About the Foundation

Raising funds, building relationships

The Regents’ Annual Event

In 2003, the University System of Georgia Foundation, Inc. established the Regents’ Awards for Excellence in Education to recognize the contributions and achievements of its students, faculty, alumni and supporters. Each year at this prestigious event, the University System of Georgia Foundation Board presents the Regents’ Hall of Fame Awards and the McMillan Lifetime Achievement Award to honor faculty and alumni of the University System of Georgia. The event also raises funds to support the work of the University System and provide merit- and need-based scholarships for students attending USG colleges and universities.

Today, the event is known as the Regents’ Scholarship Gala to align more closely with the purpose of the event. Every year this event boasts a tremendous gathering of representatives from our colleges and universities, institutional foundations, distinguished faculty and administrators, state and federal elected leaders, public and private supporters of public higher education in Georgia. They come to support the scholarship program and to honor our award recipients in the following categories:

The 2017 Regents’ Scholarship Gala was held at the St. Regis Atlanta on March 31, 2017.

Corporate Partnerships

As state dollars available for higher education continue to diminish, never has academic achievement, need based financial aid, and private support of higher education been so vital to the future of Georgia.

The corporate and philanthropic communities have been exceedingly generous in their support of the Regents’ annual event, USG special initiatives and scholarships programs. Through their support, the Foundation was able to award more than $1 million in 2015 and 2016 and provide support to the University System to advance its work in educating more than 310,000 students.

If you would like to support higher education in Georgia, you can do so in a number of ways.

For more information, contact the USG Foundation Executive Director at 404-962-3057 or candace.sommer@usg.edu

Facilitating financing of capital improvement projects at USG institutions

On October 15, 2008, the University System of Georgia Foundation, Inc. formed the USG Real Estate Foundation, LLC with the USG Foundation as the sole member. The USG Real Estate Foundation, LLC was formed for the purpose of constructing projects and renting the projects to colleges and universities within the University System of Georgia on real estate owned by the Board of Regents of the University System of Georgia. Subsequently, USG Real Estate Foundation II, LLC and Real Estate Foundation III, LLC were formed for the same purpose.

To date, fifteen projects on thirteen campuses totaling $317 million have been financed through the USG Real Estate Foundations.

  • Bainbridge State College
  • College of Coastal Georgia
  • Columbus State University
  • Dalton State College
  • Darton State College
  • East Georgia State College
  • Fort Valley State University
  • Gainesville State College
  • Georgia College & State University (2 projects)
  • Georgia State University
  • Savannah State University
  • Kennesaw State University
  • University of West Georgia

Read more about these construction projects.

Providing financial management services for USG programs and private grants held in the Foundation

The USG Foundation provides professional, financial and administrative services to the Office of the Chancellor, the Board of Regents, the USG system office and institutions to advance the work of the University System as a whole.

Fund accounts fall in to four categories:

  1. Grants: The USG Foundation serves as the administrative home for private grants awarded to University System Office staff or education agency partners. All grant awards must feature the strategic priorities of the Board of Regents and involve or affect multiple University System institutions. Grants currently held in the Foundation are

    • The Coca-Cola Foundation to support Walk Georgia and Georgia Shape
    • Hispanic and Latino College Completion from The Goizueta Foundation
  2. Scholarships: Funds raised through the Regents’ annual event are designated for the Regents’ Scholarship Fund and the USGF Corpus. The proceeds have been used to fund need-based scholarships for students attending all USG institutions. Read More about scholarships »

  3. USG Discretionary Accounts: The USG Foundation provides financial and administrative services for USG accounts that are privately funded. Currently, the Foundation provides financial management of the fund accounts of:

    • The Office of the Chancellor - Discretionary Funds used to advance the work of the University System of Georgia
    • The Board of Regents – Donated funds to defray the costs of Board of Regents and Special Committee meetings
    • Georgia Public Library System - Private funding received to support the library programs
    • Library Services - Private funding received to support the work of Library Services
  4. Special Programs and Initiatives: The USG Foundation provides financial and administrative services for special accounts designated for special initiatives. Current initiatives for which the Foundation provides services are:

    • The Georgia State Charitable Giving Campaign – Coordinating funds raised by the USG Atlanta and Athens Central Offices to benefit the USG Foundation and all eligible charities in the statewide campaign.