Overview
What is Medical College Of Georgia Foundation Incorporated?
The Medical College of Georgia Foundation Incorporated, based in Augusta, Georgia, functions as a charitable organization dedicated to supporting the needs and interests of the Medical College of Georgia, the Augusta University Health Sciences Campus, and the Augusta University Health System. Through receiving, investing, and distributing funds, the Foundation enhances these institutions and manages investments and distributed funds according to donor instructions and the Board of Directors' intentions. The Foundation's primary activities involve working with donors to make charitable contributions and distributing monies to the Medical College of Georgia and the Health Sciences at Augusta University while providing oversight and stewardship of the charitable funds entrusted to it. With a mission to improve the quality of life for people in Georgia, the nation, and the world, the Foundation furthers education, research, and patient care at Augusta University. Currently, the Foundation employs approximately twenty individuals.
Official website here: www.mcgfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100% (Four-Star out of Four Star rating)
The Medical College of Georgia Foundation Incorporated has achieved a perfect score of 100% on Charity Navigator, indicating exemplary performance in accountability and finance. This high rating reflects the foundation's commitment to transparency and effective governance, with all board members being independent and a strong audit and oversight structure in place. Their financial health is underscored by a low liabilities-to-assets ratio and a program expense ratio that suggests a significant portion of their budget is allocated to programs rather than administrative costs.
Strengths noted in the evaluation include a thorough conflict of interest policy, a whistleblower policy, and the proper retention and destruction of documents, all of which contribute to a robust ethical framework. The foundation also provides access to important documents, like board meeting minutes and financial statements, to the public, further enhancing trust with stakeholders. This level of openness demonstrates a proactive approach to accountability.
While the foundation has shown exceptional performance in its financial practices, there are no noted limitations or issues in the available data. The organization appears to be well-managed, with no indications of financial irregularities or governance concerns, making it a trustworthy option for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Medical College Of Georgia Foundation Incorporated legitimate?
Medical College Of Georgia Foundation Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Medical College Of Georgia Foundation Incorporated submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $866,685
Professional Fundraising Fees: $0
Other Salaries and Wages: $594,274
For more financial information, click here
Official website here: www.mcgfoundation.org
What is the mission statement of Medical College Of Georgia Foundation Incorporated?
The Medical College of Georgia Foundation's primary role involves managing charitable contributions for the benefit of the Medical College of Georgia and the Health Sciences at Augusta University. The Foundation works closely with donors to support the advancement of education, research, and patient care at Augusta University. Its mission is to enhance the quality of life for people around the world by furthering the progress of medical sciences at Augusta University. The Foundation manages funds and investments in accordance with donor instructions and board intentions, providing support for faculty chairs, research in health sciences fields, scholarships for qualified students, and various institutional programs. The ultimate goal is to make a positive impact on the medical community and contribute to the betterment of healthcare.
Official website here: www.mcgfoundation.org
Who is the CEO of Medical College Of Georgia Foundation Incorporated?
J Benjamin Deal Dmd is the Chairman of Medical College Of Georgia Foundation Incorporated. The CEO's salary of Medical College Of Georgia Foundation Incorporated is $220,915 and their total compensation is $257,280.
Official website here: www.mcgfoundation.org
What is the revenue of Medical College Of Georgia Foundation Incorporated?
Medical College Of Georgia Foundation Incorporated's revenue in 2022 was $14,423,527.
Official website here: www.mcgfoundation.org
Who are the executives of Medical College Of Georgia Foundation Incorporated and what are their salaries?
The average compensation at Medical College Of Georgia Foundation Incorporated during 2022 was $73,048. There are 20 employees and 20 volunteers at Medical College Of Georgia Foundation Incorporated.
Here are 22 key members and their salaries (Medical College Of Georgia Foundation Incorporated's CEO's salary is $220,915 and their total compensation is $257,280):
- Compensation: $220,915
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- Other: $36,365
- Compensation: $189,000
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- Other: $29,643
- Compensation: $163,641
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- Other: $27,107
- Compensation: $138,375
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Official website here: www.mcgfoundation.org
Where can I find the form 990 for Medical College Of Georgia Foundation Incorporated?
Medical College Of Georgia Foundation Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mcgfoundation.org
Learn more at the official website: www.mcgfoundation.org
Mission Statement of Medical College Of Georgia Foundation Incorporated
The Medical College of Georgia Foundation, a renowned organization, is dedicated to enhancing the quality of life for people around the world by supporting the advancement of education, research, and patient care at Augusta University. The Foundation's primary role involves receiving, investing, and distributing funds for the benefit of Augusta University and its related teaching hospital. It acts as a bridge between donors seeking to make charitable contributions for the betterment of medical sciences and the Medical College of Georgia.
The Medical College of Georgia Foundation serves the needs and interests of the Medical College of Georgia, the Augusta University Health Sciences Campus, and the Augusta University Health System. It administers funds for the support and enhancement of these institutions and manages investments and distributed funds in accordance with donor instructions and the intentions of the Board of Directors for gifts. The Foundation provides essential support for faculty chairs, research in the health sciences fields, scholarships to qualified students, and other institutional programs. By engaging in these activities, the Medical College of Georgia Foundation contributes significantly to the advancement of medical knowledge and the delivery of high-quality healthcare services.
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Impact
October, 2024
The Medical College of Georgia Foundation plays a crucial role in enhancing the quality of healthcare education and services in Georgia and beyond. By receiving, investing, and distributing funds, the Foundation directly supports the Medical College of Georgia, Augusta University Health Sciences Campus, and associated teaching hospitals.
Through its financial stewardship, the Foundation facilitates faculty chairs, funds vital research in health sciences, offers scholarships to deserving students, and bolsters various institutional programs. This support cultivates a thriving educational environment, ensures advancement in medical research, and enhances patient care capabilities within the Augusta University Health System.
Ultimately, the Foundation's impact is reflected in the improved quality of life for individuals, not just locally, but also on a national and global scale, as it fosters the training of healthcare professionals and the advancement of medical knowledge.
This information is meant to be a general summary of Medical College Of Georgia Foundation Incorporated. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,088,011
- Gross Receipts: $25,721,314
Assets and Liabilities:
- Total Assets: $324,381,172
- Total Liabilities: $17,662,348
- Net Assets: $306,718,824
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Organization Details
Founding Year
1954
Phone
(706) 823-5500Principal Officer
J Benjamin Deal Dmd
Main Address
720 ST SEBASTIAN WAY 150, AUGUSTA, GA, 30901
Website
www.mcgfoundation.orgNTEE Category
Code: B11 - Education
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