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  • Financial Statements
    to the VMI Alumni Agencies in the form of a Combined Financial Statement In order to maintain the maximum possible level of transparency and thus trust the VMI Alumni Agencies make the report available for examination View the 2015 Audit Statement Stewardship Financial Statements Information Policies Investments at VMI Investments at VMI FAQ For Questions Contact Scott Belliveau 83 Director of Communications E scottb vmiaa org P 540 464 7287

    Original URL path: http://www.vmi.edu/Content.aspx?id=10737426535 (2016-02-15)
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  • VMI Foundation - Information Policies
    should make their wishes known as soon as possible in the gift process We are happy to provide detailed financial records to our donors concerning their current and past giving as well as provide information on the status of endowments they have established We also are willing to provide information on general fundraising and stewardship practices As a registered 501 c 3 non profit organization the VMI Foundation is not subject to Virginia s Freedom of Information Act and is not required to disclose information about private gifts without donor permission Audit Annually the VMI Alumni Agencies to include the VMI Foundation are subjected to a thorough financial audit The results of that audit are posted on this website in the form of a Combined Financial Statement It can be found on the page entitled Financial Statements Form 990 Federal law also requires charitable organizations to file a Form 990 with the Internal Revenue Service A completed IRS Form 990 contains detailed financial facts on a charity including but not limited to information on income expenses assets and liabilities The organization s financial position also is provided on the Form 990 A copy of the VMI Foundation s Form 990

    Original URL path: http://www.vmi.edu/Content.aspx?id=10737426537 (2016-02-15)
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  • Investments at VMI
    process VMI Investment Holdings LLC contracted with the nationally recognized investment management firm Cliffwater LLC for the task With an eye toward long term protection of the Endowment against possible future market volatility VMI Investment Holdings LLC directed a change in asset allocation within the VMI Endowment Previously weighted heavily toward equities and bonds the new allocation entailed more fixed income and fixed income associated investments as well as what are termed defensive alternative investments Recently an allocation to private equity investments was made in the full knowledge that they might not generate the returns currently being experienced in funds weighted toward say the S P but in accordance with the overall policy of protecting against major downturns Like the portfolios of most institutional and individuals that of VMI Investment Holdings still is recovering from the major declines of 2008 2009 At the end of Fiscal Year 2009 the market value of the VMI Endowment was 234 7 million At the end of the last four fiscal years its value has been Year Value In millions of FY 2011 315 8 FY 2012 300 4 FY 2013 328 6 FY 2014 371 1 Thus the value of the VMI Endowment from FY 2009 to FY 2014 has increased by 136 4 million or 58 Since 2004 the VMI Endowment has provided more than 100 million in support to the Institute The level of support has been kept relatively high the distribution rate has been 4 8 because of the need of the Institute for increased private support at a time when state support was decreasing In the future however it is hoped that a sound long term investment strategy will generate more support for VMI as well as add greater value to the VMI Endowment Prudent management is one way

    Original URL path: http://www.vmi.edu/Content.aspx?id=10737426542 (2016-02-15)
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  • Investments at VMI
    Investment Holdings LLC in the management process Cliffwater LLC routinely reports to VMI Investment Holdings LLC and there are quarterly meetings in which members of the VMI Investment Holdings LLC meet face to face with Cliffwater representatives What is the overall investment approach Before 2009 investments that supported VMI were weighted heavily toward equities and bonds While this meant impressive gains when say the stock market was booming it translated into serious losses when the bottom dropped out of the equities market The current overall policy goal is to protect against major downturns The new allocation entails more fixed income and fixed income associated investments as well as what are termed defensive alternative investments Recently it was decided to allocate some funds to private equity investments What has the endowment s recent performance been At the end of Fiscal Year 2014 the market value of the VMI Endowment was 371 1 million Using the Fiscal Year 2009 market value of 234 7 million as a benchmark this reflects an increase of 136 4 million or 58 But the stock market has been performing strongly over the past few years Shouldn t that mean a return to bigger investments in equities Admittedly if the investment allocation were weighted more heavily toward equities especially U S equities the performance of the endowment might be stronger at this particular time However the enduring health of the VMI Endowment is essential to the lasting success of the Institute So the current strategy is seen as the best way to generate more support for VMI as well as add value to the VMI Endowment in the long term How much support does the endowment provide to the Institute Since 2004 the VMI Endowment has provided more than 100 million in support to the Institute It

    Original URL path: http://www.vmi.edu/Content.aspx?id=10737426541 (2016-02-15)
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  • VMI Keydet Club Membership
    Varsity One Big Team Keydet How to Give How to Give Ways to Give Where to Give News vmikeydets com Contact Give Close Menu Membership Out of State Scholarship In State Scholarship Scholarship Sportsman Spirit Flying Squadron Letterman Big Red Young Alumni Big Red Hail Varsity One Big Team Keydet VMI Keydet Club 304 Letcher Avenue P O Box 932 Lexington VA 24450 kclub vmiaa org Toll 1 800 444 1839 Fax 1 540 463 2695 KeydetClub Membership Membership Making VMI possible The Keydet Club s primary mission is raising the annual scholarship and operational money needed to support VMI s NCAA Division I athletic program Support on an annual basis from Alumni parents and friends of VMI is critical to accomplish this need Below are the various leadership levels within the Keydet Club Approximately eighty cents of every dollar you contribute covers athletic scholarships grants in aid and operations for VMI s 13 Division I athletic programs The remainder finances fundraising operations including staff salaries and travel information technology communications and marketing and events What is really important is knowing that you are making it possible for a young man or women to prepare themselves for a successful adult

    Original URL path: http://www.vmi.edu/Content.aspx?id=10737418807 (2016-02-15)
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  • Virginia Military Institute - Keydet Club Recognizes New Endowed Scholarship for Winter 2016
    VMI with 17 3 points per game Blair was named Second Team All SouthernConference in 1963 and he became the first Keydet to ever be named First TeamAll Conference Southern Conference in 1964 He was also named to the All Tournament Team in the Southern ConferenceTournament in 1964 Blair led the 1964team to the Southern Conference Championship before losing to Princeton in theNCAA Regionals Blairwas named head coach at VMI in 1972 In1974 he was named to the VMI Sports Hall of Fame During the 1975 1976 season Blair led theKeydets to the most memorable season in VMI Basketball history His team won the first ever regular seasonconference title before capturing VMI s second Southern ConferenceChampionship VMI beat 9 Tennessee inthe first game of the NCAA Tournament before beating 17 DePaul in the secondround to reach the Elite Eight Withonly one win away from reaching the Final Four Blair s Keydets fell tothird ranked and undefeated Rutgers University Blair would leave VMI to become head coach at the University of Coloradofor five seasons before embarking on a dozen years of being an NBA coachincluding head coaching stints with the New Jersey Nets and MinnesotaTimberwolves CoachBill Blair s 64 accomplishments while a cadet athlete and coach at VMI aretruly amazing and give VMI Basketball a legacy of excellence remarked KeydetClub CEO Greg Cavallaro 84 who was instrumental in working with the Blairfamily in funding the scholarship He added It is fitting to honor CoachBlair and to celebrate all he accomplished at VMI and in his distinguishedcoaching career TheElmon T Gray 46 Athletic Scholarship Mr Garland Gray II 73 in conjunction with his son Garland Gray III 10 hasestablished The Elmon T Gray 46Athletic Scholarship to honor his late father Elmon T Gray 46 Thescholarship will provide grant in aid to a cadet athlete on the VMI football baseball track and field or wrestling team with preference given to those whomatriculate from the State of Virginia specifically Southside VA ElmonGray matriculated at VMI in 1942 from Waverly VA He left VMI in 1944 to servewith the U S Navy After being discharged as an ensign in 1946 he returned toVMI to complete his degree which he received in 1947 During his cadetship heparticipated in the Monogram Club and was a member of the baseball team AfterVMI he joined his family s business Gray Lumber Company based in Waverly VA Originally centered on timber and lumber it expanded into a diversifiedreal estate holding company becoming GrayCo in 1992 Gray served as the corporations president for many years and at the time of his death was its chairman Healso served on numerous boards including Virginia Electric and Power Company First and Merchants National Bank James River Bankshares Ltd and UniversalCorp In1972 Gray became a member of the Senate of Virginia filing the same seat hisfather had held During two decades of senatorial service he was a member ofmany key committees and was widely respected by colleagues of both parties InMarch 2009 VMI recognized his

    Original URL path: http://www.vmi.edu/Content.aspx?id=10737433788 (2016-02-15)
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  • Virginia Military Institute - 2013 Scholarship Awards Banquet
    representatives coaches and VMI administrators The event brought together the largest number of VMI s most generous benefactors to athletics and their scholarship cadet athletes in the history of the banquet VMI football defensive end Justin Smith 13 a fifth year player welcomed the crowd and gave the blessing before dinner The staff of the Keydet Club Robert Crumpler 07 Donnie Ross 74 and Andrew Deal 12 recognized all of the scholarship athletes and their scholarship donors and or fund representatives present The evening brings together all of VMI s young men and women who are fortunate to attend VMI on an athletic scholarship and gives them a chance to meet the people who make their VMI educations possible It is a great opportunity for both cadets and donors to develop meaningful relationships that can last a lifetime said Keydet Club CEO Greg Cavallaro 84 For our donors these relationships are without question the single biggest factor that influences their generosity and continued support to the Keydet Club One of the highlights of the evening was the presentation of the Keydet Club s Three LeggedStool Award This year s award went to Ted Gottwald 14 who serves as President of the VMI Honor Court and captain of the wrestling team Coined by the late Giles Miller 24 one of VMI s most legendary alumni the term three legged stool best describes VMI s well rounded educational mission The Three Legged Stool Award highlights a cadet s outstanding achievements in all three major legs of the VMI education Academics Leadership and Athletics Cadet Gottwald became the first President of the VMI Honor Court to receive the award The evening s guest speaker VMI Director of Intercollegiate Athletics Donny White 65 was introduced by VMI 14 th Superintendent General J H Binford

    Original URL path: http://www.vmi.edu/Content.aspx?id=10737426378 (2016-02-15)
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  • Virginia Military Institute - Jerry Acuff 71 Remarks from Scholarship Banquet 2015
    rat in the graduating first class or a parent with all the responsibilities of family and work these may be worth some thought The first one everything matters Every play matters every class matters every rebound matters every parade matters every test matters everything matters We never know when what we do will create wins and opportunities for us and that s why everything matters You see my irresponsible approach to my academics when I was 19 and 20 cost me in a big way It kept me from pursuing my dream Everything matters The second thing I learned along the way that I wish I knew earlier Relationships aren t important they are everything Our relationships with our families our friends our Creator our brother rats our co workers our teammates they define us The quality of our life is directly related to the quality of our relationships 70 of all the jobs you will get in your entire life will be through your network We need to build our networks with discipline and purpose because they will be what gets us through the good times and the bad times The relationships you forge here and later in life with fellow alums will create a fullness in your life others will never know Relationships are everything Next Obstacles are necessary for success VMI was founded on this premise There sure are a lot of obstacles here But obstacles force us to get better or quit You see it s ok to want to quit but it isn t ok to quit Rats especially remember that We must persist until we succeed because failure means nothing if success eventually comes Oliver Goldsmith said Our greatest glory consists not in never falling but in rising very time we fall In a book that sold 10 million copies Og Mandino said It s not given to know how many steps are necessary in order to reach my goal Failure I may still encounter at the thousandth step yet success hides just beyond the next bend in the road And never will I know how close it lies unless I turn the corner Never ever give up Success is never final and neither is failure unless we let it be The 4 th lesson for me was something I learned on May 16 th 1969 Deaton Smith was the Valedictorian and in his valedictory address said this A life without a sense of responsibility is a life without meaning Knowing our purpose and why we strive is critical to extraordinary success MLK had purpose Abraham Lincoln had purpose Rosa Parks had purpose George Marshall had purpose And each of them changed the world by living a purpose driven life We must look for our purpose and find meaningful responsibility in our daily lives in order to make our difference in this world No matter what we do we must never stop striving to make a meaningful contribution That is true for everyone but

    Original URL path: http://www.vmi.edu/Content.aspx?id=10737433596 (2016-02-15)
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