Georgia State University Foundation Inc

Organization Overview

Georgia State University Foundation Inc is located in Atlanta, GA. The organization was established in 1961. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia State University 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 06/2022, Georgia State University Foundation Inc generated $89.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $33.9m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Georgia State University Foundation Inc has awarded 35 individual grants totaling $179,871,114. 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT THE MISSION AND BEST INTERESTS OF GEORGIA STATE UNIVERSITY

Describe the Organization's Program Activity:

PROGRAM SUPPORT: THE GSU FOUNDATION PROVIDED THE UNIVERSITY SUPPORT FOR EDUCATION, FACILITIES, ACTIVITIES AND PROGRAMS OF THE UNIVERSITY. PRIVATE GIFT SUPPORT HELPS PROVIDE SPACE, ENVIRONMENT AND TECHNOLOGIES THAT PROMOTE THE HIGHEST LEVEL OF TEACHING, LEARNING AND RESEARCH.


STUDENT SUPPORT: THE GSU FOUNDATION PROVIDED THE UNIVERSITY SUPPORT FOR STUDENTS. STUDENTS RECEIVED BOTH MERIT AND NEED BASED SCHOLARSHIP SUPPORT ACROSS ALL PROGRAMS AND UNITS OF THE UNIVERSITY. PRIVATE GIFT SUPPORT IS CRITICAL TO REACHING OUR GOAL OF HAVING ALL WILLING STUDENTS ABLE TO EXPLORE THEIR EDUCATIONAL OPPORTUNITIES, EXPERIENCE COLLEGE LIFE, AND EFFICIENTLY MANAGE TUITION COSTS AND DEBT LOADS.


FACULTY AND STAFF SUPPORT: UNIVERSITY FACULTY AND STAFF RECEIVED ADDITIONAL SUPPORT ALLOWING FOR INCREASED RESEARCH OPPORTUNITIES AND IMPROVED CLASSROOM EXPERIENCES FOR ALL STUDENTS. PRIVATE GIFT SUPPORT HELPS MEET THE UNIVERSITY'S GOAL TO ATTRACT AND RETAIN WORLD CLASS FACULTY TO TEACH OUR STUDENTS AND EXPAND OUR RESEARCH.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Humphries And Company Llc
Construction
$882,909
John F Pennebaker Co Inc
Hvac Contractor
$588,069
Ruffalo Noel Levitz Inc
Fundraising Consultant
$297,016
Hibernia Enterprises Inc
Construction
$254,255
Mauldin & Jenkins Llc
Audit & Accounting Services
$143,178
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$3,592
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$41,699,341
Noncash contributions included in lines 1a–1f $4,751,128
Total Revenue from Contributions, Gifts, Grants & Similar$41,702,933
Total Program Service Revenue$18,051,010
Investment income $7,965,399
Tax Exempt Bond Proceeds $0
Royalties $1,442
Net Rental Income $0
Net Gain/Loss on Asset Sales $22,163,665
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $89,649,877

Grants Awarded

Over the last fiscal year, Georgia State University Foundation Inc has awarded $15,387,988 in support to 4 organizations.

Grant RecipientAmount

GEORGIA STATE UNIVERSITY

PURPOSE: SCHOLARSHIPS AND AWARDS

$8,247,773

GEORGIA STATE UNIVERSITY

PURPOSE: TEACHING SALARY SUPPLEMENTS

$4,731,964

GEORGIA STATE UNIVERSITY

PURPOSE: UNIVERSITY FACILITY RENOVATIONS

$1,809,343

GEORGIA STATE UNIVERSITY

PURPOSE: OPERATIONS

$598,908
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Georgia State University Foundation Inc has recieved totaling $47,166.

Awarding OrganizationAmount
Delta Dental Community Care Foundation

San Francisco, CA

PURPOSE: ORAL HEALTH EDUCATION

$36,666
Delta Dental Community Care Foundation

San Francisco, CA

PURPOSE: COMMUNITY GIVING-ALPHARETTA

$10,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$229,574,251
Earnings-$23,100,618
Net Contributions$9,302,136
Other Expense$7,299,492
Ending Balance$208,476,277

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