Virginia Industry Foundation

The Virginia Industry Foundation (VIF) is a 501(c)(3) nonprofit organization established in 2007 by the Virginia Manufacturers Association. It is dedicated to providing philanthropic support to key educational, economic development, and career development resources.

Mission and Activities

The VIF's mission is to advance industry and education through scientific educational information, publication, and dissemination of industry standards. It supports technology-intensive industry research and development, serves as a charitable resource for industry and the public, and recognizes industrial, scientific, educational, workplace, and environmental achievements.

Supported Initiatives

• Manufacturing Skills Institute (MSI): VIF supports MSI in providing training and certifications to high schools, community colleges, and other educational institutions.
• Women in Manufacturing – Virginia Chapter: This chapter promotes and supports women in manufacturing careers.
• Microsoft Cloud-Based Software Solutions: The VIF provides access to Microsoft cloud software to enhance competitiveness in the economy.
• Economic Development Research: It supports critical research into economic development competitiveness.

Financial Overview

The VIF primarily relies on contributions for its revenue. In recent fiscal years, its total revenues have been comprised almost entirely of grants and contributions, with minimal investment income. The organization maintains a focus on community improvement and capacity building through non-monetary support.

Governance and Leadership

As of the latest available data, the leadership includes Brett Vassey as President. Key officers and board members receive no direct compensation from the organization but may have related compensation from other sources.