Unc Health Foundation Inc

Organization Overview

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.

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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Unc Hospital
Support Payments
$1,993,373
Amergent Inc
Consultant
$473,495
Carolina Square Project Lp
Rent
$215,625
Suntrust Bank
Credit Cards
$119,639
View All Vendors

Financial Statements

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

Grants Awarded

Over the last fiscal year, Unc Health Foundation Inc has awarded $46,737,969 in support to 2 organizations.

Grant RecipientAmount

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
View Grant Profile

Peer Organizations

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Atlanta, GA
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$338,678,106
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Nc State Investment Fund Inc
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$192,914,509
Spelman College Special Ventures Fund Inc
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$24,739,812
Unc Health Foundation Inc
Chapel Hill, NC
$57,795,670
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$58,179,251
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University Of Memphis Foundation
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Virginia Commonwealth University College Of Engineering Foundation
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$12,076,889
Securing Assets For Education
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$31,709,846
University Of Virginia Investment Management Company
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$961,602,712
University Of Virginia Law School Foundation
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$37,875,854

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