2021-11-12T14:33:36-06:00 2021-06-30 135565027 KPMG LLP 500 W 5TH ST STE 800 WINSTONSALEM NC 27101 990 2020-07-01 586033837 THE UNIVERSITY OF GEORGIA FOUNDATION UNIV 7065426677 1 PRESS PLACE NO 101 ATHENS GA 30602 E BRETT JACKSON CFO 7065426677 2021-11-15 1 E BRETT JACKSON 999009999 SHAWN M HUTCHINSON P01048557 3362753394 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z E BRETT JACKSON 1 PRESS PLACE SUITE ATHENS GA 30602 449111507 0 X WWW.UGAFOUNDATION.ORG X 1937 GA TO PROVIDE SUPPORT FOR THE TEACHING, RESEARCH, PUBLIC SERVICE AND OUTREACH PROGRAMS OF THE UNIVERSITY OF GEORGIA. 42 40 0 50 -3465628 -3512647 95326297 119315500 1369349 1426650 22464024 95790187 6919603 8402562 126079273 224934899 88045303 76410285 0 0 0 0 0 0 1437902 16300528 10858920 104345831 87269205 21733442 137665694 1437926108 1902716791 90419616 100884420 1347506492 1801832371 X SEE SCHEDULE O 0 0 80491793 76410285 4754688 THE UNIVERSITY OF GEORGIA FOUNDATION ("THE FOUNDATION") WAS CHARTERED IN 1937 TO ESTABLISH AND MAINTAIN ENDOWMENTS FOR THE SUPPORT OF THE ACADEMIC PROGRAMS OF THE UNIVERSITY OF GEORGIA. THE FOUNDATION MANAGES FUNDS ESTABLISHED WITH THE FOUNDATION IN ACCORDANCE WITH THE INSTRUCTIONS OF THE DONOR AND PROVIDES FINANCIAL SUPPORT UPON REQUEST TO THE UNIVERSITY OF GEORGIA FOR SCHOLARSHIPS, FACULTY SALARY SUPPLEMENT, AWARDS AND LECTURESHIPS AND OPERATING PROGRAMS INVOLVING FUNDRAISING AND CONSTITUENT RELATIONS. 80491793 1 1 0 0 0 0 1 1 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 150 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 42 40 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X X E BRETT JACKSON 7065426677 1 PRESS PLACE SUITE 101 ATHENS GA 30602 ALLISON AUSBAND TRUSTEE 2.00 0.00 X 0 0 0 ELEANOR BANISTER TRUSTEE 1.00 0.00 X 0 0 0 DAVID BATTLE TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL BOUDENS TRUSTEE 3.00 0.00 X 0 0 0 CHRIS BROWN TRUSTEE 2.00 0.00 X 0 0 0 LEAH BROWN TRUSTEE 1.00 0.00 X 0 0 0 MARK CHANDLER TRUSTEE 2.00 0.00 X 0 0 0 JAMES CHILDS TRUSTEE 2.00 0.00 X 0 0 0 GUYTON COCHRAN TRUSTEE 1.00 0.00 X 0 0 0 VICTOR CORRIGAN TRUSTEE 1.00 0.00 X 0 0 0 RICHARD COURTS TRUSTEE 1.00 0.00 X 0 0 0 BETSY COX TRUSTEE 1.00 0.00 X 0 0 0 JOHN CRAWFORD CHAIR 8.00 0.00 X X 0 0 0 JIM DINKINS TRUSTEE 2.00 0.00 X 0 0 0 BILL DOUGLAS TRUSTEE 1.00 0.00 X 0 0 0 HILL FEINBERG TRUSTEE 2.00 0.00 X 0 0 0 ELISHA FINNEY TRUSTEE 1.00 0.00 X 0 0 0 BRIAN DILL EX-OFFICIO TRUSTEE 1.00 0.00 X 0 0 0 JENNIFER FLANAGAN TRUSTEE 1.00 0.00 X 0 0 0 MITCHELL GREEN TRUSTEE 2.00 0.00 X 0 0 0 STEPHEN JOINER SECRETARY 2.00 0.00 X X 0 0 0 STEVE JONES STRATEGIC VICE CHAIR 2.00 0.00 X 0 0 0 NANCY JUNEAU TRUSTEE 2.00 0.00 X 0 0 0 KEITH KELLY TRUSTEE 1.00 0.00 X 0 0 0 SETH KNIGHT TRUSTEE 1.00 0.00 X 0 0 0 CHARLES KNOX TRUSTEE 1.00 0.00 X 0 0 0 JOHN MANGAN TRUSTEE 2.00 0.00 X 0 0 0 TED MCMULLAN TRUSTEE 1.00 0.00 X 0 0 0 JERE MOREHEAD EX-OFFICIO TRUSTEE - PRESIDENT 3.00 37.00 X 0 683506 252999 JOHN PARKER TRUSTEE 2.00 0.00 X 0 0 0 RICK PENNELL TRUSTEE 2.00 0.00 X 0 0 0 NEAL QUIRK EXECUTIVE VICE-CHAIR 6.00 0.00 X X 0 0 0 ELIZABETH CORRELL RICHARDS TRUSTEE 1.00 0.00 X 0 0 0 JOHN SCHRAUDENBACH TRUSTEE 1.00 0.00 X 0 0 0 JODI SELVEY TRUSTEE 1.00 0.00 X 0 0 0 DAVID SHIPLEY EX-OFFICIO TRUSTEE 1.00 39.00 X 0 314521 46792 BONNEY SHUMAN TREASURER 4.00 0.00 X X 0 0 0 DOROTHY SIFFORD TRUSTEE 1.00 0.00 X 0 0 0 KIM STAMPER TRUSTEE 1.00 0.00 X 0 0 0 BARRY STOREY OPERATIONAL VICE CHAIR 2.00 0.00 X 0 0 0 DEE YANCEY TRUSTEE 1.00 0.00 X 0 0 0 HOWARD YOUNG TRUSTEE 1.00 0.00 X 0 0 0 JASON A BULL CIO 40.00 0.00 X 0 262922 83338 BRETT JACKSON CFO 20.00 20.00 X 0 159080 63749 KELLY KERNER EXECUTIVE DIRECTOR 15.00 25.00 X 0 380966 56398 0 1800995 503276 0 1 1 0 PRIME BUCHHOLZ LLC 273 CORPORATE DRIVE PORTSMOUTH NH 03801 INVESTING SERVICES 407240 KPMG LLP DEPT 0608 PO BOX 120608 DALLAS TX 75312 AUDIT SERVICES 404361 BLACKBAUD INC 2000 DANIEL ISLAND DRIVE CHARLESTON SC 29491 CRM SERVICE 231994 LOS ATLANTA HOLDINGS LLC 3475 LENOX ROAD SUITE 275 ATLANTA GA 30326 RENT FOR OLO BUILDING 135597 VANDERKLOOT FILM & TELEVISION INC 931 MONROE DRIVE NE STE A102-337 ATLANTA GA 30308 PRODUCTION SERVICE 101038 5 466979 5267832 113580689 15555896 119315500 RENTS FROM STUDY ABROAD 531110 1066306 1066306 INVESTMENT FEE FROM RELATED ORG 525990 283967 283967 EVENT REGISTRATIONS 900099 76377 76377 1426650 16314501 -3465628 19780129 4977035 4977035 302185595 1391977 223224496 877390 78961099 514587 79475686 79475686 172211 466979 74722 97489 97489 RETURN OF PY BUILDING FUNDS 900099 1876284 1876284 OTHER 900099 787204 787204 GA DEPT OF REV LICENSE PLATES 900099 664550 664550 3328038 224934899 4754688 -3465628 104330339 76410285 76410285 67364 25618 41746 231000 231000 621600 621600 472527 221877 22847 227803 480342 295791 37376 147175 160802 95369 28382 37051 194544 194544 1103403 921710 71174 110519 23247 3500 1698 18049 615437 348159 121197 146081 631070 631070 41863 41863 REIMBURSEMENTS TO UGA 4293534 4122406 171128 OTHER 941482 556720 35435 349327 TRANSFERS AND DISTRIBUT 633420 633420 MONETARY AWARDS 246637 246637 100648 59774 4649 36225 87269205 80491793 5339510 1437902 34802627 26855006 124723292 164780100 76372496 91739808 1921310 2896616 252805 294978 135353 533743 40513466 10314444 31573683 30199022 616077731 767610181 547065578 812482319 5001233 5325018 1437926108 1902716791 5603915 6899493 817234 562516 14496642 13958821 69501825 79463590 90419616 100884420 X 145785156 206344219 1201721336 1595488152 1347506492 1801832371 1437926108 1902716791 X 137665694 314802558 1857627 X 0 1 X 1 0 X 110652088 127751893 119046769 95326297 119315500 572092547 110652088 127751893 119046769 95326297 119315500 572092547 16980676 555111871 10836195 19515117 23713897 22851094 22357842 99274145 2707351 3588058 5910657 3564042 3860593 19630701 690997393 0.80330 0.79660 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2016 AMOUNT: $ 2,707,351. 2017 AMOUNT: $ 3,588,058. 2018 AMOUNT: $ 5,910,657. 2019 AMOUNT: $ 3,564,042. 2020 AMOUNT: $ 3,860,593. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 111.58 1 1 0 2322808 X X 0 1159933743 50005211 406666583 42100330 1574505207 1137691331 43712059 14408063 35877710 1159933743 1066361473 59202967 45282747 33155856 1137691331 947345264 70663428 81200384 32847603 1066361473 821420232 67487794 103484309 32598589 959793746 0.12230 0.42860 0.44910 0 0 13646662 13646662 18929163 6305199 12623964 4033632 4009245 24387 3904009 3904009 30199022 CASH & ST INVESTMENTS 151213669 F MARKETABLE ALTERNATIVES 344129398 F NON-MARKETABLE ALTS 310067819 F SPLIT INT INVMTS 1268871 F COMMINGLED FIXED INCOME 97036 F BEN INT IN PERP TRUST 5705526 F 812482319 FUNDS HELD FOR OTHERS 68027510 DEFERRED GIFT OBLIGATIONS 8719009 DERIVATIVE FINANCIAL INSTRUMEN 2717071 79463590 X 541148506 314802558 314802558 226345948 521300 -1932349 -1411049 224934899 86822627 74722 74722 86747905 521300 521300 87269205 PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE OF ANNUITIES 645,293. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE -122,877. CHANGE IN FAIR VALUE OF DERIVATIVES -1,266,518. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST -1,113,525. FUNDRAISING EXPENSE -74,722. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 74,722. SCHEDULE D, PART II, LINE 9: CONSERVATION EASEMENT THE FOUNDATION HOLDS ONE CONSERVATION EASEMENT. THE PERPETUAL CONSERVATION EASEMENT CONSISTS OF 111.584 ACRES LOCATED IN MADISON COUNTY, GEORGIA. THE PURPOSES OF THE CONSERVATION EASEMENT ARE TO PRESERVE AND PROTECT THE CONSERVATION VALUES OF THE PROPERTY AND TO MAINTAIN PERMANENTLY THE DOMINANT WOODLAND, SCENIC, OPEN AND NATURAL CHARACTER OF THE PROPERTY, INCLUDING LAND AND WATER RESOURCES; TO PROTECT PLANTS AND ANIMALS AND PLANT AND ANIMAL COMMUNITIES ON OR AFFECTED BY THE PROPERTY'S MANAGEMENT; AND TO PREVENT ANY USE OF THE PROPERTY THAT WILL SIGNIFICANTLY IMPAIR OR INTERFERE WITH THE CONSERVATION VALUES OR INTERESTS OF THE PROPERTY. SCHEDULE D, PART III, LINE 4: ORGANIZATION'S ART COLLECTIONS WORKS OF ART RECORDED ON THE UGA FOUNDATION'S BALANCE SHEET ARE MAINTAINED BY THE UNIVERSITY OF GEORGIA'S, GEORGIA MUSEUM OF ART, THE OFFICIAL COLLECTOR AND KEEPER OF IMPORTANT WORKS OF ART FOR THE UNIVERSITY, TO CARE AND USE THE WORK FOR MUSEUM PURPOSES. THE MUSEUM MAINTAINS AND MANAGES A PERMANENT COLLECTION OF ART. WORKS NOT MEETING MUSEUM STANDARDS MAY STILL BE DETERMINED OF VALUE TO THE UNIVERSITY FOR DECORATIVE, INSTRUCTIONAL OR RESALE PURPOSES. ALL WORKS OF ART ARE HELD FOR FURTHER BENEFIT OF THE UNIVERSITY. SCHEDULE D, PART V, LINE 4: ENDOWMENT FUNDS THE ENDOWMENTS ARE MAINTAINED TO SUPPORT THE ACADEMIC PURPOSES OF THE UNIVERSITY OF GEORGIA, INCLUDING SCHOLARSHIPS, FELLOWSHIPS, AWARDS, LECTURESHIPS, RESEARCH, TRAINING AND PROFESSORSHIPS. SCHEDULE D, PART X, LINE 2: FIN 48 (ASC 740) DISCLOSURE THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(A) AS A NONPROFIT ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3). THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE FOUNDATION IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE IRC. THE FOUNDATION IS SUBJECT TO FEDERAL INCOME TAX ON UNRELATED BUSINESS INCOME. THE FOUNDATION DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX POSITIONS THAT SHOULD BE RECOGNIZED IN THE FINANCIAL STATEMENTS FOR 2021 AND 2020. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 227316000 EUROPE (INCLUDING ICELAND & GREENLAND) INVESTMENTS 22828000 0 0 0 0 0 0 250144000 0 250144000 1 0 1 1 1 0 PART III ACCOUNTING METHOD: GALA 282750 164886 117864 477 31909 BALL 153345 142466 10879 1000 8194 7 203095 159627 43468 14876 18266 639190 466979 172211 16353 58369 74722 97489 0 THE UNIVERSITY OF GEORGIA BROAD STREET ATHENS GA 30602 586001998 GOVT 54006241 SCHOLARSHIPS & OTHER SUPPORT NATIONAL MERIT SCHOLARSHIP PO BOX 99389 CHICAGO IL 60692 362307745 501(C)(3) 99250 SCHOLARSHIPS UGA ATHLETIC ASSOCIATION 1 SELIG CIRCLE BUTTS MEHRE BUILDING BUILDING ATHENS GA 30602 580652581 501(C)(3) 22294794 SCHOLARSHIPS & CONSTRUCTION USG FOUNDATION 270 WASHINGTON ST SW NO 7002 ATLANTA GA 30334 586333106 501(C)(3) 10000 SUPPORT FOR CREATION OF A NEEDS-BASED SCHOLARSHIP 4 SCHEDULE I, PART I, QUESTION 2 MONITORING THE USE OF GRANT FUNDS THE GRANTS MADE BY THE UNIVERSITY OF GEORGIA FOUNDATION WERE MADE TO THE UNIVERSITY OF GEORGIA, RELATED ORGANIZATIONS AND PUBLIC CHARITIES FOR USE IN THEIR EXEMPT MISSION. ACCORDINGLY, THE UNIVERSITY OF GEORGIA FOUNDATION EXPECTS THE RECIPIENTS TO USE THE FUNDS FOR PROPER PURPOSES, AND AS SUCH, DOES NOT SUBSEQUENTLY MONITOR THE GRANTS. 0 1 0 0 0 0 0 0 0 JERE MOREHEAD EX-OFFICIO TRUSTEE - PRESIDENT 0 682506 0 0 0 1000 0 244088 0 8911 0 936505 0 0 KELLY KERNER EXECUTIVE DIRECTOR 0 380966 0 0 0 0 0 26334 0 30064 0 437364 0 0 DAVID SHIPLEY EX-OFFICIO TRUSTEE 0 314521 0 0 0 0 0 26334 0 20458 0 361313 0 0 JASON A BULL CIO 0 262922 0 0 0 0 0 54990 0 28348 0 346260 0 0 BRETT JACKSON CFO 0 159080 0 0 0 0 0 34475 0 29274 0 222829 0 0 SCHEDULE J, PART I, LINE 1A: HEALTH OR SOCIAL CLUB DUES FROM TIME TO TIME, THE UNIVERSITY OF GEORGIA FOUNDATION PROVIDES CERTAIN EXECUTIVES WITH TAXABLE COMPENSATION TO REIMBURSE THE EXPENSE OF MEMBERSHIP DUES AND APPROPRIATE INITIATION FEES FOR A SOCIAL OR COUNTRY CLUB USED FOR THE UNIVERSITY OF GEORGIA FOUNDATION BUSINESS ENTERTAINMENT PURPOSES. SCHEDULE J, PART I, LINE 4B: SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN JERE MOREHEAD RECEIVED $209,529 FROM A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN, PAID BY THE UNIVERSITY OF GEORGIA, A RELATED ORGANIZATION. X 258 15208275 FMV X 1 100000 APPRAISAL X 1 13889 FMV X INS POLICY 1 233732 CASH SURRENDER 0 1 1 PART I, LINE 32B: THE UNIVERSITY OF GEORGIA FOUNDATION UTILIZES MERRILL LYNCH AS A BROKER TO SELL PUBLICLY TRADED SECURITIES. SCHEDULE M, PART I, LINE 31: THE ORGANIZATION HAS A GIFT ACCEPTANCE COMMITTEE AND POLICY. THE COMMITTEE REVIEWS ANY NON-STANDARD CONTRIBUTION THAT THE ORGANIZATION ACCEPTS. FORM 990, PART III, LINE 1 ORGANIZATION'S MISSION THE MISSION AND PURPOSE OF THE UNIVERSITY OF GEORGIA FOUNDATION IS TO PROVIDE SUPPORT FOR THE TEACHING, RESEARCH, PUBLIC SERVICE AND OUTREACH PROGRAMS OF THE UNIVERSITY OF GEORGIA BY MEANS OF VOLUNTEER LEADERSHIP AND ASSISTANCE IN DEVELOPMENT AND FUNDRAISING ACTIVITIES; FIDUCIARY CARE FOR THE ASSETS OF THE FOUNDATION FOR THE LONG-TERM BENEFIT AND ENHANCEMENT OF THE UNIVERSITY; AND BROAD ADVICE, CONSULTATION AND SUPPORT TO THE PRESIDENT OF THE UNIVERSITY. THE FOUNDATION SHALL OPERATE AS A COOPERATIVE ORGANIZATION IN ACCORDANCE WITH POLICIES OF THE UNIVERSITY SYSTEM OF GEORGIA BOARD OF REGENTS. FORM 990, STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS: THE UNIVERSITY OF GEORGIA FOUNDATION ("THE FOUNDATION") WAS CHARTERED IN 1937 TO ESTABLISH AND MAINTAIN ENDOWMENTS FOR THE SUPPORT OF THE ACADEMIC PROGRAMS OF THE UNIVERSITY OF GEORGIA. THE FOUNDATION MANAGES FUNDS ESTABLISHED WITH THE FOUNDATION IN ACCORDANCE WITH THE INSTRUCTIONS OF THE DONOR AND PROVIDES FINANCIAL SUPPORT UPON REQUEST TO THE UNIVERSITY OF GEORGIA FOR SCHOLARSHIPS, FACULTY SALARY SUPPLEMENT, AWARDS AND LECTURESHIPS AND OPERATING PROGRAMS INVOLVING FUNDRAISING AND CONSTITUENT RELATIONS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FINALIZED FORM 990 WAS SUBMITTED TO EACH MEMBER OF THE GOVERNING BODY VIA SECURE EMAIL FOR THEIR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND TRUSTEES MUST FILL OUT AN ANNUAL DISCLOSURE OF INTERESTS WHICH IS REVIEWED BY THE UNIVERSITY OF GEORGIA FOUNDATION AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY OF GEORGIA FOUNDATION DOES NOT HAVE ANY EMPLOYEES. THERE IS AN ADMINISTRATIVE SERVICES AGREEMENT BETWEEN THE UNIVERSITY OF GEORGIA AND THE UNIVERSITY OF GEORGIA FOUNDATION. INDIVIDUALS WHO PROVIDE SERVICES TO THE FOUNDATION ARE EMPLOYEES OF THE UNIVERSITY OF GEORGIA. THE UNIVERSITY OF GEORGIA REVIEWS PERFORMANCE AND ESTABLISHES COMPENSATION THAT FOLLOWS UNIVERSITY POLICIES. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATION DOCUMENTS ARE AVAILABLE ON THE WEBSITE AND UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITIES -645,293. CHANGE IN CASH SURRENDER VALUE 122,877. CHANGE IN VALUE OF BEN INTEREST IN PERPETUAL TRUST 1,113,525. CHANGE IN FAIR VALUE OF DERIVATIVE 1,266,518. THE UNIVERSITY OF GEORGIA BROAD STREET ATHENS GA 30602 586001998 PUBLIC UNIVERSITY GA N/A 0 UGA ATHLETIC ASSOCIATION 1 SELIG CIRCLE ATHENS GA 30602 580652518 TO SUPPORT THE UNIVERSITY OF GEORGIA GA 501(C)(3) 5 UGA 0 UGA RESEARCH FOUNDATION 200 DW BROOKS DRIVE ATHENS GA 30602 581353149 TO SUPPORT THE UNIVERSITY OF GEORGIA GA 501(C)(3) 7 N/A 0 UGA REAL ESTATE FOUNDATION 1280 SOUTH LUMPKIN STREET ATHENS GA 30602 582491922 TO SUPPORT THE UNIVERSITY OF GEORGIA GA 501(C)(3) 12E UGA RESEARCH 0 0 1 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 1 0