Advertisement

Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us
  • Events

LinkedIn Facebook Twitter Instagram Get Our App

  • Login

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Order a copy
    • Buy an award plaque
    • Suggest execs for 2022

Advertisement

Header Primary Menu

  • Issues
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • Issues Archive
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Order a copy
    • Buy an award plaque
    • Suggest execs for 2022

Home News Reports Generous Virginians Project Historic gifts

Historic gifts

Donations set new records at Virginia Tech and U.Va.

Published May 31, 2019 by Robert Powell, III

Heywood Fralin is greeted by Gov. Ralph Northam as he announces the
$50 million gift. Courtesy Virginia Tech

Two massive gifts promise to move the needle on research and workforce development in Virginia.

In December, the Horace G. Charitable Trust and Heywood and Cynthia Fralin jointly donated $50 million to what is now the Fralin Biomedical Research Institute at Virginia Tech Carilion in Roanoke. The donation is twice the size of the next-largest gift ever received by Tech.

The very next month, the University of Virginia announced a $120 million gift, the largest private donation in the university’s history. The gift came from the Quantitative Foundation operated by a Charlottesville couple, Jaffray and Merrill Woodriff, both U.Va. alums.

The Fralin gift will be used to hire and retain teams of physician-scientists and researchers at the expanding biomedical research institute.

The Woodriff gift meanwhile will be used to create the U.Va. School of Data Science. The school is expected to help the commonwealth meet rapidly growing demand for data scientists in a variety of industries.

The following pages explore the impact these gifts are expected to have while also offering a look at other major donations made by Virginians last year.

Creating a talent pipeline
$120 million gift will be used to create data-science school.
by Veronica Garabelli

The multiplier effect
$50 million gift expected to accelerate biomedical research in Roanoke.
by Heather B. Hayes

Generous Virginians charts:

  • Total corporate donations
  • Donations by individuals and family foundations
  • Donations by companies and corporate foundations
  • Donations by independent foundations and groups

Related Stories

Focused on a cause

Donors, foundations seek to advance issues of high importance

Leaving a legacy

Notable gifts are aimed at long-term goals

The power of the arts

Philanthropic support can have transformational effects

Trending

William & Mary names new business school dean

Carsales.com to fully acquire Trader Interactive

UNOS CEO announces departure

Sponsored Stories

What can Supply Chain Consultants do for me?

The Lowdown on Downloads for Your Online Experience

5 Benefits of Treasury Management Services from Atlantic Union Bank

Creating An Urban Destination in Chesapeake

Advertisement

Advertisement

Trending

William & Mary names new business school dean

Carsales.com to fully acquire Trader Interactive

UNOS CEO announces departure

Sponsored Stories

What can Supply Chain Consultants do for me?

The Lowdown on Downloads for Your Online Experience

5 Benefits of Treasury Management Services from Atlantic Union Bank

Creating An Urban Destination in Chesapeake

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

Sign Up

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2022 Virginia Business. All rights reserved.

Site Maintained by TechArk