Georgia Tech Foundation Inc
80% goes to programs $5 to raise $100 Strong reserves
Georgia Tech Foundation Inc is a 501(c)(3) organization based in Atlanta, Georgia, registered in 1944, with $282,847,851 in FY2023 revenue. CharityIndex grades it B+, and it directs about 80% of spending to programs.
760 Spring St Nw, Atlanta, GA, 30308 EIN 58-6043294 Since 1944
Revenue (FY2023)
$282.8M
▲ 18.4% vs prior year
Education median: $200K
Expenses (FY2023)
$157.5M
Net assets
$2.8B
Employees
52
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
B+Program efficiency40% of the rating80% to programs · $5 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Georgia Tech Foundation Inc: 80% to programs · $5 to raise $100 earns a B+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating210 mo reserves · +44% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Georgia Tech Foundation Inc: 210 mo reserves · +44% margin earns a B+ on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Georgia Tech Foundation Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Georgia Tech Foundation Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
See schedule o
What they do
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 need-based students and the georgia tech president's scholarship program, which is a scholarship program for students with exceptional merit.
Alumni association: the foundation provides funding for the georgia tech alumni association, which provides programs for georgia tech alumni and students.
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.
Contact & location
- Address
- 760 Spring St Nw, Atlanta, GA, 30308
- City
- Atlanta
- State
- Georgia
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $191.6M (FY2013) to $282.8M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $564.1MNet assets $2.8B
Operating margin
44.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.3B
Total liabilities
$564.1M
Net assets
$2.8B
Salaries & benefits
$8.9M
6% of expenses
Board members
54
53 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $282,847,851▲18.4% | $157,530,307▲2.2% | $2,751,106,655▲8.7% | $3,315,225,486▲6.7% | 990 |
| 2022 | $238,958,217▼15.8% | $154,131,742▲30.2% | $2,530,398,353▲3.5% | $3,107,757,706▲1.3% | 990 |
| 2021 | $283,884,508▲15.3% | $118,388,406▲18.7% | $2,445,847,334▼1.6% | $3,069,200,897▲0.4% | 990 |
| 2020 | $246,304,114▲87.1% | $99,723,442▲5.6% | $2,486,853,079▲38.1% | $3,057,656,645▲31.7% | 990 |
| 2019 | $131,640,518▼64.8% | $94,435,056▼28.7% | $1,801,235,425▲1.1% | $2,320,842,471▲0.2% | 990 |
| 2018 | $373,671,968▲83.7% | $132,426,625▲21.1% | $1,781,881,735▲5.2% | $2,317,147,626▲6.2% | 990 |
| 2017 | $203,383,307▲6.5% | $109,320,520▼8.5% | $1,693,346,812▲8.4% | $2,181,876,276▲5.7% | 990 |
| 2016 | $190,951,275▲44.1% | $119,429,934▲7.0% | $1,562,353,343▲12.3% | $2,063,609,702▲13.3% | 990 |
| 2015 | $132,555,414▼35.1% | $111,574,131▲4.4% | $1,391,471,899▼5.1% | $1,821,411,466▼5.0% | 990 |
| 2014 | $204,350,679▲6.6% | $106,881,933▲6.2% | $1,466,110,590▲4.5% | $1,918,013,222▲2.0% | 990 |
| 2013 | $191,644,689 | $100,624,001▼21.9% | $1,402,819,748▲17.3% | $1,881,230,235▲8.9% | 990 |
| 2012 | — | $128,764,246▲5.9% | $1,195,468,486▲6.0% | $1,727,888,372▲5.8% | 990 |
| 2011 | — | $121,631,553▲29.5% | $1,127,839,133▼3.5% | $1,632,642,419▲0.5% | 990 |
| 2010 | — | $93,911,939▼13.5% | $1,169,314,061▲17.1% | $1,625,197,936▲13.1% | 990 |
| 2009 | — | $108,628,412 | $998,414,076 | $1,436,790,967 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Brian Pellegrino — $1,520,778 (0.97% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Brian Pellegrino | Chief Investment Officer | 40 | $1,520,778 |
| Alfredo Trujillo | President & Coo | 40 | $696,256 |
| Lu Yan | Managing Director - Public Investments | 40 | $582,398 |
| Patrick Liu | Director - Private Investments | 40 | $543,594 |
| Mark Delorenzo | Cfo & Secretary | 40 | $247,303 |
| Dwight Dozier | Chief Information Officer | 40 | $240,702 |
| John Crist | Portfolio Specialist - Global Equities | 40 | $228,265 |
| Robert Thompson | Investment Officer | 40 | $225,556 |
| Chris Setzer | Controller | 40 | $180,731 |
| Cynthia Pekrul | Cfo & Secretary | 40 | $39,933 |
| Alan C Warren | Trustee | 1 | — |
| Andrea L Laliberte | Trustee | 1 | — |
| Benjamin J Tarbutton III | Trustee | 1 | — |
| Betsy Bulat | Trustee | 1 | — |
| Bird D Blitch | Trustee | 1 | — |
| Brady L Rackley III | Trustee | 1 | — |
| Christopher T Jones | Trustee | 1 | — |
| Christopher W Klaus | Trustee | 1 | — |
| David A Bottoms | Trustee | 1 | — |
| David P Rowland | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Gay Construction Company | Construction Services | $2,604,310 |
| Ideas United LLC | Marketing | $582,975 |
| Hitt Contracting | Design & Constructions | $451,033 |
| Blackbaud Inc | Software | $422,325 |
| Kpmg LLP | Audit & Tax | $399,313 |
Grants received · $104.2M total
286 grants to Georgia Tech Foundation Inc totaling $104.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $119.0M in FY2023
8 grants totaling $119.0M in FY2023. All grants made by Georgia Tech Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Georgia Institute of Technology | Scholarships, fellowships | $108,067,378 |
| Georgia Tech Athletic Association | Scholarships | $6,138,107 |
| Georgia Tech Alumni Association Inc | Alumni association | $2,977,376 |
| Georgia Tech Facilities Inc | Construction project | $1,246,267 |
| Emory University | Support | $483,279 |
| Georgia Tech Global Inc | Support | $58,000 |
| Morehouse College | Support | $51,374 |
| Brown University of Providence | Support | $7,121 |
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Compare Georgia Tech Foundation Inc
Frequently asked questions
- Is Georgia Tech Foundation Inc a legitimate nonprofit?
- Yes. Georgia Tech Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 58-6043294, based in Atlanta, Georgia. Donations are tax-deductible.
- What is Georgia Tech Foundation Inc's EIN?
- Georgia Tech Foundation Inc's Employer Identification Number (EIN) is 58-6043294.
- How much revenue does Georgia Tech Foundation Inc report?
- Georgia Tech Foundation Inc reported $282,847,851 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Georgia Tech Foundation Inc's spending goes to programs?
- Georgia Tech Foundation Inc spends about 80% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Georgia Tech Foundation Inc have?
- CharityIndex grades Georgia Tech Foundation Inc B+, based on program efficiency and fundraising cost.
- How much does Georgia Tech Foundation Inc's highest-paid employee make?
- The highest reported compensation on Georgia Tech Foundation Inc's latest Form 990 is $1,520,778, paid to Brian Pellegrino (Chief Investment Officer).
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Data for Georgia Tech Foundation Inc (EIN 58-6043294) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.