2026-02-09T11:06:03-06:00 2024-06-30 135565207 KPMG LLP 500 W 5TH ST STE 800 WINSTONSALEM NC 27101 990 2023-07-01 566057494 UNC HEALTH FOUNDATION INC UNCH 9199661201 123 W FRANKLIN STREET 510 CHAPEL HILL NC 27516 JON ANGIER CHIEF FINANCIAL OFFICER 9199661201 2026-02-09 1 0 ISAAC IRBY P02444754 3362753394 2023 2025-03-06 01:10:19Z X JON ANGIER 123 W FRANKLIN ST STE CHAPEL HILL NC 27516 77087643 0 X WWW.UNCHEALTHFOUNDATION.ORG X 1949 NC THE UNC HEALTH FOUNDATION, INC. SECURES FINANCIAL RESOURCES FOR THE UNC SCHOOL OF MEDICINE AND UNC HEALTH TO SUPPORT THE HIGHEST QUALITY CLINICAL CARE, LIFE-CHANGING RESEARCH AND INNOVATIVE EDUCATION. 35 34 0 50 0 0 49833230 55515266 0 0 6046510 6659837 1915930 759723 57795670 62934826 50174193 53710361 0 0 3634652 5077024 0 0 5807867 5787974 6525037 59596819 65312422 -1801149 -2377596 578700034 629790542 5129469 5838306 573570565 623952236 X AT UNC HEALTH FOUNDATION, WE INSPIRE PHILANTHROPIC SUPPORT FOR UNC HEALTH AND UNC SCHOOL OF MEDICINE THAT TRANSFORMS HEALTHCARE AND PROVIDES HOPE TO THE PEOPLE OF NORTH CAROLINA AND COMMUNITIES AROUND THE WORLD 0 0 53710361 53710361 904417 ORIGINALLY CHARTERED IN 1949 AS THE MEDICAL FOUNDATION OF NORTH CAROLINA, INC., UNC HEALTH FOUNDATION FOSTERS PHILANTHROPIC SUPPORT OF CLINICAL CARE, RESEARCH AND EDUCATION FOR AREAS ACROSS UNC HEALTH, INCLUDING UNC LINEBERGER COMPREHENSIVE CANCER CENTER, UNC CHILDREN'S, THE UNC SCHOOL OF MEDICINE AND MANY OTHER DIVISIONS, CENTERS AND INSTITUTES.AT UNC HEALTH FOUNDATION, WE WORK DILIGENTLY FOR THE MEDICALPROFESSIONALS AND HEALTH CARE PROVIDERS WHO IMPROVE HEALTH FOR ALL. WE POWER PHILANTHROPY TO SUPPORT THE HIGHEST QUALITY CLINICAL CARE, LIFE-CHANGING RESEARCH AND INNOVATIVE EDUCATION AT HOME AND AROUND THE WORLD.IN THE PAST FISCAL YEAR, THE FOUNDATION RECEIVED MORE THAN 25,000 GIFTS FROM OVER 20,000 DONORS. CULTIVATION AND STEWARDSHIP PROGRAMS ACROSS THE FOUNDATION INCLUDE RECOGNITION SOCIETIES, DONOR WALLS, ANNUAL REPORTS AND ENDOWMENT IMPACT REPORTS. THE DEVELOPMENT STAFF PERSONALLY ENGAGED WITH DONORS THROUGH PHONE CALLS AND VISITS, ALSO CULTIVATING RELATIONSHIPS THROUGH OUTREACH PROGRAMS AND EVENTS, BOTH ON AND OFF CAMPUS.THE UNC HEALTH FOUNDATION MANAGES OVER 1,600 FUNDS, COMPRISED OF ENDOWED, RESTRICTED AND UNRESTRICTED ACCOUNTS. THESE FUNDS SUPPORT THE EXISTING AND EMERGING NEEDS OF UNC HEALTH: RESEARCH, PATIENT CARE AND FAMILY SUPPORT, AND SCHOLARSHIPS.THE PHYSICIANS, SCIENTISTS AND RESEARCHERS AT UNC HEALTH CONSTANTLY STRIVE TO DISCOVER BETTER WAYS TO CARE FOR PATIENTS THROUGH PREVENTING AND TREATING DISEASE. THE FUNDS RAISED BY UNC HEALTH ARE ESSENTIAL TO THE CONTINUED SUCCESS AND PROJECTED NEED FOR BETTER ACCESS TO CARE, BETTER TREATMENTS AND BETTER OUTCOMES. 53710361 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 140 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 35 34 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JON ANGIER 9199669692 123 W FRANKLIN STREET SUITE 510 HILL NC 27516 X LESLIE H NELSON-BERNIER CHIEF PHILANTHROPY & PRES 40.00 0.00 X X 436654 0 66487 DR CAM ENARSON MBA DIRECTOR 1.00 0.00 X 0 0 0 DR FRED M DULA DIRECTOR 1.00 0.00 X 0 0 0 DR JOHN A KIRKLAND JR DIRECTOR - BOARD CHAIR 1.00 0.00 X X 0 0 0 DR LISA GILLESPIE DIRECTOR 1.00 0.00 X 0 0 0 DR STEPHANIE DAVIS DIRECTOR 1.00 0.00 X 0 0 0 DR TERRI PHILLIPS DIRECTOR 1.00 0.00 X 0 0 0 DR WESLEY BURKS DIRECTOR 1.00 0.00 X 0 0 0 DR WESLEY C FOWLER JR DIRECTOR 1.00 0.00 X 0 0 0 MR BOB WINSTON DIRECTOR 1.00 0.00 X 0 0 0 MR BRYAN LEWIS DIRECTOR 1.00 0.00 X 0 0 0 MR BUZZ HEIDT DIRECTOR - TREASURER 1.00 0.00 X X 0 0 0 MR D RUSSELL HARRIS DIRECTOR 1.00 0.00 X 0 0 0 MR DANIEL DUFFY DIRECTOR 1.00 0.00 X 0 0 0 MR E HOOPER HARDISON JR DIRECTOR 1.00 0.00 X 0 0 0 MR ED MCMAHAN DIRECTOR 1.00 0.00 X 0 0 0 MR EDWARD HOLMES DIRECTOR 1.00 0.00 X 0 0 0 MR GRAY REED DIRECTOR 1.00 0.00 X 0 0 0 MR J CARLTON SHOWALTER DIRECTOR 1.00 0.00 X 0 0 0 MR MICHAEL ANDREASEN DIRECTOR 1.00 0.00 X 0 0 0 MR RICHARD H MOORE DIRECTOR 1.00 0.00 X 0 0 0 MR RONALD A BATCHELOR DIRECTOR 1.00 0.00 X 0 0 0 MR SAM SIMPSON DIRECTOR 1.00 0.00 X 0 0 0 MR STEVE SKOLSKY DIRECTOR 1.00 0.00 X 0 0 0 MR VICTOR KATS DIRECTOR 1.00 0.00 X 0 0 0 MR WELFORD TABOR DIRECTOR 1.00 0.00 X 0 0 0 MS ANNE POWELL DIRECTOR 1.00 0.00 X 0 0 0 MS BILLIE STALLINGS DIRECTOR 1.00 0.00 X 0 0 0 MS JANET HADAR DIRECTOR 1.00 0.00 X 0 0 0 MS JOYCE POPE DIRECTOR 1.00 0.00 X 0 0 0 MS KAREN ALBRITTON DIRECTOR 1.00 0.00 X 0 0 0 MS MACHELLE SANDERS DIRECTOR 1.00 0.00 X 0 0 0 MS MARGARET DE ST AUBIN DIRECTOR 1.00 0.00 X 0 0 0 MS MELISSA DANIELS DIRECTOR 1.00 0.00 X 0 0 0 MS SHAWNA CANNON LEMON DIRECTOR 1.00 0.00 X 0 0 0 JON ANGIER CFO 40.00 0.00 X 82872 0 7825 ROBERT MATTHEW CAIN SNR EX DIR DEVELOP 40.00 0.00 X 178500 0 32032 MARTIN ALEXANDER BAUCOM VP, TRANSFORMATIONAL GIVING 40.00 0.00 X 249674 0 41970 AIME C MITCHELL EX DIR OPERATIONS 40.00 0.00 X 173435 0 31325 KARA RAYNOR VP FOR PHILANTHROPY 40.00 0.00 X 176500 0 31776 ELIZABETH H GALL AVP FOR PHILANTHROPY 40.00 0.00 X 209926 0 36420 1507561 0 247835 22 0 1 1 COMMUNITY COUNSELLING SERVICE CO LLC 527 MADISON AVENUE 5TH FL NEW YORK NY 10022 STRATEGIC CONSULTING 890530 1 853491 54661775 5298169 55515266 7549515 7549515 12802626 13692304 -889678 -889678 -889678 315819 853491 460513 -144694 -144694 MISC. REVENUE 904417 904417 904417 62934826 904417 0 6515143 50297892 50297892 3412469 3412469 629163 629163 3201178 1899956 1301222 507616 379551 128065 498682 332734 165948 240385 158859 81526 95398 95398 83200 83200 1162656 941841 220815 863629 215238 648391 214537 145724 68813 592093 581399 10694 126559 12645 113914 752602 116444 636158 83212 83212 31177 31177 DEVELOPMENT ASSESSMENT 2355140 2355140 MISCELLANEOUS 164834 87653 77181 65312422 53710361 5794194 5807867 33323232 25156065 39555862 35316849 709662 457026 310623 252636 139157571 172618930 358576888 384815324 7775858 11630738 578700034 629790542 2023817 3245367 3105652 2592939 5129469 5838306 X 26837612 30876714 546732953 593075522 573570565 623952236 578700034 629790542 X -2377596 50716216 2043051 X 0 1 X 1 0 X 26248664 50568460 81830451 49833230 55515266 263996071 4251983 2744476 2981232 3957352 3915998 17851041 30500647 53312936 84811683 53790582 59431264 281847112 40805863 241041249 5443320 5747147 9929579 6598633 7549515 35268194 651801 719946 1013638 2355511 1220236 5961132 323076438 0.74610 0.75160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 331185761 8057727 38273887 17346378 360170997 326660125 13589612 6825461 15889437 331185761 336785442 10834377 -8777299 12182395 326660125 247066527 12248008 87778660 10307753 336785442 234797526 15218140 8848259 11797398 247066527 0.03820 0.55550 0.40630 0 0 709662 457026 252636 252636 INVESTMENTS-UNCIF 265578024 F ALT. INVESTMENTS 52430128 F GOVERNMENT SECURITIES 42932778 F ANNUITY CONTRACTS 13842702 F COMMON STOCK 10031692 F 384815324 LIABILITIES UNDER CHARITABLE REMAINDER TRUSTS 44650 OPERATING LEASE LIABILITY 2548289 2592939 X 120070604 50716216 3915998 2043051 56675265 63395339 -460513 -460513 62934826 69688933 3915998 460513 4376511 65312422 0 65312422 PART V, LINE 4: INTENDED USE OF ENDOWMENT FUNDS ENDOWMENT FUNDS ARE USED FOR MEDICAL EDUCATION, FACULTY SUPPORT, PATIENT ASSISTANCE AND RESEARCH. PART X, LINE 2: FIN 48 DISCLOSURE THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), EXCEPT ON INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. AT JUNE 30, 2024 AND 2023, THE FOUNDATION HAS NOT RECORDED ANY TAX LIABILITIES. THE FOUNDATION REVIEWS ITS TAX POSITIONS ANNUALLY AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS AT JUNE 30, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 2,043,051. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE -460,513. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 460,513. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 22800000 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 788000 0 0 0 0 0 0 23588000 0 23588000 1 0 1 1 1 0 GOLF TOURNAMENT 491300 303200 188100 268609 KID'S CAMP 262323 228723 33600 38139 4019 4 415687 321568 94119 30628 119118 1169310 853491 315819 68767 391746 460513 -144694 1 UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL 209 SOUTH RD CHAPEL HILL NC 27599 566001393 501(C)(3) 46361945 0 N/A N/A SEE PART IV UNIVERSITY OF NORTH CAROLINA HEALTH CARE SYSTEM 101 MANNING DRIVE CHAPEL HILL NC 27514 562206970 501(C)(3) 1935947 0 N/A N/A SEE PART IV 2 SCHOLARSHIPS AND AWARDS 728 3412469 N/A N/A PART I, LINE 2: MONITORING THE USE OF GRANT FUNDS MANAGEMENT AT THE UNC HEALTH FOUNDATION AND THE UNC-CH SCHOOL OF MEDICINE/UNC HOSPITALS ARE RESPONSIBLE FOR APPROVING AND MAINTAINING SUPPORTING DOCUMENTATION OF GRANT REQUESTS AND DISBURSEMENTS. SCHEDULE I, PART II, COLUMN H: PURPOSE OF GRANT OR ASSISTANCE SUPPORT EDUCATIONAL, RESEARCH AND PATIENT CARE EFFORTS OF THE UNC-CH SCHOOL OF MEDICINE AND UNC HOSPITALS. 0 0 0 0 0 0 0 0 0 LESLIE H NELSON-BERNIER CHIEF PHILANTHROPY & PRES 353228 0 83426 0 0 0 46092 0 20395 0 503141 0 0 0 MARTIN ALEXANDER BAUCOM VP, TRANSFORMATIONAL GIVING 249674 0 0 0 0 0 34861 0 7109 0 291644 0 0 0 ELIZABETH H GALL AVP FOR PHILANTHROPY 209926 0 0 0 0 0 29311 0 7109 0 246346 0 0 0 ROBERT MATTHEW CAIN SNR EX DIR DEVELOP 178500 0 0 0 0 0 24923 0 7109 0 210532 0 0 0 KARA RAYNOR VP FOR PHILANTHROPY 158355 0 18145 0 0 0 24667 0 7109 0 208276 0 0 0 AIME C MITCHELL EX DIR OPERATIONS 173435 0 0 0 0 0 24216 0 7109 0 204760 0 0 0 SCHEDULE J, PART II: UNRELATED ORGANIZATION COMPENSATION THE ORGANIZATION EMPLOYEES RECEIVE COMPENSATION AND BENEFITS FROM THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL AND UNC HEALTH, AN UNRELATED ORGANIZATION PER 990 INSTRUCTIONS. THEIR COMPENSATION IS DETERMINED IN ACCORDANCE WITH THE PAY AND EMPLOYEE BENEFIT PRACTICES OF THE NORTH CAROLINA STATE GOVERNMENT. UNC HEALTH HR ALSO DOES AN ANNUAL MARKET SURVEY TO DETERMINE COMPENSATION. THE EXECUTIVE COMMITTEE AND FOUNDATION PRESIDENT REVIEWED IT IS AT OR BELOW THE LOCAL MARKET RATE OF OTHER COMPARABLE NON-PROFIT ORGANIZATIONS. THE FOUNDATION PROVIDED COMPENSATION INFORMATION TO THE EXECUTIVE COMMITTEE TO REVIEW FOR FY2024. COMPARATIVE BENCHMARKS WERE PROVIDED FROM THE AAMC AND UNIVERSITY OF NORTH CAROLINA THAT WERE COMPARED TO ACTUAL SALARIES PAID. IT WAS DETERMINED THAT THE SALARIES WERE IN LINE WITH THE BENCHMARKS. X 110 5298169 FMV 0 1 1 PART I, LINE 32B: THIRD PARTY UTILIZED THE FOUNDATION UTILIZES EXTERNAL BROKERS TO PROCESS AND SELL DONATED SECURITIES. FORM 990, PART VI, SECTION A, LINE 4 PRIOR TO FY24, EX-OFFICIO BOARD MEMBERS DID NOT HAVE VOTING RIGHTS. HOWEVER, DURING FY24, THE BY-LAWS WERE UPDATED TO GRANT VOTING RIGHTS TO EX-OFFICIO BOARD MEMBERS. THEREFORE, THE NUMBER OF VOTING BOARD MEMBERS INCREASED FROM 30 TO 35. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF FORM 990 THE FOUNDATION'S FORM 990 IS POSTED TO A SECURE PORTAL ON ITS WEBSITE AND AVAILABLE FOR REVIEW BY ALL BOARD MEMBERS FOR APPROXIMATELY FIVE BUSINESS DAYS BEFORE THE RETURN IS FILED WITH THE IRS. THE FOUNDATION'S AUDIT COMMITTEE REVIEWS THE FORM 990 WITH THE FOUNDATION'S OUTSIDE AUDITORS, AND, UPON APPROVAL BY THE AUDIT COMMITTEE, THE FINAL FORM 990 IS SUBMITTED FOR FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY THE FOUNDATION HAS A WRITTEN CONFLICT OF INTEREST POLICY. ALL BOARD MEMBERS ARE REQUESTED TO COMPLETE AND SIGN A CONFLICT-OF-INTEREST POLICY FORM ON AN ANNUAL BASIS. COMPLIANCE IS MONITORED, AND THE FOUNDATION HAS POLICIES AND PROCEDURES IN PLACE TO ENSURE BOARD COMPLIANCE WITH CONFLICT-OF-INTEREST RESPONSES. FORM 990, PART VI, SECTION B, LINE 15 DETERMINING COMPENSATION EMPLOYEES OF THE UNC HEALTH FOUNDATION ARE LEASED FROM THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL AND FROM UNC HEALTH. THEIR COMPENSATION IS DETERMINED IN ACCORDANCE WITH THE PAY AND EMPLOYEE BENEFIT PRACTICES OF THE NORTH CAROLINA STATE GOVERNMENT. UNC HEALTH HR ALSO DOES AN ANNUAL MARKET SURVEY TO DETERMINE COMPENSATION. THE EXECUTIVE COMMITTEE AND FOUNDATION PRESIDENT REVIEWED THE COMPENSATION PAID TO EACH FOUNDATION EMPLOYEE AND DETERMINED THAT IT IS AT OR BELOW THE LOCAL MARKET RATE OF OTHER COMPARABLE NON-PROFIT ORGANIZATIONS. THE FOUNDATION PROVIDED COMPENSATION INFORMATION TO THE EXECUTIVE COMMITTEE TO REVIEW FOR FY24. COMPARATIVE BENCHMARKS WERE PROVIDED FROM THE AAMC AND UNIVERSITY OF NORTH CAROLINA THAT WERE COMPARED TO ACTUAL SALARIES PAID. IT WAS DETERMINED THAT THE SALARIES WERE IN LINE WITH THE BENCHMARKS. FORM 990, PART VI, SECTION C, LINE 19 DISCLOSURE OF GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO PUBLIC IT IS NOT PART OF THE UNC HEALTH FOUNDATION'S WRITTEN POLICIES TO MAKE THESE DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART VII, SECTION A: COMPENSATION INFORMATION SALARIES, PAYROLL TAXES AND BENEFITS FOR THE UNC HEALTH FOUNDATION EMPLOYEES ARE PAID BY THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL (THE UNIVERSITY) AND BY UNC HEALTH. THE FOUNDATION REIMBURSES THE UNIVERSITY AND UNC HEALTH FOR A PORTION OF THESE PERSONNEL COSTS. THE REMAINDER OF SALARIES, PAYROLL TAXES AND BENEFITS ARE CONTRIBUTED SERVICES. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 2,043,051. FORM 990, BOX B, EXPLANATION FOR AMENDED RETURN: AMENDING RETURN TO UPDATE BOARD LISTING AND ATTACH REQUIRED FOREIGN FILINGS. GROVER C DALE MD MEDICAL RESEARCH TRUST 123 W FRANKLIN STREET SUITE CHAPEL HILL NC 27516 311474626 RESEARCH NC 501(C)(3) 12 UNC HEALTH 1 GROVER C DALE MD SCHOLARSHIP TRUST 123 W FRANKLIN STREET SUITE CHAPEL HILL NC 27516 311474625 SCHOLARSHIPS NC 501(C)(3) 12 UNC HEALTH 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NA