Compensation 990

Virginia Tech Foundation Inc.

Fiscal year ending 2018. Filed on May 15, 2019.

902 Prices Fork Road Suite 4000
Blacksburg, Virginia 24061

Virginia Tech Foundation Inc. (EIN: 54-0721690) has filed an IRS Form 990 between fiscal years 2016 and 2023. In its fiscal year 2018 IRS Form 990 filing, Virginia Tech Foundation Inc., a 501(c)(3) charitable organization, reported compensation for 12 out of 106 total employees. Among the employees shown here, the average compensation is $392,587. The highest compensated employee at Virginia Tech Foundation Inc. is Dr Timothy D Sands with fiscal year 2018 compensation of $852,884.

Revenue, expenses, and employee compensation

Revenue

$227,169,734

Expenses

$136,584,840

Employee compensation

$5,198,160
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋2.4%vs 2017
Dr Timothy D Sands
Board Member
$852,884
$0 from org$554,168 from related$298,716 other
＋3.3%vs 2017
Charles D Phlegar
Executive Vice President
$801,466
$0 from org$676,815 from related$124,651 other
＋22.8%vs 2017
Daniel Ward
Investments Director
$654,962
$600,531 from orgNo related comp$54,431 other
＋9.8%vs 2017
M Dwight Shelton Jr
Executive Vice President
$436,642
$0 from org$365,136 from related$71,506 other
＋12.6%vs 2017
Dr John E Dooley
CEO and Secretary Treasurer
$423,572
$391,214 from orgNo related comp$32,358 other
－11.2%vs 2017
John Cusimano
University Treasurer
$297,498
$52,440 from org$193,273 from related$51,785 other
＋18.4%vs 2017
Ebenhard Stoddard
Senior Investment Analyst
$274,088
$229,859 from orgNo related comp$44,229 other
＋21.4%vs 2017
Kevin Sullivan
AVP for Admin and GEN Counsel
$267,998
$221,491 from orgNo related comp$46,507 other
＋16.7%vs 2017
Terri T Mitchell
AVP for Admin and Controller
$235,771
$207,302 from orgNo related comp$28,469 other
＋21.2%vs 2017
Bryan Boehling
Senior Investment Analyst
$185,507
$161,082 from orgNo related comp$24,425 other
New in 2018
Karen Bolling
Director, Internal Audit
$141,175
$109,110 from orgNo related comp$32,065 other
New in 2018
Tammy Costigan
Assistant Controller
$139,479
$107,615 from orgNo related comp$31,864 other

Non-Employee Board Members

Brandon D Perry
Board Member
Christopher J Brightman
Board Member
Darrell D Martin
Board Member (Until 10/2017)
David L Calhoun
Board Member (Until 10/2017)
Deborah A Koller
Board Member
Dennis A Duncan
Board Member
Dennis H Treacy
Board Member
Dr Amy B Hayes
Board Member
Fay H Street
Board Member
George B Clarke IV
Board Member
Gregory J Herrema
Board Member
James A Pearson
Board Member (Until 10/2017)

Mission Statement

VIRGINIA TECH FOUNDATION, INC. (VTF) IS A NONSTOCK CORPORATION ESTABLISHED IN 1948 FOR THE SOLE PURPOSE OF MANAGING VIRGINIA TECH'S ENDOWMENT AND REAL ESTATE PORTFOLIO, NOW VALUED AT $2.8 BILLION. VTF EXISTS AND OPERATES AS A SEPARATE, INDEPENDENT ENTITY WITH ITS OFFICERS AND GOVERNING BOARD-MANAGING, INVESTING, AND DISTRIBUTING PRIVATE RESOURCES TO ADVANCE VIRGINIA TECH'S MISSION AND ITS STRATEGIC PROPRIETIES.

Revisions to this organization profile

May 15, 2024:
2023 Virginia Tech Foundation Inc. 990 filed
May 15, 2023:
2022 Virginia Tech Foundation Inc. 990 filed
May 13, 2022:
2021 Virginia Tech Foundation Inc. 990 filed

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