In his role as CFO of the Foundation, he will develop and maintain financial practices to support VAF’s mission and goals in support of UVA Athletics. He will report to and support the Executive Director while also working with Foundation Trustees and Athletics to ensure the Foundation’s financial health and sustainability. Rae will supervise and direct financial operations, including responsibility for all budgeting, financial management, accounting, gift oversight, and business intelligence, along with financial reporting and compliance consistent with applicable policies, procedures, rules, and regulations. He will also serve as the primary human resources contact and lead VAF’s recruiting, hiring, onboarding, and offboarding processes to minimize disruption to the VAF.
Rae most recently joined the Virginia athletics department in February of 2023 and served as an Associate Athletics Director. He oversaw the Athletics Business Office, Equipment Rooms, Human Resources, Information Technology, Medical Billing and served as the Sport Administrator for the Men’s Wrestling team. He served as one of the Athletics’ Staff Senators as well.
Rae comes to UVA, after spending over three and a half years working in the Towson University athletics department as the Associate Athletics Director for Financial Management/CFO. While at Towson, Rae oversaw the day-to-day operations of the business office and equipment room. He also managed the partnership with Van Wagner for all Sponsorship deals and Fan Summit for ticket sales and operations. Rae served as the IT liaison for Athletics with central campus, coordinated athletics’ licensing efforts with campus and managed concessions logistics with on campus food service provider at athletics’ events. He administered all financial reporting and budgeting, oversaw all procurement and travel logistics planning for all 19 men’s and women’s sports and the overall department. He facilitated NCAA audit and EADA reporting and created financial budgets for NCAA Championship bids. He assisted in scheduling for key revenue generating sports. He also managed the Under Armour apparel contract for the Athletic Department. Rae served as the sport administrator for women’s gymnastics at Towson.
Prior to his arrival at Towson, Rae worked at Under Armour’s global headquarters in Baltimore, MD, serving as an FP&A manager of the North American Ecommerce business unit producing over $500M in revenue annually. He also served in roles in the respective Athletics’ Business Offices at the University of Texas at Austin and the College of William & Mary prior to that. Before breaking into athletics administration, Rae worked in the private sector as an audit associate at Johnson Lambert LLP in Atlanta from 2011-13.
Rae brings a strong background in finance and accounting with him, including the completion of his MBA from Loyola University Maryland in May 2019. Rae earned his master’s degree in accounting at North Carolina State University in May 2011 after earning
a Bachelor of Arts degree in accounting from Furman University in 2010 (where he was a four-year member on the Furman Football team as a former student athlete).
Rae is a member of the College Athletic Business Management Association (CABMA) and the National Association of Collegiate Directors of Athletics (NACDA). He was elected as 3rd Vice President of CABMA in the Summer of 2024 and currently serves as 2nd Vice President of CABMA. He is also a proud graduate of the Sports Management Institute in January of 2023 which is a program is tailored to meet the needs of athletic administrators in mid-to top-level management positions who are — or aspire to be — athletic directors, executive directors or general managers in collegiate, amateur or professional sports.
Rae and his wife, Amanda, reside in Charlottesville and have one daughter, Mila, and one son, Kirby.