Virginia Tech announces record donation year
Virginia Tech received $181.9 million in donations and commitments in the last fiscal year — a record for the university.
More than 32,000 donors contributed to the university, which outpaced the previous record for gifts and commitments of $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,” university President Tim Sands said in a news release.
“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.”
Of the donations, Tech received $120.3 million in cash, which is also a record.
The record-smashing figures include the largest donation in the university’s history: a $50 million gift from the Horace G. Fralin Charitable Trust and Heywood and Cynthia Fralin.
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