Unc Health Foundation Inc
- Assets
- $571.8m
- Revenue
- $92.1m
- Investments
- $359.6m
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 07/1951
- Data as of
- 06/2022
- EIN
- 56-6057494
Organization Overview
Unc Health Foundation Inc 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Unc Health Foundation Inc 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, Unc Health Foundation Inc generated $92.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $39.7m during the year ending 06/2022. While expenses have increased by 11.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE UNC HEALTH FOUNDATION, INC. SECURES FINANCIAL AND VOLUNTEER RESOURCES FOR THE UNC SCHOOL OF MEDICINE AND UNC HEALTH TO SUPPORT THE HIGHEST QUALITY CLINICAL CARE, LIFE-CHANGING RESEARCH AND INNOVATIVE EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORIGINALLY CHARTERED IN 1949 AS THE MEDICAL FOUNDATION OF NORTH CAROLINA, INC., UNC HEALTH FOUNDATION FOSTERS PHILANTHROPIC SUPPORT OF CLINICAL CARE, RESEARCH AND EDUCATION FOR AREAS ACROSS UNC HEALTH, INCLUDING UNC LINEBERGER COMPREHENSIVE CANCER CENTER, UNC CHILDREN'S, THE UNC SCHOOL OF MEDICINE AND MANY OTHER DIVISIONS, CENTERS AND INSTITUTES.AT UNC HEALTH FOUNDATION, WE WORK DILIGENTLY FOR THE MEDICAL PROFESSIONALS AND HEALTH CARE PROVIDERS WHO IMPROVE HEALTH FOR ALL. WE POWER PHILANTHROPY TO SUPPORT THE HIGHEST QUALITY CLINICAL CARE, LIFE-CHANGING RESEARCH AND INNOVATIVE EDUCATION AT HOME AND AROUND THE WORLD.IN THE PAST FISCAL YEAR, THE FOUNDATION RECEIVED MORE THAN 25,000 GIFTS FROM OVER 22,000 DONORS. CULTIVATION AND STEWARDSHIP PROGRAMS ACROSS THE FOUNDATION INCLUDE RECOGNITION SOCIETIES, DONOR WALLS, ANNUAL REPORTS AND ENDOWMENT IMPACT REPORTS. THE DEVELOPMENT STAFF PERSONALLY ENGAGED WITH DONORS THROUGH PHONE CALLS AND VISITS, ALSO CULTIVATING RELATIONSHIPS THROUGH OUTREACH PROGRAMS AND EVENTS, BOTH ON AND OFF CAMPUS.THE UNC HEALTH FOUNDATION MANAGES OVER 1400 FUNDS, COMPRISED OF ENDOWED, RESTRICTED AND UNRESTRICTED ACCOUNTS. THESE FUNDS SUPPORT THE EXISTING AND EMERGING NEEDS OF UNC HEALTH: RESEARCH, PATIENT CARE AND FAMILY SUPPORT, AND SCHOLARSHIPS.THE PHYSICIANS, SCIENTISTS AND RESEARCHERS AT UNC HEALTH CONSTANTLY STRIVE TO DISCOVER BETTER WAYS TO CARE FOR PATIENTS THROUGH PREVENTING AND TREATING DISEASE. THE FUNDS RAISED BY UNC HEALTH ARE ESSENTIAL TO THE CONTINUED SUCCESS AND PROJECTED NEED FOR BETTER ACCESS TO CARE, BETTER TREATMENTS AND BETTER OUTCOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie H Nelson-Bernier Chief Philanthropy & Pres | Officer | 40 | $263,704 |
Martin Alexander Baucom VP For Development | 40 | $220,000 | |
Lee Anthony Wagner CFO & Asst. Treasurer | Officer | 40 | $162,000 |
Keela Casey Lyon Snr Ex Dir Develop & Comm | 1 | $140,000 | |
Eli Jordfald Ex Dir Healthcare Philanth | 40 | $140,000 | |
Jodi Amber Robinette Snr Dir Of Donor Experience | 40 | $135,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amergent Inc Consultant | 6/29/18 | $473,495 |
Suntrust Bank Credit Cards | 6/29/18 | $119,639 |
Unc Hospital Support Payments | 6/29/18 | $1,993,373 |
Carolina Square Project Lp Rent | 6/29/18 | $215,625 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,830,451 |
| Noncash contributions included in lines 1a–1f | $3,628,863 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,830,451 |
| Total Program Service Revenue | $0 |
| Investment income | $9,929,579 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$625,771 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $92,147,897 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,750,786 |
| Grants and other assistance to domestic individuals. | $3,098,301 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $462,434 |
| Compensation of current officers, directors, key employees. | $462,434 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,793,957 |
| Pension plan accruals and contributions | $295,956 |
| Other employee benefits | $326,943 |
| Payroll taxes | $155,286 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $74,906 |
| Fees for services: Accounting | $85,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $459,680 |
| Advertising and promotion | $6,681 |
| Office expenses | $891,084 |
| Information technology | $164,546 |
| Royalties | $0 |
| Occupancy | $508,097 |
| Travel | $49,993 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $245,193 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,937 |
| Insurance | $34,260 |
| All other expenses | $0 |
| Total functional expenses | $39,678,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,636,944 |
| Pledges and grants receivable | $45,516,648 |
| 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 |
| Net Land, buildings, and equipment | $358,544 |
| Investments—publicly traded securities | $131,569,460 |
| Investments—other securities | $359,601,184 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,142,260 |
| Total assets | $571,825,040 |
| Accounts payable and accrued expenses | $1,775,029 |
| 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 | $3,585,972 |
| Total liabilities | $5,361,001 |
| Net assets without donor restrictions | $25,735,724 |
| Net assets with donor restrictions | $540,728,315 |
| 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 | $571,825,040 |
Grants Awarded
Over the last fiscal year, Unc Health Foundation Inc has awarded $28,750,786 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chapel Hill, NC PURPOSE: SEE PART IV | $28,253,013 |
UNIVERSITY OF NORTH CAROLINA HEALTH CARE SYSTEM PURPOSE: SEE PART IV | $497,773 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Unc Health Foundation Inc has recieved totaling $46,200.
| Awarding Organization | Amount |
|---|---|
Chapel Hill Residential Retirement Center Inc Chapel Hill, NC PURPOSE: GERIATRIC MEDICINE WORKFORCE DEVELOPMENT | $46,200 |
Endowment Analysis
| Beg. Balance | $336,785,442 |
| Earnings | -$8,777,299 |
| Net Contributions | $10,834,377 |
| Other Expense | $12,182,395 |
| Ending Balance | $326,660,125 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Georgia Foundation Athens, GA | $1,813,135,367 | $241,177,913 |
George Mason University Foundation Inc Fairfax, VA | $459,289,058 | $113,505,085 |
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
Nc State Investment Fund Inc Raleigh, NC | $1,930,063,391 | $166,344,497 |
Spelman College Special Ventures Fund Inc Atlanta, GA | $236,389,415 | $26,274,154 |
University Of South Carolina Educational Foundation Columbia, SC | $607,523,681 | $89,201,263 |
Old Dominion University Research Foundation Norfolk, VA | $35,170,684 | $51,598,508 |
University Of Virginia Darden School Foundation Charlottesville, VA | $664,692,543 | $80,428,705 |
Unc Health Foundation Inc Chapel Hill, NC | $571,825,040 | $92,147,897 |
William & Mary Foundation Williamsburg, VA | $1,122,551,962 | $79,373,462 |
Shorter University Inc Rome, GA | $57,209,537 | $39,807,545 |