University System of Georgia Foundation, Inc. USGF FY2005 Annual Report BOARD OF TRUSTEES UNIVERSITY SYSTEM OF GEORGIA FOUNDATION, INC.

EXECUTIVE COMMITTEE MEMBERS

J. Timothy Shelnut Hilton H. Howell, Jr. F r a n k R o s Thomas C. Meredith (USGF Chairman) (USGF Vice Chairman) (USGF Secretary & Treasurer) Chancellor (Ex Officio) Four Seasons Securities Atlantic American Corporation The Coca-Cola Company University System of Georgia P.O. Box 211688 President & CEO Assistant V.P., Latin Affairs 270 Washington Street, SW Augusta, GA 30917 4370 Peachtree Rd., N.E. P.O. Box 1734 Room 7028 Phone: 706-868-1688 Atlanta, GA 30319 Atlanta, GA 30301 Atlanta, GA 30334 Fax: 706-868-1690 Phone: 404-266-5505 Phone: 404-676-2181 Phone: 404-816-0813 Fax: 404-266-8107 Fax: 404-515-7939 Term Ends: 2006 Term Ends: 2006 Term Ends: 2006

Board Members

Hugh A. Carter, Jr. Juanita Powell Baranco Shannon L. Amos L e e B u r g e Darby Printing Baranco Automotive Group Civic Leader Retired Chairman 6215 Purdue Drive Co-Owner & Executive VP 3412 Knollwood Drive NW Equifax Atlanta, GA 30336 4355 Hwy 78 Atlanta, GA 30305 P.O. Box 4081 Phone: 404-344-2665 Lilburn, GA 30047 Phone: 404-816-0813 Atlanta, GA 30302 Fax: 404-346-3332 Phone: 770-985-3333 Phone: 404-760-3770 Fax: 770-985-3302 Fax: 404-888-5088 Term Ends: 2006 Term Ends: 2005 Term Ends: 2006 Term Ends: 2006

Donald M. Leebern, Jr. B e n H a r r i s Georgia Crown Distributing Co Vice President - Land 100 Georgia Crown Drive Georgia Power Company McDonough, GA 30253 241 Ralph McGill Blvd., Bin 10151 Phone: 770-302-3000 Atlanta, GA 30308 Fax: 770-302-3109 Phone: 404-506-2406 Fax: 404-506-2488 Term Ends: 2006 Term Ends: 2005

Part-time Staff

Jan Kettlewell Sara Connor Debbie Lasher, CPA Roxanne Revak Executive Director Asst. Executive Director Accountant Asst. Secretary & Asst. Treasurer USG Foundation, Inc USG Foundation, Inc USG Foundation, Inc. USG Foundation, Inc. P.O. Box 38001 P.O. Box 38001 P.O. Box 38001 P.O. Box 38001 Atlanta, GA 30334 Atlanta, GA 30334 Atlanta, GA 30334 Atlanta, GA 30334 Phone: 404-656-2261 Phone: 404-463-1745 Phone: 404-657-4955 Fax: 404-657-0336 Fax: 404-657-0336 Fax: 404-463-2032 University System of Georgia Foundation, Inc. (USGF) Annual Report 2004-2005 Advance

The University System of Georgia Foundation, Inc. will support the University System of Georgia with the following strategic goals and actions:

n Recognize excellence through the distribution of scholarships to each of its institutions for award to academically talented students.

n Recognize excellence through annual awards to distinguished faculty and alumni.

n Solicit funds, grants and contributions to support and advance the charitable purposes described in the USGF Operating Principles and the priorities of the University System of Georgia.

n Support the educational goals and objectives of the Board of Regents, University System of Georgia, and the Chancellor. University System of Georgia Foundation, Inc. USGF FY2005 Annual Report University System of Georgia Foundation, Inc. USGF FY2005 Annual Report

2004 Regents’ Awards for Excellence in Education Lifetime Achievement Award The University System of Elridge McMillan, the McMillan was first appointed to McMillan also has been a Georgia Foundation, Inc. longest-serving current the Board of Regents in 1975 voice for students from established the Regents’ member of the Board of and has been reappointed by disadvantaged backgrounds Regents, was the inaugural Awards for Excellence in four succeeding governors to who required academic recipient of the Foundation’s Education to recognize “Lifetime Achievement Award.” serve five consecutive terms. intervention and additional the contributions and In a double nod of recognition He served as chair of the support to meet the University achievements of its students, for McMillan’s long career Board of Regents in 1986-87, System’s enhanced admissions faculty and alumni. To that serving higher education, the becoming the first African requirements, which became Foundation also announced end, the Regents created the American to lead the governing effective in 2001. From his the award will be officially Regents’ President’s Choice named “The Elridge McMillan body of Georgia’s 34 public first appointment as a teacher Scholarships for academically- Lifetime Achievement Award.” colleges and universities. He in the Atlanta Public Schools talented students, the Regents’ “Elridge McMillan is a model played a major role in the in 1954, through his current Lifetime Achievement Award, public servant,” said J. Timothy implementation of federally post as Scholar-in-Residence Shelnut, the Board’s Vice Chair and the Regents’ Hall of Fame ordered desegregation plans and education consultant at and Chair of the University Awards to honor faculty and System of Georgia Foundation. for the Universty System Atlanta Metropolitan College, alumni in the University System “There are so many people of Georgia’s colleges and McMillan has been an advocate of Georgia. A recognition throughout this state who universities in the 1970s and for educational opportunity and and awards dinner was held respect and admire Regent ‘80s, and later helped drive the access at the local, state and McMillan as he quietly goes on November 19, 2004, at System’s improved academic national levels. about demonstrating what true the Georgia Tech Hotel and public service looks like. There quality and national reputation Conference Center in Atlanta. was no question he was the in the 1990s. right choice for this inaugural lifetime achievement award.” Regents’ Hall of Fame Awards

2004 Regents’ Awards for Excellence in Education

2004 Faculty Hall of Fame recipients: Research Universities Four-year and Regional Two-year and State Universities Colleges

Six faculty and alumni of the Dr. Ruth-Marie Fincher is Dr. Harold Isaacs is a Dr. Eugene Keferl is a University System of Georgia a professor at the Medical professor of history at Georgia professor of biology at were recognized as inaugural College of Georgia, where Southwestern State University, Coastal Georgia Community recipients of the “Regents’ she has taught since 1984. where he has taught for College, where he has taught Hall of Fame Awards.” Fincher received Medical nearly 40 years. He was since 1975. His colleagues The awards honor the College of Georgia’s “Medical responsible for the creation nominated Keferl for the achievements of three Educator of the Year” award of a minor in Black Studies in campus “Outstanding outstanding University System for eight consecutive years 1974. Isaacs established the Professor” award five times. of Georgia faculty members as well as the Medical Association of Third World In 2002, he was chosen for and three notable alumni for College of Georgia School Studies, an international the Albert Crews Award in their contributions to public of Medicine’s “Outstanding organization that examines recognition of his service to higher education in Georgia or Faculty” award. Fincher issues related to developing students, the college and the outstanding accomplishments also received the Alpha countries. He is the founding community. in their field of endeavor. Omega Alpha Association of editor of the Journal of Third The Foundation solicited American Medical Colleges’ World Studies. nominations for the awards “Distinguished Teacher Award” from all 34 University System and the Daniel S. Tosteson of Georgia institutions. A Award for Leadership in panel of University System Medical Education. officials evaluated the faculty nominations, and an external panel named by the University System of Georgia Foundation evaluated alumni nominations. Both the faculty and alumni awards recognized awardees from three categories of University System of Georgia institutions: research universities, four-year and regional universities, and two- year and state colleges. The three faculty recipients each received a $5,000 award from the Foundation. University System of Georgia Foundation, Inc. USGF FY2005 Annual Report

2004 Regents’ Awards for Excellence in Education

2004 Alumni Hall of Fame recipients: Research Universities Four-year and Regents’ President’s Regional Universities Choice Scholarships

W. Lee Burge is a graduate of James D. Yancey, a Columbus With money raised from Scholarship (as high school Georgia State University who native, is a graduate of the Regents’ Award for valedictorian), HOPE, had a long career with Equifax Columbus College. His current Excellence in Education,ß University of West Georgia serving as chairman. Upon position as chairman of the University System Foundation Scholarship, and his 50th anniversary, Equifax Synovus Financial Corporation, of Georgia Foundation the Economics Department established a presidential a Fortune 500 company, sent $5,000 to each of Scholarship. She is a scholarship in his honor at caps a long career in the the presidents for the member of Beta Gamma Georgia State. Burge served Columbus banking and financial Regents’ President’s Sigma, business honor as a member of the Board industry. Yancey has served Choice Scholarships. society, and Rho Lambda, of Regents from 1968 to 1975 on the Columbus Chamber of Each president decides Greek honor society. She and led the effort to establish Commerce, the Board of Water how the scholarship will has won several honors Georgia State’s College of Works, and as a member of be used to assist one within her sorority, Phi Mu, Law, for which he provided the Board of Regents, rising or more academically- including Sister of the Year. an endowed scholarship. An to the vice chair position talented students. She was the director of the endowed chair also bears his before stepping down. 2005 University of West Featured Scholarship name – the W. Lee Burge Chair Georgia Miracle Marathon Two-year and Winner for Law and Ethics. that raised more than State Colleges The University of West $34,000 to benefit Children’s Michael P. Boggs is a 1984 Georgia spotlights Amber Healthcare of Atlanta and graduate of Waycross College. Aiken of Buford Children’s Miracle Network. After earning his law degree, as one of the In addition to maintaining her Boggs returned to Waycross President’s Choice perfect grade point average, to practice and served two Scholarship Amber works and contributes terms in the Georgia House of recipients. A junior to numerous community Representatives. In January with a 4.0 grade service opportunities. 2005, he will begin a term as point average, Amber is In addition, four other State Superior Court Judge. pursuing a double major in University of West Georgia economics and finance. She students received President’s is a Honors College student Choice Scholarships for use and serves on the Richards in the 2005-2006 academic College of Business Student year. These students are: Advisory Council. She has Margaret Griffin, Colleen been the recipient of the Knight, Chuck Powers, and Governor’s Abigail Rowswell. GRANTS HELD IN THE FOUNDATION

The Preschool - College (P-16) Department of the University System of Georgia promotes school - college - private partnerships to work toward aligning educational systems that support student progression, preschool - college, and preparing and supporting educators for the schools to bring all students to high levels of achievement.

GRANTS HELD IN THE FOUNDATION TO SUPPORT P-16 GOALS

The Georgia BellSouth The Georgia Committee on Early Colleges: State Action for Education Quality Learning and Quality Teaching, an ad hoc This initiative is supported by Leadership Project I & II: Teaching Environments interagency collaborative that the Bill and Melinda Gates These grants obtained by (QLTE): works on teaching quality in the Foundation and the Robert the P-16 department from The P-16 Department and public schools, is the umbrella H. Woodruff Foundation. the Wallace Foundation the Georgia Department of organization for this initiative. Early College is a new model are helping Georgia address Education through this funding The P-16 Department obtained that blends high school and some of the conditions that will enhance the economic funding from Washington the first two-years of college school leaders need in order prosperity and quality of life of Mutual to support the for students, aged 14-20, to be successful in today’s Georgians, their communities, Committee’s strategic planning. who are not well served by competitive public education and the state by working The Steering Committee traditional high schools. environment. Work has collaboratively to build includes representatives from: The purpose is to find more focused on identifying and premier learning and teaching successful ways to educate enhancing the knowledge n P-16 Department of the environments in Georgia’s young people. Reinventing and skills of leaders, aligning University System of Georgia public schools. The key high schools and the first preparation program and strategies are to: n Georgia Department of two-years of college is a workplace standards, and Education goal shared by the Georgia uniting the state’s political 1) Provide school and district Department of Education leaders around the urgent specific data on conditions n State Board of Education and the University System of needs of school leaders. The of learning and teaching n Georgia Partnership for Georgia—partners in the Early SAELP I Consortium conducted by pilot testing a teacher Excellence in Education College Initiative. The goals an audit of all state policies working conditions survey; of Early Colleges are: on educational leadership n BellSouth, Georgia 2) Create and implement a and recommended changes 1) To support the process for community- n Georgia’s Leadership Institute necessary to recruit, hire, implementation of six school partnerships to for School Improvement develop and retain highly sites in Georgia—each improve conditions of capable educational leaders. n Partnership for Reform in as a partnership between learning and teaching; Science and Mathematics a local P-12 school system 3) Recommend to business and a University System n Georgia Association of School and political leaders of Georgia institution; Professional Administrators policy changes to improve 2) To study the effectiveness conditions of learning of the model for reducing and teaching in the public the high school dropout schools. rate, and for increasing the college admission and success rates of traditionally underserved students. University System of Georgia Foundation, Inc. USGF FY2005 Annual Report

There are four components of Georgia’s Leadership % Showing Improvements Georgia’s SAELP II initiative: Institute for School 62.00% Improvement (GLISI): 1) District and state The P-16 Department, in 58.00% partnership to remove partnership with the Georgia barriers to local school 54.00% Partnership for Excellence in improvement efforts; Education, Georgia Department 50.00% GLISI Similar 2) Design and implementation of Education, Professional Schools Schools 61.90% 56.93% of a preparation program Standards Commission, and GLISI schools showed greater for Rising Urban School educational and business gains on test results across all Leaders; leaders created Georgia’s subjects and grades Leadership Institute for School 3) Support for school-based Scale Score Change Improvement. Investments distributed leadership 3.00 from the Bill & Melinda teams and the promotion of Gates Foundation and the “Teachers as Leaders”, and 2.00 Wachovia Foundation have 4) A communication strategy made possible the development 1.00 to strengthen support for of a highly sustainable and policy change. 0.00 effective Leadership Institute GLISI Similar which is systemically improving Schools Schools 1.81 0.98 the capability of Georgia’s GLISI schools improved educational leaders; improving nearly 2 points from 2003 to 2004. the conditions which impact getting and keeping leaders; increasing the pipeline of Impact on Leadership Competencies diverse leaders influencing Developing Proficient Master Role Model 1 2 3 4 policies which impact leader Leader 1.91 Before quality and supply; and Competencies 2.64 After creating a solid cadre of (n=237) educational leaders who are change agents, advocates GLISI increased principals efficacy and role models for educational in 8 critical leadership competencies. reform and improvement. OTHER INITIATIVES SUPPORTED BY THE FOUNDATION

International Education: Office of Information and Instructional Technology: The mission of the System’s Office of International Education The funds deposited in the (OIE) is to strengthen the University System of Georgia Education GO Get It (GO) is global dimensions of teaching, OIIT Foundation account are a statewide public/private learning, research, and service received from private companies partnership that strives to throughout the University and corporations to help defray enable and motivate all Georgia System of Georgia. OIE’s the cost of annual conferences students to reach their potential primary goal is to ensure that and training activities. The through education, thereby all University System of Georgia primary conferences that increasing the state’s economic students attain an appropriate benefit from these funds are prosperity and improving the level of international knowledge the University System Annual quality of life. Almost a full and understanding that enables Computing Conference (Rock year ago, Chancellor Meredith them to participate fully and Eagle) and the Georgia Summit envisioned creating “the largest successfully in a global society. Conference. partnership ever put together in To this end, funding to assist in the state of Georgia to change financial aid for student study a mindset.” GO recognizes that abroad is held in the University Georgia’s economic future rests System of Georgia Foundation. in creating a more educated Georgia by partnering with Study Abroad Participation 1997- 2004 community-based organizations 4402 .UMBEROF3TUDENTS 4500 to help students stay in school 4000 3732 3732 3423 and graduate. The program 3500 employs three key strategies to 3000 2844 2532 reach its dual goals of increasing 2500 1850 high school graduation and 2000 1662 college enrollment in Georgia: 1500 1000

1) A multimedia engagement 500

campaign, 0 1996-97 1998-99 2000-01 2002-03 1997-98 1999-00 2001-02 2003-04 2) Grassroots outreach, and !CADEMIC9EAR

3) A partnership network.

GO scholarships are administered through the Foundation. University System of Georgia Foundation, Inc. USGF FY2005 Annual Report

FINANCIAL REPORT

2004 Regents’ Awards for Excellence In Education

The University System of Georgia Foundation, Inc., established the Regents’ Awards for Excellence in Education in 2004 to recognize the contributions and achievements of its students, faculty and alumni. To that end, the Foundation created the Regents’ President’s Choice Scholarships for academically Total Revenue earned: $662,988 talented students and the Regents’ Hall of Scholarships and Awards: $180,945 Fame Awards to honor faculty and alumni in the University System of Georgia. Expenses for Event: $180,111

Net Assets

Net Assets represent the different fund and how they can be used.

Unrestricted: General operating funds and indirect Unrestricted: $89,731 funds from grants that pay for the administrative Temporarily Restricted: $309,794 services that the Foundation provides. Restricted: $1,633,576 Temporarily Restricted: Indirect program dollars and non-grant related funds. n Unrestricted Restricted: All true grant funds. n Temporarily Restricted n Restricted

University System of Georgia Foundation, Inc. Assets and Liabilities

Liabilities are amount owed by the Foundation

Assets are the cash and investments that the Foundation holds

Current Assets and Liabilities: Assets $2,159,931 Liabilities $126,830 University System of Georgia Foundation, Inc. USGF FY2005 Annual Report

The corporation operates according to the following principles: (a) To promote interest and (g) To receive and accept (k) To distribute property participation in public property, whether real, exclusively for charitable higher education in the personal, or mixed, by way purposes in accordance The University System State of Georgia; of gift, bequest, or devise, with the terms of gifts, of Georgia Foundation, Inc. from any person, firm, (b) To provide for system-wide was established as a trust, or corporation, to bequests, or devises to the activities that enhance nonprofit corporation under be held, administered, and corporation not inconsistent the quality of instruction, the applicable provisions disposed of in accordance with its purposes, as set research, and service in of the Georgia Nonprofit with and pursuant to the forth in the articles of the University System of Corporation Code. governing instruments of incorporation and these Georgia; The corporation is a voluntary the corporation, as the bylaws, or in accordance association of individuals (c) To support activities at a same may be amended with determination made and organizations organized system level that support from time to time; by the Board of Trustees exclusively for charitable the educational goals and pursuant to the articles of (h) To make grants and purposes within the meaning objectives of the Board of incorporation and bylaws contributions and otherwise of section 501(c)(3) of the Regents of the University of the corporation; and to render financial Internal Revenue Code. System of Georgia; assistance and support (l) To perform all other acts The corporation was (d) To provide support for the services in furtherance of necessary or incidental organized as a cooperative office of the Chancellor of the purposes and functions to the above and to do organization of the Board the Board of Regents of of the University System of whatever is deemed of Regents. the University System of Georgia, as determined by necessary, useful, Georgia in carrying out the the Board of Trustees in its advisable, or conducive, purposes and functions of discretion; directly or indirectly, as the Board of Regents; determined by the Board (i) To solicit gifts, grants, and of Trustees, to carry out (e) To make distributions to contributions and otherwise any of the purposes of organizations that qualify as to raise funds to support the corporation, as set exempt organizations under and advance the charitable forth in the articles of section 5Ol(c) (3) of the programs and activities of incorporation, including Internal Revenue Code; the corporation as provided the exercise of all other above; (f) To make distributions for power and authority other charitable purposes; (j) To administer funds in enjoyed by corporations accordance with donor generally by virtue of the intent, and manage assets provisions of the Georgia so that funds hold their Nonprofit Corporation purchasing power into the Code (within and subject future; to the limitations of section 50l(c)(3) of the Internal Revenue Code). $50,000 and above $5,000 to $9,999 Miller, John E. Georgia Crown Distributing Co. Anheuser-Busch Morrion, Marer D. Burge, Lee NeSmith Chevrolet, Buick, Pontiac $25,000 to $49,999 Certegy Inc. NeSmith, Marin The Coca-Cola Company ChoicePoint Cares Papp, Daniel $10,000 to $24,999 Community Fnd of NW GA Pointevint, Doreen Stiles 1st Bank of The South Community Foundation Powell, William (CIGNA) Allan Vigil Ford EHS Partners, LLC Proquest Anonymous Ivester, M. Douglas Ronen, Helise S. University Armstrong Atlantic State Jefferson-Pilot Foundation Savannah State University Foundation University Foundation MAC Meetings & Events (CISCO) System of Shelnut, J. Timothy Atlantic American Corporation Perry-Johnson, Arlethia South Georgia College Foundation Georgia Augusta State University Planning Professionals, LTD Stafford Builders/Consultants, Inc. Foundation, Inc. Foundation Southern Polytechnic State University Steele, Karen BellSouth - Georgia (private funds) VALIC Butler, Wooten, Fryhofer Donor Levels SSU Education Outreach Vigil, Allan Clayton College & State for FY05 University Foundation White, Glenn S. $4,999 and below July 1, 2004 Cleveland, William H. 1st Medical Network LLC Other Donations/Gifts through Columbus State University Abraham Baldwin Agricultural College Air Tran Airways June 30, 2005 Foundation (private funds) Anonymous Equifax Foundation Abraham Baldwin Agricultural College Anonymous Georgia Bank & Trust Company of Augusta Foundation, Inc. Delta Airlines Georgia College & State Adams, Virgil L. Georgia Crown Distributing Co. University Foundation Leebern Jr., Donald M. Anasteel & Supply Co., LLC Georgia Institute of Technology Pittard, Patrick S. (private funds) Anatek, Inc. Pointevint, Doreen Stiles Georgia Perimeter College (private funds) Atlanta Metropolitan College (private funds) Shelnut, J. Timothy Atlanta Metropolitan College Foundation Georgia Power Company Grants Funds Held in USGF Georgia Southern University Foundation Bainbridge College (private funds) Georgia Southwestern Foundation, Inc. Beech Street Corporation $500,000 and above Georgia State University Foundation Caribou Coffee Company Early College - Gates Gray Television, Inc. Cater, Connie Early College - Woodruff Harris, Joe Frank Coastal Georgia Community College $100,000 to $499,999 Host Communications (private funds) Coles, Michael BellSouth - Georgia; Hunt, Julie Teaching Quality Courts II, R. W. Jennings, Mansfield Jr. P-16 Kennesaw State University Foundation, Inc. Daniel, Thomas MCG Health, Inc. Dalton State College Foundation $50,000 to $99,999 North Georgia College and State University Darton College Foundation, Inc. BellSouth Foundation Foundation East Georgia College Foundation, Inc. Carter Awards SEM Minerals, Inc. Floyd College Foundation, Inc. Wallace Foundation: SAELP II Southern Polytechnic State Foundation Gainesville College Foundation $10,000 to $49,999 SunTrust Gordon College Foundation Citigroup - Rising Stars Synovus Financial Corp. Griffin Jr., Woodrow W. International Programs UGA Alumni Association Harmon Masonry & Construction Washington Mutual UGA Athletic Association, Inc. Hart, Samuel $9,999 and below UGA Research Foundation Holt, Rick W. Education Go Get It University Financing Foundation, Inc. Jolly, james R. University of West Georgia Foundation National Commission on Teaching Kelley, Janalyn and American’s Future UPS Foundation King, Damon The Education Trust, Inc. Valdosta State University Foundation, Inc. Leebern Jr., Donald M. Science, Technology, Engineering Wooten, Joel O. Lewis Jr., Gardelle and Math (STEM) on behalf of the Medical College of GA Wallace Readers Digest Macon State College Foundation Aspiring Leaders Mayers-Williams, Angelia M. (Kaiser) Washington Mutual/National Commission on Teaching McMillan, Elrdige W. and American’s Future Meredith, Thomas C. Middle Georgia College UNIVERSITY SYSTEM OF GEORGIA FOUNDATION, INC 270 Washington St. S.W. Rm 5172 , Atlanta, Georgia 30334 www.usgfoundation.orgwww.usgaf.org