2025-12-09T07:23:18-06:00 2025-06-30 593204548 JAMES MOORE & CO PL 5931 NW 1ST PL GAINESVILLE FL 326072063 990 2024-07-01 311607634 NC STATE INVESTMENT FUND INC NCST 9195137149 NCSU BOX 7207 RALEIGH NC 276957207 DANA R HARRIS ASST TREASURER 9195137149 2025-12-19 1 1 KEN KURDZIEL P00060407 3523781331 2025-12-09 2024 2025-03-06 01:10:19Z DANA R HARRIS NCSU BOX 7207 RALEIGH NC 276957207 1257204393 0 X HTTPS://INVESTMENTS.OFA.NCSU.EDU/ X 1998 NC THE ORGANIZATION SUPPORTS NORTH CAROLINA STATE UNIVERSITY BY OPERATING AN INVESTMENT FUND. 18 12 0 12 -544584 0 0 0 53113817 192799843 94695927 111533185 0 0 147809744 304333028 73600336 0 0 0 0 0 0 0 0 7867017 95312089 81467353 95312089 66342391 209020939 2177135434 2510907202 712745 752173 2176422689 2510155029 THE ORGANIZATION SUPPORTS NORTH CAROLINA STATE UNIVERSITY BY OPERATING AN INVESTMENT FUND. 0 0 84876048 192799843 THE ORGANIZATION INVESTS FUNDS OF THE NORTH CAROLINA STATE UNIVERSITY ENDOWMENT FUND AND OTHER UNIVERSITY-RELATED ENTITIES. 84876048 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 18 12 0 0 1 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X ERIN DELEHANTY 9195137149 NCSU BOX 7207 RALEIGH NC 276957207 W RANDOLPH WOODSON CHANCELLOR 1.00 40.00 X X 0 1082490 94414 BRIAN SISCHO VICE CHANCELLOR 1.00 40.00 X X 0 894059 56706 CHARLES MAIMONE TREASURER 1.00 40.00 X X 0 426300 112636 DANA HARRIS ASSISTANT TREASURER 1.00 40.00 X X 0 290290 79282 ERIN DELEHANTY SECRETARY 1.00 40.00 X X 0 193638 55581 FRANK BUCKLESS DIRECTOR 1.00 40.00 X 0 417933 63062 DERICK CLOSE CHAIR 1.00 0.00 X X 0 0 0 MIKE LAWRENCE DIRECTOR 1.00 0.00 X 0 0 0 HANS WARREN DIRECTOR 1.00 0.00 X 0 0 0 CHRISTINE HOLMES DIRECTOR 1.00 0.00 X 0 0 0 PAULA WOODALL DIRECTOR 1.00 0.00 X 0 0 0 ANDREA DUHON DIRECTOR 1.00 0.00 X 0 0 0 BILL TRENT DIRECTOR 1.00 0.00 X 0 0 0 BLAS ARROYO DIRECTOR 1.00 0.00 X 0 0 0 WES COVELL DIRECTOR 1.00 0.00 X 0 0 0 CHARLES COLLINS DIRECTOR 1.00 0.00 X 0 0 0 ELIZABETH COOLEY DIRECTOR 1.00 0.00 X 0 0 0 NANCY WEBSTER DIRECTOR 1.00 0.00 X 0 0 0 0 3304710 461681 0 0 1 0 UNC MANAGEMENT COMPANY INC 1400 ENVIRON WAY CHAPEL HILL NC 27517 INVESTMENT MANAGEMENT SERVICES 2894279 1 PARTICIPANT ADDITIONS 523000 192799843 192799843 192799843 30131865 -544584 30676449 1034272685 952871365 81401320 81401320 81401320 304333028 192799843 -544584 112077769 2088664 2088664 8347377 8347377 PARTICIPANT WITHDRAWALS 84876048 84876048 95312089 84876048 10436041 0 56185235 23841456 608721837 791475923 1512228362 1695589823 2177135434 2510907202 712745 752173 712745 752173 X 0 0 0 0 2176422689 2510155029 2176422689 2510155029 2177135434 2510907202 209020939 124711401 0 X 0 1 X 1 0 X X 10 ENDOWMENT FUND OF NC STATE UNIVERSITY 566000756 2 1 0 26139300 NCSU FOUNDATION INC 566049503 5 1 0 26542914 NC STATE ENGINEERING FOUNDATION 566046987 5 1 0 6931975 NORTH CAROLINA AGRICULTURAL FOUNDATION 566049304 5 1 0 7756046 NORTH CAROLINA VETERINARY MEDICAL 581344473 5 1 0 3781956 NC STATE ALUMNI ASSOCIATION INC 566035544 5 1 0 3087180 NC STATE NATURAL RESOURCES FOUNDATION 560653350 5 1 0 2377540 NCSU COLLEGE OF SCIENCES FOUNDATION 581524289 5 1 0 1641155 NC STATE UNIVERSITY STUDENT AID ASSOCIATION 560650623 5 1 0 2373479 NC STATE TEXTILE FOUNDATION INC 566045324 5 1 0 4244503 10 0 84876048 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART I, LINE 12G, COLUMN VI: THE AMOUNT OF OTHER SUPPORT FOR EACH SUPPORTED ORGANIZATION LISTED INCLUDES PARTICIPANT WITHDRAWALS FROM THE FUND EACH FISCAL YEAR BASED ON SPENDING NEEDS. 0 HEDGE FUNDS 97098336 F UNC INVESTMENT FUND 1410257779 F PRIVATE ASSETS 134583824 F U.S. AGENCIES 9051916 F CORPORATE BONDS 44597968 F 1695589823 X 429044429 124711401 124711401 304333028 0 304333028 95312089 0 95312089 0 95312089 PART X, LINE 2: THE FUND IS EXEMPT FROM INCOME TAXES AS A NOT-FOR-PROFIT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE FUND IS NOT A PRIVATE FOUNDATION BECAUSE IT IS AN ORGANIZATION DESCRIBED IN INTERNAL REVENUE CODE SECTION 509(A)(3). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FUND AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE FUND HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE NOT SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FUND, AND HAS CONCLUDED THAT AS OF JUNE 30, 2025 AND 2024 THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FUND IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES THE FUND IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR TAX YEARS PRIOR TO 2021. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENT ACTIVITIES INVESTMENT ACTIVITIES 3765453 0 0 0 0 0 0 3765453 0 3765453 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 W RANDOLPH WOODSON CHANCELLOR 0 744021 0 335000 0 3469 0 86319 0 8095 0 1176904 0 0 BRIAN SISCHO VICE CHANCELLOR 0 514193 0 376649 0 3217 0 48611 0 8095 0 950765 0 0 CHARLES MAIMONE TREASURER 0 426300 0 0 0 0 0 104541 0 8095 0 538936 0 0 FRANK BUCKLESS DIRECTOR 0 391950 0 0 0 25983 0 54967 0 8095 0 480995 0 0 DANA HARRIS ASSISTANT TREASURER 0 290290 0 0 0 0 0 71187 0 8095 0 369572 0 0 ERIN DELEHANTY SECRETARY 0 193638 0 0 0 0 0 47486 0 8095 0 249219 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS AND OFFICERS OF NC STATE INVESTMENT FUND, INC. THAT DO RECEIVE COMPENSATION ARE COMPENSATED BY NC STATE UNIVERSITY, A 115(1) ORGANIZATION RELATED TO NC STATE INVESTMENT FUND, INC. NC STATE UNIVERSITY SETS THE COMPENSATION OF THESE EMPLOYEES BY ACQUIRING COMPARABILITY DATA WHICH IS REVIEWED AND APPROVED BY INDEPENDENT PERSONS WITH CONTEMPORANEOUS SUBSTANTIATION OF THE DECISION. FORM 990, PART VI, SECTION A, LINE 1A SUBJECT TO ARTICLE VIII OF THE BYLAWS, THE INVESTMENT POLICY STATEMENT (DESCRIBED IN ARTICLE VIII, SECTION 1) AND RESOLUTIONS DULY ADOPTED BY THE MEMBERS BOARD AND CONTINUING IN EFFECT, THE INVESTMENT COMMITTEE SHALL HAVE THE AUTHORITY AND RESPONSIBILITY TO DETERMINE, ON BEHALF OF THE FUND, ASSET ALLOCATION POLICIES, ASSET CLASSES AND THEIR RANGES AND INVESTMENT TARGETS WITHIN SUCH RANGES; APPROVE INVESTMENT MANAGER SELECTIONS; MONITOR ADHERENCE TO THE INVESTMENT POLICY STATEMENT AND REPORT ON SUCH ADHERENCE TO THE MEMBERS BOARD; AND RECOMMEND TO THE MEMBERS BOARD CHANGES IN THE INVESTMENT POLICY STATEMENT. THE AUTHORITY OF THE INVESTMENT COMMITTEE IS DERIVED FROM AND IS NO BROADER THAN THE AUTHORITY EXPRESSLY DELEGATED THERETO BY THESE BYLAWS AND THE MEMBERS BOARD. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION UPDATED ITS BYLAWS AS OF 10-31-2024 TO CHANGE THE TERMINOLOGY USED FOR ITS GOVERNING BODY AND ITS MEMBERS. SPECIFICALLY, ALL REFERENCES TO THE "BOARD OF DIRECTORS" WERE CHANGED TO "INVESTMENT COMMITTEE, AND ALL REFERENCES TO "DIRECTOR" WERE CHANGED TO "COMMITTEE MEMBER." FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS BOARD SHALL COMPRISE THE FOLLOWING (AND EACH INDIVIDUAL APPOINTED TO OR SERVING IN AN EX OFFICIO CAPACITY ON THE MEMBERS BOARD SHALL HEREIN BE REFERRED TO AS A "MEMBER"): A. EX OFFICIO MEMBERS (EACH, AN "EX OFFICIO MEMBER"): - FIVE (5) INDIVIDUALS HOLDING THE FOLLOWING OFFICES AT NORTH CAROLINA STATE UNIVERSITY (THE "UNIVERSITY"): CHANCELLOR, VICE CHANCELLOR FOR FINANCE AND ADMINISTRATION, VICE CHANCELLOR FOR UNIVERSITY ADVANCEMENT, ASSISTANT TREASURER, AND SECRETARY, OR SUCH OTHERTITLE HEREAFTER GIVEN BY THE UNIVERSITY TO THE OFFICE CONSTITUTING SUBSTANTIALLY THE SAME DUTIES AND RESPONSIBILITIES, RESPECTIVELY (COLLECTIVELY, THE "UNIVERSITY MEMBERS"); - TWO (2) INDIVIDUALS ELECTED BY THE BOARD OF TRUSTEES OF THE UNIVERSITY FROM THE MEMBERSHIP OF THE BOARD OF TRUSTEES OF THE ENDOWMENT FUND OF THE UNIVERSITY (TOGETHER, THE "ENDOWMENT BOARD MEMBERS"); - ONE (1) INDIVIDUAL ELECTED BY THE BOARD OF TRUSTEES OF THE UNIVERSITY FROM THE MEMBERSHIP OF THE BOARD OF TRUSTEES OF THE UNIVERSITY (THE "BOARD OF TRUSTEES MEMBER"); AND - TWO (2) INDIVIDUALS APPOINTED BY THE CHANCELLOR OF THE UNIVERSITY AT HIS/HER DISCRETION (TOGETHER, THE "CHANCELLOR MEMBERS"). B. EACH ASSOCIATED ENTITY OF THE UNIVERSITY THAT PARTICIPATES IN THE NC STATE INVESTMENT FUND, INC. (THE "FUND") VIA EXECUTION OF A PARTICIPANT AGREEMENT IN FORM SATISFACTORY TO THE CORPORATION (A "PARTICIPANT") SHALL APPOINT A REPRESENTATIVE TO SERVE ON THE MEMBERS BOARD (EACH, A "PARTICIPANT MEMBER"). FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS DISTRIBUTED TO BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REQUIRES EACH BOARD MEMBER, OFFICER AND AGENTS ACTING ON BEHALF OF THE INVESTMENT FUND (1) TO REVIEW THE FUND'S BYLAWS AND POLICIES INCLUDING THE POLICY WITH REGARD TO CONFLICT OF INTEREST; (2) TO DISCLOSE ON AN ONGOING BASIS THROUGHOUT THEIR TENURE ANY POSSIBLE PERSONAL, FAMILIAL OR BUSINESS RELATIONSHIPS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST INVOLVING THE FUND; AND (3) TO ACKNOWLEDGE BY THEIR SIGNATURE THAT THEY ARE IN FULL ACCORD AND WILL ABIDE BY BOTH THE LETTER AND SPIRIT OF THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS AND OFFICERS OF NC STATE INVESTMENT FUND, INC. THAT DO RECEIVE COMPENSATION ARE COMPENSATED BY NC STATE UNIVERSITY, A 115(1) ORGANIZATION RELATED TO NC STATE INVESTMENT FUND, INC. NC STATE UNIVERSITY SETS THE COMPENSATION OF THESE EMPLOYEES BY ACQUIRING COMPARABILITY DATA WHICH IS REVIEWED AND APPROVED BY INDEPENDENT PERSONS WITH CONTEMPORANEOUS SUBSTANTIATION OF THE DECISION. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS AVAILABLE ON THE WEBSITE: HTTPS://INVESTMENTS.OFA.NCSU.EDU/FUNDS-OVERVIEW/LONG-TERM-INVESTMENT-POOL/. THE FORM 1023 (WHICH WAS FILED PRIOR TO JULY 15,1987) IS NOT PUBLICLY AVAILABLE. FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBSITE: HTTPS://INVESTMENTS.OFA.NCSU.EDU/FUNDS-OVERVIEW/LONG-TERM-INVESTMENT-POOL/. OTHER GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. NC STATE ENGINEERING FOUNDATION NCSU BOX 7207 RALEIGH NC 27695 SUPPORT THE COLLEGE OF ENGINEERING AT NCSU NC 501(C)(3) LINE 5 N/A 0 NC STATE NATURAL RESOURCES FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 SUPPORTS THE COLLEGE OF NATURAL RESOURCES AT NCSU NC 501(C)(3) LINE 5 N/A 0 NC STATE UNVERSITY ALUMNI ASSOCIATION NCSU BOX 7207 RALEIGH NC 27695 PROMOTES ALUMNI AFFAIRS & AWARENESS OF NCSU IN THE COMMUNITY NC 501(C)(3) LINE 5 N/A 0 NC STATE UNVERSITY COLLEGE OF SCIENCES FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 SUPPORT THE COLLEGE OF SCIENCES AT NCSU NC 501(C)(3) LINE 5 N/A 0 NC STATE UNVERSITY PARTNERSHIP CORPORATION NCSU BOX 7207 RALEIGH NC 27695 SUPPORT ORGANIZATION OF NCSU NC 501(C)(3) LINE 12A, I N/A 0 NC STATE UNVERSITY STUDENT AID ASSOCIATION NCSU BOX 37100 RALEIGH NC 27627 SUPPORTS ATHLETIC PROGRAMS AT NCSU NC 501(C)(3) LINE 5 N/A 0 NORTH CAROLINA STATE UNIVERSITY NCSU BOX 7207 RALEIGH NC 27695 EDUCATION NC 115(1) N/A N/A 0 NORTH CAROLINA STATE UNIVERSITY FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 SUPPORTS THE VARIOUS COLLEGES WITHIN THE UNIVERSITY NC 501(C)(3) LINE 5 N/A 0 NORTH CAROLINA TEXTILE FOUNDATION NCSU BOX 8301 RALEIGH NC 27695 AIDS EDUCATION & RESEARCH IN THE COLLEGE OF TEXTILES OF NCSU NC 501(C)(3) LINE 5 N/A 0 NORTH CAROLINA VETERINARY MEDICAL FOUNDATION NCSU BOX 7207 RALEIGH NC 27695 PROVIDES FINANCIAL SUPPORT IN THE FIELD OF VETERINARY MEDICINE AT NCSU NC 501(C)(3) LINE 5 N/A 0 THE NORTH CAROLINA AGRICULTURAL FOUNDATION NCSU BOX 7207 RALEIGH NC 27695 SUPPORTS THE COLLEGE OF AGRICULTURE AND LIFE SCIENCES AT NCSU NC 501(C)(3) LINE 5 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 ENDOWMENT FUND OF NC STATE UNIVERSITY S 23906952 FMV ENDOWMENT FUND OF NC STATE UNIVERSITY R 26139300 FMV