In his fourth year with the Rams, it is evident that VCU Deputy Director of Athletics Jon Palumbo is dedicated to sustaining and improving upon the high level of success that VCU Athletics has achieved in recent years.
In his first three years at VCU, Palumbo has played a critical role in the development and implementation of “VCU Rising: The Black & Gold Standard”, a five-year strategic plan for the department’s future.
He also instituted a zero-based budgeting system that resulted in a balanced budget at VCU for each of the last three fiscal years, a feat that hadn’t happened in nearly seven years.
Palumbo works closely with Director of Athletics Ed McLaughlin and campus administration on long-term budget and capital projects planning. He coordinated the financing plan and supervised construction of the $25 million VCU Basketball Development Center which opened last October.
In addition to fiscal management and facilities operations, Palumbo oversees the sports medicine, sports performance, game operations and compliance units. He also serves as the sport administrator for VCU track and field and cross country programs and serves as the day to day liaison with the men’s and women’s basketball staff as well as university legal counsel.
Palumbo has worked closely with McLaughlin on head coaching searches for several head coaches since his arrival at VCU in October of 2012. He was actively involved in vetting candidates for the volleyball, women’s soccer, baseball, women’s basketball and men’s basketball head coaching positions and played a lead role in contract negotiations with each successful candidate.
Palumbo has contributed to the department’s revenue generation efforts as well. He played a lead role in the negotiation of a 10-year contract with Learfield Sports finalized in June 2015 which will guarantee VCU at least $20 million in multimedia revenue. Additionally, Palumbo assists fundraising efforts by managing a portfolio of annual fund donors, soliciting multi-year pledges for new fundraising initiatives and assisting the Ram Athletic Fund staff in the cultivation and stewardship of annual fund and major gift donors and prospects.
Palumbo came to VCU from the University of Maryland where he served as the Associate Athletic Director of Business for almost four years. While there, he supervised the business office staff, served as the financial contact for the President’s Commission on Intercollegiate Athletics in the fall of 2012, and managed financing for several capital projects including new turf field installation, a new basketball performance center and infield turf installation for baseball. He was also the administrative supervisor for men’s lacrosse.
Prior to working at Maryland, Palumbo spent time as the Associate Athletic Director of Business Operations at American University in Washington, D.C. While there Palumbo was responsible for management of a $9 million budget for NCAA Division I athletics programs featuring 16 sports. During his stay he managed the financing for the men’s basketball European tour in 2006 and the women’s basketball trip to Australia in summer 2007.
Before that Palumbo played a similar role at The College of William And Mary in 2005-06. He assisted in year-end budget forecasting and projections, preparation of new fiscal year’s budgeting, and year-end audit reporting.
Palumbo received his Master’s of Business Administration in 2003 from La Salle University. While working on his graduate degree he held a position as a Graduate Assistant in the Athletic Business Office. He earned his Bachelor’s in Communications from La Salle in 2001; and graduated Magna Cum Laude. During his time at the school he played on the varsity baseball team for four years, and was the captain of the squad in 2001.
Palumbo resides in Richmond.