VT donations reach new high of $181.9 million

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BLACKSBURG, Va. (WFXR) – Virginia Tech received a record $181.9 million in new gifts and commitments during the 2018-19 fiscal year, up 18% from the previous year’s total and the third straight year where donations reached $150 million.

Donors included tens of thousands of individuals, corporations and foundations during the fiscal year which ended on June 30. The previous record for new gifts and commitments was $162.3 million during fiscal year 2016-17.

“Our alumni, friends, faculty, staff, parents, and students have shown how much they value Virginia Tech and are committed to its future. We are profoundly grateful for their record-setting generosity. With their support, we can change communities, the commonwealth, and the world through research and education. Thank you, Hokie Nation, for your strength and incredibly generous spirit.”

Tim Sands, President, Virginia Tech

The largest gift in Virginia’s Tech’s history was $50 million from the Horace G. Fralin Charitable Trust and Heywood and Cynthia Fralin for the renamed Fralin Biomedical Research Institute at VTC in Roanoke. Other multi-million dollar gifts included $2 million split between Pamplin College of Business and Virginia Tech Athletic by the Merryman Family and $3 million from Boeing to support the Calhoun Honors Discovery Program at the university.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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