Georgia Southern University Foundation Inc

Organization Overview

Georgia Southern University Foundation Inc is located in Statesboro, GA. The organization was established in 1963. 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 06/2021, Georgia Southern University Foundation Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia Southern 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 06/2021, Georgia Southern University Foundation Inc generated $13.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $7.2m during the year ending 06/2021. While expenses have increased by 5.7% 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 GEORGIA SOUTHERN UNIVERSITY FOUNDATION WAS ESTABLISHED IN 1963 TO RECEIVE, MANAGE, AND ADMINISTER PRIVATE GIFTS IN SUPPORT OF THE GEORGIA SOUTHERN UNIVERSITY MISSION AND PRIORITIES. THE FOUNDATION PRIMARILY ACCOMPLISHES THIS MISSION BY PROVIDING LEADERSHIP IN OBTAINING THE RESOURCES NEEDED TO ATTAIN UNIVERSITY GOALS AND THROUGH RESPONSIBLE STEWARDSHIP OF FUNDS AND OTHER ASSETS ENTRUSTED TO IT. THE GEORGIA SOUTHERN UNIVERSITY FOUNDATION RAISES, INVESTS AND DISTRIBUTES PRIVATE DOLLARS NEEDED TO FUND THE PROGRAMS, PROJECTS, SCHOLARSHIPS, EQUIPMENT AND BUILDINGS THAT HELP GEORGIA SOUTHERN UNIVERSITY EARN AND MAINTAIN A REPUTATION FOR EXCELLENCE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE GEORGIA SOUTHERN UNIVERSITY FOUNDATION EXISTS TO ASSIST GEORGIA SOUTHERN UNIVERSITY IN FULFILLING ITS MULTIFACETED MISSION AND ITS EFFORTS TO ACHIEVE EDUCATIONAL EXCELLENCE. THE FOUNDATION PRIMARILY ACCOMPLISHES THIS MISSION BY PROVIDING LEADERSHIP IN OBTAINING THE RESOURCES NEEDED TO ATTAIN UNIVERSITY GOALS AND THROUGH RESPONSIBLE STEWARDSHIP OF FUNDS AND OTHER ASSETS ENTRUSTED TO IT. THE GEORGIA SOUTHERN UNIVERSITY FOUNDATION RAISES, INVESTS, AND DISTRIBUTES PRIVATE DOLLARS NEEDED TO FUND THE PROGRAMS, PROJECTS, SCHOLARSHIPS, EQUIPMENT, AND BUILDINGS THAT HELP GEORGIA SOUTHERN UNIVERSITY EARN AND MAINTAIN A REPUTATION FOR EXCELLENCE.


THE GEORGIA SOUTHERN UNIVERSITY FOUNDATION EXISTS TO ASSIST GEORGIA SOUTHERN UNIVERSITY IN FULFILLING ITS MULTIFACETED MISSION AND ITS EFFORTS TO ACHIEVE EDUCATIONAL EXCELLENCE. THE FOUNDATION PRIMARILY ACCOMPLISHES THIS MISSION BY PROVIDING LEADERSHIP IN OBTAINING THE RESOURCES NEEDED TO ATTAIN UNIVERSITY GOALS AND THROUGH RESPONSIBLE STEWARDSHIP OF FUNDS AND OTHER ASSETS ENTRUSTED TO IT. THE GEORGIA SOUTHERN UNIVERSITY FOUNDATION RAISES, INVESTS, AND DISTRIBUTES PRIVATE DOLLARS NEEDED TO FUND THE PROGRAMS, PROJECTS, SCHOLARSHIPS, EQUIPMENT, AND BUILDINGS THAT HELP GEORGIA SOUTHERN UNIVERSITY EARN AND MAINTAIN A REPUTATION FOR EXCELLENCE.


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Board, Officers & Key Employees

Name (title)Compensation
Mr Trip C Addison
President
$222,771
Julie Gerbsch
Executive Director Development
$166,853
Craig Brown
Chief Financial Officer
$83,051
Mr William R Hickman Jr
Immediate Past Chair
$0
Mr Michael R Sanders
Chair
$0
Mrs Dana A Potts
Treasurer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Blackbaud Inc
Software & Consulting
$237,166
Brin Hubbard Construction Llc
Nec-construction
$133,574
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$10,775,129
Noncash contributions included in lines 1a–1f $725,212
Total Revenue from Contributions, Gifts, Grants & Similar$10,775,129
Total Program Service Revenue$0
Investment income $1,547,257
Tax Exempt Bond Proceeds $0
Royalties $69,179
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,017,363
Net Income from Fundraising Events $0
Net Income from Gaming Activities $942
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $13,421,593

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Georgia Southern University Foundation Inc has recieved totaling $96,886.

Awarding OrganizationAmount
James D Orr Scholarship Foundation Uw Dtd 081410

Statesboro, GA

PURPOSE: EDUCATIONAL

$96,886
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$67,120,492
Earnings$20,458,581
Admin Expense$595,990
Net Contributions$4,064,405
Other Expense$526,521
Grants$1,070,596
Ending Balance$89,450,371

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