Georgia Tech Foundation

Georgia Tech Foundation

The Georgia Tech Foundation was established in 1932 to receive and manage gifts for the Georgia Institute of Technology. It operates as the primary nonprofit vehicle supporting the institute's endowment and real estate activities. Named principals include Brian Pellegrino as Chief Investment Officer and Alfredo Trujillo as President and COO. The foundation deploys capital across real estate, natural resources, and venture capital. Direct holdings include Technology Square, a mixed-use innovation district in Midtown Atlanta, The Biltmore at 817 West Peachtree St NW, and Atlanta Technology Center. Natural resources exposure stands at $60.13 million. Venture commitments include positions in Overline, Valor Ventures, and Kleiner Perkins. Activity centers on Atlanta with additional exposure across the United States. Total assets reached $3.32 billion as of June 2024. The foundation maintains one primary office in Atlanta. Adjacent vehicles include Georgia Tech Research Corporation and Georgia Tech Applied Research Corporation. October 2024: Brian Pellegrino spoke at the Fall Investment Academy Forum on endowment management and investment strategy. The foundation's architecture centers on its role as the supported organization for the Georgia Institute of Technology. Governance flows through a board of trustees that includes institute leadership and external members such as Tommy Holder and Jim Borders. This structure channels returns directly into campus facilities, research programs, and student initiatives rather than distributing to external beneficiaries.