2024-05-14T16:41:55-04:00 2023-06-30 621170651 BROWN JAKE & MCDANIEL PC 2607 KINGSTON PIKE SUITE 110 KNOXVILLE TN 379193336 990 2022-07-01 621844686 THE UNIVERSITY OF TENNESSEE FOUNDATION INC UNIV 8659748926 1525 UNIVERSITY AVENUE ROOM 223 KNOXVILLE TN 379214848 ADAM HELLER TREASURER & CFO 8659748926 2024-05-14 true ADAM HELLER 999009999 true JAMES E BOOHER CPA P00286127 8656378600 2024-05-14 2022 2023-04-26 12:10:37Z KERRY W WITCHER 1525 UNIVERSITY AVENUE ROOM 223 KNOXVILLE TN 379214848 211789117 false X WWW.UTFI.ORG X 2001 TN THE FOUNDATION ENRICHES THE LIVES OF THE STUDENTS, FACULTY, STAFF, ALUMNI AND FRIENDS OF THE UNIVERSITY OF TENNESSEE THROUGH ALUMNI ENGAGEMENT, FINANCIAL STEWARDSHIP AND PRIVATE GIFT SUPPORT. 24 23 256 2700 0 157873961 149486966 0 19993991 29563424 47490415 32738727 225358367 211789117 51628160 76670452 0 33752524 39224352 51579 51579 57904845 43920399 143285529 159866782 82072838 51922335 780706685 879180812 31044510 67687000 749662175 811493812 THE FOUNDATION ENRICHES THE LIVES OF THE STUDENTS, FACULTY, STAFF, ALUMNI AND FRIENDS OF THE UNIVERSITY OF TENNESSEE THROUGH ALUMNI ENGAGEMENT, FINANCIAL STEWARDSHIP AND PRIVATE GIFT SUPPORT. false false 112268331 76670452 TO COMPLY WITH DONOR STIPULATIONS, EARNINGS FROM INVESTED ENDOWMENT FUNDS WERE TRANSFERRED TO THE UNIVERSITY OF TENNESSEE. THE EARNINGS WILL BE USED FOR SCHOLARSHIPS, FELLOWSHIPS, LIBRARIES, RESEARCH, AND OTHER ACADEMIC RELATED PURPOSES. ALSO, AMOUNTS FUNDED BY RESTRICTED GIFTS FROM DONORS WERE PAID TO THE UNIVERSITY TO COVER THE COSTS OF CONSTRUCTION, RENOVATIONS AND VARIOUS OTHER PROJECTS. 112268331 true true false false false false false false false true false true false false true true true true false false false false false true false false false true false true false false false false false false false false true false false false true false false false false true 41 0 256 true false false false false false true true false false false false false false X 24 23 false false false false false false false true true false true true true true true true true true true true false X ADAM HELLER 8659748926 1525 UNIVERSITY AVENUE ROOM 223 KNOXVILLE TN 379214848 RONALD E FRIESON CHAIR 0.50 X X 0 0 0 ALAN WILSON VICE CHAIR 0.50 X X 0 0 0 PHILIP A WENK PAST CHAIR 0.50 X X 0 0 0 HANS N AIREE DIRECTOR 0.50 X 0 0 0 STEVEN ANGLE DIRECTOR 0.50 X 0 0 0 K JEANNIE BEAUCHAMP DIRECTOR 0.50 X 0 0 0 ISAAC BENNETT DIRECTOR 0.50 X 0 0 0 CHRISTOPHER B BOLLINGER DIRECTOR 0.50 X 0 0 0 KAREN BOWLING DIRECTOR 0.50 X 0 0 0 RANDAL D BOYD DIRECTOR 0.50 X 0 0 0 PETER BUCKLEY DIRECTOR 0.50 X 0 0 0 PHILLIP A CLENDENIN DIRECTOR 0.50 X 0 0 0 KIMBERLY W CROSS DIRECTOR 0.50 X 0 0 0 ROBERT F DECOSIMO DIRECTOR 0.50 X 0 0 0 C DOUGLAS HANEY DIRECTOR 0.50 X 0 0 0 JUDITH HERBERT DIRECTOR 0.50 X 0 0 0 RENEE IACONA DIRECTOR 0.50 X 0 0 0 DEBBIE INGRAM DIRECTOR 0.50 X 0 0 0 KATHY W LEDBETTER DIRECTOR 0.50 X 0 0 0 EMILY C LOVE DIRECTOR 0.50 X 0 0 0 CHARLES A WAGNER III DIRECTOR 0.50 X 0 0 0 RICHARD WARREN DIRECTOR 0.50 X 0 0 0 JAMIE WOODSON DIRECTOR 0.50 X 0 0 0 KERRY W WITCHER PRESIDENT & 40.00 X X 288185 0 67212 ADAM HELLER TREASURER & 40.00 X 188348 0 51510 RACHAEL R LEBLANC SECRETARY 40.00 X 69731 0 42012 WILLIAM R BRYANT JR DEVELOPMENT 40.00 X 469175 0 108840 WOODROW M HENDERSON DEVELOPMENT 40.00 X 321478 0 62923 DUANE WILES DEVELOPMENT 40.00 X 261305 0 56522 BETHANY K GOOLSBY DEVELOPMENT 40.00 X 250171 0 61837 CHARLES DEAL DEVELOPMENT 40.00 X 196688 0 53073 BRADY HART DEVELOPMENT 40.00 X 194389 0 39453 STEPHEN H CATLETT DEVELOPMENT 40.00 X 217275 0 35075 BRIAN BROYLES DEVELOPMENT 40.00 X 189822 0 51739 MICHAEL O CARTER DEVELOPMENT 40.00 X 196045 0 55254 JAMES F OBEAR DEVELOPMENT 40.00 X 202245 0 53202 ANDREW THOMAS SHEEHY DEVELOPMENT 40.00 X 197085 0 76756 STATLER S REAGAN DEVELOPMENT 40.00 X 196569 0 53036 BRIAN D SHUPE DEVELOPMENT 40.00 X 191366 0 73366 BENJAMIN WEST DEVELOPMENT 40.00 X 173418 0 41373 ELIZABETH WEATHERLY DEVELOPMENT 40.00 X 155273 0 20754 A ERICK WEBER DEVELOPMENT 40.00 X 164408 0 47828 GREGORY R HARRIS DEVELOPMENT 40.00 X 154267 0 47478 KURT GULBRAND DEVELOPMENT 40.00 X 231877 0 53482 TIMOTHY P LANIER DEVELOPMENT 40.00 X 146536 0 49467 CHANDRA TUGGLE DEVELOPMENT 40.00 X 145131 0 51899 MATTHEW KOMMER DEVELOPMENT 40.00 X 141655 0 42964 MICHAEL MCCAY DEVELOPMENT 40.00 X 140925 0 64113 PAUL CLARK DEVELOPMENT 40.00 X 141094 0 30830 5224461 1391998 25 false true false 149486966 16231198 149486966 29563424 29563424 CONTRACT WITH UT 32530504 32530504 UTRF DIRECT SUPPORT 205104 205104 RE RESERVE 1995 1995 1124 1124 32738727 211789117 62302151 76670452 76670452 6279999 6279999 25037616 7637074 17400542 2713470 472906 2240564 3293449 639886 2653563 1899818 339038 1560780 51579 51579 13754384 4560853 9193531 912217 188099 724118 2859999 1944074 915925 CAPITAL PROJECTS 9696311 9696311 OTHER 7113575 5488565 1625010 SUPPLIES 5401213 3081003 2320210 ENTERTAINMENT 3526969 1348945 2178024 655731 201125 454606 159866782 112268331 47546872 51579 34427 65602 75536156 76275215 146416653 142307259 21578339 11445 534264824 655908611 2876286 4612680 780706685 879180812 253527 805070 30790983 66881930 31044510 67687000 X 32160669 44030550 717501506 767463262 749662175 811493812 780706685 879180812 X 51922335 10897438 -988136 X false true X true false X 131894204 104991149 152110486 157873961 149486966 696356766 131894204 104991149 152110486 157873961 149486966 696356766 11372131 684984635 13335869 14970781 17557939 19993991 29563424 95422004 28294650 29422946 29136249 47490415 32738727 167082987 958861757 0.71440 0.71540 X PART II, LINE 10 WOOTEN FARM RENT 54,303 OTHER 17,439,676 CONTRACT WITH UT 149,589,008 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 477198964 36411081 26481732 19212493 520879284 474042823 44246008 -25409171 15680696 477198964 318493543 82158808 86638728 13248256 474042823 312493308 28359371 -11268338 11090798 318493543 259707807 53981511 7988356 9184366 312493308 1.00000 false false UT INVESTMENT POOL 459188294 F INVESTMENTS - LCG 128192025 F INVESTMENTS - FDIC 25170649 F FIRST TENNESSEE TRUST 23892015 F INVESTMENTS - RAYMOND JAMES 16396699 F ENDOWMENT HELD @ FIDELITY 3068929 F 655908611 DUE TO UNIVERSITY 52266815 ANNUITY PAYABLE 12034835 ACCRUED ANNUAL LEAVE 2580280 66881930 X 224075762 10897438 2377343 -988136 12286645 211789117 211789117 162244125 2377343 2377343 159866782 159866782 SCHEDULE D, PAGE 2, PART V, LINE 4 THE INTENDED USE OF THE ENDOWMENT FUND IS TO BENEFIT THE UNIVERSITY OF TENNESSEE FOR VARIOUS DONOR RESTRICTED PURPOSES. SCHEDULE D, PAGE 3, PART X THE FOUNDATION FOLLOWS THE PROVISIONS OF FASB ASC 740-10-25. UNDER THIS STANDARD, AN ORGANIZATION MUST RECOGNIZE THAT TAX BENEFIT ASSOCIATED WITH TAX TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED. THE IMPLEMENTATION OF THIS STANDARD HAS HAD NO IMPACT ON THE FOUNDATIONS FINANCIAL STATEMENTS. THE FOUNDATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. FOR THE YEAR ENDED JUNE 30, 2023, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN ITS FINANCIAL STATEMENTS. SCHEDULE D, PAGE 4, PART XI, LINE 2D CHANGE IN ACTUARIAL VALUE OF GIFT ANNUITIES -988,136 X X X true RUFFALO NOEL LEVITZ 1025 KIRKWOOD PKWY SW CEDAR RAPIDS IA 52404 PART IV false 74767 51579 23188 74767 51579 23188 All States false THE UNIVERSITY OF TENNESSEE 301 ANDY HOLT TOWER KNOXVILLE TN 37996 626001636 GOV 76670452 EDUCATIONAL 1 SCHEDULE I, PAGE 1, PART I, LINE 2 THE FOUNDATION REIMBURSES THE UNIVERSITY AFTER THE DONOR REQUIREMENTS ARE MET. false false false false false false false false false KERRY W WITCHER PRESIDENT & CEO 288185 33478 33734 355397 ADAM HELLER TREASURER & CFO 188348 19518 31992 239858 WILLIAM R BRYANT JR DEVELOPMENT 392300 76875 73404 35436 578015 WOODROW M HENDERSON DEVELOPMENT 292978 28500 32378 30545 384401 DUANE WILES DEVELOPMENT 237320 23985 23839 32683 317827 BETHANY K GOOLSBY DEVELOPMENT 250171 28926 32911 312008 CHARLES DEAL DEVELOPMENT 196688 42377 10696 249761 BRADY HART DEVELOPMENT 181894 12495 19200 20253 233842 STEPHEN H CATLETT DEVELOPMENT 198087 19188 22037 13038 252350 BRIAN BROYLES DEVELOPMENT 173176 16646 20047 31692 241561 MICHAEL O CARTER DEVELOPMENT 196045 23138 32116 251299 JAMES F OBEAR DEVELOPMENT 187854 14391 21261 31941 255447 ANDREW THOMAS SHEEHY DEVELOPMENT 182863 14222 44858 31898 273841 STATLER S REAGAN DEVELOPMENT 178660 17909 20913 32123 249605 BRIAN D SHUPE DEVELOPMENT 173698 17668 41687 31679 264732 BENJAMIN WEST DEVELOPMENT 173418 17836 23537 214791 ELIZABETH WEATHERLY DEVELOPMENT 155273 8069 12685 176027 A ERICK WEBER DEVELOPMENT 150686 13722 16566 31262 212236 GREGORY R HARRIS DEVELOPMENT 154267 16095 31383 201745 KURT GULBRAND DEVELOPMENT 214395 17482 21149 32333 285359 TIMOTHY P LANIER DEVELOPMENT 146536 33186 16281 196003 CHANDRA TUGGLE DEVELOPMENT 145131 32979 18920 197030 MATTHEW KOMMER DEVELOPMENT 131242 10413 13440 29524 184619 MICHAEL MCCAY DEVELOPMENT 140925 33400 30713 205038 PAUL CLARK DEVELOPMENT 134531 6563 12590 18240 171924 X 443 13412698 HIGH/LOW STOCK PRICE AVG X 8 2818500 APPRAISAL 17 false true true SCHEDULE M, PAGE 1, PART I, LINE 32B REALTORS ARE USED TO LIST AND SELL THE REAL ESTATE GIFTS RECEIVED. STOCK BROKERS ARE USED TO SELL STOCK RECEIVED. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C ALL BOARD MEMBERS PROVIDE SIGNED STATEMENTS REGARDING THEIR KNOWLEDGE OF THE CONFLICT OF INTEREST POLICY AND IF A CONFLICT ARISES, DISCUSS IN ADVANCE OF ANY DECISIONS REGARDING THE CONFLICT. FORM 990, PAGE 6, PART VI, LINE 15A THE FOUNDATION FOLLOWS THE UNIVERSITY OF TENNESSEE PERSONNEL POLICY. FORM 990, PAGE 6, PART VI, LINE 15B OFFICER COMPENSATION IS SET BY THE BOARD ON RECOMMENDATION OF THE CEO PURSUANT THE FOUNDATION COMPENSATION POLICY AND BYLAWS. FORM 990, PAGE 6, PART VI, LINE 19 IF REQUESTED, HARD COPIES OF DOCUMENTS ARE PROVIDED AT THE FOUNDATION'S OFFICE. FORM 990, PART XI, LINE 9 CHANGE IN ACTUARIAL VALUE OF GIFT ANNUITIES -988,136 UTFI REAL ESTATE LLC 1525 UNIVERSITY AVENUE ROOM 223 KNOXVILLE TN 379214848 REAL EST. TN 2818500 3597000 N/A