I did some Googling and compiled a few resources where you can donate money and send condolences to the Virginia Tech community. If you know of any other funds or venues, please alert me with a comment and I can update this entry. Thank you.

Virginia Tech has established a Hokie Spirit Memorial Fund.

You can also offer condolences, thoughts, and prayers to the victims here.

View the homepage of Virginia Tech for more information about campus events and organizing.

I pass this along hesitantly because I don't know whether or not it's been authorized or whatever precautions you're supposed to take. I spotted it on the Information on Virginia Tech Shooting Facebook page.

With recent events happening today at Virginia Tech I found my heart saddened thinking about all the families who hearts were forever wounded. As I sat in class and learned of the tragic event I looked around the room and imagined what it would have felt like if it would have been my class. Yet, even then I could not imagine how devastated this campus must be. As I spoke with friends about this ordeal we decided we wanted to anything we could to let the victims’ families know that the schools across the country sympathize with their losses. In efforts to do whatever we could we have tried calling anyone we know at colleges and universities across the nation.
We urge you to ask your classmates if then can donate just two dollars. If you don’t attend a school ask your colleagues at work to give what they can. The goal is to raise enough money to cover all the funeral costs. Our hopes are that we can bring many people together to show the families that we care and are thinking of them in this time of loss, hence we created the Thinking of You Fund. Please donate whatever you can. The plan is to send all the funds to the school by Friday so they can disperse the monies to the families to help cover costs. In order to make this possible we need everyone who wishes to donate to send the funds to us by Thursday. If you do not feel comfortable sending cash please make checks payable to Virginia Tech and the funds will be given to the school on the condition they are distributed to the victims’ families. Anything given is greatly appreciated.

Please send all funds to:
The Thinking of You Fund
c/o Bridgette Harwood and Angie Sellars
118 Victoria Square
Frederick, MD 21702

There's also candlelight vigils going on today in the area...

***CANDLELIGHT SERVICE***

TWO CANDLELIGHT VIGILS IN THE NATIONAL CAPITAL REGION, WEDNESDAY, APRIL 18

Virginia Tech in the National Capital Region will hold a public Candlelight Vigil on Wednesday, April 18, 7:30 p.m., at the Old Town Market Square, City Hall, 300 King Street, Alexandria, Va, to honor victims of the tragic events of April 16 on the university’s main campus in Blacksburg.

At 8 p.m. the same evening, The National Capital Region Chapter of the Virginia Tech Alumni Association will hold a Candlelight Vigil at St. Francis Episcopal Church, 9220 Georgetown Pike, Great Falls, Va. This non-denominational event is an opportunity for Hokies to join together and show their support to the family and friends of the victims.

The Red Cross is on hand, helping the Virginia Tech community.

From a Las Vegas Sun article:

Student organizations intend to raise money to help injured students and families of students that were killed. Donations can be made to the "Virginia Tech Victims Fund" (account number 5076063329) at any Wells Fargo Bank location.

Rebecca Bevans, president of UNR's Graduate Student Association, said student organizers will work directly with contacts at Virginia Tech to determine areas of financial need and ensure donations are made to individuals directly impacted by the incident.

"What happened (Monday) was a horrific event, the effects of which will be felt for years to come," Bevans said. "We are extremely saddened by the devastation that has been caused and wish to extend our hearts and sympathies to all of those affected."

Via Malik at The Struggle Within:

Ryan Clark, one of the victims of Monday’s shootings, is a native of the Augusta, GA area, where I currently live. This morning, I received an e-mail from a co-worker informing me that the elementary school where Ryan Clark’s mother works is collecting donations to assist her with traveling to Virginia and making arrangements for her son’s body. If you would like to make a contribution, you can send your donation to the following address:

Ryan Clark Memorial Fund
c/o Georgia Bank and Trust
409 Fury’s Ferry Road
Martinez, GA 30907

Via Amad:

We started a tribute/memorial post for Waleed Shaalan, a victim of the VA Tech shooting. He is survived by his wife and son. This entry is dedicated to him and his family .

Post Link

Digg Location

Thanks.

To make donations to help Mr. Shaalan's family through the MSA National Memorial fund, please click here.

Via Marc:

The following page is my tribute to a man I never knew but whose story has touch me forever.
Remembering Ryan [Clark]. http://vevima.com/ryan

A scholarship to Camp Big Heart, an summer camp for children and adults with special needs, has been established in Ryan Clark's memory. (Information about Clark's relationship to the camp is on the memorial page by Marc.) Clark worked as a counselor and music director with the organization every summer. To contribute to the scholarship, please send funds and inquiries to the following:

Ryan Clark Scholarship
c/o Camp Big Heart
2169 Dogwood Circle
Snellville, GA 30078.
678-294-1916
campbigheart@bellsouth.net