Virginia Polytechnic Institute And State University Awards Financial Services Contract to Virginia Tech Foundation Inc (November 2025)
Virginia Polytechnic Institute And State UniversityHigher Ed · Blacksburg, VA- Disclosed value
- $775,000 plus accrued interest (promissory note)
- From resolution
- Approved
- Nov 18, 2025
- Renews
- Free account
The 30-second brief
Virginia Tech Board of Visitors approved execution of a promissory note with the Virginia Tech Foundation, Inc. for $775,000 plus interest, with repayment from net tire testing revenues over up to four years.
Virginia Tech Foundation Inc holds this financial services contract with Virginia Polytechnic Institute And State University. Its other public contracts on record include work for Santa Maria Public Airport District and Virginia Tobacco Region Revitalization Commission.
The renewal date is on record. A free account shows it, with the renewals for every Virginia Polytechnic Institute And State University contract.
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Contract details
- Contract type
- Financial Services
- Amount
- $775,000 plus accrued interest (promissory note)
- Document date
- November 18, 2025
- Term
- Repayment to begin by FY 2026-2027; period not to exceed 4 years
- Renews
- Free account
- Source document
- virginia_tech_board_of_visitors_resolution_vtt_llc.pdf (Resolution)
Virginia Tech Foundation Inc's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Virginia Polytechnic Institute And State University?
Virginia Tech Foundation Inc was awarded this financial services contract by Virginia Polytechnic Institute And State University, as recorded on November 18, 2025. The contract value is $775,000 plus accrued interest (promissory note).
How much is the Virginia Tech Foundation Inc contract with Virginia Polytechnic Institute And State University worth?
The Virginia Tech Foundation Inc contract with Virginia Polytechnic Institute And State University is valued at $775,000 plus accrued interest (promissory note), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in virginia_tech_board_of_visitors_resolution_vtt_llc.pdf (Resolution), dated November 18, 2025 from Virginia Polytechnic Institute And State University. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Virginia Tech Foundation Inc hold?
Virginia Tech Foundation Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Virginia Polytechnic Institute And State University currently buying?
Explore Virginia Polytechnic Institute And State University's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.