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: Verified by RoundPaper

FY 2023

Verified NonprofitLast Filed 2023EIN 58-0706796

Medical College of Georgia Foundation Inc

AUGUSTA, GANTEE: B11Founded 1954Website

mission statement

The medical college of georgia foundation's most significant activities involve receipting, investing and distributing funds for the benefit of medical college of georgia and the health sciences at augusta university and its related teaching hospital. The foundation works with donors seeking to make charitable contributions for the benefit of the medical sciences at augusta university. It also distributes monies to the medical sciences at augusta university while providing oversight and stewardship of the charitable funds entrusted to it.

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Total Revenue

$17.6M

FY 2023

Program Spending

80.7%

of total expenses

Known Funders

2019–2024 filings

Key Metrics (FY 2023)

The Numbers

$382.0M

Total Assets

$366.3M net

317.49 mo

Operating Reserves

FY 2023

+9%

Revenue Growth

YoY

Total Employees

FY 2023

Funding Track Record

Backed by 29 Institutional Funders

$7.0M raised across 59 grants · +$725K committed (2019–2024 filings)

Funder Geography

Funders across 13 states (2019–2024 filings)

Institutional Funding by Year

PaidCommittedBoth

Funder	Location	Total Awarded
The Community Foundation for the Central	AUGUSTA, GA	$2,199,706
Fidelity Investments Charitable Gift Fund	BOSTON, MA	$1,901,800
Larry A & Edith R Cohen Foundation Inc	Alpharetta, GA	$1,000,000 +$725,000 committed
The Centene Charitable Foundation	ST LOUIS, MO	$1,000,000
Georgia Community Foundation Inc	PEACHTREE CORNERS, GA	$390,000
Morgan Stanley Global Impact Funding Trust Inc	INDIANAPOLIS, IN	$125,000
Donor Advised Charitable Giving Inc	SAN FRANCISCO, CA	$83,151
American Online Giving Foundation Inc	NEWARK, DE	$60,513
Medical Association of Georgia Foundation Inc	ATLANTA, GA	$50,000
Augusta Metropolitan Convention and Visitors Bureau Inc	AUGUSTA, GA	$46,419

Total tracked: $7,049,552 across 59 grants · +$725,000 committed across 1 commitment (2019–2024 filings)

Totals reflect grants as reported on funder tax returns. Timing may not match recipient revenue: funder and recipient fiscal years often differ, and grants paid by a funder in one year may be recognized by the recipient in a different year.

Programs (FY 2023)

What They Do

$11.2M in expenses

The foundation serves the needs and interests of the medical college of georgia, the augusta university health sciences campus and the augusta university health system. The foundation receives and administers funds for the support and enhancement of the medical college of georgia, the augusta university health sciences campus and the augusta university health system, and manages investments and distributed funds in accordance with donor instructions and board of director's intentions for gifts. The foundation provides support for faculty chairs, research in the health sciences fields, scholarships to qualified students and other institutional programs.

Financial History

Revenue Over Time

Revenue Mix

Contributions & Grants

81%

Investment Income

19%

Governance (FY 2023)

Leadership

Ian Mercier

Chief Executive Officer

Martyn Jones

President

Angela Rees

Coo/cfo

James Holmes

Vice President

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