Post on 05-Aug-2020
GT FOUNDATION PRESENTATIONSPRING 2017 GTAB
G A RY J O N E S , C H A I RA P R I L 1 0 , 2 0 1 7
It is the mission of the Georgia Tech Foundation, its Board of Trustees, officers and staff to foster and manage gifts given in support of academic excellence in the spirit and traditions of the Georgia Institute of Technology. The Foundation is honored to be entrusted with this mission and encourages every person working on its behalf to always:
Receive and manage financial donations received by the Foundation for support and enhancement of the Georgia Institute of Technology
Assist the Georgia Institute of Technology in its role as a leading educational and research institution
Promote the cause of higher education in the state of Georgia
501c3 corporation governed by:§45 Maximum Elected Trustees§69 Emeritus Trustees§4 Officers§4 Ex-officio voting members
President of Georgia TechChair, Georgia Tech Advisory BoardChair, Past Chair, Chair-Elect on Alumni Association
Total Assets $1.964 BillionInvestment Pool $1.541 Billion As of 2/28/17
July 1, 2015 – June 30, 2017
Gary Jones ChairJohn Brock Vice Chair-Chair ElectJoe Evans TreasurerJim Lientz Past Chair
Al Trujillo President Mark Long Corporate Secretary/CFO
Al TrujilloPresident
Jim TaylorChief Investment
Officer
Mark LongChief Financial
Officer
Dwight DozierChief Information
Officer
Pat WichmannChief Administrative
Officer
Cailen BelangerExecutive Assistant
• Develop and implement long term investment program for the
Foundation’s investment pool
• Receive, account for and disburse
funds in accordance with
Board of Trustees approved budget and donor intent
• Oversee Advance Document
Management system with
interface to all GT constituents
• Provide all end-users a self-service reporting system, help desk, training and policies and
procedures
• Oversee general GTF operations
• Manage GTF Administrative
needs
• Stewardship for GTF Trustees
Senior Team
Foundation Standing CommitteesCommittee Chair Key Activities
Executive Committee Gary Jones
§ Advise the Board on matters within its special competence and undertake special projects in furtherance of the purposes of the Foundation
Finance Committee Joe Evans
§ Review all expenditures from unrestricted and restricted funds and recommend financial policies to the Executive Committee, including but not limited to spending and debt policies
Investments Committee Larry Huang § Manage the Foundation’s investments, including asset
allocation
Real Estate Committee David Flanagan § Oversee all matters concerning real estate owned or
operated by, or being considered by, the Foundation
Development Committee Bob Anclien
§ Work with GIT, the Office of Development and the President’s Office to develop and coordinate fundraising activities
Stewardship Committee Walt Ehmer § Communicate with donors expressing appreciation for
and reporting results of their contributions
AuditCommittee Kelly Barrett
§ Select a CPA firm to conduct yearly audit§ Examine audit report and give annual report to the
Board
TOTALGEORGIATECHFOUNDATIONASSETSTHROUGH2/28/17
(INMILLIONS)
$406 $2,503 $.28M $.93M $3.7M $22M
$179M$325M
$899M
$1,247M
$1,438M
$1,964M
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
$2,000
Millions
GTF TOTAL ASSETS, LIABILITIES,NET ASSETS
FY96 – FY17 (2/28/17)(IN MILLIONS)
$0
$500
$1,000
$1,500
$2,000
$2,500
$409
$1,108
$1,630
Mill
ions
Net Assets$1,463M
Liabilities$501M
Total Assets$1,964M
Cash and cash equivalents
$6 MillionContributions Receivable$78 Million
Investment Pool$1,541 Million
Other Investments$33 Million
Other Assets$10 Million
Leases Receivable $164 Million
Charitable Remainder
Trusts$28 Million
Capital Reserve Funds
$8 Million
Capital Assets $96 Million
$1,343
$1,023$1,125
$1,324$1,275$1,387
$1,546 $1,540$1,468 $1,541
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
6/30/08 6/30/09 6/30/10 6/30/11 6/30/12 6/30/13 6/30/14 6/30/15 6/30/16 2/28/2017
Mill
ions
Restricted Endowment
Unrestricted Unrestricted Endowment
$87M6%
$1,047M68%
$162M10%
$245M16%
RestrictedExpendable
2,700Accounts
1,500Accounts
13.2%
3.2%**
5.6%**
4.7%**
13.3%
3.6%**
5.6%**
2.8%**
7.7%
6.2% 6.4%6.8%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
Georgia Tech FoundationPolicy PortfolioCPI (Consumer Price Index) +5%
*Annualized** Includes the “actively” managed portions of GTF’s investment pool.
ONE YEAR THREE YEAR* FIVE YEAR* TEN YEAR*
Performance DataFebruary 28, 2017
Asset Class 2/28/17
AllocationsStrategic Targets*
Allocation Ranges
U.S. Equities 21.2% 24.6%**International Equities 21.2% 21.6%**
Global Stocks 42.4% 46.2% 30-54%
Fixed Income 10.8% 9.9% 9-20%
Hedge Funds 21.5% 18.7% 10-24%
Private Equities 15.8%Real Estate 2.8%Oil & Gas/Timber 4.9%
Total Private Investments 23.5% 23.0% 35% max
Cash 1.9% 2.2% 0-10%*Adjusted for the private investments shortfall vs its 30% target** Relative U.S. and international equity weights in the MSCI ACWI equity index 100.0% 100.0%
$101
$61$37
$20
-$104
$106
$9 $9 $13
$130
-$34
$156
-$150
-$100
-$50
$0
$50
$100
$150
$200
FY15 (8 Months) FY16 (8 Months) FY17 (8 Months)
Gift Revenue Investment Other Revenue Total Revenue
In M
illio
ns
$74
$93
$116
$99$107 $111
$96
$116
$131
$102$111 $113
$123
$0
$20
$40
$60
$80
$100
$120
$140
FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17*
In M
illion
s
*FY17 is Forecasted
GTFREALESTATEACTIVITIESGT Hotel & Conference Center
Biltmore
Coda Land Lease
Sungard Data Center
Completing strategic review of direct real estate investment strategy.
Thank You!