Providing a world-class education that, over four short years, transforms young people into citizen-soldiers ready for lives of success, service, and leadership is the work of hundreds of people on post: administrators, faculty, and staff.
But it also is due to the thousands of people who have been – and are – willing to provide the generous private financial support that is absolutely critical to ensuring that the hallmark of every element of VMI’s remarkable education is excellence.
There are many ways to participate in this effort to keep the uncommon college that is VMI strong. Every gift is important to VMI because every gift helps VMI.
Ways to Give
The Institute attaches great importance to unrestricted donations because they can be directed to where they are most needed within its academic and co-curricular programs. These gifts come from such sources as the Foundation Fund, unrestricted endowments, or various discretionary funds.
Many donors choose to restrict their gifts to the support of a particular activity on Post, such as an academic department, an intercollegiate athletic team, or a support activity.
The three components of VMI annual giving are the Foundation Fund, the Keydet Club Scholarship Fund, and the Athletic Operations Fund. Respectively, they provide unrestricted money for academic and co-curricular programs, grant-in-aid assistance for cadet-athletes, and operating funds for intercollegiate athletic programs.
Whether restricted or unrestricted, an endowment is a permanent fund that, over time, provides increasing support for VMI.
Donors can contribute to endowment funds that support scholarships for cadets; provide sustained resources for faculty support, professorships, academic departments, and other activities; and produce unrestricted funds for VMI.
A minimum gift of $25,000 is required to endow an unrestricted fund, and a minimum gift of $50,000 is necessary to establish a restricted fund.
Planned giving vehicles – such as bequests, charitable gift annuities, and trusts – are among the most popular ways to support the Institute and meet your financial and philanthropic goals. For more information, visit http://www.vmilegacy.org/.
The VMI Foundation and the VMI Keydet Club support the Donor Bill of Rights as adopted by many organizations such as the Council for Advancement and Support of Education which states that philanthropy is based on voluntary action for the common good. To assure that philanthropy merits the respect and trust of the general public, and that donors and prospective donors can have full confidence in the causes they are asked to support, donors in support of VMI have the following rights:
- To be informed of the VMI Foundation’s and VMI Keydet Club’s mission, of the way the VMI Foundation and the VMI Keydet Club intend to use donated resources, and of their capacities to use donations effectively for their intended purposes.
- To be informed of the identity of those serving on the organizations’ governing boards, and to expect the board to exercise prudent judgment in its stewardship responsibilities.
- To have access to the organizations’ most recent financial statements.
- To be assured their gifts will be used for the purposes for which they were given.
- To receive appropriate acknowledgment and recognition.
- To be assured that information about their donations is handled with respect and with confidentiality to the extent provided by law.
- To expect that all relationships with individuals representing the VMI Foundation and the VMI Keydet Club will be professional in nature.
- To be informed whether those seeking donations are volunteers, employees of the VMI Foundation and the VMI Keydet Club, or hired solicitors.
- To feel free to ask questions when making a donation and to receive prompt, truthful, and forthright answers.
The VMI Foundation and the VMI Keydet Club are registered 501(c)(3) non-profit organizations. Their policies regarding the receipt and stewardship of donations are available in the Gift Policy Manual.