2018-11-15T16:21:21-06:00 2018-06-30 KPMG LLP 300 North Greene Street Suite 400 Greensboro NC 27401 990 2017-07-01 586033837 THE UNIVERSITY OF GEORGIA FOUNDATION % REBECCA V CARAVATI UNIV 7065426677 394 SOUTH MILLEDGE AVE Suite 100 ATHENS GA 30602 REBECCA V CARAVATI CFO/COO 7045426677 2018-11-15 true DAVID L STARK P00892024 3362753394 2018-11-14 167.68.102.5 56038220183195000008 2018-11-15 P C8CB3EFEA1BF4B35460B00C83F6DA374EAE250A1 C8CB3EFEA1BF4B35460B00C83F6DA374EAE250A1 2017 2019-02-21 02:37:17Z REBECCA V CARAVATI 394 SOUTH MILLEDGE AVE ATHENS GA 30602 272721002 false X WWW.UGAFOUNDATION.ORG X 1937 GA TO SUPPORT THE UNIVERSITY OF GEORGIA 42 40 0 48 -2770016 -2811402 108820446 127751893 2279598 2469037 37857670 42886370 5507942 6503267 154465656 179610567 57968748 83929812 0 0 0 0 0 0 4554193 21097772 23448664 79066520 107378476 75399136 72232091 1218700401 1332400027 95844622 96461565 1122855779 1235938462 TO SUPPORT THE UNIVERSITY OF GEORGIA false false 97013461 83929812 4500473 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. 97013461 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 463 0 true 0 true true true CS false false false true true 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 REBECCA V CARAVATI 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 1.5 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 Boudens Trustee 2.0 0.0 X 0 0 0 Garry Bridgeman Trustee 2.0 0.0 X 0 0 0 Christopher 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 Samuel Holmes Trustee 1.0 0.0 X 0 0 0 Kenneth Jackson 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 2.0 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 633650 245161 Read Morton Trustee 1.0 0.0 X 0 0 0 John Neel Trustee 1.0 0.0 X 0 0 0 Thomas Paris Trustee 1.0 0.0 X 0 0 0 Scott Pegan Ex-Officio Trustee 1.0 40.0 X 0 126667 44034 John Parker Trustee 1.0 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 William Young Trustee 1.0 0.0 X 0 0 0 Jason Bull CIO 40.0 0.0 X 0 0 0 Rebecca Caravati CFO/COO 40.0 0.0 X 0 136103 28868 KELLY KERNER EXECUTIVE DIRECTOR 15.0 40.0 X 0 361861 50896 Brandon Scott PY INTERIM CFO 40.0 0.0 X 0 121264 43418 CYNTHIA COYLE FORMER EXECUTIVE DIRECTOR 19.0 0.0 X 0 97037 0 0 1476582 412377 0 true true false PRIME BUCHHOLZ ASSOCIATES INC 25 CHESTNUT STREET PORTSMOUTH NH 03801 INVESTING SERVICES 551290 THE CLASSIC CENTER AUTHORITY 300 N THOMAS STREET ATHENS GA 30601 MEETING/CATERING SVC 365834 TRUMPS CATERING 2026 S MILLEDGE AVE STE B ATHENS GA 30605 CATERING SERVICES 363616 BLACKBAUD 2000 DANIEL ISLAND DRIVE CHARLESTON SC 29492 INFO TECH SVS 264286 KPMG LLP 3 CHESTNUT RIDGE RD MONTVALE NJ 07645 ACCOUNTING SERVICES 264060 18 1313935 4636270 121801688 16230788 127751893 RENTS FROM STUDY ABROAD 531110 1161698 1161698 INVESTMENT FEE FROM RELATED ORG 525990 304064 304064 EVENT REGISTRATIONS 900099 1003275 1003275 2469037 14992293 -2770016 17762309 0 4522824 4522824 0 0 0 120400172 92506095 27894077 27894077 27894077 553347 1313935 604340 -50993 -50993 0 0 0 0 0 0 LICENSE PLATE REVENUE 900099 588680 588680 OTHER 900099 1442756 1442756 2031436 179610567 4500473 -2770016 50128217 83873013 83873013 0 56799 56799 0 0 0 0 0 0 0 0 96744 33698 63046 242399 242399 0 0 799635 799635 1160692 682596 183144 294952 1187761 934948 41005 211808 1110215 648073 122787 339355 317340 423 316917 0 1255065 1063689 1681 189695 1242251 966519 112181 163551 0 6265990 4386099 417899 1461992 0 0 1244005 643079 600926 142034 86839 53999 1196 REIMBURSEMENTS TO UGA 3714301 3714301 TRANSFERS AND DISTRIBUTIONS 2011558 2011558 MONETARY AWARDS 454828 454828 0 0 PROFESSIONAL DUES/MEMBERSHIPS 196802 136274 27925 32603 2007044 1035026 30820 941198 107378476 97013461 5810822 4554193 17492529 17017660 113570412 121578419 57787614 64996417 1169692 1478331 0 0 0 0 252785 567153 0 0 365372 353459 42046706 8221361 37442349 33825345 479589071 540120762 506131448 547545761 0 0 0 0 4899129 4916720 1218700401 1332400027 3682994 3488939 0 0 641469 1753250 0 0 0 0 0 0 16791136 15508917 0 0 74729023 75710459 95844622 96461565 X 121435876 134531949 461685019 505135826 539734884 596270687 1122855779 1235938462 1218700401 1332400027 X 72232091 42307597 -1457005 X false true X true false X 61801918 73213395 92833374 110652088 127751893 466252668 0 0 61801918 73213395 92833374 110652088 127751893 466252668 34534900 431717768 9092298 9187079 8397330 10836195 19515117 57028019 0 2937619 2025750 3416870 2707351 3588058 14675648 537956335 0.80251 0.77980 X X 1 111.58 1 1 false 0 2322808 X X false 944831005 70372037 81200384 32847603 1063555823 821420232 67487794 100970050 45047071 944831005 806767604 60957201 -13705984 32598589 821420232 789347115 39206433 7371694 29157638 806767604 668945744 35115851 110322009 25036489 789347115 0.11170 0.52580 0.36250 false false 13392706 13392706 19232870 4491435 14741435 4931779 3729926 1201853 4489351 4489351 33825345 2100801 F CASH & SHORT-TERM INVESTMENTS 4492041 F MARKETABLE ALTERNATIVES 283315484 F NON-MARKETABLE ALTERNATIVES 135884093 F SPLIT INTEREST INVESTMENTS 1353166 F COMMINGLED FIXED INCOME 115959531 F BENEFICIAL INT IN PERP TRUST 4440645 F 547545761 0 FUNDS HELD FOR OTHERS 65674951 DEFERRED GIFT OBLIGATIONS 8765607 DERIVATIVE FINANCIAL INSTRUMENTS 1269901 75710459 X 221740499 42307597 524492 42832089 178908410 702157 702157 179610567 108657816 1981497 1981497 106676319 702157 702157 107378476 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 2018 and 2017. PART XI, LINE 2D CHANGE IN VALUE OF ANNUITIES (189,339) CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 89,108 CHANGE IN FAIR VALUE OF DERIVATIVES 940,830 CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 203,043 INCOME FROM SUBSIDIARY 1,249,510 FUNDRAISING EXPENSE 604,340 LOSS ON IMPAIRMENT OF PROPERTY (2,373,000) TOTAL 524,492 PART XII, LINE 2D EXPENSE FROM SUBSIDIARY 1,377,157 FUNDRAISING EXPENSE 604,340 TOTAL 1,981,497 true Central America and the Caribbean 1 30 Program Services SUPPORT ACADEMIC PRGMS 1377157 1 30 1 30 1377157 1377157 Central America and the Caribbean ACADEMIC PROGRAM SUPPORT 56799 WIRE TRANSFE 0 N/A FMV 0 1 true false true true true false PART I, LINE 2 MONITORING THE USE OF GRANT FUNDS THE GRANT MADE BY THE UNIVERSITY OF GEORGIA FOUNDATION WAS MADE TO UGA ECOLODGE AND RESEARCH STATION, S.A., A WHOLLY OWNED FOREIGN CORPORATION. THE UNIVERSITY OF GEORGIA FOUNDATION EXPECTS THE FUNDS TO BE USED FOR THE UNIVERSITY'S STUDY ABROAD PROGRAM, AND AS SUCH, SUBSEQUENTLY MONITORS THE GRANT. false GALA 644615 343882 300733 132602 3500 121674 BALL 383017 345213 37804 24249 112012 19 839650 624840 214810 14081 93746 200 102276 1867282 1313935 553347 14081 250597 3700 335962 604340 -50993 false THE UNIVERSITY OF GEORGIA BROAD STREET ATHENS GA 30602 586001998 GOV'T 53817536 N/A N/A SCHOLARSHIPS & OTHER SUPPORT NATIONAL MERIT SCHOLARSHIP PO BOX 99389 CHICAGO IL 60693 362307745 501(C)(3) 63000 N/A N/A SCHOLARSHIPS UGA ATHLETIC ASSOCIATION 1 SELIG CIRCLE BUTTS MEHRE BUILDIN ATHENS GA 30602 580652581 501(C)(3) 29924520 N/A N/A SCHOLARSHIPS & CONSTRUCTION 3 0 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 0 609342 0 0 0 24308 0 236754 0 8407 0 878811 0 0 Scott Pegan Ex-Officio Trustee 0 126487 0 0 0 180 0 21283 0 22751 0 170701 0 0 Rebecca Caravati CFO/COO 0 135339 0 0 0 764 0 23114 0 5754 0 164971 0 0 Brandon Scott PY INTERIM CFO 0 121264 0 0 0 0 0 19985 0 23433 0 164682 0 0 CYNTHIA COYLE FORMER EXECUTIVE DIRECTOR 0 96929 0 0 0 108 0 0 0 0 0 97037 0 0 KELLY KERNER EXECUTIVE DIRECTOR 0 358543 0 0 0 3318 0 24948 0 25948 0 412757 0 0 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 $204,014 FROM A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN, PAID BY THE UNIVERSITY OF GEORGIA, A RELATED ORGANIZATION. X 251 14669015 FMV X 1 100022 FMV X HORSES 13 1461751 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 (189,339) CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 89,108 CHANGE IN FAIR VALUE OF DERIVATIVES 940,830 CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 203,043 LOSS ON IMPAIRMENT OF PROPERTY (2,373,000) INCOME FROM SUBSIDIARY (127,647) TOTAL (1,457,005) THE UNIVERSITY OF GEORGIA BROAD STREET ATHENS GA 30602 586001998 PUBLIC UNIVER GA 501(C)(3) 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) 11e 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 -127647 2693089 1.00000 true false true true false false false false false true false false false true true false false true false UNIVERSITY OF GEORGIA B 53817536 CASH UGA ATHLETIC ASSOCIATION B 30197952 CASH UNIVERSITY OF GEORGIA J 1161698 RENT REVENUE UGA ATHLETIC ASSOCIATION C 4636270 CASH UGA ATHLETIC ASSOCIATION R 2460304 CASH & PROPERTY UGA ECOLODGE SAN LUIS & RESEARCH STATION B 56799 CASH UNIVERSITY OF GEORGIA R 5489397 CASH PART IV, LINE 1 MANAGE COSTA RICA STUDY ABROAD PROGRAM & SUPPORT RESEARCH.