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FY2006 Annual Report

FY2006 Annual Report

University System of Foundation, Inc. Annual Report FY2006 BOARD OF TRUSTEES UNIVERSITY SYSTEM OF GEORGIA FOUNDATION, INC.

FY 2007 (July 1, 2006 to June 30, 2007)

Richard Lee Tucker, Sr. F r a n k R o s . Hugh A. Carter, Jr. Erroll B. Davis Jr. (USGF Chairman) (USGF Vice Chairman) (USGF Secretary & Treasurer) Chancellor (Ex Officio) Arlington Capital, LLC The Coca-Cola Company Darby Printing University System of Georgia 1505 Lakes Pkwy., # 150 Assistant V.P., Affairs 6215 Purdue Drive 270 Washington Street, SW Lawrenceville, GA 30043 P.O. Box 1734. , GA 30336 Room 7028 Phone: 770-232-8800 Atlanta, GA 30301 Phone: 404-676-2181 Atlanta, GA 30334 Fax: 678-990-8988 Phone: 404-676-2181 Fax: 404-515-7939 Phone: 404-656-2202 Fax: 404-515-7939 Fax: 404-657-6979 Term Ends: Jun. 2010 Term Ends: Jun. 2007 Term Ends: Jun. 2007

Board Members

J. Timothy Shelnut Hilton H. Howell, Jr. James D. Yancey L e e B u r g e Four Seasons Securities Atlantic American Corporation Synovus Financial Corporation 209 Hudson Trace President & CEO Retired Chairman Retired Chairman Augusta, GA 30907 4370 Peachtree Rd., N.E. 901 Front Avenue / Suite 301 P.O. Box 4081 Phone: 706-868-1688 Atlanta, GA 30319 Columbus, Georgia 31901 Atlanta, GA 30302 Fax: 706-868-1690 Phone: 404-266-5505 Phone: 706-649-2006 Phone: 404-760-3770 Fax: 404-266-8107 Fax: 706-649-4819 Fax: 404-888-5088 Term Ends: Jun. 2007 Term Ends: Jun. 2007 Term Ends: Jun. 2010 Term Ends: Jun. 2007

Donald M. Leebern, Jr. Dwight Evans Gita Hendessi Glenn White Georgia Crown Distributing Co. Exec. VP & Pres. Ext. Affairs President CEO Chairman Southern Company Hendessi & Associates LLC First Bank of Gwinnett 100 Georgia Crown Drive 30 Ivan Allen Jr. Blvd. NW. 1700 Commerce Drive NW 2230 Riverside Parkway McDonough, GA 30253 Bin SC1501 Atlanta, GA 30318 Lawrenceville, GA 30043 Phone: 770-302-3000 Atlanta, GA 30308 Phone: 404-609-9757 Phone: 678-376-3010 Fax: 770-302-3109 Phone: 404-506-0501 Fax: 404-609-9657 Fax: 770-236-9261 Fax: 404-506-0504 Term Ends: Jun. 2007 Term Ends: Jun. 2010 Term Ends: Jun. 2010 Term Ends: Jun. 2010

Part-time Staff

Jan Kettlewell Sara Connor Debbie Lasher, CPA Sharon R. Duhart Executive Director Asst. Executive Director Asst. Treasurer Asst. Secretary 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: 404-656-1472 Phone: 404-463-3659 Fax: 404-657-0336 Fax: 404-657-0336 Fax: 404-463-1760 Fax: 404-463-2032 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. 2 0 0 6 R e g e n t s ’ A w a r d s f o r E x c e l l e n c e in Education

The University System of The second annual recognition Two of the President’s Georgia Foundation, Inc. and awards dinner was held Choice Scholars provided the established the Regents’ on January 28, 2006, at the welcome and spoke about the Awards for Excellence in in Atlanta. impact of the scholarships Education to recognize As part of the evening on their academic careers. the contributions and festivities, silent auction Frank Ros of the Coca-Cola achievements of its students, tables were displayed by each Company introduced the faculty and alumni. To that of the University System of award presentations. Cecil end, the Foundation created Georgia institutions prior to Phillips from Place Properties, the Regents’ President’s the beginning of the program. a presenting sponsor, Choice Scholarships for The event was hosted by announced the Regents’ academically-talented Chairman J. Timothy Shelnut. Hall of Fame Alumni Awards. students, the Regents’ Georgia Sonny Regent Donald M. Leebern, Lifetime Achievement Award, Perdue, USG Chancellor- Jr., from Georgia Crown and the Regents’ Hall of Designate Erroll B. Davis, Distributing Corporation, Fame Awards to honor faculty Jr., Interim USG Chancellor another presenting sponsor, and alumni in the University Corlis Cummings, most of the announced the Regents’ Hall System of Georgia. 18-member Board of Regents, of Fame Faculty Awards. The and several Regents Emeriti highlight of the evening was attended the event. During the presentation of the Elridge the evening, guests were McMillan Lifetime Achievement treated to the wonderful Award to Louise McBee. music of student groups from and The including jazz combos, the Georgia Brass, and the University Singers. 2006 Regents’ Awards for Excellence in Education

2006 Alumni Hall of Fame The Elridge McMillan Lifetime Achievement Award recipients: Elridge McMillan, that developed safeguards for Universities example, does the right thing for the HOPE Scholarship. She Carl E. Sanders, The University the right reason, and is a highly the longest-serving introduced legislation that created of Georgia Governor Sanders ethical man. He is known to be the current member of the the Georgia Higher Education was Georgia’s governor from 1963 best of men and the Savings Plan and worked to finest of leaders. Board of Regents, was to 1967. He has been associated improve retirement benefits for with the University of Georgia Two-year and the inaugural recipient University System employees. for 63 years, beginning with his State Colleges Widely respected for her integrity, of the board’s “Lifetime enrollment in 1942 on a football Ray Woods, East Georgia diligence and leadership, Dr. McBee scholarship. After interrupting his College Mr. Woods has been Achievement Award.” has received numerous honors education to serve in World War employed with the Emanuel County In recognition for McMillan’s long including the Governor’s Award II, he returned and subsequently Board of Education as Director career serving higher education, in the Humanities. The University graduated from the School of Law of Title I, Risk Management and the award is officially named of Georgia has established a in 1948. Throughout his public Social Work/Student Services “The Elridge McMillan Lifetime professorship and an annual lecture life—as a member of the Georgia since 2000. He is recognized for Achievement Award.” The named for Dr. McBee. House of Representatives, the his extraordinary commitment to award is given in recognition of Georgia Senate and as Governor— East Georgia College’s mission, for extraordinary service to higher hree notable USG alumni gave highest priority the life he has devoted to helping education in Georgia. and four outstanding faculty were honored to improving education in Georgia. others, for his leadership in an The 2006 recipient of the Elridge T Because of his dedicated efforts, during the event with “Regents’ array of collaborative initiatives, McMillan Lifetime Achievement Hall of Fame Awards” for their Governor Sanders earned the title and for his lifelong service to his Award is Louise McBee, Vice significant contributions to public “Georgia’s Education Governor.” community. As a licensed master President Emeritus for Academic higher education in Georgia or Carl Sanders is one of the all-time social worker for the State of Affairs, The University of Georgia. outstanding accomplishments in great champions of education in Georgia, Mr. Woods, through his A native of Strawberry Plains, their field of endeavor. The Board Georgia vision and support, has developed , she joined the of Regents solicited nominations Four-year and many successful programs that University of Georgia in 1963 as for the awards from all 35 USG Regional Universities directly impact and improve the of women and over the next institutions. A panel of University David M. Ratcliffe, Valdosta quality of life for children and 25 years held several administrative System officials evaluated the State University Mr. Ratcliffe families in the region. Ray’s posts including dean of student faculty nominations, and an took the reins as President of the affiliation with local organizations affairs and assistant and associate external panel named by the Southern Company, one of the is extensive, and his involvement vice president for academic affairs. University System of Georgia largest generators of electricity in provides inspiration to students, She is credited with helping Foundation evaluated alumni the , in April 2004. as well as colleagues. Mr. Woods is provide the University with stable, nominations. Both the faculty and Shortly thereafter, he took on truly a servant to his community progressive leadership in a period alumni awards recognized awardees the titles of Chairman and CEO. A of notable growth in size and from three categories of USG 1970 graduate of Valdosta State 2006 Faculty quality. When she retired in 1988 as institutions: research universities, University, Mr. Ratcliffe taught acting vice president for academic Hall of Fame four-year and regional universities, at Valdosta High School affairs she was the university’s and two-year and state colleges. right out of college. He began recipients: second-highest ranking official. The four faculty recipients each his career with Research Universities In 1991 she was elected to the received a $5,000 award from as a biologist in 1971 and held Georgia House of Representatives Barbara R. Baumstark, the Foundation. numerous positions including CEO. and served six terms before of Biology, Georgia It is only his personal nature and voluntarily stepping down in State University strong character that outshine his 2004. One of the Legislature’s Dr. Baumstark joined the biology business sense. Those who know staunchest education advocates, faculty at Georgia State University and respect him attest he is still she was chair of the House in 1984, and for the past 20 years the same “Georgia Boy,” very down Higher Education Committee and has devoted herself to developing to earth and very humble. Those co-chair of a special commission a fascination for science for all closest to him say that he leads by University System of Georgia Foundation, Inc. Annual Report 2005-2006

2006 Regents’ Awards for Excellence in Education

students, K-12 through college. passion for teaching. But Dr. Brasher Regents’ President’s Choice Scholarships Georgia State University awarded her does more than just teach. He the Institutional Innovation Award empowers and builds self-confidence and the College of Arts & Science in his students while maintaining high Outstanding Teaching Award. As expectations for their performance. one student so aptly stated, “From His students recognize that the Erin Hendrix Hariqbal Basi the moment one walks into the first critical thinking skills developed in his Erin Hendrix is Hariqbal Basi class of a semester, she will forever classroom apply to all their classes. In a sophomore leaves no stone demand the absolute best of her addition, Dr. Brasher counsels student at Georgia unturned. A students and will settle for nothing advisees, is the faculty sponsor to State University triple major, less.” The initiator and director several organizations on campus, and majoring in he has won of the Bio-Bus Project, a 30-foot is active in the Swainsboro community. Psychology numerous honors self-contained mobile instructional “I am, or have been, a guitarist, singer, with a Pre-med and awards laboratory that can serve any off potter, poet, drummer and set builder, concentration. including a -campus location in the Metro area, but teaching is the highest art I have Erin is a Presidential Scholar, Charter Scholarship, awarded to Dr. Baumstark transformed a fledgling ever engaged in.” Georgia State’s highest the top five percent of incoming community outreach program into one Scholarship of Teaching academic achievement and University of Georgia students, that has received national funding and Learning is actively involved in many the Robert C. Byrd Scholarship, and recognition. Tina M. Harris, Associate aspects of student life. She the Governor’s Scholarship, and Four-year and Professor of Speech lives on campus at the the Superintendent Scholarship. Regional Universities Communication, University Lofts, works as a He has also been a Presidential Michael H. Deis, Associate The University of Georgia tour guide in the Welcome Scholar and made Dean’s List, Professor of Management, Dr. Harris brings together her Center and was recently every semester. If that’s not scholarship, teaching and student selected as a member of amazing enough, he won first At Clayton State University, learning by embarking on a sustained The 1913 Society, Georgia place in solo dance at the 2004 Dr. Deis has been the recipient scholarly effort to promote effective State’s student ambassador National Bollywood Talent of numerous awards for teaching teaching and learning about issues program. As a Presidential Competition (Bollywood is India’s excellence, distinguished research, related to communications and Scholar, Erin also assists with Film industry) and performed and outstanding service, including the race. Her scholarship and her the university’s annual Scholar in ’s CORE Concert Dance Alice Smith Faculty Award, School of teaching provide evidence of a Selection Day. Her future goals Spring 2005 Collection concert. Business Professor of the Year Award, strong commitment to the personal include overseas humanitarian He is also a National Issues Outstanding Faculty Advisor Award and social development of students work in the medical field. The Forum moderator, and has been and Distinguished Research Award. A within the context of interracial portion of the scholarship a volunteer at GPTV pledge self-professed lover of teaching, his communication. Dr. Harris is co- dollars that Georgia State drives and the Sikh Youth Camp philosophy of teaching incorporates author of the textbook “Interracial University received from the in Atlanta. His degree objectives preparing students for success by Communication: Theory Into Practice” Regents’ Awards for Excellence are: B.A. in political science, creating a caring, active learning (2001), which was the first text on in Education Celebration was A.B.J. in public relations, B.S. environment that addresses the race relations and communication designated to Presidential in psychology, and a minor in diverse learning styles of students. since 1976. She has received a Scholarships. Outstanding Religion. Having completed The students say he is succeeding! number of invitations from universities students, like Erin Hendrix, graduate level work in his Two-year and State Colleges throughout the nation to speak and are benefiting from the dollars study abroad classes at facilitate workshops on race relations raised at this event. University and the Cannes Film Alan D. Brasher, Associate and interracial communication. Her Festival, he is nearly ready for Professor of English, East Georgia work is nationally recognized, widely graduation with highest honors. College Dr. Brasher, an English read and frequently used in the faculty member at East Georgia classroom by other faculty. College since 1997, has impressed his students and colleagues with his The Pre-School – College (P-16) Department serves as the outreach arm of the University System Office to other state education agencies, the Governor’s Office, P-12 schools, University System of Georgia institutions, and business partners in collaborative efforts to influence improvements in education for Georgia’s students, pre-school through college. The P-16 Department has two strategic objectives: 1. To promote high school graduation, college readiness, college transition, and college success. 2. To promote continuous improvement in P-12 teacher, leader, and counselor recruitment, preparation, transition, development, and success.

GRANTS HELD IN THE FOUNDATION TO SUPPORT P-16 GOALS University System of Georgia Foundation, Inc. Annual Report 2005-2006

Initiative: • Georgia Partnership for one or more Georgia public school Initiative: Cross Cultural Initiative Excellence in Education systems and a University System of State Action for Education Funder: • Georgia’s Leadership Institute Georgia college or university. The Leadership Project (SAELP) Wachovia Foundation— for School Improvement Early College model blends high I & II Teachers and Teaching school and the first two years of Funder: • Georgia Department of Early Initiative college for the purpose of finding Wallace Foundation Care and Learning The Cross Cultural Initiative is more successful ways to educate These grants obtained by the P-16 • Georgia Public Policy funded by the Wachovia Foundation young people so that they will department are helping Georgia Foundation Teachers and Teaching Initiative be prepared to contribute to our address some of the conditions that to address a growing challenge Initiative: knowledge-based economy and to school leaders need in order to be in Georgia for P-12 teachers: how Georgia BellSouth Quality improve their overall quality of life. successful in today’s competitive to teach effectively children from Learning and Teaching The goals of the Georgia Early public education environment. a variety of cultures. The Cross Environments (QLTE) College Initiative are: Work has focused on identifying Funder: Cultural Initiative has developed 1) To increase college readiness and enhancing the knowledge BellSouth and is currently delivering a high- and college success of and skills of leaders, aligning quality blended delivery course The P-16 Department and the highschool graduates preparation program and workplace designed for in-service teachers Georgia Department of Education traditionally underserved in standards, and uniting the state’s who will train other teachers through this funding work the University System of political leaders around the urgent in the knowledge, skills, and collaboratively to build premier Georgia. needs of school leaders. The understandings needed to close the learning and teaching environments SAELP I Consortium conducted 2) To develop and test model achievement gap between ethnic in Georgia’s public schools. The an audit of all state policies programs for young people, minority students, economically key strategies are to: on educational leadership and disadvantaged students, and aged 14 to 20, that get better recommended changes necessary 1) Provide school and district majority students. results, are more coherent, to recruit, hire, develop and retain specific data on conditions of less duplicative, and make Initiative: highly capable educational leaders. learning and teaching by pilot possible a shorter time to Georgia Committee on Components of Georgia’s testing a teacher working completion of an associate Quality Teaching SAELP II initiative are: conditions survey; degree ortwo years of Funder: 2) Create and implement a college. (1) Implementing a new Washington Mutual performance-based process for community-school 3) To study the effectiveness Foundation certification framework partnerships to improve of the Early College model The Georgia Committee on Quality for principals and a new conditions of learning and for reducing the high Teaching, an ad hoc interagency examination that all aspiring teaching; school dropout rate, and collaborative that works on teaching principals will have to pass in for increasing the college quality in the public schools, is 3) Recommend to business order to be licensed. These admission and college the umbrella organization for this and political leaders standards will also be used by success rates of African initiative. The P-16 Department policy changes to improve SAELP’s statewide university American males, Hispanic obtained funding from Washington conditions of learning and collaborative to create students, and other Mutual to support the Committee’s teaching in the public schools program standards to be traditionally underserved strategic planning. The Committee Initiative: used in 2007 for reaccrediting students. includes representatives from: Early Colleges all leader preparation • P-16 Department of the Funders: 4) To study Early Colleges as programs in the state. University System of Georgia Bill & Melinda Gates demonstration projects so Foundation that lessons learned may be • Georgia Department of Robert W. Woodruff applied to the replication of Education Foundation Early Colleges throughout • State Board of Education Georgia as part of Secondary The P-16 Department serves as the Education Redesign. • Governor’s Office of Student Intermediary for the Georgia Early Achievement College Initiative—a partnership • Georgia Professional of the Georgia Department of Standards Commission Education and the University System of Georgia. Each Early College is a partnership between GRANTS HELD IN THE FOUNDATION TO SUPPORT P-16 GOALS University System of Georgia Foundation, Inc. Annual Report 2005-2006

(2) The “High Performing Georgia recognizes that Initiative: Principals Program,” in order to sustain the Georgia’s Leadership signed by the Governor development of high Institute for School in April and funded in his performing school leaders, Impact on student achievement executive budget with districts must be organized to Improvement (GLISI) $3.5 million, will create a maximize the performance of Funder: pool of high performing teachers, principals and district Washington Mutual CRTC Change from 2002-2005 principals based on officials and prepare those Foundation 9 8.08 8 7.40 student assessment data employees for future leadership Georgia’s Leadership Institute 7.34 7 6.38 and provide three-year roles. This new performance for School Improvement 6.09 salary incentives for culture requires districts to 6 5.33 was established in 2002 as a 5 those select principals to 1) identify and capitalize on public/private collaboration 4 lead high-needs schools. existing high-performers at all among the P-16 Department of 3 levels, 2) identify and address (3) The “teacher leadership the Board of Regents, Georgia 2 performance barriers in school 1 program,” signed into Partnership for Excellence

and district conditions, 3) CRTC Scale Score 0 law last year will create in Education, Georgia leverage regional and state Reading ELA Math a cadre of teacher Department of Education, partners to deliver services, GLISI leaders who have Georgia Professional Standards and 4) decrease time to Non-GLISI demonstrated impact Commission, and educational competency for emerging on student achievement and business leaders to leaders. State initiatives in the classroom and improve the quality and supply alone are necessary, but not Student Achievement Growth demonstrated impact of school leaders in Georgia. sufficient, to develop this 2002-2005 as school leaders. performance culture. By leveraging state funding These teacher leaders, and federal and private grants, 200 supported by Leadership In order to ensure that all GLISI has provided effective 173.6 Performance Coaches, of the SAELP work to date in-depth training, follow-up, 150 6.09 134.7 will have the opportunity continues to accelerate, and performance consulting, and to lead school that the future leadership work resources to over 1400 district 100 improvement initiatives across the state maintains and school leaders from more 50 as part of their leadership coherence, Georgia will build than 90 Georgia districts. certification program. additional regional capacity

GLISI’s work focuses on Summed Scale Score Change (Grade 1-8,11) 0 By 2008, Georgia will to best target the leadership improving conditions that GLISI have a “bench” of development needs of districts. impact getting and keeping Non-GLISI 1000 high performing To do this, a successful leaders, increasing the pipeline teacher leaders who collaborative structure has of trained leaders, influencing Mean Percentage of Students Meeting or Exceeding (2005) have demonstrated proven to be Georgia’s best policies that impact leader leadership skills and are bet to accelerate impact quality and supply, and and maximize the state’s 100 94.04 90.54

able to assume school 87.68 81.50

creating a cadre of educational 77.83 77.38 75.14 and district leadership infrastructure. 80 73.32 93.40 leaders who are change 64.90 89.87 positions. 60 86.14 79.83 76.74

agents, advocates, and role 75.95 73.23 71.42

models for educational reform 40 62.46 and improvement. 20

0

REA ELA MAT SCI SOC LAR MAT SCI SOC

CRCT Grades 1-8 HGST

GLISI Non-GLISI

A greater percentage of students at GLISI schools meet/exceed the standard in all content areas in grade used to determine adequate yearly progress (1-8 and 11) OTHER INITIATIVES SUPPORTED BY THE FOUNDATION University System of Georgia Foundation, Inc. Annual Report 2005-2006

Office of Information and Instructional Technology (OIIT):

The funds deposited in the University System of Georgia Foundation account are received from private companies and corporations to OTHER INITIATIVEShelp defray SUPPORTEDthe cost of annual conferences BY THE FOUNDATION and training activities. The primary conferences that benefit from these funds are the University System Annual Computing Conference () and the Georgia Summit Conference. International Education: USG Study Abroad Participation The mission of the System’s Office of FY 1998-FY2005 International Education (OIE) is to strengthen the global dimensions of teaching, learning, research, and service throughout the University System of Georgia. OIE’s primary goal is to ensure that all University System of Georgia students attain an appropriate level of international knowledge and understanding that enables them to participate fully and successfully in a global society. To this end, funding to assist in financial aid for student study abroad is held in the University System Number of Students of Georgia Foundation. OTHER INITIATIVES SUPPORTED BY THE FOUNDATION University System of Georgia Foundation, Inc. Annual Report 2005-2006

FINANCIAL REPORT

2006 Regents’ Awards for Excellence In Education 2006 Regents’ Awards The University System of Georgia Foundation, Inc., established the Total Revenue earned: $915,727 Regents’ Awards for Excellence in Education in 2005 to recognize the contributions and achievements of its students, faculty Scholarships and Awards: $154,828 and alumni. To that end, the Foundation created the Regents’ Expenses for Event: $207,995 President’s Choice Scholarships for academically talented students and the Regents’ Hall of Fame Awards to honor faculty and alumni in the University System of Georgia.

Administrative and Programmatic Funds During FY 2006, 95.2% of Foundation funds were for programs; 4.8% were for administrative expenses

Capital Balances

Unrestricted: Non-grant related funds, Total Capital: general operating funds, and indirect funds from grants Unrestricted: $326,040 Temporarily Restricted: Grant monies with donor specific requirements. Temporarily Restricted: $1,795,539

Restricted: Funds to be held in perpetuity Restricted $500,000 for the support of the foundation. n Unrestricted n Temporarily Restricted n Restricted

University System of Georgia Foundation, Inc. Assets and Liabilities Assets are the cash and investments that the Foundation holds

Liabilities are amount owed by the Foundation Current Assets and Liabilities:

Assets $2,748,409 Liabilities $126,830 500,000 1,500,000 2,500,000 0 1,000,000 2,000,000 University System of Georgia Foundation, Inc. Annual Report 2005-2006

The corporation operates according to the following principles: The University System of Georgia (a) To promote interest and (g) To receive and accept (k) To distribute property Foundation, Inc. was established participation in public property, whether real, exclusively for charitable as a nonprofit corporation under higher education in the personal, or mixed, by way purposes in accordance the applicable provisions of the State of Georgia; of gift, bequest, or devise, with the terms of gifts, Georgia Nonprofit Corporation from any person, firm, (b) To provide for system-wide Code. The corporation is trust, or corporation, to bequests, or devises to the activities that enhance a voluntary association of be held, administered, and corporation not inconsistent the quality of instruction, individuals and organizations disposed of in accordance with its purposes, as set research, and service in organized exclusively for with and pursuant to the forth in the articles of the University System of charitable purposes within the governing instruments of incorporation and these Georgia; meaning of section 501(c)(3) the corporation, as the bylaws, or in accordance of the Internal Revenue Code. (c) To support activities at a same may be amended with determination made The corporation was organized system level that support from time to time; by the Board of Trustees as a cooperative organization the educational goals and pursuant to the articles of (h) To make grants and of the Board of Regents. The objectives of the Board of incorporation and bylaws contributions and otherwise corporation operates according Regents of the University of the corporation; and to render financial to the following principles. System of Georgia; assistance and support (l) To perform all other acts (d) To provide support for the services in furtherance of necessary or incidental office of the Chancellor of the purposes and functions to the above and to do the Board of Regents of of the University System of whatever is deemed 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 Rodwell, Wanda Yancey Place Collegiate Development A. G. Edwards & Sons, Inc. Shelnut, J. Timothy Georgia Crown Distributing Co. Anasteel & Supply Co., LLC South Georgia College Foundation Anheuser-Busch Stark, Ronald B. $25,000 to $49,999 Burge, Lee Tucker, Sr., Richard Lee Coca-Cola Company Caribou Coffee Company Vigil, Allan Cousins Foundation, Inc. Certegy, Inc. Foundation $10,000 to $24,999 ChoicePoint Cares White, Glenn S. Allan Vigil Ford , Inc. Other Donations/Gifts Alston & Bird, LLP Coleman, Talley, Newbern, Kurrie, Preston University & Holland Air Canada Ambling University Development System of Coles-Kurak Family Foundation Air Tran Airways Anonymous Georgia EHS Partners, LLC Carter, Jr., Hugh A. Arch Foundation for the University of Foundation, Inc. Georgia, Inc. Equifax Foundation Delta Airlines Arlington Capital LLC Fort Valley State University Foundation E-Z-GO Georgia Bank and Trust Company of Georgia Crown Distributing Co. Donor Levels Armstrong Atlantic State University Foundation Augusta Pittard, Patrick S. for FY06 Atlantic American Corporation Georgia College & State University Poitevint, Alec and Doreen Foundation July 1, 2005 Foundation Ros, Frank Lou Sobh Pontiac - Buick - GMC through BellSouth Wooten, Joel and Butler Wooten, LLC Murray Barnes Finster, LLP June 30, 2006 Choate Construction Company Norsan Group Grants Clayton State University Foundation Synovus Financial Corporation Cleveland, William H. $500,000 and above Columbus State University Foundation $100 to $4,999 Bill & Melinda Gates Foundation ComSouth Telecommunications AGL Resources Woodruff Foundation Earthlink, Inc Computer, Inc. $100,000 to $499,999 Davis,Jr., Erroll B. Atlanta Metropolitian College Foundation Wachovia Facility Management Group, Inc. Bainbridge College Wallace Foundation The Georgia Institute of Technology Barton Malow Company Georgia Southwestern Foundation, Inc. Butler, Frank $50,000 to $99,999 Georgia State University Foundation Coastal Georgia Community College BellSouth Georgia Perimeter College Coles, Michael Georgia Power Company Cornelius & Associates $10,000 to $49,999 Georgia Southern University Foundation Foundation Georgia Power Foundation, Inc. Foundation, Inc. Darton College Foundation, Inc. Washington Mutual Bank Georgian Bank Dell USA LP $9,999 and below Gwinnett Chamber of Commerce East Georgia College Foundation, Inc. AGL Resources H. J. Russell & Co. First ABAC LLC Georgia Partnership for Excellence In Hendessi & Associates, LLC Gainesville College Foundation Education (GPEE) Hunt, Julie Gay & Erskine Love Foundation, Inc. Georgia Power Company Jolly Family Donor Advised Fund Kennesaw State University Foundation Georgia Highlands Foundation, Inc. MCG Health, Inc. Gordon College Foundation College & State University Hardin Construction Company, LLC Foundation Hatcher, Robert F. Savannah State University Foundation, Inc. Jenkins, Jr., A. Felton SEM Minerals Joel & Geraldine Cowan Fund Southern Company Jolly, James Southern Polytechnic State Foundation Leebern, Jr., Donald M. SunTrust Foundation UGA Alumni Association Market Resource Partners, LLC UGA Athletic Association, Inc. McMillian, Elridge W. UGA Research Foundation Merchant Capital, LLC University of West Georgia Foundation The University Financing Foundation, Inc. (TUFF) Niles Bolton Associates, Inc. Valdosta State University Foundation Peterson, Jerry G. WAL*MART Pittard, Patrick S. Poitevint, Doreen Stiles Womble, Carlyle, Sandridge & Rice Proquest UNIVERSITY SYSTEM OF GEORGIA FOUNDATION, INC 270 Washington St. S.W. Rm 5175 , Atlanta, Georgia 30334 www.usgfoundation.org

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