# Virginia Tech Foundation

Virginia Tech Foundation is an Endowment / Foundation based in Blacksburg, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Blacksburg, United States
- **Region:** North America
- **Address:** 902 Prices Fork Road Suite 4500, Blacksburg, VA 24060, United States
- **Founded:** 1948
- **Assets under management:** $3.137 billion
- **Website:** vtf.org
- **LinkedIn:** https://www.linkedin.com/company/virginia-tech-foundation-inc.

## Regulatory record

- **Reports private funds:** No

## About

Virginia Tech Foundation was formed in 1948 to hold and grow assets for Virginia Polytechnic Institute and State University. Elizabeth A. McClanahan serves as chief executive while David Greenberg acts as chief investment officer. The structure keeps the foundation independent from direct university control. The foundation allocates across public equities, private equity at 15.42 percent, real estate, and commodities. It holds direct positions in the Virginia Tech Corporate Research Center, Hotel Roanoke, and multiple farms including Kentland Farm and Heth Farm. Geographic exposure centers on Virginia with additional sites in Arlington and Riva San Vitale, Switzerland. Co-investments occur through VTC Ventures alongside Carilion Clinic. The organization employs 51 professionals and operates from its Blacksburg headquarters. It maintains memberships in NACUBO and the Association of University Research Parks. No operational events from the last 24 months appear in available records. Governance separates investment management from university operations through the independent nonstock corporation. Asset decisions flow through the foundation board and investment staff rather than state or university channels.

## Sectors

- Education
- Real Estate

## People

- Elizabeth A. McClanahan — Chief Executive Officer
- David Greenberg — Chief Investment Officer

## Questions

### Who runs investment decisions at Virginia Tech Foundation?

Elizabeth A. McClanahan serves as chief executive and David Greenberg serves as chief investment officer. Decisions follow board-approved policy for the endowment and real estate portfolio.

### Does Virginia Tech Foundation participate in fund commitments or only direct deals?

The foundation holds both fund commitments and direct ownership. Private equity exposure includes allocations through VTC Ventures and direct stakes in operating entities such as Virginia Tech Corporate Research Center, Inc.

### What asset classes does Virginia Tech Foundation hold?

Holdings include public equities, private equity at 15.42 percent of the portfolio, real estate, commodities, and alternative investments. Direct real estate covers research parks, hotels, farms, and mixed-use properties.

### Where does Virginia Tech Foundation maintain properties?

Properties are concentrated in Virginia with additional holdings in Arlington, Virginia and Riva San Vitale, Switzerland. Key assets include the Virginia Tech Corporate Research Center and the Steger Center for International Scholarship.

### How is Virginia Tech Foundation related to Virginia Tech university?

The foundation operates as a separate nonstock corporation whose sole purpose is to manage endowment and real estate assets for the benefit of Virginia Tech. It distributes resources to support university programs and strategic priorities.

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Last updated: 2026-07-08T20:58:33.295Z

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