The Georgia Tech Foundation provides financial assistance to the
Georgia Institute of Technology. It was founded in 1932 and chartered under the tax laws of the
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., federal district, five ma ...
as a non-profit
501(c)(3) corporation. In 2013, the Foundation provided $130.8 million in support of the Institute, including $20.7 million in scholarships, fellowships and loan funds to 3,563 students. As of June 30, 2013, the Foundation had $1.729 billion in assets. In 2013, the Foundation provided financial support for 200 students to participate in the
G. Wayne Clough Georgia Tech Promise Program, a transforming scholarship program for
Georgia
Georgia most commonly refers to:
* Georgia (country), a country in the Caucasus region of Eurasia
* Georgia (U.S. state), a state in the Southeast United States
Georgia may also refer to:
Places
Historical states and entities
* Related to t ...
residents whose family income falls below 150 percent of the federal poverty level. Students who qualify for the program can graduate from Georgia Tech debt free.
History
The Georgia Tech Foundation came into existence in 1932. As the result of a petition for a charter by several prominent alumni, including
Y. Frank Freeman
Young Frank Freeman (14 December 1890 – 5 February 1969) was studio head at Paramount Pictures from 1938 to 1959. Freeman was born in Greenville, Georgia, and graduated from the Georgia Institute of Technology in 1910. In addition to his wor ...
('10),
William H. Glenn
William H. Glenn (1872–1940) was an 1891 graduate of the Georgia Institute of Technology and president of the Southeastern Compress and Warehouse Company.
Early life and education
Glenn was born in 1872 in Cave Spring, Georgia. He was the firs ...
('10), Robert Gregg ('05), and
Frank Neely ('04), the Georgia Tech Alumni Foundation, Inc. was incorporated in January 1932. Originally formed to sell insurance policies to alumni, in 1950 the organization's charter and bylaws were changed, and in 1954, the organization became known as the Georgia Tech Foundation, Inc.
["https://www.library.gatech.edu/archives/finding-aids/view?docId=ead/UP028-ead/UP028-ead.xml;query=;brand=default" Georgia Tech Foundation Publications Retrieved 2016-11-21]
References
External links
Official website
Educational foundations in the United States
Georgia Tech
Organizations established in 1932
Charities based in Georgia (U.S. state)
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