Nonprofit · EIN 58-6333106
UNIVERSITY SYSTEM OF GEORGIA FOUNDATION INC
Tax-exempt · ATLANTA, GA 30334
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $36,081,827 | $21,443,605 | $14,638,222 | $527,074,217 | $458,187,153 | $68,887,064 |
| June 30, 2024 | 990 | $29,321,726 | $20,484,259 | $8,837,467 | $542,098,595 | $488,158,466 | $53,940,129 |
| June 30, 2023 | 990 | $33,374,446 | $20,233,596 | $13,140,850 | $561,632,614 | $517,181,549 | $44,451,065 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $9,099,089
- Program service revenue
- $23,262,805
- Investment income
- $3,436,190
- Net gain from sales of assets
- $500,750
- Net income from fundraising events
- -$206,744
- Tax-exempt bond proceeds
- $30,003
- Other revenue
- $283,743
Expenses
- Grants and similar amounts paid
- $5,561,510
- Compensation of officers, directors and key employees
- $249,862
- Other salaries and wages
- $361,969
- Salaries, compensation and benefits (total)
- $730,354
- Professional fundraising fees
- $0
- Legal fees
- $53,328
- Accounting fees
- $162,154
- Travel
- $56,574
- Program services (functional)
- $20,645,708
- Management and general (functional)
- $342,285
- Fundraising (functional)
- $455,612
Balance sheet and other
- Total assets, start of year
- $542,098,595
- Total assets, end of year
- $527,074,217
- Total liabilities, end of year
- $458,187,153
- Net assets, end of year
- $68,887,064
- Publicly traded securities
- $9,123,674
- Net assets without donor restrictions
- $56,974,904
- Net assets with donor restrictions
- $11,912,160
- Gross receipts
- $36,204,496
- Employees
- 4
- Volunteers
- 30
- Year formed
- 1995
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTINA PALOSKI | ASST VICE CHANCELLOR FOR DEV Officer | 40 | $138,671 | $10,923 |
| SCOTT BRYANT | CEO & VICE CHANCELLOR FOR DEV Officer | 20 | $79,693 | $22,028 |
| CADE JOINER | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ELIZABETH A TERRELL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JULIE SMITH | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| NEIL L PRUITT JR | PRESIDENT USGREF MANAGER, LLC Trustee or director, Officer | 2 | $0 | $0 |
| T DALLAS SMITH | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| TY SMITH | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ANDY MACKE | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| CHANCELLOR SONNY PERDUE | EX-OFFICIO Trustee or director | 0.5 | $0 | $0 |
| CHRISTINE BOUCHER | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| COURTNEY I SMITH | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| DONALD LEEBERN III | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| GEORGE BROOKS | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JAMES K SYFAN III | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEB STEWART | TRUSTEE Trustee or director | 0.5 | $0 |
| JOHN J NEELY III | TRUSTEE Trustee or director | 0.5 | $0 |
| KELLY LOEFFLER | TRUSTEE Trustee or director | 0.5 | $0 |
| M BRIAN BLAKE | TRUSTEE Trustee or director | 0.5 | $0 |
| MALCOLM SMITH | TRUSTEE Trustee or director | 0.5 | $0 |
| OLGA SULYAGINA | TRUSTEE Trustee or director | 0.5 | $0 |
| RICH JOHNSON | TRUSTEE Trustee or director | 0.5 | $0 |
| SARAH-ELIZABETH LANGFORD | TRUSTEE Trustee or director | 0.5 | $0 |
| TEDDY RUSSELL | IMMEDIATE PAST CHAIR Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KIRBY A THOMPSON | CEO/VICE CHANCELLOR FOR DEVELOPMENT Officer | 40 | $154,547 | $27,746 |
| CHRISTINA PALOSKI | ASST VICE CHAN FOR DEVELOPMENT Officer | 40 | $133,773 | $12,557 |
| CADE JOINER | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ELIZABETH A TERRELL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| T DALLAS SMITH | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| TY SMITH | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| NEIL L PRUITT JR | PRESIDENT USGREF MANAGER, LLC Trustee or director, Officer | 2 | $0 | $0 |
| TEDDY RUSSELL | IMMEDIATE PAST CHAIR Trustee or director | 0.5 | $0 | $0 |
| M BRIAN BLAKE | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| CHRISTINE BOUCHER | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| GEORGE BROOKS | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| RICH JOHNSON | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| SARAH-ELIZABETH LANGFORD | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| DONALD LEEBERN | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| KELLY LOEFFLER | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| ANDY MACKE | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JOHN J NEELY III | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| COURTNEY SMITH | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JULIE SMITH | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MALCOLM SMITH | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JAMES K SYFAN III | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| SCOTT BRYANT | CEO/VICE CHANCELLOR FOR DEVELOPMENT Officer | 40 | $0 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTINA PALOSKI | ASST VICE CHAN FOR DEVELOPMENT Officer | 40 | $115,974 | $10,696 |
| KIRBY A THOMPSON | VICE CHANCELLOR FOR DEVELO Officer | 40 | $101,009 | $7,441 |
| TEDDY RUSSELL | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CADE JOINER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TY SMITH | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ELIZABETH A TERRELL | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| NEIL L PRUITT JR | PRESIDENT USGREF MANAGER, Trustee or director, Officer | 0.5 | $0 | $0 |
| GEORGE BROOKS | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| STEVE L KRUGER | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| SARAH-ELIZABETH LANGFORD | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| DONALD LEEBERN III | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| M BRIAN BLANK | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| COURTNEY I SMITH | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| T DALLAS SMITH | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JAMES K SYFAN III | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 270 WASHINGTON ST SW 6020, ATLANTA, GA 30334-9056
- Principal officer (990 for 2024)
- Scott Bryant, 270 Washington St SW 6020, Atlanta, GA 30334
- Signed the 990
- Scott Bryant, CEO & Vice Chancellor for Dev
- Phone
- (404) 962-3047
- Website
- www.usgfoundation.org
- Return prepared by
- Mauldin & Jenkins LLC
Mission
The mission of the University System of Georgia Foundation, a cooperative organization of the Board of Regents, is to support and advance the work of the University System of Georgia consistent with the University System's Strategic Plan.
Program accomplishments
- Real Estate Support: The USG Foundation, in partnership with the University System of Georgia Board of Regents, facilitates financing of capital improvement projects and new facilities at USG institutions. We provide below-market lease terms to finance construction, renovation, or expansion of facilities. USG Foundation also provides refinancing of existing debt through tax-exempt bond financing. These partnerships result in reduced student fees, increased building efficiencies, and enhanced risk management for institutions across our portfolio.Expenses $18,004,471 · grants $3,201,521 · revenue $23,262,805
- Scholarships And Awards: USG Foundation provides scholarship funds to all USG institutions so that they can offer needs-based scholarships to qualified students. Additionally, the USG Foundation annually provides monetary awards to outstanding faculty selected by the USG Department of Academic Affairs.Expenses $2,113,211 · grants $2,113,211
- The USG Foundation is committed to strengthening public institutions of higher learning across Georgia. Through capacity building grants and professional development opportunities, the Foundation bolsters the efforts of institutions and programs to improve their efficiency, increase their impact, and plan for the future.Expenses $528,026 · grants $246,778
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 58-6333106
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $527,074,217
- Income (IRS master file)
- $36,204,496
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $36,081,827 | $21,443,605 | $527,074,217 | IRS |
| 990 | June 2024 | $29,321,726 | $20,484,259 | $542,098,595 | IRS |
| 990 | June 2023 | $33,374,446 | $20,233,596 | $561,632,614 | XML |
| 990 | June 2022 | $27,810,587 | $17,684,273 | $553,443,159 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-6333106).
Questions about UNIVERSITY SYSTEM OF GEORGIA FOUNDATION INC
- What is the EIN of UNIVERSITY SYSTEM OF GEORGIA FOUNDATION INC?
- The employer identification number (EIN) of UNIVERSITY SYSTEM OF GEORGIA FOUNDATION INC is 58-6333106.
- Is UNIVERSITY SYSTEM OF GEORGIA FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to UNIVERSITY SYSTEM OF GEORGIA FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNIVERSITY SYSTEM OF GEORGIA FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UNIVERSITY SYSTEM OF GEORGIA FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNIVERSITY SYSTEM OF GEORGIA FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of UNIVERSITY SYSTEM OF GEORGIA FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names Scott Bryant.
- Who are the officers and directors of UNIVERSITY SYSTEM OF GEORGIA FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 24 people; 2 received compensation from the organization, the highest $138,671 (CHRISTINA PALOSKI, ASST VICE CHANCELLOR FOR DEV).
- How much revenue does UNIVERSITY SYSTEM OF GEORGIA FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $36,081,827, expenses of $21,443,605 and total assets of $527,074,217 at year end.
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