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Great responsibility
“Business can be a force for good. I absolutely believe it,” says Byron L. Boston, CEO and co-chief investment officer of Glen Allen-based real estate investment trust Dynex Capital Inc. “CEOs have an obligation to use profit to do positive things in the community.” Boston and 11 other prominent Black business and nonprofit leaders spoke […]
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 […]
Carilion Clinic names first VP for philanthropy
Carilion Clinic has hired its first vice president for philanthropy in October, the Roanoke-based health system announced Monday. Ralph Alee provides strategic leadership for systemwide fundraising efforts, works with executive leadership in strategic planning for strengthening philanthropy, and will collaborate and help with Carilion’s $100 million capital campaign for a new cancer center, [...]
Hampden-Sydney College receives three donations totaling $12.25M
Hampden-Sydney College has received donations of $11 million, $1 million and $250,000 in support of its science programs and science center under construction, the college announced Thursday. “While the college has emphasized the sciences since its founding, the need for a state-of-the-art science facility and for all Hampden-Sydney students to graduate with a high degree […]
Mary Baldwin alum makes $12.5M gift
A 1965 alumna of Mary Baldwin University has given her alma mater $12.5 million, which will mainly go toward unrestricted support of the private university in Staunton, MBU announced Wednesday. Paula Stephens Lambert, a Dallas resident who founded Mozzarella Co. in 1982 and introduced many European handmade cheeses to the United States market on a […]
Inova receives $1M gift to endow tumor board directorship
Inova Health System has received a $1 million gift from Apex Systems co-founder Win Sheridan to endow the directorship of the Inova Molecular Tumor Board at Inova Schar Cancer Institute, the Falls Church-based health system announced last week. Dr. Timothy Cannon will be the board’s inaugural Sheridan director. He is also the co-director of the […]
Va. Tech names real estate program for Blackwoods
Virginia Tech’s real estate program will now be named for the Blackwood family, a familiar name to those in the state’s real estate industry. Willis Blackwood, founder and president of Richmond-based Blackwood Development Co. Inc., his wife, Mary Nolen Blackwood, and their children, Morgan Blackwood Patel and Nolen Blackwood, donated $2 million to the program […]
World view
Want to see the world? Head for Blacksburg. Well, at least that’s one way you might look at it. Virginia Tech, which sits in the New River Valley (population: approximately 44,300), boasts the largest number of international students of any college or university campus in the state. In pre-COVID years, about 4,000 international students populated […]
Nonprofits | Philanthropy
SHERRIE ARMSTRONG PRESIDENT AND CEO, COMMUNITY FOUNDATION FOR A GREATER RICHMOND, RICHMOND Historians will likely focus on two things regarding 2020: COVID-19 and protesters hitting the streets to demand racial justice. Under Armstrong’s leadership, the Community Foundation for a greater Richmond worked to address both the pandemic and social justice. The philanthropic organization manages more [...]
Metallica’s foundation gives NOVA nursing program $100K
Metallica’s foundation, All Within My Hands, has awarded Northern Virginia Community College’s nursing program $100,000, according to a news release. The funding will assist with providing resources for student achievements in the health field and will help students starting their careers in the college’s certified nursing assistant program. “Our region saw nearly 9,100 job pos[...]
Va. Hospital Center receives $5M gift from Arlington CEO
Virginia Hospital Center in Arlington has received a $5 million donation from longtime donor Lola C. Reinsch to promote the hospital’s campus expansion efforts. “We are honored to receive this gift and would like to thank Lola and the Reinsch Pierce family for their enduring commitment to Virginia Hospital Center,” Virginia Hospital Center Foundation President Tony […]
