GEORGIA TECH FOUNDATION INC: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- GEORGIA TECH FOUNDATION INC (EIN 58-6043294)
- Tax period
- 2020-07-01 to 2021-06-30
- Filed
- 2022-05-12
- IRS object ID
- 202221329349306717
- Schema version
- 2020v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-12T15:50:00-05:00 | ReturnTs |
| Tax Period End | 2021-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 135565207 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 W 5TH ST STE 800 | AddressLine1Txt |
| City | WINSTONSALEM | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27101 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 586043294 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GEORGIA TECH FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GEOR | BusinessNameControlTxt |
| Phone | 4048948345 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 760 SPRING ST NW STE 400 | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30308 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARK DELORENZO | PersonNm |
| Person Title | CFO/SECRETARY | PersonTitleTxt |
| Phone | 4048948345 | PhoneNum |
| Signature | 2022-05-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MARK | PersonFirstNm |
| Person Last | DELORENZO | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SHAWN M HUTCHINSON | PreparerPersonNm |
| PTIN | P01048557 | PTIN |
| Phone | 3362753394 | PhoneNum |
| Preparation | 2022-05-11 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MARK DELORENZO | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 760 SPRING ST NW STE 400 | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30308 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $951,020,506 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.GTF.GATECH.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1932 | FormationYr |
| Legal Domicile State | GA | LegalDomicileStateCd |
| Activity Or Mission | TO PROMOTE THE CAUSE OF HIGHER EDUCATION IN GEORGIA; TO RAISE AND RECEIVE FUNDS FOR THE SUPPORT OF GA TECH; AND TO AID GA TECH IN ITS DEVELOPMENT AS A LEADING EDUCATIONAL INSTITUTION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 54 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 53 | VotingMembersIndependentCnt |
| Total Employee | 41 | TotalEmployeeCnt |
| Total Volunteers | 150 | TotalVolunteersCnt |
| Total Gross UBI | -$2,667,066 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $71,925,865 | PYContributionsGrantsAmt |
| CY Contributions Grants | $100,715,385 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $628,626 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $613,594 | CYProgramServiceRevenueAmt |
| PY Investment Income | $50,017,140 | PYInvestmentIncomeAmt |
| CY Investment Income | $148,688,340 | CYInvestmentIncomeAmt |
| PY Other Revenue | $9,068,887 | PYOtherRevenueAmt |
| CY Other Revenue | -$3,713,205 | CYOtherRevenueAmt |
| PY Total Revenue | $131,640,518 | PYTotalRevenueAmt |
| CY Total Revenue | $246,304,114 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $76,345,301 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $79,961,213 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $5,511,394 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $7,257,550 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $3,899,631 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $12,578,361 | PYOtherExpensesAmt |
| CY Other Expenses | $12,504,679 | CYOtherExpensesAmt |
| PY Total Expenses | $94,435,056 | PYTotalExpensesAmt |
| CY Total Expenses | $99,723,442 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $37,205,462 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $146,580,672 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,320,842,471 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,057,656,645 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $519,607,046 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $570,803,566 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,801,235,425 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $2,486,853,079 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | IT IS THE MISSION OF THE GEORGIA TECH FOUNDATION, INC., TO:1. PROMOTE THE CAUSE OF HIGHER EDUCATION IN THE STATE OF GEORGIA;2. RECEIVE AND MANAGE FINANCIAL DONATIONS RECEIVED BY THE FOUNDATION FOR SUPPORT AND ENHANCEMENT OF THE GEORGIA INSTITUTE OF TECHNOLOGY;3. ASSIST THE GEORGIA INSTITUTE OF TECHNOLOGY IN ITS ROLE AS A LEADING EDUCATIONAL AND RESEARCH INSTITUTION. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $33,912,782 | ExpenseAmt |
| Grant | $33,912,782 | GrantAmt |
| Revenue | $613,594 | RevenueAmt |
| Desc | ACADEMIC AND RESEARCH PROGRAM SUPPORT: THE FOUNDATION PROVIDES SUPPORT FOR MANY ACADEMIC PROGRAMS AND SOME RESEARCH PROGRAMS AT GEORGIA TECH. THIS FUNDING INCLUDES FACULTY SUPPORT THROUGH ENDOWED CHAIRS AND PROFESSORSHIPS, CURRICULUM DEVELOPMENT, FACULTY GRANTS, LIBRARY SUPPORT AND RENOVATION AND CONSTRUCTION OF FACILITIES. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $34,072,963 | ExpenseAmt |
| Grant | $34,072,963 | GrantAmt |
| Desc | SCHOLARSHIPS AND FELLOWSHIPS: THE FOUNDATION PROVIDES FUNDING FOR GRANTS, SCHOLARSHIPS, FELLOWSHIPS AND LOAN FUNDS FOR UNDERGRADUATE AND GRADUATE STUDENTS AT GEORGIA TECH. THE OFFICE OF FINANCIAL AID AND ACADEMIC UNITS AT GEORGIA TECH SELECT THE RECIPIENTS OF THE SCHOLARSHIPS AND FELLOWSHIPS. EXAMPLES OF TWO PROGRAMS FUNDED BY THE FOUNDATION ARE THE GEORGIA TECH PROMISE PROGRAM, WHICH IS A PROGRAM TO PROVIDE SCHOLARSHIPS FOR NEEDY STUDENTS AND THE GEORGIA TECH PRESIDENT'S SCHOLARSHIP PROGRAM, WHICH IS A SCHOLARSHIP PROGRAM FOR STUDENTS WITH EXCEPTIONAL MERIT. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,643,091 | ExpenseAmt |
| Grant | $3,643,091 | GrantAmt |
| Desc | ALUMNI ASSOCIATION: THE FOUNDATION PROVIDES FUNDING FOR THE GEORGIA TECH ALUMNI ASSOCIATION, WHICH PROVIDES PROGRAMS FOR GEORGIA TECH ALUMNI AND STUDENTS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $11,502,711 | ExpenseAmt |
| Grant | $8,332,377 | GrantAmt |
| Desc | OTHER PROGRAM SERVICESGEORGIA TECH FOUNDATION, INC. PROVIDES GENERAL SUPPORT TO THE GEORGIA INSTITUTE OF TECHNOLOGY AND ITS AFFILIATED ORGANIZATIONS. THE GENERAL SUPPORT PROVIDES FUNDS FOR EDUCATIONAL AND VARIOUS OTHER ACTIVITIES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $11,502,711 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $8,332,377 | TotalOtherProgSrvcGrantAmt |
| Total Program Service Expenses | $83,131,547 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | Yes (1) | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 21 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 41 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (1) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 54 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 53 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARK DELORENZO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4048948345 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 760 SPRING ST NW STE 400 | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30308 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (62 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| DR ANGEL CABRERA | |||||||||
| PRESIDENT GA INSTITUTE OF | 1.00 | 40.00 | Yes (X) | $0 | $662,800 | $55,043 | |||
| MICHAEL G MESSNER | |||||||||
| TRUSTEE | 1.00 | 40.00 | Yes (X) | $0 | $0 | $0 | |||
| RODNEY C ADKINS | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| MICHAEL K ANDERSON | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| PAMELA W ARLOTTO | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| KELLY H BARRETT | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| RICHARD L BERGMARK | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID A BOTTOMS | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOHN F BROCK III | |||||||||
| PAST CHAIR | 1.00 | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| PAUL J BROWN | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| FRANCES L CASHMAN | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| STEVE W CHADDICK | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| STEPHEN M DEEDY | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ROBERT L DIXON JR | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| WALTER G EHMER | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JAMES ETHEREDGE | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOSEPH W EVANS | |||||||||
| CHAIR | 1.00 | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| D FORT FLOWERS JR | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| J LOUIS FOUTS | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| SHELDON J FOX | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| LARA O HODGSON | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| THOMAS M HOLDER | |||||||||
| TREASURER | 1.00 | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| LAWRENCE P HUANG | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| RICHARD B INMAN JR | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| CHRISTOPHER W KLAUS | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ROGER A KRONE | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ANDREA L LALIBERTE | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| WONYA Y LUCAS | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOHN S MARKWALTER JR | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ROBERT A MILTON | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| DEBORAH A NASH | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| MICHAEL A NEAL | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| THOMAS E NOONAN | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| GREGORY J OWENS | |||||||||
| VICE CHAIR - CHAIR ELECT | 1.00 | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| RANDALL E POLINER | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| CARL D RING | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| FRANCES G ROGERS | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID P ROWLAND | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| RICARDO SALGADO | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOCELYN M STARGEL | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ROBERT N STARGEL JR | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| WENDI C STURGIS | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| MARK C TEIXEIRA | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| KAREN C THURMAN | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOHN R WELLS | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JANICE N WITTSCHIEBE | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| GLENN T WRIGHT | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| S BRENT ZELNAK | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| LAURIE D BAGLEY | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| THOMAS A FANNING | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID D FLANAGAN | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| SHANTAN R PESARU | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| BRADY L RACKLEY III | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JAMES A WINNEFELD JR | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ALFREDO TRUJILLO | |||||||||
| PRESIDENT & COO | 40.00 | 2.00 | $391,729 | $0 | $51,814 | Yes (X) | |||
| MARK DELORENZO | |||||||||
| CFO & SECRETARY | 40.00 | 2.00 | $273,789 | $0 | $51,526 | Yes (X) | |||
| BRIAN PELLEGRINO | |||||||||
| CHIEF INVESTMENT OFFICER | 40.00 | $1,384,455 | $0 | $29,045 | Yes (X) | ||||
| PATRICK LIU | |||||||||
| DIRECTOR - PRIVATE INVESTMENTS | 40.00 | $258,427 | $0 | $55,507 | Yes (X) | ||||
| DWIGHT DOZIER | |||||||||
| CHIEF INFORMATION OFFICER | 40.00 | $200,101 | $0 | $39,950 | Yes (X) | ||||
| LU YAN | |||||||||
| MANAGING DIRECTOR - INVESTMENTS | 40.00 | $336,779 | $0 | $40,912 | Yes (X) | ||||
| PATRICIA WICHMANN | |||||||||
| CHIEF ADMINISTRATIVE OFFIC | 40.00 | $139,716 | $0 | $40,574 | Yes (X) | ||||
| MICHELLE JONES | |||||||||
| ASSISTANT CONTROLLER | 40.00 | $140,848 | $0 | $16,782 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,125,844 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $662,800 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $381,153 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 17 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROBINSON BRADSHAW & HINSON PA | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 N TRYON STREET SUITE 1900 | AddressLine1Txt |
| City | CHARLOTTE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28246 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | LEGAL SERVICES | ServicesDesc |
| Compensation | $131,394 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $100,715,385 | AllOtherContributionsAmt |
| Noncash Contributions | $7,997,207 | NoncashContributionsAmt |
| Total Contributions | $100,715,385 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INVESTMENT FEE INCOME | 900099 | $603,707 | $603,707 |
| COST RECOVERIES | 900099 | $9,887 | $9,887 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $613,594 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $38,659,880 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $2,531,342 | UnrelatedBusinessRevenueAmt |
| Exclusion | $36,128,538 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $502,286 | TotalRevenueColumnAmt |
| Exclusion | $502,286 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $21,248,538 | RealAmt |
| Personal | $834,823 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $15,107,643 | RealAmt |
| Personal | $11,191,209 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $6,140,895 | RealAmt |
| Personal | -$10,356,386 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$4,215,491 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$5,198,408 | UnrelatedBusinessRevenueAmt |
| Exclusion | $982,917 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $788,446,000 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $678,417,540 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $110,028,460 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $110,028,460 | TotalRevenueColumnAmt |
| Exclusion | $110,028,460 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $246,304,114 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $613,594 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$2,667,066 | UnrelatedBusinessRevenueAmt |
| Exclusion | $147,642,201 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $79,961,213 | TotalAmt |
| Program Services | $79,961,213 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,589,000 | TotalAmt |
| Management And General | $1,589,000 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,608,079 | TotalAmt |
| Management And General | $4,608,079 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $383,098 | TotalAmt |
| Management And General | $383,098 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $389,721 | TotalAmt |
| Management And General | $389,721 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $287,652 | TotalAmt |
| Management And General | $287,652 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $135,464 | TotalAmt |
| Management And General | $135,464 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $139,845 | TotalAmt |
| Program Services | $15,398 | ProgramServicesAmt |
| Management And General | $124,447 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $278,913 | TotalAmt |
| Management And General | $278,913 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,993 | TotalAmt |
| Program Services | $14,993 | ProgramServicesAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,847,731 | TotalAmt |
| Management And General | $1,847,731 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,460,855 | TotalAmt |
| Program Services | $488,717 | ProgramServicesAmt |
| Management And General | $758,984 | ManagementAndGeneralAmt |
| Fundraising | $213,154 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $805,146 | TotalAmt |
| Program Services | $46,202 | ProgramServicesAmt |
| Management And General | $738,744 | ManagementAndGeneralAmt |
| Fundraising | $20,200 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,143 | TotalAmt |
| Management And General | $54,143 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,196 | TotalAmt |
| Program Services | $2,366 | ProgramServicesAmt |
| Management And General | $44,830 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,907,031 | TotalAmt |
| Program Services | $640,563 | ProgramServicesAmt |
| Management And General | $321,755 | ManagementAndGeneralAmt |
| Fundraising | $944,713 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,578,044 | TotalAmt |
| Program Services | $1,578,044 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $336,286 | TotalAmt |
| Program Services | $257,929 | ProgramServicesAmt |
| Management And General | $78,357 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $272,219 | TotalAmt |
| Program Services | $126,122 | ProgramServicesAmt |
| Management And General | $146,097 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|
| REIMBURSEMENT TO GT | $3,448,623 | $727,059 | $2,721,564 |
| INCOME TAXES | $130,505 | $130,505 | |
| MAINTENANCE/REPAIR | $47,685 | $47,685 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $99,723,442 | TotalAmt |
| Program Services | $83,131,547 | ProgramServicesAmt |
| Management And General | $12,692,264 | ManagementAndGeneralAmt |
| Fundraising | $3,899,631 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,731,705 | BOYAmt |
| EOY | $21,719,277 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,935,211 | BOYAmt |
| EOY | $88,528,312 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,019,985 | BOYAmt |
| EOY | $16,651,722 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $908,202 | BOYAmt |
| EOY | $818,941 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $246,081,918 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $29,911,264 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $210,526,364 | BOYAmt |
| EOY | $216,170,654 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,370,205,840 | BOYAmt |
| EOY | $1,797,111,284 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $457,575,512 | BOYAmt |
| EOY | $765,593,681 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $151,939,652 | BOYAmt |
| EOY | $151,062,774 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,320,842,471 | BOYAmt |
| EOY | $3,057,656,645 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,870,704 | BOYAmt |
| EOY | $28,529,962 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,386,861 | BOYAmt |
| EOY | $13,096,758 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $104,727,366 | BOYAmt |
| EOY | $96,441,349 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $222,600,480 | BOYAmt |
| EOY | $215,723,129 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $152,021,635 | BOYAmt |
| EOY | $217,012,368 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $519,607,046 | BOYAmt |
| EOY | $570,803,566 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $202,107,637 | BOYAmt |
| EOY | $351,781,072 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,599,127,788 | BOYAmt |
| EOY | $2,135,072,007 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,801,235,425 | BOYAmt |
| EOY | $2,486,853,079 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,320,842,471 | BOYAmt |
| EOY | $3,057,656,645 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $146,580,672 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $534,230,998 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $4,805,984 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Organization | Yes (X) | CollegeOrganizationInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $90,577,046 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $81,369,588 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $105,065,128 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $71,925,865 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $100,715,385 | CurrentTaxYearAmt |
| Total | $449,653,012 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $90,577,046 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $81,369,588 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $105,065,128 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $71,925,865 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $100,715,385 | CurrentTaxYearAmt |
| Total | $449,653,012 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $17,547,339 | SubstantialContributorsTotAmt |
| Public Support Total170 | $432,105,673 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $52,115,184 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $56,383,653 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $55,314,424 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $43,923,867 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $58,660,296 | CurrentTaxYearAmt |
| Total | $266,397,424 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $716,050,436 | TotalSupportAmt |
| Public Support CY170 | 0.60350 | PublicSupportCY170Pct |
| Public Support PY170 | 0.61480 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (1) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $14,993 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | 0 | OtherActivitiesInd |
| Total Lobbying Expenditures | $14,993 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | LOBBYING EXPENDITURES LOBBYING EXPENSES ARE PAID BY THE GEORGIA TECH FOUNDATION AT THE REQUEST OF THE GEORGIA INSTITUTE OF TECHNOLOGY (GEORGIA TECH) FOR GEORGIA TECH'S ADVOCACY OF HIGHER EDUCATION HIGHLIGHTING GEORGIA TECH'S LEGISLATIVE PRIORITIES. EXPENSES INCLUDE PAYMENTS FOR GOODS AND SERVICES UTILIZED IN THE HOSTING OF MEETINGS, CAMPUS VISITS, CAMPUS ATHLETIC EVENTS, AND PROMOTIONAL ITEMS WITH THE GEORGIA TECH LOGO. | ExplanationTxt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $3,871,188 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,461,135,121 | BeginningYearBalanceAmt |
| Contributions | $59,768,038 | ContributionsAmt |
| Investment Earnings Or Losses | $560,190,809 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $64,593,022 | OtherExpendituresAmt |
| End Year Balance | $2,016,500,946 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,455,035,486 | BeginningYearBalanceAmt |
| Contributions | $42,942,092 | ContributionsAmt |
| Investment Earnings Or Losses | $23,892,792 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $60,735,249 | OtherExpendituresAmt |
| End Year Balance | $1,461,135,121 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,376,814,943 | BeginningYearBalanceAmt |
| Contributions | $50,662,983 | ContributionsAmt |
| Investment Earnings Or Losses | $85,887,311 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $58,329,751 | OtherExpendituresAmt |
| End Year Balance | $1,455,035,486 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,395,313,894 | BeginningYearBalanceAmt |
| Contributions | $30,786,016 | ContributionsAmt |
| Investment Earnings Or Losses | $145,451,237 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $70,572,406 | OtherExpendituresAmt |
| End Year Balance | $1,500,978,741 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,244,396,116 | BeginningYearBalanceAmt |
| Contributions | $26,058,701 | ContributionsAmt |
| Investment Earnings Or Losses | $181,892,359 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $57,033,282 | OtherExpendituresAmt |
| End Year Balance | $1,395,313,894 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.07400 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.39500 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.53100 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $68,153,744 | OtherCostOrOtherBasisAmt |
| Book Value | $68,153,744 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $68,050,000 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $93,560,316 | OtherCostOrOtherBasisAmt |
| Depreciation | $28,640,603 | DepreciationAmt |
| Book Value | $132,969,713 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $16,317,858 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,270,661 | DepreciationAmt |
| Book Value | $15,047,197 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $216,170,654 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| INVESTMENTS IN PARTNERSHIPS | $746,463,426 | F |
| MANAGED PERPETUAL TRUSTS | $897,395 | F |
| CHARITABLE GIFT ANNUITY | $18,232,860 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $765,593,681 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| COMMITMENT PAYABLE | $4,834,848 |
| PAYABLE/GUARANTEE TO AFFILIATE | $187,561,524 |
| LIFE INCOME INTEREST | $24,615,996 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $217,012,368 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PART III, LINE 4 | ART COLLECTION VARIOUS SCULPTURES AND PAINTINGS AS PLACED ACROSS GEORGIA TECH'S CAMPUS FOR CAMPUS BEAUTIFICATION AND FOR ENHANCEMENT OF THE STUDENTS' LEARNING EXPERIENCE. |
| SCHEDULE D, PART V, LINE 4 | ENDOWMENT FUNDS INCOME EARNED ON ENDOWMENTS IS USED TO SUPPORT GEORGIA INSTITUTE OF TECHNOLOGY. THE INCOME FROM THE ENDOWMENT IS MOSTLY RESTRICTED TO CERTAIN PURPOSES BY THE DONORS. THE USES INCLUDE: STUDENT SUPPORT IN THE FORM OF SCHOLARSHIPS, FELLOWSHIPS (LOAN FUNDS TO MEET THEIR EDUCATIONAL EXPENSES), GRADUATE SUPPORT, AS WELL AS SUPPORT OF FACULTY IN THEIR TEACHING AND RESEARCH PROGRAMS. THE ENDOWMENT SUPPORTS EACH OF THE SIX COLLEGES AND MANY PROGRAMS, INCLUDING THE LIBRARY, LECTURES, FACULTY RECRUITMENT, AND PROGRAM CURRICULUM DEVELOPMENT, AND FOR THE RENOVATION OF FACILITIES AND LABORATORIES. |
| SCHEDULE D, PART X, LINE 2 | FIN 48 (ASC 740) FOOTNOTE THE FOUNDATION DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX POSITIONS THAT SHOULD BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS FOR 2021 OR 2020. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | INVESTMENTS | $632,603,000 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | INVESTMENTS | $41,612,000 |
| NORTH AMERICA | 0 | 0 | INVESTMENTS | $56,624,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $730,839,000 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $730,839,000 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III ACCOUNTING METHOD: | |
| SCHEDULE F, PART V | GEORGIA TECH FOUNDATION, INC. ATTACHES ALL FOREIGN FILINGS TO FORM 990T, WHICH IS ELECTRONICALLY FILED WITH THE INTERNAL REVENUE SERVICE. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| GEORGIA TECH ALUMNI ASSOCIATION | |||||||
| 190 NORTH AVENUE | ATLANTA | GA | 30313 | 580634853 | 501(C)(3) | $3,643,091 | ALUMNI ASSOCIATION |
| GEORGIA INSTITUTE OF TECHNOLOGY | |||||||
| 225 NORTH AVENUE | ATLANTA | GA | 30332 | 586002023 | GOVT | $74,914,056 | SCHOLARSHIPS, FELLOWSHIPS |
| GEORGIA TECH FACILITIES INC | |||||||
| 225 NORTH AVENUE | ATLANTA | GA | 30332 | 521442293 | 501(C)(3) | $185,685 | CONSTRUCTION PROJECT |
| GEORGIA TECH FOUNDATION FUNDING CORPORATION | |||||||
| 760 SPRING ST NW STE 400 | ATLANTA | GA | 30308 | 582587017 | 501(C)(3) | $131,148 | CAPITAL PROJECTS |
| GEORGIA TECH ATHLETIC ASSOCIATION | |||||||
| 150 BOBBY DODD WAY | ATLANTA | GA | 30332 | 580622514 | 501(C)(3) | $1,087,233 | SCHOLARSHIPS |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 5 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | MONITORING THE USE OF GRANT FUNDS GEORGIA TECH FOUNDATION, INC. PROVIDES GRANTS TO THE GEORGIA INSTITUTE OF TECHNOLOGY AND OTHER AFFILIATED ORGANIZATIONS THAT SUPPORT THE GEORGIA INSTITUTE OF TECHNOLOGY. THE USE OF THE FUNDS IS MONITORED TO ENSURE THAT THE GRANT IS USED FOR ITS ORIGINAL PURPOSE. NO GRANTS ARE PROVIDED TO INDIVIDUALS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | Yes (1) | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | Yes (1) | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BRIAN PELLEGRINO | ||||||||||||||
| CHIEF INVESTMENT OFFICER | $519,355 | $0 | $865,000 | $0 | $100 | $0 | $28,500 | $0 | $545 | $0 | $1,413,500 | $0 | $0 | $0 |
| DR ANGEL CABRERA | ||||||||||||||
| PRESIDENT GA INSTITUTE OF | $0 | $662,771 | $0 | $0 | $0 | $29 | $0 | $26,334 | $0 | $28,709 | $0 | $717,843 | $0 | $0 |
| ALFREDO TRUJILLO | ||||||||||||||
| PRESIDENT & COO | $368,576 | $0 | $0 | $0 | $23,153 | $0 | $28,500 | $0 | $23,314 | $0 | $443,543 | $0 | $0 | $0 |
| LU YAN | ||||||||||||||
| MANAGING DIRECTOR - INVESTMENTS | $275,079 | $0 | $61,600 | $0 | $100 | $0 | $28,000 | $0 | $12,912 | $0 | $377,691 | $0 | $0 | $0 |
| MARK DELORENZO | ||||||||||||||
| CFO & SECRETARY | $273,789 | $0 | $0 | $0 | $0 | $0 | $28,000 | $0 | $23,526 | $0 | $325,315 | $0 | $0 | $0 |
| PATRICK LIU | ||||||||||||||
| DIRECTOR - PRIVATE INVESTMENTS | $214,130 | $0 | $44,197 | $0 | $100 | $0 | $22,098 | $0 | $33,409 | $0 | $313,934 | $0 | $0 | $0 |
| DWIGHT DOZIER | ||||||||||||||
| CHIEF INFORMATION OFFICER | $200,001 | $0 | $0 | $0 | $100 | $0 | $20,700 | $0 | $19,250 | $0 | $240,051 | $0 | $0 | $0 |
| PATRICIA WICHMANN | ||||||||||||||
| CHIEF ADMINISTRATIVE OFFIC | $139,616 | $0 | $0 | $0 | $100 | $0 | $14,700 | $0 | $25,874 | $0 | $180,290 | $0 | $0 | $0 |
| MICHELLE JONES | ||||||||||||||
| ASSISTANT CONTROLLER | $140,748 | $0 | $0 | $0 | $100 | $0 | $14,330 | $0 | $2,452 | $0 | $157,630 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES GEORGIA TECH FOUNDATION, INC. PROVIDES REIMBURSEMENT TO ALFREDO TRUJILLO FOR THE BUSINESS EXPENSES AND THE DUES RELATED TO THEIR MEMBERSHIP IN A SOCIAL CLUB. THE BUSINESS EXPENSES ARE SUBSTANTIATED. THE DUES ARE ALSO PAID AND THE PERSONAL USE AMOUNT IS INCLUDED AS COMPENSATION ON FORM W-2. |
| PART I, LINE 3 | ESTABLISHMENT OF CEO/EXECUTIVE DIRECTOR COMPENSATION THE COMPENSATION COMMITTEE OF THE GEORGIA TECH FOUNDATION IS CHARGED WITH REVIEWING AND APPROVING COMPENSATION AND BENEFITS PROVIDED BY THE GEORGIA TECH FOUNDATION, INC. THE COMPENSATION COMMITTEE IS COMPOSED OF THE FOUR BOARD OFFICERS OF THE GEORGIA TECH FOUNDATION, WHO ARE NOT COMPENSATED AND ARE NOT RELATED TO INDIVIDUALS WHOSE COMPENSATION IS UNDER REVIEW. THE COMPENSATION COMMITTEE MAY HIRE COMPENSATION CONSULTANTS AND RELIES ON MARKET DATA IN ASSESSING REASONABLENESS OF COMPENSATION AND BENEFITS FOR THE PRESIDENT AND CHIEF OPERATING OFFICER AND THE SENIOR STAFF. |
| SCHEDULE J, PART I, LINE 5A & 6A | INCENTIVE COMPENSATION BONUSES ARE PAID TO INVESTMENT STAFF IF THE INVESTMENT RETURN EXCEEDS THE TARGET. |
| SCHEDULE J, PART II | SUPPLEMENTAL INFORMATION DR. ANGEL CABRERA IS THE PRESIDENT OF THE GEORGIA INSTITUTE OF TECHNOLOGY. AS PRESIDENT HE SERVES AS AN EX-OFFICIO VOTING TRUSTEE OF THE GEORGIA TECH FOUNDATION. THE GEORGIA INSTITUTE OF TECHNOLOGY, A UNIT OF THE UNIVERSITY SYSTEM OF GEORGIA, PROVIDES COMPENSATION TO DR. CABRERA, AS REPORTED IN SCHEDULE J, PART II. THE BOARD OF REGENTS OF THE UNIVERSITY OF GEORGIA DETERMINES DR. CABRERA'S COMPENSATION. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| DEVELOPMENT AUTH OF FULTON COUNTY SERIES 2011A | ||||||||
| A | 581639487 | 359900R41 | 2011-11-09 | $37,498,996 | REFUND A 2001 PRIOR BOND ISSUE | 0 | 0 | 0 |
| DEVELOPMENT AUTH OF FULTON COUNTY SERIES 2012A | ||||||||
| B | 561506878 | 3599003ES | 2012-04-11 | $92,302,322 | REFUND A 2002 PRIOR BOND ISSUE | 0 | 0 | 0 |
| DEVELOPMENT AUTH OF FULTON COUNTY SERIES 2017B | ||||||||
| C | 581506878 | 36005FAMT | 2017-12-21 | $90,654,780 | REFUND PORTION OF 2011A AND 2012A | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|
| A | $37,498,996 | $473,597 | $37,025,339 | 2011 | Yes (1) | 0 | Yes (1) | Yes (1) |
| B | $92,302,322 | $837,322 | $91,465,000 | 2012 | Yes (1) | 0 | Yes (1) | Yes (1) |
| C | $90,654,780 | $750,886 | $89,903,894 | 2017 | 0 | Yes (1) | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 0 |
| B | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 0 |
| C | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 0 |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE K, PART IV, LINE 2C | THE REBATE COMPUTATION WAS PERFORMED FOR BOND A ON APRIL 21, 2014; FOR BOND B ON APRIL 21, 2014; AND BOND C ON DECEMBER 21, 2022. |
| SCHEDULE K, PART IV, LINE 3A | CONTRACTS IN THE BOND FINANCED SPACE ARE INCIDENTAL. |
| SCHEDULE K, PART III, LINE 9, PART IV, LINE 7 & PART V | GEORGIA TECH FOUNDATION HAS PROCESSES AND PROCEDURES IN PLACE TO ENSURE ALL NONQUALIFIED BONDS ARE REMEDIATED IN ACCORDANCE WITH THE REQUIREMENTS OF SECTIONS 1.141-12 AND 1.145-2, AND FORMALIZED THESE PROCEDURES IN WRITING IN MARCH 2018. GEORGIA TECH FOUNDATION ESTABLISHED WRITTEN PROCEDURES TO MONITOR THE REQUIREMENTS OF SECTION 148. GEORGIA TECH FOUNDATION ESTABLISHED WRITTEN PROCEDURES TO ENSURE THAT VIOLATIONS OF FEDERAL TAX REQUIREMENTS ARE TIMELY IDENTIFIED AND CORRECTED THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM AND ADOPTED THOSE PROCEDURES IN MARCH 2018. |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 180 | ContributionCnt |
| Noncash Contributions Rpt F990 | $7,997,207 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | BUSINESS RELATIONSHIP ROBERT N. STARGEL JR. AND JOCELYN M. STARGEL HAVE A FAMILY RELATIONSHIP. |
| FORM 990, PART VI, SECTION A, LINE 7A | ELECTED BOARD MEMBERS THE GEORGIA TECH FOUNDATION, INC. BYLAWS STATE THAT THE EX-OFFICIO VOTING TRUSTEES SHALL BE THE PRESIDENT OF GEORGIA INSTITUTE OF TECHNOLOGY; THE CHAIRMAN OF THE GEORGIA TECH ADVISORY BOARD; AND THE CHAIR, PAST CHAIR, AND CHAIR-ELECT OF THE GEORGIA TECH ALUMNI ASSOCIATION, INC. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 REVIEW PROCESS THE TRUSTEES, DIRECTORS, AND OFFICERS OF GEORGIA TECH FOUNDATION, INC. ARE GIVEN ACCESS TO ALL GEORGIA TECH FOUNDATION, INC.'S TAX RETURNS THROUGH A WEBSITE AND ASKED TO REVIEW AND PROVIDE ANY QUESTIONS AND COMMENTS BEFORE A CERTAIN DATE. ANY QUESTIONS AND COMMENTS FROM THE BOARD MEMBERS ARE NOTED AND CHANGES ARE MADE TO THE RETURN AS APPROPRIATE. ONCE ALL CHANGES HAVE BEEN MADE, AN UPDATED RETURN IS PROVIDED TO THE BOARD MEMBERS THROUGH THE SAME WEBSITE PRIOR TO THE RETURN BEING FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST POLICY THE BOARD OF DIRECTORS AND OFFICERS OF GEORGIA TECH FOUNDATION, INC. ARE REQUIRED TO DISCLOSE ANY CONFLICT OF INTEREST WITH GEORGIA TECH FOUNDATION, INC. THE AUDIT COMMITTEE OF GEORGIA TECH FOUNDATION, INC. IS THEN CHARGED WITH REVIEWING ANY CONFLICTS OF INTEREST AND REPORTING THEM TO THE EXECUTIVE COMMITTEE. IF ANY ACTION IS NECESSARY, THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR TAKING THE APPROPRIATE ACTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | REVIEW OF OFFICER COMPENSATION THE COMPENSATION COMMITTEE OF THE GEORGIA TECH FOUNDATION IS CHARGED WITH REVIEWING AND APPROVING COMPENSATION AND BENEFITS PROVIDED BY THE GEORGIA TECH FOUNDATION, INC. THE COMPENSATION COMMITTEE IS COMPOSED OF THE FOUR BOARD OFFICERS OF THE GEORGIA TECH FOUNDATION, WHO ARE NOT COMPENSATED AND ARE NOT RELATED TO INDIVIDUALS WHOSE COMPENSATION IS UNDER REVIEW. THE COMPENSATION COMMITTEE MAY HIRE COMPENSATION CONSULTANTS AND RELIES ON MARKET DATA IN ASSESSING REASONABLENESS OF COMPENSATION AND BENEFITS FOR THE PRESIDENT AND CHIEF OPERATING OFFICER AND THE SENIOR STAFF. THE COMPENSATION COMMITTEE OF GEORGIA TECH FOUNDATION CONTEMPORANEOUSLY DOCUMENTS THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION OF THESE INDIVIDUALS. |
| FORM 990, PART VI, SECTION C, LINE 19 | DOCUMENTS AVAILABLE TO THE PUBLIC THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE POSTED TO THE GEORGIA TECH FOUNDATION, INC. WEBSITE. THE FORM 990 AND FORM 990-T OF GEORGIA TECH FOUNDATION, INC. ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART VII | BOARD MEMBER COMPENSATION RELATED ORGANIZATION COMPENSATION IS PROVIDED BY THE GEORGIA INSTITUTE OF TECHNOLOGY TO BOARD MEMBERS WHO ARE EMPLOYEES OF GEORGIA TECH. NO RELATED ORGANIZATION COMPENSATION IS PROVIDED TO INDIVIDUALS FOR THEIR ROLE AS BOARD MEMBERS OF GEORGIA TECH FOUNDATION, INC. |
| FORM 990, PART XI, LINE 9: | ACTUARIAL GAIN 4,493,601. INCREASE IN CASH SURRENDER VALUE 312,383. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (10 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| FIFTH STREET HOTEL LLC | |||||||||
| 760 SPRING ST NW STE 400 | ATLANTA | GA | 30308 | 586043294 | HOLDING CORP. | GA | $610,381 | $36,074,720 | GTF INC |
| TECHNOLOGY SQUARE LLC | |||||||||
| 760 SPRING ST NW STE 400 | ATLANTA | GA | 30308 | 586043294 | HOLDING CORP. | GA | $7,290,539 | $123,143,397 | GTF INC |
| CYPRESS ACADEMY LLC | |||||||||
| 760 SPRING ST NW STE 400 | ATLANTA | GA | 30308 | 263042898 | HOLDING CORP. | GA | $0 | $4,895,804 | GTF INC |
| GEORGIA TECH FOUNDATION PROPERTIES LLC | |||||||||
| 760 SPRING ST NW STE 400 | ATLANTA | GA | 30308 | 586043294 | REAL ESTATE | GA | $33,720 | $3,756,114 | GTF INC |
| 70 4TH STREET LLC | |||||||||
| 760 SPRING ST NW STE 400 | ATLANTA | GA | 30308 | 830838727 | REAL ESTATE | GA | $33,720 | $1,609,196 | GEORGIA TECH FOUNDATION PROPERTIES INC |
| ACADEMY OF MEDICINE LLC | |||||||||
| 760 SPRING ST NW STE 400 | ATLANTA | GA | 30308 | 586043294 | REAL ESTATE | GA | $0 | $0 | GTF INC |
| BILTMORE TECHNOLOGY SQUARE LLC | |||||||||
| 760 SPRING ST NW STE 400 | ATLANTA | GA | 30308 | 813182172 | HOLDING CORP. | DE | $7,876,061 | $58,979,718 | GTF INC |
| GTF 1052 LLC | |||||||||
| 760 SPRING ST NW STE 400 | ATLANTA | GA | 30308 | 815360579 | HOLDING CORP. | DE | $991,090 | $29,903,496 | GTF INC |
| GTF ATC LLC | |||||||||
| 760 SPRING ST NW STE 400 | ATLANTA | GA | 30308 | 586053294 | HOLDING CORP. | GA | $5,822,064 | $42,032,036 | GTF INC |
| 665 MARIETTA LLC | |||||||||
| 760 SPRING ST NW STE 400 | ATLANTA | GA | 30308 | 586043294 | HOLDING CORP. | GA | $0 | $36,437,762 | GTF INC |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GEORGIA TECH FOUNDATION FUNDING CORP | |||||||||||
| 760 SPRING ST NW SUITE 400 | ATLANTA | GA | 30308 | 582587017 | FINANCING | GA | 501(C)(3) | 12A | GTF INC | Yes (1) | |
| GEORGIA TECH FOUND REAL ESTATE HOLDING | |||||||||||
| 760 SPRING ST NW SUITE 400 | ATLANTA | GA | 30308 | 581948026 | REAL ESTATE | GA | 501(C)(2) | N/A | GTF INC | Yes (1) | |
| GEORGIA INSTITUTE OF TECHNOLOGY | |||||||||||
| 225 NORTH AVENUE | ATLANTA | GA | 30332 | 586002023 | EDUCATION | GA | N/A | N/A | 0 | N/A | |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd | EINEIN |
|---|---|---|---|---|---|---|---|---|---|
| CHARITABLE REMAINDER UNITRUSTS (30) | |||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | TRUST | GA | GTF INC | T | Yes (1) | |
| CHARITABLE REMAINDER ANNUITY TRUSTS (1) | |||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | TRUST | GA | GTF INC | T | Yes (1) | |
| GTF POOLED INCOME FUND | |||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | TRUST | GA | GTF INC | T | Yes (1) | 586093829 |
| GEORGIA TECH CHARITABLE LIFE INC | |||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30309 | INSURANCE SER | GA | GTF INC | C | Yes (1) | 581609015 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (1) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| GEORGIA TECH FOUNDATION FUNDING CORPORATION | ||
| E | $16,615,077 | FMV |
| GEORGIA TECH FOUNDATION FUNDING CORPORATION | ||
| B | $131,148 | FMV |
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