Article Date : 10/31/2016
BASIS, the student group that manages $5 million of Virginia Tech’s endowment by investing in bonds and other fixed-income securities, has generated about $2.5 million in gross returns for the Virginia Tech Foundation during its first decade. The group, whose name stands for Bond And Securities Investing by Students, recently celebrated the 10th anniversary of its first trade in 2006 by buying a 30-year Treasury bond with a 2.5 percent coupon and a $50,000 face value.
Though its portfolio is a tiny fraction of the university’s $820 million endowment, BASIS provides a valuable experiential learning program for its members, said its faculty advisor, finance professor George Morgan. Read the full article on VT News here.
Article Date : 08/01/2016
The River Course hosted regional, university, and charity events during the fiscal year, including the 103rd Virginia State Golf Association Amateur Championship. In addition to the VSGA championship, the course hosted 30 events supporting local charities, and 16 Virginia Tech events as well as the Blue Ridge Junior Tour Championship and the College Prep Tour.
Article Date : 03/23/2016
The foundation accounting department has released its fiscal 2016 year-end closing schedule. The year-end closing dates for deposits, disbursements, establishing new funds, and corrections to foundation funds are provided on the downloadable schedule. We ask that all departments put in their requests early to allow ample time for processing.
Article Date : 02/11/2016
The Hotel Roanoke & Conference Center, owned by Virginia Tech Real Estate Foundation, will join a new brand of Hilton Worldwide hotels that features properties boasting individuality and boutique-style atmosphere. The hotel is currently under the Double Tree Hilton brand and will move to the Curio collection which consists of about 30 hotels across the country. The "Grand Old Lady" is the first Virginia hotel to become part of the brand.
“As a landmark with deep roots in the Roanoke community, this magnificent hotel perfectly embodies the Curio spirit of individuality and authenticity,” said Dianna Vaughan, global head, Curio – A Collection by Hilton. “With its adjoining conference center, easy downtown access and ideal location within the surrounding Blue Ridge Mountains region, The Hotel Roanoke & Conference Center is an ideal choice for business and leisure guests.”
Article Date : 10/16/2015
Kaley Burlingame, the co-CEO of SEED (Student-managed Endowment for Educational Development), a student-run investor group that manages a stock portfolio for the Virginia Tech Foundation, has made multiple appearances on CNBC’s “Closing Bell." Read More...