2013-02-15T10:59:49-06:00 2012-06-30 KPMG LLP 300 North Greene Street Suite 400 Greensboro NC 27401 990 2011-07-01 566057494 THE MEDICAL FOUNDATION OF NORTH CAROLINA INC % BETTY M WHICHARD CPA MEDI 9199661201 880 MARTIN LUTHER KING JR BLVD CHAPEL HILL NC 27514 DAVID ANDERSON 2013-02-11 true 3362753394 2011 2016-03-07 17:11:31Z DAVID ANDERSON 880 MARTIN LUTHER KING BLVD CHAPEL HILL NC 27514 35388314 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 27 0 300 0 13998744 12851464 0 547674 9589076 6870462 662071 150956 24249891 20420556 20197742 15515510 0 0 2164275 2273398 0 0 2705457 2391050 2182794 24753067 19971702 -503176 448854 216230078 213418602 833032 690440 215397046 212728162 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 15515510 15510510 547674 The Foundation processed in excess of 17,000 gifts from over 17,000 donors during the course of the fiscal year. Foundation development staff completed over 1,600 phones calls and 1,800 personal visits to major gift donors during fiscal year 2012. These calls and visits were in addition to the numerous contacts completed during the cultivation and other events held on and off of the University of North Carolina at Chapel Hill campus. The Foundation publishes an annual report in order to keep donors and other constituents informed of its activities and successes. Additionally, the Medical Foundation publishes multiple issues of the Medical Bulletin each year to update constituents on research projects, advances in medicine and health care, and global projects that involve the UNC School of Medicine. These publications serve to inform our constituents and inspire their continued interest in supporting the Foundation and its mission. 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 Early Case Statement, which includes a review of annual fundraising results. The Medical Foundation manages over 1,400 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. 15515510 true true false false false false false false false true true true false false true true false true 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 89 0 true 0 false false false false false true true false false false false X 28 27 true false true false false false false true true false false true true false false true true false false false X BETTY M WHICHARD CPA 9199661201 880 MARTIN LUTHER KING BLVD CHAPEL HILL NC 27514 X ARTHUR W CLARK 1.0 X 0 0 0 STUART BONDURANT MD 1.0 X 0 0 0 JOHN W ALEXANDER 1.0 X X 0 0 0 LUCIUS BLANCHARD MD 1.0 X 0 0 0 THOMAS EDWARD CAPPS 1.0 X 0 0 0 GEORGE W COX 1.0 X X 0 0 0 FREDERICK M DULA JR MD 1.0 X 0 0 0 JOHN W C ENTWISTLE JR 1.0 X 0 0 0 JOHN W FOUST MD 1.0 X 0 0 0 MARY SUSAN FULGHUM MD 1.0 X 0 0 0 LISA HAZEN 1.0 X 0 0 0 AL HOBGOOD III 1.0 X 0 0 0 RICHARD T HOLDERNESS 1.0 X 0 0 0 JOAN C HUNTLEY PHD 1.0 X 0 0 0 PETER C JOHNSON MD 1.0 X 0 0 0 MYLA LAI-GOLDMAN MD 1.0 X 0 0 0 GARNETTE LEROY 1.0 X 0 0 0 HUGH A MCALLISTER JR MD 1.0 X 0 0 0 DARLYNE MENSCER MD 1.0 X 0 0 0 WILLIAM BROOKS MILLIS 1.0 X 0 0 0 GEORGE D RENFRO 1.0 X 0 0 0 ROBERT E SEVIER MD 1.0 X 0 0 0 EDWINA D WOODBURY 1.0 X 0 0 0 S AUSTIN YEARGAN III MD 1.0 X 0 0 0 LEWIS BARNHARDT 1.0 X 0 0 0 JAMES D HUNDLEY SR MD 1.0 X 0 0 0 CHARLOTTE BATTLE ROBBINS 1.0 X 0 0 0 CECIL W SEWELL JR 1.0 X 0 0 0 L Y SOO MD 1.0 X 0 0 0 ADELAIDE HOLDERNESS 1.0 X 0 0 0 WILLIAM L ROPER MD 1.0 X 0 0 0 DAVID B ANDERSON 40.0 X 236772 0 37398 PAULA SHACKLEFORD 40.0 X 121369 0 21498 BETTY WHICHARD 40.0 X 0 0 0 CRYSTAL HINSON MILLER 40.0 X 124718 0 20799 ANNE HAGER-BLUNK 40.0 X 124733 0 20651 GREGORY DUYCK 40.0 X 133410 0 20871 DEBORAH DIBBERT 40.0 X 146560 0 22407 887562 0 143624 6 false true true ALTSHULER GRAY 61 DEAN ROAD BROOKLINE MA 02445 CONSULTING 298001 UNC HEALTH CAREHOSPITAL 101 MANNING DRIVE CHAPEL HILL NC 27514 FACILITY UPGRADES 510460 COWPARADE GLOBAL LTD 12 NORTH MAIN ST 108 WEST HARTFORD CT 06107 SPONSORSHIP PAYMENT 125043 JOHN HANCOCK LIFE INSURANCE PO BOX 7247-0274 PHILADELPHIA PA 191700274 LIFE INSURANCE PREMS 150000 UNC MANAGEMENT COMPANY 1400 ENVIRON WAY CHAPEL HILL NC 27514 INVESTMENT MGMT 426238 6 641316 12210148 1606438 12851464 SPONSORSHIPS 900099 240406 240406 0 0 REGISTRATION FEES 900099 307268 307268 0 0 547674 2509271 0 0 2509271 0 0 19091181 56000 14741736 44254 4349445 11746 4361191 0 0 4361191 165984 641316 181768 -15784 0 -15784 0 0 MISC. REVENUE 900099 166740 0 0 166740 166740 20420556 547674 0 7021418 13973915 13973915 1541595 1541595 0 0 554504 0 158152 396352 0 1246128 0 501189 744939 174924 0 69717 105207 165468 0 65948 99520 132374 0 52758 79616 0 0 0 0 0 426238 0 426238 0 196071 0 196071 0 0 66210 0 27639 38571 0 0 95193 0 68885 26308 48901 0 10647 38254 0 29729 0 9311 20418 0 0 94176 0 94176 0 61489 0 433 61056 DEVELOPMENT ASSESSMENT FEE 886432 0 0 886432 MISCELLANEOUS 109423 0 57912 51511 DEVELOPMENT SUPPORT SERVICES 78919 0 656 78263 COMPUTER SERVICES 78921 0 3411 75510 11092 7592 3500 19971702 15515510 1750735 2705457 0 0 49734525 48950742 6132306 6815325 0 0 0 0 0 0 0 0 0 0 0 0 1008287 505868 605870 502419 31897350 30550491 123082014 122312437 0 0 0 0 4778013 4287188 216230078 213418602 752745 661175 0 0 0 0 0 0 0 0 0 0 0 0 0 0 80287 29265 833032 690440 X 10662038 7815535 130475516 129816551 74259492 75096076 215397046 212728162 216230078 213418602 X 448854 -3117738 X X false true true X false X 24851570 19582061 13646756 13998744 11266538 83345669 807782 1302376 1254727 1639868 1584926 6589679 25659352 20884437 14901483 15638612 12851464 89935348 8918832 81016516 14628762 4434813 1842716 2662512 2509271 26078074 917975 936034 1363938 902231 880398 5000576 121013998 0.66948 0.68510 X THE ORGANIZATION HAS RECEIVED A DETERMINATION LETTER FROM THE IRS STATING IT IS AN ORGANIZATION UNDER SECTION 170(B)(1)(A)(IV) HOWEVER, THE ORGANIZATION IS CURRENTLY OPERATING AS AN ORGANIZATION UNDER SECTION 170(B)(1)(A)(VI), THEREFORE BOX 7 IS CHECKED IN PART I THE ORGANIZATION IS IN THE PROCESS OF OBTAINING A REVISED DETERMINATION LETTER FROM THE IRS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 119646873 2214723 4623992 6293391 1514533 118677664 107577235 5923341 15122176 6104848 2871031 119646873 101999141 3282840 6240697 3945443 107577235 128655976 4318624 -25645813 4190670 1138976 101999141 0.05569 0.94431 false false 562178 262997 299181 418098 236963 181135 28011 5908 22103 502419 INVESTMENTS-UNCIF 115462015 F PRIVATE EQUITIES 6592462 F CERTIFICATES OF DEPOSIT 257960 F 122312437 0 LIABILITIES UNDER CHARITABLE REMAINDER TRUSTS 29265 29265 20420556 19971702 448854 -3392667 274929 -3117738 -2668884 19069512 -3392667 1584926 274929 -1532812 20602324 -181768 -181768 20420556 21738396 1584926 181768 1766694 19971702 19971702 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(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. AT JUNE 30, 2012 AND 2011, 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, 2012 AND 2011. OTHER ADJUSTMENTS SCHEDULE D, PART XI, LINE 8 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 274,929 OTHER ADJUSTMENTS SCHEDULE D, PART XII, LINE 2D CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 274,929 OTHER ADJUSTMENTS SCHEDULE D, PART XII, LINE 4B FUNDRAISING EXPENSE RECLASS 181,768 OTHER ADJUSTMENTS SCHEDULE D, PART XIII, LINE 2D FUNDRAISING EXPENSE RECLASS 181,768 LCCC FBAC 259085 198839 60246 0 0 1554 0 0 30053 LCCC F&I 160595 118498 42097 0 0 0 16581 1525 22394 4 387620 323979 63641 0 11740 20951 25702 4670 46598 807300 641316 165984 0 11740 22505 42283 6195 99045 181768 -15784 true UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL 209 SOUTH RD CHAPEL HILL NC 27599 566001393 501(C)(3) 13973915 0 N/A N/A SEE PART IV 1 0 SCHOLARSHIPS AND AWARDS 213 1541595 0 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 232059 0 0 0 4713 0 27755 0 9643 0 274170 0 0 0 GREGORY DUYCK 133410 0 0 0 0 0 15941 0 4930 0 154281 0 0 0 DEBORAH DIBBERT 146560 0 0 0 0 0 17477 0 4930 0 168967 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 96 1606438 FMV false false true THIRD PARTY UTILIZED SCHEDULE M, LINE 32b THE FOUNDATION UTILIZES EXTERNAL BROKERS TO PROCESS AND SELL DONATED SECURITIES. SIGNIFICANT CHANGES IN GOVERNING DOCUMENTS FORM 990, PART VI, SECTION A, LINE 4 1.The Board of Directors approved a change in the Foundation's governing documents which removed voting rights from two members, the President of the Medical Foundation of North Carolina, Inc. and the President of UNC Hospitals (UNC Health Care). These two positions remain Ex Officio members of the Foundation's Board of Directors. 2.The Board of Directors approved an increase in the number of consecutive terms each member may serve on the Board. Directors of the Foundation may now serve up to three, consecutive, three-year terms. The governing documents previously limited directors to two consecutive terms. 3.The Board of Directors approved committee charters for each standing committee to be incorporated in the governing documents of the Foundation. The committee charters include descriptions of the purposes and responsibilities, meeting expectations, and reporting and evaluation obligations of each committee. In some cases committee names were modified to be consistent with the responsibilities of the committees. REVIEW OF FORM 990 FORM 990, PART VI, SECTION B, LINE 11 The Foundation's Form 990 is posted to a secure portal on its website and available for review by all board members for approximately two weeks 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. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12 The Foundation is developing policies and procedures to have 100% Board compliance with conflict of interest responses. DETERMINING COMPENSATION FORM 990, PART VI, SECTION B, LINE 15 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 5 UNREALIZED LOSSES (3,392,667) CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 274,929 ----------- TOTAL (3,117,738) COMMITTEE RESPONSIBLE FOR OVERSIGHT OF AUDIT FORM 990, PART XII, LINE 2C The Audit Committee has oversight for the audit of the financial statements. FAMILY BUSINESS RELATIONSHIPS FORM 990, PART VI SECTION A, LINE 2 RICHARD T. HOLDERNESS AND ADELAIDE HOLDERNESS HAVE A FAMILY RELATIONSHIP. David B. Anderson is an Associate Dean of the UNC-CH School of Medicine and William L. Roper is Dean of the UNC-CH School of Medicine. MEDICAL GROUND TRANSPORT LLC 880 MARTIN LUTHER KING BLVD CHAPEL HILL NC 27514 TRANSPORT NC MEDICAL AIR UNC-CH CB 7165 145 N MEDICAL DRI CHAPEL HILL NC 27599 311603672 TRANSPORT NC 501(C)(3) 11 NA false GROVER C DALE MD MEDICAL RESEARCH TRUST 880 MARTIN LUTHER KING JR BLVD CHAPEL HILL NC 27514 311474626 RESEARCH NC 501(C)(3) 11 NA true GROVER C DALE MD SCHOLARSHIP TRUST 880 MARTIN LUTHER KING JR BLVD CHAPEL HILL NC 27514 311474625 SCHOLARSHIPS NC 501(C)(3) 11 NA true false false false false false false false false false false false false true false false true false false MEDICAL GROUND TRANSPORT LLC M 127565 FMV MEDICAL GROUND TRANSPORT LLC P 11676 CASH PRIMARY ACTIVITY DESCRIPTION FORM 990, SCHEDULE R, PART I & PART II, (1)(B) PART I (1)(B) MEDICAL GROUND TRANSPORT, LLC PROVIDES TRANSPORTATION FOR SUPPORTED ENTITIES. PART II (1)(B) MEDICAL AIR PROVIDES TRANSPORTATION FOR SUPPORTED ENTITIES.