2026-01-26T15:25:35-06:00 2025-06-30 593204548 JAMES MOORE & CO PL 5931 NW 1ST PL GAINESVILLE FL 326072063 990 2024-07-01 560653350 NC STATE NATURAL RESOURCES FOUNDATION INC NCST 9195137149 NCSU BOX 7207 RALEIGH NC 276957207 ERIN DELEHANTY ASSISTANT TREASURER 9195137149 2026-01-22 1 1 KEN KURDZIEL P00060407 3523781331 2026-01-22 2024 2025-03-06 01:10:19Z ERIN DELEHANTY NCSU BOX 7207 RALEIGH NC 276957207 7190175 0 X SEE SCHEDULE O X 1929 NC TO PROMOTE EDUCATION AND RESEARCH IN THE COLLEGE OF NATURAL RESOURCES OF NORTH CAROLINA STATE UNIVERSITY AS WELL AS AID AND PROMOTE, BY FINANCIAL ASSISTANCE AND OTHERWISE, ALL TYPES OF EDUCATION, RESEARCH AND EXTENSION IN THE COLLEGE OF NATURAL RESOURCES. 17 15 5 60 0 0 3217051 2709894 367352 281124 1441770 1679532 61348 122945 5087521 4793495 1822996 1839983 0 0 219702 170035 0 0 204240 1050796 948298 3093494 2958316 1994027 1835179 62988374 69025644 808339 786297 62180035 68239347 TO PROMOTE EDUCATION AND RESEARCH IN THE COLLEGE OF NATURAL RESOURCES OF NORTH CAROLINA STATE UNIVERSITY AS WELL AS AID AND PROMOTE, BY FINANCIAL ASSISTANCE AND OTHERWISE, ALL TYPES OF EDUCATION, RESEARCH AND EXTENSION IN THE COLLEGE OF NATURAL RESOURCES. 0 0 2692936 1839983 398972 PROMOTES EDUCATION AND RESEARCH IN THE COLLEGE OF NATURAL RESOURCES OF NORTH CAROLINA STATE UNIVERSITY AS WELL AS AID AND PROMOTE, BY FINANCIAL ASSISTANCE AND OTHERWISE, ALL TYPES OF EDUCATION, RESEARCH AND EXTENSION IN THE COLLEGE OF NATURAL RESOURCES. 2692936 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 15 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 GARY ALLRED VICE CHAIR 1.00 0.00 X X 0 0 0 GEORGIA BROWN DIRECTOR 1.00 40.00 X 0 111064 23469 FREDERICK CARTER DIRECTOR 1.00 0.00 X 0 0 0 JOANN COX DIRECTOR 1.00 0.00 X 0 0 0 BRIAN DANGLER CHAIR 1.00 0.00 X X 0 0 0 DANA R HARRIS TREASURER 1.00 40.00 X X 0 290290 79282 THOMAS HINES DIRECTOR 1.00 0.00 X 0 0 0 RONNIE HISE DIRECTOR 1.00 0.00 X 0 0 0 HUNTER JENKINS PAST CHAIR 1.00 0.00 X 0 0 0 PATRICIA LAYTON DIRECTOR AS OF 10/1/24 1.00 0.00 X 0 0 0 REBECCA NICHOLSON DIRECTOR AS OF 10/1/24 1.00 0.00 X 0 0 0 LARRY PERKINS DIRECTOR 1.00 0.00 X 0 0 0 NANCY THOMPSON DIRECTOR 1.00 0.00 X 0 0 0 DALE THREATT-TAYLOR DIRECTOR 1.00 0.00 X 0 0 0 JAZMIN VARELA DIRECTOR 1.00 0.00 X 0 0 0 MICHELLE WELLS DIRECTOR 1.00 0.00 X 0 0 0 JENNIFER ZUCKERMAN DIRECTOR 1.00 0.00 X 0 0 0 BLAS ARROYO DIRECTOR UNTIL 11/1/24 1.00 0.00 X 0 0 0 MILES DANIELS DIRECTOR UNTIL 2/10/25 1.00 0.00 X 0 0 0 SAM COOK VICE PRESIDENT 1.00 0.00 X 0 170041 31942 ERIN DELEHANTY ASSISTANT TREASURER 1.00 40.00 X 0 193638 55581 ERIN ELLIOTT SECRETARY 1.00 40.00 X 0 55448 21688 JENNIFER PIERCY PRESIDENT 1.00 40.00 X 0 163618 22946 MYRON FLOYD DIRECTOR 1.00 40.00 X 0 295643 49556 0 1279742 284464 0 0 1 0 0 4090 2705804 70579 2709894 HOFMANN FOREST 110000 281124 281124 281124 177401 177401 3885708 6000 2389577 0 1496131 6000 1502131 1502131 12200 4090 7103 5097 5097 OTHER INCOME 611600 117848 117848 117848 4793495 398972 0 1684629 1839983 1839983 170035 170035 8551 1324 7227 52000 52000 14309 14309 5567 5567 8689 6519 2170 89640 86971 2669 16878 16449 429 26445 26445 21255 7654 9140 4461 SERVICES & FEES 506336 491063 15273 EQUIPMENT RENTAL & MAIN 106633 105839 794 SUPPLIES 68378 67221 1157 DEPARTMENTAL EQUIPMENT 12326 12326 11291 11266 25 2958316 2692936 61140 204240 6012155 7345893 574010 1294727 1961902 419197 1524557 1542705 54750581 58705422 127071 136897 62988374 69025644 808339 786297 808339 786297 X 6954194 7922192 55225841 60317155 62180035 68239347 62988374 69025644 X 1835179 4276490 -52357 X 0 1 X 1 0 X 3427290 1664627 2748608 3217051 2709894 13767470 552000 552000 3427290 1664627 2748608 3217051 3261894 14319470 1942611 12376859 78881 46461 73107 142966 177401 518816 205896 241404 161060 61348 130048 799756 15638042 864444 0.79150 0.78400 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 205,896. 2021 AMOUNT: $ 241,404. 2022 AMOUNT: $ 161,060. 2023 AMOUNT: $ 61,348. 2024 AMOUNT: $ 130,048. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 5 40.00 0 0 0 1 0 2.00 1000 55519823 614017 5591952 2126750 59599042 49606669 2298544 5696416 2081806 55519823 49376645 1470812 626006 1866794 49606669 48782865 1225833 1161118 1793171 49376645 34512555 2393480 13614422 1737592 48782865 0.11714 0.47034 0.41252 0 0 1404673 1404673 391994 299402 92592 165235 119795 45440 1542705 NC STATE INVESTMENT FUND 57189724 F LIFE INCOME FUNDS 1515698 F 58705422 ACCOUNTS PAYABLE TO ASSOCIATED ENTITIES 13839 LIFE INCOME FUNDS PAYABLE 772458 786297 X 9576731 4276490 552000 -52357 4776133 4800598 -7103 -7103 4793495 3517419 552000 552000 2965419 -7103 -7103 2958316 PART II, LINE 9: DONATED EASEMENTS ARE STATED AT FAIR VALUE AS OF THE DATE OF DONATION. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 280 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES RELATED TO THE MISSION OF THE UNIVERSITY. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. THE FOUNDATION HAD NO SIGNIFICANT UNRELATED TRADE OR BUSINESS INCOME FOR 2025 AND 2024. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2025 AND 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO TAX YEAR 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -52,357. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES INCLUDED ON PART VIII -7,103. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES INCLUDED ON PART VIII -7,103. GOLF TOURNAMENT 16290 4090 12200 245 4000 1922 936 16290 4090 12200 245 4000 1922 936 7103 5097 1 NORTH CAROLINA STATE UNIVERSITY NCSU BOX 7205 RALEIGH NC 276957207 566000756 115(1) 1839983 0 SCHOLARSHIPS, FACULTY SUPPORT, DEPARTMENTAL SUPPORT AND FACILITY SUPPORT 1 0 PART I, LINE 2: GRANTS REPRESENT REIMBURSEMENT OF EXPENSES PROCESSED THROUGH THE UNIVERSITY'S ACCOUNTING SYSTEMS, AND ARE SUBJECT TO UNIVERSITY AND STATE OF NORTH CAROLINA GUIDELINES, IN ADDITION TO ANY RESTRICTIONS PLACED DIRECTLY BY DONORS. 0 0 0 0 0 0 0 0 0 DANA R HARRIS TREASURER 0 290290 0 0 0 0 0 71187 0 8095 0 369572 0 0 MYRON FLOYD DIRECTOR 0 295643 0 0 0 0 0 41461 0 8095 0 345199 0 0 ERIN DELEHANTY ASSISTANT TREASURER 0 193638 0 0 0 0 0 47486 0 8095 0 249219 0 0 SAM COOK VICE PRESIDENT 0 170041 0 0 0 0 0 23847 0 8095 0 201983 0 0 JENNIFER PIERCY PRESIDENT 0 163618 0 0 0 0 0 22946 0 0 0 186564 0 0 PART I, LINE 3 THE BOARD MEMBERS THAT ARE COMPENSATED RECEIVE COMPENSATION FROM NC STATE UNIVERSITY, A 115(1) ORGANIZATION RELATED TO NC STATE NATURAL RESOURCES FOUNDATION. X 2 70579 FMV 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS. FORM 990, ITEM J - WEBSITE: HTTPS://AEOPERATIONS.OFA.NCSU.EDU/NC-STATE-NATURAL-RESOURCES-FOUNDATION- INC/ FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR, WHO SHALL SERVE AS CHAIR OF THE EXECUTIVE COMMITTEE, THE VICE-CHAIR, THE PAST CHAIR, THE TREASURER, AND THE CHAIR OF EACH STANDING COMMITTEE OF THE BOARD. THE PRESIDENT AND DEAN, CNR, WILL SERVE EX-OFFICIO AS NONVOTING MEMBERS OF THE EXECUTIVE COMMITTEE AND MAY ALSO SERVE AS NONVOTING MEMBERS OF ANY OTHER COMMITTEE AUTHORIZED BY THESE BYLAWS IF DULY APPOINTED BY THE BOARD. BY RESOLUTION ADOPTED BY A MAJORITY OF THE DIRECTORS THEN IN OFFICE, THE BOARD OF DIRECTORS SHALL, AT OR BEFORE ITS ANNUAL MEETING, APPOINT THE MEMBERS OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE, IN THE INTERIM BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, AND EXCEPT AS OTHERWISE PROVIDED IN SECTION 5 OF THE BYLAWS, ALL THE POWERS OF THE BOARD OF DIRECTORS. EXECUTIVE COMMITTEE MEMBERS APPOINTED BY THE BOARD SHALL SERVE AT THE PLEASURE OF THE BOARD BUT ONLY FOR SO LONG AS THEY ALSO SERVE AS DIRECTORS AND MAINTAIN THEIR QUALIFYING OFFICES OR DESIGNATIONS AS THE CASE MAY BE. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED ITS BYLAWS AS OF 11/1/2024. SIGNIFICANT CHANGES INCLUDE THE FOLLOWING: 1. ADDITION OF PURPOSES SECTION: THE CORPORATION IS ORGANIZED TO: A. OPERATE EXCLUSIVELY FOR SCIENTIFIC AND EDUCATIONAL PURPOSES IN SUPPORT OF THE SCIENTIFIC, EDUCATIONAL, RESEARCH, LITERARY AND OUTREACH MISSIONS OF THE COLLEGE OF NATURAL RESOURCES AT NC STATE UNIVERSITY; B. PROMOTE THE WELFARE AND FUTURE DEVELOPMENT OF THE COLLEGE OF NATURAL RESOURCES AT NC STATE UNIVERSITY WITHIN THE MEANING OF SECTIONS 501(C) (3), C. RECEIVE GIFTS WHICH QUALIFY UNDER SECTION 170, OF THE INTERNAL REVENUE CODE OF 1986 OR THE CORRESPONDING PROVISIONS OF ANY FUTURE INTERNAL REVENUE SERVICE LAW; D. SEEK GIFTS FOR THE BENEFIT OF THE COLLEGE OF NATURAL RESOURCES AT NC STATE UNIVERSITY THROUGH CURRENT FUNDS, ENDOWMENT GIVING AND OTHER FUND-RAISING PROGRAMS; E. SUPPORT THE DEAN AND THEIR LEADERSHIP TEAM IN THE COLLEGE OF NATURAL RESOURCES. 2. UPDATED DIRECTOR TERMS AND STAGGERED TERMS: DIRECTORS SHALL BE ELECTED TO SERVE A TERM OF FOUR (4) YEARS TO BEGIN AT THE ADJOURNMENT OF THE ANNUAL MEETING OF THE BOARD AT WHICH THE DIRECTOR WAS ELECTED. DIRECTORS MAY BE REELECTED FOR A SECOND, SUCCESSIVE TERM OF SERVICE, BUT MAY NOT SERVE MORE THAN EIGHT (8) YEARS CONSECUTIVELY. A DIRECTOR, HOWEVER, MAY SERVE BEYOND THE EIGHT (8) YEAR LIMITATION, UP TO ANOTHER FULL TERM, IF ELECTED AND HOLDING THE POSITION OF CHAIR OR VICE CHAIR OF THE BOARD. THIS INSTANCE OF AN ELECTED CHAIR OR VICE CHAIR SERVING PAST THEIR SECOND FOUR (4) YEAR TERM DOES NOT AFFECT THE TOTAL REMAINING SIXTEEN (16) DIRECTORS, BUT IN PART INCREASES THE NUMBER TO POSSIBLY TWENTY (20) DURING WHICH THE DIRECTOR(S) HOLDS THIS POSITION. THE TERMS OF THE DIRECTORS SHALL BE STAGGERED BY DIVIDING THE NUMBER OF DIRECTORS THEN SET BY THE BOARD INTO FOUR (4) CLASSES OF UP TO FOUR (4) DIRECTORS EACH, SUCH THAT THE TERM OF ONE (1) CLASS OF DIRECTORS TO BE ELECTED SHALL EXPIRE EACH YEAR; PROVIDED FURTHER, IN THE EVENT THE NUMBER OF DIRECTORS SHALL BE INCREASED, EACH CLASS OF DIRECTORS SHALL BE INCREASED ON A "PRO RATA" BASIS SUCH THAT FOLLOWING SUCH INCREASE AN EQUAL NUMBER OF DIRECTORS SHALL BE ELECTED EACH YEAR; AND IN THE FURTHER EVENT THE NUMBER OF DIRECTORS SHALL BE DECREASED, EACH CLASS OF DIRECTORS SHALL BE REDUCED ON A "PRO-RATA" BASIS SUCH THAT FOLLOWING SUCH REDUCTION AN EQUAL NUMBER OF DIRECTORS SHALL BE ELECTED EACH YEAR. EACH DIRECTOR SHALL SERVE UNTIL THE END OF THEIR TERM HEREUNDER, OR UNTIL THEIR OFFICE IS DECLARED VACANT, OR UNTIL THEIR SUCCESSOR IS DULY ELECTED AND QUALIFIED, OR UNTIL THEY DIE, RESIGN OR BECOME DISQUALIFIED OR UNTIL THEY ARE REMOVED. THE BOARD MAY FROM TIME TO TIME CHANGE THE TERM OF SERVICE BY AMENDMENT OF THESE BYLAWS. ANY DECREASE IN THE TERM OF OFFICE DOES NOT IN AND OF ITSELF SHORTEN AN INCUMBENT DIRECTOR'S TERM. 3. UPDATED CHAIR AND VICE-CHAIR OF THE BOARD OF DIRECTORS TERMS: THERE SHALL BE A CHAIR OF THE BOARD OF DIRECTORS ("CHAIR") WHO SHALL BE ELECTED BY THE DIRECTORS FROM AMONG MEMBERS OF THE BOARD OF DIRECTORS AT OR BEFORE AN ANNUAL MEETING OF THE BOARD OF DIRECTORS, TO SERVE A TERM OF TWO (2) YEARS, OR UNTIL THE CHAIR'S OFFICE SHALL BE DECLARED VACANT, OR UNTIL THEIR SUCCESSORS ARE ELECTED. THERE SHALL BE A VICE-CHAIR OF THE BOARD OF DIRECTORS ("VICE-CHAIR") WHO SHALL BE ELECTED BY THE DIRECTORS FROM AMONG MEMBERS OF THE BOARD OF DIRECTORS AT AN OR BEFORE THE ANNUAL MEETING OF THE BOARD OF DIRECTORS, TO SERVE A TERM OF TWO (2) YEARS, OR UNTIL THE VICE-CHAIR'S OFFICE SHALL BE DECLARED VACANT, OR UNTIL THEIR SUCCESSORS ARE ELECTED. 4. REVISED NOMINATING COMMITTEE SUBMISSION PERIOD: THE EXECUTIVE COMMITTEE SHALL ALSO SERVE AS THE NOMINATING COMMITTEE AND SHALL SUBMIT THE SLATE OF RECOMMENDED NOMINEES TO THE FULL BOARD OF DIRECTORS FOR ITS CONSIDERATION AT LEAST FIFTEEN (15) DAYS PRIOR TO THE ANNUAL MEETING. 5. CHANGED ADVANCEMENT COMMITTEE REQUIREMENTS: THE BOARD SHALL APPOINT AN ADVANCEMENT COMMITTEE CONSISTING OF AT LEAST THREE (3) MEMBERS OF THE BOARD OF DIRECTORS. THE ADVANCEMENT COMMITTEE SHALL: I. ASSIST THE COLLEGE ADVANCEMENT TEAM WITH THE STRATEGY, PLANNING, EXECUTION AND/OR EVALUATION OF THE COLLEGE OF NATURAL RESOURCES' PHILANTHROPIC ACTIVITIES INCLUDING, BUT NOT LIMITED TO DAY OF GIVING, ANNUAL GIVING INITIATIVES, MAJOR GIFT FUNDRAISING, STEWARDSHIP PLANS, EVENTS, RELATIONSHIP AND PARTNERSHIP DEVELOPMENT, ETC.; II. DEVELOP PLANS TO ENGAGE FELLOW DIRECTORS IN PERSONAL GOAL SETTING, FUNDRAISING AND STEWARDSHIP ACTIVITIES; III. ASSIST THE STAFF, BOARD AND COLLEGE LEADERSHIP TEAM IN INCREASING THE VISIBILITY AND RECOGNITION OF THE CORPORATION AND COLLEGE AND THEIR RESPECTIVE GOALS AND STRATEGIC PLANS; IV. CREATE AND MAINTAIN A LINKAGE BETWEEN THE CORPORATION AND ANY CNR ADVISORY GROUPS. 6. RENAMED PURPOSES AND POWERS SECTION TO LAND AND TIMBER ASSETS SECTION AMD UPDATED THE DESCRIPTION: THE CORPORATION MAY OWN AND OPERATE LAND AND TIMBER ASSETS IN SUPPORT OF THE COLLEGE OF NATURAL RESOURCES. 7. REMOVED INCLUSION OF STRATEGIC GUIDANCE THAT INCLUDED THE ABILITY OF THE CORPORATION OF ACTIVELY ORGANIZING TO ENCOURAGE THE DONATION OF MONEY AND THE MAKING OF GIFTS TO THE CORPORATION TO ENABLE IT TO FURTHER CARRY OUT ITS OBJECTIVES AND PURPOSES. IN FURTHERANCE OF THESE PURPOSES, THE CORPORATION SHALL HAVE THE POWER TO RECEIVE AND ALLOCATE CONTRIBUTIONS, WITHIN THE DISCRETION OF THE BOARD OF DIRECTORS, TO ANY ORGANIZATION ORGANIZED AND OPERATED EXCLUSIVELY FOR SCIENTIFIC OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE OF 1986 OR THE CORRESPONDING SECTION OF ANY FUTURE INTERNAL REVENUE CODE (THE "CODE"). FORM 990, PART VI, SECTION A, LINE 7A THE TREASURER OF NC STATE UNIVERSITY (ALSO, "NC STATE"), A SENIOR ADMINISTRATIVE OFFICER OF NC STATE AND ALSO EX-OFFICIO TREASURER OF THE CORPORATION, WILL SERVE EX-OFFICIO AS A VOTING MEMBER OF THE BOARD. IN ADDITION, THE PRESIDENT OF THE CORPORATION, AND THE DEAN, COLLEGE OF NATURAL RESOURCES (ALSO, "CNR"), NC STATE, A SENIOR ACADEMIC OFFICER OF NC STATE, WILL SERVE EX-OFFICIO AS NONVOTING MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE AUDIT AND FINANCE COMMITTEE AND A COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IN ORDER TO MONITOR AND ENFORCE COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, NC STATE NATURAL RESOURCES FOUNDATION FOLLOWS THE FOLLOWING PRACTICES: 1) ALL TRANSACTIONS (OTHER THAN EXPENSE REIMBURSEMENTS) BETWEEN THE FOUNDATION AND A DIRECTOR, OFFICER, OR EMPLOYEE OF THE FOUNDATION, MUST BE AUTHORIZED AND APPROVED BY THE FOUNDATION'S BOARD OF DIRECTORS OR RATIFIED IN GOOD FAITH BY THE FOUNDATION'S BOARD OF DIRECTORS AT THE SUBSEQUENT MEETING FOLLOWING THE TRANSACTION. 2) NO FOUNDATION DIRECTOR, OFFICER, OR EMPLOYEE HAVING A DIRECT OR INDIRECT INTEREST IN ANY FOUNDATION BUSINESS TRANSACTION MAY BE INVOLVED IN THE DECISION WITH RESPECT TO WHETHER THE FOUNDATION SHOULD ENTER INTO SUCH TRANSACTION. FOR PURPOSES OF THIS SECTION, A DIRECTOR, OFFICER OR EMPLOYEE HAS AN INDIRECT INTEREST IN A TRANSACTION IF: (A) ANOTHER ENTITY IN WHICH HE HAS A MATERIAL FINANCIAL INTEREST OR IN WHICH HE IS A GENERAL PARTNER IS A PARTY TO THE TRANSACTION; OR (B) ANOTHER ENTITY OF WHICH HE IS A DIRECTOR, OFFICER, OR TRUSTEE IS A PARTY TO THE TRANSACTION AND THE TRANSACTION IS OR SHOULD BE CONSIDERED BY THE BOARD. 3) NO SCHOLARSHIP OR FELLOWSHIP AWARD MAY BE MADE TO A DIRECTOR, OFFICER, OR EMPLOYEE OF THE FOUNDATION OR TO A FAMILY MEMBER OF ANY SUCH PERSON UNLESS THE RECIPIENT OF THE AWARD IS DETERMINED BY AN INDEPENDENT AWARDS COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD MEMBERS THAT ARE COMPENSATED RECEIVE COMPENSATION FROM NC STATE UNIVERSITY, A 115(1) ORGANIZATION RELATED TO NC STATE NATURAL RESOURCES FOUNDATION. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS LISTED ON THE WEBSITE. THE FORM 1023 (WHICH WAS FILED PRIOR TO JULY 15, 1987) IS NOT PUBLICLY AVAILABLE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE: HTTPS://AEOPERATIONS.OFA.NCSU.EDU/NC-STATE-NATURAL-RESOURCES-FOUNDATION-INC. THE CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -52,357. THE NORTH CAROLINA AGRICULTURAL FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 566049304 SUPPORTS THE COLLEGE OF AGRICULTURE & LIFE SCIENCES AT NCSU NC 501(C)(3) LINE 5 N/A 0 NC STATE UNIVERSITY ALUMNI ASSOCIATION NCSU BOX 7207 RALEIGH NC 27695 566035544 PROMOTES ALUMNI AFFAIRS & AWARENESS OF NCSU IN THE COMMUNITY NC 501(C)(3) LINE 5 N/A 0 NC STATE ENGINEERING FOUNDATION NCSU BOX 7207 RALEIGH NC 27695 566046987 SUPPORTS THE COLLEGE OF ENGINEERING AT NCSU NC 501(C)(3) LINE 5 N/A 0 NORTH CAROLINA STATE UNIVERSITY FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 566049503 SUPPORTS THE VARIOUS COLLEGES WITHIN THE UNIVERSITY NC 501(C)(3) LINE 5 N/A 0 NC STATE UNIVERSITY COLLEGE OF SCIENCES NCSU BOX 7207 RALEIGH NC 27695 581524289 SUPPORTS THE COLLEGE OF SCIENCES AT NCSU NC 501(C)(3) LINE 5 N/A 0 NORTH CAROLINA TEXTILE FOUNDATION NCSU BOX 8301 RALEIGH NC 27695 566045324 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 581344473 PROVIDES FINANCIAL SUPPORT IN THE FIELD OF VETERINARY MEDICINE AT NCSU NC 501(C)(3) LINE 5 N/A 0 NC STATE INVESTMENT FUND INC NCSU BOX 7207 RALEIGH NC 27695 311607634 INVEST FUNDS OF NC STATE UNIVERSITY ENDOWMENT & RELATED FOUNDATIONS NC 501(C)(3) LINE 12A, I NORTH CAROLINA STATE UNIVERSITY 0 NC STATE UNIVERSITY PARTNERSHIP CORPORATION NCSU BOX 7207 RALEIGH NC 27695 561444287 SUPPORT ORGANIZATION OF NC STATE UNIVERSITY NC 501(C)(3) LINE 12A, I NORTH CAROLINA STATE UNIVERSITY 0 NORTH CAROLINA STATE UNIVERSITY NCSU BOX 7207 RALEIGH NC 27695 566000756 EDUCATION NC 115(1) N/A N/A 0 NC STATE UNIVERSITY STUDENT AID ASSOCIATION PO BOX 37100 RALEIGH NC 27627 560650623 SUPPORTS ATHLETIC PROGRAM AT NCSU NC 501(C)(3) LINE 5 N/A 0 CHARITABLE REMAINDER TRUSTS (2) ASSET INVESTMENT NC NC STATE NATURAL RESOURCES FOUNDATION T 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 NORTH CAROLINA STATE UNIVERSITY B 1839983 FMV NORTH CAROLINA STATE UNIVERSITY P 1022988 FMV