Message from the CEO
Dear Alumni and Friends of VMI:
Tradition is a word closely associated with VMI. Some of its traditions are relatively young; others, such as the cadet guard, were established in VMI’s earliest days.
It might surprise some, but one of the longest standing traditions at VMI is private support of the Institute and its cadets. The first scholarships were established before the Civil War, and private donors were critical to the Institute’s survival in the decades after the Civil War.
Over time, private support has increased in importance to VMI and the Corps of Cadets. This academic year, private financial support will make up 24% of VMI’s $81.1 million annual operating budget. Last year, 1,199 cadets received support from private sources, most of which funds were provided by the VMI Foundation. This included 404 cadets who received need-based scholarship support and another 71 cadets who received merit-based aid.
Alumni and friends have a long-standing tradition of donating to VMI. Individual benefactors and various groups established endowments that generate millions of dollars annually for VMI and its cadets. Every year, donors give millions of dollars in immediate gifts that have an immediate and positive impact on the Institute. In the past fiscal year, they entrusted the VMI Foundation with more than $30 million in gifts and commitments.
All of us on Post are grateful for the support of our donors, past and present. I hope that you will join them in the critically important effort to support a truly extraordinary American college.
Brian Scott Crockett
CEO, VMI Foundation