2024-04-13T09:27:31-05:00 2023-12-31 510232475 COVER & ROSSITER PA 2711 CENTERVILLE ROAD SUITE 100 WILMINGTON DE 19808 990 2023-01-01 516015046 UNIDEL FOUNDATION INC UNID 3026587691 3801 KENNETT PIKE 303C GREENVILLE DE 19807 MARGARET BOTTORFF SECRETARY/TREASURER 3026587691 2024-04-02 1 MARGARET BOTTORFF 999009999 1 PETER S KENNEDY CPA P00571422 3026566632 2024-04-02 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z MARGARET BOTTORFF 3801 KENNETT PIKE 303C GREENVILLE DE 19807 58323237 0 X N/A X 1939 DE PROMOTING THE UNIVERSITY OF DELAWARE BY MAKING TARGETED GRANTS. 5 5 2 6 0 0 0 0 0 0 18814889 14609001 0 154 18814889 14609155 14321452 11579609 0 0 170285 176045 0 0 0 1263849 1502036 15755586 13257690 3059303 1351465 344039022 412545251 6554223 3892540 337484799 408652711 UNIDEL FOUNDATION WAS FOUNDED IN 1939 BY MISS AMY DU PONT IN HONOR OF HER FATHER EUGENE DU PONT. THE FOUNDATION'S PRIMARY MISSION IS TO PROMOTE THE UNIVERSITY OF DELAWARE BY MAKING TARGETED GRANTS. 0 0 11667632 11579609 154 GRANTS ARE MADE TO SELECTED PURPOSES AND PROGRAMS FOR THE ACADEMIC ENRICHMENT OF THE UNIVERSITY OF DELAWARE TO HELP IMPROVE RELATIVELY WEAK AREAS OF IMPORTANT FIELDS LIKELY TO BENEFIT FROM SUCH ASSISTANCE AND GRANTS TO REWARD AND ENCOURAGE AREAS OF DEMONSTRATED ACHIEVEMENT. 11667632 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X MARGARET BOTTORFF 3026587691 3801 KENNETT PIKE STE 303C GREENVILLE DE 19807 RICHARD L SUTTON ESQ PRESIDENT 2.00 X X 0 0 0 ANDREW MCK JEFFERSON ESQ VICE PRESIDENT 2.00 X X 0 0 0 BENJAMIN F DU PONT TRUSTEE (TO 5/23) 2.00 X 0 0 0 WILLIAM M LAFFERTY TRUSTEE 2.00 X 0 0 0 ANN C ROSE TRUSTEE 2.00 X 0 0 0 MARYELLEN NOREIKA TRUSTEE (FROM 9/23) 2.00 X 0 0 0 MARGARET BOTTORFF SECRETARY-TREASURER 25.00 X 119327 0 0 119327 0 0 1 0 0 0 EAGLE CAPITAL MANAGEMENT LLC 499 PARK AVE 17 NEW YORK NY 10022 INVESTMENT MANAGEMENT 1149120 FUND EVALUATION GROUP 201 E 5TH STREET SUITE 1600 CINCINNATI OH 45208 INVESTMENT ADVISORY 180000 2 5458895 5458895 52864188 43714082 9150106 9150106 9150106 MISCELLANEOUS REVENUE 900099 154 154 154 14609155 154 0 14609001 11579609 11579609 119327 59663 59664 44207 22104 22103 12511 6256 6255 28300 28300 1245055 1245055 180000 180000 9735 9735 33010 33010 2412 2412 PAYROLL PREPARATION FEE 2005 2005 OFFICE EQUIPMENT 1099 1099 OTHER EXPENSES 420 420 13257690 11667632 1590058 0 584017 579331 4812066 9227434 278149776 334772830 60433023 67888489 60140 77167 344039022 412545251 232771 312931 6321452 3579609 6554223 3892540 X -5397693 -1553586 342882492 410206297 337484799 408652711 344039022 412545251 1351465 69816447 0 X X 0 1 X 1 0 X X 1 UNIVERSITY OF DELAWARE 516000297 2 1 14321452 0 1 14321452 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 4347086 5458895 4347086 5458895 0 0 1190807 1425055 0 0 3156279 4033840 380124144 379745774 354041 358866 0 0 380478185 380104640 0 0 0 380478185 380104640 5707173 5701570 374771012 374403070 13116985 13104107 0 0 13116985 13104107 3156279 2682837 13116985 13116985 0 13116985 14321452 0 253026 0 0 0 14574478 14321452 13116985 100.000000000000 13116985 0 0 0 0 1439952 16055851 17495803 0 13116985 0 4378818 14574478 0 14574478 0 0 18953296 0 0 0 4378818 14574478 SECTION D; LINE 2 THE UNIDEL TRUSTEES TYPICALLY HAVE SOME PERSONAL RELATIONSHIP WITH THE UNIVERSITY. OF THE FIVE CURRENT TRUSTEES; ONE IS A TRUSTEE OF THE UNIVERSITY; AND TWO OTHERS ARE ALUMNI. TRUSTEES ARE PROVIDED WITH REGULAR INFORMATION ON ACTIVITY AT THE UNIVERSITY AND HAVE DIRECT COMMUNICATIONS WITH, AND VISITS TO, THE UNIVERSITY. THE SECRETARY/TREASURER OF UNIDEL IS A FORMER ASSOCIATE PROVOST OF THE UNIVERSITY. SHE MEETS REGULARLY WITH MEMBERS OF THE UNIVERSITY'S ADMINISTRATION TO EXCHANGE INFORMATION INTENDED TO HELP KEEP THE UNIVERSITY AND UNIDEL AWARE OF PRIORITIES AND ISSUES OF MUTUAL INTEREST. SECTION D; LINE 3 UNIDEL FOUNDATION, INC. (UNIDEL) WAS FUNDED UPON THE DEATH OF MISS AMY DU PONT IN 1963 WITH ASSETS BEQUEATHED IN MISS DU PONT'S WILL. SINCE THAT TIME, UNIDEL EACH YEAR HAS MADE GRANTS TO THE UNIVERSITY OF DELAWARE (THE UNIVERSITY) AND ONLY TO THE UNIVERSITY. IN ORDER TO INSURE THAT SUCH GRANTS MEET THE NEEDS OF THE UNIVERSITY, UNIDEL ASKS THE UNIVERSITY ANNUALLY TO PROVIDE A LIST OF GRANTS WHICH IT WOULD LIKE UNIDEL TO MAKE, ARRANGED IN THE ORDER OF THE UNIVERSITY'S DEEMED PRIORITY FOR EACH GRANT. THE UNIDEL TRUSTEES MEET WITH, TYPICALLY, THE UNIVERSITY'S PRESIDENT AND PROVOST TO DISCUSS THESE GRANTS AND THEN DECIDE WHICH GRANTS FROM THE LIST WILL BE FUNDED, PLACING HIGH EMPHASIS TO THE UNIVERSITY'S STATED PRIORITY. 343394865 83180007 14321452 365207 411888213 451684025 -91883277 15812524 593359 343394865 383147505 82112874 13224358 351996 451684025 344287263 49547436 10113390 573804 383147505 284404402 71269412 11132812 253739 344287263 1.00000 0 0 0 REAL ESTATE INVESTMENT TRUST 17844206 F CORPORATE BONDS AND OTHER FIXED INCOME SECURITIES 11315230 F PRIVATE EQUITY AND HEDGE FUNDS 38729053 F 67888489 83180547 69816447 69816447 13364100 1245055 1245055 14609155 12012635 0 12012635 1245055 1245055 13257690 PART V, LINE 4: UNIDEL'S ENDOWMENT GENERATES THE FUNDS USED FOR GRANTS TO THE UNIVERSITY OF DELAWARE IN ACCORDANCE WITH THE TERMS OF UNIDEL'S FOUNDING DOCUMENTS. 1 UNIVERSITY OF DELAWARE 116 HULLIHEN HALL NEWARK DE 19716 516000297 501(C)(3) 14321452 0 FAIR MARKET VALUE SUPPORT OF HIGHER EDUCATION IN DELAWARE. 1 0 PART I, LINE 2: UNIDEL GRANTS FUNDS FOR SPECIFIC PROJECTS BASED ON THE SUITABILITY OF THE PROJECT AS DETERMINED BY UNIDEL'S TRUSTEES. UNIDEL REQUIRES PERIODIC REPORTING FROM THE UNIVERSITY OF DELAWARE AS TO THE USE OF THE FUNDS. FORM 990, PART VI, SECTION B, LINE 11B DRAFT VERSIONS OF THE FORM 990 ARE DISTRIBUTED TO ALL BOARD MEMBERS FOR APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C UNIDEL HAS NO CONNECTIONS OR TIES WITH ORGANIZATIONS IN WHICH ITS TRUSTEES OR EMPLOYEES HAVE A FINANCIAL INTEREST. THE UNIVERSITY OF DELAWARE HAS BEEN THE ONLY BENEFICIARY OF UNIDEL'S GRANTS. FORM 990, PART VI, SECTION B, LINE 15 UNIDEL'S TRUSTEES ARE ALL INDEPENDENT OF BOTH THE SECRETARY / TREASURER AND THE OFFICE MANAGER (UNIDEL'S ONLY PAID EMPLOYEES). ANNUALLY, THE TRUSTEES WILL MAKE COMPENSATION DECISIONS FOR UNIDEL EMPLOYEES BY APPROVING THE ANNUAL BUDGET. THE SECRETARY / TREASURER RECOMMENDS THE COMPENSATION OF THE OFFICE MANAGER. VOTES ARE FORMALLY DOCUMENTED IN THE MEETING MINUTES. THE TRUSTEES' DECISIONS ARE BASED ON THEIR ASSESSMENT OF EMPLOYEE PERFORMANCE AND KNOWLEDGE AND EXPERIENCE WITH COMPENSATION PRACTICES OF OTHER COMPARABLE ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 WHILE IT IS UNIDEL'S UNDERSTANDING THAT THERE CURRENTLY EXISTS NO LEGAL REQUIREMENT TO MAKE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES OR AUDITED FINANCIAL STATEMENTS PUBLICLY AVAILABLE, THE MATTER HAS NOT BEEN CONSIDERED, BECAUSE UNIDEL HAS NOT RECEIVED A REQUEST FOR INFORMATION OF THIS TYPE. IF SUCH REQUESTS SHOULD BE RECEIVED, THEY WILL BE EVALUATED BY THE TRUSTEES ON A CASE-BY-CASE BASIS. IN GENERAL, THE TRUSTEES BELIEVE THAT THE INFORMATION CONTAINED IN FORM 990 IS SUFFICIENT TO MEET THE INTERESTS OF TRANSPARENCY, AND THEREFORE SUFFICIENT TO RESPOND TO MOST LEGITIMATE INQUIRIES. FORM 990, PART XII, LINE 2C THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT AND THE SELECTION OF INDEPENDENT AUDITORS. UNIVERSITY OF DELAWARE 116 HULLIHEN HALL NEWARK DE 19716 516000297 ACCREDITED UNIVERSITY - POST-SECONDARY EDUCATION DE 501(C)(3) 509(A)(1) - SCHOOL N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 UNIVERSITY OF DELAWARE - CASH PAID B 14321452 CASH