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Georgia · Nonprofit

GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC

GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC (Georgia) receives grants from 126 organizations whose IRS filings report $69,045,301 to it, the largest being GATES FOUNDATION ($9,393,021). 78 of them have funded it in more than one year.

Revenue FY2025
$154M
Funders on record
126
Grants received
$69M
Net assets
$47M
78/126 repeat funderspeak grant-dependency 12%
01What it does

What Georgia State University Research Foundation Inc does

Mission

The corporation has been organized to engage in activities and pursuits which contribute to the educational, research, and service functions of georgia state university. Thus, the corporation will attempt to secure gifts, contributions, and grants from individuals, industrial or other private organizations, governmental agencies or other public agencies and obtain and/or enter into contracts with such individuals or entities for the performance of sponsored research, development, or other programs to be performed under subcontract by georgia state university.

As stated on its FY2025 Form 990.

Programs

On its FY2024 return the organization reported starting a significant new program.

Georgia state university is home to a broad research community that ranges from students learning basics to experts expanding boundaries of their fields. Research topics in 2024 included vaccine development, exploring economic impacts of tariffs, unlocking science behind functional food, building robotics to assist in agriculture, and searching for life in the cosmos.

Its own explanation, from Schedule O of that return (Part III, line 2).

  1. Research grants are awarded to georgia state university. Georgia state university is a premier urban public research university, solving global challenges in human health. Researchers utilize the university's state-of-the-art facilities and work across the disciplines to address critical quality of life issues, such as cancer, obesity, inflammation, vaccine development, child and adult literacy, and public health issues related to smoking, and other chronic diseases. Annual grant awards received at the university have exceeded the $100 million milestone for the past three years. Federal sponsorship accounts for over 70 percent of the total grant award volume at the university.

    $143,094,889 spentof which $142,636,092 as grants$92,001 earned by the program
    97% of program spending
  2. The foundation supported the learning engineering tools competition in 2024, a multi-million dollar prize challenge to leverage technology, data, and learning science to meet the urgent needs of learners across generations. The competition invited technologists, digital learning platforms, researchers, students, and teachers from around the globe to propose innovative tools or technologies targeting one of the four following areas in education: acceleration of learning in elementary and secondary literacy and math; transformation of k-12 assessments in both cost and quality; facilitation of faster, better, and cheaper learning science research; or driving improvements in adult learning that boosts wages.

    $4,087,070 spent$1,746 earned by the program
    3% of program spending

The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $147,181,959.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($98M) Expenses 100 ($97M) Net assets 100 ($25M)2018 Revenue 101 ($99M) Expenses 101 ($98M) Net assets 106 ($26M)2019 Revenue 99 ($98M) Expenses 98 ($95M) Net assets 113 ($28M)2020 Revenue 109 ($107M) Expenses 108 ($105M) Net assets 123 ($31M)2021 Revenue 105 ($103M) Expenses 103 ($101M) Net assets 132 ($33M)2022 Revenue 125 ($123M) Expenses 119 ($116M) Net assets 153 ($38M)2023 Revenue 139 ($136M) Expenses 136 ($132M) Net assets 170 ($43M)2024 Revenue 155 ($152M) Expenses 155 ($150M) Net assets 175 ($44M)2025 Revenue 157 ($154M) Expenses 156 ($151M) Net assets 189 ($47M)
'17'18'19'20'21'22'23'24'25
Revenue (157)Expenses (156)Net assets (189)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $170M to $93M (−45%).

$148M
$146M
$145M
$147M
$170M
$93M
$110M
$111M
$124M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 77% · 2018 77% · 2019 75% · 2020 76% · 2021 79% · 2022 75% · 2023 76% · 2024 75% · 2025 76%. Grants only. Government contracts and fees sit inside program revenue.

98% of GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (14% for the typical peer).

This organization
Typical peer · 732 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.

$965k
’17
$1.3M
’18
$2.3M
’19
$2.3M
’20
$2.7M
’21
$6.8M
’22
$4.2M
’23
$1.8M
’24
$2.7M
’25
2.4
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Donald Hamelberg

Chairperson

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed101010101010101010
Joined·+2+1+3+2+1+2+1+1
No longer listed·21321211
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 20 funders to 42 funders, grant income rose $1.8M → $14M.

13 of 126 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 25% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $22M from 25 payers (the payer shares this organization's board, largest Emory University). These are real filings, and they are not money GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC raised.

From the IRS filings of GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC’s funders (the co-funder graph). Top 30 of 126 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC has a broad base — no single funder exceeds 14% of grant income, and it takes 8 funders to reach half.

the vertical line marks half of all grant income — 8 funders to its left

57% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC.

14%
largest funder
29%
top three
~22
effective funders

Largest funder’s share by year: 2017 24% · 2018 18% · 2019 41% · 2020 25% · 2021 13% · 2022 16% · 2023 19% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

34% of GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC's funders are still giving 3 years after their first grant; 62% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC draws 90% of its grant income from funders outside Georgia, across 27 states in all.

ME
WA
MN
IL
WI
MI
NY
MA
IN
PA
NJ
CT
RI
CA
CO
MO
VA
MD
DE
AR
TN
NC
DC
LA
GA
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Georgia out of state home

Funder states come from each funder’s own filing. $17M arriving through sponsors registered in 10 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC is better cushioned than half of the 684 education nonprofits its size.

Operating margin2% · below the median
Months of reserve2.4mo · above the median
Revenue growth (annualized)6% · above the median

this organization peer median middle 50% of peers· 684 education nonprofits over $100M, FY2025

Government funding GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $788.7M on record.

Federal$788.7M
grants $752.3Mcontracts $36.4M
17
18
19
20
21
22
23
24
25
26
Top agencies
  • Department of Health and Human Services$493.6M
  • Department of Education$125.1M
  • National Science Foundation$109.0M
  • Department of Defense$32.4M
  • Department of Energy$13.3M
  • Department of Justice$4.6M

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Georgia

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

97% of spending goes to programs.

Program 97%Management 3%Fundraising 0%

Governance

10
board members
0%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

98%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

GA

Part of a family of 5 related entities

  • Gsu Research Center LLC · disregarded
  • Panther Bookstore LLC · disregarded
  • Science Park LLC · disregarded
  • Gsu Mtm Standard LLC · disregarded
  • Georgia State University · exempt

Screen this organization

A dated, signed PDF of the compliance screen for GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC?
GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC (Georgia) receives grants from 126 organizations whose IRS filings report $69,045,301 to it, the largest being GATES FOUNDATION ($9,393,021). 78 of them have funded it in more than one year.
How many funders does GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC have?
IRS filings report 126 organizations giving $69,045,301 in grants to GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC, 78 of which have funded it in more than one year.
Who is the largest funder of GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC?
GATES FOUNDATION is the largest funder on record, with $9,393,021 in grants. The full list of funders is on this page.
How can an organization like GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Georgia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 126 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing