Kenan-Flagler Business School Foundation
- Assets
- $259.7m
- Revenue
- $44.7m
- Investments
- $0.0
- Employees
- 42
- Location
- Chapel Hill, NC
- Founding
- 12/1951
- Data as of
- 06/2022
- EIN
- 56-0771850
Organization Overview
Kenan-Flagler Business School Foundation is located in Chapel Hill, NC. The organization was established in 1951. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Kenan-Flagler Business School Foundation employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kenan-Flagler Business School Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Kenan-Flagler Business School Foundation generated $44.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $23.7m during the year ending 06/2022. While expenses have increased by 3.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kenan-Flagler Business School Foundation has awarded 24 individual grants totaling $186,718,934. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDED FUNDS FOR TEACHING SALARIES, RESEARCH PLANNING & ADMINISTRATION, PLACEMENT OF TEACHERS, AND STUDENT FINANCIAL ASSISTANCE TO SUPPLEMENT THE OPERATIONS OF THE UNC SCHOOL OF BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FUNDS FOR TEACHING SALARIES, RESEARCH PLANNING & ADMINISTRATION, PLACEMENT OF TEACHERS, AND STUDENT FINANCIAL ASSISTANCE TO SUPPLEMENT THE OPERATIONS OF THE UNC SCHOOL OF BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas A Shackelford Chairperson | OfficerTrustee | 0.1 | $0 |
Brien White President | OfficerTrustee | 0.1 | $0 |
Anna Millar Treasurer | OfficerTrustee | 0.1 | $0 |
Betsy Battle Director | Trustee | 0.1 | $0 |
Steve Cumbie Director | Trustee | 0.1 | $0 |
Darius L Davis Director | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Institute For Defense & Business Partner To Deliver A Program For The Dep | 6/29/22 | $533,645 |
Robert Lippert Provide Instruction And Work For A Numbe | 6/29/22 | $184,470 |
Talent Strategy Group Partner For The Development Program, The | 6/29/22 | $165,034 |
Organization Insight Llc Provide Instruction For Clients In Europ | 6/29/22 | $266,250 |
Third Factor Provide Instruction For Clients Virtuall | 6/29/22 | $134,644 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $550,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,794,129 |
| Noncash contributions included in lines 1a–1f | $11,285,607 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,344,129 |
| Total Program Service Revenue | $8,020,000 |
| Investment income | $5,964,869 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$3,924 |
| Net Gain/Loss on Asset Sales | $191,393 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,675,511 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,678,363 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $20 |
| Total functional expenses | $23,678,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,015,719 |
| Savings and temporary cash investments | $58,704,073 |
| Pledges and grants receivable | $45,089,041 |
| Accounts receivable, net | $8,794 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $154,823,858 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,968 |
| Total assets | $259,673,453 |
| Accounts payable and accrued expenses | $27,400 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,400 |
| Net assets without donor restrictions | $2,562,545 |
| Net assets with donor restrictions | $257,083,508 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $259,673,453 |
Grants Awarded
Over the last fiscal year, Kenan-Flagler Business School Foundation has awarded $23,678,363 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL PURPOSE: UNIVERSITY TRANSFERS | $10,518,645 |
THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL PURPOSE: ADMIN & PLANNING | $7,311,774 |
THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL PURPOSE: ENDOWMENT INCOME DISTRIBUTION | $5,847,944 |