2024-05-15T15:51:43-05:00 2023-06-30 135565207 KPMG LLP 500 W 5TH ST STE 800 WINSTONSALEM NC 27101 990 2022-07-01 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 2024-05-15 1 MICHAEL ANDREASEN 999009999 0 SHAWN HUTCHINSON P01048557 3362753394 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X MICHAEL ANDREASEN 300 SOUTH BUILDING CB CHAPEL HILL NC 27599 83357581 0 X N/A X 1977 NC SEE SCHEDULE O 17 15 0 16 9211 5026 23546212 32516371 0 0 -812513 6888104 0 0 22733699 39404475 21319636 34843617 0 0 0 0 0 0 0 4584301 6079789 25903937 40923406 -3170238 -1518931 706594306 687424676 91280895 80228636 615313411 607196040 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 34843617 34843617 GRANTS ARE TO OR FOR THE BENEFIT OF THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL. 34843617 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 1 10 0 0 0 0 0 X 17 15 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 DAVID BOLIEK CHAIR, DIRECTOR & PRES. 1.00 X X 0 0 0 JOHN TOWNSEND DIRECTOR 1.00 X 0 0 0 LEE LESLEY DIRECTOR 1.00 X 0 0 0 JOHN PREYER DIRECTOR 1.00 X 0 0 0 BRIEN WHITE DIRECTOR 1.00 X 0 0 0 NATHAN KNUFFMAN DIR. & TREASURER 1.00 40.00 X X 0 407264 83009 ANNE BRENNAN DIRECTOR 1.00 X 0 0 0 MICHAEL KENNEDY DIRECTOR 1.00 X 0 0 0 KEVIN GUSKIEWICZ DIRECTOR 1.00 40.00 X 0 654586 245004 ED FRITSCH DIRECTOR 1.00 X 0 0 0 JEN EVANS DIRECTOR 1.00 X 0 0 0 DAVID CRAVER DIRECTOR 1.00 X 0 0 0 MUNROE COBEY DIRECTOR 1.00 X 0 0 0 DAVID CARROLL DIRECTOR 1.00 X 0 0 0 TERESA ARTIS NEAL DIRECTOR 1.00 X 0 4178 0 JAMES KEITH BROWN DIRECTOR 1.00 X 0 0 0 SPENCE WHITMAN DIRECTOR 1.00 X 0 0 0 STEVE AGOSTINI ASSISTANT VP 1.00 40.00 X 0 344354 44932 ELIZABETH AYERS ASSISTANT VP 1.00 40.00 X 0 210644 60987 JENNIFER BOWMAN ASST. SECRETARY & ASST. VP 1.00 40.00 X 0 150274 41693 DAVID CHURCHILL ASSISTANT VP 1.00 40.00 X 0 194781 55190 BRUCE WARRINGTON ASSISTANT VP 1.00 40.00 X 0 135775 44002 DAVID ROUTH VP, SECRETARY & ED (THRU. DEC. 2022) 1.00 40.00 X 0 1058573 61030 CHANDRIKA RAO ASSISTANT VP 1.00 40.00 X 0 177529 55039 GORDON MERKLEIN ASSISTANT VP 1.00 40.00 X 0 338925 53200 CANDACE CLARK ASSISTANT VP 1.00 40.00 X 0 166539 31073 MICHAEL ANDREASEN VP, SECRETARY & ED (BEG. JAN. 2023) 1.00 40.00 X 0 0 0 CYNTHIA BUTLER ASSISTANT VP 1.00 40.00 X 0 194789 26988 0 4038211 802147 0 1 1 0 KASPICK & COMPANY LLC 203 REDWOOD SHORES PARKWAY STE 300 REDWOOD SHORE CA 94065 ANNUITY MANAGEMENT 354790 SCHELL BRAY PLLC PO BOX 21847 GREENSBORO NC 27420 LEGAL SERVICES 129018 KPMG LLP 500 W 5TH ST STE 800 WINSTONSALEM NC 27101 TAX AND AUDIT SERVICES 103700 3 32516371 2220569 32516371 2313766 9211 2304555 48527444 43953106 4574338 4574338 4574338 39404475 0 9211 6878893 34843617 34843617 183804 183804 95700 95700 24333 24333 UNIVERSITY SUPPORT 5602418 5602418 MAINTENANCE AND OTHER 173534 173534 40923406 34843617 6079789 0 6904339 7578403 36904924 42716223 5494264 13559662 375830 814693 5000 5000 5000 611712548 576850222 45197401 45900473 706594306 687424676 48093 92063 91232802 80136573 91280895 80228636 X 94434774 86597078 520878637 520598962 615313411 607196040 706594306 687424676 X -1518931 -7872497 1274057 X 0 1 X 1 0 X 21959461 20663130 30073576 23546212 32516371 128758750 21959461 20663130 30073576 23546212 32516371 128758750 16614732 112144018 1877761 2029544 1947493 1638044 2313766 9806608 138565358 0.80930 0.78220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5 0 140789 989455 1 1 436307 42837291 X X X X 0 544734793 20546676 -15643363 22679289 5602418 521356399 528171982 19885511 21608121 20764034 4166787 544734793 348997829 21272348 180507494 18848350 3757339 528171982 343789971 17673346 8737563 17684404 3518647 348997829 316281620 9438833 25516862 16240170 3167054 331830091 0.10115 0.89885 0 1 1 5000 5000 5000 INVESTMENT FUND 537495487 F OTHER INVESTMENT SECURITIES 38746727 F REAL ESTATE 608008 F 576850222 ARTWORK 42837291 CASH SURRENDER VALUE LIFE INS 3037291 OTHER ASSETS 25891 45900473 LIABILITIES UNDER SPLIT-INTEREST AG 57457779 DUE TO UNIVERSITY OF NORTH CAR 6221398 DEFERRED INFLOW OF RESOURCES 16457396 80136573 X PART III, LINE 4: THE COLLECTION OF THE ACKLAND ART MUSEUM INCLUDES APPROXIMATELY 4,500 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 FOUNDATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAXES; HOWEVER, THERE WERE NO SUCH TAXES IN 2023 OR 2022 AND, ACCORDINGLY, A PROVISION HAS NOT BEEN MADE IN THE FINANCIAL STATEMENTS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 1772048 0 0 0 0 0 0 1772048 0 1772048 1 0 1 0 0 0 PART III ACCOUNTING METHOD: 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 26343617 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 8500000 0 N/A N/A SUPPORT REH'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. X 1 1 0 1 0 0 0 0 0 1 0 DAVID ROUTH VP, SECRETARY & ED (THRU. DEC. 2022) 0 478510 0 181271 0 398792 0 42182 0 18848 0 1119603 0 0 KEVIN GUSKIEWICZ DIRECTOR 0 641776 0 0 0 12810 0 227052 0 17952 0 899590 0 0 NATHAN KNUFFMAN DIR. & TREASURER 0 396944 0 0 0 10320 0 74725 0 8284 0 490273 0 0 GORDON MERKLEIN ASSISTANT VP 0 321920 0 16165 0 840 0 42182 0 11018 0 392125 0 0 STEVE AGOSTINI ASSISTANT VP 0 301210 0 16144 0 27000 0 42182 0 2750 0 389286 0 0 ELIZABETH AYERS ASSISTANT VP 0 194506 0 9898 0 6240 0 51565 0 9422 0 271631 0 0 DAVID CHURCHILL ASSISTANT VP 0 190431 0 4000 0 350 0 48976 0 6214 0 249971 0 0 CHANDRIKA RAO ASSISTANT VP 0 169019 0 8510 0 0 0 43978 0 11061 0 232568 0 0 CYNTHIA BUTLER ASSISTANT VP 0 147465 0 0 0 47324 0 22055 0 4933 0 221777 0 0 CANDACE CLARK ASSISTANT VP 0 158707 0 7832 0 0 0 22483 0 8590 0 197612 0 0 JENNIFER BOWMAN ASST. SECRETARY & ASST. VP 0 141834 0 7600 0 840 0 21726 0 19967 0 191967 0 0 BRUCE WARRINGTON ASSISTANT VP 0 128485 0 6450 0 840 0 33601 0 10401 0 179777 0 0 PART I, LINE 1A HEALTH/SOCIAL CLUB DUES DAVID ROUTH AND KEVIN GUSKIEWICZ RECEIVED CLUB MEMBERSHIP DUES. BUSINESS USE IS NOT TREATED AS TAXABLE COMPENSATION TO THE RECIPIENT. ANY PERSONAL USE IS TREATED AS TAXABLE COMPENSATION TO THE RECIPIENT. 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 PARTICIPATED IN A 401(A)/415(M) RETIREMENT PLAN OF THE UNIVERSITY OF NORTH CAROLINA. CONTRIBUTIONS OF $164,817 WERE MADE WITH RESPECT TO CALENDAR YEAR 2022 OF THE 401(A)/415(M) PLAN. PART I, LINE 7 NONFIXED PAYMENTS DAVID ROUTH RECEIVED $337,500 IN NON-SALARY COMPENSATION FROM THE FILING ORGANIZATION IN SUPPORT OF HIS SERVICES TO THE UNIVERSITY. PAYMENTS WERE MADE TO SUPPORT THE UNIVERSITY IN RETAINING THE VICE CHANCELLOR FOR DEVELOPMENT ROUTH FOR THE DURATION OF THE $4.25 BILLION CAMPAIGN FOR CAROLINA. THESE RETENTION PAYMENTS WERE MADE AT THE REQUEST OF THE UNIVERSITY BOARD OF TRUSTEES ON RECOMMENDATION OF THE UNIVERSITY CHANCELLOR IN ACCORDANCE WITH UNIVERSITY POLICY. THE RETENTION PAYMENT WAS BASED ON COMPENSATION COMPARISONS BY THE UNIVERSITY. THE FILING ORGANIZATION'S BOARD OF DIRECTORS CONSIDERED AND APPROVED THE RETENTION PAYMENTS, CONSISTENT WITH ITS OWN POLICIES AND PURPOSE. X 23 436307 FMV X 33 1784262 FMV 10 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: DAVID ROUTH, KEVIN GUSKIEWICZ, NATHAN KNUFFMAN, JENNIFER BOWMAN, ELIZABETH AYERS, DAVID CHURCHILL, ROBERT WARRINGTON, GORDON MERKLEIN, STEPHEN AGOSTINI, CHANDRIKA RAO, DAVID BOLIEK, TERESA ARTIS NEAL, CANDACE CLARK, MICHAEL ANDREASEN, AND JOHN PREYER. FORM 990, PART VI, SECTION A, LINE 7A THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL FOUNDATION IS COMPOSED OF NINETEEN MEMBERS. 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 1,274,057. 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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