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Georgia TECH Foundation INC

Public charity990-T FY2023
DBA: % MARK DELORENZO
Other · ATLANTA, GA · EIN 58-6043294
OverviewMoney InMoney OutPeopleConnected OrgsPositionsInterviewEndorsements

About

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.

In care of MARK Delorenzo

Donations are tax-deductible
Category
Other
Employees
47
Volunteers
150

Financial Snapshot

FY ending 2023-06-30
Revenue
$239.0M
Expenses
$154.1M
Assets
$3.1B
Liabilities
$577.4M

Financial history

$373.7M$186.8M$0
1617181920212223
RevenueExpenses
Latest FY2023: $239.0M · Peak FY2019: $373.7M · Avg: $237.2M

Foreign activity (Schedule F)

Total spent abroad$855.6M
Foreign employees0
Foreign offices0
Foreign partnership interestYes
Foreign trust interestNo
RegionActivitySpent
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,——
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM——
NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES——
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM——
SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR,——
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM——
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,——
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM——
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM——
NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES——

501(h) election

This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.

Political & Grant Activity

Campaign Spending
—
Lobbying
$38K
Grants Given
$58.5M
GEORGIA TECH FOUNDATION INC
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Address

760 Spring ST NW
Atlanta, GA, 30308-102

Governance

Voting board members54
Independent members53
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %6.8%
Permanent endowment %45.4%
Endowment held by related orgNo
Public records
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