The Virginia Tech Foundation (VTF) is a 501(c)(3) nonprofit nonstock corporation established in 1948 to receive, manage, and disburse private gifts in support of Virginia Polytechnic Institute and State University programs. Its board includes the Rector of the Virginia Tech Board of Visitors, the president of the Virginia Tech Alumni Association, the president of the Virginia Tech Athletic Fund, and the president of the university, along with alumni and friends of Virginia Tech.
The foundation recently took on the task of disbursing funds from the Hokie Spirit Memorial Fund to those affected by the April 16, 2007 shooting spree on campus.
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Famous quotes containing the word foundation:
“Beautiful credit! The foundation of modern society. Who shall say that this is not the golden age of mutual trust, of unlimited reliance upon human promises? That is a peculiar condition of society which enables a whole nation to instantly recognize point and meaning in the familiar newspaper anecdote, which puts into the mouth of a distinguished speculator in lands and mines this remark:M”I wasn’t worth a cent two years ago, and now I owe two millions of dollars.””
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)