University Of North Carolina At Chapel Hill Foundation Inc
- Assets
- $514.9m
- Revenue
- $20.0m
- Investments
- $419.9m
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 01/1977
- Data as of
- 06/2020
- EIN
- 59-1711424
Organization Overview
University Of North Carolina At Chapel Hill Foundation Inc is located in Chapel Hill, NC. The organization was established in 1977. 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 Chapel Hill 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 06/2020, University Of North Carolina At Chapel Hill Foundation Inc generated $20.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $20.6m during the year ending 06/2020. While expenses have increased by 2.4% 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
TO AID, SUPPORT, AND PROMOTE TEACHING, RESEARCH, AND SERVICE IN THE VARIOUS EDUCATIONAL, SCIENTIFIC, SCHOLARLY, PROFESSIONAL, ARTISTIC, AND CREATIVE ENDEAVORS OF THE UNIVERSITY OF NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS ARE TO OR FOR THE BENEFIT OF THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Pruitt Dir. & Treas. - End. 7/20 | OfficerTrustee | 1 | $0 |
Nathan Knuffman Dir. & Treas. - Beg. 8/20 | OfficerTrustee | 1 | $0 |
Richard Stevens Chairman, Director & Pres. | OfficerTrustee | 1 | $0 |
David Routh Vp, Secretary & Ed | Officer | 1 | $0 |
Stephen Agostini Assistant VP | Officer | 1 | $0 |
Cynthia Butler Assistant VP | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kaspick Company Llc Annuity Management | 6/29/20 | $299,708 |
Schell Bray Pllc Legal Services | 6/29/20 | $122,163 |
Schell Bray Pllc Legal Services | 6/29/20 | $122,163 |
Kaspick Company Llc Annuity Management | 6/29/20 | $299,708 |
Schell Bray Pllc Legal Services | 6/29/20 | $122,163 |
Kaspick Company Llc Annuity Management | 6/29/20 | $299,708 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,663,130 |
| Investment income | $2,029,544 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,742,030 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,950,644 |
| 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 | $70,502 |
| Fees for services: Accounting | $91,468 |
| 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 | $45,982 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,034 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $20,561,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,144,914 |
| Savings and temporary cash investments | $35,969,904 |
| Pledges and grants receivable | $5,315,529 |
| Accounts receivable, net | $2,007,428 |
| 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 | $419,922,736 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,685,398 |
| Total assets | $514,921,690 |
| Accounts payable and accrued expenses | $77,326 |
| 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 | $79,332,488 |
| Total liabilities | $79,409,814 |
| 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 | $435,511,876 |
Grants Awarded
Over the last fiscal year, University Of North Carolina At Chapel Hill Foundation Inc has awarded $18,332,065 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL PURPOSE: SUPPORT OF UNC'S MISSION | $15,441,621 |
Chapel Hill, NC PURPOSE: SUPPORT OF UNC'S MISSION | $2,890,444 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that University Of North Carolina At Chapel Hill Foundation Inc has recieved totaling $2,810,762.
| Awarding Organization | Amount |
|---|---|
Dennis And Mireille Gillings Foundation Durham, NC PURPOSE: UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL PUBLIC HEALTH FOUNDATION | $1,000,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $730,550 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 81 GRANT(S) FOR VARYING PURPOSES | $655,038 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $145,400 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $48,000 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: EDUCATION | $35,000 |
Endowment Analysis
| Beg. Balance | $348,997,829 |
| Earnings | $180,507,494 |
| Admin Expense | $3,757,339 |
| Net Contributions | $21,272,348 |
| Grants | $18,848,350 |
| Ending Balance | $528,171,982 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Kennesaw State University Foundation Inc Kennesaw, GA | $537,455,993 | $85,548,111 |
University Of Virginia Foundation Charlottesville, VA | $508,958,321 | $36,530,024 |
North Carolina State University Foundation Inc Raleigh, NC | $679,121,022 | $52,520,062 |
Clemson University Foundation Clemson, SC | $1,240,950,463 | $112,486,660 |
University Health Services Inc Richmond, VA | $34,736,696 | $16,366,834 |
Georgia State University Foundation Inc Atlanta, GA | $466,073,205 | $89,649,877 |
Medical College Of Virginia Foundation Richmond, VA | $645,911,510 | $54,318,573 |
University Of Memphis Foundation Memphis, TN | $175,396,802 | $38,710,840 |
Virginia Commonwealth University College Of Engineering Foundation Richmond, VA | $131,974,636 | $12,076,889 |