College Of Coastal Georgia Foundation Inc

Organization Overview

College Of Coastal Georgia Foundation Inc is located in Brunswick, GA. The organization was established in 1968. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, 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. College Of Coastal Georgia 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 12/2021, College Of Coastal Georgia Foundation Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, College Of Coastal Georgia Foundation Inc has awarded 40 individual grants totaling $4,796,657. 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE COLLEGE OF COASTAL GEORGIA FOUNDATION DEVELOPS RESOURCES TO SUPPORT THE COLLEGE IN PROVIDING QUALITY EDUCATION. THE FOUNDATION ALSO SERVES AS AN ADVOCATE WITHIN THE COASTAL GEORGIA COMMUNITY TO FURTHER THE GOALS OF THE COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ACADEMIC SCHOLARSHIP: MERIT SCHOLARSHIPS AND TARGETED ACADEMIC INCENTIVES ARE IMPORTANT TOOLS IN RECRUITMENT AND RETENTION OF TOP NOTCH STUDENTS. THE FOUNDATION IS COMMITTEED TO CONTINUING AWARDS OF FULL OR PARTIAL SCHOLARSHIPS AT MEANINGFUL FUNDING LEVELS TO FIVE PERCENT OF MORE OF TOTAL ENROLLMENT. TO ATTRACT AND RETAIN OUTSTANDING STUDENTS, THE FOUNDATION WILL CONTINUE TO CONSIDER INNOVATIVE SCHOLARSHIP AND SUPPORT PROGRAMS SUCH AS THE W. KANTOR INTERNATIONAL SCHOLARS, THE BRENDA AND MAC NEASE FOUNDATION SCHOLARSHIPS, AND THE LURAY S AND NEWELL WARD SCHOLARSHIPS. THE MAJORITY OF THE FOUNDATION'S FIFTY-EIGHT ENDOWMENT FUNDS SUPPORT SCHOLARSHIPS. IN THE 2020-2021 ACADEMIC YEAR THE FOUNDATION MADE 847 SCHOLARSHIP AWARDS TO APPROXIMATELY 784 STUDENTS.


CAMPUS PROGRAMMING/STUDENT LIFE INCLUDING ATHLETICS AND GENERAL OPERATIONS: THE COLLEGE EXPERIENCE IS HEIGHTENED THROUGH QUALITY EXTRA-AND CO-CURRICULAR ACTIVITIES. THE FOUNDATION SUSTAINS ARTS AND CULTURAL EXPERIENCES, LECTURE SERIES, SOCIAL GATHERINGS, AND CAREER DEVELOPMENT OPPORTUNITIES THAT SERVE TO EXPAND THE HORIZONS OF STUDENTS, FACULTY AND STAFF, AND TO PROVIDE ENRICHMENT FOR THE COMMUNITY AT LARGE. CAMPUS PROGRAMMING / STUDENT LIFE FUNDS INCLUDE: THE COASTAL GEORGIA MINORITY OUTREACH PROGRAM, LET'S TALK COASTAL, THE THEATRE FUND, VETERAN FUNDS, A CAMPUS PANTRY AND A STUDENT PUBLICATION FUND (SEASWELL'S). ATHLETIC FUNDS INCLUDE SUPPORT FOR THE ATHLETIC DEPARTMENT, ATHLETIC SCHOLARSHIPS AND SUPPORT FOR THE EIGHT INTER-SCHOLASTIC COLLEGE SPORTS TEAMS. WHILE CULTIVATING SIGNIFICANT NAMED GIVING, THE FOUNDATION'S GOAL IS AT LEAST 20% OF THE ANNUAL BUDGET FOR CAMPUS PROGRAMMING/STUDENT LIFE AND ATHLETIC PROGRAMMING. THE FOUNDATION ALSO SUPPORTS GENERAL OPERATIONS EXPENSES WHICH SHOULD BE UNDER 10% OF THE ANNUAL BUDGET.


ACADEMIC PROGRAMMING: QUALITY FACULTY ARE THE CORNERSTONE OF HIGHER EDUCATION. THE COLLEGE'S ABILITY TO RECRUIT AND RETAIN OUTSTANDING ACADEMIC TALENT ENSURES ITS STATUS IN AND CONTRIBUTIONS TO HIGHER EDUCATION. WITH SHRINKING PUBLIC FUNDS AND INCREASING PERFORMANCE DEMANDS, THE FOUNDATION SECURES FUNDING TO SUPPORT FACULTY LEARNING, RESEARCH, SCHOLARSHIP AND INNOVATION. CURRENTLY THERE ARE THIRTY-TWO DIVERSE FUNDS MAINTAINED FOR THESE PURPOSES. THESE FUNDS SUPPORT ALL EDUCATIONAL PROGRAMS AT THE COLLEGE AND MOST NOTABLY IN 2021, NURSING EDUCATION, NURSING CLINICAL ASSISTANTS, STEM, CYBER-SECURITY, AND SERVICE LEARNING. THE FOUNDATION SEEKS TO ESTABLISH NEW SOURCES OF FACULTY SUPPORT ANNUALLY AND WORKS TO COMMIT SUPPORT TO REACH A RANGE OF 10% TO 20% OF THE ANNUAL BUDGET OF THE FOUNDATION.


OTHER PROGRAM SERVICES: HOUSING/CAPITAL EXPANSION: STUDENT HOUSING AND ADDITIONAL INSTRUCTIONAL FACILITIES REMAIN CRITICAL FOR THE COLLEGE'S EXPANSION AND GROWTH. THE FOUNDATION LOOKS TO SUPPORT NEW AND IMPROVED FACILITIES AND THE FUTURE PHASES OF STUDENT HOUSING. CURRENTLY THE FOUNDATION OWNS AND OPERATES COASTAL PLACE APARTMENTS, WHICH IS A 132 STUDENT OFF-CAMPUS HOUSING UNIT IN CONJUCTION WITH THE COLLEGE'S RESIDENTIAL HOUSING PROGRAM. THERE ARE VARIOUS NAMING OPPORTUNITIES THROUGH CAPITAL DONATIONS FOR NEW AND EXISTING CAMPUS BUILDINGS AND INFRASTRUCTURE (E.G., WALKWAYS, WATER FEATURES, LABORATORIES, STUDENT MEETING AREAS) THAT CAN BE TARGETED FOR FUTURE SOLICITATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
William Stembler
Chair
$0
Hillary Stringfellow
Vice Chair
$0
Daren Pietsch
Treasurer
$0
Susan Imhoff
Secretary
$0
Greer Brown
Past Chair
$0
Mr Jamie Bessette
Ex-Officio Trustee
$0

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$2,810,218
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,810,218
Total Program Service Revenue$40,000
Investment income $372,192
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $176,066
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,398,476

Grants Awarded

Over the last fiscal year, College Of Coastal Georgia Foundation Inc has awarded $588,997 in support to 5 organizations.

Grant RecipientAmount

THE COLLEGE OF COASTAL GEORGIA

PURPOSE: Academic Programming

$229,041

THE COLLEGE OF COASTAL GEORGIA

PURPOSE: Athletic Programming/ Facilities

$180,925

THE COLLEGE OF COASTAL GEORGIA

PURPOSE: Housing / Capital Expansion

$89,098

THE COLLEGE OF COASTAL GEORGIA

PURPOSE: College Operations

$56,191

THE COLLEGE OF COASTAL GEORGIA

PURPOSE: Campus Programming / Student Life

$33,742
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 8 grants that College Of Coastal Georgia Foundation Inc has recieved totaling $616,532.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$252,000
Arthur And Lindee Lucas Family Foundation Inc

St Simons Island, GA

PURPOSE: GENERAL OPERATING FUNDS

$220,000
Communities Of Coastal Georgia Foundation Inc

St Simons Island, GA

PURPOSE: GENERAL SUPPORT

$114,500
Georgia Power Foundation Inc In Receivership

Atlanta, GA

PURPOSE: 2021 EDUCATIONAL MATCHING GIFTS-FOUNDATION MATCH

$11,000
Georgia Power Foundation Inc In Receivership

Atlanta, GA

PURPOSE: CYBER DEFENSE LAB

$10,000
Organization Name not Listed

PURPOSE: FOR OPERATIONAL ACTIVITIES

|

$8,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$10,527,529
Earnings$594,767
Net Contributions$326,096
Grants$371,639
Ending Balance$11,076,753

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