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. VTF EXISTS AND OPERATES AS A SEPARATE, INDEPENDENT ENTITY WITH ITS OFFICERS AND (SEE SCHEDULE O) GOVERNING BOARD MANAGING, INVESTING, AND DISTRIBUTING PRIVATE RESOURCES TO ADVANCE VIRGINIA TECH'S MISSION AND ITS STRATEGIC PROPRIETIES.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 17 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Education organizations in Virginia.
- Base
- $261k
- Bonus
- $449k
- Other
- $650k
- Benefits
- $14k
- Base
- $495k
- Bonus
- $350k
- Other
- $76k
- Benefits
- $19k
- Base
- $535k
- Bonus
- $130k
- Other
- $4k
- Benefits
- $2k
- Base
- $268k
- Bonus
- —
- Other
- $1k
- Benefits
- $31k
- Base
- $168k
- Bonus
- $9k
- Other
- $838
- Benefits
- $32k
- Base
- $172k
- Bonus
- $18k
- Other
- $2k
- Benefits
- $11k
- Base
- $157k
- Bonus
- $13k
- Other
- $752
- Benefits
- $28k
- Base
- $131k
- Bonus
- $19k
- Other
- $1k
- Benefits
- $31k
- Base
- $124k
- Bonus
- —
- Other
- $20k
- Benefits
- $18k
- Base
- $135k
- Bonus
- $8k
- Other
- $3k
- Benefits
- $8k
- Base
- $144k
- Bonus
- —
- Other
- $3k
- Benefits
- —
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Former Avp/cio Endowmment Former Officer/director/trustee Above 90th percentilevs Education peers nationwide | $261k | $449k | $650k | $14k | $1.4M $1.5M |
Chief Invesment Officer Key Employee Above 90th percentile | $495k | $350k | $76k | $19k | $940k $1M |
Chief Executive Officer Above 90th percentile | $535k | $130k | $4k | $2k | $706k $771k |
Board Member-ex Officio Board Member Above 90th percentile | — | — | — | — | $376k $411k |
Assistant Secretary (as of 09/2023) Secretary (Operational) Above 90th percentilevs Education peers nationwide | $268k | — | $1k | $31k | $337k $368k |
Controller Above 90th percentilevs Education peers nationwide | $168k | $9k | $838 | $32k | $234k $255k |
CFO & Treasurer 75th to 90th percentile | $172k | $18k | $2k | $11k | $224k $244k |
Director of IT Chief Information Officer Median to 75th percentilevs Education peers nationwide | $157k | $13k | $752 | $28k | $211k $231k |
Director of Real Estate Highest Compensated Employee Median to 75th percentile | $131k | $19k | $1k | $31k | $200k $218k |
Senior Associate General Counsel Highest Compensated Employee 25th percentile to median | $124k | — | $20k | $18k | $176k $192k |
Managing Director of Planning Highest Compensated Employee 25th percentile to median | $135k | $8k | $3k | $8k | $169k $185k |
Board Member-ex Officio Board Member Above 90th percentile | — | — | — | — | $164k $179k |
Board Member-ex Officio Officer (Unspecified) | — | — | — | — | $161k $176k |
Former Ceo; Sa Vt Athletic Dir Former Officer/director/trustee 25th percentile to medianvs Education peers nationwide | $144k | — | $3k | — | $147k $161k |
COO (as 08/2023) 25th percentile to median | — | — | — | — | $122k $134k |
Board Member-ex Officio(as of 11/23) Officer (Unspecified) | — | — | — | — | $53k $58k |
Board Member-ex Officio (thru 11/23) Officer (Unspecified) | — | — | — | — | $30k $33k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 35 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at VIRGINIA TECH FOUNDATION INC equaled 0.8% of the organization's total expenses. The median for education organizations is 7%.
Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Up 11%
from 2022
From $1.3M in 2022 to $1.4M in 2023.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Key Employee pay fell 26% from 2022 to 2023, while revenue rose 32%.
- Chief Executive Officer pay rose 12% from 2022 to 2023.
- Board Member pay rose 42% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about VIRGINIA TECH FOUNDATION INC
What does the Former Officer/director/trustee of VIRGINIA TECH FOUNDATION INC earn?
In 2023, the Former Officer/director/trustee of VIRGINIA TECH FOUNDATION INC received $1,407,965 in total compensation. This pay is in the top 10% for Former Officer/director/trustee roles among Education organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Former Officer/director/trustee pay at VIRGINIA TECH FOUNDATION INC compare with similar nonprofits?
Compared with the same role at Education organizations nationwide, the 2023 pay of the Former Officer/director/trustee at VIRGINIA TECH FOUNDATION INC falls in the top 10%. In 2023, the highest total compensation at VIRGINIA TECH FOUNDATION INC equaled 0.8% of the organization's total expenses. The median for education organizations is 7%.
What are VIRGINIA TECH FOUNDATION INC's revenue and expenses?
In 2023, VIRGINIA TECH FOUNDATION INC reported $293.8M in total revenue and $182.6M in total expenses on its IRS Form 990.
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