2018-05-09T08:58:23-05:00 2017-06-30 KPMG LLP 300 North Greene Street Suite 400 Greensboro NC 27401 990 2016-07-01 591711424 THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL FOUNDATION INC % CHANDRIKA RAO UNIV 9199627241 104 AIRPORT DRIVE CB1270 CHAPEL HILL NC 275991270 DAVID ROUTH VP & SECRETARY 9199627007 2018-05-07 true SHAWN M HUTCHINSON P01048557 3362753394 2018-05-04 2016 2022-09-23 18:48:47Z Haywood Cochrane 104 AIRPORT DRIVE CB1270 CHAPEL HILL NC 27599 67970507 false X N/A X 1977 NC TO AID, SUPPORT, AND PROMOTE TEACHING, RESEARCH, AND SERVICE IN THE VARIOUS EDUCATIONAL, SCIENTIFIC, SCHOLARLY, PROFESSIONAL, ARTISTIC, AND CREATIVE ENDEAVORS OF UNC - CH 16 14 0 14 0 0 15142096 38284718 0 0 1678554 2640560 -356128 0 16464522 40925278 14606354 18332065 0 0 0 0 0 0 0 3179111 3682351 17785465 22014416 -1320943 18910862 366599336 412550174 59785416 61972668 306813920 350577506 TO AID, SUPPORT, AND PROMOTE TEACHING, RESEARCH, AND SERVICE IN THE VARIOUS EDUCATIONAL, SCIENTIFIC, SCHOLARLY, 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Fritsch DIRECTOR 1.0 0.0 X 0 0 0 Julia Sprunt Grumbles DIRECTOR 1.0 0.0 X 0 0 0 Kel Landis DIRECTOR 1.0 0.0 X 0 0 0 Steve Lerner DIRECTOR 1.0 0.0 X 0 0 0 Willard J Overlock Jr DIRECTOR 1.0 0.0 X 0 0 0 David Pardue DIRECTOR 1.0 0.0 X 0 0 0 Roger Perry DIRECTOR 1.0 0.0 X 0 0 0 Nelson Schwab DIRECTOR 1.0 0.0 X 0 0 0 Sallie Shuping-Russell DIRECTOR 1.0 0.0 X 0 0 0 John Townsend DIRECTOR 1.0 0.0 X 0 0 0 Matthew Fajack TREASURER 1.0 40.0 X X 0 354037 55428 David Routh VICE PRESIDENT & SECRETARY 1.0 40.0 X 0 536043 63153 Elizabeth Ayers ASSISTANT VP 1.0 40.0 X 0 171871 57612 Cynthia Butler ASSISTANT VP 1.0 40.0 X 0 288293 69154 David Kass ASSISTANT VP 1.0 40.0 X 0 190655 66663 Jeff Kidd ASSISTANT VP 1.0 40.0 X 0 109086 30193 Gordon Merklein ASSISTANT VP 1.0 40.0 X 0 240859 51538 Brian Smith ASSISTANT VP 1.0 40.0 X 0 192978 60420 Catherine Pierce ASSISTANT SECRETARY 1.0 40.0 X 0 105585 27657 Meredith Weiss FORMER ASSISTANT VP 0.0 0.0 X 0 202523 43385 0 2980619 580735 0 true true false HURON 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ESTATE 2302250 F 348683075 ARTWORK 32479285 DUE FROM CHAPEL HILL FDN REH 1720250 CASH SURRENDER VALUE LIFE INS 1439684 35639219 0 LIABILITIES UNDER SPLIT-INT 47071890 DUE TO UNIVERSITY OF NORTH CAR 10886919 LINE OF CREDIT 3914347 61873156 X SCHEDULE D, PART III, LINE 4 The collection of the Ackland Art Museum includes more than 18,000 works of donated and purchased art in a variety of mediums. These pieces of artwork aid, support, and promote teaching, research, and service in the artistic and creative endeavor of the University of North Carolina at Chapel Hill. SCHEDULE D, PART X, LINE 2 The University of North Carolina Foundation, Inc. is exempt from Federal income tax under Internal Revenue Code Section 501(a) as an organization described in Section 501(c)(3), and is further classified as a public charity under the provisions of Section 509(a)(1) of the Code. The Foundation is subject to unrelated business income taxes; however, there were no such taxes in 2017 or 2016 and, accordingly, a provision has not been made in the financial statements. true UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL 104 AIRPORT DRIVE CB 1270 CHAPEL HILL NC 27599 560001393 501(c)(3) 15441621 FMV N/A SUPPORT OF UNC'S MISSION CHAPEL HILL FDN REAL ESTATE HOLDINGS INC CAMERON AVE 300 BLDG CB 100 CHAPEL HILL NC 27599 262858176 501(c)(3) 2890444 FMV RESIDENTAL PROPERTY SUPPORT OF UNC'S MISSION 2 FORM 990, SCH I, PART I, LINE 2 MONITORING THE USE OF GRANT FUNDS GRANTS MADE BY THE ORGANIZATION WERE MADE TO A PUBLIC CHARITY FOR USE IN ITS EXEMPT MISSION. ACCORDINGLY, THE ORGANIZATION EXPECTS THE CHARITY TO USE THE FUNDS FOR PROPER PURPOSES, AND AS SUCH, DOES NOT SUBSEQUENTLY MONITOR THE GRANT. X true true false false false false false false false false false David Routh VICE PRESIDENT & SECRETARY 0 527249 0 0 0 8794 0 41726 0 21427 0 599196 0 0 Carol Folt CHANCELLOR 0 584589 0 0 0 4100 0 34026 0 21506 0 644221 0 0 Elizabeth Ayers ASSISTANT VP 0 171871 0 0 0 0 25210 0 32403 0 229484 0 0 Cynthia Butler ASSISTANT VP 0 282293 0 0 0 6000 0 46668 0 22486 0 357447 0 0 David Kass ASSISTANT VP 0 190655 0 0 0 0 0 49281 0 17383 0 257319 0 0 Gordon Merklein ASSISTANT VP 0 240859 0 0 0 0 0 31330 0 20208 0 292397 0 0 Brian Smith ASSISTANT VP 0 192978 0 0 0 0 0 42955 0 17465 0 253398 0 0 Meredith Weiss FORMER ASSISTANT VP 0 202523 0 0 0 0 0 27689 0 15696 0 245908 0 0 Matthew Fajack TREASURER 0 345972 0 0 0 8065 0 34026 0 21402 0 409465 0 0 FORM 990, SCH J, LINE 1 HEALTH/SOCIAL CLUB DUES CYNTHIA BUTLER, CAROL FOLT, DAVID ROUTH, AND MATTHEW FAJACK RECEIVED CLUB MEMBERSHIP DUES. BUSINESS USE IS NOT TREATED AS TAXABLE COMPENSATION TO THE RECIPIENT. ANY PERSONAL USE IS TREATED AS TAXABLE COMPENSATION TO THE RECIPIENT. FORM 990, SCH J, LINE 3 COMPENSATION REVIEW THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL FOUNDATION, INC. DOES NOT HAVE EMPLOYEES AND DOES NOT COMPENSATE ANY OF ITS OFFICERS OR DIRECTORS. RELATED ORGANIZATION COMPENSATION IS PROVIDED BY THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL. X 21 17323038 APPRAISAL X 31 9645331 FMV X 9 6889 FMV X TRIPS 2 3140 FMV X ADVERTISING 2 523 FMV 6 false true true Form 990, Sch M, Part I Line 32A USE OF THIRD PARTIES THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL FOUNDATION, INC. USES THIRD PARTY STOCK BROKERS TO PROCESS NON-CASH CONTRIBUTIONS. Form 990 Part VI Line 2 FAMILY OR BUSINESS RELATIONSHIPS THE CHAIRMAN AND PRESIDENT OF THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL FOUNDATION, INC. AND SEVERAL OTHER BOARD MEMBERS ARE ALSO TRUSTEES OF THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL. SEVERAL BOARD MEMBERS AND OFFICERS ARE ALSO EMPLOYEES OF THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL. THEREFORE, THE FOLLOWING INDIVIDUALS ARE DEEMED TO HAVE A BUSINESS RELATIONSHIP: DAVID ROUTH, CAROL FOLT, ELIZABETH AYERS, JEFF KIDD, GORDON MERKLEIN, BRIAN SMITH, MEREDITH WEISS, CARROLL SCOTT, HAYWOOD COCHRANE, JULIA SPRUNT GRUMBLES, DWIGHT STONE, DAVID CARROLL, MATTHEW FAJACK, CYNTHIA BUTLER, CATHERINE PIERCE, AND DAVID KASS. NELSON SCHWAB AND MAX CHAPMAN, JR. HAVE A BUSINESS RELATIONSHIP. JOHN TOWNSEND AND MAX CHAPMAN, JR. HAVE A BUSINESS RELATIONSHIP. STEVE LERNER AND SALLIE SHUPING-RUSSELL HAVE A BUSINESS RELATIONSHIP. Form 990 Part VI Line 11b BOARD REVIEW OF FORM 990 FORM 990 WAS PREPARED BY INDEPENDENT CONTRACTORS. A DRAFT PUBLIC INSPECTION FORM 990 WAS DISTRIBUTED TO AND REVIEWED BY LEGAL COUNSEL, AUDIT COMMITTEE, TREASURER, EXECUTIVE DIRECTOR, AND THE CHAIRMAN/PRESIDENT OF THE BOARD. A DRAFT COMPLETE FORM 990 INCLUDING AN UNREDACTED SCHEDULE B WAS DISTRIBUTED TO AND REVIEWED BY THE EXECUTIVE DIRECTOR. BASED ON THE FEEDBACK PROVIDED, MANAGEMENT UPDATED THE DRAFT FORM 990. A COPY OF THE RETURN MADE AVAILABLE FOR PUBLIC INSPECTION WAS PROVIDED TO THE COMPLETE BOARD PRIOR TO FILING. Form 990 Part VI Line 12c CONFLICT OF INTEREST POLICY THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL FOUNDATION, INC. HAS A CONFLICT OF INTEREST POLICY. IT IS THE RESPONSIBILITY OF EACH BOARD MEMBER TO ANNUALLY NOTIFY THE FOUNDATION OF ANY POTENTIAL CONFLICTS. THE ORGANIZATION'S ANNUAL NOTIFICATION PROCESS SERVES AS ITS PROCESS FOR MONITORING POTENTIAL CONFLICTS. Form 990 Part VI, PART VII, Line 15A COMPENSATION REVIEW THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL FOUNDATION, INC. DOES NOT HAVE EMPLOYEES AND DOES NOT COMPENSATE ANY OF ITS OFFICERS OR DIRECTORS. RELATED ORGANIZATION COMPENSATION IS PROVIDED BY THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL. Form 990 Part VI Line 19 GOVERNING DOCUMENTS THE GOVERNING DOCUMENTS HAVE BEEN PROVIDED TO THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL AND EACH YEAR THE ANNUAL AUDITED STATEMENTS ARE PROVIDED TO THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL. THESE DOCUMENTS IN THE HANDS OF THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL ARE SUBJECT TO PUBLIC RECORDS ACT AND WOULD BE PROVIDED TO THE PUBLIC UPON REQUEST. Form 990 Part XI Line 9 OTHER CHANGES IN NET ASSETS CHANGE IN CSV OF LIFE INSURANCE (104,557) CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT (6,448,008) UNC-CHAPEL HILL 104 AIRPORT DRIVE CB 1270 CHAPEL HILL NC 27599 566001393 EDUCATION NC 501(C)(3) 2 NA false UNC-CH FOUNDATION INVESTMENT FUND INC 104 AIRPORT DRIVE SUITE 3200 CHAPEL HILL NC 27599 561951586 INVESTMENTS NC 501(C)(3) 7 NA false UNC INVESTMENT FUND LLC 1400 ENVIRON WAY CHAPEL HILL NC 27517 208346934 INVESTMENTS NC 501(C)(3) 7 NA false UNC MANAGEMENT COMPANY INC 1400 ENVIRON WAY CHAPEL HILL NC 27517 364516257 INVT. MGMT. 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