2017-11-15T13:32:54-06:00 2017-06-30 KPMG LLP 300 North Greene Street Suite 400 Greensboro NC 27401 990 2016-07-01 566057494 THE MEDICAL FOUNDATION OF NORTH CAROLINA INC % BETTY M WHICHARD MEDI 9199661201 880 MARTIN LUTHER KING JR BLVD CHAPEL HILL NC 27514 CAM ENARSON MD INTERIM PRESIDENT 9199661201 2017-11-13 true SHAWN HUTCHINSON P01048557 3362753394 2017-11-13 167.68.102.5 56038220173195000008 2017-11-15 P 0FDAAA6559BF62449C4F7FF037D4229B0FF8AF42 C8CB3EFEA1BF4B35460B00C83F6DA374EAE250A1 2016 2017-02-10 21:41:12Z CAM ENARSON MD 880 MARTIN LUTHER KING BLVD CHAPEL HILL NC 27514 79503162 false X WWW.MEDICALFOUNDATIONOFNC.ORG X 1949 NC THE MEDICAL FOUNDATION OF NORTH CAROLINA, INC. SECURES FINANCIAL AND VOLUNTEER RESOURCES FOR THE UNC SCHOOL OF MEDICINE AND UNC HEALTH CARE TO PROVIDE A HEALTHIER FUTURE. 30 30 0 300 0 26055272 24085509 451392 321487 1361709 3539066 1334479 1282667 29202852 29228729 14594365 21944963 0 0 556585 809418 95527 0 2224392 3147208 3404344 18393685 26158725 10809167 3070004 286416118 316508243 754540 939312 285661578 315568931 X THE MEDICAL FOUNDATION OF NORTH CAROLINA, INC. SECURES FINANCIAL AND VOLUNTEER RESOURCES FOR THE UNC SCHOOL OF MEDICINE AND UNC HEALTH CARE TO PROVIDE A HEALTHIER FUTURE THROUGH MEDICAL EDUCATION, RESEARCH AND PATIENT CARE. false false 21944963 21944963 321487 The Foundation processed in excess of 28,000 gifts from over 15,000 donors during the course of the fiscal year. Foundation development staff completed numerous phones calls and personal visits to major gift donors during fiscal year 2017. These calls and visits were in addition to the contacts completed during the cultivation and other events held on and off of the University of North Carolina at Chapel Hill campus. DONORS RECEIVE GIFT ACKNOWLEDGEMENTS COORDINATED BY THE FOUNDATION FOR THEIR GIFTS. THE FOUNDATION HAS SEVERAL DONOR RECOGNITION SOCIETIES THAT HONOR AND CULTIVATE DONORS INCLUDING CO-FOUNDERS' CLUB FOR ANNUAL GIVING OF $2,000 OR MORE, LOYALTY FUND ASSOCIATES FOR MEDICAL ALUMNI DONORS, AND THE W. REECE BERRYHILL SOCIETY FOR DONORS WHO MAKE PLANNED GIFTS. DONORS ARE LISTED ON DONOR RECOGNITION WALLS, ARE OFFERED NAMING OPPORTUNITIES AT UPPER LEVELS, ARE INVITED TO PARTICIPATE IN EDUCATIONAL OPPORTUNITIES, TOURS, AND SPECIAL EVENTS, AND TO RECEIVE NEWS AND INFORMATION ABOUT MEDICINE AT UNC THROUGH VARIOUS COMMUNICATIONS, INCLUDING A CASE STATEMENT PRODUCED BY THE MEDICAL LOYALTY FUND WITH ANNUAL FUNDRAISING RESULTS. ENDOWMENT DONORS RECEIVE ANNUAL STEWARDSHIP REPORTS ON THE FINANCIAL PERFORMANCE OF THEIR FUNDS AND THE USE OF THE ANNUAL DISTRIBUTIONS. The Medical Foundation manages over 1,800 funds, including endowments, restricted, and unrestricted funds. These funds provide key support for patients, students, faculty, research, and other School of Medicine priorities. The support these funds provide is essential to the continued instructional and research excellence of the School of Medicine and UNC HealthCare System. 21944963 true true false false false false false false false true true true false false true true true false false false false false false false true false false true true true false false false false false false false false true false false false true true true true false false true 155 0 true 0 false false false false false true true false false false false X 30 30 true false false false false false false true true false false true true true true true true true true false X BETTY M WHICHARD 9199661201 880 MARTIN LUTHER KING BLVD CHAPEL HILL NC 27514 X EUGENE FLOOD JR DIRECTOR 1.0 0.0 X 0 0 0 KATRINA AVERY MD DIRECTOR 1.0 0.0 X 0 0 0 ROBERT E BARNHILL III DIRECTOR 1.0 0.0 X 0 0 0 LUCIUS BLANCHARD MD DIRECTOR 1.0 0.0 X 0 0 0 THOMAS EDWARD CAPPS DIRECTOR 1.0 0.0 X 0 0 0 JEAN CARTER MD DIRECTOR 1.0 0.0 X 0 0 0 H KELLY LANDIS III DIRECTOR 1.0 0.0 X 0 0 0 FREDERICK M DULA JR MD DIRECTOR 1.0 0.0 X 0 0 0 AMY EDGE DIRECTOR 1.0 0.0 X 0 0 0 PAUL FULTON DIRECTOR 1.0 0.0 X 0 0 0 AL HOBGOOD III VICE CHAIR, TREASURER 1.0 0.0 X X 0 0 0 KENNETH B LEE DIRECTOR 1.0 0.0 X 0 0 0 THEODORE C KERNER JR MD DIRECTOR 1.0 0.0 X 0 0 0 BRYAN MORRIS DIRECTOR 1.0 0.0 X 0 0 0 GEORGE D RENFRO DIRECTOR 1.0 0.0 X 0 0 0 CHARLOTTE BATTLE ROBBINS DIRECTOR 1.0 0.0 X 0 0 0 CECIL W SEWELL JR DIRECTOR 1.0 0.0 X 0 0 0 CHRISTOPHER B SMITH DIRECTOR 1.0 0.0 X 0 0 0 BILLIE JONES STALLINGS DIRECTOR 1.0 0.0 X 0 0 0 JOHN STRICKLAND SR DIRECTOR 1.0 0.0 X 0 0 0 RICHARD VINROOT JR MD DIRECTOR 1.0 0.0 X 0 0 0 EDWINA D WOODBURY Board Chairwoman 1.0 0.0 X X 0 0 0 BARBARA H CURTIS DIRECTOR 1.0 0.0 X 0 0 0 SCOTT M CUSTER DIRECTOR 1.0 0.0 X 0 0 0 D RUSSELL HARRIS DIRECTOR 1.0 0.0 X 0 0 0 WILLIAM L ROPER MD MPH DIRECTOR 1.0 0.0 X 0 0 0 RONALD A BATCHELOR DIRECTOR 1.0 0.0 X 0 0 0 MATTHEW G EWEND DIRECTOR 1.0 0.0 X 0 0 0 PETER B FOX DIRECTOR 1.0 0.0 X 0 0 0 JOHN A KIRKLAND JR DIRECTOR 1.0 0.0 X 0 0 0 BETTY WHICHARD VP FIN & ADMIN, ASST TREASURER 1.0 0.0 X 161046 0 32677 CAM ENARSON MD INTERIM PRESIDENT 1.0 0.0 X 8772 0 0 WILLIAM WHISENANT DIR. OF PRINCIPAL GIFTS 1.0 0.0 X 148982 0 25590 SANDRA WILSON SR. DIRECTOR OF DONOR SERVICES 1.0 0.0 X 165270 0 26749 484070 0 85016 3 false true true UNC Chapel Hill P O Box 309 CHAPEL HILL NC 27514 Development services 1145581 UNC Management Company 1400 Environ Way CHAPEL HILL NC 27517 INVESTMENT MGMT 616851 UNC Health CareHospital 101 Manning Drive CHAPEL HILL NC 27514 Healthcare Services 1205238 AMERGENT INC 9 CENTENNIAL DR PEABODY MA 01960 CONSULTANT 553444 4 198454 23887055 3121183 24085509 SPONSORSHIPS 900099 49625 49625 REGISTRATION FEES 271862 271862 321487 2469887 2469887 0 0 0 0 0 51075606 50006427 1069179 1069179 1069179 797138 198454 268006 529132 529132 0 0 0 0 0 0 MISC. REVENUE 900099 753535 753535 753535 29228729 1075022 4068198 18264924 18264924 3680039 3680039 0 0 123848 123848 0 508647 508647 89796 89796 44638 44638 42489 42489 0 0 0 0 0 616851 616851 299199 182383 116816 0 537359 37299 500060 65308 65308 0 0 58672 11123 47549 0 61218 25257 35961 0 0 34781 34781 170871 4539 166332 DEVELOPMENT ASSESSMENT FEE 1145581 1145581 DEVELOPMENT SUPPORT SERVICES 43799 43799 MISCELLANEOUS 370705 202411 168294 26158725 21944963 1989370 2224392 0 0 30826273 31622237 16846923 16318477 0 0 0 0 0 0 0 0 0 0 0 0 803982 552820 286470 251162 85753479 100716238 148422010 161859389 0 0 0 0 4280963 5740740 286416118 316508243 532119 531127 0 0 167932 356518 0 0 0 0 0 0 0 0 0 0 54489 51667 754540 939312 X 9560996 11456456 170944964 190183520 105155618 113928955 285661578 315568931 286416118 316508243 X 3070004 26579349 258000 X X false true X true false X 15708434 19500029 26741606 26055272 24085509 112090850 0 1730349 1969153 1638050 1646370 2055486 9039408 17438783 21469182 28379656 27701642 26140995 121130258 4470165 116660093 2534634 2421005 3034732 2391599 2469887 12851857 0 984788 1117509 896318 375679 753535 4127829 138109944 0.84469 0.83713 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 163665268 10177455 20404996 8698106 185549613 162625841 10144504 -3007659 6097418 163665268 145765133 11622769 11907254 6669315 162625841 130102429 6192848 13839633 4369777 145765133 118677664 2717745 13833091 348515 4777556 130102429 0.05120 0.57370 0.37510 false false 562178 339366 222812 241804 213454 28350 251162 INVESTMENTS-UNCIF 146571589 F PRIVATE EQUITIES 9112785 F GOVERNMENT SECURITIES 6175015 F 161859389 0 LIABILITIES UNDER CHARITABLE 51667 51667 X 58389570 26579349 2055486 526006 29160841 29228729 29228729 28482217 2055486 268006 2323492 26158725 26158725 Schedule D, Part V, Line 4 INTENDED USE OF ENDOWMENT FUNDS Endowment funds are used for medical education and research. Schedule D, Part X, Line 2 FIN 48 DISCLOSURE The foundation is exempt from federal income taxes under section 501(a) of the internal revenue code as an organization described in section 501(c)(3), except on income derived from unrelated business activities. At June 30, 2017 and 2016, the Foundation has not recorded any tax liabilities. The Foundation reviews its tax positions annually and has determined that there are no material uncertain tax positions that require recognition in the financial statement at June 30, 2017 and 2016. SCHEDULE D, PART XI, LINE 2D OTHER ADJUSTMENTS CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT AND LIFE INSURANCE 258,000 DIRECT EXPENSES - FUNDRAISING 268,006 ----------- TOTAL 526,006 SCHEDULE D, PART XII, LINE 2D OTHER ADJUSTMENTS DIRECT EXPENSES - FUNDRAISING 268,006 KATHERINE PETERSON MAIL SOLICITING false KRISPY K CHALNG 424525 424525 2231 1304 5687 6068 GALA 140423 140423 21200 2446 38598 10 430644 198454 232190 12423 16169 27434 75 134371 995592 198454 797138 14654 38673 33121 2521 179037 268006 529132 true UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL 209 SOUTH RD CHAPEL HILL NC 27599 566001393 501(C)(3) 18264924 N/A N/A SEE PART IV 1 SCHOLARSHIPS AND AWARDS 651 3680039 N/A N/A Schedule I, Part I, Line 2 MONITORING OF GRANTS IN THE US Management at the Medical Foundation and the University of North Carolina Medical School are in charge of approving and maintaining supporting documentation of grant requests and disbursements. Schedule I, Part II, Column H PURPOSE OF GRANT OR ASSISTANCE SUPPORT EDUCATIONAL AND RESEARCH EFFORTS OF THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL MEDICAL SCHOOL AND UNC HOSPITALS. false false false false false false false false false BETTY WHICHARD VP FIN & ADMIN, ASST TREASURER 161046 0 0 27097 5580 193723 0 WILLIAM WHISENANT DIR. OF PRINCIPAL GIFTS 148982 0 0 20010 5580 174572 0 SANDRA WILSON SR. DIRECTOR OF DONOR SERVICES 165270 0 0 21169 5580 192019 0 Schedule J, Part II UNRELATED ORGANIZATION COMPENSATION The organization employees receive compensation and benefits from the University of North Carolina at Chapel Hill, an unrelated organization per 990 instructions. Their compensation is determined in accordance with the pay and employee benefit practices of the North Carolina State Government. The Executive Committee and Interim Foundation President reviewed the compensation paid to each Foundation employee and determined that it is at or below the local market rate of other comparable non-profit organizations. The Foundation provided compensation information to the Executive committee to review for FY 2017. Comparative benchmarks were provided from the AAMC and University of NC that were compared to actual salaries paid. It was determined that the salaries were in line with the benchmarks. X 107 3121183 FMV false true true SCHEDULE M, LINE 32B THIRD PARTY UTILIZED THE FOUNDATION UTILIZES EXTERNAL BROKERS TO PROCESS AND SELL DONATED SECURITIES. FORM 990, PART VI, SECTION A, LINE 2 William L. Roper is Dean of the UNC-CH School of Medicine and Cam Enarson is the Interim Associate Dean of the UNC-CH School of Medicine and President of the Medical Foundation. Form 990, Part VI, Section B, Line 11 REVIEW OF FORM 990 The Foundation's Form 990 is posted to a secure portal on its website and available for review by all board members for approximately five business days before the return is filed with the IRS. The Foundation's Audit Committee reviews the Form 990 with the Foundation's outside auditors, and upon approval by the Audit Committee the final Form 990 is submitted for filing with the IRS. Form 990, Part VI, Section B, Line 12 CONFLICT OF INTEREST POLICY The Foundation has a written conflict of interest policy. All board members are requested to complete and sign a conflict of interest policy form on an annual basis. Compliance is monitored and the Foundation has policies and procedures in place to ensure board compliance with conflict of interest responses. Form 990, Part VI, Section B, Line 15 DETERMINING COMPENSATION Employees of the Medical Foundation are leased from the University of North Carolina at Chapel Hill. Their compensation is determined in accordance with the pay and employee benefit practices of the North Carolina State Government. The Executive Committee and Interim Foundation President reviewed the compensation paid to each Foundation employee and determined that it is at or below the local market rate of other comparable non-profit organizations. The Foundation provided compensation information to the Executive committee to review for FY 2017. Comparative benchmarks were provided from the AAMC and University of NC that were compared to actual salaries paid. It was determined that the salaries were in line with the benchmarks. Form 990, Part VI, Section C, Line 19 DISCLOSURE OF GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO PUBLIC It is not part of the Medical Foundation's written policies to make these documents available to the public. Form 990, Part VII, Section A Compensation Information Salaries, payroll taxes, and benefits for the Medical Foundation of North Carolina's employees are paid by the University of North Carolina at Chapel Hill. The Foundation reimburses the University for a portion of these personnel costs. The remainder of salaries, payroll taxes, and benefits are contributed services. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS AND LIFE INSURANCE 258,000 Form 990, Part XII, Line 2c COMMITTEE RESPONSIBLE FOR OVERSIGHT OF AUDIT The Audit Committee has oversight for the audit of the financial statements. GROVER C DALE MD MEDICAL RESEARCH TRUST 880 MARTIN LUTHER KING JR BLVD CHAPEL HILL NC 27514 311474626 RESEARCH NC 501(c)(3) 11 Med Fdn true GROVER C DALE MD SCHOLARSHIP TRUST 880 MARTIN LUTHER KING JR BLVD CHAPEL HILL NC 27514 311474625 SCHOLARSHIPS NC 501(c)(3) 11 Med Fdn true false false false false false false false false false false false false false false false false false false