Medical College Of Georgia Foundation Inc

Organization Overview

Medical College Of Georgia Foundation Inc is located in Augusta, GA. The organization was established in 1959. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Medical College Of Georgia Foundation Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical College Of Georgia 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, Medical College Of Georgia Foundation Inc generated $12.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $10.5m during the year ending 06/2021. While expenses have increased by 6.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MEDICAL COLLEGE OF GEORGIA FOUNDATION'S MOST SIGNIFICANT ACTIVITIES INVOLVE RECEIPTING, INVESTING AND DISTRIBUTING FUNDS FOR THE BENEFIT OF MEDICAL COLLEGE OF GEORGIA AND THE HEALTH SCIENCES AT AUGUSTA UNIVERSITY AND ITS RELATED TEACHING HOSPITAL. THE FOUNDATION WORKS WITH DONORS SEEKING TO MAKE CHARITABLE CONTRIBUTIONS FOR THE BENEFIT OF THE MEDICAL SCIENCES AT AUGUSTA UNIVERSITY. IT ALSO DISTRIBUTES MONIES TO THE MEDICAL SCIENCES AT AUGUSTA UNIVERSITY WHILE PROVIDING OVERSIGHT AND STEWARDSHIP OF THE CHARITABLE FUNDS ENTRUSTED TO IT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION SERVES THE NEEDS AND INTERESTS OF THE MEDICAL COLLEGE OF GEORGIA, THE AUGUSTA UNIVERSITY HEALTH SCIENCES CAMPUS AND THE AUGUSTA UNIVERSITY HEALTH SYSTEM. THE FOUNDATION RECEIVES AND ADMINISTERS FUNDS FOR THE SUPPORT AND ENHANCEMENT OF THE MEDICAL COLLEGE OF GEORGIA, THE AUGUSTA UNIVERSITY HEALTH SCIENCES CAMPUS AND THE AUGUSTA UNIVERSITY HEALTH SYSTEM, AND MANAGES INVESTMENTS AND DISTRIBUTED FUNDS IN ACCORDANCE WITH DONOR INSTRUCTIONS AND BOARD OF DIRECTOR'S INTENTIONS FOR GIFTS. THE FOUNDATION PROVIDES SUPPORT FOR FACULTY CHAIRS, RESEARCH IN THE HEALTH SCIENCES FIELDS, SCHOLARSHIPS TO QUALIFIED STUDENTS AND OTHER INSTITUTIONAL PROGRAMS.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Ian S Mercier
President/ceo
$220,915
Martyn Jones
Paceline President
$189,000
Tim Kearney
COO
$163,641
Angela Rees
CFO
$138,375
J Benjamin Deal DMD
Chairman
$0
Charles G Green Jr MD
2nd Vice Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $180,335
All other contributions, gifts, grants, and similar amounts not included above$11,215,035
Noncash contributions included in lines 1a–1f $1,377,040
Total Revenue from Contributions, Gifts, Grants & Similar$11,395,370
Total Program Service Revenue$0
Investment income $633,160
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$592,912
Net Gain/Loss on Asset Sales $1,171,820
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,607,438

Grants Recieved

Over the last fiscal year, we have identified 10 grants that Medical College Of Georgia Foundation Inc has recieved totaling $501,802.

Awarding OrganizationAmount
Georgia Community Foundation Inc

Peachtree Corners, GA

PURPOSE: CONTRIBUTION

$340,000
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$50,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$47,101
$35,000
Communities Of Coastal Georgia Foundation Inc

St Simons Island, GA

PURPOSE: GENERAL SUPPORT

$20,000
Musculoskeletal Transplant Foundation Inc

Edison, NJ

PURPOSE: RESIDENT EDUCATION

$8,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$313,526,441
Earnings-$29,611,365
Net Contributions$6,968,525
Other Expense$13,158,379
Ending Balance$277,725,222

Create an account to unlock the data you need.

or