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:

1. Cultivate private support for scholarships for students to attend University System of Georgia institutions.

2. 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.

3. 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:

1. 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.

2. Regents' Hall of Fame and Lifetime Achievement Awards.

3. Funds for non-state reimbursable expenditures necessary for:

   1. The Chancellor to execute his duties for the Board of Regents.
   2. The Board of Regents in the execution of their duties.
   3. University System Office staff functions.

4. 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.