University System of Georgia Foundation, Inc.
The University System of Georgia Foundation, Inc. is a cooperative organization of the Board of Regents. Its mission is to advance the University System of Georgia, as a whole, consistent with the priorities determined by the Foundation's Board of Trustees. The Foundation has three goals:
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Cultivate private support for scholarships for students to attend University System of Georgia institutions.
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Serve as the administrative home for private grants awarded to University System Office staff in "R&D centers" that feature the strategic priorities of the Board of Regents and that involve multiple University System institutions.
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Provide support to the Office of the Chancellor of the University System of Georgia.
The University System of Georgia Foundation, Inc. currently provides four services:
Scholarships: The President's Choice Scholarships in an amount up to $10,000, awarded annually to each University System institution that participates in the Regents' Awards for Excellence in Education; and the Regents' Foundation Scholarships which provide full tuition and fees to students with financial hardships.
Regents' Hall of Fame and Lifetime Achievement Awards.
Funds for non-state reimbursable expenditures necessary for:
- The Chancellor to execute his duties for the Board of Regents.
- The Board of Regents in the execution of their duties.
- University System Office staff functions.
Administrative support for programmatic grants received by University System Office staff in the "R&D centers" and deposited in the Foundation, with each involving multiple University System institutions.
The University System of Georgia Foundation, Inc. was established as a nonprofit corporation under the applicable provisions of the Georgia Nonprofit Corporation Code. The corporation is a voluntary association of individuals and organizations organized exclusively for charitable purposes within the meaning of section 501(c)(3) of the Internal Revenue Code. The corporation was organized as a cooperative organization of the Board of Regents.
