Institute Report March 2014 - page 2

Page 2, MARCH 2014
VMI Institute Report
Office of Communications and Marketing
Col. Stewart MacInnis –
Director
Sherri Tombarge –
Editor
Burton Floyd –
Publications Coordinator
Contributors: Scott Belliveau, Kevin Remington, John Robertson IV,
Mary Price, H. Lockwood McLaughlin, Daniel Stinnett ’07 and Chris Floyd.
Printing – McClung Printing,Waynesboro, Va. Eight issues are printed during
the academic year. Inquiries, suggestions, news items, or address changes
should be directed to: Editor,
The Institute Report
, VMI Communications
and Marketing, Lexington, Virginia 24450-0304, Telephone 540-464-7207,
Fax 540-464-7443
Institute Report
On Foreign Policy
U.S. House of Representatives Majority Leader Eric Cantor
addresses the Corps Feb. 17 in Cameron Hall as part of
the H.B. Johnson Jr. ’26 Distinguished Lecture Series.
In his talk, Cantor argued for an interventionist foreign
policy.
– VMI Photo by Kevin Remington.
Foundation Fund Maintains Strong Pace
B
y
S
cott
B
elliveau
’83, VMI F
oundation
At the end of January, with five months left in fiscal year 2014, all
indications are that the Foundation Fund – through which alumni and
friends provide unrestricted funds that support the Institute’s academic
and co-curricular programs – is on pace for a strong year.
As of Jan. 31, the Foundation Fund’s donors had made more than $1.5
million in gifts. This amount is an increase of almost $50,000 over the
amount that had been received at the end of last January. Last year, all
told, the Foundation Fund received $2.6 million in donations.
“Unrestricted funds are crucial to the Institute’s future health,” said
Brian Scott Crockett, CEO of the VMI Foundation. “They allow VMI to
meet important needs; for example, this year, it is using more than $1.1
million in unrestricted funds to provide financial aid to cadets. With
unrestricted funds, VMI can seize opportunities to improve its academic
and co-curricular programs and, therefore, enhance the education that
all cadets receive.
“Unrestricted money, of course, comes from numerous sources,
including endowments that are established by individuals and classes.
However, the money given to VMI through the Foundation Fund makes
up a big chunk of the unrestricted money that the Institute receives every
year,” continued Crockett. “The goal to have alumni and friends give to
the Foundation Fund, therefore, is something into which the Foundation
puts a lot of effort.”
The effort to raise money for the Foundation Fund is a year-round
one; however, it does become more intense as the fiscal year enters its
final quarter in April.
“For many younger alumni and friends, the Foundation Fund – as
well as the other elements of annual giving, the Keydet Club Scholarship
Fund and the Athletic Operations Fund – is how they begin to support
the Institute financially,” said John Wranek III ’85, the VMI Foundation’s
vice president for annual and reunion giving. “Many older alumni, who
give to other funds in support of VMI, keep giving to the Foundation
Fund because they understand its importance to the Institute. Whatever
their reasons for giving, the last quarter is the time when many of these
donors make their gifts to VMI, so our reminder letters will be headed
out soon.
“We are hoping that the Foundation Fund will surpass the $2.6 million
that it raised last year,” continued Wranek. “Already, generous donors
have provided the Fund with a great start, and we are thankful for their
support. However, this important effort needs – and deserves – the
support of the entire VMI family.”
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