Annual Report

2018

ANNUAL REPORT

Supporting the Advancement of Education, Research, and Patient
Care at the Medical College of Georgia.

CHAIRMAN'S STATEMENT

Fellow Alumni and Friends:

2018 has been an exciting year for the Medical College of Georgia Foundation! We are so glad that each of you has been on this journey with us and I appreciate every one of you for your support of this institution that holds so much of our past, present and future.

This university also meant a lot to Dr Harold Harrison and the generosity of his family back in 2012 continues to have an impact on MCG. This year, five Harrison scholars received their diplomas and continued their journey to become physicians. We are so proud of each of them for their commitment and know they will achieve great success in their careers.

In June, the MCG Foundation moved into our new space on St Sebastian Way in the old Sutherland Mill textile building. RW Allen Construction completed the 6,000 square foot space that features natural lighting in the offices and conference rooms including a spacious board room with state-of-the-art technology. Every effort was made to maintain the natural features of this building.

We continue to make strides on the 15th Street development project. We have engaged Daniel Communities and have been working with Doug Neil to develop plans and strategies regarding the 15th street development. Our plans for a mixed-use development will both enrich our students’ educational experience and provide meaningful change to surrounding neighborhoods.

This year, we also welcomed Paceline, a 2-day event that will welcome bike riders from all over the country to participate in a fundraiser for the Georgia Cancer Center. Paceline is based on the successful Pelotonia race in Ohio that has been successful in raising money for the Cancer Research Center at Ohio State. Paceline Weekend will be held in Augusta May 10-11, 2019.

Finally, it has been my personal pleasure to serve the Foundation in a new era of cooperation and growth. Without your support and care none of these things would be possible. It is my hope and belief that the Medical College of Georgia will always have a premier place in our university. With your help we will.

J. Ben Deal, DMD
MCG School of Dentistry Class of 1974
MCG Foundation
Chairman of the Board

EXECUTIVE COMMITTEE

J. Ben Deal, DMD, Chair
Paul G. Turk, MD, Vice-Chair
Sandra N. Freedman, MD
Ellen S. Goodrich, BSN, MN
J. Daniel Hanks Jr., MD**
Brooks A. Keel, PhD***
Christopher J. Mann, MD
Sam Richwine Jr., MD
Lloyd B. Schnuck Jr., MD

FINANCE COMMITTEE*

Ellen S. Goodrich, BSN, MN, Chair
Charles G. Green Jr., MD
J. Daniel Hanks Jr., MD**
Christopher J. Mann, MD
Tat Thompson
Paul G. Turk, MD

INVESTMENT COMMITTEE*

Paul G. Turk, MD, Chair
Ellen S. Goodrich, BSN, MN
J. Daniel Hanks Jr., MD**
Christopher J. Mann, MD
Tat Thompson
Cecil F. Whitaker Jr., MD**

SCHOLARSHIP & STEWARDSHIP SUBCOMMITTEES

Sandra N. Freedman, MD, Chair
Ellen S. Goodrich, BSN, MN
Charles G. Green Jr., MD
Judith V. Hodnett, RN, MSN
Alva L. Mayes Jr., MD**
D. Ronald Spearman, MD

REAL ESTATE COMMITTEE*

J. Ben Deal, DMD, Chair
James M. Hull, LHD
Joshua A. Lane, MD
Ellen S. Goodrich, BSN, MN
Judith V. Hodnett, RN, MSN
Tat Thompson
Don Grantham

**Emeritus Member

THE CHAIRMAN OF THE BOARD RESIDES ON ALL COMMITTEES

FINANCIALS

ENDOWMENT VALUE

The Medical College of Georgia Foundation’s (the “Foundation”) Total Fund returned 13.1% in fiscal year 2017. In fiscal year 2017, the total fund grew to $230.6 million, including approximately $27.0 million in investment gains and $4.6 million in negative cash flow. Over the past 10 fiscal years, the Foundation has grown approximately $112.0 million from its $118.7 million market value at June 30, 2007. With annual net investment returns of 5.2% since July 1998, the Foundation has performed in line with its stated Policy Index.

GIFTS TO MCG FOUNDATION FOR FISCAL YEAR 2017

Total Donors

Total # Of Gifts

$3.6M

Total Value Of Gifts