2026-05-13T13:04:10-05:00 2025-06-30 135565207 KPMG LLP 500 W 5TH ST STE 800 WINSTONSALEM NC 27101 990 2024-07-01 591711424 THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL FOUNDATION INC UNIV 9199628511 300 SOUTH BUILDING CB1000 CHAPEL HILL NC 275991000 MICHAEL ANDREASEN VP, SECRETARY, & ED 9199628511 2026-05-13 1 0 ISAAC IRBY P02444754 3362753394 2024 2025-03-06 01:10:19Z MICHAEL ANDREASEN 300 SOUTH BUILDING CB CHAPEL HILL NC 27599 54636307 0 X N/A X 1977 NC SEE SCH O 16 14 0 14 8870 5358 17683475 16475486 0 0 2629711 548052 0 0 20313186 17023538 34259819 26602422 0 0 0 0 0 0 0 5821876 5892643 40081695 32495065 -19768509 -15471527 743649629 792540669 94383160 97172318 649266469 695368351 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. 0 0 26602422 26602422 GRANTS ARE TO OR FOR THE BENEFIT OF THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL. 26602422 1 1 0 0 0 1 0 1 0 1 1 1 0 1 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 16 14 1 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X NATHAN KNUFFMAN 9199627241 300 SOUTH BUILDING CB1000 CHAPEL HILL NC 27599 JOHN PREYER CHAIR, DIRECTOR & PRES. 1.00 0.00 X X 0 0 0 JOHN L TOWNSEND III DIRECTOR (THRU OCT. 2024) 1.00 0.00 X 0 0 0 LEE LESLEY DIRECTOR 1.00 0.00 X 0 0 0 DAVID BOLIEK DIRECTOR (THRU OCT 2024) 1.00 0.00 X 0 0 0 W O'BRIEN WHITE III DIRECTOR 1.00 0.00 X 0 0 0 NATHAN L KNUFFMAN DIR. & TREASURER 1.00 40.00 X X 0 433022 135688 ANNE BRENNAN DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL D KENNEDY DIRECTOR 1.00 0.00 X 0 0 0 EDWARD J FRITSCH DIRECTOR 1.00 0.00 X 0 0 0 G MUNROE COBEY DIRECTOR 1.00 0.00 X 0 0 0 DAVID CARROLL DIRECTOR 1.00 0.00 X 0 0 0 JAMES KEITH BROWN DIRECTOR 1.00 0.00 X 0 0 0 J SPENCER WHITMAN DIRECTOR 1.00 0.00 X 0 0 0 JENNIFER LLOYD DIRECTOR 1.00 0.00 X 0 0 0 NIGEL LONG DIRECTOR 1.00 0.00 X 0 0 0 LEE H ROBERTS DIRECTOR 1.00 40.00 X X 0 653620 102695 JAMES C BLAINE II DIRECTOR 1.00 0.00 X 0 0 0 TUCKER YORK DIRECTOR (BEG OCT 2024) 1.00 0.00 X 0 0 0 ELIZABETH AYERS ASSISTANT VP 1.00 40.00 X 0 214770 62261 JENNIFER BOWMAN ASST. SECRETARY 1.00 40.00 X 0 209628 52883 ROBERT BRUCE WARRINGTON ASSISTANT VP 1.00 40.00 X 0 156144 47665 CHANDRIKA RAO ASSISTANT VP 1.00 40.00 X 0 182782 55795 GORDON MERKLEIN ASSISTANT VP 1.00 40.00 X 0 349159 59704 CANDACE CLARK ASSISTANT VP 1.00 40.00 X 0 169843 32965 MICHAEL ANDREASEN VP, SECRETARY & EXEC. DIR. 1.00 40.00 X 0 593745 66452 CARLY PERIN ASSISTANT VP 1.00 40.00 X 0 264887 75992 MICHAEL BRINKMAN ASSISTANT VP (BEG. OCT 2024) 1.00 40.00 X 0 91927 40626 KEVIN M GUSKIEWICZ DIRECTOR (THRU JAN. 2024) 1.00 40.00 X 0 202200 33132 STEPHEN AGOSTINI ASSISTANT VP (THRU MAY 2024) 1.00 40.00 X 0 127859 19340 DAVID CHURCHILL ASSISTANT VP (THRU. MAY 2024) 1.00 40.00 X 0 169008 43270 0 3818594 828468 0 1 1 0 BRUNSWICK GROUP LLC 1114 AVENUE OF THE AMERICAS FL 24 NEW YORK NY 10036 CONSULTING SERVICES 503906 KASPICK & COMPANY LLC 203 REDWOOD SHORES PARKWAY STE 300 REDWOOD SHORE CA 94065 ANNUITY MANAGEMENT 341879 KPMG LLP 500 W 5TH STREET SUITE 800 WISNTONSALEM NC 27101 PROFESSIONAL SERVICES 133730 3 16475486 9043260 16475486 3337007 8870 3328137 34823814 37612769 -2788955 -2788955 -2788955 17023538 0 8870 539182 26602422 26602422 116706 116706 114625 114625 24400 24400 1933 1933 UNIVERSITY SUPPORT 5505535 5505535 MAINTENANCE AND OTHER 129444 129444 32495065 26602422 5892643 0 8862643 9103862 50655537 46132523 9398447 8123382 248860 249906 19500 1933 5000 17567 627301520 680471859 47177622 48441570 743649629 792540669 836543 1421628 93546617 95750690 94383160 97172318 X 79987487 82188967 569278982 613179384 649266469 695368351 743649629 792540669 X -15471527 61039452 533957 X 0 1 X 1 0 X 30073576 23546212 32516371 17683475 16475486 120295120 30073576 23546212 32516371 17683475 16475486 120295120 13801968 106493152 1947493 1638212 2304555 3137620 3328137 12356017 5026 40299 5358 50683 132701820 0.80250 0.78310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5 0 58177 1196362 1 1 721349 44236604 X X X X 0 570816233 16128092 63806038 25970870 5505535 619273958 521356399 18133234 61307104 24499159 5481346 570816233 544734793 20546676 -15643363 22679289 5602418 521356399 528171982 19885511 21608121 20764034 4166787 544734793 348997829 21272348 180507494 18848350 3757339 528171982 0.09100 0.90900 0 1 1 5000 5000 14500 1933 12567 17567 INVESTMENT FUND 640056231 F OTHER INVESTMENT SECURITIES 39057619 F REAL ESTATE 1358009 F 680471859 ARTWORK 44236604 CASH SURRENDER VALUE LIFE INS 4164697 OTHER ASSETS 40269 48441570 LIABILITIES UNDER SPLIT-INTEREST AGREEMENTS 65933153 DUE TO UNIVERSITY OF NORTH CAROLINA 6453039 DEFERRED INFLOW OF RESOURCES 18564498 GRANT DUE TO THE UNIVERSITY OF NORTH CAROLINA FOUNDATION, INC. 4800000 95750690 X PART III, LINE 4: THE COLLECTION OF THE ACKLAND ART MUSEUM INCLUDES APPROXIMATELY 6,000 WORKS OF ART DONATED TO THE FOUNDATION IN A VARIETY OF MEDIUMS. THESE PIECES OF ARTWORK AID, SUPPORT, AND PROMOTE TEACHING, RESEARCH, AND SERVICE IN THE ARTISTIC AND CREATIVE ENDEAVOR OF THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL. PART X, LINE 2: THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL 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 UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL FOUNDATION, INC. IS SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT); HOWEVER, THE EXPOSURE IS LIMITED TO UBIT DERIVED FROM PRIVATELY HELD INVESTMENT GIFTS. ANY ASSESSED UBIT IS PAID FROM THE PROCEEDS ARISING FROM THE SALE OF THESE GIFTS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 1655614 0 0 0 0 0 0 1655614 0 1655614 0 0 1 0 0 0 SCHEDULE F, PART I AND PART IV: THE FOUNDATION WAS GIFTED A PRIVATE EQUITY HOLDING IN A FOREIGN CORPORATION. THE PROCEEDS FROM THE GIFT ARE DIRECTED FOR THE BENEFIT OF THE UNC HEALTH FOUNDATION, INC. 1 THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL 104 AIRPORT DRIVE CB 1000 CHAPEL HILL NC 275991000 566001393 501(C)3 26102422 0 N/A N/A SUPPORT UNC'S MISSION CHAPEL HILL FDN REAL ESTATE HOLDINGS INC CAMERON AVE 300 BLDG CB 100 CHAPEL HILL NC 275991000 262858176 501(C)3 500000 0 N/A N/A SUPPORT UNC'S MISSION 2 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. 0 1 0 0 0 0 0 0 0 LEE H ROBERTS DIRECTOR 0 619620 0 25000 0 9000 0 86071 0 16624 0 756315 0 0 MICHAEL ANDREASEN VP, SECRETARY & EXEC. DIR. 0 467105 0 118300 0 8340 0 48470 0 17982 0 660197 0 0 NATHAN L KNUFFMAN DIR. & TREASURER 0 422664 0 0 0 10358 0 127003 0 8685 0 568710 0 0 GORDON MERKLEIN ASSISTANT VP 0 348319 0 0 0 840 0 48388 0 11316 0 408863 0 0 CARLY PERIN ASSISTANT VP 0 264047 0 0 0 840 0 65718 0 10274 0 340879 0 0 ELIZABETH AYERS ASSISTANT VP 0 207680 0 0 0 7090 0 53040 0 9221 0 277031 0 0 JENNIFER BOWMAN ASST. SECRETARY 0 200038 0 0 0 9590 0 31362 0 21521 0 262511 0 0 CHANDRIKA RAO ASSISTANT VP 0 182782 0 0 0 0 0 45600 0 10195 0 238577 0 0 KEVIN M GUSKIEWICZ DIRECTOR (THRU JAN. 2024) 0 117811 0 0 0 84389 0 30156 0 2976 0 235332 0 0 DAVID CHURCHILL ASSISTANT VP (THRU. MAY 2024) 0 139678 0 0 0 29330 0 40915 0 2355 0 212278 0 0 ROBERT BRUCE WARRINGTON ASSISTANT VP 0 155304 0 0 0 840 0 38588 0 9077 0 203809 0 0 CANDACE CLARK ASSISTANT VP 0 169843 0 0 0 0 0 24001 0 8964 0 202808 0 0 STEPHEN AGOSTINI ASSISTANT VP (THRU MAY 2024) 0 87340 0 0 0 40519 0 18241 0 1099 0 147199 0 0 PART I, LINE 3 COMPENSATION REVIEW THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL FOUNDATION, INC. DOES NOT HAVE EMPLOYEES. RELATED ORGANIZATION COMPENSATION IS PROVIDED BY THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL. PART I, LINE 4B SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN KEVIN GUSKIEWICZ AND NATHAN KNUFFMAN PARTICIPATED IN A 401(A)/415(M) RETIREMENT PLAN OF THE UNIVERSITY OF NORTH CAROLINA. CONTRIBUTIONS OF $2,206 AND $42,007, RESPECTIVELY, WERE MADE WITH RESPECT TO CALENDAR YEAR 2024 OF THE 401(A)/415(M) PLAN. X 15 721349 APPRAISAL X 44 6107911 FMV X 1 1464000 APPRAISAL X 1 750000 APPRAISAL 9 0 1 1 PART I, LINE 32B: 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 I, LINE 1 TO AID, SUPPORT, AND PROMOTE TEACHING, RESEARCH, AND SERVICE IN THE VARIOUS EDUCATIONAL, SCIENTIFIC, SCHOLARLY, PROFESSIONAL, ARTISTIC, AND CREATIVE ENDEAVORS OF UNC-CH. FORM 990, PART VI, SECTION A, LINE 1A PER THE BYLAWS OF THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL FOUNDATION, INC., WITH THE EXCEPTION OF THE CHIEF DEVELOPMENT OFFICER OF THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL, EACH MEMBER OF THE BOARD OF DIRECTORS SHALL BE ENTITLED TO ONE VOTE ON ALL MATTERS COMING BEFORE THE BOARD. FORM 990, PART VI, SECTION A, 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: LEE ROBERTS, KEVIN GUSKIEWICZ, MICHAEL ANDREASEN, NATHAN KNUFFMAN, JENNIFER BOWMAN, ELIZABETH AYERS, DAVID CHURCHILL, ROBERT WARRINGTON, GORDON MERKLEIN, STEPHEN AGOSTINI, CARLY PERIN, CHANDRIKA RAO, MICHAEL BRINKMAN, CANDACE CLARK, MALCOLM TURNER, JOHN PREYER, JENNIFER LLOYD, AND JAMES BLAINE II. FORM 990, PART VI, SECTION A, LINE 7A THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL FOUNDATION IS COMPOSED OF NINETEEN MEMBERS OF THE BOARD. NINE OF THE MEMBERS ARE EX OFFICIO DIRECTORS. THE REMAINING TEN MEMBERS ARE ELECTED DIRECTORS, WHO ARE ELECTED TO MEMBERSHIP ON THE BOARD OF DIRECTORS BY ACTION OF THE NINE EX OFFICIO DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B BOARD REVIEW OF FORM 990 FORM 990 WAS PREPARED BY INDEPENDENT CONTRACTORS. A DRAFT FORM 990 WAS DISTRIBUTED TO AND REVIEWED BY THE EXECUTIVE DIRECTOR. A DRAFT FORM 990 PUBLIC INSPECTION COPY WAS DISTRIBUTED TO AND REVIEWED BY LEGAL COUNSEL, AUDIT COMMITTEE, TREASURER, 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, SECTION B, 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, SECTION B, LINE 15 COMPENSATION REVIEW THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL FOUNDATION, INC. DOES NOT HAVE EMPLOYEES. RELATED ORGANIZATION COMPENSATION IS PROVIDED FOR SERVICES TO THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST SUBMITTED TO THE ASSISTANT SECRETARY OF THE FOUNDATION. FORM 990, PART XI, LINE 9: CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 533,957. UNC-CHAPEL HILL 104 AIRPORT DRIVE CB 1000 CHAPEL HILL NC 27599 566001393 EDUCATION NC 501(C)(3) LINE 2 N/A 0 UNC-CH FOUNDATION INVESTMENT FUND INC 104 AIRPORT DRIVE SUITE 3200 CHAPEL HILL NC 27599 561951586 INVESTMENTS NC 501(C)(3) LINE 7 UNC-CH FDN 1 UNC INVESTMENT FUND LLC 1400 ENVIRON WAY CHAPEL HILL NC 27517 208346934 INVESTMENTS NC 501(C)(3) LINE 7 CHIF 1 UNC MANAGEMENT COMPANY INC 1400 ENVIRON WAY CHAPEL HILL NC 27517 364516257 INVT. MGMT. NC 501(C)(3) LINE 12A, I N/A 0 THE KENAN-FLAGLER BUSINESS SCHOOL FDN CAMPUS BOX 3490 MCCOLL BLDG CHAPEL HILL NC 27599 560771850 FIN. 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