• To provide quicker payments and to be responsive to the needs of those working remotely, the Virginia Tech Foundation has developed a new method for enrolling in direct deposit online. We encourage you to begin taking advantage of this new paperless option today by going to https://vtf.org/directdeposit and logging in with your Hokies account to get started. After your enrollment has been processed we will send an email confirmation to your registered work email address. You will also be notified via email from our bank (Wells Fargo) when a payment has been processed on your behalf. Please let us know if you have any questions or concerns by emailing vtf.ap@vtf.org.

  • In order to be responsive to the needs of those working remotely, the Virginia Tech Foundation has developed a method for submitting Requests for Payment to the Foundation electronically. We encourage you to begin taking advantage of this paperless new option today by going to https://vtf.org/rfp . Complete procedural guidelines are available on our website at https://vtf.org/paperless-request-payment-submission. When you submit requests electronically, please keep these items in mind:

    • You DO NOT need to get physical penned signatures when submitting electronic requests
    • DO NOT submit paper copies of your submitted request
    • Be sure to retain the original receipts for the transaction for ONE YEAR should any questions or audit inquiries arise
    • Any Personally Identifiable Information (PII) will need to be blacked out by the department prior to submitting backup documents
    • You will need to log in to the new system using your Hokies account

    To continue to offer flexible options for processing, all of the Foundation’s previously identified methods for submitting Request for Payments are still available. Please let us know if you have any questions or concerns by emailing vtf.ap@vtf.org.

  • The VTF is committed to providing the highest level of service as we all adapt to the COVID-19 pandemic. The following measures are being implemented to assist employees working remotely and to facilitate adherence to recommended social distancing.

    Requests for Payment:
    • To the extent possible please continue to send your requests for payment (RFP) by campus mail. Note that if you plan to drop your RFPs off at the VTF offices, VTF will ONLY be accepting these in the drop box located on the second floor of the University Gateway Center (UGC) next to stairwell B.

    • VTF will also temporarily be accepting RFPs and all required documentation by email. Please forward requests to vtf.ap@vtf.org. Original documentation must still subsequently be sent to VTF and please be sure to note on the originals that the payment has already been submitted by email. Please send original documents by campus mail or place them in the drop box.

    Deposits
    • To the extent possible please continue to send your Other Income Deposit forms along with checks that are to be deposited in campus mail. VTF will not accept cash deposits by mail so please follow the drop off procedures below.

    • Until further notice, VTF will ONLY accept deposits in the designated drop box located on the second floor of the UGC next to stairwell B. VTF Accounting will send receipts by email.

    Transfers
    • To the extent possible please continue to send your transfer forms by campus mail. VTF will also accept transfer forms in the designated drop box located on the second floor of the UGC next to stairwell B.

    • VTF will also temporarily be accepting transfer forms and all required documentation by email. Please forward requests to vtf.ap@vtf.org. Original documentation must still subsequently be sent to VTF and please be sure to note on the originals that the transfer request has already been submitted by email.

    New/Change Fund Forms
    • To the extent possible please continue to send New/Change Fund Forms and supporting documentation by campus mail. VTF will also accept New/Change Fund Forms and supporting documentation in the designated drop box located on the second floor of the UGC next to stairwell B.

    • VTF will also temporarily be accepting the New Change Fund Form and all required documentation by email. Please forward requests to vtf.ap@vtf.org. Original documentation must still subsequently be sent to VTF and please be sure to note on the originals that the request has already been submitted by email.

    Please call VTF at 540-231-2861 with any questions. Please be aware that VTF intends to continue to process all transactions promptly, however some of these temporary procedures may slow our normal processing times. Thank you for your cooperation during this challenging time.
    VTF is considering other alternative processing methods and this document will be updated as additional options become available so please check back often at https://vtf.org/updates

    Effective: March 17, 2020

  • The endowment payout for the upcoming fiscal year will remain the same as the FY 19-20 payout of 4.30%. Read the full memo for additional details.

  • Pete Dye left his mark on the golf world and Virginia Tech. A World Golf Hall of Famer, Dye was regarded as one of the game’s great course architects. He is credited with designing more than 130 public and private courses around the globe, including such renowned locations as TPC Sawgrass and Whistling Straits. He is also the artist behind the golf gem nestled between Blacksburg and Radford – the Pete Dye River Course of Virginia Tech.

    Dye, 94, died on Jan. 9, Dye Designs, the company he founded, announced, last week. “We have a world-class golf facility thanks to Pete Dye and Mr. Bill Goodwin and his wife Alice,” said Jay Hardwick, who retired as director of golf operations and head coach of the men’s golf team in 2018 after 36 years at Virginia Tech.

    Dye became involved with the redesign of what was then known as The River Course at the behest of his friends, Virginia Tech alumnus Bill Goodwin and his wife, Alice Goodwin, shortly after the course was acquired by the Virginia Tech Foundation in 2002. The Richmond couple provided the financial support needed for the design and construction of the new course arrangement, which was recognized as a Best New Course by Golf Digest in 2006. Since its formal dedication in 2006, the Goodwins’ investment and Dye’s design have provided Virginia Tech and Southwest Virginia with access to one of the nation’s finest golf course and the Hokies’ golf teams with an elite-level home course.

    Read the full article on the VT News here.

Pages