2024-05-15T11:59:39-05:00 2023-06-28 135565207 KPMG LLP 500 W 5TH ST STE 800 WINSTONSALEM NC 27101 990 2022-07-01 582587017 GEORGIA TECH FOUNDATION FUNDING CORPORATION GEOR 4048945072 760 SPRING STREET NW SUITE 400 ATLANTA GA 30308 CINDY PEKRUL CFO/SECRETARY 4048945072 2024-05-10 1 CINDY PEKRUL 999009999 1 SHAWN HUTCHINSON P01048557 3362753394 2024-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X CINDY PEKRUL 760 SPRING ST NW STE 400 ATLANTA GA 30308 537181 0 X N/A X 2001 GA SEE SCHEDULE O.TO ASSIST THE GEORGIA TECH FOUNDATION IN THE ACQUISITION OF REAL ESTATE OR OTHER PROJECTS FOR THE SUPPORT OF THE GEORGIA TECH INSTITUTE OF TECHNOLOGY. X 5 5 0 5 0 0 129884 537181 0 0 0 0 0 0 129884 537181 0 3953 0 0 0 0 0 0 0 129884 537181 129884 541134 0 -3953 12885557 0 12881604 0 3953 0 TO ASSIST THE GEORGIA TECH FOUNDATION IN THE ACQUISITION OF REAL ESTATE OR OTHER PROJECTS FOR THE SUPPORT OF THE GEORGIA TECH INSTITUTE OF TECHNOLOGY 0 0 525420 3953 GRANTS AND ALLOCATIONS MADE TO THE GEORGIA TECH FOUNDATION, INC. TO BE USED FOR RENOVATION AND CONSTRUCTION. 525420 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 GA X CINDY PEKRUL 4048945072 760 SPRING ST NW SUITE 400 ATLANTA GA 30308 GREGORY J OWENS CHAIR 1.00 2.00 X X 0 0 0 JAMES R BORDERS TREASURER 1.00 2.00 X X 0 0 0 THOMAS M HOLDER VICE CHAIR/CHAIR ELECT 1.00 2.00 X X 0 0 0 JOSEPH W EVANS DIRECTOR 1.00 2.00 X X 0 0 0 MARK C TEIXEIRA DIRECTOR 1.00 2.00 X X 0 0 0 AL TRUJILLO PRESIDENT 1.00 41.00 X 0 624400 54224 MARK V DELORENZO SECRETARY 1.00 41.00 X 0 374832 54403 0 999232 108627 0 0 1 0 0 537181 537181 537181 0 0 0 3953 3953 2354 2354 13360 13360 521467 521467 541134 525420 15714 0 3953 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12881604 0 12885557 0 12881604 0 12881604 0 X 3953 0 3953 0 12885557 0 -3953 0 X X 0 1 X 0 0 X X 1 GEORGIA TECH FOUNDATION INC 586043294 5 1 3953 0 1 3953 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 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 2023 OR 2022. 0 0 0 0 0 0 0 0 0 AL TRUJILLO PRESIDENT 0 456400 0 150000 0 18000 0 30500 0 23724 0 678624 0 0 MARK V DELORENZO SECRETARY 0 309832 0 65000 0 0 0 30500 0 23903 0 429235 0 0 PART I, LINE 3 GEORGIA TECH FOUNDATION FUNDING CORPORATION RELIED UPON GEORGIA TECH FOUNDATION, INC., A RELATED ORGANIZATION, TO ESTABLISH THE EXECUTIVE COMPENSATION, ALL OF WHICH IS PAID BY GEORGIA TECH FOUNDATION, INC. GEORGIA TECH FOUNDATION INC. RELIED UPON SEVERAL OF THE METHODS INDICATED ON SCHEDULE J, PART 1, LINE 3. ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE VOLUNTEERS FOR GEORGIA TECH FOUNDATION FUNDING CORPORATION. ONLY THE PRESIDENT AND SECRETARY OF GEORGIA TECH FOUNDATION FUNDING CORPORATION RECEIVED COMPENSATION FOR SERVICES PROVIDED TO GEORGIA TECH FOUNDATION, INC. CASH 2023-06-28 3953 FMV 586043294 GEORGIA TECH FOUNDATION INC 760 SPRING ST NM SUITE 400 ATLANTA GA 30308 501(C)(3) 1 1 0 0 1 1 1 1 0 PART I, LINE 2E: EXPLANATION OF INVOLVEMENT: ALL OFFICERS AND DIRECTORS OF GEORGIA TECH FOUNDATION FUNDING CORPORATION ARE OFFICERS AND/OR DIRECTORS OF GEORGIA TECH FOUNDATION, INC. FORM 990, PART VI, SECTION A, LINE 6 THE BOARD MEMBERS OF GEORGIA TECH FOUNDATION FUNDING CORPORATION ARE ELECTED BY THE BOARD MEMBERS OF GEORGIA TECH FOUNDATION, INC., THE SOLE MEMBER OF GEORGIA TECH FOUNDATION FUNDING CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD MEMBERS OF GEORGIA TECH FOUNDATION FUNDING CORPORATION ARE ELECTED BY THE BOARD MEMBERS OF GEORGIA TECH FOUNDATION, INC., THE SOLE MEMBER OF GEORGIA TECH FOUNDATION FUNDING CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD MEMBERS OF GEORGIA TECH FOUNDATION FUNDING CORPORATION ARE ELECTED BY THE BOARD MEMBERS OF GEORGIA TECH FOUNDATION, INC., THE SOLE MEMBER OF GEORGIA TECH FOUNDATION FUNDING CORPORATION. FORM 990, PART VI, SECTION A, LINE 8B DOCUMENTATION OF BOARD MINUTES THE BOARD OF DIRECTORS FOR GEORGIA TECH FOUNDATION FUNDING CORPORATION MEETS DURING THE GEORGIA TECH FOUNDATION, INC. EXECUTIVE COMMITTEE MEETING. DURING THE EXECUTIVE COMMITTEE MEETING, ANY DISCUSSION RELATED TO GEORGIA TECH FOUNDATION FUNDING CORPORATION IS APPROPRIATELY DOCUMENTED BY WAY OF MEETING NOTES. THE MEETING NOTES ARE THEN RETAINED FOR GEORGIA TECH FOUNDATION FUNDING CORPORATION'S RECORDS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD MEMBERS OF GEORGIA TECH FOUNDATION FUNDING CORPORATION ARE GIVEN ACCESS TO ALL GEORGIA TECH FOUNDATION FUNDING CORPORATION 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 BEFORE THE 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS AND OFFICERS OF GEORGIA TECH FOUNDATION FUNDING CORPORATION ARE ALSO TRUSTEES OR OFFICERS OF THE GEORGIA TECH FOUNDATION, INC. BOARD OF DIRECTORS. AS MEMBERS OF THE BOARD OF DIRECTORS FOR GEORGIA TECH FOUNDATION, INC., THE BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO DISCLOSE ANY CONFLICT OF INTEREST WHICH APPLIES TO BOTH GEORGIA TECH FOUNDATION, INC. AND GEORGIA TECH FOUNDATION FUNDING CORPORATION. THE AUDIT COMMITTEE OF GEORGIA TECH FOUNDATION 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 THE GEORGIA TECH FOUNDATION FUNDING CORPORATION DID NOT PAY COMPENSATION DURING THE YEAR. COMPENSATION IS PAID BY THE GEORGIA TECH FOUNDATION, INC. TO ITS EMPLOYEES WHO PERFORM SERVICES FOR THE GEORGIA TECH FOUNDATION FUNDING CORPORATION. THE COMPENSATION COMMITTEE OF THE GEORGIA TECH FOUNDATION, INC. 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, INC., 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 SENIOR STAFF. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS OF GEORGIA TECH FOUNDATION, INC. ARE POSTED TO THE GEORGIA TECH FOUNDATION, INC WEBSITE. DUE TO THE FACT THAT THE GOVERNING BODY OF GEORGIA TECH FOUNDATION FUNDING CORPORATION IS A SUB SET OF GEORGIA TECH FOUNDATION INC.'S GOVERNING BODY, GEORGIA TECH FOUNDATION INC.'S CONFLICT OF INTEREST POLICY IS APPLICABLE TO GEORGIA TECH FOUNDATION FUNDING CORPORATION. GEORGIA TECH FUNDING FOUNDATION. GEORGIA TECH FOUNDATION FUNDING CORPORATION'S ACTIVITY IS INCLUDED IN THE GEORGIA TECH FOUNDATION, INC.'S CONSOLIDATION FINANCIAL STATEMENTS, WHICH ARE POSTED TO THE GEORGIA TECH FOUNDATION, INC. WEBSITE. FORM 990, PART XII, LINE 2 AND PART IV, LINE 12 AUDITED FINANCIAL STATEMENTS THE FINANCIAL RECORDS OF THE GEORGIA TECH FOUNDATION FUNDING CORPORATION ARE INCLUDED IN THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE GEORGIA TECH FOUNDATION, INC. THE AUDIT COMMITTEE OF THE GEORGIA TECH FOUNDATION IS RESPONSIBLE FOR HIRING AN INDEPENDENT ACCOUNTANT TO CONDUCT THE AUDIT AND FOR REVIEWING THE RESULTS AND ACCEPTING THE AUDIT. GEORGIA TECH FOUNDATION INC 760 SPRING ST NM SUITE 400 ATLANTA GA 30308 586043294 FUNDRAISING GA 501(C)(3) LINE 5 N/A 0 GEORGIA TECH FOUNDATION REAL ESTATE HOLD 760 SPRING ST NM SUITE 400 ATLANTA GA 30308 581948026 REAL ESTATE GA 501(C)(2) N/A GTF 0 GEORGIA TECH CHARITABLE LIFE INC 760 SPRING ST SUITE 400 ATLANTA GA 30308 581609015 INSURANCE SERVICE GA GTF C 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0