The Georgia Health Sciences Foundation Inc

Organization Overview

The Georgia Health Sciences Foundation Inc is located in Augusta, GA. The organization was established in 2008. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia Health Sciences Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Georgia Health Sciences Foundation Inc generated $7.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $4.9m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Georgia Health Sciences Foundation Inc has awarded 12 individual grants totaling $35,501,701. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE GEORGIA HEALTH SCIENCES FOUNDATION, INC. (THE "FOUNDATION") WAS ESTABLISHED TO CONTRIBUTE TO THE LONG-TERM ENHANCEMENT OF AUGUSTA UNIVERSITY, PROVIDING VOLUNTEER LEADERSHIP AND ASSISTANCE TO THE UNIVERSITY IN ITS DEVELOPMENT AND FUNDRAISING ACTIVITIES. IN ADDITION, THE FOUNDATION PROVIDES BROAD ADVICE, CONSULTATION, AND SUPPORT TO THE PRESIDENT OF THE UNIVERSITY.

Describe the Organization's Program Activity:

THE FOUNDATION WAS FOUNDED TO BE A PARTNER DESIGNATED TO MANAGE PHILANTHROPIC GIFTS TO AUGUSTA UNIVERSITY (AU) & AU MEDICAL CENTER INC. NOW, MORE THAN EVER IN AU'S HISTORY, WE MUST BE ABLE TO RELY FULLY ON OUR COOPERATIVE PARTNERS TO SUPPORT GHSF'S VISION OF BECOMING ONE OF THE NATION'S PREMIER ACADEMIC HEALTH CENTERS. WE ARE GROWING THE CLASS SIZE IN OUR DENTISTRY SCHOOL, ADDING NEW DISTANCE LEARNING SITES TO EXPAND THE REACH OF OUR SCHOOLS OF ALLIED HEALTH SCIENCES AND NURSING, AND OPERATIONALIZING AN AGGRESSIVE STATEWIDE EXPANSION OF OUR MEDICAL EDUCATION PROGRAM TO MEET GEORGIA'S CRITICAL PHYSICIAN SHORTAGE. TO ACCOMMODATE THESE AMBITIOUS INITIATIVES, WE HAVE PARTNERED WITH LOCAL GOVERNMENTS TO INCREASE OUR CAMPUS FOOTPRINT IN AUGUSTA, FORMED EDUCATIONAL AND CLINICAL PARTNERSHIPS IN ATHENS, SAVANNAH, AND ALBANY, AND HAVE BEGUN SEEKING NUMEROUS FINANCIAL PARTNERS TO HELP US BUILD NEW FACILITIES. GROWTH OF THIS SCOPE REQUIRES STRONG PARTNERSHIP WITH OUR COOPERATIVE ORGANIZATIONS.


GRANTS WERE PROVIDED TO AUGUSTA UNIVERSITY FOR SCHOLARSHIPS.


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Board, Officers & Key Employees

Name (title)Compensation
Ms Susan Nicholson
Vice Chair
$0
Ms Karen Hughes
Treasurer
$0
Mr Bruce Ashendorf
Secretary
$0
Mr Robert C Osborne
Immediate Past Chair
$0
Ms Debbie Layman
Chair
$0
Mr Stephen Wertz
CFO
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$1,251,083
Government grants $345,857
All other contributions, gifts, grants, and similar amounts not included above$4,559,941
Noncash contributions included in lines 1a–1f $193,350
Total Revenue from Contributions, Gifts, Grants & Similar$6,156,881
Total Program Service Revenue$49,736
Investment income $291,144
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $12,300
Net Gain/Loss on Asset Sales $937,042
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,447,103

Grants Awarded

Over the last fiscal year, The Georgia Health Sciences Foundation Inc has awarded $3,588,627 in support to 2 organizations.

Grant RecipientAmount

AUGUSTA UNIVERSITY

Org PageRecipient Profile

Augusta, GA

PURPOSE: FUNDS ARE PAID TO AUGUSTA UNIVERSITY TO SUPPORT DONOR RESTRICTED PROGRAMS

$2,362,156

AUGUSTA UNIVERSITY

Org PageRecipient Profile

Augusta, GA

PURPOSE: FUNDS ARE PAID TO AUGUSTA UNIVERSITY FOR SCHOLARSHIPS

$1,226,471
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that The Georgia Health Sciences Foundation Inc has recieved totaling $40,000.

Awarding OrganizationAmount
Beard-Payne Family Foundation Inc

Atlanta, GA

PURPOSE: EDUCATION/RESEARCH

$40,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,060,803
Earnings$1,144,924
Net Contributions$385,806
Other Expense$129,637
Ending Balance$5,461,896

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