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VTF Mission
VTF Mission
According to the Virginia Tech Foundation website, "the Virginia Tech Foundation, Inc. was established in 1948 to receive, manage, and disburse private gifts in support of Virginia Tech programs. The purpose of the foundation is to manage private funds given for the support of the university, and to foster and promote the growth, progress and general welfare of the university".
General Department Information
Holds Scholarship, Fellowship, and Unrestricted funds
Financial activity occurs in Banner funds starting with an 8 (8******)
Have separate purchasing and accounting procedures from regular Banner
Can use DEPART system to submit purchase request and reconcile
ACCESS
ACCESS
VTF Banner access is available to all authorized users and inquiry users, so that funds may be monitored.
To obtain access into VTF Banner, complete the following steps:
Visit the Virginia Tech Foundation SharePoint
Procedure guide
Procedure guide
The VTF Procedure Guide is available for Faculty and Staff.
To locate the Procedure Guide and other VTF Procedures by topic complete the following steps:
Visit the Virginia Tech Employee Portal
Other Income Deposits
Other Income Deposits
The Virginia Tech Foundation has implemented a new online deposit application to be used for all Other Income deposits. Other Income deposits are all non-gift and non-grant related deposits into Foundation funds. This new application can be found at https://vtf.org/deposit.
Electronic submission via the app replaces the paper form.
When physical deposits must be made to the Foundation, submit the deposit information through the app. You’ll be presented with a confirmation number both onscreen and via email. Include this number within the deposit package then deliver it to the Foundation office for processing.
Please contact Cindy Kelley at cindy.kelley@vtf.org with any questions regarding the use of this application.
Review the University's procedure to ensure that private funds are used appropriately for business-related expenditures in compliance with donor restrictions and applicable regulations. These funds are reported in the University’s financial statements and are subject to audit by both University and foundation auditors. Purchases should align with the University’s mission and must not create conflicts of interest.
VTF Contact Information
VTF Contact Information
902 Prices Fork Road, Suite 4500, Blacksburg, VA 24061
Phone: (540) 231-2861
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