$162 million donations sets record at Virginia Tech

Published: Aug. 17, 2017 at 8:12 PM EDT
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More generous donations were made at Virginia Tech last fiscal year than ever before.

$162 million was given to the university. That total in gifts is from businesses, foundations, and individuals from just one year.

A fraction of that came from a Botetourt County native.

"I want to be able to touch generations in the future," said Kevin Crofton, a Virginia Tech alumnus.

Last year, Kevin Crofton gave $15 million to Virginia Tech. In return the Department of Aerospace and Ocean Engineering named its program after him. I talked to him in November about his generous donation.

"By doing this, this gives maybe a chance for people who may not have that opportunity to chase their dreams," Crofton said.

He joins nearly 35 thousand other donors who gave to Virginia Tech during the 2017 fiscal year. That's a 62-percent increase in donations compared to the year before and more than double what was raised two years earlier.

"That's the largest year in giving that Virginia Tech has ever seen. We're quite proud of it," said Michael Moyer, the Associate Vice President of Development at Virginia Tech.

And rightfully so. Universities across the nation rely heavily on private support. At Virginia Tech just 17 percent of the total budget is provided by the state. University President Tim Sands created the Division of Advancement to focus efforts on fundraising, communications, and alumni relations.

"We have leadership at the university that has a clear vision of where we need to go. We are now sharing that vision with our alumni and our friends and asking for their trust in their investment for us to take Virginia Tech there," Moyer said.

The increase in gifts is providing scholarships for 100 students in the university's "Beyond Boundaries" program. It's also funding new programs and helping expand the university.