Virginia Tech Foundation
The Virginia Tech Foundation, established in 1948, manages assets valued at over $2.6 billion, including a $1.68 billion endowment, and supports a range of initiatives including student investing teams, real estate holdings, and research facilities.
History of the Virginia Tech Foundation
The Virginia Tech Foundation was established in 1948. Since its inception, the foundation has played a critical role in managing and growing the assets of Virginia Tech. The foundation has expanded its portfolio over the decades, acquiring significant properties and supporting various initiatives and projects that benefit the university and its stakeholders.
Virginia Tech Foundation Endowment
The Virginia Tech Foundation manages an endowment valued at $1.68 billion within its total asset portfolio of over $2.6 billion. The endowment has achieved a 10-year annualized performance of 7.5 percent, consistently ranking in the top quartile among its peers when compared over one, three, and five-year periods. The foundation also supports student investing teams such as SEED, BASIS, and COINs, who manage portions of the endowment.
Real Estate Holdings
The Virginia Tech Foundation owns more than 2 million square feet of property across 2,500 acres, including properties in Virginia and Switzerland. Notable properties include the historic Hotel Roanoke, the Virginia Tech Research Center-Arlington, the Pete Dye River Course, and the Hokie Stone Quarry. The foundation's real estate investments are used to provide state-of-the-art facilities for experiential learning and entrepreneurship.
Virginia Tech Corporate Research Center
Established by the Virginia Tech Foundation, the Virginia Tech Corporate Research Center is a 230-acre development that houses over 180 research, technology, and support companies. It plays a vital role in fostering innovation and business growth in the region, with facilities and resources that support cutting-edge research and development.
Steger Center for International Scholarship
The Steger Center for International Scholarship in Switzerland serves as Virginia Tech’s main international facility. Owned by the Virginia Tech Foundation, the center underwent significant renovation and expansion in 2014. It supports various academic and research initiatives, providing opportunities for international engagement and scholarship.