Compensation 990

Virginia Tech Foundation Inc.

Fiscal year ending 2022. Filed on May 15, 2023.

902 Prices Fork Road 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 2022 IRS Form 990 filing, Virginia Tech Foundation Inc., a 501(c)(3) charitable organization, reported compensation for 11 out of 76 total employees. Among the employees shown here, the average compensation is $438,008. The highest compensated employee at Virginia Tech Foundation Inc. is Mr Charles D Phlegar with fiscal year 2022 compensation of $863,511.

Revenue, expenses, and employee compensation

Revenue

$317,072,936

Expenses

$201,452,391

Employee compensation

$6,403,809
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋2.8%vs 2021
Mr Charles D Phlegar
Executive Vice President
$863,511
$0 from org$725,262 from related$138,249 other
－19.5%vs 2021
Dr Timothy D Sands
Board Member
$707,978
$0 from org$614,640 from related$93,338 other
－2.7%vs 2021
Mr Daniel Ward
CIO Endowment
$567,380
$508,178 from orgNo related comp$59,202 other
＋8.7%vs 2021
Dr Dwayne L Pinkney
Executive Vice President
$556,061
$0 from org$476,300 from related$79,761 other
New in 2022
Mr Chris Kiwus
Executive Vice President
$375,063
$0 from org$337,597 from related$37,466 other
New in 2022
Elizabeth A McClanahan
Chief Executive Officer
$330,314
$300,000 from orgNo related comp$30,314 other
＋2.0%vs 2021
Mr John J Cusimano
Treasurer
$323,151
$0 from org$268,338 from related$54,813 other
＋4.2%vs 2021
Ms Terri T Mitchell
Secretary
$297,632
$244,388 from orgNo related comp$53,244 other
＋2.6%vs 2021
Mr Ebenhard Stoddard
Investment Manager
$276,095
$228,792 from orgNo related comp$47,303 other
＋1.9%vs 2021
Mr Bryan H Boehling
Investment Manager
$260,745
$227,438 from orgNo related comp$33,307 other
＋3.0%vs 2021
Ms Catherine Potter
Assoc Vp/General Counsel
$260,158
$223,109 from orgNo related comp$37,049 other

Non-Employee Board Members

Commander Michael E Melo
Board Member
Mr Benjamin Z Stallings
Board Member
Mr Christopher J Brightman
Board Member
Mr Christopher M Quillen
Board Member
Mr Christopher W Shean
Board Member
Mr Donald Don B Halliwill
Board Member
Mr Gregory C Godsey
Board Member
Mr Gregory Greg C Thompson
Board Member
Mr J Benjamin Doughtie
Board Member
Mr J Ryan Lingerfelt
Board Member
Mr James Jim N Strawbridge
Board Member
Mr Jay S Poole
Board Member

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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