Georgia Southern University Foundation, Inc.
The Georgia Southern University Foundation raises, invests and distributes private dollars needed to fund the programs, projects, scholarships, equipment and buildings that help Georgia Southern University earn and maintain a reputation for excellence.
Tuition, fees and state allocations cover the “basics,” but are not sufficient to provide for the many “extras” that add quality and value to a university education and allow research and regional service to flourish.
The Foundation also provides support to divisions within the University to fund special needs. These include many instructional projects, cultural outreach initiatives, admissions programs, international student activities, the Georgia Southern University Southern Pride Marching Band, and more. The Foundation supports the fundraising needs of the Georgia Southern University Museum, The Garden of the Coastal Plain, the Georgia Southern University Center for Wildlife Education and the Lamar Q Ball Jr. Raptor Center, the Performing Arts Center, and other facilities and programs which serve the campus and community.
The Georgia Southern University Foundation, Inc. is a not-for-profit organization established in 1962 to raise and manage private dollars to meet the needs of Georgia Southern University that are not funded through state allocations.
The Georgia Southern University Foundation, Inc., is qualified by the Internal Revenue Service as a tax-exempt 501(c)(3) corporation.
Vision and Mission
The Georgia Southern University Foundation Inc. exists to raise private funding to meet certain educational and institutional needs at Georgia Southern University not addressed by state allocations.
The mission of The Georgia Southern University Foundation, Inc. is to assist Georgia Southern University in fulfilling its multifaceted mission and in its efforts to achieve educational excellence. The Foundation primarily accomplishes this mission by providing leadership in obtaining the resources needed to achieve the University’s goals and through responsible stewardship of the assets entrusted to the Foundation for the benefit and enhancement of the University.
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Mr. William R. Hickman, Jr. – Chair
Mr. Trip C. Addison – President
Mr. Robert L. Whitaker – Secretary & Treasurer
|Mr. Trip C. Addison
Vice President for University Advancement & External Affairs
President of University Foundation
|Mr. Paul Barkley
Clinical Operations Manager
Medical Center of Central GA
|Mr. David H. Brooker
President and CEO
Citizens Bank of
|Mr. Joe Drake
Vice President, Real Estate, Facilities and Security
|Mr. J. Truitt Eavenson
Vice President of Coastal Region, Georgia Power
|Mr. Richard T. Evans, Jr.
Evans General Contractors
|Ms. Jenny L. Gentry
Senior Vice President/Area Market President
|Dr. Carl Gooding
Dean Emeritus, COBA
Georgia Southern University
|Dr. Jaimie Hebert
Georgia Southern University
|Mr. John Ray Hendley
President, Hendley Properties
|Mr. William R. Hickman, Jr.
Partner, Dabbs, Hickman, Hill & Cannon, LLP
|Dr. John Hodges
Physician, Optim Healthcare
|Mr. Walter Huggins
Executive Vice President & Partner
Quadrant Real Estate Advisors
|Mr. Thomas W. Jones
Jones, Jones, Davis & Associates CPA, P.C.
|Mr. John W. Lane
| Mr. James B. Matthews, III
Blasingame, Burch, Garrand & Ashley, P.C.
|Mr. Jason E. McMillan
Senior Vice President &
Regional Corporate Banker
|Mr. James A. Medbery
Senior Vice President, Binswanger
|Mr. Stephen Milner
Planters Telephone Cooperative
Rocky Ford, GA
|Mrs. Dana Potts
President and CEO, S Bank
|Mr. Michael Sanders
Senior Vice President
UBS Financial Services
|Mr. David Settles
Vice President, State Street Global Advisors
|Mr. Joseph Daniel Speight, Jr.
Pinehurst Capital Group
|Mr. Paul Theriot, Jr.
East Georgia Regional
|Mr. James Van Epps
Van Epps LLC
| Mr. Robert L. Whitaker
Vice President, Business & Finance
Georgia Southern University
A long-term goal of The Georgia Southern University Foundation 501(c)(3) is to build the institution’s capacity to raise private funds in the future. Upon investigation and assessment by campaign consultant Marts & Lundy, several areas in University Advancement were found to be underfunded in terms of operations. A major goal is to build the infrastructure needed to make sure that the University has the strength to not only get through a forthcoming campaign, but to also maintain that same level of philanthropic investment as it moves into the future. As the University grows in its endowments and gifts, staff needs to grow as well. As the University moves into future campaigns, goals will be set higher and higher, and the need for adequate staffing will continue to increase as well. The Georgia Southern University Foundation (501c3) strives to utilize an equitable fee structure to cover operations essential to the Foundation’s overall operation. These fees were introduced and adopted by the Georgia Southern University Board of Trustees at their spring Board meeting on April 2, 2011.
Presenting at that meeting, consultant Marts & Lundy addressed combinations of methods typically used to raise funds in support of a campaign. A fee on endowment earnings and a gift reinvestment fee on all non-endowed gifts was presented by the VP for University Advancement, voted on and passed by the Board.
The Georgia Southern University Foundation began assessing a gift reinvestment fee of five percent on non-endowed gifts beginning July 1, 2011. This one-time fee is applied to all gifts and other revenue at month’s end. These fees are redirected to each of the colleges/outreach centers with a development officer to support their travel budget expenses, alumni relations events, and donor relations activities. These accounts were created at the same time the gift fee was established.
A one percent fee based on the endowment’s fair market value is assessed by the Foundation to each endowed fund on July 1 of every year. This fee also helps to support the operational needs for philanthropic growth at Georgia Southern.
Both fees serve to advance the mission of the Georgia Southern University Foundation – to ensure that Georgia Southern University achieves its vision of becoming a nationally recognized public comprehensive university.
- More institutionally-related foundations are using a management fee on endowed funds to fund their operations, according to the results of a CASE survey on foundation funding sources and budget restructuring. Eighty-three percent of foundations responding to the survey plan to assess an endowment management fee in fiscal year 2010, up from 68 percent that reported using the fee in a similar survey conducted in 2006.The most significant sources of funding for foundation budgets are support from the related institution and the management fee on endowed funds.Gift fees are becoming more popular as a source of funding foundation operations; more than one-third of responding foundations use gift fees on non-endowed and endowed gifts. (“More Foundations Relying on Endowment Management Fee to Fund Operations,” CASE, October 2009)
- Management fees on endowed gifts are the most common and significant funding sources for institutionally related foundations, according to survey results outlined in a new CASE white paper. A total of 184 foundations affiliated with four-year and two-year public colleges and universities participated in the survey.
Seventy-three percent of responding foundations assess a management fee on endowed funds. Foundations affiliated with master’s and research/doctoral institutions were much more likely to assess gift fees than foundations affiliated with bachelor’s institutions or community colleges. (“White Paper: Most IRFs Relying on Endowment Management Fees to Fund Operations,” CASE, June 2011)
Gift fees have become a fact of life on the educational fundraising landscape, particularly as the economy forces institutions to look for new revenue sources. In our own state, University of Georgia, Macon State, Georgia Health Sciences University, Georgia Tech, Valdosta State and Kennesaw State – among others – charge endowment and/or gift fees.
Every other place in which there are investments, fees are charged. It is the price of doing business and an investment in the organization. Most importantly, the University and the Foundation believe that investing in building a stronger philanthropic community is good, if not vitally important,for the future of Georgia Southern University.
Information on our fees is available and accessible in multiple locations – in proposals, fund agreements, in our annual report, and on our website.
Board Agendas and Minutes
October 4, 2017
May 9, 2017
October 27, 2016
May 3, 2016
October 29, 2015
May 4, 2015
October 30, 2014
May 6, 2014
November 2, 2013
May 4, 2013
November 3, 2012
May 19, 2012
September 10, 2011
April 2, 2011
February 1, 2011
November 6, 2010
May 15, 2010
February 2, 2010
October 17, 2009
Our Global Eagle Nation
From research opportunities in Ireland to student recruitment across the globe, Georgia Southern continues to make an impact both at home and internationally. The 2017 Giving Report illustrates the far reaching effect your donations are making.
You Made a Difference
The 2016 Giving Report allows readers to meet three students, who, in their own words, explain how donations have impacted their college careers and how that helped make a difference.
The 2015 Annual Report recognizes long term loyalty by highlighting five individuals each with more than 40 years of giving to Georgia Southern University. The report also showcases some of Georgia Southern’s most recent gifts and the impact they are making.
Embrace the Journey
Follow along with our students, faculty, and supporters as they take readers on a journey of excellence both in the classroom and beyond in the 2014 Annual Report.
Shaping the Future
The 2013 Annual Report allows the reader to meet individuals who, with their giving, are creating a legacy at Georgia Southern University and helping to shape the future.
A Caring Commitment
The 2012 Annual Report illustrates the important role that our donors, and their commitments, play in preparing Georgia Southern University for the future.
Audited Financial Statements
IRS Form 990
Last updated: 5/21/2018