2021-05-17T08:49:08-05:00 2020-06-30 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2019-07-01 472298734 QUEENS UNIVERSITY OF CHARLOTTE ENDOWMENT QUEE 7049734500 220 N TRYON ST CHARLOTTE NC 28202 ALYSSA FEDERICO ASSISTANT SECRETARY 7049734500 2021-05-14 1 AMANDA ADAMS P00748038 7043771678 2019 2022-09-23 18:48:47Z HOLLY WELCH STUBBING 220 N TRYON ST CHARLOTTE NC 28202 24780347 0 X N/A X 2014 NC THE ENDOWMENT WILL PERFORM THE ENDOWMENT FUNCTIONS AND CARRY OUT THE PURPOSES OF QUEENS UNIVERSITY OF CHARLOTTE AND FOUNDATION FOR THE CAROLINAS WITH RESPECT TO THE QUEENS UNIVERSITY OF CHARLOTTE. 6 6 0 0 1879 0 3977643 24742080 0 0 6269857 37564 0 0 10247500 24779644 7885349 11298868 0 0 0 0 0 0 49821 506642 710707 8391991 12009575 1855509 12770069 126769820 140098941 0 0 126769820 140098941 THE ENDOWMENT WILL PERFORM THE ENDOWMENT FUNCTIONS AND CARRY OUT THE PURPOSES OF QUEENS UNIVERSITY OF CHARLOTTE AND FOUNDATION FOR THE CAROLINAS WITH RESPECT TO THE QUEENS UNIVERSITY OF CHARLOTTE. 0 0 11623234 11298868 DISTRIBUTE GRANTS TO SUPPORT QUEENS UNIVERSITY SCHOLARSHIP PROGRAM. 11623234 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 NC X ALYSSA FEDERICO 7049734500 220 NORTH TRYON ST CHARLOTTE NC 28202 KATHRYN WINSMAN BLACK CHAIR 0.50 0.00 X X 0 0 0 DONNA DEAN DIRECTOR 0.50 0.00 X 0 0 0 WATTS HAMRICK DIRECTOR 0.50 0.00 X 0 0 0 SEAN KELLY DIRECTOR 0.50 0.00 X 0 0 0 SUSAN MCCONNELL DIRECTOR 0.50 0.00 X 0 0 0 CYNTHIA TYSON DIRECTOR 0.50 0.00 X 0 0 0 DANIEL LUGO PRESIDENT 0.50 60.00 X 0 236542 47439 MATTHEW A PACKEY VICE-PRESIDENT 0.50 50.00 X 0 307393 38043 HOLLY WELCH STUBBING SECRETARY/TREASURER 0.50 50.00 X 0 278508 70901 GREG BEURIS ASSISTANT SECRETARY (FROM 9/2019) 0.50 50.00 X 0 148524 34373 ALYSSA FEDERICO ASSISTANT SECRETARY 0.50 50.00 X 0 153831 21468 MARY ALICE BOYD ASSISTANT SECRETARY 0.50 40.00 X 0 103572 17601 TAMARA BURRELL ASSISTANT SECRETARY (THRU 9/2019) 0.50 40.00 X 0 68744 16144 0 1297114 245969 0 0 1 0 FOUNDATION FOR THE CAROLINAS 220 N TRYON STREET CHARLOTTE NC 28202 ADMINISTRATION 392525 1 3546746 21195334 21195334 24742080 38267 1879 36388 703 -703 -703 -703 24779644 0 1879 35685 11298868 11298868 276062 125995 130715 19352 434645 198371 205805 30469 12009575 11623234 336520 49821 722296 394 126047524 139844453 0 254094 126769820 140098941 0 0 X 0 0 126769820 140098941 126769820 140098941 126769820 140098941 12770069 333394 225658 0 X 0 1 X 0 0 X X X 2 QUEENS UNIVERSITY OF CHARLOTTE 560530003 2 1 11298868 0 FOUNDATION FOR THE CAROLINAS 566047886 7 1 0 0 2 11298868 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 126769820 24967738 94897 11298868 434645 140098942 126504243 3977643 4551329 7885349 378046 126769820 108342653 17857143 9769638 9121437 343754 126504243 98936341 2132802 12355445 4469467 612468 108342653 94266181 9449053 267213 4339463 706643 98936341 0.45070 0.54930 0 0 0 DIVERSIFIED LONG-TERM GROWTH 2861819 F ACTIVE LONG-TERM GROWTH 1086553 F QUEENS ENDOWMENT POOL 133321060 F CUSTOM POOL 2575021 F 139844453 X PART V, LINE 4: SPENDABLE INCOME FROM ENDOWED FUNDS IS USED ANNUALLY TO PROVIDE SUPPORT TO QUEENS UNIVERSITY. INCOME CAN BE DESIGNATED FOR SPECIFIC PROGRAMS OR PROJECTS, OR CAN BE USED FOR GENERAL SUPPORT. PART X, LINE 2: THE FOUNDATION FOR THE CAROLINAS ("THE FOUNDATION") AND ITS SUPPORTING FOUNDATIONS ARE EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)3 OF THE IRC. IN ACCORDANCE WITH IRC REGULATIONS, THE FOUNDATION IS TAXED ON UNRELATED BUSINESS INCOME, WHICH CONSISTS OF EARNINGS FROM ACTIVITIES NOT RELATED TO THE EXEMPT PURPOSE OF THE FOUNDATION. THE FOUNDATION ACCOUNTS FOR TAX UNCERTAINTIES BASED ON A MORE LIKELY THAN NOT RECOGNITION THRESHOLD WHEREBY TAX BENEFITS ARE ONLY RECOGNIZED WHEN THE FOUNDATION BELIEVES THAT THEY HAVE A GREATER THAN 50% LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS EVALUATED ALL ITS TAX POSITIONS AND DETERMINED THAT IT HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2019 AND 2018. 1 QUEENS UNIVERSITY OF CHARLOTTE 19000 SELWYN AVENUE CHARLOTTE NC 28274 560530003 501(C)(3) 11298868 CHARITABLE GIFT 1 0 PART I, LINE 2: GRANTS ARE MADE TO ITS SUPPORTED ORGANIZATION, QUEENS UNIVERSITY OF CHARLOTTE. THE CLOSE RELATIONSHIP BETWEEN THE ORGANIZATIONS SERVES TO MONITOR THE USE OF FUNDS. 0 0 0 0 0 0 0 0 0 DANIEL LUGO PRESIDENT 0 192327 0 0 0 44215 0 12344 0 35095 0 283981 0 0 MATTHEW A PACKEY VICE-PRESIDENT 0 247865 0 58108 0 1420 0 19118 0 18925 0 345436 0 0 HOLLY WELCH STUBBING SECRETARY/TREASURER 0 235947 0 40000 0 2561 0 34800 0 36101 0 349409 0 0 GREG BEURIS ASSISTANT SECRETARY (FROM 9/2019) 0 135311 0 11500 0 1713 0 26190 0 8183 0 182897 0 0 ALYSSA FEDERICO ASSISTANT SECRETARY 0 137084 0 15000 0 1747 0 18312 0 3156 0 175299 0 0 X 112 21195334 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A QUCE BOARD MEMBERS ARE APPOINTED BY ITS SUPPORTED ORGANIZATIONS. THE BOARD INCLUDES ONE COMMUNITY DIRECTOR APPOINTED BY FOUNDATION FOR THE CAROLINAS, AND NO LESS THAN TWO AND NO MORE THAN ELEVEN APPOINTED BY QUEENS UNIVERSITY OF CHARLOTTE. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FINAL FORM 990 WAS DISTRIBUTED TO EACH VOTING MEMBER OF THE BOARD PRIOR TO FILING. THE RETURN WAS AVAILABLE FOR DISCUSSION AT THE BOARD MEETING CLOSEST TO THE FILING DATE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ANNUALLY COMPLETE A CONFLICT OF INTEREST FORM IN COMPLIANCE WITH THE QUEENS UNIVERSITY OF CHARLOTTE'S (SUPPORTED ORGANIZATION) ETHICS POLICY. STAFF COLLECTS AND MAINTAINS THE FORMS ANNUALLY AND MONITORS THE PROCESS. FORM 990, PART VI, SECTION B, LINE 15 THE ENDOWMENT DOES NOT HAVE ANY EMPLOYEES AND THEREFORE DOES NOT HAVE A FORMAL POLICY FOR DETERMINING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ENDOWMENT'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. QUEENS UNIVERSITY OF CHARLOTTE 1900 SELWYN AVENUE CHARLOTTE NC 28274 560530003 EDUCATION NC 501(C)(3) LINE 2 N/A 0 FOUNDATION FOR THE CAROLINAS 220 NORTH TRYON STREET CHARLOTTE NC 28202 566047886 GRANTMAKING NC 501(C)(3) LINE 7 N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 QUEENS UNIVERSITY OF CHARLOTTE B 11298868 CASH PAID QUEENS UNIVERSITY OF CHARLOTTE C 3546746 CASH RECEIVED FOUNDATION FOR THE CAROLINAS M 371641 CASH PAID QUEENS UNIVERSITY OF CHARLOTTE M 63004 CASH PAID