University Of North Carolina At Charlotte Investment Fund
- Assets
- $226.0m
- Revenue
- $359.9k
- Investments
- $215.6m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 11/2004
- Data as of
- 06/2020
- EIN
- 56-2276950
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.
Form
990
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) | Role | Hours | Compensation |
|---|---|---|---|
Michael K Shields Chair | OfficerTrustee | 1 | $0 |
Dimitri Triantafyllides Vice Chair | OfficerTrustee | 1 | $0 |
Elizabeth Hardin Sec/treas | OfficerTrustee | 1 | $0 |
Susan N Jamison Board Member | Trustee | 1 | $0 |
Kevin Brown Board Member | Trustee | 1 | $0 |
Michael L Wilson Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Unc Management Investment Services | 6/29/21 | $471,771 |
Global Endowment Management Investment Services | 6/29/21 | $679,326 |
Feg Investment Advisors Investment Consultant | 6/29/21 | $123,283 |
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 |
| Statement of Expenses | |
|---|---|
| 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 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 | $1,166,925 |
| 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 | $0 |
| Total functional expenses | $1,166,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,433,755 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $215,579,237 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $226,012,992 |
| Accounts payable and accrued expenses | $133,010 |
| 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 | $133,010 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $225,879,982 |
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 Organization | Amount |
|---|---|
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 |
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 |