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Gift of a lifetime
For Dr. Todd Stravitz, February was an opportune time to make the largest gift in the history of Virginia Commonwealth University — a $104 million donation to support liver research. The retired medical director of VCU Health’s Hume-Lee Transplant Center, Stravitz is an heir to the Boar’s Head Provisions Co. Inc. fortune. [...]
Boeing will move global HQ to Arlington
The Boeing Co., the world’s third-largest defense contractor, is moving its global headquarters from Chicago to Arlington, the company announced May 5. With more than 141,500 employees worldwide and operations in more than 65 countries, the aerospace and defense company will be the largest defense contractor headquartered in [...]
The gift givers
While 2020 represented a significant year for philanthropic shifts toward social and racial justice causes, 2021 and early 2022 have seen a return to traditional giving, with many of Virginia’s largest donations benefiting universities, medical research and the arts. Donations to Virginia institutions — topped by a $1[...]
Interesting times
History doesn’t repeat itself, but it often rhymes, according to an apt but apocryphal quote frequently misattributed to Mark Twain. We’re certainly seeing that dynamic writ large in the 2020s, though events don’t seem content with reviving just one era. A deadly pandemic has taken millions of lives across the globe. Infla[...]
FOR THE RECORD JUNE 2022
CENTRAL Richmond-based Dominion Energy Inc. asked the State Corporation Commission for permission in early May to increase Virginia residential customer bills by about $9 a month to account for rising fuel prices. According to federal data, Virginia already has high electric bills. Dominion cited dramatic increases in fuel prices stemming from the pandemic, inflation and […]
The 50 largest Virginia charities
See the largest donations given to Virginia nonprofits by statewide individual donors, foundations and corporations.
Albemarle’s industrial age
In Albemarle County, industrial space, not office or retail, “has been the bright spot in commercial real estate” in terms of demand, says Lisa Sturtevant, research leader at Bright MLS Inc. “All of a sudden, there’s been a big rush for industrial space,” she says, but adds, “Good luck in finding it right now.” Albemarle […]
Hampton Roads’ LGBTQ chamber relaunches
After a two-year hiatus due to COVID-19, Hampton Roads Business Outreach (HRBOR) is reviving its mission to empower and support LGBTQ businesses and their allies. HRBOR was established in 2006 and promotes LGBTQ influence through business ownership, workforce equality and diversity and inclusion. “We’re in a regrowth process[...]
‘Drink up!’ Danville says
Justin Ferrell is toasting Danville’s new Designated Outdoor Refreshment Area, which allows visitors to sip alcoholic beverages while strolling through part of the city’s River District. “It’s going to be unique for all businesses downtown because tourism is happening in Danville and people are excited about moving into [...]
Generous Virginians: Donations by individuals and foundations
See Virginia’s 50 largest charities.
Cycling industry rolls into Roanoke
Roanoke is on a roll with bicycling enthusiasts. Already known as a mountain-biking mecca — earning a rare Silver-Level Ride Center designation from the International Mountain Bicycling Association — Virginia’s Blue Ridge region has broadened its brand by becoming the site of a national bicycling championship this summer a[...]
Counting on change
Royce Burnett remembers how challenging it felt in 1981 as a freshly graduated audit associate starting work at a Big Eight accounting firm in Texas. Of about 250 new employees hired at the time, Burnett, who’s now an associate professor and chair of Old Dominion University’s School of Accountancy, believes he was the only A[...]
