2024-05-15T12:01:01-05:00 2023-06-30 135565207 KPMG LLP 500 W 5TH STREET SUITE 800 WINSTONSALEM NC 27101 990 2022-07-01 586043294 GEORGIA TECH FOUNDATION INC GEOR 4048945072 760 SPRING ST NW STE 400 ATLANTA GA 30308 CINDY PEKRUL CFO/SECRETARY 4048945072 2024-05-15 1 CINDY PEKRUL 999009999 1 SHAWN HUTCHINSON P01048557 3362753394 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CINDY PEKRUL 760 SPRING ST NW STE 400 ATLANTA GA 30308 1365862092 0 X WWW.GTF.GATECH.EDU X 1932 GA SEE SCHEDULE O 54 53 47 150 9152908 381002 100942019 120666538 773490 698475 177362548 109927322 4806451 7665882 283884508 238958217 82153011 114336517 0 0 7641612 8344720 0 0 6985002 28593783 31450505 118388406 154131742 165496102 84826475 3069200897 3107757706 623353563 577359353 2445847334 2530398353 X SEE SCHEDULE O 0 0 58532238 58532238 698475 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. 38181761 38181761 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. 2789325 2789325 ALUMNI ASSOCIATION: THE FOUNDATION PROVIDES FUNDING FOR THE GEORGIA TECH ALUMNI ASSOCIATION, WHICH PROVIDES PROGRAMS FOR GEORGIA TECH ALUMNI AND STUDENTS. 23391549 14833193 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. 23391549 14833193 122894873 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 0 1 35 0 1 47 1 1 1 0 0 0 0 1 1 0 0 0 0 1 0 X 54 53 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X CINDY PEKRUL 4048945072 760 SPRING ST NW STE 400 ATLANTA GA 30308 X DR ANGEL CABRERA PRESIDENT GA INSTITUTE OF 1.00 40.00 X 0 669145 358427 GREGORY J OWENS CHAIR 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 JAMES R BORDERS TREASURER 1.00 2.00 X X 0 0 0 JOSEPH W EVANS PAST CHAIR 1.00 2.00 X X 0 0 0 RODNEY C ADKINS TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL K ANDERSON TRUSTEE 1.00 0.00 X 0 0 0 PAMELA W ARLOTTO TRUSTEE 1.00 0.00 X 0 0 0 LAURIE D BAGLEY TRUSTEE 1.00 0.00 X 0 0 0 KELLY H BARRETT TRUSTEE 1.00 0.00 X 0 0 0 DAVID A BOTTOMS TRUSTEE 1.00 0.00 X 0 0 0 PAUL J BROWN TRUSTEE 1.00 0.00 X 0 0 0 BETSY BULAT TRUSTEE 1.00 0.00 X 0 0 0 FRANCES L CASHMAN TRUSTEE 1.00 0.00 X 0 0 0 KARL F DASHER TRUSTEE 1.00 0.00 X 0 0 0 MARIO M DE LA GUARDIA JR TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN M DEEDY TRUSTEE 1.00 0.00 X 0 0 0 JAMES O ETHEREDGE TRUSTEE 1.00 0.00 X 0 0 0 THOMAS A FANNING TRUSTEE 1.00 0.00 X 0 0 0 DAVID D FLANAGAN TRUSTEE 1.00 0.00 X 0 0 0 D FORT FLOWERS JR TRUSTEE 1.00 0.00 X 0 0 0 J LOUIS FOUTS TRUSTEE 1.00 0.00 X 0 0 0 SHELDON J FOX TRUSTEE 1.00 0.00 X 0 0 0 LARA O HODGSON TRUSTEE 1.00 0.00 X 0 0 0 ELAINE H JOHNS TRUSTEE 1.00 0.00 X 0 0 0 CHRISTOPHER T JONES TRUSTEE 1.00 0.00 X 0 0 0 CHRISTOPHER W KLAUS TRUSTEE 1.00 0.00 X 0 0 0 ANDREA L LALIBERTE TRUSTEE 1.00 0.00 X 0 0 0 WONYA Y LUCAS TRUSTEE 1.00 0.00 X 0 0 0 JOHN S MARKWALTER JR TRUSTEE 1.00 0.00 X 0 0 0 JOHN M MCKENNEY TRUSTEE 1.00 0.00 X 0 0 0 ROBERT A MILTON TRUSTEE 1.00 0.00 X 0 0 0 DEBORAH A NASH TRUSTEE 1.00 0.00 X 0 0 0 THOMAS E NOONAN TRUSTEE 1.00 0.00 X 0 0 0 SHANTAN R PESARU TRUSTEE 1.00 0.00 X 0 0 0 BRADY L RACKLEY III TRUSTEE 1.00 0.00 X 0 0 0 MAGD M RIAD TRUSTEE 1.00 0.00 X 0 0 0 CARL D RING TRUSTEE 1.00 0.00 X 0 0 0 FRANCES G ROGERS TRUSTEE 1.00 0.00 X 0 0 0 DAVID P ROWLAND TRUSTEE 1.00 0.00 X 0 0 0 RICARDO SALGADO TRUSTEE 1.00 0.00 X 0 0 0 RONDA R SIDES TRUSTEE 1.00 0.00 X 0 0 0 TERESA M SMITH TRUSTEE 1.00 0.00 X 0 0 0 ROBERT N STARGEL JR TRUSTEE 1.00 0.00 X 0 0 0 FREDERICO M STUBBE TRUSTEE 1.00 0.00 X 0 0 0 WENDI C STURGIS TRUSTEE 1.00 0.00 X 0 0 0 BENJAMIN J TARBUTTON III TRUSTEE 1.00 0.00 X 0 0 0 MARK C TEIXEIRA TRUSTEE 1.00 2.00 X 0 0 0 KAREN C THURMAN TRUSTEE 1.00 0.00 X 0 0 0 ALAN C WARREN TRUSTEE 1.00 0.00 X 0 0 0 JOHN R WELLS TRUSTEE 1.00 0.00 X 0 0 0 JOHN A WHITE III TRUSTEE 1.00 0.00 X 0 0 0 GLENN T WRIGHT TRUSTEE 1.00 0.00 X 0 0 0 S BRENT ZELNAK TRUSTEE 1.00 0.00 X 0 0 0 ALFREDO TRUJILLO PRESIDENT & COO 40.00 0.00 X 624400 0 54224 MARK DELORENZO CFO & SECRETARY 40.00 0.00 X 374832 0 54403 BRIAN PELLEGRINO CHIEF INVESTMENT OFFICER 40.00 0.00 X 1343187 0 31274 LU YAN MANAGING DIRECTOR - DIVERSIFYING STRATEGIES 40.00 0.00 X 591306 0 44339 PATRICK LIU MANAGING DIRECTOR - PRIVATE INVESTMENTS 40.00 0.00 X 493834 0 59892 DWIGHT DOZIER CHIEF INFORMATION OFFICER 40.00 0.00 X 228260 0 38452 ROBERT THOMPSON PORTFOLIO MANAGER - REAL ESTATE/ENERGY 40.00 0.00 X 221635 0 24370 JOHN CRIST MANAGER - RISK AND ASSET ALLOCATION 40.00 0.00 X 218308 0 41068 4095762 669145 706449 19 0 1 0 BNY MELLON PO BOX 392006 PITTSBURGH PA 15251 CUSTODIAL BANK 2328803 IDEAS UNITED LLC 750 GLENWOOD AVE SE STE 330 ATLANTA GA 30316 MARKETING 1728588 BLACKBAUD INC 65 FAIRCHILD ST CHARLESTON SC 29492 SOFTWARE 393795 PROPERTY TAX CONSULTANTS 2030 MAIN ST NW 212 ATLANTA GA 30318 CONSULTING 341962 KPMG LLP PO BOX 120608 DALLAS TX 75312 AUDIT & TAX 326815 16 3953 120662585 23772342 120666538 INVESTMENT FEE INCOME 900099 678035 678035 COST RECOVERIES 900099 20440 20440 698475 22770789 6364375 16406414 941055 941055 24959740 16510495 21023446 13721962 3936294 2788533 6724827 2788533 3936294 1179315000 1092158467 87156533 87156533 87156533 238958217 698475 9152908 108440296 114336517 114336517 2390577 2390577 4747462 4747462 428557 428557 456482 456482 321642 321642 36117 36117 174034 38225 135809 323508 323508 38016 38016 10132767 10132767 2332880 284633 2048247 1517929 144601 1193677 179651 324309 324309 164086 738 163348 6559266 3264732 541511 2753023 4381949 4381949 277253 267293 9960 229045 138169 90876 REIMBURSEMENT TO GT 4122549 70221 4052328 MISCELLANEOUS 448859 448859 INCOME TAXES 387938 387938 154131742 122894873 24251867 6985002 28116048 19589282 84699395 106408352 19375986 23124646 541655 1300413 262611983 36405713 230344661 226206270 62514164 139645347 2495989377 2459166854 147619611 132316542 3069200897 3107757706 30753268 34888607 10954157 8966764 88057220 80033788 296859438 258409487 196729480 195060707 623353563 577359353 X 348375577 362020019 2097471757 2168378334 2445847334 2530398353 3069200897 3107757706 X 84826475 -1499782 1224326 X 0 1 X 1 0 X 105065128 71925865 100715385 100942019 120662585 499310982 105065128 71925865 100715385 100942019 120662585 499310982 54134101 445176881 55314424 43923867 58660296 56150003 42869856 256918446 775464 703017 6442047 1599500 8084148 17604176 773833604 0.57530 0.59040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 38016 0 0 38016 0 PART II-B, LINE 1: 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. 3760971 X X 0 1949286073 33982848 72872813 79403032 1976738702 2016500946 43225310 -40757075 69683108 1949286073 1461135121 59768038 560190809 64593022 2016500946 1455035486 42942092 23892792 60735249 1461135121 1376814943 50662983 85887311 58329751 1455035486 0.06800 0.45400 0.47800 0 0 68743953 68743953 82650000 94169028 35471542 141347486 17049002 934171 16114831 226206270 MANAGED PERPETUAL TRUSTS 806385 F CHARITABLE GIFT ANNUITY 15177882 F INVESTMENT POOL FUNDS 2443112587 F CREATE-X INVESTMENTS 70000 F 2459166854 PAYABLE/GUARANTEE TO AFFILIATE 162254068 LIFE INCOME INTEREST 21416639 LINES OF CREDIT 11390000 195060707 X 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. 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. 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. 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, INVESTMENTS 786867000 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM INVESTMENTS 61447000 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES INVESTMENTS 7254000 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM FUNDRAISING 6475 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, FUNDRAISING 645 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM PROGRAM SERVICES PROGRAMS 35299 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, PROGRAM SERVICES RESEACH COLLABORATION 881 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM PROGRAM SERVICES RESEACH COLLABORATION 1169 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM PROGRAM SERVICES SYMPOSIUMS/CONFERENCES 507 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES PROGRAM SERVICES SYMPOSIUMS/CONFERENCES 2814 0 0 0 0 0 0 855612469 3321 855615790 1 0 1 1 1 0 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. 1 GEORGIA TECH ALUMNI ASSOCIATION 190 NORTH AVENUE ATLANTA GA 30313 580634853 501(C)(3) 2789325 0 ALUMNI ASSOCIATION GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE ATLANTA GA 30332 586002023 GOVT 97218459 0 SCHOLARSHIPS, FELLOWSHIPS GEORGIA TECH FACILITIES INC 225 NORTH AVENUE ATLANTA GA 30332 521442293 501(C)(3) 753733 0 CONSTRUCTION PROJECT GEORGIA TECH FOUNDATION FUNDING CORPORATION 760 SPRING ST NW STE 400 ATLANTA GA 30308 582587017 501(C)(3) 537181 0 CAPITAL PROJECTS GEORGIA TECH ATHLETIC ASSOCIATION 150 BOBBY DODD WAY ATLANTA GA 30332 580622514 501(C)(3) 13500000 0 SCHOLARSHIPS GEORGIA TECH GLOBAL INC 221 UNCLE HEINIE WAY NW LYMAN HALL BLDG RM 304 ATLANTA GA 303320257 271010747 501(C)(3) 75000 0 SUPPORT 6 PART I, LINE 2: 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. X 1 1 X X X 0 0 0 1 0 1 0 1 0 BRIAN PELLEGRINO CHIEF INVESTMENT OFFICER 603187 0 740000 0 0 0 30500 0 774 0 1374461 0 0 0 DR ANGEL CABRERA PRESIDENT GA INSTITUTE OF 0 623030 0 0 0 46115 0 328182 0 30245 0 1027572 0 0 ALFREDO TRUJILLO PRESIDENT & COO 456400 0 150000 0 18000 0 30500 0 23724 0 678624 0 0 0 LU YAN MANAGING DIRECTOR - DIVERSIFYING STR 287603 0 303703 0 0 0 30500 0 13839 0 635645 0 0 0 PATRICK LIU MANAGING DIRECTOR - PRIVATE INVESTME 243136 0 250698 0 0 0 25155 0 34737 0 553726 0 0 0 MARK DELORENZO CFO & SECRETARY 309832 0 65000 0 0 0 30500 0 23903 0 429235 0 0 0 DWIGHT DOZIER CHIEF INFORMATION OFFICER 223260 0 5000 0 0 0 23038 0 15414 0 266712 0 0 0 JOHN CRIST MANAGER - RISK AND ASSET ALLOCATION 129067 0 89241 0 0 0 11993 0 29075 0 259376 0 0 0 ROBERT THOMPSON PORTFOLIO MANAGER - REAL ESTATE/ENER 130985 0 90650 0 0 0 13369 0 11001 0 246005 0 0 0 PART I, LINE 1A HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES GEORGIA TECH FOUNDATION, INC. PROVIDES REIMBURSEMENT TO ALFREDO TRUJILLO SOCIAL CLUB. THE BUSINESS EXPENSES ARE SUBSTANTIATED. THE DUES ARE ALSO FOR THE BUSINESS EXPENSES AND THE DUES RELATED TO THEIR MEMBERSHIP IN A 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 I, LINE 7: CERTAIN BONUSES ARE PAID TO LEADERSHIP BASED ON DISCRETION OF THE COMPENSATION COMMITTEE. 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. A DEVELOPMENT AUTH OF FULTON COUNTY SERIES 2011A 581639487 359900R41 2011-11-09 37498996 REFUND A 2001 PRIOR BOND ISSUE 0 0 0 B DEVELOPMENT AUTH OF FULTON COUNTY SERIES 2017B 581506878 36005FAMT 2017-12-21 90654780 REFUND PORTION OF 2011A AND 2012A 0 0 0 A 37498996 473597 37025339 2011 1 0 1 1 B 90654780 750886 89903894 2017 0 1 1 1 A 0 0 1 1 0 0 0 0 B 0 0 1 1 0 0 0 0 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 0 SCHEDULE K, PART IV, LINE 2C: THE REBATE COMPUTATION WAS PERFORMED FOR BOND A ON APRIL 21, 2014; FOR BOND B 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. X 138 23407342 FMV X 1 365000 FMV 0 1 0 FORM 990, PART I, LINE 1 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. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION 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. 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 429,310. INCREASE IN CASH SURRENDER VALUE 795,016. FIFTH STREET HOTEL LLC 760 SPRING ST NW STE 400 ATLANTA GA 30308 586043294 HOLDING CORP. GA 22002404 37018953 GTF INC TECHNOLOGY SQUARE LLC 760 SPRING ST NW STE 400 ATLANTA GA 30308 586043294 HOLDING CORP. GA 8153891 113568500 GTF INC CYPRESS ACADEMY LLC 760 SPRING ST NW STE 400 ATLANTA GA 30308 263042898 HOLDING CORP. GA 12305 4908109 GTF INC GEORGIA TECH FOUNDATION PROPERTIES LLC 760 SPRING ST NW STE 400 ATLANTA GA 30308 586043294 REAL ESTATE GA 0 3625693 GTF INC 70 4TH STREET LLC 760 SPRING ST NW STE 400 ATLANTA GA 30308 830838727 REAL ESTATE GA 0 1516887 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 5126670 54485359 GTF INC GTF 1052 LLC 760 SPRING ST NW STE 400 ATLANTA GA 30308 815360579 HOLDING CORP. DE -2856697 41903249 GTF INC GTF ATC LLC 760 SPRING ST NW STE 400 ATLANTA GA 30308 586053294 HOLDING CORP. GA 3785795 47444731 GTF INC 665 MARIETTA LLC 760 SPRING ST NW STE 400 ATLANTA GA 30308 586043294 HOLDING CORP. GA 128344 36437762 GTF INC GTF MEANS STREET LLC 760 SPRING ST NW STE 400 ATLANTA GA 30308 586043294 HOLDING CORP. GA 10452 603661 GTF INC 600 MEANS STREET LLC 760 SPRING ST NW STE 400 ATLANTA GA 30308 586043294 HOLDING CORP. GA 200 200 GTF INC GTF VENTURES LLC 760 SPRING ST NW STE 400 ATLANTA GA 30308 586043294 HOLDING CORP. GA 0 599369 GTF INC GEORGIA TECH FOUNDATION FUNDING CORP 760 SPRING ST NW SUITE 400 ATLANTA GA 30308 582587017 FINANCING GA 501(C)(3) 12A GTF INC 1 GEORGIA TECH FOUND REAL ESTATE HOLDING COMPANY 760 SPRING ST NW SUITE 400 ATLANTA GA 30308 581948026 REAL ESTATE GA 501(C)(3) N/A GTF INC 1 GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE ATLANTA GA 30332 586002023 EDUCATION GA N/A N/A N/A 0 CHARITABLE REMAINDER UNITRUSTS (30) 760 SPRING STREET NW SUITE 400 ATLANTA GA 30308 TRUST GA T 1 CHARITABLE REMAINDER ANNUITY TRUSTS (1) 760 SPRING STREET NW SUITE 400 ATLANTA GA 30308 TRUST GA T 1 GTF POOLED INCOME FUND 760 SPRING STREET NW SUITE 400 ATLANTA GA 30308 586093829 TRUST GA T 1 GEORGIA TECH CHARITABLE LIFE INC 760 SPRING STREET NW SUITE 400 ATLANTA GA 30308 581609015 INSURANCE SER GA C 1 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 GEORGIA TECH FOUNDATION FUNDING CORPORATION B 537181 FMV