Georgia Tech Applied Research Corporation
The Georgia Tech Applied Research Corporation (GTARC) is organized and operated to support the research activities of the Georgia institute of technology in the areas of innovative research, technical assistance and economic development.
Georgia Tech Applied Research Corporation at a glance
In short: Georgia Tech Applied Research Corporation gave $10.1M across 1 grant in 2025 (avg $10.1M), mostly in Georgia. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $10,060,430
- -14.4% vs 2024
- Grants made (2025)
- 1
- -50.0% vs 2024
- Average grant
- $10,060,430
- +71.3% vs 2024
- Median grant
- $10,060,430
- Total assets
- $443,441,143
- +10.7% vs 2024
- Primary geography
- Georgia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Georgia Tech Applied Research Corporation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Georgia Institute of Technology ($10.1M).
Grant Size Distribution
9 grants across all recorded years
The most common grant size was in the $1–5M range: 7 grants of 9 (78%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Georgia Tech Applied Research Corporation gives
- Giving grew 306% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $2.4M (2020) to $11.7M (2024). In 2025 it made 1 grant totaling $10.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Georgia Institute of Technology Atlanta, GA | Strategic Research Support & Research Program Support | $10,060,430 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $443,441,143 | $985,760,672 | $987,951,662 | $10,060,430 | 1 | $4,394,105 |
| 2024 | $400,581,870 | $903,257,158 | $907,100,849 | $11,747,479 | 2 | $4,586,360 |
| 2023 | $355,628,608 | $832,626,634 | $823,570,080 | $4,567,516 | 2 | $1,605,066 |
| 2022 | $314,724,771 | $705,926,938 | $684,464,528 | $2,476,597 | 2 | $129,684 |
| 2021 | $189,895,321 | $634,160,368 | $623,644,120 | $2,896,999 | 2 | $103,140 |
| 2020 | $163,481,668 | $564,463,170 | $556,343,952 | $2,376,897 | 2 | $125,630 |
| 2019 | $131,959,517 | $490,735,434 | $483,572,717 | $2,386,371 | 2 | $308,449 |
About Georgia Tech Applied Research Corporation
Based on IRS filings
Georgia Tech Applied Research Corporation is a public charity focused on Health, based in Atlanta, GA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $443.4M in total assets. In 2025, it awarded 1 grant totaling $10.1M. Net investment income was $4.4M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Georgia Tech Applied Research Corporation is led by Chaouki T. Abdallah, President since 2024 (on filings since 2019); none of the 33 officers listed in 2025 report compensation.
Officers on the 2025 filing
Chaouki T. Abdallah
President
President, Treasurer & Trustee → President & Trustee, 2023
President & Trustee → President, 2024
On filings since 2019
1 hr/week
$418K (2023) → $0 (2025)
Tim Lieuwen
President
New on the 2025 filing
1 hr/week
No compensation reported
Troy Littles
Trustee
Director → Trustee, 2023
On filings since 2022
1 hr/week
$294K (2023) → $0 (2025)
Patrick Kelly
Trustee
On filings since 2019
0.5 hrs/week
No compensation reported
Leslie Sibert
Trustee
On filings since 2021
0.5 hrs/week
No compensation reported
Scott Frank
Trustee
On filings since 2021
0.5 hrs/week
No compensation reported
Kenneth Massaroni
Trustee
On filings since 2022
0.5 hrs/week
No compensation reported
Earl C. Wyatt
Trustee
On filings since 2023
0.5 hrs/week
No compensation reported
Ling-Ling Nie
Trustee
On filings since 2023
0.5 hrs/week
No compensation reported
Rebecca E. Weirick
Trustee
On filings since 2023
0.5 hrs/week
No compensation reported
Robin Bienfait
Trustee
On filings since 2023
0.5 hrs/week
No compensation reported
Scott Fouse
Trustee
On filings since 2023
0.5 hrs/week
No compensation reported
Shantay Bolton
Trustee
On filings since 2024
1 hr/week
No compensation reported
R. Steven Justice
Trustee
New on the 2025 filing
0.5 hrs/week
No compensation reported
Albert L. Concord
Facility Security Officer
On filings since 2019
1 hr/week
$199K (2023) → $0 (2025)
Bruce Henry
Assistant Secretary & Assistant Treasurer
On filings since 2019
1 hr/week
$134K (2023) → $0 (2025)
James G. Fortner
Assistant Secretary & Assistant Treasurer
Trustee → Assistant Secretary & Assistant Treasurer, 2021
On filings since 2019
1 hr/week
$285K (2023) → $0 (2025)
Roberta B. Burke
Assistant Secretary
On filings since 2019
1 hr/week
$206K (2023) → $0 (2025)
Sophia Herbert-Peterson
Assistant Secretary
Assistant Director → Director, 2021
Director → Assistant Secretary, 2023
On filings since 2019
1 hr/week
$205K (2023) → $0 (2025)
James Hudgens
Secretary
Secretary From → Secretary, 2021
On filings since 2020
1 hr/week
$534K (2023) → $0 (2025)
Neil Vitro
Assistant Secretary & Assistant Treasurer
On filings since 2021
20 hrs/week
$168K (2023) → $0 (2025)
Tanesha Steward
Assistant Secretary
On filings since 2021
1 hr/week
$130K (2023) → $0 (2025)
Romy Smith
Assistant Secretary
On filings since 2022
1 hr/week
$207K (2023) → $0 (2025)
Cynthia Hope
Vice President & Assistant Secretary
On filings since 2023
40 hrs/week
$248K (2023) → $0 (2025)
Kim Toatley
Treasurer
On filings since 2023
1 hr/week
$253K (2023) → $0 (2025)
Robert Foy
General Manager
Interim General Manager → General Manager, 2024
On filings since 2023
20 hrs/week
$215K (2023) → $0 (2025)
Robert Butera
Assistant Secretary
Vice President of Research → Assistant Secretary, 2025
On filings since 2022
1 hr/week
No compensation reported
J. Andrew Howard
Assistant Secretary
On filings since 2024
20 hrs/week
No compensation reported
Mark Militello
Assistant Treasurer
Senior Director Gtri Acct → Assistant Treasurer, 2025
On filings since 2024
1 hr/week
No compensation reported
Jarrett Ellis
Assistant Secretary
New on the 2025 filing
1 hr/week
No compensation reported
Joseph Tesoriero
Assistant Treasurer
New on the 2025 filing
1 hr/week
No compensation reported
Shannon McGhee
Assistant Secretary
New on the 2025 filing
1 hr/week
No compensation reported
Vannessa Daniels
Assistant Secretary
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (32)
- Former: Kevin Wozniak (2019–2024) — Assistant Secretary
- Former: Stephen E. Cross (2019–2024) — Former Trustee
- Former: Michael Shannon (2024) — Trustee
- Former: Dana Simpson (2020–2023) — Assistant Secretary
- Former: Kelly Fox (2021–2023) — Trustee
- Former: David Garrison (2019–2022) — Trustee
- Former: Frederic Villeneuve (2019–2022) — Trustee
- Former: John Barnard (2019–2022) — Trustee
- Former: Kelly Winn (2019–2022) — Director
- Former: Mary Beran (2019–2022) — Director
- Former: Patricia K. Falcone (2019–2022) — Trustee
- Former: Terry Bray (2019–2022) — Director
- Former: Rebecca Caravati (2020–2022) — Vice President & General Manager
- Former: Steven McLaughlin (2021–2022) — Trustee
- Former: Kimberly Toatley (2022) — Director
- Former: Laurie Locascio (2022) — Trustee
- Former: Barbara J. Alexander (2019–2021) — Assistant Secretary & Assistant Treasurer
- Former: Deryl Israel (2019–2021) — Trustee
- Former: Jilda Diehl Garton (2019–2021) — Vice President
- Former: Lauren Maclanahan (2019–2021) — Assistant Secretary & General Counsel
- Former: Lou Graziano (2019–2021) — Trustee
- Former: Jeffrey Steltzer (2020–2021) — Director
- Former: John Avery (2019–2020) — Trustee
- Former: Rafael L. Bras (2019–2020) — Trustee
- Former: Xiaoyah Huang (2019–2020) — Trustee
- Former: Andrew Gerber (2019) — Former Secretary
- Former: Anita McKinney (2019) — Former Assistant Secretary
- Former: Chuck Concannon (2019) — Trustee
- Former: Mark Coburn (2019) — Assistant Director
- Former: Sandra Mason (2019) — Assistant Secretary & Assistant Treasurer
- Former: Steven G. Swant (2019) — Trustee
- Former: Trudy Riley (2019) — Former Assistant Secretary
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $534K, to James Hudgens (Secretary). 18 officers or directors reported compensation on that filing.
Frequently asked questions about Georgia Tech Applied Research Corporation
How much does Georgia Tech Applied Research Corporation give each year?
Georgia Tech Applied Research Corporation gave $10.1M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $11.7M across 2 grants.
How large is Georgia Tech Applied Research Corporation?
Georgia Tech Applied Research Corporation reported $443.4M in total assets on its 2025 IRS Form 990. Its revenue that year was $985.8M.
What is Georgia Tech Applied Research Corporation?
Georgia Tech Applied Research Corporation is a public charity focused on Health, based in Atlanta, GA. It holds $443.4M in total assets as of 2025.
Where does Georgia Tech Applied Research Corporation operate?
Georgia Tech Applied Research Corporation has awarded grants in Georgia.
What is Georgia Tech Applied Research Corporation's EIN?
Georgia Tech Applied Research Corporation's EIN (Employer Identification Number) is 58-2374837. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 3, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990 for fiscal year 2019 (received by the IRS March 11, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS April 30, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Georgia Tech Applied Research Corporation funds
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