2013-12-02T14:25:45-06:00 2013-06-30 KPMG LLP 300 North Greene Street Suite 400 Greensboro NC 27401 990 2012-07-01 566057494 THE MEDICAL FOUNDATION OF NORTH CAROLINA INC % BETTY M WHICHARD MEDI 9199661201 880 MARTIN LUTHER KING JR BLVD Suite CHAPEL HILL NC 27514 DEBBIE DIBBERT 9199661201 2013-11-13 true 3362753394 2012 2015-11-30 17:44:51Z DEBBIE DIBBERT 880 MARTIN LUTHER KING BLVD CHAPEL HILL NC 27514 38805411 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 12851464 15708434 547674 519691 6870462 14703179 150956 133344 20420556 31064648 15515510 16413282 0 0 2273398 1364369 0 0 1778708 2182794 2434037 19971702 20211688 448854 10852960 213418602 228522001 690440 353594 212728162 228168407 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 16413282 16413282 519691 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 2013. 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 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 1,800 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. 16413282 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 132 0 true 0 false false false false false true true false false false true false X 28 28 true false true 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 1.0 X X 0 LUCIUS BLANCHARD MD 1.0 X 0 THOMAS EDWARD CAPPS 1.0 X 0 GEORGE W COX 1.0 X X 0 FREDERICK M DULA JR MD 1.0 X 0 JOHN W C ENTWISTLE JR 1.0 X 0 JOHN W FOUST MD 1.0 X 0 JOAN C HUNTLEY PHD 1.0 X 0 PETER C JOHNSON MD 1.0 X 0 MYLA LAI-GOLDMAN MD 1.0 X 0 GARNETTE LEROY 1.0 X 0 DARLYNE MENSCER MD 1.0 X 0 WILLIAM BROOKS MILLIS 1.0 X 0 GEORGE D RENFRO 1.0 X 0 ROBERT E SEVIER MD 1.0 X 0 EDWINA D WOODBURY 1.0 X 0 S AUSTIN YEARGAN III MD 1.0 X 0 LEWIS BARNHARDT 1.0 X 0 JAMES D HUNDLEY SR MD 1.0 X 0 CHARLOTTE BATTLE ROBBINS 1.0 X 0 CECIL W SEWELL JR 1.0 X 0 LY SOO MD 1.0 X 0 Katrina Avery MD 1.0 X 0 Jean Carter MD 1.0 X 0 Bryan Morris 1.0 X 0 John Strickland Sr 1.0 X 0 Richard Vinroot MD 1.0 X 0 WILLIAM L ROPER MD 1.0 X DAVID B ANDERSON 40.0 0.0 X 241153 0 52290 BETTY WHICHARD 40.0 X 120556 23096 NICOLE BRANCATO 40.0 X 86264 16261 CRYSTAL HINSON MILLER 40.0 X 132906 22985 ANNE HAGER-BLUNK 40.0 X 141115 45314 GREGORY DUYCK 40.0 X 140608 22782 DEBORAH DIBBERT 40.0 X 147283 23456 PAULA SHACKLEFORD 40.0 X 112716 21126 1122601 0 227310 7 false true true ALTSHULER GRAY 61 DEAN ROAD BROOKLINE MA 02445 CONSULTING 131192 UNC HEALTH CAREHOSPITAL 101 MANNING DRIVE CHAPEL HILL NC 27514 FACILITY UPGRADES 333357 UNC MANAGEMENT COMPANY 1400 ENVIRON WAY CHAPEL HILL NC 27514 INVESTMENT MGMT 465082 3 617020 15091414 1320950 15708434 SPONSORSHIPS 900099 273465 273465 REGISTRATION FEES 900099 246226 246226 519691 2534634 2534634 0 0 0 0 0 19577555 7409010 12168545 12168545 12168545 355191 617020 331753 23438 23438 0 0 MISC. REVENUE 900099 109906 109906 109906 31064648 519691 14836523 15065242 15065242 1348040 1348040 0 0 310875 144200 166675 0 753332 661617 91715 111059 84094 26965 105057 79549 25508 84046 63639 20407 0 0 0 0 0 467086 467086 256439 256439 0 49628 22987 26641 100244 6231 94013 0 96672 64921 31751 36076 14011 22065 0 28160 13087 15073 0 0 85116 85116 188876 7890 180986 DEVELOPMENT ASSESSMENT FEE 972418 972418 DEVELOPMENT SUPPORT SERVICES 69519 69519 DUES & SUBSCRIPTIONS 20717 18792 1925 MISCELLANEOUS 63086 30039 33047 20211688 16413282 2019698 1778708 0 0 48950742 51528682 6815325 7177526 0 0 0 0 0 0 0 0 0 0 0 0 1004557 565458 502419 439099 30550491 33068609 122312437 131940142 0 0 0 0 4287188 4367943 213418602 228522001 661175 243650 0 0 0 77879 0 0 0 0 0 0 0 0 0 0 29265 32065 690440 353594 X 7815535 8328424 129816551 142145858 75096076 77694125 212728162 228168407 213418602 228522001 X 10852960 4522090 65195 X X false true X true false X 19582061 13646756 13998744 12851404 15708434 75787399 0 1302376 1254727 1639868 1584926 1730349 7512246 20884437 14901483 15638612 14436330 17438783 83299645 3847964 79451681 4434813 1842716 2662512 2509271 2534634 13983946 0 936034 1363938 902231 880398 984788 5067389 102350980 0.77627 0.66948 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 118677664 2717745 13833091 348515 4777556 130102429 119646873 2214723 4623992 6293391 1514533 118677664 107577235 5923341 15122176 6104848 2871031 119646873 101999141 3282840 6240697 3945443 107577235 128655976 4318624 -25645813 4190670 1138976 101999141 0.05468 0.94532 false false 562178 278492 283686 458919 303506 155413 439099 INVESTMENTS-UNCIF 124422428 F PRIVATE EQUITIES 7261096 F CERTIFICATES OF DEPOSIT 256618 F 131940142 0 LIABILITIES UNDER CHARITABLE 32065 32065 37714035 4522090 1730349 396948 6649387 31064648 31064648 22273790 1730349 331753 2062102 20211688 20211688 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, 2013 and 2012, 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, 2013 and 2012. OTHER ADJUSTMENTS SCHEDULE D, PART XI, LINE 2D CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 65,195 DIRECT EXPENSES - FUNDRAISING 331,753 TOTAL 396,948 OTHER ADJUSTMENTS SCHEDULE D, PART XII, LINE 2D DIRECT EXPENSES - FUNDRAISING 331,753 Cow Parade 253980 178530 75450 3849 4009 26953 138641 Fast Break 173575 13770 159805 1386 51 9433 7 544656 424720 119936 31150 10227 65054 2600 38400 972211 617020 355191 3849 31150 15622 92058 2600 186474 331753 23438 true UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL 209 SOUTH RD CHAPEL HILL NC 27599 566001393 501(C)(3) 15065242 0 N/A N/A SEE PART IV 1 0 SCHOLARSHIPS AND AWARDS 376 1348040 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 235684 0 0 0 5469 0 47207 0 5083 0 293443 0 0 0 CRYSTAL HINSON MILLER 132906 17902 5083 155891 ANNE HAGER-BLUNK 141115 40231 5083 186429 GREGORY DUYCK 140608 17699 5083 163390 DEBORAH DIBBERT 147283 18373 5083 170739 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 115 1320950 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 The Board set the number of non-ex officio members of the board at 27. 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 approximately 2 weeks 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 65,195 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 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 0 25581 NA 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 true false false false true false true MEDICAL GROUND TRANSPORT LLC M 127565 FMV MEDICAL GROUND TRANSPORT LLC Q 7119 CASH MEDICAL GROUND TRANSPORT LLC S 50000 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.