Virginia TECH foundation, INC. (VTF) is a nonstock corporation established in 1948 for the SOLE purpose of managing virginia TECH's endowment and real estate portfolio, now valued at $2.8 billion. VTF exists and operates as a separate, independent entity with its officers and governing board-managing, investing, and distributing private resources to advance virginia TECH's mission and its strategic proprieties.
This 501(c)(3) elected the 501(h) safe-harbor — lobbying expenditures are capped under a clear dollar formula instead of the "insubstantial part" standard.