Georgia Mining Foundation Inc.

Overview

The Georgia Mining Foundation Inc. is a non-profit organization established to support the educational endeavors of students in Georgia, particularly those pursuing careers related to the mining industry. It operates under the umbrella of the Georgia Mining Association, focusing on educational development and community support.

Mission and Activities

The primary mission of the Georgia Mining Foundation is to provide scholarships to deserving students. These scholarships are awarded annually to high school seniors who have been accepted into accredited Georgia colleges or universities. Eligible applicants must demonstrate academic achievement and reside in counties where Georgia Mining Association members have operations, which currently covers 112 counties across the state.

Scholarship Program

• Eligibility Criteria: Applicants must have completed specific high school courses in English, mathematics, science, history, and social science with an overall average of 85% or higher. They must also have SAT or ACT scores meeting minimum standards. Additionally, students are required to submit an essay detailing their activities, home life, plans for the scholarship money, and future aspirations. Financial need is also considered during the selection process.
• Scholarship Amount: Successful applicants can receive up to $500.
• Application Window: Applications typically open in late December and close in mid-February.

Financial Structure

The Georgia Mining Foundation operates through various revenue streams, including contributions, net fundraising events, and other income sources. It has no liabilities and maintains assets valued above $250,000. This financial stability allows the foundation to continuously support educational initiatives and award significant numbers of scholarships annually, exceeding seventy in recent years.

Board Composition

The Georgia Mining Foundation Board consists of industry professionals who guide the foundation's efforts. The board includes representatives from various companies associated with the mining sector in Georgia. Officers and directors are chosen from prominent firms within the industry, ensuring a strong connection between mining operations and educational support.

Contribution and Support

Contributions to the Georgia Mining Foundation are tax-deductible, allowing companies and individuals to support education initiatives while benefiting from tax advantages. The foundation relies on these contributions to maintain its scholarship programs, fostering relationships between local communities and the mining industry.

Impact on Local Communities

By offering educational assistance, the Georgia Mining Foundation plays a vital role in developing the skills and knowledge of the next generation in Georgia. This not only supports individual students but also contributes to the broader economic and social development of communities where mining operations are present.