UGA Foundation allocates more than $3.3 million to enhance UGA academics

July 1, 2013

Chip Stewart

Chip Stewart

Director of Foundation and Marketing Support

Recent and archived articles by Chip Stewart

Work: 706-542-4583
Kelly Simmons

Kelly Simmons

Director of Communications

Recent and archived articles by Kelly Simmons

Public Service and Outreach
Public Service and Outreach, Office of Vice President for
Work: 706-542-8059
Cell: 706-296-0855

Related Sites

Athens, Ga. -- The University of Georgia Foundation announced it will provide an additional $3.3 million to the university for support of academic initiatives, including student scholarships and endowed professorships. The Foundation stated additional funding was available from unrestricted investment returns for the fiscal year ending June 30.

The foundation board voted unanimously to use the funds for specific needs identified by President Jere W. Morehead.

Highlights of the funding include:

• $500,000 for need-based student scholarships;
• $200,000 for professional school scholarships;
• $125,000 for endowed professorships (to match a donor commitment);
• $500,000 for the UGA Washington Semester Program; and
• $500,000 for study abroad scholarships.

The board also earmarked $1 million for the purchase of a permanent facility to house the UGA Washington Semester Program, founded in 2008 to provide students opportunities for internships in the national capital while taking classes.

The funding is in addition to more than $40 million in annual support provided by the foundation to the university and $500,000 provided earlier this fiscal year for endowed professorships.

"One of the great traditions of this foundation has been its ability to grow the endowment year after year and to realize significant budget surpluses that allow for funding in areas that will provide great benefit to our students and faculty," outgoing foundation chairman Bill Young Jr. said. "We were pleased to work with President Morehead to fill key areas of need he identified and look forward to continuing this tradition in the years ahead."
The funding dedicated to need-based scholarships will support the Gateway to Georgia program, launched earlier this year, which benefits students who are outstanding academically but who might not be able to afford the full cost of a UGA education.

Morehead also requested that the $220,000 budgeted for the 2014 Celebration of Support, which recognizes UGA's top donors, be redirected to the Georgia Access Scholarship, which provides funding for the neediest students at UGA.

Morehead plans to form a group to review the Celebration of Support and make recommendations for future events.

Funding for a Washington facility will allow UGA to have a permanent space in the capital for undergraduate students to live together and take classes, while interning in congressional offices, museums, nonprofit organizations, government agencies and media outlets, among others. Since the program began UGA has leased residential and academic space. Owning a facility will allow the university to better control costs and have a fixed presence in Washington, as do many other universities.

Since spring 2008, 189 undergraduate students representing eight colleges and schools and 47 majors have participated in the program.

Note to editors: This release was updated July 10.




Filed under: University News, Institutional Initiatives

Media Relations

Executive Director for Media Communications
Greg Trevor

706 / 542-8025
Executive Editor for Media Relations
David Bill

706 / 542-9150
Media Relations Coordinator
Sara Freeland

706 / 542-8077
Media Relations Coordinator for Broadcast
Melissa Jackson

706 / 542-8089

Open Records

Open Records Manager
Bob Taylor

706 / 542-8095