Medical College of Georgia Foundation Incorporated logo

Medical College of Georgia Foundation Incorporated

Public charity · Grantmaker Augusta, GA EIN: 58-0706796 Website

The misson of the medical college of Georgia foundation is to improve the quality of life of the people of Georgia, the nation, and the world by supporting the advancement of education, research, and patient care at augusta university.

Key facts about Medical College of Georgia Foundation Incorporated

In short: Medical College of Georgia Foundation Incorporated gave $10.5M across 1 grant in 2025 (avg $10.5M), mostly in Georgia. Source: 2025 IRS Form 990.

EIN
58-0706796
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$10,537,103
Grants made (2025)
1
Average grant
$10,537,103
Median grant
$10,537,103
Total assets
$419,870,107
Primary geography
Georgia (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$419.9M

+9.9% YoY

Annual Giving

$10.5M

+0.2% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$10.5M

+0.2% YoY

How Medical College of Georgia Foundation Incorporated gives

  • Giving held roughly steady from 2022 to 2025 (+12%). Method

From the foundation's IRS Form 990 filings. Methodology.

About Medical College of Georgia Foundation Incorporated

Based on IRS filings

Medical College of Georgia Foundation Incorporated is a public charity focused on Education, based in Augusta, GA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $419.9M in total assets. In 2025, it awarded 1 grant totaling $10.5M. Net investment income was $7.4M.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Augusta

Giving Over Time

Total grant dollars and number of grants per year

$0$5M$10M$15M1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

From 2020 to 2025, annual grant giving ranged from $7.7M (2020) to $10.5M (2025). In 2025 it made 1 grant totaling $10.5M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Augusta University: $10.5MAugusta University$10.5M

The largest 2025 recipient was Augusta University ($10.5M).

Grant Size Distribution

5 grants across all recorded years

<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M5$5M+

The most common grant size was $5M or more: 5 grants of 5 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Augusta University Augusta, GAInstitutional Support$10,537,103

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$10M$20M$30M$40M2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$419,870,107$382,049,040$348,977,270
Revenue$28,300,156$17,618,239$16,214,900
Expenses$14,907,357$13,845,038$12,614,609
Net Investment Income$7,399,288$3,395,518$2,748,851

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2024 (received by the IRS May 9, 2025)
  2. Added Form 990 for fiscal year 2025 (received by the IRS May 7, 2026)
  3. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Medical College of Georgia Foundation Incorporated is led by Ian S. Mercier, President & CEO on every filing since 2020; 5 of 28 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Ian S. Mercier

    President & CEO

    On filings since 2020

    40 hrs/week

    $235K (2020) → $307K (2025)

  • Martyn Jones

    Paceline President

    Paceline President → President - Paceline Ride & Llc, 2024

    President - Paceline Ride & Llc → Paceline President, 2025

    On filings since 2020

    40 hrs/week

    $190K (2020) → $198K (2025)

  • Charles G. Green Jr. MD

    Chairman

    2nd Vice Chair → Chairman, 2023

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Buffi G. Boyd MD

    Director

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Carole M. Hanes DMD

    Director

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Don Grantham

    Director

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Ellen Goodrich Bsn Mn

    Director

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Joshua A. Lane MD

    Director

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Murray A. Freedman MD

    Director

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Richard M. Franza PhD

    Director

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Ron Spearman MD

    Director

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Tat Thompson

    Director

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • James Davis Md Facra

    Director

    On filings since 2021

    0.3 hrs/week

    No compensation reported

  • Terri G. Lockhart Md Facp

    Director

    On filings since 2022

    0.3 hrs/week

    No compensation reported

  • A. Lynne Brannen Ii Md Fccp

    Director

    On filings since 2023

    0.3 hrs/week

    No compensation reported

  • Vendie Hhooks MD

    Director

    On filings since 2023

    0.3 hrs/week

    No compensation reported

  • John Stewart MD

    Director

    On filings since 2024

    0.3 hrs/week

    No compensation reported

  • Juli Means

    Director

    On filings since 2024

    0.3 hrs/week

    No compensation reported

  • Mark Ellison MD

    Director

    On filings since 2024

    0.3 hrs/week

    No compensation reported

  • Anil Puri

    Director

    New on the 2025 filing

    0.3 hrs/week

    No compensation reported

  • Penny Houston

    Director

    New on the 2025 filing

    0.3 hrs/week

    No compensation reported

  • Angela Rees

    COO & CFO

    CFO → COO & CFO, 2024

    On filings since 2020

    40 hrs/week

    $119K (2020) → $175K (2025)

  • James Holmes

    Paceline Vice President

    Vice President & Paceline → Vice President - Paceline Ride & Llc, 2024

    Vice President - Paceline Ride & Llc → Paceline Vice President, 2025

    On filings since 2023

    40 hrs/week

    $120K (2023) → $120K (2025)

  • John Ellinger

    Directory It

    Director of It → Directory It, 2025

    On filings since 2023

    40 hrs/week

    $106K (2023) → $115K (2025)

  • J. Benjamin Deal DMD

    Past Chairman

    Chairman → Past Chairman, 2023

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Loyd B. Schnuck Jr. MD

    Secretary & Treasurer

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Paul G. Turk MD

    Vice Chair

    1st Vice Chair → Director, 2023

    Director → Vice Chair, 2025

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Russell Keen EdD

    Executive Officio

    New on the 2025 filing

    0.3 hrs/week

    No compensation reported

Former officers (10)
  • Former: Brooks Keel PhD (2020–2024) — Executive Officio
  • Former: Judith V. Hodnett Rn Msn (2020–2023) — Director
  • Former: Sam W. Richwine Jr. MD (2020–2023) — Director
  • Former: Tim Kearney (2020–2023) — COO
  • Former: James M. Hull Lhd (2020–2022) — Director
  • Former: Benjamin H. Cheek MD (2020–2021) — Director
  • Former: Christopher J. Mann MD (2020–2021) — Director
  • Former: Harvey L. Simpson MD (2020–2021) — Director
  • Former: Sandra N. Freedman MD (2020–2021) — Director
  • Former: Sylvester McRae MD (2020–2021) — Director

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Ian Mercier — President/CEO: $307KIan MercierPresident/CEO$307KMartyn Jones — Paceline President: $198KMartyn JonesPaceline President$198KAngela Rees — COO/CFO: $175KAngela ReesCOO/CFO$175KJames Holmes — Paceline Vice President: $120KJames HolmesPaceline Vice President$120KJohn Ellinger — Directory It: $115KJohn EllingerDirectory It$115K

The highest reported compensation on the 2025 filing was $307K, to Ian Mercier (President/CEO). 5 officers or directors reported compensation on that filing.

Frequently asked questions about Medical College of Georgia Foundation Incorporated

How much does Medical College of Georgia Foundation Incorporated give each year?

Medical College of Georgia Foundation Incorporated gave $10.5M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $10.5M across 1 grant.

How large is Medical College of Georgia Foundation Incorporated?

Medical College of Georgia Foundation Incorporated reported $419.9M in total assets on its 2025 IRS Form 990. Its revenue that year was $28.3M.

What is Medical College of Georgia Foundation Incorporated?

Medical College of Georgia Foundation Incorporated is a public charity focused on Education, based in Augusta, GA. It holds $419.9M in total assets as of 2025.

Where does Medical College of Georgia Foundation Incorporated operate?

Medical College of Georgia Foundation Incorporated has awarded grants in Georgia.

What is Medical College of Georgia Foundation Incorporated's EIN?

Medical College of Georgia Foundation Incorporated's EIN (Employer Identification Number) is 58-0706796. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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