EIN 58-0706796

Medical College of Georgia Foundation Incorporated

IRS 501(c) type
501(c)(3)
Num. employees
18
State
Year formed
1954
Most recent tax filings
2023-06-01
Description
Medical College of Georgia Foundation Incorporated receives, invests, and distributes funds to benefit Medical College of Georgia and the health sciences at Augusta University and its related teaching hospital. Its mission is to improve the quality of life by supporting the advancement of education, research, and patient care at Augusta University. 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.
Also known as...
MCG Foundation
Total revenues
$16,214,900
2023
Total expenses
$12,614,609
2023
Total assets
$348,977,270
2023
Num. employees
18
2023

Program areas at Medical College of Georgia Foundation Incorporated

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.

Grants made by Medical College of Georgia Foundation Incorporated

GranteeGrant descriptionAmount
Augusta UniversityInstitutional Support$9,487,963

Who funds Medical College of Georgia Foundation Incorporated

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Amy and Lamar Warren Research FundGeneral Operating$55,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$35,350
The Community Foundation for the Central Savannah River AreaCharitable Purpose$24,265
...and 8 more grants received

Personnel at Medical College of Georgia Foundation Incorporated

NameTitleCompensation
Ian S. Mercier, MBA, MPAPresident and Chief Executive Officer$272,665
Tim KearneyChief Operating Officer$102,025
Angela ReesChief Financial Officer$156,875
James HolmesVice President , Paceline$119,900
John EllingerDirector of It$105,910
...and 8 more key personnel

Financials for Medical College of Georgia Foundation Incorporated

RevenuesFYE 06/2023
Total grants, contributions, etc.$14,330,039
Program services$0
Investment income and dividends$1,153,747
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-495,124
Net gain from sale of non-inventory assets$1,595,104
Net income from fundraising events$-373,866
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$5,000
Total revenues$16,214,900

Form 990s for Medical College of Georgia Foundation Incorporated

Fiscal year endingDate received by IRSFormPDF link
2023-062024-04-04990View PDF
2022-062023-04-12990View PDF
2021-062022-03-02990View PDF
2021-062022-02-18990View PDF
2020-062021-05-20990View PDF
...and 10 more Form 990s
Data update history
July 11, 2024
Received grants
Identified 1 new grant, including a grant for $55,000 from Amy and Lamar Warren Research Fund
May 24, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 20, 2024
Updated personnel
Identified 3 new personnel
January 2, 2024
Received grants
Identified 5 new grant, including a grant for $62,500 from Amy and Lamar Warren Research Fund
June 15, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Grantmaking organizationsSchoolsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Provides grantsFundraising eventsState / local levelReceives government fundingEndowed supportTax deductible donationsAccepts online donations
General information
Address
720 St Sebastian Way 150
Augusta, GA 30901
Metro area
Augusta-Richmond County, GA-SC
County
Richmond County, GA
Website URL
mcgfoundation.org/ 
Phone
(706) 823-5500
Facebook page
MCG.AUG 
IRS details
EIN
58-0706796
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1954
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B50: Graduate, Professional Schools
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Central organization
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