University Of Georgia Foundation
- Assets
- $2.0b
- Revenue
- $228.8m
- Investments
- $962.5m
- Employees
- 0
- Location
- Athens, GA
- Founding
- 08/1944
- Data as of
- 06/2023
- EIN
- 58-6033837
Organization Overview
University Of Georgia Foundation is located in Athens, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Georgia Foundation 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 06/2023, University Of Georgia Foundation generated $228.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $131.9m during the year ending 06/2023. While expenses have increased by 8.0% per year over the past 8 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.
Since 2015, University Of Georgia Foundation has awarded 34 individual grants totaling $696,985,925. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
THE UNIVERSITY OF GEORGIA FOUNDATION ("THE FOUNDATION") WAS CHARTERED IN 1937 TO ESTABLISH AND MAINTAIN ENDOWMENTS FOR THE SUPPORT OF THE ACADEMIC PROGRAMS OF THE UNIVERSITY OF GEORGIA. THE FOUNDATION MANAGES FUNDS ESTABLISHED WITH THE FOUNDATION IN ACCORDANCE WITH THE INSTRUCTIONS OF THE DONOR AND PROVIDES FINANCIAL SUPPORT UPON REQUEST TO THE UNIVERSITY OF GEORGIA FOR SCHOLARSHIPS, FACULTY SALARY SUPPLEMENT, AWARDS AND LECTURESHIPS AND OPERATING PROGRAMS INVOLVING FUNDRAISING AND CONSTITUENT RELATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Ausband Executive Vice-Chair | OfficerTrustee | 6 | $0 |
Eleanor Banister Trustee | Trustee | 1 | $0 |
Michael Boudens Trustee | Trustee | 3 | $0 |
Christopher Brown Trustee | Trustee | 2 | $0 |
Leah Brown Trustee | Trustee | 1 | $0 |
Mark Chandler Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vernon Sales Promotions Promotional Items | 6/29/23 | $312,992 |
Prime Buchholz Llc Investing Services | 6/29/23 | $504,631 |
Trumps Catering Catering | 6/29/23 | $331,839 |
Blackbaud Inc Crm Service | 6/29/23 | $292,166 |
Kpmg Llp Audit Services | 6/29/23 | $307,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,380,347 |
| Related organizations | $4,646,965 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $136,521,883 |
| Noncash contributions included in lines 1a–1f | $15,183,475 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $142,549,195 |
| Total Program Service Revenue | $1,820,571 |
| Investment income | $28,220,909 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $9,386,743 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $44,582,650 |
| Net Income from Fundraising Events | $726 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $228,825,979 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $113,794,865 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $244,292 |
| Fees for services: Accounting | $250,689 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $775,797 |
| Fees for services: Other | $743,013 |
| Advertising and promotion | $538,694 |
| Office expenses | $186,860 |
| Information technology | $271,603 |
| Royalties | $0 |
| Occupancy | $1,684,575 |
| Travel | $136,589 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,103,554 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $631,138 |
| Insurance | $133,497 |
| All other expenses | $66,804 |
| Total functional expenses | $131,852,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,561,603 |
| Savings and temporary cash investments | $231,827,369 |
| Pledges and grants receivable | $105,894,400 |
| Accounts receivable, net | $5,004,743 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $970,691 |
| Net Land, buildings, and equipment | $24,296,326 |
| Investments—publicly traded securities | $610,427,646 |
| Investments—other securities | $962,489,430 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,612,985 |
| Total assets | $1,974,085,193 |
| Accounts payable and accrued expenses | $9,278,338 |
| Grants payable | $0 |
| Deferred revenue | $101,833 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,817,379 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $72,829,167 |
| Total liabilities | $95,026,717 |
| Net assets without donor restrictions | $221,485,336 |
| Net assets with donor restrictions | $1,657,573,140 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,974,085,193 |
Grants Awarded
Over the last fiscal year, University Of Georgia Foundation has awarded $113,794,115 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE UNIVERSITY OF GEORGIA PURPOSE: SCHOLARSHIPS AND OTHER SUPPORT | $74,317,496 |
NATIONAL MERIT SCHOLARSHIP PURPOSE: SCHOLARSHIPS | $83,500 |
CHESS & COMMUNITY CONFERENCE PURPOSE: PUBLIC SERVICE AND OUTREACH | $11,650 |
UGA ATHLETIC ASSOCIATION PURPOSE: SCHOLARSHIPS AND CONSTRUCTION PROJECTS | $39,381,469 |