UGA Real Estate Foundation Inc

The UGA Real Estate Foundation Inc. is a non-profit organization based in Athens, Georgia. It was incorporated on May 11, 1999, with the mission of managing and enhancing real estate assets primarily for the benefit of the University of Georgia and the University of Georgia Research Foundation.

Mission and Purpose

The UGA Real Estate Foundation's primary objectives include administering its assets for the long-term enhancement of the University of Georgia, providing volunteer leadership in development and fundraising activities, and offering broad advice and consultation to the University's President and the Research Foundation.

Financial Overview

As noted in recent financial reports, the UGA Real Estate Foundation generates revenue primarily through program services. Financial data highlights notable assets, liabilities, and revenues related to its operations. It often reports significant financial figures, with expenses closely aligned with its revenue, indicating targeted spending in line with its mission.

Governance and Operations

The organization is managed by a board whose members assist in guiding the strategic direction and financial stewardship of the foundation. The board includes trustees from various backgrounds, some of whom are ex officio members due to their roles at the University of Georgia.

Operations and Impact

One notable project associated with the UGA Real Estate Foundation is the development of real estate assets for the University, such as the construction of residence halls. While specific details about these projects are not always publicly detailed, the foundation's efforts contribute to enhancing the infrastructure and resources available to the university community.

Legal Status

The UGA Real Estate Foundation Inc. is designated as a tax-exempt non-profit organization under U.S. tax law. Donations to this organization are tax-deductible. It is categorized as a philanthropic and grantmaking foundation.

Classification

The foundation is formally classified under the National Taxonomy of Exempt Entities (NTEE) as a Private Grantmaking Foundation, focusing on philanthropic and voluntarism activities. It is not primarily engaged in fundraising through contributions but derives income from program services and investment activities.