Due to a decline in students during the Vietnam war as well a lack of funding, SMA was sold to an alumnus by the name of Layne Leoffler in 1973. However this was not enough to save the academy as it was forced to close after filing for bankruptcy in 1976. SMA property and land was then sold by auction to the nearby Mary Baldwin College (MBC). The land is still greatly used by MBC and is the home of VWIL and the SMA and VWIL Museum.
The spirit and memories of SMA survives today through VWIL. The Virginia Women's Institute for Leadership is the only all female corps of cadets in the United States. VWIL was created at Mary Baldwin College by Dr. Brenda Bryant to serve a need for a military institution for women. Each VWIL cadet learns the history of SMA and commemorates it by maintaining the museum, upholding its traditions, hosting alumni events, and much more.
The museum is currently operated by SMA alumni and VWIL cadets. It contains SMA and VWIL memorabilia, displays of past and present uniforms, a memorial wall, and more. To learn more about the history of the Staunton Military Academy and the Virginia Women's Institute for Leadership, visit the museum or the websites linked below.