2019-11-15T15:39:29-06:00 2019-06-30 KPMG LLP 300 North Greene Street Suite 400 Greensboro NC 27401 990 2018-07-01 586033837 THE UNIVERSITY OF GEORGIA FOUNDATION % E BRETT JACKSON UNIV 7065426677 394 SOUTH MILLEDGE AVE Suite 100 ATHENS GA 30602 E BRETT JACKSON CFO 7045426677 2019-11-15 true SHAWN M HUTCHINSON P01048557 3362753394 2019-11-14 167.68.102.5 56038220193195000025 2019-11-15 P 9BB97C21993E8286BEE1B5C06781AA451DDB11DF 9BB97C21993E8286BEE1B5C06781AA451DDB11DF 2018 2020-03-31 21:24:44Z E BRETT JACKSON 394 SOUTH MILLEDGE AVE ATHENS GA 30602 408752073 false X WWW.UGAFOUNDATION.ORG X 1937 GA TO PROVIDE SUPPORT FOR THE TEACHING, RESEARCH, PUBLIC SERVICE AND OUTREACH PROGRAMS OF THE UNVERSITY OF GEORGIA. 42 40 0 50 -4741347 -4784247 127751893 119046769 2469037 1953542 42886370 72375540 6503267 9228599 179610567 202604450 83929812 68632340 0 0 0 0 0 0 3816950 23448664 19432551 107378476 88064891 72232091 114539559 1332400027 1430979513 96461565 100733372 1235938462 1330246141 The mission and purpose of the University of Georgia Foundation is to provide support for the teaching, research, public service and outreach programs of the University of Georgia by means of volunteer leadership and assistance in development and fundraising activities; fiduciary care for the assets of the foundation for the long-term benefit and enhancement of the university; and broad advice, consultation and support to the president of the university. The foundation shall operate as a cooperative organization in accordance with policies of the University System of Georgia Board of Regents. false false 78263986 68632340 6393169 THE UNIVERSITY OF GEORGIA FOUNDATION ("THE FOUNDATION") WAS CHARTERED IN 1937 TO ESTABLISH AND MAINTAIN ENDOWMENTS FOR THE SUPPORT OF THE ACADEMIC PROGRAMS OF THE UNIVERSITY OF GEORGIA. THE FOUNDATION MANAGES FUNDS ESTABLISHED WITH THE FOUNDATION IN ACCORDANCE WITH THE INSTRUCTIONS OF THE DONOR AND PROVIDES FINANCIAL SUPPORT UPON REQUEST TO THE UNIVERSITY OF GEORGIA FOR SCHOLARSHIPS, FACULTY SALARY SUPPLEMENT, AWARDS AND LECTURESHIPS AND OPERATING PROGRAMS INVOLVING FUNDRAISING AND CONSTITUENT RELATIONS. 78263986 true true false false false false true true false true true true false false true true false true false true true true false false true false false true false true false false false false false false false false true true false false false true true true false false true 410 0 true 0 true true true CS false false false true true false false false false false false X 42 40 false false false false false false false true true false false true true true true true true true true false GA X X E BRETT JACKSON 7065426677 394 MILLEDGE AVENUE SUITE 100 ATHENS GA 30602 William Douglas Chair 8.0 0.0 X X 0 0 0 John Crawford Vice Chair 5.0 0.0 X X 0 0 0 Steve Jones Secretary 2.0 0.0 X X 0 0 0 Stephen Joiner Treasurer 2.0 0.0 X X 0 0 0 Daniel Amos Trustee 1.0 0.0 X 0 0 0 Kathryn Ash Trustee 2.0 0.0 X 0 0 0 Allison Ausband Trustee 2.0 0.0 X 0 0 0 Eleanor Banister Trustee 1.0 0.0 X 0 0 0 David Battle Trustee 2.0 0.0 X 0 0 0 Michael J Boudens Trustee 2.0 0.0 X 0 0 0 Christopher W Brown Trustee 2.0 0.0 X 0 0 0 Elizabeth Camp Trustee 2.0 0.0 X 0 0 0 Mark Chandler Trustee 1.0 0.0 X 0 0 0 James Childs Trustee 2.0 0.0 X 0 0 0 Pete Correll Trustee 1.0 0.0 X 0 0 0 Victor Corrigan Trustee 1.0 0.0 X 0 0 0 Richard Courts Trustee 1.0 0.0 X 0 0 0 Hillel Feinberg Trustee 2.0 0.0 X 0 0 0 Jennifer Flanagan Trustee 1.0 0.0 X 0 0 0 Frank Foley Trustee 1.0 0.0 X 0 0 0 Mitchell Green Trustee 2.0 0.0 X 0 0 0 Kenneth Jackson Trustee 1.0 0.0 X 0 0 0 Nancy Juneau Trustee 1.0 0.0 X 0 0 0 Seth Knight Trustee 1.0 0.0 X 0 0 0 Charles Knox Trustee 1.0 0.0 X 0 0 0 Emily Lawson Trustee 1.0 0.0 X 0 0 0 Russell Lindner Trustee 1.0 0.0 X 0 0 0 John Mangan Trustee 3.0 0.0 X 0 0 0 Ted McMullan Trustee 1.0 0.0 X 0 0 0 Jere Morehead Ex-Officio Trustee 3.0 40.0 X 0 1357300 244026 Read Morton Trustee 1.0 0.0 X 0 0 0 Andrews Owsiak Ex-Officio Trustee 1.0 40.0 X 0 94913 19776 John Parker Trustee 3.0 0.0 X 0 0 0 Richard Pennell Trustee 2.0 0.0 X 0 0 0 Neal Quirk Trustee 2.0 0.0 X 0 0 0 Stanley Shelton Trustee 2.0 0.0 X 0 0 0 Bonney Shuman Ex-Officio Trustee 1.0 0.0 X 0 0 0 Stephen Smith Trustee 1.0 0.0 X 0 0 0 Robert Stolz Trustee 1.0 0.0 X 0 0 0 Barry Storey Trustee 2.0 0.0 X 0 0 0 Larry Thompson Trustee 1.0 0.0 X 0 0 0 Susan Waltman Trustee 1.0 0.0 X 0 0 0 Jason Bull CIO 40.0 0.0 X 0 198698 54520 Rebecca Caravati CFO/COO 40.0 0.0 X 0 270376 63194 Kelly Kerner Executive Director 15.0 40.0 X 0 368129 52297 Cynthia Coyle Former Executive Director 19.0 0.0 X 0 24570 0 0 2313986 433813 0 true true false PRIME BUCHHOLZ 273 Corporate Drive PORTSMOUTH NH 03801 INVESTING SERVICES 624944 CLASSIC CENTER 300 NORTH THOMAS STREET ATHENS GA 30601 MEETING/CATERING SVC 214145 Seven Twenty One Incorporated 2026 SOUTH MILLEDGE AVE STE B ATHENS GA 30605 CATERING SERVICES 392742 Los Atlanta Holdings PO Box 936485 ATLANTA GA 31193 Property Rental 202243 KPMG LLP 3 CHESTNUT RIDGE RD MONTVALE NJ 07645 ACCOUNTING SERVICES 225399 16 1273918 5149888 112622963 12447980 119046769 RENTS FROM STUDY ABROAD 531110 1117504 1117504 INVESTMENT FEE FROM RELATED ORG 525990 281020 281020 EVENT REGISTRATIONS 900099 555018 555018 1953542 17870175 -4741347 22611522 0 4726218 4726218 0 0 0 257129522 2951228 203357648 2217737 53771874 733491 54505365 54505365 634992 1273918 572238 62754 62754 0 0 0 0 0 0 RETURN OF BUILDING FUNDS 900099 2580039 2580039 OTHER 900099 1859588 1859588 4439627 202604450 6393169 -4741347 81905859 68632340 68632340 0 0 0 0 0 0 0 0 0 0 224576 78421 146155 278911 278911 0 0 853861 853861 775931 376997 78486 320448 733477 518737 35252 179488 475634 216802 71866 186966 192628 444 192184 0 1220574 1021279 1557 197738 300630 252481 7364 40785 0 4723143 3097083 368269 1257791 0 0 1234672 633746 600926 96856 43098 53595 163 REIMBURSEMENTS TO UGA 4024499 4024499 TRANSFERS AND DISTRIBUTIONS 2461045 2461045 MONETARY AWARDS 290520 290520 PROFESSIONAL DUES/MEMBERSHIPS 104396 46387 30250 27759 1441198 594606 33890 812702 88064891 78263986 5983955 3816950 17017660 16114244 121578419 154253166 64996417 74748111 1478331 2439118 0 0 0 0 567153 620151 0 0 353459 288790 43046706 9456034 33825345 33590672 540120762 572600976 547545761 571320596 0 0 0 0 4916720 5003689 1332400027 1430979513 3488939 7611824 0 0 1753250 1242449 0 0 0 0 0 0 15508917 15011522 0 0 75710459 76867577 96461565 100733372 X 134531949 144196185 505135826 542264019 596270687 643785937 1235938462 1330246141 1332400027 1430979513 X 114539559 -19116121 -1115759 X false true X true false X 73213395 92833374 110652088 127751893 119046769 523497519 0 0 73213395 92833374 110652088 127751893 119046769 523497519 30847010 492650509 9187079 8397330 10836195 19515117 23713897 71649618 0 2025750 3416870 2707351 3588058 5910657 17648686 612795823 0.80394 0.80251 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 111.58 1 1 false 2322808 X X false 1066361473 59202967 45282747 33155856 1137691331 947345264 70663428 81200384 32847603 1066361473 821420232 67487794 103484309 45047071 947345264 806767604 60957201 -13705984 32598589 821420232 789347115 39206433 7371694 29157638 806767604 0.11820 0.52950 0.35230 false false 14392706 14392706 19232870 5125182 14107688 4931779 4330852 600927 4489351 4489351 33590672 CASH & SHORT-TERM INVESTMENTS 38951880 F MARKETABLE ALTERNATIVES 247314300 F NON-MARKETABLE ALTERNATIVES 164402717 F SPLIT INTEREST INVESTMENTS 1268871 F COMMINGLED FIXED INCOME 114799783 F BENEFICIAL INT IN PERP TRUST 4583045 F 571320596 0 FUNDS HELD FOR OTHERS 65732148 DEFERRED GIFT OBLIGATIONS 8809640 DERIVATIVE FINANCIAL INSTRUMENTS 2325789 76867577 X 182246238 -19116121 -19116121 201362359 756369 485722 1242091 202604450 87938559 630037 630037 87308522 756369 756369 88064891 PART II, LINE 9 CONSERVATION EASEMENT THE FOUNDATION HOLDS ONE CONSERVATION EASEMENT. THE PERPETUAL CONSERVATION EASEMENT CONSISTS OF 111.584 ACRES LOCATED IN MADISON COUNTY, GEORGIA. THE PURPOSES OF THE CONSERVATION EASEMENT ARE TO PRESERVE AND PROTECT THE CONSERVATION VALUES OF THE PROPERTY AND TO MAINTAIN PERMANENTLY THE DOMINANT WOODLAND, SCENIC, OPEN AND NATURAL CHARACTER OF THE PROPERTY, INCLUDING LAND AND WATER RESOURCES; TO PROTECT PLANTS AND ANIMALS AND PLANT AND ANIMAL COMMUNITIES ON OR AFFECTED BY THE PROPERTY'S MANAGEMENT; AND TO PREVENT ANY USE OF THE PROPERTY THAT WILL SIGNIFICANTLY IMPAIR OR INTERFERE WITH THE CONSERVATION VALUES OR INTERESTS OF THE PROPERTY. PART III, LINE 4 ORGANIZATION'S ART COLLECTIONS WORKS OF ART RECORDED ON THE UGA FOUNDATION'S BALANCE SHEET ARE MAINTAINED BY THE UNIVERSITY OF GEORGIA'S, GEORGIA MUSEUM OF ART, THE OFFICIAL COLLECTOR AND KEEPER OF IMPORTANT WORKS OF ART FOR THE UNIVERSITY, TO CARE AND USE THE WORK FOR MUSEUM PURPOSES. THE MUSEUM MAINTAINS AND MANAGES A PERMANENT COLLECTION OF ART. WORKS NOT MEETING MUSEUM STANDARDS MAY STILL BE DETERMINED OF VALUE TO THE UNIVERSITY FOR DECORATIVE, INSTRUCTIONAL OR RESALE PURPOSES. ALL WORKS OF ART ARE HELD FOR FURTHER BENEFIT OF THE UNIVERSITY. PART V, LINE 4 ENDOWMENT FUNDS THE ENDOWMENTS ARE MAINTAINED TO SUPPORT THE ACADEMIC PURPOSES OF THE UNIVERSITY OF GEORGIA, INCLUDING SCHOLARSHIPS, FELLOWSHIPS, AWARDS, LECTURESHIPS, RESEARCH, TRAINING AND PROFESSORSHIPS. PART X, LINE 2 FIN 48 (ASC 740) DISCLOSURE The Foundation is exempt from federal income taxes under Internal Revenue Code (IRC) Section 501(a) as a nonprofit organization described in IRC Section 501(c)(3). The Internal Revenue Service has determined that the Foundation is not a private foundation under Section 509(a) of the IRC. The Foundation is subject to federal income tax on unrelated business income. The Foundation does not have any material unrecognized tax positions that should be recognized in the consolidated financial statements for 2019 and 2018. PART XI, LINE 4B CHANGE IN VALUE OF ANNUITIES 645,840 CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE (119,806) CHANGE IN FAIR VALUE OF DERIVATIVES 1,055,888 CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST (142,400) INCOME FROM SUBSIDIARY (381,562) FUNDRAISING EXPENSE (572,238) TOTAL 485,722 PART XII, LINE 2D EXPENSE FROM SUBSIDIARY 57,799 FUNDRAISING EXPENSE 572,238 TOTAL 630,037 Central America and the Caribbean Investments 147883485 Europe (Including Iceland and Greenland) Investments 8197350 Central America and the Caribbean Program Services SUPPORT ACADEMIC PRGMS 57799 156138634 156138634 true false true true true false PART II, LINE 3 The Foundation previously formed the UGA Ecolodge and Research Station S.A. under Costa Rican law as a wholly owned foreign corporation, established to own and operate a study abroad facility in Costa Rica for the benefit of the University. The facility was sold in April of 2019 and the Foundation is awaiting dissolution of this corporation. false GALA 749847 377913 371934 132638 122479 BALL 334433 297409 37024 26843 98057 16 824630 598596 226034 2160 78583 9006 102472 1908910 1273918 634992 2160 238064 9006 323008 572238 62754 false THE UNIVERSITY OF GEORGIA BROAD STREET ATHENS GA 30602 586001998 GOV'T 49142042 N/A N/A SCHOLARSHIPS & OTHER SUPPORT NATIONAL MERIT SCHOLARSHIP PO BOX 99389 CHICAGO IL 60693 362307745 501(C)(3) 75500 N/A N/A SCHOLARSHIPS UGA ATHLETIC ASSOCIATION 1 SELIG CIRCLE BUTTS MEHRE BUILDIN ATHENS GA 30602 580652581 501(C)(3) 19194663 N/A N/A SCHOLARSHIPS & CONSTRUCTION 3 PART I, QUESTION 2 MONITORING THE USE OF GRANT FUNDS The grants made by the University of Georgia Foundation were made to the University of Georgia, related organizations and public charities for use in their exempt mission. Accordingly, the University of Georgia Foundation expects the recipients to use the funds for proper purposes, and as such, does not subsequently monitor the grants. X true true false true false false false false false false false Jere Morehead Ex-Officio Trustee 620851 736449 235456 8570 1601326 711949 Jason Bull CIO 183130 15568 37229 17291 253218 Rebecca Caravati CFO/COO 270376 51011 12183 333570 Kelly Kerner Executive Director 364200 3929 25410 26887 420426 Cynthia Coyle Former Executive Director 24291 279 24570 SCHEDULE J, PART I, LINE 1A HEALTH OR SOCIAL CLUB DUES THE UNIVERSITY OF GEORGIA FOUNDATION PROVIDES CERTAIN EXECUTIVES WITH TAXABLE COMPENSATION TO REIMBURSE THE EXPENSE OF MEMBERSHIP DUES AND APPROPRIATE INITIATION FEES FOR A SOCIAL OR COUNTRY CLUB USED FOR THE UNIVERSITY OF GEORGIA FOUNDATION BUSINESS ENTERTAINMENT PURPOSES. SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN JERE MOREHEAD RECEIVED $202,110 FROM A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN, PAID BY THE UNIVERSITY OF GEORGIA, A RELATED ORGANIZATION. SCHEDULE J, PART II, COLUMN F The Compensation of $711,949 was paid by the University to Jere W. Morehead during 2018 from prior years deferred compensation supplemental non-qualified retirement plan contributions and has been included in his taxable compensation. X 214 10567979 FMV X HORSES 12 1880001 APPRAISAL false true true SCHEDULE M, LINE 31 The organization has a gift acceptance committee and policy. The committee reviews any non-standard contribution that the organization accepts. SCHEDULE M, LINE 32B The University of Georgia Foundation utilizes Merrill Lynch as a broker to sell publicly traded securities. FORM 990, PART VI, SECTION B, LINE 11 A copy of the finalized Form 990 was submitted to each member of the governing body via secure email for their review before filing. FORM 990, PART VI, SECTION B, LINE 12C Officers, Directors and Trustees must fill out an annual disclosure of interests which is reviewed by the University of Georgia Foundation Audit Committee. FORM 990, PART VI, SECTION B, LINE 15 The University of Georgia Foundation does not have any employees. There is an administrative services agreement between the University of Georgia and The University of Georgia Foundation. Individuals who provide services to the Foundation are employees of the University of Georgia. The University of Georgia reviews performance and establishes compensation that follows University policies. FORM 990, PART VI, SECTION C, LINE 19 Organization documents are available on the website and upon request. FORM 990, PART XI, LINE 9 CHANGE IN VALUE OF ANNUITIES (645,840) CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 119,806 CHANGE IN FAIR VALUE OF DERIVATIVES (1,055,888) CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 142,400 INCOME FROM SUBSIDIARY 323,763 TOTAL (1,115,759) THE UNIVERSITY OF GEORGIA BROAD STREET ATHENS GA 30602 586001998 PUBLIC UNIVER GA NA false UGA ATHLETIC ASSOCIATION 1 SELIG CIRCLE ATHENS GA 30602 580652518 SUPPORT UGA GA 501(C)(3) 5 UGA false UGA RESEARCH FOUNDATION 200 DW BROOKS DRIVE ATHENS GA 30602 581353149 SUPPORT UGA GA 501(C)(3) 7 NA false UGA REAL ESTATE FOUNDATION 229 COLLEGE AVE SUITE 200 ATHENS GA 30601 582491922 SUPPORT UGA GA 501(C)(3) 12e UGA RESEARCH false UGA ECOLODGE AND RESEARCH STATION SA SANTA ELENA DE MONTEVERDE PUNTARENAS COSTA RICA CS SEE PART VII CS UGA FOUNDATION C CORP 323763 1.00000 true false true true false false false false false false true false false false true true false false true false UNIVERSITY OF GEORGIA B 49880855 CASH UGA ATHLETIC ASSOCIATION B 19279422 CASH UNIVERSITY OF GEORGIA J 1117504 RENT REVENUE UGA ATHLETIC ASSOCIATION C 5149888 CASH UGA ATHLETIC ASSOCIATION R 2699018 CASH & PROPERTY UNIVERSITY OF GEORGIA R 4485434 CASH UNIVERSITY OF GEORGIA RESEARCH FOUNDATION C 750000 CASH PART IV, LINE 1 MANAGE COSTA RICA STUDY ABROAD PROGRAM & SUPPORT RESEARCH.