To Advance VMI
The VMI Foundation’s mission is simple: to raise, steward, and invest the funds entrusted to it by members of the VMI Family for the sole purpose of advancing the Virginia Military Institute.
Operating as a private, non-profit corporation since 1937, the VMI Foundation annually raises tens of millions of dollars in gifts and commitments from VMI’s alumni, parents, and friends as well as manages hundreds of millions of dollars in endowments.
With this private money, the VMI Foundation supports the constant improvement of the Institute’s academic and co-curricular programs. It also supports capital improvements on Post that ensure that VMI has the high-quality facilities necessary to provide a modern education and a healthful environment in which the Corps of Cadets live, learn, and compete. Also, immediate gifts from donors and endowments that the VMI Foundation manages annually generate millions of dollars in financial aid.
In the current academic year, private financial support constitutes one-quarter of VMI's $87.6 million operating budget, and the vast majority of this comes from the VMI Foundation. This money ensures that VMI can offer the combination of rigorous academics, a demanding co-curriculum, and plentiful athletic opportunities that constitute its extraordinary education.
As a private entity, the VMI Foundation also provides an indirect financial benefit to the Institute by removing from it the financial burden of managing and staffing its own development office. The VMI Foundation also funds the vital work of the VMI Alumni Association and cooperates with the VMI Alumni Association and the VMI Keydet Club to strengthen the bonds within the VMI Family and the ties alumni and friends have to the Institute.