2

C O N T E N T S

02 Dean of Students Chair

18 Capital Projects Update

16 Reunion Giving

04 The Impact of Giving

19 Gifts & Commitments

14 Stamps Scholarship Update

For information about giving to Tech, contact the Office of Development at 404.894.1868. To share your comments about Philanthropy Quarterly, contact Margaret Tate at 404.385.7422 or margaret.tate@comm.gatech.edu. Copyright 2017 • Georgia Institute of Technology Institute Communications • B18C6001bThis publication is printed on paper that is FSC Certified, made from premium pulps, is carbon neutral, and made with windpower. Georgia Tech is committed to environmental sustainability. Please recycle this publication.

COVER PHOTO: The glory of Georgia Tech, reflected in the Klaus Advanced Computing Building — in more ways than one.

07 Philanthropy Quarterly News

23 Staff Updates

The Portman Sculpture — named KR+C — was inspired by the “Knowledge and Research plus Creativity” that fuel Georgia Tech and are essential to the advanced technological innovation and development that define the Institute. Measuring approximately 38 feet tall and 36 feet wide, the sculpture consists of three separate pieces, identical in form but oriented differently and interconnected. The sculpture will be made out of fiberglass by a Georgia company that specializes in custom speed boat fabrication. Georgia Tech is seeking private philanthropy to support the fabrication and installation of this work of art for display in a high-traffic area near Tech Green.

About the Artist John C. Portman Jr., ARCH 1950, HON Ph.D. 2012, is chairman of The Portman Companies, headquartered in Atlanta. Since founding his firm in 1953, Portman has been a pioneer, introducing the very concept of architect as developer. The Portman Companies have designed and/or developed more than 50 million square feet of space in countries around the world, and no city has benefited more from Portman’s vision than Atlanta. The 14-block Peachtree Center complex attests to Portman’s commitment to Atlanta’s business district, and his three major hotels — the Hyatt Regency Atlanta, The Westin Peachtree Plaza, and the Atlanta Marriott Marquis — anchor the convention district. In the early 1980s, after years of integrating art into his architectural projects, Portman began creating paintings and sculptures.

To inquire about making a gift in support of KR+C, contact Barrett H. Carson at 404.894.1868 or barrett.carson@dev.gatech.edu.

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Steven L. Carter, MS ICS 1977, has endowed two graduate fellowships at Georgia Tech: one in his own name and one in the name of his nephew, J. Conrad Hanson, MS ME 2017.

I are the only two people in our family with master’s degrees and we both went to Tech. Plus, he’s just a nice kid. I really like him.”

Both of the fellowship endowment funds that Carter established have a preference for master’s students from Florida and, more specifically, Carter’s hometown and current residence of Tallahassee. Additional criteria stipulate that funding from the endowments will be awarded to students with demonstrated financial need.

Supporting academically gifted students of modest financial means is a priority for Carter, who proudlycredits his Georgia Tech master’s degree as the foundationfor the highly successful career and life that he enjoys. After earning his master’s, Carter continued his U.S. Air Force career at the Pentagon working in nuclear damage assessment as part of the late 1970’s SALT talks. In 1982Carter joined AT&T Bell Laboratories in Murray Hill, New Jersey, where he worked on computer security appli-cations for the UNIX operating system. He later worked on inventory systems before retiring in 2005 from thecompany that became Bell Communications Research.

“If it weren’t for Georgia Tech, I wouldn’t have had any kind of life like the one I have today,” Carter said. “I’vebeen very fortunate. All I have, I owe to Georgia Tech.” •

Steven L. Carter, MS ICS 1977, returned to Georgia Tech last spring for the first time since his graduation. The occasion that brought him back after 40 years was deeply meaningful for him — the graduation of his nephew, J. Conrad Hanson, MS ME 2017.

In honor of his nephew’s graduation, Carter made a gift to Georgia Tech establishing the J. Conrad Hanson Fellowship Endowment Fund, whose income will support master’s students in the George W. Woodruff School of Mechanical Engineering. (Carter simultane-ously made an additional gift establishing the Steven L. Carter Fellowship Endowment Fund to support master’s students in the College of Computing.)

What initially prompted Carter and his wife, Phyllis, toconsider establishing these fellowships was a postcard they received from the Office of Development that discussed supporting the Institute through endowment gifts.

“I really gave that some thought because Conrad was getting ready to graduate with his master’s in mechanical engineering,” recalled Carter, who earned a bachelor’s degree at Florida State University before pursuing his master’s at Tech. “It dawned on me that I could start an endowment in his name, and I thought about starting another endowment in my name as well. Conrad and

ALUMNUS HONORS NEPHEW WITH NAMED FELLOWSHIP

To inquire about making an endowment gift in support of graduate student fellowships, contact any development officer or Phil Spessard at phil.spessard@dev.gatech.edu or 404.894.1418.

THE CHARITABLE REMAINDER UNITRUST TAX ADVANTAGES A ‘NO BRAINER’ FOR BANKERDo the math. That’s Joe Evans’ recommendation for friends and alumni over 60 who have made the decision to give to the Institute but are weighing the merits of an estate provision versus a charitable remainder unitrust (CRUT). His wife, Raena, and he did, and they have chosen a CRUT.

A CRUT is an irrevocable trust that provides an income stream to designated beneficiaries for life; when the gift is realized, the remaining assets are distributed — in this case, to Georgia Tech.

“In all likelihood, with a prudent life income payout, you will create a win-win outcome by making the gift now in the form of a charitable remainder trust as opposed to simply waiting until you’re gone,” says Evans, IM 1971, chairman of the Atlanta-based State Bank & Trust Company, Hill Society member, and vice chair and chair-elect of the Georgia Tech Foundation.

Of course, Evans cautions, donors should consult their accountant, but for him, the tax advantages were a no brainer. “You get the advantages of being able to diversify an investment position without incurring a capital gains tax, and you get a current tax deduction based on your age — for me, it was significant, about 50 percent of the fair market value of my gift.”

The Evans recently used a CRUT to establish the Joseph W. and Raena W. Evans Endowment Funds to support both need- and merit-based Dean’s Scholarships and Fellowships in the Scheller College of Business. This is yet another expression of gratitude for his alma mater, following years of gifts and service, including establishing the Joseph W. and Raena W. Evans Scholarship Endowment Fund in 2009 and serving on the Alexander-Tharpe Board, the Scheller College of Business Advisory Board, the Alumni Association Board of Trustees, his Reunion Committees, and more.

“I got exceptional preparation for my career from Georgia Tech,” Evans says. “And I know the quality and value of my degree has been enhanced by philanthropy going back generations — now I want to give for the benefit of future generations.”

Joe and Raena, who have two daughters and eight grandchildren, are committed to supporting students as they learn to develop solutions to the world’s complex problems, but he also acknowledges that “enlightened self-interest” plays a role in his giving. “Gifts flowing into Georgia Tech continue to advance its standing as a world-class university.” Evans says. “That ensures that the value of our degrees will continue to appreciate.” •

Joe Evans IM 1971

For more information about Charitable Remainder Trusts and other life income arrangements, contact Gift Planning in the Office of Development at 404.894.4678, or email founderscouncil @dev.gatech.edu.

P H I L A N T H R O P Y Q U A R T E R LY N E W S

NAME CHANGERSignage and Ceremony Make the Krone Engineered Biosystems Building Official

Giving is a family affair for the Krone clan — Roger and Helen, flanked by their son David and his wife, Susie (left), and son Michael and daughter Lauren (right).

PHOTO: KARL MOORE

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He recalled his days as a student, loaded down with books, trudging past buildings named for people whose philanthropy had outlasted them — only he wasn’t aware of it at the time.

“I did not realize the contribu-tions these individuals made to my education, nor did I fully appreciate how privileged I was to receive an education at all, or the many ways in which that experience would enrich my life in the years that followed,” he said.

After the Engineered Biosystems Building opened in 2015, the Krones took a tour and were impressed by the design — organized around research neighborhoods and optimized for collaboration — and their gift was inspired by the life-changing, life-saving research and innovation taking place there.

Their naming gift comes from the Krone Foundation, which the family set up in 2006, and for which Helen serves as secretary, treasurer, and financial manager. The Krones’ son David and his wife, Susie, their daughter, Lauren, and son Michael, also at the ceremony, serve on the Krone Foundation’s Board of Directors.

The Krones also made an estate gift in 2015 for faculty support in the Daniel Guggenheim School of Aerospace Engineering — pushing the school past its goal in the final months of Campaign Georgia Tech — and have contributed to Roll Call for 43 consecutive years.

At the ceremony, Georgia Tech President G.P. “Bud” Peterson recognized the Krones for their extraordinary generosity and welcomed them into The Hill Society, which honors and celebrates principal philanthropists to the Institute.

“As beautiful as the building is,” Peterson said, “it is the people who make the difference — the people who invest their life’s work here, and the people who believe in the work, share the vision, and give so generously to make it possible.”

“For my family,” Krone said, “today is about returning the gift of opportunity that this community and educational institution has given us. It is our hope that through this support, we can help contribute to science as well as to the health and well-being of our society, so that others may prosper.”

LOOKING AHEADThe $113 million, 219,000-square-feet Krone Engineered Biosystems Building is the most expensive facility ever built on the Georgia Tech campus. Funded in part by the State of Georgia, $34 million in private funds were critical for the project to move forward.

The Krone Engineered Biosys-tems Building is the first structure in a three-building complex envi-sioned for the area. When built, the other two facilities, currently referred to as EBB2 and EBB3, will leverage the core capabilities of the Krone Building and also create space for more interdisciplinary research neighborhoods. This expansion will grow Georgia Tech’s footprint in health-related science and engi-neering, and further boost Atlanta’s and Georgia’s ascendency in the biotech realm. •

The naming celebration for the Roger A. and Helen B. Krone Engineered Biosystems Building took place the morning of October 21 – a clear, cool autumn day, just perfect for the Homecoming football game to take place later in the day. In his remarks to the crowd that gathered to mark the occasion, Roger Krone, AE 1978, quoted the late American philosopher and psychologist William James, who said:

To learn more about the vital work being done in the Krone Engineered Biosystems Building, contact Courtney Ferencik at courtney.ferencik@bme.gatech.edu or Art Wasserman at arthur.wasserman@cos.gatech.edu.

The great use of life is to spend it for something that will outlast it.

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PHASE 3 (PLANNED)

PHASE 2 (PLANNED)

PHASE 1 (COMPLETED) KRONE ENGINEERED BIOSYSTEMS BUILDING

P H I L A N T H R O P Y Q U A R T E R LY N E W S

CLYDE J. ORR JR. (1921 – 2010)

A World War II veteran, Clyde J. Orr Jr., Ph.D. ChE 1953, was hired by Tech as an assistant research professor soon after earning his Ph.D. and served on the faculty for 30 years. A renowned scientist and Regents Professor, Orr published 62 works in 89 publications in five languages. One of his books, Particulate Technology (1966), was deemed a definitive text, and Orr is widely recognized as a pioneer whose foundational research continues to inform work in the field. In 1958, Orr and fellow researcher Warren Hendrix began work on a better way to measure tiny surface areas. Their patented device is considered one of the most significant Georgia Tech research contributions of the 20th century. The partners founded Micromeritics Instrument Corporation, which thrives to this day, with headquarters in Georgia and six offices worldwide. In 1995, Orr was inducted into the Georgia Tech College of Engineering’s Hall of Fame.

JESSE W. MASON (1890 – 1979)

Jesse W. Mason served on Georgia Tech’s faculty from 1938 until his retirement in 1972. While at Tech, Mason was a Regents Professor in chemical engineering, CE department head, and finally dean of the College of Engineering, serving in this capacity from 1948 until 1965. He was selected to spearhead a committee on creating an advanced plan for academics at Georgia Tech by then Institute President Blake Van Leer, and he later would be instrumental in selecting Van Leer’s successor, Edwin Harrison. The Jesse W. Mason Building — built in 1969 and fully renovated in 2013 — is home to the School of Civil and Environmental Engineering. Through his leadership and service, Mason made a mark on the Institute that is honored by, but extends far beyond, the building that bears his name.

JAMES R. BORDERSJames R. Borders, ME 1983, went on to the University of Georgia after attending Georgia Tech and earned both an MBA and a JD degree. He is founder and president of Novare Group, which has developed more than 6,000 condominium homes, 1.4 million square feet of office space, and 400,000 square feet of retail space throughout the Southeast. Over the years, Borders has supported Georgia Tech through both generous gifts and tireless service. He has served on the George W. Woodruff School of Mechanical Engineering Advisory Board, the Alexander-Tharpe Board, the Alumni Association Board of Trustees, and the Georgia Tech Foundation Board of Trustees. He has made gifts to the Institute through Alumni Roll Call, the Alexander-Tharpe Fund, and the GATV Real Estate Acquisition Fund. His philanthropic support for Georgia Tech has been recognized at the highest level as a member of The Hill Society.

Anonymous Donor Endows Three New Named ScholarshipsA generous donor has endowed three separate Stamps President’s Scholarships — not in his own name, but in honor of three people whose work he admired and whose friendship he valued.

The donor’s name will never be known to the deserving scholars who will benefit from his generosity, but they will know the names and legacies of these noteworthy Georgia Tech faculty and alumni.

P H I L A N T H R O P Y Q U A R T E R LY • A U T U M N 2 0 1 7

The President’s Scholarship program was established in 1981 to attract and retain the nation’s most promising students, combining scholarship and leadership to achieve the Institute’s motto of “Progress and Service.”

Every year, approximately 40 new freshmen would be accepted into this prestigious program, and providing they continued to meet eligibility require-ments, a small fraction of these promising young scholars would receive full scholarships covering the total cost of attendance at Georgia Tech for four years, including tuition, fees, books, room and board, and a stipend for miscellaneous living expenses. The majority would receive only partial funding.

Within this cohort of President’s Scholars, there were a select 10 each year — known as Stamps Leadership Scholars — who would receive additional benefits, thanks to the generosity of Honorary Alumna Penny Stamps and E. Roe Stamps, IE 1967, MS IE 1972, HON Ph.D. 2014. Inaddition to the full ride provided by the Institute, they also received a laptop and a stipend of up to $15,000 to take advantage of enrichment experiences such as outdoor leadership programs, research and internship opportunities, and an international experience.

Then, in 2016, the Stamps Family Charitable Foundation generously doubled its annual grant to extend these additional advantages to all President’s Scholars. In recognition, the program was renamed the Stamps President’s Scholars program.

The baseline program benefits, however, always have been and still are funded either from the Institute’s unrestricted philanthropic sources or from 116 named, permanent President’s Scholarship endowments established by individual donors (see pp. 14-15), ranging from the $25,000 minimum to more than $1 million. Combined restricted and discretionary funds have bolstered Georgia Tech’s competitiveness in attracting and enrolling exceptional undergraduate men and women who raise the bar for their peers and the faculty, pushing the Institute toward achieving its full potential.

Now the Institute seeks to raise the remaining $75 million in named President’s Scholarship endowments to secure the impact of the Stamps President’s Scholars program in perpetuity. When achieved, President G.P. “Bud” Peterson and successors may redeploy the annual Roll Call gifts and other Institute-unrestricted funds currently dedicated for President’s Scholarships for other strategic initiatives, including need-based scholarships, graduate President’s Fellowships, and faculty support. That represents a two-fold philanthropic return on investment for our donors. •

Led by Penny and Roe Stamps — Many Tech Faithful Support Named Scholarships

Every two years, Stamps President’s Scholars from 41 “Stamps schools” convene for three days to connect, share ideas and research, participate in business and service challenges, and meet benefactors Penny and Roe Stamps (center). This year’s convention was hosted by Georgia Tech, with more than 700 students in attendance. The 2019 convention will again be held at Georgia Tech.

To inquire about establishing or adding to a named scholarship within the Stamps President’s Scholars program, contact any development officer or Vice President for Development Barrett H. Carson at 404.894.1868 or barrett.carson@dev.gatech.edu.

STAMPS PRESIDENT’S SCHOLARS PROGRAM ANNUAL FUNDING BY SOURCE (2017-2018)

Georgia Institute of Technology Unrestricted Funds

$3M | 53%

Stamps Family Charitable Foundation

$1.5M | 26%

Income from 116 Named President’s Scholarship Endowment Funds

$1.2M | 21%

R E U N I O N G I V I N G

Homecoming Weekend is always a time for reminiscing and reconnecting, but for this year’s milestone reunion classes — 1967, 1977, and 1992 — it was also a time for reaffirming the value that Georgia Tech has brought to their lives through their re-engagement with their alma mater, and their philanthropic support for the Institute.

Regardless of what happens on the football field — fortunately, this year Tech won against Wake Forest 38 – 24 — the Reunion Committees work hard to ensure a fun, memorable, and meaningful experience for their classmates.

This year, all three classes supported programs and initiatives across the Institute such as endowments for faculty chairs and professorships; graduate fellowships; Stamps President’s and Tech Promise scholarships; specific college, school, and athletics programs; and expendable support through Roll Call and the Alexander-Tharpe Fund.

Altogether, they gave an impressive $19,679,170 in gifts that will make an impact on the Institute today and for many years to come. Thank you, classes of 1967, 1977, and 1992! •

COMING BACK AND GIVING BACK

We are so proud to be alumni of this outstanding institution. It was a great feeling to be back on campus and be reminded of the amazing difference Tech makes in the world. We feel a lot of joy and satisfaction as a class in being able to contribute to all of the people, the work, and the facilities that make an even bigger impact possible.”

40th Class Reunion | Class of 1977 | $7,161,868

CHAIR Randy Poliner EE 1977

Reunion and Homecoming Weekend was a blast! Being able to support Georgia Tech through our class gift was icing on the cake. Everybody should experience this in their lifetimes.”

25th Class Reunion | Class of 1992 | $1,042,580

CHAIR Dennis H. James Jr. MGT 1992

Our 50th reunion was an incredible experience. It was great, getting our classmates back together to connect and enjoy the campus — especially seeing how much Tech has progressed since we ‘got out.’”

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50th Class Reunion | Class of 1967 | $11,474,722

CO-CHAIR Russ Chandler III IE 1967

CO-CHAIR E. Roe Stamps IV IE 1967, MS IE 1972, HON Ph.D. 2014