Associate General Counsel

Virginia Tech Foundation, Inc. - Blacksburg, VA (30+ days ago)4.4


The Virginia Tech Foundation, Inc. was established in 1948 to receive, manage, and disburse private gifts in support of Virginia Tech. The Foundation manages $1.7 billion of assets on behalf of Virginia Tech. Virginia Tech was founded in 1872 and offers 275 programs to over 33,000 undergraduate and graduate students. Virginia Tech is a public land-grant university, committed to teaching and learning, research, and outreach to the Commonwealth of Virginia, the nation, and the world. Building on its motto of Ut Prosim (that I may serve), Virginia Tech is dedicated to InclusiveVT—serving in the spirit of community, diversity, and excellence.

Chief Objective of Position:

To assist the Associate Vice President of Administration and General Counsel of the Virginia Tech Foundation with legal matters related to acquisition, management and distribution of mature gifts and bequests (i.e. wills, trusts, and estate administration), undertake corporate and fiduciary compliance and other legal matters for the Virginia Tech Foundation.

Responsibilities:

Responsible for monitoring and compliance of complex mature bequests i.e. trust and estate gifts, in which Virginia Tech or the Virginia Tech Foundation is beneficiary to ensure that the donor’s intent is carried out according to the governing laws of the state having jurisdiction. Ensure compliance with Foundation, state and federal laws.

Ensures assets are correctly titled and appraised.

Manages outside counsel in cases involving trusts and estate litigation and suggests litigation strategies as necessary.

Maintains familiarity with probate and trust proceedings and court documents or accountings of personal representatives and trustees.

Serves as liaison with staff of Virginia Tech Gift Planning and the Colleges regarding the trust and estate issues to determine which matters warrant further review and due diligence so that VTF meets its fiduciary duty.

Communicates effectively with attorneys of donors, personal representatives and trustee and determine if administrative fees are “reasonable” and the gift is correctly transferred.

Prepares all documentation to receive estate distributions or beneficiary designations, including receipts, releases, refunding agreements from financial institutions, trustees, and personal representatives.

Assists Virginia Tech Gift Planning in structuring gifts and working with donor’s estate planning attorney and CPA with an awareness of public relations concerns.

Coordinates the evaluation of complex non-cash assets offered as gifts, working with Virginia Tech Gift Planning to identify and research issues, involving other Foundation or University personnel as appropriate. Such assets may include life insurance, real estate, privately-held business interests, artwork, and outside administered charitable trusts.

Assists in the preparation of agreements for charitable gift annuities and charitable remainder trusts administered through the Virginia Tech Foundation.

Monitors VTF’s portfolio of donated life insurance policies, advising VTF and Virginia Tech Gift Planning staff of opportunities to maximize policy value and situations in which further donor involvement or contributions is required.

Assists in conducting legal research and the preparation of legal documents. Provides legal advice on many topics such as trust and estate planning, contract drafting and negotiation, employment issues, non-disclosure agreements and administration policy.

Writes memorandum to AVP & General Counsel with recommendations on various legal issues. Reviews and prepares discovery materials, pleadings for litigation and appears at court hearings and settlement conferences on behalf of the Virginia Tech Foundation.

Provides oversight of active special projects, under the supervision of AVP & General Counsel, to coordinate and liaison with various parties contracting with Virginia Tech Foundation. Keeps special project files organized and current.

Conduct outreach and educational component about estate and trusts to the appropriate University and Foundation departments and personnel.

Review various contracts and manage general corporate matters.

Supervise the work of law clerks and legal interns.

Qualifications:

  • Qualified and admitted to the practice law as an attorney in Virginia or any State of the United States and able to apply as Corporate Counsel Limited Admission in the Commonwealth of Virginia.
  • 5 years minimum experience working as an attorney. Preference for experience in the areas of wills, trusts, and estate administration, transactional and civil law and motion and related litigation.
  • Excellent problem solving skills and ability to conduct legal research, analyze issues, evaluate opinions, make recommendations and implement solutions.
  • Manage outside legal and other professional counsel through a cost-effective and time-sensitive system.
  • Understanding of the role of a non-profit entity in an academic environment.
  • Ability to handle complex and highly sensitive information and maintain confidentiality.
  • Ability to exercise sound judgment and work independently, as well as part of a team
  • Ability to communicate clearly and concisely in person and in writing
  • Must be highly organized and able to work at a high level of detail.
  • Knowledge of court and administrative procedures, including court accountings and probate proceedings.
  • Develop and maintain close relations with other legal professionals, internal clients and donors.

Juris Doctorate degree from an accredited law school. Licensed by the Virginia State Bar to practice law in the Commonwealth of Virginia or the ability to apply to the Virginia State Bar for a certificate as a Virginia Corporate Counsel to practice law in the Commonwealth of Virginia as in-house counsel.

For more information, please visit www.vtf.vt.edu. To apply, please send resume, cover letter, and three references via email to the Virginia Tech Foundation, Inc. Attn: HR Manager.

Job Type: Full-time