Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1949.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
83 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
44 people listed on the 990-T; $1.7M paid to officers and key staff.
Mr David Greenberg’s $1.5M as Chief Investment Officer is at the 86th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Mr David Greenberg | $1,494,627 | $921,129 | — | — | — | — |
| Mr Daniel Ward | — | $1,359,544 | $1,203,824 | $508,178 | $525,136 | $554,552 |
| Elizabeth a McClanahan | $868,291 | $669,577 | $595,000 | $300,000 | — | — |
| Cyril R Clarke - Director | $617,216 | — | — | — | — | — |
| Ms Terri T Mitchell | $521,952 | $269,127 | $270,149 | $244,388 | — | — |
| Dr John E Dooley | — | — | — | — | $492,640 | $452,140 |
| Mr Louie Vuong | $405,983 | — | — | — | — | — |
| Ms Margaret Millhiser | $370,378 | — | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Manages and invests the university's endowment, real estate portfolio, and private donations to support and advance the mission of Virginia Tech.
Questions for Virginia Tech Foundation INC
Your first name shows with your question. Virginia Tech Foundation INC answers here, for everyone.
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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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990-T, line by line.
Download 990
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $245.7M | $205.7M | $40.0M | $2.1B | 990 PDF |
| FY2024 | $293.8M | $182.6M | $111.1M | $2.0B | 990 PDF |
| FY2023 | $222.3M | $169.5M | $52.8M | $1.8B | 990 PDF |
| FY2022 Viewing | $317.1M | $201.5M | $115.6M | $1.7B | 990 PDF |
| FY2021 | $338.7M | $114.6M | $224.1M | $1.7B | 990 PDF |
| FY2020 | $222.0M | $139.2M | $82.8M | $1.4B | 990 PDF |
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Schedules filed Part IV
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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