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Top Five: May 2022
The top trending major business stories on VirginiaBusiness.com from March 15 to April 14 were led by news of the death of Fairfax County developer John “Til” Hazel Jr. 1 | Fairfax County developer John ‘Til’ Hazel Jr. dies at age 91 Hazel was a key figure in the transformation of Tysons from a rural […]
Carilion Clinic receives $1M gift for education program
An anonymous couple has given Carilion Clinic a $1 million gift to support its employee career advancement program, the Roanoke health system announced Thursday. The Your Efforts, Supported program (YES) will launch later this year, with a goal to assist entry-level health care employees to earn certifications and further their education to meet career goals. […]
U.Va. Athletics receives $40M anonymous gift
The University of Virginia’s athletics department has received a $40 million anonymous bequest from a former student-athlete, the university announced Tuesday. The donation is the largest in the Virginia Athletics Foundation’s history. Part of U.Va.’s $5 billion capital campaign, the donation will be used to broadly support the university’s athletic programs, student-athlet[...]
Norfolk Southern donates archives to museum
Atlanta-based Norfolk Southern Corp. donated its complete collection of historical documents and archives from Norfolk and Western Railway, its predecessor, to the Virginia Museum of History & Culture, the company announced last week. Norfolk Southern, formerly headquartered in Norfolk, also provided a $750,000 grant to help the museum digitize, catalog and preserve the collection, and [&helli[...]
Intelsat donates space artifact to Smithsonian
McLean-based satellite operator Intelsat Corp. has donated the launch backup of the first commercial communications satellite in geosynchronous orbit to the Smithsonian’s National Air and Space Museum. The company donated the ground spare of the Intelsat 1 satellite, also known as Early Bird. Intelsat 1 was launched on April 6, 1965, and is now inactive […]
Owens & Minor donates PPE to Ukraine
Mechanicsville-based Fortune 500 health care logistics company Owens & Minor announced Monday that it is donating $500,000 in medical-grade personal protective equipment to support humanitarian relief in Ukraine and other impacted countries. The donations, which includes exam gloves, masks and gowns, was coordinated across distribution centers in Chicago, Pittsburg and Philadelphia to speed [...]
Eyes on the future
In 2021, a year marked by continuing pandemic uncertainty and overloaded health care systems, philanthropists and corporations gave generously, supporting construction and research projects at Virginia universities and hospitals. Following 2020, a year that saw record-breaking donations to Hampton, Norfolk State and Virginia State universities by billionaire MacKenzie Scott, 2021 saw similarly gen[...]
U.Va. creates new center for real estate
The University of Virginia has established a new Center for Real Estate and the Built Environment at the McIntire School of Commerce with a $10 million alumni gift, the university announced Tuesday. The center, which will serve as a hub to bring together U.Va.’s commercial real estate curriculum with university research, is being launched with […]
Hollins University alumna makes $75M donation
Hollins University has received a $75 million donation from an anonymous alumna, the largest in its history and believed to be the largest private donation to a women’s college, the university announced Thursday. The gift will fund scholarships and undergraduate financial need. It will be given in $25 million increments to the Hollins endowment over […]
Va. Tech alum donates $35M, largest single gift in school history
The largest single gift ever made to Virginia Tech, $35 million, comes from a man who grew up without running water or electricity. The university announced the gift from Norris and Wendy Mitchell Tuesday. Norris E. Mitchell, a 1958 graduate of Virginia Tech, and his wife, Wendy, committed $35 million to Virginia Tech, the largest […]
Northrop Grumman commits $12.5M to Va. Tech Innovation Campus
Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. has pledged $12.5 million to support research and teaching in quantum information science and engineering, becoming a partner of the Virginia Tech Innovation Campus in Alexandria. Virginia Tech officials announced the donation Wednesday morning. The $1 billion Virginia Tech Innovation Campus plans to invest [&he[...]
Shaun McConnon donates $15M to Roanoke College
Roanoke College has received a $15 million donation, the single largest cash gift in the school’s 179-year history, college president Michael Maxey announced Thursday to the board of trustees. College alumnus Shaun McConnon, former CEO of Massachusetts-based cybersecurity company BitSight Technologies, donated the money for the new science center. The center will house the psychology, [&hell[...]
