2015-11-16T11:15:00-06:00 2015-06-30 KPMG LLP 300 North Greene Street Suite 400 Greensboro NC 27401 990 2014-07-01 586033837 THE UNIVERSITY OF GEORGIA FOUNDATION % CYNTHIA COYLE UNIV 7065426677 394 SOUTH MILLEDGE AVE STE 100 ATHENS GA 30602 CYNTHIA COYLE Executive Director & CFO 7065426677 2015-11-13 true ALLISON H FRANKLIN P00448640 3362753394 2014 2016-02-25 16:41:14Z CYNTHIA COYLE 394 MILLEDGE AVENUE SUITE 100 ATHENS GA 30602 325711930 false X WWW.UGAFOUNDATION.ORG X 1937 GA TO SUPPORT THE UNIVERSITY OF GEORGIA 47 44 0 53 1837617 0 61801918 73213395 783995 1052393 41386057 46988784 6069633 5267053 110041603 126521625 35873114 53342862 0 0 19577 0 0 0 2496608 14724529 16000301 50617220 69343163 59424383 57178462 1016279551 1046965721 73047972 86220681 943231579 960745040 TO SUPPORT THE UNIVERSITY OF GEORGIA false false 65161252 53342862 3128143 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. 65161252 true true false false false false true true false true true true false false true true false true false true true false false false true false false true false true false false false false false false false false true false false false false true true true false false true 351 0 true 0 true true true CS false false false true true false false false false X 47 44 false false false false false false false true true false false true true true true true true true true false GA X X CYNTHIA COYLE 7065426677 394 MILLEDGE AVENUE SUITE 100 ATHENS GA 30602 John P Spalding Chair 8.0 0.0 X X 0 0 0 Kenneth G Jackson Vice-Chair 5.0 0.0 X X 0 0 0 Andrew Head Secretary 2.0 0.0 X X 0 0 0 William Douglas Treasurer 4.0 0.0 X X 0 0 0 Daniel P Amos Trustee 2.0 0.0 X 0 0 0 Kathryn L Ash Trustee 2.0 0.0 X 0 0 0 DAVID BATTLE Trustee 2.0 0.0 X 0 0 0 Gary Bridgeman Trustee 2.0 0.0 X 0 0 0 Terry S Brown 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 John H Crawford IV Trustee 4.0 0.0 X 0 0 0 Darren W DeVore Trustee 2.0 0.0 X 0 0 0 Michael H Godwin Trustee 0.5 0.0 X 0 0 0 Henry D Gregory Jr Trustee 1.0 0.0 X 0 0 0 C William Griffin Trustee 2.0 0.0 X 0 0 0 Samuel D Holmes Trustee 2.0 0.0 X 0 0 0 Gail J Hunnicutt Trustee 2.0 0.0 X 0 0 0 Sarah C Irby Trustee 1.0 0.0 X 0 0 0 Stephen Joiner Trustee 1.0 0.0 X 0 0 0 Steve C Jones Trustee 2.0 0.0 X 0 0 0 Timothy Keadle Ex-officio Trustee 1.0 0.0 X 0 0 0 Jefferson B A Knox Trustee 1.0 0.0 X 0 0 0 John O Knox Jr Trustee 2.5 0.0 X 0 0 0 Emily D Lawson Trustee 1.0 0.0 X 0 0 0 Russell C Lindner Trustee 2.0 0.0 X 0 0 0 Keith W Mason Trustee 2.0 0.0 X 0 0 0 James McCurry Trustee 1.0 0.0 X 0 0 0 Jere W Morehead Ex-officio Trustee 3.0 40.0 X 0 463842 139972 C Read Morton Jr Trustee 2.0 0.0 X 0 0 0 John S Neel Jr Trustee 0.5 0.0 X 0 0 0 Thomas H Paris III Trustee 3.0 0.0 X 0 0 0 Neal J Quirk Trustee 5.0 0.0 X 0 0 0 William N Searcy Trustee 1.5 0.0 X 0 0 0 Stanley W Shelton Trustee 2.0 0.0 X 0 0 0 Stephen W Smith Trustee 0.5 0.0 X 0 0 0 Robert H Stolz Trustee 3.0 0.0 X 0 0 0 Barry Storey Trustee 1.0 0.0 X 0 0 0 Mary Lou C Swift Trustee 2.0 0.0 X 0 0 0 Brenda A Thompson Trustee 1.0 0.0 X 0 0 0 Susan C Waltman Trustee 3.0 0.0 X 0 0 0 Charles S Williams Jr TRUSTEE 2.0 0.0 X 0 0 0 William Young Trustee 5.0 0.0 X 0 0 0 KELLY KERNER EX-OFFICIO TRUSTEE 3.0 40.0 X 0 181087 26126 JOHN MANGAN TRUSTEE 2.0 0.0 X 0 0 0 SUSAN SHERMAN TRUSTEE 0.5 0.0 X 0 0 0 DAVID SHIPLEY EX-OFFICIO TRUSTEE 0.5 40.0 X 0 277271 43436 CYNTHIA COYLE EXECUTIVE DIRECTOR & CFO 40.0 0.0 X 0 225357 37390 0 1147557 246924 0 false true false MCN BUILD LLC WIRE 1214 28TH STREET NW WASHINGTON DC 20007 CONTRACTING SERVICES 3851123 COOPER CARRY 191 PEACHTREE STREET NE ATLANTA GA 30303 ARCHITECTURAL SVCS 510620 PRIME BUCHHOLZ ASSOCIATES INC PO BOX 16011 LEWISTON ME 04243 INVESTING SERVICES 456414 BLACKBAUD PO BOX 930256 ATLANTA GA 31193 SOFTWARE DEVELOPMENT 320981 TRUMPS CATERING 2026 S MILLEDGE AVE STE B ATHENS GA 30605 CATERING SERVICES 276848 16 882687 5969793 66360915 10700305 73213395 RENTS FROM STUDY ABROAD 531110 800550 800550 INVESTMENT FEE FROM RELATED ORGANIZATIONS 525990 251843 251843 1052393 9187079 1837617 7349462 0 3224701 3224701 58005 33464 24541 0 24541 24541 235654328 786139 197707195 931567 37947133 -145428 37801705 37801705 510140 882687 518079 -7939 -7939 0 0 EVENT REGISTRATIONS 900099 560203 560203 LICENSE PLATE REVENUE 900099 583460 583460 OTHER 900099 882087 882087 2025750 126521625 3078143 1837617 48392470 53341194 53341194 0 1668 1668 0 0 0 0 0 0 0 0 135835 38227 97608 243574 25555 218019 0 0 689503 689503 584020 442195 63267 78558 777369 692011 30697 54661 1071691 785341 91955 194395 210595 210595 0 1168756 1037557 40972 90227 1237128 1145883 58440 32805 0 5202621 4503681 283182 415758 0 0 1025287 424361 600926 173295 125866 47429 TRANSFERS & DISTRIBUTIONS 1527665 1527665 PROFESSIONAL DUES/MEMBERSHIPS 269264 198100 28464 42700 MONETARY AWARDS 216232 216232 OTHER EXPENSES 1467466 655716 35767 775983 69343163 65161252 1685303 2496608 9912474 12169854 79238688 84390074 45696357 53324694 1330725 2046527 0 0 0 0 638101 179349 0 0 238110 211206 45031125 4521131 36003493 40509994 366147316 400707504 472517288 448817586 0 0 0 0 4556999 4608933 1016279551 1046965721 4388190 7979160 0 0 0 0 0 0 0 0 0 0 5589967 17730814 0 0 63069815 60510707 73047972 86220681 X 91032619 102055010 430372477 410425377 421826483 448264653 943231579 960745040 1016279551 1046965721 X 57178462 -38524414 -1140587 X false true X true false X 15382754 36456143 60835966 61801918 73213395 247690176 0 0 15382754 36456143 60835966 61801918 73213395 247690176 3798643 243891533 5336855 6465284 8902295 9092298 9187079 38983811 0 8287933 6379722 6042031 2937619 2025750 25673055 312347042 0.78083 0.72894 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 111.58 1 1 false 2317808 X X false 789347115 39206433 7371694 29157638 806767604 668945744 35115851 110322009 25036489 789347115 586470032 24633626 77031040 19188954 668945744 598438386 15964667 -9076686 18856335 586470032 450987974 10371493 90571298 12736828 539193937 0.09931 0.52123 0.37945 false false 21200359 21200359 18898986 2593983 16305003 4931780 1927148 3004632 40509994 2464238 F CASH & SHORT-TERM INVESTMENTS 1962288 F MARKETABLE ALTERNATIVES 296675400 F NON-MARKETABLE ALTERNATIVES 86385595 F SPLIT INTEREST INVESTMENTS 21651647 F COMMINGLED FIXED INCOME 35195906 F BENEFICIAL INT IN PERP TRUST 4482512 F 448817586 0 FUNDS HELD FOR OTHERS 47271921 OBLIGATIONS RELATED TO DEFERRED GIFTS 10307646 DERIVATIVE FINANCIAL INSTRUMENTS 2476363 OTHER DEFERRED REVENUE 454777 60510707 X 88286909 -38524414 867132 -37657282 125944191 577434 577434 126521625 70773448 2007719 2007719 68765729 577434 577434 69343163 PART II, LINE 9 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 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 2015 and 2014. PART XI, LINE 2D CHANGE IN VALUE OF ANNUITIES (399,177) CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 88,309 CHANGE IN FAIR VALUE OF DERIVATIVES (634,005) CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST (185,326) FUNDRAISING EXPENSES RECLASS 518,079 RENTAL EXPENSE RECLASS 33,464 INCOME FROM SUBSIDIARY 1,445,788 TOTAL 867,132 PART XII, LINE 2D EXPENSE FROM SUBSIDIARY 1,456,176 FUNDRAISING EXPENSE RECLASS 518,079 RENTAL EXPENSE RECLASS 33,464 TOTAL 2,007,719 true Central America and the Caribbean 1 36 Program Services SUPPORT ACADEMIC PRGMS 1456176 1 36 1 36 1456176 1456176 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 527157 262353 264804 238023 BALL 295814 221414 74400 113140 14 569856 398920 170936 4247 162669 1392827 882687 510140 4247 513832 518079 -7939 false THE UNIVERSITY OF GEORGIA BROAD STREET ATHENS GA 30602 586001998 GOV'T 31826192 N/A N/A SCHOLARSHIPS & OTHER SUPPORT NATIONAL MERIT SCHOLARSHIP PO BOX 99389 CHICAGO IL 60693 362307745 501(C)(3) 91000 N/A N/A SCHOLARSHIPS UGA ATHLETIC ASSOCIATION 1 SELIG CIRCLE BUTTS MEHRE BUILDIN ATHENS GA 30602 580652581 501(C)(3) 3531152 N/A N/A SCHOLARSHIPS & CONSTRUCTION UGA REAL ESTATE FOUNDATION 1280 SOUTH LUMPKIN STREET ATHENS GA 30602 582491922 501(C)(3) 17885630 N/A N/A CONSTRUCTION PROJECTS Georgia 4-H Foundation Hoke Smith Annex ATHENS GA 30602 580832988 501(C)(3) 7220 N/A N/A GENERAL SUPPORT 5 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 W Morehead Ex-officio Trustee 0 440842 0 0 0 23000 0 131528 0 8444 0 603814 0 0 KELLY KERNER EX-OFFICIO TRUSTEE 0 176757 0 0 0 4330 0 16326 0 9800 0 207213 0 0 DAVID SHIPLEY EX-OFFICIO TRUSTEE 0 276776 0 0 0 495 0 24024 0 19412 0 320707 0 0 CYNTHIA COYLE EXECUTIVE DIRECTOR & CFO 0 225189 0 0 0 168 0 29201 0 8189 0 262747 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 $100,000 FROM A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN, PAID BY THE UNIVERSITY OF GEORGIA, A RELATED ORGANIZATION. X 181 9145305 FMV X 3 565000 APPRAISAL X HORSES 9 990000 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 (399,177) CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 88,309 CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST (185,326) CHANGE IN FMV OF DERIVATIVE FINANCIAL INSTRUMENT (634,005) NET INCOME OF SUBSIDIARY (10,388) TOTAL (1,140,587) 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) 11e UGA RESEARCH false THE UNIVERSITY SYSTEM OF GEORGIA FDN 270 WASHINGTON STREET ATLANTA GA 30334 586333106 SUPPORT GA 501(C)(3) 5 NA false Georgia 4-H Foundation Hoke Smith Annex ATHENS GA 30602 580832988 SUPPORT UGA GA 501(C)(3) 5 UGA false UGA ECOLODGE AND RESEARCH STATION SA SANTA ELENA DE MONTEVERDE PUNTARENAS COSTA RICA CS SEE PART VII CS UGA FOUNDATION C CORP -10389 2792771 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 31826192 CASH UGA ATHLETIC ASSOCIATION B 3531152 CASH UGA REAL ESTATE FOUNDATION B 17885630 CASH GEORGIA 4-H FOUNDATION B 7220 CASH UNIVERSITY OF GEORGIA J 800550 RENT REVENUE UGA ATHLETIC ASSOCIATION C 5219793 CASH UGA ATHLETIC ASSOCIATION R 1962519 CASH & PROPERTY UGA RESEARCH FOUNDATION C 750000 CASH UGA ECOLODGE SAN LUIS & RESEARCH STATION B 1668 CASH USG FOUNDATION R 4750 CASH UNIVERSITY OF GEORGIA R 1347762 CASH PART IV, LINE 1 MANAGE COSTA RICA STUDY ABROAD PROGRAM & SUPPORT RESEARCH.