Tech Topics - Fall 2008 - (Page 7) FROM THE PUBLISHER Statement of Ownership Management and Circulation (Required by 39 U.S.C. 3685) TECH TOPICS Publication No. 1062-077X Frequency: Quarterly No. of issues published annually: Four Annual subscription price: None Publisher–Joseph P. Irwin, 190 North Ave., Atlanta, GA 30313 Managing Editor–Kimberly Link-Wills, 190 North Ave., Atlanta, GA 30313 Owner-Georgia Tech Alumni Association, 190 North Ave., Atlanta, GA 30313 Known bondholders, mortgagees and other securityholders owning or holding 1 percent or more of total amount of bonds, mortgages or other securities: None For completion by nonprofit organizations authorized to mail at special rates. The purpose, function and nonprofit status of this organization and the exempt status for federal income tax purposes: Has not changed during the preceding 12 months. Extent and nature of circulation Average No. Copies Each Issue During Preceding 12 Mos. Summer ʼ08 Single Issue Nearest to Filing Date View Georgia Tech as Investment G eorgia Tech continues to be a place of great progress, discovery, teaching and learning. That’s what research universities do and of these characteristics is often borne economic development that benefits the state as well as our country. In fiscal year 2008, the state of Georgia provided $275 million to Georgia Tech. During that same year, Georgia Tech’s research expenditures totaled $479 million. Most of this funding goes right back into the Georgia economy through payroll, research activities and business operations. What does this mean? Essentially Tech returns $1.74 to the state economy for every $1 that the state provides to the institution for its educational mission each year. And that’s not all — you can argue that the entire educational enterprise ostensibly underwritten by the state’s contribution to Tech is actually “frosting on the cake.” Yes, the other revenue streams, including tuition, grants, gifts and auxiliary services, make up the funding difference that it takes to run Georgia Tech, but you can see the point. It’s a remarkable return and a distinction that only Georgia Tech can claim within this state. Research universities like Georgia Tech are not cost-centers for their states, they are economic drivers. They should really be viewed as the investments that they truly are. The economic woes we’re suffering through right now are hurting every state. The state of Georgia has had to dip into reserves for $600 million to balance the tax revenue shortfalls for the last fiscal year. The governor has asked for 3.5 percent reductions in state government spending plans for the new fiscal year. The chancellor of the Board of Regents has asked for 5 percent reductions in our University System budgets. These reductions make for a difficult environment. State-imposed tuition caps aggravate the problem further. Tech will manage through this environment by becoming more efficient, by prioritizing the most important initiatives and by looking for new ways to accomplish the mission. Our challenge is not unlike state-assisted universities all over this country. State support of higher education is declining as states struggle to pay for other priorities and obligations like a. Total No. Copies (Net Press Run) b. Paid and/or Requested Circulation (1) Outside-County Mail Subscriptions Stated on Form 3541. (Include advertiser’s proof and exchange copies) (2) Paid In-County Subscriptions (Include advertiser’s proof and exchange copies). (3) Sales Through Dealers and Carriers, Street Vendors, Counter Sales, and Other Non-USPS Paid Distribution. (4) Other Classes Mailed Through the USPS. c. Total Paid and/or Requested Circulation (Sum of b (1), (2), (3), and (4). d. Free Distribution by Mail (samples, complimentary, and other free copies (1) Outside-County as stated on Form 3541 (2) In-County as Stated on Form 3541 (3) Other Classes Mailed Through the USPS e. Free distribution outside the mail (carriers or other means) f. Total Free Distribution (Sum of d. and e.) g. Total Distribution (Sum of c. and f.) h. Copies not distributed i. Total (Sum of g. and h.) j. Percent Paid and/or Requested Circulation 89,400 65,372 88,901 64,830 None None None None None 88,901 None 64,830 None None None 319 None None None 350 Essentially Tech returns $1.74 to the state economy for every $1 that the state provides to the institution for its educational mission each year. And that’s not all — you can argue that the entire educational enterprise ostensibly underwritten by the state’s contribution to Tech is actually “frosting on the cake.” infrastructure and health care. These are very real challenges and issues. The most successful state economies will be those that continue to invest in higher education because it brings real economic returns to the state. And the state of Georgia has done a nice job in this respect. Count me among those who hope this philosophy continues. 319 89,220 180 89,400 350 65,180 192 65,372 99.4 percent 99.6 percent This statement of ownership will be printed in the Fall 2008 issue of this publication. I certify that the statements made by me above are correct and complete. Joseph P. Irwin Publisher Joseph P. Irwin President Georgia Tech Alumni Association TechTopics | Fall 2008 7
For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.