Unc Health Foundation Inc is located in Chapel Hill, NC. The organization was established in 1951. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Unc Health Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Unc Health Foundation Inc generated $57.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $59.6m during the year ending 06/2023. While expenses have increased by 18.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORIGINALLY CHARTERED IN 1949 AS THE MEDICAL FOUNDATION OF NORTH CLINICAL 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 28,000 GIFTS FROM OVER 12,000 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 1500 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dr Stephanie Davis Director | Trustee | 1 | $0 |
Dr Fred M Dula Director | Trustee | 1 | $0 |
Mr R Gordon Grubb Director | Trustee | 1 | $0 |
Mr D Russell Harris Director | Trustee | 1 | $0 |
Mr J Carlton Showalter Director | Trustee | 1 | $0 |
Ms Karen Albritton Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Unc Hospital Support Payments | 6/29/18 | $1,993,373 |
Amergent Inc Consultant | 6/29/18 | $473,495 |
Carolina Square Project Lp Rent | 6/29/18 | $215,625 |
Suntrust Bank Credit Cards | 6/29/18 | $119,639 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $934,662 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $48,898,568 |
Noncash contributions included in lines 1a–1f | $6,142,430 |
Total Revenue from Contributions, Gifts, Grants & Similar | $49,833,230 |
Total Program Service Revenue | $0 |
Investment income | $6,598,633 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$552,123 |
Net Income from Fundraising Events | -$157,072 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $57,795,670 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $46,737,969 |
Grants and other assistance to domestic individuals. | $3,436,224 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $411,734 |
Compensation of current officers, directors, key employees. | $411,734 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,307,243 |
Pension plan accruals and contributions | $383,362 |
Other employee benefits | $350,230 |
Payroll taxes | $182,083 |
Fees for services: Management | $0 |
Fees for services: Legal | $46,604 |
Fees for services: Accounting | $72,510 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $857,344 |
Advertising and promotion | $0 |
Office expenses | $836,428 |
Information technology | $182,287 |
Royalties | $0 |
Occupancy | $616,961 |
Travel | $143,271 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $396,258 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $80,312 |
Insurance | $38,695 |
All other expenses | $0 |
Total functional expenses | $59,596,819 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $33,323,232 |
Pledges and grants receivable | $39,555,862 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $310,623 |
Investments—publicly traded securities | $139,157,571 |
Investments—other securities | $358,576,888 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $7,775,858 |
Total assets | $578,700,034 |
Accounts payable and accrued expenses | $2,023,817 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $3,105,652 |
Total liabilities | $5,129,469 |
Net assets without donor restrictions | $26,837,612 |
Net assets with donor restrictions | $546,732,953 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $578,700,034 |
Over the last fiscal year, Unc Health Foundation Inc has awarded $46,737,969 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL PURPOSE: SEE PART IV | $46,048,008 |
UNIVERSITY OF NORTH CAROLINA HEALTH CARE SYSTEM PURPOSE: SEE PART IV | $689,961 |