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VMI foundation reports strong investment returns, flags $4M annual scholarship need
Summary
VMI’s foundation reported significant portfolio growth and fundraising last year but said sustaining the Call‑to‑Duty scholarship program at current levels will require roughly $4 million a year; the board discussed private endowment and donor assignment strategies.
The VMI Foundation told the Board of Visitors that the foundation’s portfolio had strong growth over the past year and that fundraising momentum continues, while flagging a funding gap that will affect scholarship sustainability.
During the foundation’s update, staff reported approximately $83 million of portfolio growth and described a 15‑year compound return figure around 8.57% for the portfolio under a newer investment model (foundation…
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