The VMI Alumni Agencies
The VMI Alumni Agencies (“Agencies”) are comprised of four organizations that share the common purpose of raising funds, investing funds, and performing other activities on behalf of VMI alumni and other donors in support of Virginia Military Institute (VMI). Significant sources of revenue consist of contributions and investment return. Due to their shared purpose, the Agencies have elected to present their financial statements on a combined basis. All significant interagency accounts and transactions have been eliminated in combination. The individual organizations comprising the Agencies and their purposes are as follows:
The VMI Alumni Association
The purpose of the VMI Alumni Association (“Alumni Association”) is to organize the alumni of VMI into one general body.
VMI Foundation, Incorporated and Subsidiary
The purpose of the VMI Foundation, Incorporated and Subsidiary (“Foundation”) is to solicit and to accept various funds and to disburse such funds, or income earned from those funds, for the advancement of VMI and the Alumni Association. The Foundation is the sole member of VMI Investment Holdings, LLC, responsible for the investments of the endowment.
VMI Alumni Agencies Board, Incorporated (formerly VMI Development Board, Incorporated)
During fiscal year 2018, the VMI Development Board, Incorporated amended its bylaws and changed its name to the VMI Alumni Agencies Board, Incorporated. The purpose of the VMI Alumni Agencies Board, Incorporated (“Alumni Agencies Board”) is to receive, hold, and manage assets for any purpose on behalf of the Agencies and VMI.
VMI Keydet Club, Incorporated
With the support of its Board of Governors, a cohort of 28 elected volunteers responsible for the policies and governance of the organization, The Keydet Club accomplishes its mission by raising charitable gifts and commitments—to include those that create endowments—that provide grant-in-aid support to VMI’s NCAA cadet-athletes.
The VMI Alumni Agencies Personnel
|Stephen M. Maconi
||Chief Executive Officer & Secretary to the Board
||Buena Vista, Virginia
||Chief Financial Officer, Alumni Agencies
|Amy F. Goetz
||Chief Communications Officer
|Thomas A. Brashears ‘95
||Chief Operating Officer, VMI Alumni Association
|Meade B. King ‘85
||Chief Operating Officer, VMI Foundation & Keydet Club
VMI Parents Council
The VMI Parents Council was formed in 1957 to provide information and assistance to the parents of cadets attending VMI. Members of the Parents Council are selected from parents of cadets in the upper three classes. The purposes of the Parents Council are to develop closer ties between parents and VMI; to help parents serve as ambassadors for VMI; and to assist the Institute in providing for the welfare and development of cadets. The Council is to be a sounding board to help cadets and their families gain the most from VMI. If the Council can help a parent understand VMI and provide a ready source of information to all cadets and parents, then it has met its challenge. The Parents Council meets formally twice a year at VMI. The fall meeting is held on Parents Weekend. Council representatives regularly attend VMI events to answer questions and act as hosts and hostesses.
VMI Research Laboratories
VMI Research Laboratories, Inc. was established in 1963 by General George Shell, Superintendent. The mission of VMIRL is to facilitate the pursuit of research by faculty members at VMI through the administration of grants and contracts and sponsorship of research activities. The VMIRL Board of Directors oversees the activities of the labs and meets on an annual basis to review the yearly activities. Day-to-day administration of VMIRL is conducted by the Officers of the Corporation.
Since its inception, VMIRL has administered more than 260 grants and contracts totaling nearly $10,000,000. Faculty researchers at VMI have obtained financial support for their projects from federal sources such as NSF, NIH, NEH, Agricultural Research Service of the USDA, DOD, and the Army Research Institute, as well as from state resources, e.g., VDOT, Va. Department of Environmental Quality, Center for Innovative Technology, Va. Department of Health, Va. Department of Information Technology, and Va. Department of Technology Planning, and from private corporations such as Babcock and Wilcox, Jeffress Memorial Trust, Emhart Glass, Research Corp. of America, Ford Motor Corporation, and the Harrington Corporation.
Additionally, conferences such as Environment Virginia, COVITS, Virginia Transportation Conference, and Energy Virginia have been made possible in part through VMIRL sponsorship. Additionally, VMIRL administers the Stanley Wetmore Fund which provides monetary support for cadet research. VMIRL also sponsors two awards. The Maury and Hinman awards each recognize outstanding achievement in the area of faculty and cadet research efforts at the Institute.