2017-05-10T16:44:56-05:00 2016-06-30 KPMG LLP 300 North Greene Street Suite 400 Greensboro NC 27401 990 2015-07-01 591711424 THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL FOUNDATION INC % MATT FAJACK UNIV 9199627241 104 AIRPORT DRIVE CB1270 CHAPEL HILL NC 275991270 DAVID ROUTH VP & SECRETARY 9199627007 2017-05-08 true ALLISON H FRANKLIN P00448640 3362753394 2015 2021-01-29 14:40:06Z DWIGHT STONE 104 AIRPORT DRIVE CB1270 CHAPEL HILL NC 27599 49462286 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 17 0 12401577 15142096 0 0 19726082 1678554 9526 -356128 32137185 16464522 16531397 14606354 0 0 0 0 0 0 0 2650167 3179111 19181564 17785465 12955621 -1320943 371589337 366599336 49282642 59785416 322306695 306813920 TO AID, SUPPORT, AND PROMOTE TEACHING, RESEARCH, AND SERVICE IN THE VARIOUS EDUCATIONAL, SCIENTIFIC, SCHOLARLY, PROFESSIONAL, ARTISTIC, AND CREATIVE ENDEAVORS OF THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL. false false 14606354 14606354 GRANTS ARE TO OR FOR THE BENEFIT OF THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL. 14606354 true true false false false false false false false true true true false true true true false true false false false false false false false false false true false true false false false false false false false false true true false false false true true false false false true 7 0 true 0 false false false false false true true false false false false X 16 14 true false false false false true false true true false false false true true true true true true true false X MATT FAJACK 9199627241 300 SOUTH BUILDING CB 1000 CHAPEL HILL NC 27599 Dwight Stone CHAIRMAN & PRESIDENT 1.0 0.0 X X 0 0 0 Carol Folt CHANCELLOR 1.0 40.0 X X 0 559404 49865 David Carroll DIRECTOR 1.0 0.0 X 0 0 0 Max C Chapman Jr DIRECTOR 1.0 0.0 X 0 0 0 Haywood Cochrane DIRECTOR 1.0 0.0 X 0 0 0 Ed 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 362156 51943 David Routh VICE PRESIDENT & SECRETARY 1.0 40.0 X 0 512966 54117 Elizabeth Ayers ASSISTANT VP 1.0 40.0 X 0 168163 40980 Cynthia Butler ASSISTANT VP 1.0 40.0 X 0 287221 50870 David Kass ASSISTANT VP 1.0 40.0 X 0 177777 39005 Jeff Kidd ASSISTANT VP 1.0 40.0 X 0 105878 30562 Gordon Merklein ASSISTANT VP 1.0 40.0 X 0 229526 46535 Brian Smith ASSISTANT VP 1.0 40.0 X 0 173156 38591 Meredith Weiss ASSISTANT VP 1.0 40.0 X 0 267770 50675 Carroll Scott ASSISTANT SECRETARY 1.0 40.0 X 0 73538 22376 Dennis Press FORMER ASSISTANT VP 0.0 0.0 X 0 121506 31005 0 3039061 506524 0 true true false HURON CONSULTING GROUP INC PO BOX 71223 CHICAGO IL 606941223 CONSULTING 2183845 DANIEL J EDELMAN INC 21992 NETWORK PLACE CHICAGO IL 606731219 PR CONSULTANT 326697 KASPICK COMPANY LLC 203 REDWOOD SHORES PARKWAY SUITE 30 REDWOOD SHORE CA 940656121 ANNUITY MANAGEMENT 301333 SCHELL BRAY PLLC PO BOX 21847 GREENSBORO NC 27420 LEGAL SERVICES 266968 PENNSYLVANIA AVENUE GROUP 1101 PENNSYLVANIA AVENUE SUITE 600 WASHINGTON DC 20004 LEGAL SERVICES 110000 5 15142096 1394806 15142096 0 3087969 3087969 0 0 0 0 0 31588349 32997764 -1409415 -1409415 -1409415 0 0 0 MISCELLANEOUS REVENUE 900099 -356128 -356128 -356128 16464522 -356128 1678554 14606354 14606354 0 0 0 0 0 0 0 0 0 0 305863 305863 64168 64168 0 0 0 0 0 0 0 0 0 0 0 0 53348 53348 0 0 0 UNIVERSITY SUPPORT 2755732 0 2755732 0 17785465 14606354 3179111 0 5313978 3914991 14949321 22465920 3451738 2987410 13964 80716 0 0 0 0 0 0 0 0 0 0 3245444 3245444 3245444 0 0 327471307 314419811 0 0 0 0 17143585 19485044 371589337 366599336 462260 320722 0 0 0 0 0 0 0 0 0 0 0 0 0 0 48820382 59464694 49282642 59785416 X 61839524 57002236 120178679 103297796 140288492 146513888 322306695 306813920 371589337 366599336 X -1320943 -7302853 -6868979 X false true X true false X 13384748 5174153 12168987 12401577 15142096 58271561 0 0 13384748 5174153 12168987 12401577 15142096 58271561 6916913 51354648 3533138 3497543 3088850 3088005 3087969 16295505 0 568235 158922 33145 9526 -356128 413700 74980766 0.68490 0.67520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 261572629 9484732 -7145869 13659229 2755732 247496531 248650204 4622940 23895834 13450403 2145946 261572629 218701576 8722024 36244001 12966223 2051174 248650204 200485521 7472584 25211842 12522852 1945519 218701576 201875365 6570905 5821110 12080971 1700888 200485521 0.13000 0.87000 0.00000 false true true 3245444 3245444 3245444 INVESTMENT FUND 281738346 F OTHER INVESTMENT SECURITIES 32675561 F REAL ESTATE 5904 F 314419811 ARTWORK 16220553 DUE FROM CHAPEL HILL FDN 1720250 CASH SURRENDER VALUE LIFE INS 1544241 19485044 0 LIABILITIES UNDER SPLIT-INTEREST 44880477 DUE TO UNIVERSITY OF NORTH CAROLINA 10684217 LINE OF CREDIT 3900000 59464694 X 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 2016 or 2015 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) 14606354 FMV N/A SUPPORT OF UNC'S MISSION 1 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 505132 0 0 0 7834 0 34053 0 20064 0 567083 0 0 Carol Folt CHANCELLOR 0 551860 0 0 0 7544 0 34053 0 15813 0 609270 0 0 Elizabeth Ayers ASSISTANT VP 0 168163 0 0 0 0 0 25801 0 15178 0 209142 0 0 Cynthia Butler ASSISTANT VP 0 281221 0 0 0 6000 0 34053 0 16818 0 338092 0 0 David Kass ASSISTANT VP 0 177777 0 0 0 0 0 23687 0 15318 0 216782 0 0 Gordon Merklein ASSISTANT VP 0 229526 0 0 0 0 0 30467 0 16068 0 276061 0 0 Brian Smith ASSISTANT VP 0 173156 0 0 0 0 0 23340 0 15251 0 211747 0 0 Meredith Weiss ASSISTANT VP 0 267770 0 0 0 0 0 34053 0 16623 0 318446 0 0 Dennis Press FORMER ASSISTANT VP 0 121506 0 0 0 0 0 19207 0 11798 0 152511 0 0 Matthew Fajack TREASURER 0 355221 0 0 0 6935 0 34053 0 17891 0 414100 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 17 553861 APPRAISAL X 18583 APPRAISAL X 24 553861 FMV X 1 268500 APPRAISAL 3 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, DENNIS PRESS, BRIAN SMITH, MEREDITH WEISS, CARROLL SCOTT, HAYWOOD COCHRANE, JULIA SPRUNT GRUMBLES, MATTHEW FAJACK, CYNTHIA BUTLER, AND DAVID KASS. NELSON SCHWAB AND MAX CHAPMAN, JR. HAVE A BUSINESS RELATIONSHIP. JOHN TOWNSEND AND MAX CHAPMAN, JR. HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, LINE 11B BOARD REVIEW OF FORM 990 FORM 990 WAS PREPARED BY INDEPENDENT CONTRACTORS. A DRAFT FORM 990 WAS DISTRIBUTED TO AND REVIEWED BY LEGAL COUNSEL, AUDIT COMMITTEE, TREASURER, EXECUTIVE DIRECTOR, AND THE CHAIRMAN/PRESIDENT OF THE BOARD. 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, 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 (187,089) CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT (6,681,890) ------------- (6,868,979) 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. NC 501(C)(3) 11 TYPE 1 NA false THE KENAN-FLAGLER BUSINESS SCHOOL FDN CAMPUS BOX 3490 MCCOLL BLDG CHAPEL HILL NC 27599 560771850 FIN. SUPPORT NC 501(C)(3) 7 NA false UNC LAW FOUNDATION INC CB 3380 VAN HECKE-WETTACH HALL CHAPEL HILL NC 27599 560934173 FIN. SUPPORT NC 501(C)(3) 5 NA false UNC-CH SCHOOL OF EDU FDN INC CB 3500 101 PEABODY HALL CHAPEL HILL NC 27599 581713621 SUPPORT NC 501(C)(3) 7 NA false CHAPEL HILL FDN REAL ESTATE HOLDINGS INC CAMERON AVE 300 BLDG CB 100 CHAPEL HILL NC 27599 262858176 REAL ESTATE NC 501(C)(3) 9 UNC-CH FDN true UNC INTERMEDIATE POOL LLC 1400 ENVIRON WAY CHAPEL HILL NC 27517 611713200 INVESTMENTS NC NA false true false false false false false false false false false false false false false false false false false UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL b 14606354 FMV