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 06/2023, Georgia Southern University Foundation Inc employed 38 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 06/2022, Georgia Southern University Foundation Inc generated $31.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.2% each year . All expenses for the organization totaled $8.0m during the year ending 06/2022. While expenses have increased by 6.5% per year over the past 7 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

2022

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.


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Board, Officers & Key Employees

Name (title)Compensation
Mr Trip C Addison
President
$229,731
Mr Michael R Sanders
Chair
$0
Mrs Dana A Potts
Treasurer
$0
Mr Richard Timothy Evans Jr
Secretary
$0
Mr William R Hickman Jr
Immediate Past Chair
$0
Dr Don Aaron Jr
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Jw Marriott Plant Riverside
Event Venue
$106,102
Alexander Haas
Fundraising Consulting
$150,041
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$127,550
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$8,187,887
Noncash contributions included in lines 1a–1f $456,725
Total Revenue from Contributions, Gifts, Grants & Similar$8,315,437
Total Program Service Revenue$0
Investment income $3,010,995
Tax Exempt Bond Proceeds $0
Royalties $79,739
Net Rental Income $0
Net Gain/Loss on Asset Sales $20,421,681
Net Income from Fundraising Events -$63,415
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $31,814,729

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