Georgia Tech Foundation Inc

Georgia Tech Foundation Inc Overview

Georgia Tech Foundation Inc is located in Atlanta, GA. The organization was established in 1944. 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 06/2020, Georgia Tech Foundation Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2020, Georgia Tech Foundation Inc generated $131.6m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $94.4m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Georgia Tech Foundation Inc has awarded 39 individual grants totaling $531,673,265. 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 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE THE CAUSE OF HIGHER EDUCATION IN GEORGIA; TO RAISE AND RECEIVE FUNDS FOR THE SUPPORT OF GA TECH; AND TO AID GA TECH IN ITS DEVELOPMENT AS A LEADING EDUCATIONAL INSTITUTION

Describe the Organization's Program Activity:

Part 3 - Line 4a

ACADEMIC AND RESEARCH PROGRAM SUPPORT: THE FOUNDATION PROVIDES SUPPORT FOR MANY ACADEMIC PROGRAMS AND SOME RESEARCH PROGRAMS AT GEORGIA TECH. THIS FUNDING INCLUDES FACULTY SUPPORT THROUGH ENDOWED CHAIRS AND PROFESSORSHIPS, CURRICULUM DEVELOPMENT, FACULTY GRANTS, LIBRARY SUPPORT AND RENOVATION AND CONSTRUCTION OF FACILITIES.


SCHOLARSHIPS AND FELLOWSHIPS: THE FOUNDATION PROVIDES FUNDING FOR GRANTS, SCHOLARSHIPS, FELLOWSHIPS AND LOAN FUNDS FOR UNDERGRADUATE AND GRADUATE STUDENTS AT GEORGIA TECH. THE OFFICE OF FINANCIAL AID AND ACADEMIC UNITS AT GEORGIA TECH SELECT THE RECIPIENTS OF THE SCHOLARSHIPS AND FELLOWSHIPS. EXAMPLES OF TWO PROGRAMS FUNDED BY THE FOUNDATION ARE THE GEORGIA TECH PROMISE PROGRAM, WHICH IS A PROGRAM TO PROVIDE SCHOLARSHIPS FOR NEEDY STUDENTS AND THE GEORGIA TECH PRESIDENT'S SCHOLARSHIP PROGRAM, WHICH IS A SCHOLARSHIP PROGRAM FOR STUDENTS WITH EXCEPTIONAL MERIT.


ALUMNI ASSOCIATION: THE FOUNDATION PROVIDES FUNDING FOR THE GEORGIA TECH ALUMNI ASSOCIATION, WHICH PROVIDES PROGRAMS FOR GEORGIA TECH ALUMNI AND STUDENTS.


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Georgia Tech Foundation Inc Vendors

Vendor Name (Service)Compensation
Kpmg Llp
Audit And Tax
$312,625
Albourne America Llc
Investment Research
$240,000
Jcp Sculptures Llc
Artwork
$233,200
Blackbaud
Accounting
$376,124
Dawn C Wilson
Investing Consultant
$170,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$71,925,865
Noncash contributions included in lines 1a–1f $22,640,704
Total Revenue from Contributions, Gifts, Grants & Similar$71,925,865
Total Program Service Revenue$628,626
Investment income $14,818,125
Tax Exempt Bond Proceeds $0
Royalties $738,065
Net Rental Income $8,330,822
Net Gain/Loss on Asset Sales $35,199,015
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $131,640,518

Georgia Tech Foundation Inc Grants Awarded

Over the last fiscal year, Georgia Tech Foundation Inc has awarded $76,342,801 in support to 5 organizations.

Grant RecipientAmount

GEORGIA INSTITUTE OF TECHNOLOGY

Org PageRecipient Profile

Atlanta, GA

PURPOSE: SCHOLARSHIPS, FELLOWSHIPS, AWARDS & OTHER

$70,965,702

GEORGIA TECH ALUMNI ASSOCIATION

Org PageRecipient Profile

Atlanta, GA

PURPOSE: ALUMNI ASSOCIATION

$3,668,965

GEORGIA TECH ATHLETIC ASSOCIATION

Org PageRecipient Profile

Atlanta, GA

PURPOSE: SCHOLARSHIPS

$861,412

GEORGIA TECH FOUNDATION FUNDING CORPORATION

Org PageRecipient Profile

Atlanta, GA

PURPOSE: CAPITAL PROJECTS

$638,717

GEORGIA TECH FACILITIES INC

Org PageRecipient Profile

Atlanta, GA

PURPOSE: CONSTRUCTION PROJECTS/BUILDING GRANTS

$208,005
View Grant Profile

Georgia Tech Foundation Inc Grants Recieved

Over the last fiscal year, we have identified 41 grants that Georgia Tech Foundation Inc has recieved totaling $1,001,391.

Awarding OrganizationAmount
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$380,421
Pfeil Foundation Inc

Wilmington, DE

PURPOSE: KELLY SEPCIC PFEIL ENDOWMENT FUND

$200,000
The Kelin Foundation

Atlanta, GA

PURPOSE: GENERAL OPERATING FUNDS

$100,000
Raymond James Charitable Endowment Fund

St Petersburg, FL

PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT

$67,500
North Georgia Community Foundation

Gainesville, GA

PURPOSE: SOCIAL SERVICES

$37,000
Pfeil Foundation Inc

Wilmington, DE

PURPOSE: SCHOOL OF CHEMISTRY AND BIOCHEMISTRY: WOMEN IN CHEMISTRY PROGRAM, INNOVATION COURSE FUND, WOMEN'S PHD FELLOWSHIP FUND

$35,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,455,035,486
Earnings$23,892,792
Net Contributions$42,942,092
Other Expense$60,735,249
Ending Balance$1,461,135,121

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