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Georgia Tech Foundation

From Wikipedia, the free encyclopedia

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 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 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.[1]

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Transcription

[MUSIC PLAYING] The global challenges of the 21st century require innovative thinking, technological ingenuity, and bold action. The Georgia Institute of Technology is meeting these challenges head on and making life better for people around the world and in our own neighborhood. Georgia Tech students are highly motivated problem solvers who strive for both personal success and a better world for us all. Our students have won Rhodes scholarships, tutored and mentored local school children, and played pivotal roles in groundbreaking research projects. Georgia Tech definitely challenges you, but that's a big part of the reason why it's so great to be here. When you finish a tough class or a really demanding research project, you know you've accomplished something major. Georgia Tech is has one of the largest technological research enterprises in the United States. Our world-class faculty are engaged in a broad range of projects that have real impact on the quality of life. When I think about research-- and as a faculty member, we do research-- I not only think about the creation of knowledge, I think about how that knowledge will actually impact people's lives and make people's lives better. This is similar to the work that we did in Haiti where we came back to Georgia Tech, we developed solutions for safe housing, and then took that to Haiti to help them develop safe and affordable ways to construct homes following the 2010 earthquake. This is a reason that Georgia Tech, I think, is a very special place in terms of how they impact people's lives and impact society. Helping industry to operate more efficiently and profitably has always been central to Georgia Tech's mission. Through our Enterprise Innovation Institute, we help government and industry apply science, technology, and innovation to improve productivity. Among the Institute's comprehensive programs is one of the nation's most respected technology incubators, The Advanced Technology Development Center, whose graduate companies have gone on to raise more than $1 billion in external financing. The culture at Georgia Tech is remarkable. It is one of innovation. It is one of though leadership. Whether it's the faculty, the administration, the research scientists, or the students, it's a culture of innovation which will translate into major economic development opportunities, both on the Metro Atlanta area, the state of Georgia, the United States, and in fact, the globe. Graduating good global citizens is one of Georgia Tech's highest strategic priorities, and we accomplish this goal in a variety of ways: An international plan option offered with nearly all of our undergraduate degrees, study and work abroad programs in nations around the world, and international education and research platforms in France, Ireland, Panama, and Singapore. Today's students must have an education that prepares them for success in a global marketplace, and Georgia Tech is leading the way in providing this critical foundation. I did two study abroad programs in South America that really opened my eyes to see what it takes to succeed, both personally and professionally, in a foreign culture. After doing them and coming back, my whole view of Georgia Tech and the world around me was changed forever. I would definitely say my career goals, my personal goals for my life, have changed for the better. Constantly anticipating and embracing change has been part of Georgia Tech's DNA for more than 125 years. We are passionately pursuing our goal of defining the technological research university of the 21st century and improving human life on a global scale. We look forward to the possibilities of the next 125 years. [MUSIC PLAYING]

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 ('10), William H. Glenn ('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.[2]

References

  1. ^ "Annual Report 2013". Georgia Tech Foundation. Retrieved 2013-12-27.[permanent dead link]
  2. ^ "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

External links


This page was last edited on 29 December 2019, at 23:05
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