2025-05-15T08:26:39-05:00 2024-06-30 135565207 KPMG LLP 500 W 5TH ST STE 800 WINSTONSALEM NC 27101 990 2023-07-01 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 2025-05-13 1 0 SHAWN HUTCHINSON P01048557 3362753394 2025-05-12 2023 2025-03-06 01:10:19Z MICHAEL ANDREASEN 300 SOUTH BUILDING CB CHAPEL HILL NC 27599 64857672 0 X N/A X 1977 NC SEE SCH O 17 15 0 15 44986 40299 32516371 17683475 0 0 6888104 2629711 0 0 39404475 20313186 34843617 34259819 0 0 0 0 0 0 0 6079789 5821876 40923406 40081695 -1518931 -19768509 687424676 743649629 80228636 94383160 607196040 649266469 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 34259819 34259819 GRANTS ARE TO OR FOR THE BENEFIT OF THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL. 34259819 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 1 0 0 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 JOHN PREYER CHAIR, DIRECTOR & PRES. 1.00 X X 0 0 0 JOHN L TOWNSEND III DIRECTOR (THRU OCT. 2024) 1.00 X 0 0 0 LEE LESLEY DIRECTOR 1.00 X 0 0 0 DAVID BOLIEK DIRECTOR 1.00 X 0 0 0 W O'BRIEN WHITE III DIRECTOR 1.00 X 0 0 0 NATHAN L KNUFFMAN DIR. & TREASURER 1.00 40.00 X X 0 418894 129069 ANNE BRENNAN DIRECTOR 1.00 X 0 0 0 MICHAEL D KENNEDY DIRECTOR 1.00 X 0 0 0 KEVIN M GUSKIEWICZ DIRECTOR (THRU JAN. 2024) 1.00 40.00 X 0 670610 243342 EDWARD J FRITSCH DIRECTOR (BEG. OCT 2023) 1.00 X 0 0 0 G MUNROE COBEY DIRECTOR (BEG. OCT 2023) 1.00 X 0 0 0 DAVID CARROLL DIRECTOR (BEG. OCT 2023) 1.00 X 0 0 0 JAMES KEITH BROWN DIRECTOR (BEG. OCT 2023) 1.00 X 0 0 0 J SPENCE WHITMAN DIRECTOR 1.00 X 0 0 0 JENNIFER LLOYD DIRECTOR 1.00 X 0 0 0 NIGEL LONG DIRECTOR (BEG. OCT. 2023) 1.00 X 0 0 0 LEE H ROBERTS DIRECTOR (BEG. JAN. 2024) 1.00 X 0 0 0 JAMES C BLAINE II DIRECTOR 1.00 X 0 0 0 STEPHEN AGOSTINI ASSISTANT VP (THRU MAY 2024) 1.00 40.00 X 0 336261 48941 ELIZABETH AYERS ASSISTANT VP 1.00 40.00 X 0 208124 59994 JENNIFER BOWMAN ASST. SECRETARY & ASST. VP 1.00 40.00 X 0 179123 45787 DAVID CHURCHILL ASSISTANT VP (THRU. MAY 2024) 1.00 40.00 X 0 207006 56190 ROBERT BRUCE WARRINGTON ASSISTANT VP 1.00 40.00 X 0 149917 45643 CHANDRIKA RAO ASSISTANT VP 1.00 40.00 X 0 176186 54707 GORDON MERKLEIN ASSISTANT VP 1.00 40.00 X 0 337149 56676 CANDACE CLARK ASSISTANT VP 1.00 40.00 X 0 163833 31068 MICHAEL ANDREASEN VP, SECRETARY & EXEC. DIR. 1.00 40.00 X 0 503983 62533 CARLY PERIN ASSISTANT VP (BEG. MAY 2024) 1.00 40.00 X 0 236267 68501 0 3587353 902451 0 0 1 0 KASPICK & COMPANY LLC 203 REDWOOD SHORES PARKWAY STE 300 REDWOOD SHORE CA 94065 ANNUITY MANAGEMENT 331794 SCHELL BRAY PLLC PO BOX 21847 GREENSBORO NC 27420 LEGAL SERVICES 109626 2 17683475 3302189 17683475 3182606 44986 3137620 43991591 44544486 -552895 -552895 -552895 20313186 0 44986 2584725 34259819 34259819 79850 79850 148250 148250 24400 24400 UNIVERSITY SUPPORT 5481346 5481346 MAINTENANCE AND OTHER 88030 88030 40081695 34259819 5821876 0 7578403 8862643 42716223 50655537 13559662 9398447 814693 248860 5000 5000 5000 576850222 627301520 45900473 47177622 687424676 743649629 92063 836543 80136573 93546617 80228636 94383160 X 86597078 79987487 520598962 569278982 607196040 649266469 687424676 743649629 X -19768509 61245489 593449 X 0 1 X 1 0 X 20663130 30073576 23546212 32516371 17683475 124482764 20663130 30073576 23546212 32516371 17683475 124482764 18305206 106177558 2029544 1947493 1638212 2304555 3137620 11057424 5026 40299 45325 135585513 0.78310 0.80930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5 0 45611 1142738 1 1 677964 43515255 X X X X 0 521356399 18133234 61307104 24499159 5481346 570816233 544734793 20546676 -15643363 22679289 5602418 521356399 528171982 19885511 21608121 20764034 4166787 544734793 348997829 21272348 180507494 18848350 3757339 528171982 343789971 17673346 8737563 17684404 3518647 348997829 0.09589 0.90411 0 1 1 5000 5000 5000 INVESTMENT FUND 585424257 F OTHER INVESTMENT SECURITIES 41269255 F REAL ESTATE 608008 F 627301520 ARTWORK 43515255 CASH SURRENDER VALUE LIFE INS 3630739 OTHER ASSETS 31628 47177622 LIABILITIES UNDER SPLIT-INTEREST AGREEMENTS 64231623 DUE TO UNIVERSITY OF NORTH CAROLINA 6572811 DEFERRED INFLOW OF RESOURCES 16742183 GRANT DUE TO THE UNIVERSITY OF NORTH CAROLINA FOUNDATION, INC. 6000000 93546617 X PART III, LINE 4: THE COLLECTION OF THE ACKLAND ART MUSEUM INCLUDES APPROXIMATELY 6,000 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. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 1702945 0 0 0 0 0 0 1702945 0 1702945 1 0 1 0 0 0 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 24917293 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 1842526 0 N/A N/A SUPPORT UNC'S MISSION THE UNIVERSITY OF NORTH CAROLINA FOUNDATION INC 223 S WEST STREET STE 1700 RALEIGH NC 27603 562180508 501(C)3 7500000 0 N/A N/A SUPPORT UNC'S MISSION 3 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 0 0 KEVIN M GUSKIEWICZ DIRECTOR (THRU JAN. 2024) 0 659645 0 0 0 10965 0 227335 0 16007 0 913952 0 0 MICHAEL ANDREASEN VP, SECRETARY & EXEC. DIR. 0 425209 0 0 0 78774 0 45680 0 16853 0 566516 0 0 NATHAN L KNUFFMAN DIR. & TREASURER 0 409054 0 0 0 9840 0 121382 0 7687 0 547963 0 0 GORDON MERKLEIN ASSISTANT VP 0 336309 0 0 0 840 0 45845 0 10831 0 393825 0 0 STEPHEN AGOSTINI ASSISTANT VP (THRU MAY 2024) 0 306261 0 0 0 30000 0 45845 0 3096 0 385202 0 0 CARLY PERIN ASSISTANT VP (BEG. MAY 2024) 0 235427 0 0 0 840 0 59212 0 9289 0 304768 0 0 ELIZABETH AYERS ASSISTANT VP 0 201284 0 0 0 6840 0 51758 0 8236 0 268118 0 0 DAVID CHURCHILL ASSISTANT VP (THRU. MAY 2024) 0 206656 0 0 0 350 0 52289 0 3901 0 263196 0 0 CHANDRIKA RAO ASSISTANT VP 0 176186 0 0 0 0 0 44498 0 10209 0 230893 0 0 JENNIFER BOWMAN ASST. SECRETARY & ASST. VP 0 178493 0 0 0 630 0 26802 0 18985 0 224910 0 0 ROBERT BRUCE WARRINGTON ASSISTANT VP 0 149077 0 0 0 840 0 37358 0 8285 0 195560 0 0 CANDACE CLARK ASSISTANT VP 0 163833 0 0 0 0 0 23090 0 7978 0 194901 0 0 PART I, LINE 1A HEALTH/SOCIAL CLUB DUES 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 AND NATHAN KNUFFMAN PARTICIPATED IN A 401(A)/415(M) RETIREMENT PLAN OF THE UNIVERSITY OF NORTH CAROLINA. CONTRIBUTIONS OF $159,568 AND $40,391, RESPECTIVELY, WERE MADE WITH RESPECT TO CALENDAR YEAR 2023 OF THE 401(A)/415(M) PLAN. X 32 677964 APPRAISAL X 38 2624225 FMV 19 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: KEVIN GUSKIEWICZ, LEE ROBERTS, MICHAEL ANDREASEN, NATHAN KNUFFMAN, JENNIFER BOWMAN, ELIZABETH AYERS, DAVID CHURCHILL, ROBERT WARRINGTON, GORDON MERKLEIN, STEPHEN AGOSTINI, CARLY PERIN, CHANDRIKA RAO, CANDACE CLARK, DAVID BOLIEK, TERESA ARTIS NEAL, JOHN PREYER, JENNIFER LLOYD, AND JAMES BLAINE II. 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 593,449. 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. SUPPORT NC 501(C)(3) LINE 7 UNC-CHAPEL HILL 0 CHAPEL HILL FDN REAL ESTATE HOLDINGS INC CAMERON AVE 300 BLDG CB 100 CHAPEL HILL NC 27599 262858176 REAL ESTATE NC 501(C)(3) LINE 12A, I UNC-CH FDN 1 KFBSF INC 205 KENAN CENTER CAMPUS BOX 3490 CHAPEL HILL NC 27599 208071163 SUPPORT NC 501(C)(3) LINE 12A, I THE KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION 0 READDI INC 301 PHARMACY LANE 319 BEARD HALL CHAPEL HILL NC 27516 883812342 SUPPORT NC 501(C)(3) LINE 7 UNC-CHAPEL HILL 0 UNC INTERMEDIATE POOL LLC 1400 ENVIRON WAY CHAPEL HILL NC 27517 611713200 INVESTMENTS NC 0 0 CAROLINA RESEARCH VENTURE INVS 300 SOUTH BUILDING CB 1000 CHAPEL HILL NC 27599 813676344 INVESTMENTS NC 0 0 KFBSF PRIVATE EQUITY FUND I LP 205 KENAN CENTER CAMPUS BOX 3490 CHAPEL HILL NC 27599 INVESTMENTS NC 0 0 KFBSF PRIVATE EQUITY FUND II LP 205 KENAN CENTER CAMPUS BOX 3490 CHAPEL HILL NC 27599 INVESTMENTS NC 0 0 KFBSF PRIVATE EQUITY FUND III LP 205 KENAN CENTER CAMPUS BOX 3490 CHAPEL HILL NC 27599 INVESTMENTS NC 0 0 KFBSF PRIVATE EQUITY FUND IV LP 205 KENAN CENTER CAMPUS BOX 3490 CHAPEL HILL NC 27599 INVESTMENTS NC 0 0 KFBSF REAL ESTATE FUND II LP 205 KENAN CENTER CAMPUS BOX 3490 CHAPEL HILL NC 27599 INVESTMENTS NC 0 0 KFBSF REAL ESTATE FUND III LP 205 KENAN CENTER CAMPUS BOX 3490 CHAPEL HILL NC 27599 INVESTMENTS NC 0 0 KFBSF REAL ESTATE FUND IV LP 205 KENAN CENTER CAMPUS BOX 3490 CHAPEL HILL NC 27599 INVESTMENTS NC 0 0 0 1 0 0 0 1 0 0 1 0 0 0 1 0 0 1 0 0 0 UNC-CH FOUNDATION INVESTMENT FUND INC I 13192084 FMV UNC-CH FOUNDATION INVESTMENT FUND INC F 24499159 FMV CHAPEL HILL FDN REAL ESTATE HOLDINGS INC B 1842526 FMV