2015-05-11T14:37:10-05:00 2014-06-30 KPMG LLP 300 North Greene Street Suite 400 Greensboro NC 27401 990 2013-07-01 586043294 GEORGIA TECH FOUNDATION INC % MARK W LONG GEOR 4048948345 760 SPRING STREET NW Suite 400 ATLANTA GA 30308 AL TRUJILLO PRESIDENT 4048948345 2015-05-11 true ALLISON H FRANKLIN P00448640 4048948345 2013 2016-03-07 17:11:31Z AL TRUJILLO 760 SPRING ST NW SUITE 400 ATLANTA GA 30308 747162550 false X www.gtf.gatech.edu X 1932 GA 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 51 47 38 100 80365 0 63555932 106402601 1447981 859657 83669840 74653612 9710147 9728819 158383900 191644689 103286903 73441550 0 0 4407987 4570314 0 0 4137439 21069356 22612137 128764246 100624001 29619654 91020688 1727888372 1881230235 532419886 478410487 1195468486 1402819748 X 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. false false 39143044 39143044 859657 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. 22352269 22352269 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. 3004618 3004618 ALUMNI ASSOCIATION: THE FOUNDATION PROVIDES FUNDING FOR THE GEORGIA TECH ALUMNI ASSOCIATION, WHICH PROVIDES PROGRAMS FOR MORE THAN 100,000 GEORGIA TECH ALUMNI AND STUDENTS. 18146267 4891972 82646198 true true false true false false false false false true true true false true true true false true false false true false false false false false false true false true true false false false false false false false false false false true false false false true true true true true false true 19 0 true 38 true true true false false false false true true false false false false X 51 47 false false false false false true false true true false false true true true true true true true true false GA X MARK W LONG 4048948345 760 SPRING ST NW SUITE 400 ATLANTA GA 30308 CHARLES D MOSELEY PAST CHAIR 1.0 X X 0 0 0 J LOUIS FOUTS TRUSTEE 1.0 X 0 0 JAMES W BOWYER TRUSTEE 1.0 X 0 0 0 JOHN F BROCK III TRUSTEE 1.0 X 0 0 0 THOMAS M HOLDER TRUSTEE 1.0 X 0 0 0 STEVE W CHADDICK TRUSTEE 1.0 X 0 0 0 LAWERENCE P HUANG TRUSTEE 1.0 X 0 0 0 JOHN R HUFF TRUSTEE 1.0 X 0 0 0 MICHELLE M JARRARD TRUSTEE 1.0 X 0 0 0 GARY T JONES VICE CHAIR - CHAIR ELECT 1.0 X 0 40000 4738 ANDREA L LALIBERTE TRUSTEE 1.0 X 0 89038 4158 DAVID A PERDUE TREASURER 1.0 X 0 0 0 MICHAEL G MESSNER TRUSTEE 1.0 X 0 0 0 DEBORAH A NASH TRUSTEE 1.0 X 0 0 0 C MEADE SUTTERFIELD TRUSTEE 1.0 X 0 0 0 ALBERT S THORNTON JR TRUSTEE 1.0 X 0 0 0 JANICE N WITTSCHIEBE TRUSTEE 1.0 X 0 0 0 STEPHEN P ZELNAK JR TRUSTEE 1.0 X 0 0 0 ROBERT A MILTON TRUSTEE 1.0 X 0 0 0 THOMAS E NOONAN TRUSTEE 1.0 X 0 0 0 CHARLES A SMITHGALL III TRUSTEE 1.0 X 0 0 0 JOHN R WELLS TRUSTEE 1.0 X 0 0 0 RODNEY C ADKINS TRUSTEE 1.0 X 0 0 0 JOSEPH W EVANS TRUSTEE 1.0 X 0 0 0 ROGER A KRONE EX-OFFICIO TRUSTEE 1.0 X 0 0 0 ROBERT N STARGEL JR EX-OFFICIO TRUSTEE 1.0 X 0 0 0 JAMES R LIENTZ JR CHAIR 1.0 X 0 0 0 DR GP PETERSON PRESIDENT, GA TECH 10.0 30.0 X 0 448075 353526 JOHN C BACON TRUSTEE 1.0 X 0 0 0 DAVID D FLANAGAN TRUSTEE 1.0 X 0 0 0 RONALD L JOHNSON TRUSTEE 1.0 X 0 288213 38514 GREGORY J OWENS TRUSTEE 1.0 X 0 0 0 N ALLEN ROBERTSON TRUSTEE 1.0 X 0 0 0 KAREN C THURMAN TRUSTEE 1.0 X 0 0 0 G NILES BOLTON TRUSTEE 1.0 X 0 0 0 JEROME A ATKINSON TRUSTEE 1.0 X 0 0 0 LAURIE D BAGLEY TRUSTEE 1.0 X 0 0 0 JAMES R BORDERS TRUSTEE 1.0 X 0 0 0 KARL F DASHER TRUSTEE 1.0 X 0 0 0 DAVID W DORMAN TRUSTEE 1.0 X 0 0 0 WALTER G EHMER EX-OFFICIO TRUSTEE 1.0 X 0 0 0 THOMAS A FANNING TRUSTEE 1.0 X 0 0 0 JACK J FAUSSEMAGNE TRUSTEE 1.0 X 0 0 0 GEORGE W LEVERT TRUSTEE 1.0 X 0 0 0 CHARLES W MOORMAN IV TRUSTEE 1.0 X 0 0 0 J PAUL RAINES EX-OFFICIO TRUSTEE 1.0 X 0 0 0 FRANCES G ROGERS TRUSTEE 1.0 X 0 0 0 CHRISTOPHER W KLAUS TRUSTEE 1.0 X 0 0 0 RICHARD L BERGMARK TRUSTEE 1.0 X D FORT FLOWERS JR TRUSTEE 1.0 X Pamela W Arlotto Trustee 1.0 X MARK W LONG SECRETARY/CFO 40.0 X 186266 45732 ALFREDO TRUJILLO PRESIDENT/COO 40.0 X 152339 0 26630 JAMES TAYLOR CHIEF INVESTMENT OFFICER 40.0 X 434681 44599 PATRICK LIU DIRECTOR OF INVESTMENTS 40.0 X 252205 44550 HERBERT BRUNSWICK JR DIRECTOR, SYSTEMS & REPORTING 40.0 X 135287 36807 SCOTT JENKS DIR. - TRAINING AND USER SRVC 40.0 X 116955 21871 JONATHAN KARCSH DIRECTOR OF INVESTMENTS 40.0 X 300558 48600 MICHELLE JONES ASSISTANT CONTROLLER 40.0 X 119695 15980 JOHN B CARTER JR FORMER PRESIDENT/COO 30.0 X 293174 0 20700 1991160 865326 706405 9 true true false SNELLINGS WALTERS 1117 PERIMETER CENTER W ATLANTA GA 30338 INSURANCE 474381 NORTHERN TRUST 50 S LASALLE ST B-8 CHICAGO IL 60603 INVESTMENT CUSTODY 379308 SODEXHO CAMPUS SERVICES 350 FERST DRIVE ATLANTA GA 30332 EVENT/CATERING 343496 AXIOM 33 BENEDICT PLACE 2ND FLOOR GREENWICH CT 06830 INVESTMENT MGMT 368475 Harbert US Real Estate Fund 2100 Third Avenue Suite 60 BIRMINGHAM AL 32203 INVESTMENT MGMT 321932 15 106402601 55471837 106402601 COST RECOVERIES 900099 44130 44130 INVESTMENT FEE INCOME FROM RELATED ORG. 900099 815527 815527 859657 22804914 -587134 23392048 0 578673 578673 12610161 1014236 3392361 1081890 9217800 -67654 9150146 -67654 9217800 602892308 551043610 51848698 51848698 735153 51113545 0 0 0 0 191644689 859657 80365 84302066 73441550 73441550 0 0 0 668782 668782 100000 100000 2807644 2807644 461120 166666 294454 322743 322743 210025 210025 25150 25150 101547 101547 247428 247428 4020 4020 0 3080683 3080683 203605 11168 130582 61855 0 349805 166349 172132 11324 146153 337 145816 0 0 207510 15344 105461 86705 0 5373462 3800682 275663 1297117 8713428 8640932 72496 0 333140 263438 69702 181905 181905 REIMBURSEMENTS TO GT 2859221 178783 2680438 FACULTY MOVING EXPENSES 21140 21140 MAINTENANCE AND REPAIRS 155878 155878 INCOME TAXES 103021 103021 505041 164220 340821 100624001 86695846 9790716 4137439 300 300 5493649 3568979 70217466 64873450 0 0 0 0 0 0 1122879 1144394 0 0 0 0 79707238 19386854 62631288 60320384 960791815 1139271806 408859549 399618057 0 0 0 0 218771426 212432865 1727888372 1881230235 15742345 14107689 0 0 34161546 31320792 147764597 146424836 0 0 0 0 0 0 0 0 334751398 286557170 532419886 478410487 X 55766783 99402702 606407634 715036700 533294069 588380346 1195468486 1402819748 1727888372 1881230235 X 91020688 112830887 3499687 X false true X true false X 45143908 53928276 84763904 63555932 106402601 353794621 0 0 45143908 53928276 84763904 63555932 106402601 353794621 67447468 286347153 33334382 32416581 32721535 40126494 39114611 177713603 975605 769548 3987 1749140 41206 41206 533298570 815527 0.53694 0.55885 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 4020 false false 4020 LOBBYING EXPENDITURES FORM 990, PART IV, LINE 4 & SCHEDULE C, PART II-B, LINE 1G 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. 1112788225 71646318 178366253 16444626 28037812 6720276 1311598082 1012283590 33640982 112578062 15550123 23738191 6426095 1112788225 1044450626 26657320 -7607178 13535183 31457416 6224579 1012283590 880639102 29845676 183425325 14319385 28940780 6379312 1044270626 794541884 23579756 113938022 12917753 31865043 6637764 880639102 0.15365 0.84635 false false 2552671 2552671 28978976 38066386 17444999 49600363 10109205 1941855 8167350 60320384 INVESTMENTS IN PARTNERSHIPS 394964441 F MANAGED PERPETUAL TRUSTS 1926159 F CHARITABLE GIFT ANNUITY 2727457 F 399618057 CHARITABLE REMAINDER TRUSTS 24401796 CASH VALUE OF LIFE INSURANCE 3421325 LEASE RECEIVABLE 171551643 OTHER ASSETS 5615789 INTEREST RECEIVABLE 13247 CAPITAL RESERVE FUNDS 7429065 212432865 0 COMMITMENT PAYABLE 8765449 PAYABLE TO AFFILIATES 109860996 LIFE INCOME INTEREST 12845872 BONDS PAYABLE (TAXABLE) 103617683 GUARANTEE OF LINES OF CREDIT 23752469 LINES OF CREDIT 27714701 286557170 X ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 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. FIN 48 (ASC 740) FOOTNOTE SCHEDULE D, PART X, LINE 2 The Foundation does not have any material unrecognized tax positions that should be recognized in the consolidated financial statements for 2014 or 2013. true Central America and the Caribbean Program Services RESEARCH COLLABORATION 617 Central America and the Caribbean Fundraising 350 East Asia and the Pacific Program Services RESEARCH COLLABORATION 3653 East Asia and the Pacific Program Services SYMPOSIUMS/CONFERENCES 109 East Asia and the Pacific Fundraising 36221 East Asia and the Pacific Program Services ACADEMIC 374 Europe (Including Iceland and Greenland) Program Services RESEARCH COLLABORATION 2211 Europe (Including Iceland and Greenland) Program Services SYMPOSIUMS/CONFERENCES 7114 Europe (Including Iceland and Greenland) Fundraising 13745 Europe (Including Iceland and Greenland) Program Services ACADEMIC 567 Middle East and North Africa Program Services RESEARCH COLLABORATION 147 Middle East and North Africa Program Services SYMPOSIUMS/CONFERENCES 106 North America Program Services RESEARCH COLLABORATION 118 North America Program Services SYMPOSIUMS/CONFERENCES 440 South America Program Services RESEARCH COLLABORATION 225 South America Fundraising 1581 South America Program Services ACADEMIC 24 Sub-Saharan Africa Program Services RESEARCH COLLABORATION 358 Central America and the Caribbean Investments East Asia and the Pacific Investments Europe (Including Iceland and Greenland) Investments Middle East and North Africa Investments North America Investments Russia and the Newly Independent States Investments South America Investments South Asia Investments Sub-Saharan Africa Investments 67602 358 67960 true false true true true true SCHEDULE F, PART V GEORGIA TECH FOUNDATION, INC. ATTACHES ALL FOREIGN FILINGS TO FORM 990T, WHICH IS PAPER FILED WITH THE INTERNAL REVENUE SERVICE. true GEORGIA TECH ALUMNI ASSOCIATION 190 NORTH AVENUE ATLANTA GA 30313 580634853 501(C)(3) 3004618 ALUMNI ASSOCIATION GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE ATLANTA GA 30332 586002023 UNIV. SYS OF GA 68880929 SCHOLARSHIPS, FELLOWSHIPS, AWARDS & OTHER GEORGIA TECH FACILITIES INC 225 NORTH AVENUE ATLANTA GA 30332 521442293 501(C)(3) 310226 CONSTRUCTION PROJECTS/BUILDING GRANTS GEORGIA TECH FOUNDATION FUNDING CORPORATION 760 SPRING ST NW STE 400 ATLANTA GA 30308 582587017 501(C)(3) 200590 CAPITAL PROJECTS GEORGIA TECH FOUNDATION REAL ESTATE HOLDING CORP 760 SPRING ST NW STE 400 ATLANTA GA 30308 581948026 501(C)(2) 6592 REAL ESTATE OPERATIONS GEORGIA TECH ATHLETIC ASSOCIATION 150 BOBBY DODD WAY ATLANTA GA 30332 580622514 501(C)(3) 788595 SCHOLARSHIPS GEORGIA TECH GLOBAL INC 221 UNCLE HEINIE WAY NW LYMAN HALL BUILDING ROOM 304 ATLANTA GA 30332 271010747 501(C)(3) 250000 COSTA RICA TIP PROG 7 MONITORING THE USE OF GRANT FUNDS SCHEDULE I, PART I, LINE 2 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. X true true X X X false true false true false true false false false JOHN B CARTER JR FORMER PRESIDENT/COO 284074 0 0 0 9100 0 18000 0 2700 0 313874 0 0 0 MARK W LONG SECRETARY/CFO 186166 0 100 21600 24132 231998 0 DR GP PETERSON PRESIDENT, GA TECH 0 448075 0 0 0 0 166666 173562 0 13298 166666 634935 0 0 JAMES TAYLOR CHIEF INVESTMENT OFFICER 276799 157782 100 25500 19099 479280 0 PATRICK LIU DIRECTOR OF INVESTMENTS 145042 107063 100 15625 28925 296755 0 HERBERT BRUNSWICK JR DIRECTOR, SYSTEMS & REPORTING 135187 0 100 14082 22725 172094 0 JONATHAN KARCSH DIRECTOR OF INVESTMENTS 171243 129215 100 18375 30225 349158 0 RONALD L JOHNSON TRUSTEE 0 245412 0 42801 29612 8902 0 326727 ALFREDO TRUJILLO PRESIDENT/COO 140479 0 0 11860 15000 11630 178969 0 0 HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES SCHEDULE J, PART I, LINE 1 AND LINE 2 GEORGIA TECH FOUNDATION, INC. PROVIDES ALFREDO TRUJILLO AND DR. G.P. PETERSON REIMBURSEMENT 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 THEIR W-2'S. ESTABLISHMENT OF CEO/EXECUTIVE DIRECTOR COMPENSATION SCHEDULE J, PART I, LINE 3 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. NONQUALIFIED RETIREMENT PLAN SCHEDULE J, PART I, LINE 4B Dr. G. P. Peterson, a trustee of the Georgia Tech Foundation and President of Georgia Institute of Technology (The Institute) participated in a non-qualified supplemental retirement plan. Contributions to the plan of $ 122,000 in calendar year 2013 were funded by The Institute and are included in amounts disclosed on Schedule J, Part II Column C: Deferred Compensation. Dr. Peterson also participated in a non-qualified supplemental retirement plan organized and managed by The Board of Regents for the University System of Georgia. Annual contributions under the plan are scheduled to vest in 2018. The Foundation's contribution of $166,666 made in calendar 2013 is included in amounts disclosed on Schedule J, Part II Column C: Deferred Compensation. INCENTIVE COMPENSATION SCHEDULE J, PART I, LINE 5A & 6A BONUSES ARE PAID TO INVESTMENT STAFF IF THE INVESTMENT RETURN EXCEEDS THE TARGET. SUPPLEMENTAL INFORMATION SCHEDULE J, PART II DR. G. P. PETERSON 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. PETERSON, AS REPORTED IN SCHEDULE J, PART II. A DEVELOPMENT AUTHORITY OF FULTON COUNTY 581639487 359900WR4 2009-06-11 19807439 REAL ESTATE ACQUISITION false false false B DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 359900R41 2011-11-09 37498996 REFUND A PRIOR BOND ISSUE false false false C DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 3599003ES 2012-04-11 92302322 REFUND A PRIOR BOND ISSUE false false false A 0 0 19807439 0 0 0 337545 0 0 19469895 0 0 2009 false false true true B 0 0 37498996 0 0 37025399 473597 0 0 0 0 0 2011 true false true true C 0 0 92302322 0 0 91465000 837322 0 0 0 0 0 2012 true false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true A false false true false false false 0 false 0 false false B false false false true false false 0 false 0 false false C false false false true false false 0 false 0 false false A false B false C false SCHEDULE K, PART IV, LINE 2C THE REBATE COMPUTATION WAS PERFORMED FOR BONDS B AND C IN APRIL 2014. X 143 5824392 FMV X Charitable Trusts 5 5191732 FMV X Endowment Gift - Elimination of Donor's right to 1 44455713 FMV false true false OTHER PROGRAM SERVICES FORM 990, PART III, LINE 4D GEORGIA 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. ELECTED BOARD MEMBERS FORM 990, PART VI, SECTION A, LINE 7A 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 REVIEW PROCESS FORM 900, PART VI, SECTION B, LINE 11 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. RETURN BEING FILED. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12 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. REVIEW OF OFFICER COMPENSATION FORM 990, PART VI, SECTION B, LINE 15 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. DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990, PART VI, SECTION C, LINE 19 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. BOARD MEMBER COMPENSATION Form 990, Part VII 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. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 THE AMOUNT REPORTED ON PART XI, LINE 5 CONSISTS OF THE FOLLOWING AMOUNTS: ACTUARIAL GAIN 3,312,076 INCREASE IN CASH SURRENDER VALUE 187,611 ----------- TOTAL FORM 990, PART XI, LINE 9 3,499,687 THE FIFTH STREET HOTEL LLC 760 SPRING ST NW STE 400 ATLANTA GA 30308 586043294 HOLDING COMP. 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