On Monday afternoon I had a chance to sit down at Mike’s Grill with Scott “Scooter” Davis, Associate Director of Development for the Hokie Club. Scott played basketball for the Hokies back in the 1980s, coached under Bill Foster, and has been involved with the Hokie Club for a long time.
We talked about everything from the Football Indoor Practice Facility, Cost of Attendance, overall donations, the focus of the Hokie Club, adding new members, etc.
Fundraising for the Indoor Practice Facility moves forward
At this time last year, Virginia Tech had raised $13,128,243 for the building of the Indoor Practice Facility. That number has increased now to a little over $19.5 million. That includes over $11.3 million in money raised already, as well as nearly $8.2 million in additional pledges.
The total cost of the new facility is $21.3 million, which means that assuming all the pledged money is turned into real cash, Virginia Tech is very close to getting that facility paid for through private donations.
To me, that’s a big deal. It’s always a good idea to get your non-revenue producing facilities paid for through private donations, while you can finance the revenue-producing projects (such as Lane Stadium’s South end zone or the East Side expansions).
“We’re making progress,” Scott Davis said. “It will be nice to get to that finish line and see what’s around the corner for Whit and whatever else he deems is the top priority.”
Of course, Tech’s facility improvements won’t end with the new Indoor Facility. In the modern world of college athletics, if you aren’t spending money you are falling behind. It’s rumored that a renovation of the Merryman Center is next up.
Annual Fund drops, but overall donations up $2.2 million
The first half of the fiscal year...
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