University Of North Carolina At Charlotte Investment Fund

Organization Overview

University Of North Carolina At Charlotte Investment Fund is located in Charlotte, NC. The organization was established in 2004. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of North Carolina At Charlotte Investment Fund 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 06/2020, University Of North Carolina At Charlotte Investment Fund generated $359.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $1.2m during the year ending 06/2020. While expenses have increased by 0.7% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE PRIMARY PURPOSE IS TO ACCEPT FUNDS FROM THE MEMBERS FOR LONG-TERM INVESTMENT AND TO PRODUCE SUFFICIENT INVESTMENT RETURNS TO PROVIDE CURRENT INCOME FOR DISTRIBUTION TO THE MEMBERS TO MEET THEIR CURRENT CHARITABLE, SCIENTIFIC, AND EDUCATIONAL REQUIREMENTS WITH EXCESS INVESMENT RETURNS REINVESTED TO MEET FUTURE NEEDS AND TO DEVELOP AND MONITOR POLICIES AND STRATEGIES TO MAXIMIZE INVESTMENT RETURNS AND MINIMIZE INVESTMENT RISK.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE INVESTMENT FUND, INC. IS A NOT-FOR-PROFIT ORGANIZATION ESTABLISHED TO SUPPORT THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE BY PROVIDING INVESTMENT MANAGEMENT FOR CHARITABLE, NOT-FOR-PROFIT FOUNDATIONS, ASSOCIATIONS, TRUSTS, ENDOWMENTS AND OTHER FUNDS OR ENTITIES ORGANIZED AND OPERATED PRIMARILY FOR THE BENEFIT OF THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE.


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Board, Officers & Key Employees

Name (title)Compensation
Michael K Shields
Chair
$0
Elizabeth Hardin
Sec/treas
$0
Dimitri Triantafyllides
Vice Chair
$0
Kevin Brown
Board Member
$0
Susan N Jamison
Board Member
$0
Michael L Wilson
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Unc Management
Investment Services
$471,771
Global Endowment Management
Investment Services
$679,326
Feg Investment Advisors
Investment Consultant
$123,283
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Investment income $134,288
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $225,628
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $359,916

Grants Recieved

Over the last fiscal year, we have identified 8 grants that University Of North Carolina At Charlotte Investment Fund has recieved totaling $439,205.

Awarding OrganizationAmount
Henry Luce Foundation Inc

New York, NY

PURPOSE: RACE, JUSTICE AND AFRICANA RELIGIONS IN THE UNITED STATES AND THE AFRICAN DIASPORA

$135,000
Henry Luce Foundation Inc

New York, NY

PURPOSE: RACE, JUSTICE AND AFRICANA RELIGIONS IN THE UNITED STATES AND THE AFRICAN DIASPORA

$115,000
Research Corporation

Tucson, AZ

PURPOSE: LABEL-FREE RECONFIGURABLE MICROSCOPY WITH HIGH SPECIFICITY

$100,000
Nc Idea

Durham, NC

PURPOSE: ECOSYSTEM GRANTS

$40,000
Charlotte-Mecklenburg Police Foundation

Charlotte, NC

PURPOSE: RESEARCH STUDY

$32,205
Bellwether Enterprise Foundation

Cleveland, OH

PURPOSE: SCHOLARSHIP FUND

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$157,812,712
Earnings$13,776,046
Admin Expense$1,013,750
Net Contributions$7,254,626
Other Expense$7,976,773
Ending Balance$169,852,861

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