FY22 financial report print.indd

Virginia Tech Financial Report 2021-2022

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Virginia Tech Foundation Inc.

The purpose of Virginia Tech Foundation, Inc. (VTF) is to receive, manage, and disburse private funds given for the support of the university, and to foster and promote the growth, progress, and general welfare of the university. During the current fiscal year, the foundation recognized $203.3 million in contributions for support of the university. Investment income of $20.8 million, along with net loss on invest ments of $70.7 million, resulted in a $49.9 million net loss on investment activity. Property rental, hotel operating, and golf course income totaled $68.5 million. Other income accounted for $26.8 million. Total income of $248.7 million was offset by $242.2 million in expenses that supported the university and its programs. Direct support to various university programs aggregated $170.3 million, which included $36.4 million in schol arship support to students and faculty and $21.0 million towards university capital projects. Addi tional expenses such as fundraising, management and general, research center, hotel operating, golf course, and other costs totaled $71.9 million. Total net position decreased by $14.6 million over the previous year. The graphs on this page are categorized as presented in the foundation’s audited financial statements that follow the Financial Accounting Standards Board (FASB) presentation require ments.

VTF Revenues, Gains & Other Support For the year ended June 30, 2022 (all dollars in millions)

Contributions ($203.3) Investment income ($20.8)

Net loss on investments ($70.7)

Rental income ($43.9) Hotel Roanoke ($23.0) River Course ($1.6) Other income ($26.8)

-75

-50

-25

25 50 75 100 125 150 175 200 225

VTF Expenses For the year ended June 30, 2022 (all dollars in millions)

Program support ($112.9)

Student financial aid ($36.4)

University capital outlay ($21.0)

Fundraising ($16.8)

Research park ($18.3)

Hotel Roanoke ($21.3)

River Course ($2.3)

General management ($13.2)

25

75

100 125

50

VTF Endowment Market Value* For the years ended June 30, 2018-2022 (all dollars in millions)

Contributions

Appreciation

1,477.0

207.7

2022

1,583.7

106.7

2021

1,233.8

104.1

2020

2019

1,108.9

249.1

2018

884.9

261.2

300

900

1,200

1,800

600

1,500

*Market value of endowment funds includes custodial deposits held in trust of $576.8 million. (Source: Virginia Tech Investment Managers, unaudited)

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