University Of North Carolina At Greensboro Investment Fund Inc

Organization Overview

University Of North Carolina At Greensboro Investment Fund Inc is located in Greensboro, NC. The organization was established in 1992. 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 Greensboro Investment Fund 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, University Of North Carolina At Greensboro Investment Fund Inc generated $22.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $17.9m during the year ending 06/2022. While expenses have increased by 7.9% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ACCEPT THE TRANSFER OF ASSETS FROM THE UNCG ENDOWMENT FUND AND THE AFFILIATED FOUNDATIONS, WHICH BENEFIT THE UNIVERSITY, AND TO MANAGE THE INVESTMENT OF THOSE ASSETS.

Describe the Organization's Program Activity:

BENEFIT UNCG BY MAKING INVESTMENTS FOR RELATED ENTITY ENDOWMENTS. INVESTMENT LOSS WAS 7% FOR THE FISCAL YEAR. ENDOWMENT SPENDING IS BASED ON A THREE YEAR AVERAGE AND IS USED FOR SCHOLARSHIPS, PROFESSORSHIPS, AND DEPARTMENTAL SPENDING. DISTRIBUTIONS WERE: UNCG ENDOWMENT $9,211,755UNCG EXCELLENCE FOUNDATION 6,778,472UNCG CAMPUS MINISTRIES 30,474


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Board, Officers & Key Employees

Name (title)Compensation
Charles King
President
$0
Robert J Shea Jr
Treasurer
$0
Dr Adam Aiken
Director
$0
Sam Cone
Director
$0
Billy Nutt
Director
$0
Randall Kaplan
Director
$0

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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $799,737
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $10,261,344
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $22,759,163

Grants Recieved

Over the last fiscal year, we have identified 1 grants that University Of North Carolina At Greensboro Investment Fund Inc has recieved totaling $108,184.

Awarding OrganizationAmount
Foundation For The Carolinas

Charlotte, NC

PURPOSE: CHARITABLE GIFT

$108,184
View Grant Recipient Profile

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