GEORGIA TECH FOUNDATION INC
Mission Statement
The mission of the Georgia Tech Foundation is to foster and manage gifts in support of the Georgia Institute of Technology's academic excellence. The foundation manages donations to support the university, enhancing its role as a leading educational and research institution and helping it achieve its goals, such as developing leaders who advance technology and improve the human condition. Primary mission: To foster and manage gifts given in support of the Georgia Institute of Technology's academic excellence. Purpose: To support and enhance Georgia Tech as a leading educational and research institution. Method: By receiving and managing financial donations and gifts to assist the university.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
79.7% | 87.4% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
15.7% | 10.5% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
4.5% | 1.3% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
197.0 mo | 20.3 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
18.6% | 27.0% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
50.5% | 84.6% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-15.8% | -2.0% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
30.2% | 5.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
35.5% | 1.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $239.0M | $154.1M | $2530.4M | 79.7% | 47 |
| 2022 | $283.9M | $118.4M | $2445.8M | 74.8% | 47 |
| 2021 | $246.3M | $99.7M | N/A | — | 41 |
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