By the 1970s, the building had fallen into disrepair. The building was renovated in 1983 and is used by the public as well as the medical profession.[3]
In 2008, Atlanta Medical Heritage, Inc. donated the Academy of Medicine to the Georgia Tech Foundation, Inc. due to lack of resources to maintain the facility.[4] The Georgia Tech Foundation accepted the gift on behalf of the Georgia Institute of Technology, and the building's name, Academy of Medicine, must be retained. Additionally, the properties' designation on the National Register of Historic Places, prevents the university from redeveloping the site or undergoing any improvements inconsistent with the Academy's historical significance.
The property is undergoing restoration for community and campus use, and has been retrofitted to serve the larger community as an event facility. The spacious auditorium provides seating for 250, and may be used for ceremonies, seminars, musical performances or lectures. The building also has a large central rotunda with a domed ceiling from which the chandelier from Gone with the Wind hangs, which host weddings.[citation needed]
^"Georgia Tech Foundation, Inc". Atlanta Medical Heritage Transfers Ownership of Academy of Medicine. Georgia Tech Foundation, Inc. July 28, 2008. Archived from the original on June 16, 2010.