2014-12-04T09:18:22-06:00 2014-06-30 KPMG LLP 300 North Greene Street Suite 400 Greensboro NC 27401 990 2013-07-01 566057494 THE MEDICAL FOUNDATION OF NORTH CAROLINA INC % BETTY M WHICHARD MEDI 9199661201 880 MARTIN LUTHER KING JR BLVD Suite CHAPEL HILL NC 27514 ANN BRAUN PRESIDENT 9199661201 2014-10-31 true ALLISON H FRANKLIN P00448640 9199661201 2013 2015-11-30 17:44:51Z ANN BRAUN 880 MARTIN LUTHER KING BLVD CHAPEL HILL NC 27514 32923992 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. 28 28 0 300 0 15708434 19280588 519691 440087 14703179 9901413 133344 587045 31064648 30209133 16413282 16463563 0 0 1364369 887368 0 129671 1805110 2434037 2481148 20211688 19961750 10852960 10247383 228522001 256649235 353594 404760 228168407 256244475 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 16463563 16463563 440087 The Foundation processed in excess of 26,000 gifts from over 15,000 donors during the course of the fiscal year. Foundation development staff completed numerous phone calls and personal visits to major gift donors during fiscal year 2014. 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. The Foundation has an established recognition society that recognizes and cultivates donors who provide annual support of at least $2,000. Members of this society receive recognition in the annual report and on the Foundation's donor wall. Endowment donors receive annual financial reports on the performance of the endowments they established and the use of the annual distributions. The Medical Loyalty Fund produces an Annual Case Statement, which includes a review of annual fundraising results. 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. 16463563 true true false false false false false false false true true true false false true true false true false false false false false true 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 122 0 true 0 false false false false false true true false false false true false X 28 28 true false false false false false false true true false false true true true true true true false false false X BETTY M WHICHARD 9199661201 880 MARTIN LUTHER KING BLVD CHAPEL HILL NC 27514 X JOHN W ALEXANDER BOARD CHAIRMAN 1.0 X X KATRINA AVERY MD DIRECTOR 1.0 X LEWIS BARNHARD MD DIRECTOR 1.0 X LUCIUS BLANCHARD MD DIRECTOR 1.0 X THOMAS EDWARD CAPPS DIRECTOR 1.0 X JEAN CARTER MD DIRECTOR 1.0 X GEORGE W COX DIRECTOR 1.0 X FREDERICK M DULA JR MD DIRECTOR 1.0 X AMY EDGE DIRECTOR 1.0 X JOHN WC ENTWISTLE JR DIRECTOR 1.0 X AL HOBGOOD III TREASURER 1.0 X X JAMES D HUNDLEY SR MD DIRECTOR 1.0 X PETER C JOHNSON MD DIRECTOR 1.0 X THEODORE C KERNER JR MD DIRECTOR 1.0 X MYLA LAI-GOLDMAN MD DIRECTOR 1.0 X GARNETTE LEROY DIRECTOR 1.0 X WILLIAM BROOKS MILLIS DIRECTOR 1.0 X BRYAN MORRIS DIRECTOR 1.0 X GEORGE D RENFRO DIRECTOR 1.0 X CHARLOTTE BATTLE ROBBINS DIRECTOR 1.0 X WILLIAM L ROPER MD MPH DIRECTOR 1.0 X CECIL W SEWELL JR DIRECTOR 1.0 X CHRISTOPHER BLAKE SMITH DIRECTOR 1.0 X LU SOO MD DIRECTOR 1.0 X JOHN STRICKLAND SR DIRECTOR 1.0 X RICHARD VINROOT MD DIRECTOR 1.0 X EDWINA D WOODBURY VICE CHAIR/SECRETARY 1.0 X X S AUSTIN YEARGAN III MD DIRECTOR 1.0 X DEBORAH DIBBERT FORMER INTERIM PRESIDENT 40.0 X 191162 0 18325 BETTY WHICHARD VP FIN & ADMIN, ASST TREASURER 40.0 X 133058 0 26003 ANN BRAUN PRESIDENT 40.0 X 0 0 PAULA SHACKLEFORD ACCOUNTANT 40.0 X 106158 21281 WILLIAM WHISENANT DIR. OF PRINCIPAL GIFTS 40.0 X 132908 0 36899 CRYSTAL MILLER DIR. OF DEVELOPMENT 40.0 X 134730 15124 JON LANCASTER DIR. OF FINANCE 40.0 X 105388 20294 DAVID B ANDERSON FORMER PRESIDENT 40.0 X 148374 0 21481 951778 0 159407 7 true true true DAVID ANDERSON 2 MORGANS RIDGE LANE DURHAM NC 27707 CONSULTING 114000 UNC HEALTH CAREHOSPITAL 101 MANNING DRIVE CHAPEL HILL NC 27514 HEALTHCARE SERVICES 220137 UNC MANAGEMENT COMPANY 1400 ENVIRON WAY CHAPEL HILL NC 27514 INVESTMENT MGMT 488670 UNC CHAPEL HILL PO BOX 309 CHAPEL HILL NC 27514 DEVELOP. SERVICES 1011788 4 174617 19105971 2301415 19280588 SPONSORSHIPS 900099 399961 399961 REGISTRATION FEES 900099 40126 40126 440087 2421005 2421005 0 0 0 0 0 9885449 2405041 7480408 7480408 7480408 803102 174617 309818 493284 493284 0 0 MISC. REVENUE 900099 93761 93761 93761 30209133 440087 10488458 14552896 14552896 1910667 1910667 0 0 129021 129021 0 0 554252 413419 140833 75515 59950 15565 71433 56710 14723 57147 45368 11779 0 0 0 0 129671 129671 358999 358999 485128 321323 163805 0 78272 73760 4512 37989 37989 0 100596 58149 42447 16175 3387 12788 0 52907 25899 27008 0 0 53336 53336 170339 13225 157114 DEVELOPMENT ASSESSMENT FEE 1011789 1011789 DEVELOPMENT SUPPORT SERVICES 47825 13094 34731 DUES & SUBSCRIPTIONS 3921 3921 MISCELLANEOUS 63872 29448 34424 19961750 16463563 1693077 1805110 0 0 51528682 58332857 7177526 7924463 0 0 0 0 0 0 0 0 0 0 0 0 987600 606154 439099 381446 33068609 39120158 131940142 146692192 0 0 0 0 4367943 4198119 228522001 256649235 243650 367545 0 0 77879 1703 0 0 0 0 0 0 0 0 0 0 32065 35512 353594 404760 X 8328424 9813649 142145858 163592811 77694125 82838015 228168407 256244475 228522001 256649235 X 10247383 17260770 567915 X X false true X true false X 13646756 13998744 12851404 15708434 19500029 75705367 0 1254727 1639868 1584926 1730349 1969153 8179023 14901483 15638612 14436330 17438783 21469182 83884390 697055 83187335 1842716 2662512 2509271 2534634 2421005 11970138 0 1363938 902231 880398 984788 1117509 5248864 101103392 0.82280 0.77627 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 130102429 6192848 13839633 4369777 145765133 118677664 2717745 13833091 348515 4777556 130102429 119646873 2214723 4623992 6293391 1514533 118677664 107577235 5923341 15122176 6104848 2871031 119646873 101999141 3282840 6240697 3945443 107577235 0.05748 0.94252 false false 562178 294005 268173 425422 312149 113273 381446 INVESTMENTS-UNCIF 138443839 F PRIVATE EQUITIES 7991606 F CERTIFICATES OF DEPOSIT 256747 F 146692192 0 LIABILITIES UNDER CHARITABLE 35512 35512 X 50316789 17260770 1969153 877733 20107656 30209133 30209133 22240721 1969153 309818 2278971 19961750 19961750 INTENDED USE OF ENDOWMENT FUNDS - SCHEDULE D, PART V, LINE 4 Endowment funds are used for medical education and research. FIN 48 DISCLOSURE - SCHEDULE D, PART X, LINE 2 The foundation is exempt from federal income taxes under section 501(a) of the internal revenue code as an organization described in 501(c)(3), except on income derived from unrelated business activities. At June 30, 2014 and 2013, 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, 2014 and 2013. OTHER ADJUSTMENTS - SCHEDULE D, PART XI, LINE 2D CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 567,915 DIRECT EXPENSES - FUNDRAISING 309,818 TOTAL 877,733 OTHER ADJUSTMENTS - SCHEDULE D, PART XII, LINE 2D DIRECT EXPENSES - FUNDRAISING 309,818 X true GRIZZARD COMMUNICATIONS MAIL SOLICITING false 41592 79423 PRISCILLA BRATCHER TARGETED CAMPAIGN false 128182 50248 77934 169774 129671 77934 BLUE RIBBON 266280 0 266280 0 0 0 43370 0 27150 GALA EVENT 214352 0 214352 0 566 7835 21666 4000 12565 14 497087 174617 322470 3850 29177 45372 50546 3337 60384 977719 174617 803102 3850 29743 53207 115582 7337 100099 309818 493284 true UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL 209 SOUTH RD CHAPEL HILL NC 27599 566001393 501(C)(3) 14552896 N/A N/A SEE PART IV SCHOLARSHIPS AND AWARDS 431 1910667 N/A N/A MONITORING OF GRANTS IN THE US - SCHEDULE I, PART I, LINE 2 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. PURPOSE OF GRANT OR ASSISTANCE - SCHEDULE I, PART II, COLUMN H 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 DAVID B ANDERSON FORMER PRESIDENT 144807 0 0 0 3567 0 18885 0 2596 0 169855 0 0 0 DEBORAH DIBBERT FORMER INTERIM PRESIDENT 191162 0 0 0 0 0 13118 0 5207 0 209487 0 0 0 BETTY WHICHARD VP FIN & ADMIN, ASST TREASURER 133058 0 0 0 0 0 20796 0 5207 0 159061 0 0 0 WILLIAM WHISENANT DIR. OF PRINCIPAL GIFTS 132908 0 0 0 0 0 31692 0 5207 0 169807 0 0 0 UNRELATED ORGANIZATION COMPENSATION - SCHEDULE J, PART II THE ORGANIZATION EMPLOYEES RECEIVE COMPENSATION AND BENEFITS FROM THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL AN UNRELATED ORGANIZATION PER 990 INSTRUCTIONS. X 88 2301415 FMV false false true THIRD PARTY UTILIZED - SCHEDULE M, LINE 32B THE FOUNDATION UTILIZES EXTERNAL BROKERS TO PROCESS AND SELL DONATED SECURITIES. REVIEW OF FORM 990 - FORM 990, PART VI, SECTION B, LINE 11B The Foundation's Form 990 is posted to a secure portal on its website for review by all board members before the return is finalized and filed with the IRS. The Foundation's Audit Committee reviews the Form 990 with the Foundation's external accountants as part of its review and approval process. After the Audit Committee grants its approval the Form 990 is filed with the IRS. CONFLICT OF INTEREST POLICY - FORM 990, PART VI, SECTION B, LINE 12C The Foundation has a written conflict of interest policy. All board members are asked to complete and sign a conflict of interest policy form on an annual basis. Compliance is monitored and the Foundation is developing policies and procedures to ensure board compliance with conflict of interest responses. DETERMINING COMPENSATION - FORM 990, PART VI, SECTION B, LINE 15A & 15B 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 Foundation President has 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 plans to engage in a more formal review of the compensation levels for Foundation employees and the process whereby state pay levels are set. DISCLOSURE OF GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO PUBLIC FORM 990, PART VI, SECTION C, LINE 19 It is not part of the Medical Foundation's written policies to make these documents available to the public. COMPENSATION INFORMATION - FORM 990, PART VII, SECTION A 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. OTHER CHANGES IN NET ASSETS - FORM 990, PART XI, LINE 9 CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 567,915 COMMITTEE RESPONSIBLE FOR OVERSIGHT OF AUDIT - FORM 990, PART XII, LINE 2C The Audit Committee has oversight for the audit of the financial statements. BUSINESS RELATIONSHIPS - FORM 990, PART VI SECTION A, LINE 2 Ann Braun is an Associate Dean of the UNC-CH School of Medicine and is President of the Medical Foundation and William L. Roper is Dean of the UNC-CH School of Medicine. 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