2023-10-26T14:07:39-05:00 2023-06-30 540618213 HANTZMON WIEBEL LLP PO BOX 1408 CHARLOTTESVILLE VA 22902 990 2022-07-01 412097394 UNIVERSITY OF VIRGINIA HEALTH FOUNDATION UNIV 4349248432 P O BOX 800773 CHARLOTTESVILLE VA 229080773 AMY S KARR EXECUTIVE DIRECTOR 4349245905 2023-10-24 1 AMY KARR XXX-XX-XXXX 1 MONTE J GLANZER P01301538 4342962156 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z AMY S KARR P O BOX 800773 CHARLOTTESVILLE VA 229080773 13549194 0 X HTTP://UVAHEALTHFOUNDATION.ORG X 2003 VA THE UNIVERSITY OF VIRGINIA HEALTH FOUNDATION SEEKS TO BENEFIT AND SUPPORT THE STUDY AND TEACHING OF MEDICINE AND NURSING AT THE UNIVERSITY OF VIRGINIA. THE FOUNDATION FURTHER SEEKS TO SUPPORT THE UNIVERSITY OF VIRGINIA HEALTH SYSTEM BY FUNDING RESEARCH AND IMPROVEMENTS TO PATIENT CARE WHILE ENHANCING THE CREATION AND DISSEMINATION OF KNOWLEDGE ABOUT THE HEALTH SYSTEM. 17 17 0 428 0 0 9538066 12594367 0 0 22231 605450 0 0 9560297 13199817 11685479 8381599 0 0 0 0 0 0 30659 131847 139029 11817326 8520628 -2257029 4679189 89840390 95109192 435244 166195 89405146 94942997 X THE UNIVERSITY OF VIRGINIA HEALTH FOUNDATION SEEKS TO BENEFIT AND SUPPORT THE STUDY AND TEACHING OF MEDICINE AND NURSING AT THE UNIVERSITY OF VIRGINIA. THE FOUNDATION FURTHER SEEKS TO SUPPORT THE UNIVERSITY OF VIRGINIA HEALTH SYSTEM BY FUNDING RESEARCH AND IMPROVEMENTS TO PATIENT CARE WHILE ENHANCING THE CREATION AND DISSEMINATION OF KNOWLEDGE ABOUT THE HEALTH SYSTEM. 0 0 8381616 8381599 SUPPORTING RESEARCH, EDUCATION AND PATIENT CARE AT THE UNIVERSITY OF VIRGINIA HEALTH SYSTEM. PRIORITIES INCLUDE FUNDRAISING FOR CANCER, CHILDREN'S HEALTH, NEUROSCIENCES, DIABETES, HEART AND THE SCHOOLS OF NURSING AND MEDICINE. 8381616 1 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA CO IL KS KY ME MD MA MI MN NH NJ NY OH OR DC SC UT WA X UNIVERSITY OF VIRGINIA FOUNDATION 4349824848 ONE BOARS HEAD POINTE CHARLOTTESVILLE VA 22903 SHERI KLEIN CHAIR 2.00 X X 0 0 0 BRET HOLDEN TRUSTEE 1.00 X 0 0 0 ROSEMARY POSTLE TRUSTEE 1.00 X 0 0 0 AMANDA MCCORRY TRUSTEE 1.00 X 0 0 0 JERRY PENG TRUSTEE 1.00 X 0 0 0 DAVID LANDIN TRUSTEE 1.00 X 0 0 0 MARK M LUELLEN EX-OFFICIO 1.00 X 0 0 0 MELINA KIBBE EX-OFFICIO 1.00 X 0 0 0 LD BRITT MD MPH EX-OFFICIO 1.00 X 0 0 0 PAMELA EDMONDS TRUSTEE 1.00 X 0 0 0 ELIZABETH CARR TRUSTEE 1.00 X 0 0 0 ALDEN ENGLISH TRUSTEE 1.00 X 0 0 0 RICHARD MAYO TRUSTEE 1.00 X 0 0 0 MARIANNA BAERNHOLDT EX-OFFICIO 1.00 X 0 0 0 CRAIG KENT EX-OFFICIO 1.00 X 0 0 0 DENISE SHERER TRUSTEE 1.00 X 0 0 0 WENDY HORTON EX-OFFICIO 1.00 X 0 0 0 AMY S KARR EXECUTIVE DIRECTOR 8.00 X 54909 0 16125 54909 0 16125 0 0 0 1 0 12594367 152441 12594367 612693 612693 342134 349377 -7243 -7243 -7243 13199817 0 0 605450 8381599 8381599 57000 57000 31440 17 31423 13367 13367 11794 11794 8111 8111 DUES AND SUBSCRIPTIONS 10334 10334 REGISTRATION FEES 6983 25 6958 8520628 8381616 108353 30659 5710150 8568076 15403171 15213243 18988329 20508352 47643818 48729555 2094922 2089966 89840390 95109192 10936 2430 396000 132000 28308 31765 435244 166195 X 507105 721135 88898041 94221862 89405146 94942997 89840390 95109192 X 4679189 847442 11220 X X 0 1 X 1 0 X 10463588 6733766 6586671 9538066 12594367 45916458 271022 208785 256294 311204 326151 1373456 10734610 6942551 6842965 9849270 12920518 47289914 9308966 37980948 232314 181172 6154 25100 612693 1057433 5428 93 5521 48352868 0.78550 0.62390 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 5,428. 2020 AMOUNT: $ 93. SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: GIFT AGREEMENT TO SUPPORT THE SCHOOL OF NURSING DATE: 12/16/19 AMOUNT: 20000000. UNUSUAL GRANT EXPLANATION SCHEDULE A - UNUSUAL GRANT FOOTNOTE IN DECEMBER 2019, THE FOUNDATION RECEIVED A $20 MILLION PLEDGE RECEIVABLE. THIS PLEDGE IS EXPECTED TO BE PAID IN CASH OVER A PERIOD OF 10 YEARS. THE FOUNDATION DEEMS THIS PLEDGE TO BE AN UNUSUAL GRANT BASED ON THE FOLLOWING FOUR FACTORS: -THE PLEDGE IS A SUBSTANTIAL CONTRIBUTION FROM A DISINTERESTED PARTY. -THE DONOR WAS ATTRACTED TO THE FOUNDATION BY REASON OF ITS PUBLICLY-SUPPORTED MISSION TO SUPPORT RESEARCH, EDUCATION AND PATIENT CARE AT THE UNIVERSITY OF VIRGINIA HEALTH SYSTEM. THE FOUNDATION'S PRIORITIES INCLUDE FUND-RAISING FOR CANCER, CHILDREN'S HEALTH, NEUROSCIENCES, DIABETES, HEART AND THE SCHOOLS OF NURSING AND MEDICINE. -THE PLEDGE IS EXTREMELY UNUSUAL WITH RESPECT TO AMOUNT. -BY REASON OF ITS AMOUNT, THE PLEDGE COULD IMPACT THE FOUNDATION'S FUTURE ABILITY TO MEET THE PUBLIC SUPPORT TEST IN SCHEDULE A, PART II. THE DONOR WAS NOT INVOLVED WITH CREATING THE FOUNDATION. THE DONOR HAS NO INFLUENCE OVER THE INDEPENDENT BOARD OF DIRECTORS, WHICH IS MADE UP OF 20 DIVERSE INDIVIDUALS WHO BRING UNIQUE KNOWLEDGE AND INSIGHTS TO THE FOUNDATION. THE DONOR HAS ALSO NEVER BEEN A MEMBER OF THE FOUNDATION'S BOARD OF DIRECTORS. SINCE ITS FORMATION, THE FOUNDATION HAS HAD AN ACTIVE AND SUCCESSFUL FUND-RAISING PROGRAM. FUND-RAISING HAS BEEN SUPPORTED BOTH BY A FULL-TIME DEVELOPMENT TEAM AT THE UNIVERSITY OF VIRGINIA HEALTH SYSTEM DEVELOPMENT OFFICE AND THE LARGE, REPRESENTATIVE, AND INDEPENDENT BOARD OF DIRECTORS. OVER THE PAST FIVE YEARS, THE FOUNDATION HAS AVERAGED ANNUAL CONTRIBUTIONS OF APPROXIMATELY $10 MILLION FROM THOUSANDS OF DONORS. THERE IS A REASONABLE EXPECTATION THAT THE FOUNDATION WILL CONTINUE TO ATTRACT SUBSTANTIAL PUBLIC SUPPORT IN THE FUTURE. THE FOUNDATION HAS ALWAYS PASSED THE PUBLIC SUPPORT TEST BY A SIGNIFICANT MARGIN. FOR EXAMPLE, THE PUBLIC SUPPORT PERCENTAGE FROM THE 2018 SCHEDULE A, PART II, LINE 14 WAS 69.97%. HOWEVER, IF THIS PLEDGE WERE TO BE INCLUDED IN THE CURRENT YEAR PUBLIC SUPPORT TEST CALCULATION, THE FOUNDATION'S ABILITY TO MEET THE PUBLIC SUPPORT TEST COULD BE IMPACTED IN SUBSEQUENT YEARS. THERE ARE NO MATERIAL RESTRICTIONS IMPOSED IN CONNECTION WITH THIS PLEDGE. THIS PLEDGE DOES NOT PLACE LIMITS ON THE ABILITY OF EITHER THE BOARD OF DIRECTORS OR MANAGEMENT TO ADMINISTER THE ASSETS IN A MANNER THAT WOULD BE INCONSISTENT WITH THE FOUNDATION'S EXEMPT PURPOSE. THE FOUNDATION'S EXEMPT PURPOSE IS TO SUPPORT RESEARCH, EDUCATION AND PATIENT CARE AT THE UNIVERSITY OF VIRGINIA HEALTH SYSTEM. THE FOUNDATION'S PRIORITIES INCLUDE FUND-RAISING FOR CANCER, CHILDREN'S HEALTH, NEUROSCIENCES, DIABETES, HEART AND THE SCHOOLS OF NURSING AND MEDICINE. IN FUTURE YEARS, PAYMENTS ON THIS PLEDGE RECEIVABLE WILL HELP FUND NURSING SCHOLARSHIPS AND PROFESSORSHIPS, AS WELL AS TO SUPPORT THE OPERATIONS AND PROGRAMS OF THE SCHOOL OF NURSING. THIS PLEDGE IS NOT INTENDED TO UNDERWRITE OPERATING EXPENSES OF THE FOUNDATION. THE FOUNDATION HAS NEVER RELIED ON UNUSUAL GRANTS TO SUPPORT OPERATIONS. THE FOUNDATION HAS BEEN SUCCESSFUL IN FUND-RAISING BOTH FOR ITS PROGRAMMATIC AND OPERATIONAL NEEDS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47643818 2290106 847442 2051811 48729555 48985309 3094316 -2523465 1912342 47643818 32104711 2633448 15906794 1659644 48985309 29404031 2567219 1663637 1467129 63047 32104711 23575376 5936477 1710342 1759207 58957 29404031 0.72850 0.27150 1 0 0 ENDOWMENT FUNDS 48729555 F 48729555 DEPOSIT LIABILITIES 31765 31765 X 14384630 847442 326151 11220 1184813 13199817 0 13199817 8846779 326151 326151 8520628 0 8520628 PART V, LINE 4: AMOUNTS INVESTED IN THE ENDOWMENT FUND ARE TO BE USED BASED ON THE DONORS' RESTRICTION TO FUND SUPPORT FOR NURSING AND MEDICAL EDUCATION, PATIENT CARE, AND RESEARCH. PART X, LINE 2: THE FOUNDATION HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH GUIDANCE ESTABLISHED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE FOUNDATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST IN CHARITABLE GIFT ANNUITIES CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 0 UNIVERSITY OF VIRGINIA MADISON HALL CHARLOTTESVILLE VA 22904 546001796 501(C)(3) 8381599 0 SUPPORT RESEARCH, EDUCATION, PATIENT CARE AND BUILDING AND FACILITIES DEVELOPMENT 1 1 0 0 0 0 0 0 0 0 0 AMY S KARR EXECUTIVE DIRECTOR 54909 0 0 0 0 0 7095 0 9030 0 71034 0 0 0 FORM 990, PART VII, LINE 5 AND SCHEDULE J, PART II: AMY KARR IS EXECUTIVE DIRECTOR OF THE FOUNDATION. AMY RECEIVES COMPENSATION FROM THE UNIVERSITY OF VIRGINA, AN UNRELATED ORGANIZATION. THE COMPENSATION REPORTED ON FORM 990, PART VII AND SCHEDULE J, PART II REPRESENTS AN ESTIMATE OF HER TIME AND EFFORTS RELATED TO FOUNDATION AFFAIRS AND DOES NOT REPRESENT ADDITIONAL COMPENSATION ABOVE WHAT IS RECEIVED FROM UVA. ADDITIONALLY, THE COMPENSATION REPORTED ON FORM 990 AND SCHEDULE J IS INCLUDED IN THE TOTAL OF CONTRIBUTED SERVICE AMOUNT REPORTED ON SCHEDULE D, PART XI, LINE 2B AND PART XII, LINE 2A. X 10 152441 QUOTED MARKET VALUES 0 0 1 1 PART I, COLUMN (B): THE FOUNDATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. EACH CONTRIBUTION COULD INCLUDE MULTIPLE SHARES OF STOCK. PART I, LINE 32B: THE FOUNDATION USES UNIVERSITY ADVANCEMENT SERVICES AND A SECURITIES BROKER TO PROCESS AND SELL DONATED SECURITIES. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT REPORT WAS PRESENTED TO THE BOARD ON OCTOBER 20, 2023. THE FORM 990, INCLUDING ALL RELATED SCHEDULES, WAS DISTRIBUTED ELECTRONICALLY TO THE BOARD OF TRUSTEES AND APPROVAL WAS RECEIVED UNANIMOUSLY PRIOR TO THE FILING OF THIS RETURN. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF THE BOARD OF TRUSTEES IS REQUIRED TO REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY EVERY YEAR. FORM 990, PART VI, SECTION C, LINE 18 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S FORM 1023 AND FORM 990 ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST IN CHARITABLE GIFT ANNUITIES 2,000. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 9,220. FORM 990, PART XII, LINE 2C: OVERSIGHT PROCESS: NO CHANGES WERE MADE TO THE OVERSIGHT PROCESS DURING THE FISCAL YEAR. SCHEDULE D PARTS XII, LINE 2B AND XIII, LINE 2A DETAILS OF CONTRIBUTED SERVICES: THE FOUNDATION RECEIVES CONTRIBUTED SERVICES FROM THE UNIVERSITY OF VIRGINIA HEALTH SYSTEM IN THE FORM OF STAFF TIME AND FACILITIES. THE AMOUNT OF THE CONTRIBUTED SERVICES IS BASED ON THE PERCENTAGE OF TIME AND THE FACILITIES ATTRIBUTABLE TO THE FOUNDATION'S OPERATIONS. THE CONTRIBUTED SERVICES OF $326,151 ARE CLASSIFIED AS ALL MANAGEMENT AND GENERAL FOR THE YEAR ENDED JUNE, 30, 2023.