2025-05-15T09:59:38-04:00 2024-06-30 621170651 BROWN JAKE & MCDANIEL PC 2607 KINGSTON PIKE SUITE 110 KNOXVILLE TN 379193336 990 2023-07-01 621844686 THE UNIVERSITY OF TENNESSEE FOUNDATION INC UNIV 8659748926 1525 UNIVERSITY AVENUE ROOM 223 KNOXVILLE TN 379214848 ADAM HELLER TREASURER & CFO 8659748926 2025-05-13 true true JAMES E BOOHER CPA P00286127 8656378600 2025-05-15 2023 2025-03-06 01:10:19Z ADAM HELLER 1525 UNIVERSITY AVENUE ROOM 223 KNOXVILLE TN 379214848 315326525 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 22 266 2402 0 149486966 252324884 0 29563424 31242945 32738727 31758696 211789117 315326525 76670452 95900593 0 39224352 41369282 51579 77893 77893 43920399 61816785 159866782 199164553 51922335 116161972 879180812 1011600489 67687000 51807634 811493812 959792855 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 144740848 95900593 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. 144740848 true false 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 50 0 266 true false false false false false true true false false false false false false X 24 22 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 2.00 X X 0 0 0 ALAN WILSON VICE CHAIR 1.00 X X 0 0 0 PHILIP A WENK PAST CHAIR 1.00 X X 0 0 0 LEE ANN ADAMS 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 KAREN BOWLING DIRECTOR 1.00 X 0 0 0 RANDAL D BOYD DIRECTOR 40.00 X 0 0 0 DOUGLAS A BROWN 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 DEBORAH A INGRAM DIRECTOR 0.50 X 0 0 0 EMILY C LOVE DIRECTOR 1.00 X 0 0 0 SHANEA A MCKINNEY DIRECTOR 0.50 X 0 0 0 J PHENISE POOLE DIRECTOR 0.50 X 0 0 0 ARTHUR L SPARKS JR DIRECTOR 0.50 X 0 0 0 CHARLES A WAGNER III DIRECTOR 1.00 X 0 0 0 RICHARD WARREN DIRECTOR 0.50 X 0 0 0 DR YANCY FREEMAN CHANCELLOR 40.00 X 0 0 0 DR PETER F BUCKLEY CHANCELLOR 40.00 X 0 0 0 KERRY W WITCHER PRESIDENT & 40.00 X X 387308 0 73231 ADAM HELLER TREASURER & 40.00 X 239015 0 55112 RACHAEL R LEBLANC SECRETARY 40.00 X 76806 0 44639 JAMES F OBEAR DEVELOPMENT 40.00 X 217173 0 55912 BRIAN BROYLES DEVELOPMENT 40.00 X 312367 0 50814 WOODROW M HENDERSON DEVELOPMENT 40.00 X 351942 0 66454 BRIGITTE GRANT DEVELOPMENT 40.00 X 248210 0 57111 DUANE WILES DEVELOPMENT 40.00 X 295700 0 58693 JOSEPH SCOGIN DEVELOPMENT 40.00 X 286084 0 53936 BETHANY K GOOLSBY DEVELOPMENT 40.00 X 287533 0 55327 CHARLES DEAL DEVELOPMENT 40.00 X 274036 0 50057 STATLER S REAGAN DEVELOPMENT 40.00 X 229942 0 52058 MICHAEL O CARTER DEVELOPMENT 40.00 X 238276 0 57415 STEPHEN H CATLETT DEVELOPMENT 40.00 X 223174 0 36312 BRADY HART DEVELOPMENT 40.00 X 231365 0 40859 ANDREW THOMAS SHEEHY DEVELOPMENT 40.00 X 221048 0 80426 A ERICK WEBER DEVELOPMENT 40.00 X 187568 0 53580 MICHELLE GELLER DEVELOPMENT 40.00 X 169619 0 31355 ELIZABETH WEATHERLY DEVELOPMENT 40.00 X 184108 0 21221 PAUL CLARK DEVELOPMENT 40.00 X 169577 0 31266 JESSICA LAWRENCE DEVELOPMENT 40.00 X 178205 0 39733 GREGORY R HARRIS DEVELOPMENT 40.00 X 178489 0 49196 MICHAEL MCCAY DEVELOPMENT 40.00 X 172842 0 67324 CHANDRA TUGGLE DEVELOPMENT 40.00 X 171736 0 55286 THOMAS BEECH DEVELOPMENT 40.00 X 167534 0 33528 WINFORD HUDSON DEVELOPMENT 40.00 X 151100 0 33018 ANDREA PIERCY DEVELOPMENT 40.00 X 159507 0 35654 TIMOTHY P LANIER DEVELOPMENT 40.00 X 167304 0 49211 MATTHEW KOMMER DEVELOPMENT 40.00 X 155568 0 45223 ELAINE EBERHART DEVELOPMENT 40.00 X 146978 0 32739 MARK GELLER DEVELOPMENT 40.00 X 132319 0 37209 6612433 1503899 33 false true false 252324884 17083880 252324884 31242945 31242945 CONTRACT WITH UT 31077274 31077274 UTRF DIRECT SUPPORT 395792 395792 RE CONTRACT REVENUE 271077 271077 14553 14553 31758696 315326525 63001641 95900593 95900593 9604105 9604105 23643694 6134493 17509201 2784231 474489 2309742 3233072 568752 2664320 2104180 357807 1746373 77893 77893 8683068 3947239 4735829 903996 191024 712972 2778624 1674141 1104483 CAPITAL PROJECTS 28216899 28216899 OTHER 10354041 1648905 8705136 SUPPLIES 6147297 4057261 2090036 ENTERTAINMENT 4025711 1361141 2664570 707149 208104 499045 199164553 144740848 54345812 77893 65602 396690 76275215 14276745 142307259 233889041 11445 7732188 655908611 749773672 4612680 5532153 879180812 1011600489 805070 547775 66881930 51259859 67687000 51807634 X 44030550 38196349 767463262 921596506 811493812 959792855 879180812 1011600489 X 116161972 38056908 -5919837 X false true X true false X 104991149 152110486 157873961 149486966 252324884 816787446 104991149 152110486 157873961 149486966 252324884 816787446 5526788 811260658 14970781 17557939 19993991 29563424 31242945 113329080 29422946 29136249 47490415 32738727 31758696 170547033 1100663559 0.73710 0.71440 X PART II, LINE 10 WOOTEN FARM RENT 40,303 OTHER 17,788,398 CONTRACT WITH UT 152,718,332 520879284 48141914 53286644 20347713 601960129 477198964 36411081 26481732 19212493 520879284 474042823 44246008 -25409171 15680696 477198964 318493543 82158808 86638728 13248256 474042823 312493308 28359371 -11268338 11090798 318493543 1.00000 false false UT INVESTMENT POOL 532306487 F INVESTMENTS - LCG 134338582 F FIRST TENNESSEE TRUST 31215336 F INVESTMENTS - FDIC 26432881 F INVESTMENTS - RAYMOND JAMES 17291593 F INVESTMENTS - POINTER 4627302 F ENDOWMENT HELD @ FIDELITY 3561491 F 749773672 DUE TO UNIVERSITY 29757255 ANNUITY PAYABLE 18763641 ACCRUED ANNUAL LEAVE 2738963 51259859 X 349555240 38056908 2091644 -5919837 34228715 315326525 315326525 201256197 2091644 2091644 199164553 199164553 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, 2024, 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 -5,919,837 X X X true RUFFALO NOEL LEVITZ 1025 KIRKWOOD PKWY SW CEDAR RAPIDS IA 52404 PART IV false 68026 72943 -4917 68026 72943 -4917 All States false THE UNIVERSITY OF TENNESSEE 301 ANDY HOLT TOWER KNOXVILLE TN 37996 626001636 GOV 95900593 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 337598 49710 38205 35026 460539 ADAM HELLER TREASURER & CFO 215390 23625 21920 33192 294127 JAMES F OBEAR DEVELOPMENT 197679 19494 22978 32934 273085 BRIAN BROYLES DEVELOPMENT 272677 39690 26195 24619 363181 WOODROW M HENDERSON DEVELOPMENT 307669 44273 34578 31876 418396 BRIGITTE GRANT DEVELOPMENT 224045 24165 30600 26511 305321 DUANE WILES DEVELOPMENT 253303 42397 24978 33715 354393 JOSEPH SCOGIN DEVELOPMENT 254771 25313 6000 28594 25342 340020 BETHANY K GOOLSBY DEVELOPMENT 261670 25863 29817 25510 342860 CHARLES DEAL DEVELOPMENT 238379 35657 28594 21463 324093 STATLER S REAGAN DEVELOPMENT 197513 32429 22003 30055 282000 MICHAEL O CARTER DEVELOPMENT 214538 23738 24299 33116 295691 STEPHEN H CATLETT DEVELOPMENT 209607 13567 23143 13169 259486 BRADY HART DEVELOPMENT 214705 16660 20127 20732 272224 ANDREW THOMAS SHEEHY DEVELOPMENT 194233 26815 47199 33227 301474 A ERICK WEBER DEVELOPMENT 163486 24082 20855 32725 241148 MICHELLE GELLER DEVELOPMENT 154409 15210 15351 16004 200974 ELIZABETH WEATHERLY DEVELOPMENT 178825 5283 8397 12824 205329 PAUL CLARK DEVELOPMENT 153930 15647 13621 17645 200843 JESSICA LAWRENCE DEVELOPMENT 154703 21275 2227 15906 23827 217938 GREGORY R HARRIS DEVELOPMENT 165055 13434 16847 32349 227685 MICHAEL MCCAY DEVELOPMENT 154677 18165 35188 32136 240166 CHANDRA TUGGLE DEVELOPMENT 154727 17009 35301 19985 227022 THOMAS BEECH DEVELOPMENT 143479 24055 14455 19073 201062 WINFORD HUDSON DEVELOPMENT 142394 8706 6477 26541 184118 ANDREA PIERCY DEVELOPMENT 143727 15780 16350 19304 195161 TIMOTHY P LANIER DEVELOPMENT 156001 11303 16990 32221 216515 MATTHEW KOMMER DEVELOPMENT 144239 11329 14201 31022 200791 ELAINE EBERHART DEVELOPMENT 142783 4195 13958 18781 179717 MARK GELLER DEVELOPMENT 125839 6480 14313 22896 169528 X 1 79681 FMV X 277 15467507 HIGH/LOW STOCK PRICE AVG X 4 1536692 APPRAISAL 2 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 -5,919,837 UTFI REAL ESTATE LLC 1525 UNIVERSITY AVENUE ROOM 223 KNOXVILLE TN 379214848 REAL EST. TN 1595066 4376052 N/A