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          <USAddress>
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        </ContractorAddress>
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          <USAddress>
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        <ProgramServicesAmt>115098</ProgramServicesAmt>
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        <ManagementAndGeneralAmt>57157</ManagementAndGeneralAmt>
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        <ManagementAndGeneralAmt>8516</ManagementAndGeneralAmt>
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        <ManagementAndGeneralAmt>314627</ManagementAndGeneralAmt>
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          <AddressLine2>RESTRICTED</AddressLine2>
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      <MediaAdvertisementsInd>0</MediaAdvertisementsInd>
      <MailingsMembersInd>0</MailingsMembersInd>
      <PublicationsOrBroadcastInd>0</PublicationsOrBroadcastInd>
      <GrantsOtherOrganizationsInd>0</GrantsOtherOrganizationsInd>
      <DirectContactLegislatorsInd>1</DirectContactLegislatorsInd>
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      <RalliesDemonstrationsInd>0</RalliesDemonstrationsInd>
      <OtherActivitiesInd>0</OtherActivitiesInd>
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      <NotDescribedSection501c3Ind>0</NotDescribedSection501c3Ind>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART II-B, LINE 1</FormAndLineReferenceDesc>
        <ExplanationTxt>VAN SCOYOC ASSOCIATES, INC. PERFORMS LOBBYING ACTIVITIES THROUGH DIRECT CONTACT WITH LEGISLATORS TO SECURE ADDITIONAL FUNDS FOR SPECIFIC RESEARCH ACTIVITIES.</ExplanationTxt>
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      <OtherLiabilitiesOrgGrp>
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      <RevenueNotReportedFinclStmtAmt>1805</RevenueNotReportedFinclStmtAmt>
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      <TotExpnsEtcAuditedFinclStmtAmt>151331391</TotExpnsEtcAuditedFinclStmtAmt>
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      <ExpensesNotReportedAmt>1867185</ExpensesNotReportedAmt>
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      <ExpensesNotRptFinclStmtAmt>836061</ExpensesNotRptFinclStmtAmt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART V, LINE 4:</FormAndLineReferenceDesc>
        <ExplanationTxt>ENDOWMENT FUNDS CONSIST OF BOARD-DESIGNATED AND DONOR-RESTRICTED AMOUNTS TO FUND THE GEORGIA RESEARCH ALLIANCE EMINENT SCHOLARS IN RESIDENCE AT GSU.</ExplanationTxt>
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      <SupplementalInformationDetail>
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      <SupplementalInformationDetail>
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      <SupplementalInformationDetail>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART XII, LINE 4B - OTHER ADJUSTMENTS:</FormAndLineReferenceDesc>
        <ExplanationTxt>INTEREST EXPENSE 1,805. TOOLS COMPETITION EXPENSES 834,256.</ExplanationTxt>
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        <ExplanationTxt>ONCE EACH FISCAL YEAR, BOARD MEMBERS MUST SUBMIT A SIGNED AFFIDAVIT ANSWERING QUESTIONS ABOUT POTENTIAL CONFLICTS OF INTEREST. IN THE EVENT THAT A CONFLICT IS NOTED, THAT PERSON RECUSES HIMSELF/HERSELF FROM ALL DISCUSSION AND VOTE.</ExplanationTxt>
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        <ExplanationTxt>GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION HAS NO EMPLOYEES. ALL COMPENSATION REPORTED ON THE FORM 990 IS FROM A RELATED ORGANIZATION (GEORGIA STATE UNIVERSITY) FOR SERVICES RENDERED TO GEORGIA STATE UNIVERSITY. GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION FOLLOWS THE POLICIES OF GEORGIA STATE UNIVERSITY.</ExplanationTxt>
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      <GiftGrntOrCapContriToOthOrgInd>1</GiftGrntOrCapContriToOthOrgInd>
      <GiftGrntCapContriFromOthOrgInd>0</GiftGrntCapContriFromOthOrgInd>
      <LoansOrGuaranteesToOtherOrgInd>0</LoansOrGuaranteesToOtherOrgInd>
      <LoansOrGuaranteesFromOthOrgInd>0</LoansOrGuaranteesFromOthOrgInd>
      <DivRelatedOrganizationInd>0</DivRelatedOrganizationInd>
      <AssetSaleToOtherOrgInd>0</AssetSaleToOtherOrgInd>
      <AssetPurchaseFromOtherOrgInd>0</AssetPurchaseFromOtherOrgInd>
      <AssetExchangeInd>0</AssetExchangeInd>
      <RentalOfFacilitiesToOthOrgInd>1</RentalOfFacilitiesToOthOrgInd>
      <RentalOfFcltsFromOthOrgInd>0</RentalOfFcltsFromOthOrgInd>
      <PerformOfServicesForOthOrgInd>0</PerformOfServicesForOthOrgInd>
      <PerformOfServicesByOtherOrgInd>0</PerformOfServicesByOtherOrgInd>
      <SharingOfFacilitiesInd>1</SharingOfFacilitiesInd>
      <PaidEmployeesSharingInd>1</PaidEmployeesSharingInd>
      <ReimbursementPaidToOtherOrgInd>1</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>0</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>0</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>0</TransferFromOtherOrgInd>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>GEORGIA STATE UNIVERSITY</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>B</TransactionTypeTxt>
        <InvolvedAmt>135941901</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>CASH</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>GEORGIA STATE UNIVERSITY</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>P</TransactionTypeTxt>
        <InvolvedAmt>5188276</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>CASH</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
    </IRS990ScheduleR>
  </ReturnData>
</Return>