C/O EDC 1660 HUGUENOT RD MIDLOTHIAN VA 23113 CONSTRUCTION SERVICE 849439 THOMPSON AND LITTON PO BOX 179 TAZWELL VA 24651 CONSTRUCTION SERVICE 806596 16 235434 80862832 20439152 81098266 SALES 900099 849954 849954 INTERNAL AUDIT SERVICES 900099 74470 74470 AFFILIATE MEMBERSHIP PROGRAM 900099 6632715 6632715 COOPERATIVE EXTENSION INCOME 900099 277548 277548 DEVELOPMENT & MANAGEMENT ENDOWMENT FEES 900099 856710 856710 10769938 9817735 952203 19461335 17072409 2474495 14597914 12392 12392 3281835 3281835 21950805 12746240 9204565 0 9204565 24770 9179795 444628798 185751 405944046 174376 38684752 11375 38673377 38673377 0 0 197020 127597 69423 69423 ALUMNI TOURS 900099 41907 41907 OTHER INV INCOME - 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TRUST HELD BY OTHERS 8117137 COLLECTION ITEMS 5254682 DUE FROM SUBSIDIARIES 2746947 BOND DEBT COST OF ISSUANCE 1966111 TRUST INVESTMENT RECEIVABLE 48075691 91978259 0 AGENCY DEPOSITS HELD IN TRUST 110285003 TRUST PAYMENT LIABILITIES 18921690 THIRD PARTY TRUST OBLIGATIONS 8226745 ANNUITY OBLIGATIONS 6270013 143703451 X COLLECTIONS OF ART SCHEDULE D, PART III, LINE 4 VINTAGE AND OTHER COLLECTION ITEMS ARE USED TO SUPPORT THE EDUCATIONAL AND RESEARCH MISSION OF VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY. ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 3,272 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. INCOME TAXES SCHEDULE D, PART X 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 2011 THROUGH 2014 TAX YEARS. Europe (Including Iceland and Greenland) 1 PROGRAM SERVICES RENT 258921 Sub-Saharan Africa INVESTMENTS 1818911 1 1 2077832 2077832 2 true false true true true false African Investments and Expenditures Schedule F, Part I, Line 3 The amount of investments in Sub-Saharan Africa totaled $375,158 and the amount of expenditures totaled $1,151,357. true VIRGINIA POLYTECHNIC INSTITUTE & STATE UNIVERSITY 150 STUDENT SERVICES BUILDING BLACKSBURG VA 24061 546001805 501(C)(3) 25102043 SCHOLARSHIPS 1 SCHOLARSHIPS SCHEDULE I, PART I, LINE 2 THE FOUNDATION MAKES GRANTS TO PROVIDE SCHOLARSHIPS TO STUDENTS OF VIRGINYA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY (VIRGINIA TECH). X X X X X X false false false false false false false false false DR ELIZABETH A FLANAGAN EXECUTIVE VICE PRESIDENT 0 305763 0 0 0 10000 0 35337 0 13641 0 364741 0 0 M DWIGHT SHELTON EXECUTIVE VICE PRESIDENT 0 297439 0 0 0 0 0 29510 0 13598 0 340547 0 0 DR JOHN E DOOLEY CEO and SECRETARY TREASURER 293733 0 0 0 0 0 0 0 0 0 293733 0 0 0 DR CHARLES W STEGER BOARD MEMBER 0 501640 0 25429 0 20000 0 292524 0 16069 0 855662 0 0 JOHN CUSIMANO UNIVERSITY TREASURER 0 218358 0 20000 0 0 0 25373 0 17280 0 281011 0 0 KEVIN SULLIVAN AVP FOR ADMIN & GEN COUNSEL 158750 0 0 0 0 0 0 0 0 0 158750 0 0 0 TERRI T MITCHELL AVP FOR ADMIN & CONTROLLER 147750 0 0 0 0 0 0 0 0 0 147750 0 0 0 EBENHARD STODDARD SENIOR INVESTMENT ANALYST 141083 0 0 0 0 0 0 0 0 0 141083 0 0 0 DANIEL WARD DIRECTOR OF INVESTMENTS 309750 0 0 0 0 0 0 0 0 0 309750 0 0 0 DR RAYMOND D SMOOT FORMER DIRECTOR 131254 0 0 0 0 0 0 0 0 0 131254 0 0 0 JIM FLOWERS Exec Director of VTKW 133950 0 0 0 0 0 0 0 0 0 133950 0 0 0 JOE MEREDITH PRES OF CORPORATE RESEARCH 196243 0 0 0 0 0 25148 0 0 0 221391 0 0 0 A Economic Dev Authority of Montgomery County 541643441 613741bn6 2010-08-26 57123909 Construction false false false B IDA Montgomery County VA 541643441 613755BN6 2009-02-12 73380000 2007 Facilities to support VA false false false C IDA Montgomery County VA 541643441 613755BJ5 2005-08-25 49830000 2005 Facilities to support the Uni false false false D Economic Dev Authority of Montgomery County 541643441 613741DK0 2011-11-17 55889603 Construction false false false A 0 0 57123909 0 0 48147100 501809 0 0 8475000 0 0 2010 true false true true B 0 0 73380000 0 0 24480000 515259 0 0 48384741 0 0 2010 true false true true C 0 0 49830000 0 0 31320000 188741 0 0 18321259 0 0 2007 true false true true D 0 0 55889603 0 0 4245604 388987 0 0 51255012 0 0 2013 true false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D false false false false 0 false false false true A false true false false false false 0 false 0 false true B false false false true true Morgan Keegan 2. false false false 0 false true C false false false true false 0 false 0 false true D false true false false false false 0 false 0 false true A true B true C true D true A Economic Dev Authority of Montgomery County VA 541643441 999999999 2012-12-27 4365000 Partial Current Ref of Series 2005 false false false B Economic Dev Authority of Montgomery County VA 541643441 613741EN3 2013-10-30 18650559 Construction false false false A 0 0 4365000 0 0 4365000 0 0 0 0 0 0 2007 true false true true B 0 0 18650559 0 0 0 219381 0 0 18431178 0 0 2015 false false false true A false false false false 0 false false false true B false false false false 0 false false false true A false true true false false false 0 false 0 false true B false true false false 0 false 0 false true A true B true 0 BEVERLY E DALTON FORMER BOARD MEMBER 521560 CONSTRUCTION false X 160 FMV X 3858 FMV X 303 6956893 FMV X 2 2734200 FMV X 3 1405481 FMV X 4 2000 FMV X 15 7649 FMV X 8 144344 FMV X LIVESTOCK 21 139936 FMV X EQUIPMENT 12 519303 FMV X MISC 117 328072 FMV 21 false true false EXEMPT PURPOSE ACHIEVEMENTS PART III, LINE 4A IN ADDITION, THE FOUNDATION MANAGES VIRGINIA TECH'S ENDOWMENT, THROUGH WHICH DONORS TO THE UNIVERSITY MAKE A SIGNIFICANT DIFFERENCE TO THE FACULTY AND STUDENTS. THE FOUNDATION IS ALSO A RESPONSIBLE CORPORATE CITIZEN. AS SUCH, THE FOUNDATION DEPLOYS CAPITAL IN WAYS THAT SERVE THE INTERESTS NOT ONLY OF THE UNIVERSITY, BUT ALSO OF ITS REGION. REVIEW OF FORM 990 PART VI, 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. CONFLICT OF INTEREST POLICY Part VI 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. COMPENSATION PRACTICES PART VI, LINE 15 Board of Directors DIRECTORS RECEIVE NO COMPENSATION FOR SERVICE TO THE FOUNDATION. OFFICERS - EXECUTIVE VICE PRESIDENTS EXECUTIVE VICE PRESIDENTS OF THE FOUNDATION ARE THE UNIVERSITY'S VICE PRESIDENT FOR DEVELOPMENT AND UNIVERSITY RELATIONS, AND CHIEF FINANCIAL OFFICER. THESE POSITIONS ARE EMPLOYED BY AND FUNDED 100% BY THE UNIVERSITY AND THEIR SALARIES AND BENEFITS ARE APPROVED BY THE UNIVERSITY'S BOARD OF VISITORS BASED UPON RECOMMENDATION BY THE UNIVERSITY PRESIDENT. THE UNIVERSITY UTILIZES VARIOUS HIGHER EDUCATION SALARY STUDIES AND DATA FROM PEER INSTITUTIONS IN ESTABLISHING SALARIES AND BENEFITS FOR THESE POSITIONS. OFFICER - CHIEF EXECUTIVE OFFICER AND SECRETARY/TREASURER SALARY AND BENEFITS FOR THE CHIEF EXECUTIVE OFFICER AND SECRETARY TREASURER ARE RECOMMENDED BY THE UNIVERSITY PRESIDENT AND APPROVED BY THE FOUNDATION'S COMPENSATION COMMITTEE. COMPARATIVE SALARY AND BENEFITS INFORMATION IS PROVIDED TO THE COMPENSATION COMMITTEE FOR ITS CONSIDERATION IN MAKING SALARY ADJUSTMENTS AND ESTABLISHING BENEFIT PROGRAMS. PROFESSIONAL AND CLASSIFIED STAFF IT IS THE FOUNDATION'S POLICY TO PROVIDE SALARY AND BENEFITS AS CLOSE AS PRACTIBLE TO THOSE PROVIDED TO UNIVERSITY EMPLOYEES. PROFESSIONAL AND CLASSIFIED STAFF SALARIES ARE APPROVED BY THE CHIEF EXECUTIVE OFFICER AND SECRETARY TREASURER AND INCLUDED IN THE BOARD APPROVED ANNUAL OPERATING BUDGET. COMPARATIVE DATA INCLUDING UNIVERSITY AVERAGES FOR SIMILAR POSITIONS IS USED IN ESTABLISHING AND ADJUSTING SALARIES. MERIT ADJUSTMENTS MIRROR THE UNIVERSITY APPROVED MERIT ADJUSTMENTS EACH YEAR. JOINT VENTURE 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. GOVERNING DOCUMENTS AVAILABILITY PART VI, LINE 19 THE FOUNDATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. ANY SUCH REQUESTS WOULD BE CONSIDERED ON A CASE BY CASE BASIS. OTHER CHANGE IN NET ASSETS PART XI, LINE 9 Change in Split-Interest Agreements.........................$ 3,297,074 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:INDEPENDENT AND PROF SVS TOTAL EXPENSES:2222148 PROGRAM SERVICES:1918093 MANAGEMENT AND GENERAL:85973 FUNDRAISING:218082 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:INVESTMENT MANAGEMENT FEES TOTAL EXPENSES:917624 PROGRAM SERVICES:917624 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:TAXES TOTAL EXPENSES:19358 PROGRAM SERVICES:19238 FUNDRAISING:120 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:MISCELLANEOUS EXPENSES TOTAL EXPENSES:3186708 PROGRAM SERVICES:2889499 MANAGEMENT AND GENERAL:128277 FUNDRAISING:168932 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:RADIO STATION TOTAL EXPENSES:1429352 PROGRAM SERVICES:948909 MANAGEMENT AND GENERAL:277429 FUNDRAISING:203014 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:ANNUITY DEFERRED GIVING TOTAL EXPENSES:77996 PROGRAM SERVICES:77996 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:PROFESSIONAL MEMBERSHIPS TOTAL EXPENSES:281797 PROGRAM SERVICES:237993 MANAGEMENT AND GENERAL:11975 FUNDRAISING:31829 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:PUBLIC RELATIONS TOTAL EXPENSES:1697022 PROGRAM SERVICES:1170157 MANAGEMENT AND GENERAL:3565 FUNDRAISING:523300 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:UNIVERSITY EQUIPMENT PURCHASE TOTAL EXPENSES:1830061 PROGRAM SERVICES:1715951 MANAGEMENT AND GENERAL:5308 FUNDRAISING:108802 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:NON-MONETARY SUPPORT TO PROG TOTAL EXPENSES:815876 PROGRAM SERVICES:782858 FUNDRAISING:33018 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:RIVERCOURSE TOTAL EXPENSES:1151120 PROGRAM SERVICES:379665 MANAGEMENT AND GENERAL:771455 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:UTILITIES TOTAL EXPENSES:27438 PROGRAM SERVICES:21949 MANAGEMENT AND GENERAL:2631 FUNDRAISING:2858 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:MAINTENANCE TOTAL EXPENSES:555904 PROGRAM SERVICES:548278 MANAGEMENT AND GENERAL:826 FUNDRAISING:6800 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:OTHER EQUIPMENT RENTALS TOTAL EXPENSES:162399 PROGRAM SERVICES:95113 MANAGEMENT AND GENERAL:925 FUNDRAISING:66361 RIVER COURSE LLC 902 PRICES FORK RD STE 4000 BLACKSBURG VA 24061 061654343 GOLF COURSE VA 1087047 10655870 NA VA TECH BUS TECH CENTER LLC 902 PRICES FORK RD STE 4000 BLACKSBURG VA 24061 540567560 BUS ASSIST VA 8950 25609 NA VT TECHNOLOGY ASSETS LLC 902 PRICES FORK RD STE 4000 BLACKSBURG VA 24061 540721690 INFO TECH VA 140340 3982065 NA VTT LLC 902 PRICES FORK RD STE 4000 BLACKSBURG VA 24061 383879296 ECON DEVEL VA 3035503 14456451 NA Virginia Tech Real Estate Foundation Inc 902 PRICES FORK RD STE 4000 BLACKSBURG VA 24061 541528809 PROPERTY MGMT VA 501 (C) (3) 11A TYPE I NA true Virginia Polytechnic Inst & State Univ 201 SOUTHGATE CENTER BLACKSBURG VA 24061 545001805 UNIVERSITY VA 501 (C) (3) 2 NA false THE FERRARI FOUNDATION 902 PRICES FORK RD STE 4000 BLACKSBURG VA 24061 EUROPEAN STUD SZ NA true HOTEL ROANOKE LLC 902 PRICES FORK RD SUITE 4000 BLACKSBURG VA 24061 541702473 HOTEL OPERATIONS VA NA VIRGINIA TECH CORPORATE RESEARCH CENTER 1715 PRATT DRIVE SUITE 1000 BLACKSBURG VA 24061 541324469 RENTAL VA VTF C Corp 5861827 16326857 1.00000 true CHARITABLE REMAINDER UNITRUSTS 902 PRICES FORK RD SUITE 4000 BLACKSBURG VA 24061 TRUST VA NA Trust true HR FOUNDATION INC 902 PRICES FORK RD SUITE 4000 BLACKSBURG VA 24061 541702474 PROPERTY MGMT VA VTREF C Corp true true true true true false true false false false false true true true false false true true false false VIRGINIA TECH CORPORATE RESEARCH CENTER l 456943 FMV VIRGINIA TECH REAL ESTATE FOUNDATION l 420110 FMV VIRGINIA TECH CORPORATE RESEARCH CENTER a(iv) 1146635 FMV VIRGINIA TECH REAL ESTATE FOUNDATION a(iv) 341912 FMV VIRGINIA TECH CORPORATE RESEARCH CENTER o 7170 FMV VIRGINIA TECH CORPORATE RESEARCH CENTER l 46155 FMV VIRGINIA TECH CORPORATE RESEARCH CENTER a(i) 370208 FMV VIRGINIA TECH REAL ESTATE FOUNDATION a(i) 5568216 FMV VIRGINIA TECH CORPORATE RESEARCH CENTER a(i) 64538 FMV