Roanoke Hokie Foundation Inc

The Roanoke Hokie Foundation Inc is a nonprofit organization based in Roanoke, Virginia. It was established in 1997 and operates as a public charity. The foundation appears to be affiliated with Virginia Tech, given its name and location.

Overview

The Roanoke Hokie Foundation Inc is part of the network of organizations supporting Virginia Tech alumni and community activities in the Roanoke area. While specific details about its mission are not readily available, it contributes to the broader goals of fostering community engagement and support for educational initiatives.

Financial Information

As of recent reports, the foundation generated relatively modest revenues but incurred higher expenses, resulting in a net loss. Specifically, it reported revenue of $20,140 and expenses of $65,029, leading to a net income of -$44,889[3]. Despite these financial challenges, the foundation maintained net assets worth $44,801[3].

In 2023, the Roanoke Hokie Foundation Inc provided grants totaling $31,430[4], indicating its commitment to supporting local or educational causes.

Related Organizations

The Roanoke Hokie Foundation Inc, while distinct, shares connections with other Virginia Tech-related organizations. For instance, the Virginia Tech Foundation, established in 1948, manages Virginia Tech's endowment and real estate portfolio, playing a crucial role in advancing the university's educational and research goals[2]. However, these organizations operate independently with distinct roles and focuses.

Conclusion

The Roanoke Hokie Foundation Inc serves as a local pillar for Virginia Tech alumni and community engagement in the Roanoke area. Despite experiencing financial challenges, the foundation continues to contribute to local grants and educational initiatives. Its role within the broader network of Virginia Tech organizations underscores its importance in fostering community support and educational advancement.