VIRGINIA TECH FOUNDATION INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$293,759,159
Contributions
61%
Other
25%
Investments
9%
Program Services
5%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$182,640,214
Grants
53%
Other
27%
Fees to Service Providers
5%
Salaries & Benefits
5%
Interest
4%
Offices, Occupancy & IT
3%
Depreciation
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$134,749,837
$178,642,953
+33%
Government Grants
$0
$315,345
-
Fundraising Events
$0
$0
-
Program Services
$17,651,437
$13,744,672
-22%
Membership Dues
$0
$0
-
Investments
$34,463,051
$26,886,685
-22%
Other
$35,396,452
$74,169,504
+110%
Total Revenues
$222,260,777
$293,759,159
+32%
Expenses
2023
2024
Change
Grants
$39,513,978
$97,180,150
+146%
Benefits to Members
$0
$0
-
Salaries & Benefits
$8,622,875
$9,476,009
+10%
Fees to Service Providers
$141,041
$9,544,840
+6667%
Advertising & Promotion
$975,754
$1,629,571
+67%
Offices, Occupancy & IT
$5,277,431
$5,893,736
+12%
Interest
$6,244,861
$6,942,091
+11%
Depreciation
$1,529,610
$1,788,652
+17%
Other
$107,190,829
$50,185,165
-53%
Total Expenses
$169,496,379
$182,640,214
+8%
Net income
2023
2024
Change
Net income
+$52,764,398
+$111,118,945
+111%
Functional Expenses
Summary
2023
2024
Change
Program
$133,712,921
$157,805,291
+18%
Admin
$16,516,123
$15,864,972
-4%
Fundraising
$19,267,335
$8,969,951
-53%
Total Expenses
$169,496,379
$182,640,214
+8%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)