GENERAL INFORMATION

GEORGIA TECH FOUNDATION, INC.

The Georgia Tech Foundation was chartered in 1932 to “promote in various ways the cause of higher education in the state of Georgia; to raise and receive funds for the support and enhancement of the Georgia Institute of Technology; and to aid the Georgia Institute of Technology in its development as a leading educational institution.” It is a nonprofit corporation that receives, administers, and distributes virtually all contributions made in support of the Georgia Institute of Technology. It has been certified by the Internal Revenue Service of the United States and the Department of National Revenue-Taxations of Canada as a tax-exempt organization.

The Board of Trustees of the Foundation is composed of up to 45 elected individuals distinguished by success in their chosen professions and their long-time interest in, service to, and support of the Institute. In addition to the elected trustees, voting ex-officio members include the president of the Georgia Institute of Technology, the chair of the Georgia Tech Advisory Board, and the chair, chair-elect, and immediate past chair of the Alumni Association. The trustees are elected to four-year terms and may be elected to serve no more than two consecutive full terms on the Board. Forty-six trustees emeriti continue to advise the Foundation and actively support the Institute.

The office of the Foundation is located in Technology Square at 760 Spring Street NW. The endowment of the Foundation as of June 30, 2008, had a market value of $1.274 billion. The Foundation supports recruitment and support of students, acquisition of facilities and equipment, recruitment and support of faculty, academic program initiatives, and various other special projects.