2020-11-16T13:02:22-06:00 2020-06-30 KPMG LLP 300 North Greene Street Suite 400 Greensboro NC 27401 990 2019-07-01 586033837 THE UNIVERSITY OF GEORGIA FOUNDATION % E BRETT JACKSON UNIV 7065426677 1 PRESS PLACE Suite 101 ATHENS GA 30602 E BRETT JACKSON CFO 7045426677 2020-11-16 true SHAWN M HUTCHINSON P01048557 3362753394 2020-11-13 199.206.0.5 56038220203215000002 2020-11-16 P 3C4CC46FCC3F287C58BAE9119CFFE5E9D34C597F 3C4CC46FCC3F287C58BAE9119CFFE5E9D34C597F 2019 2021-01-29 14:40:06Z X E BRETT JACKSON 1 PRESS PLACE SUITE 101 ATHENS GA 30602 432241194 false X WWW.UGAFOUNDATION.ORG X 1937 GA TO PROVIDE SUPPORT FOR THE TEACHING, RESEARCH, PUBLIC SERVICE AND OUTREACH PROGRAMS OF THE UNIVERSITY OF GEORGIA. 40 38 0 49 -2834643 -2880025 119046769 95326297 1953542 1369349 72375540 22464024 9228599 6919603 202604450 126079273 68632340 88045303 0 0 0 0 0 0 3373812 19432551 16300528 88064891 104345831 114539559 21733442 1430979513 1437926108 100733372 90419616 1330246141 1347506492 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. false false 95146048 88045303 4042106 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. 95146048 true true false false false false true true false true true true false false true true false true false false true false false false true false false true false true false false false false false false false false true true false false false true true true false false true 282 0 true 0 true true false false false false true true false false false false false false X 40 38 false false false false false false false true true false false true true true true true true true true false GA X X E BRETT JACKSON 7065426677 1 PRESS PLACE SUITE 101 ATHENS GA 30602 Jere Morehead Ex-Officio Trustee - President 3.0 40.0 X 0 676890 263392 Kelly Kerner Executive Director 15.0 40.0 X 0 379453 53235 David Shipley Ex-Officio Trustee 1.0 40.0 X 0 316856 45712 Jason Bull CIO 40.0 0.0 X 0 252672 81222 Jack S Hu EX-OFFICIO TRUSTEE - PROVOST 2.0 40.0 X 0 267473 23763 Rebecca V Caravati Former CFO/COO 0.0 40.0 X 0 183846 46834 Brett Jackson CFO 20.0 40.0 X 0 133446 55741 Kathryn Ash Strategic Vice-Chair 2.0 0.0 X 0 0 0 Allison Ausband TRUSTEE 2.0 0.0 X 0 0 0 Eleanor Banister Trustee 1.0 0.0 X 0 0 0 David Battle Trustee 2.0 0.0 X 0 0 0 Michael J Boudens Trustee 2.0 0.0 X 0 0 0 Christopher W Brown Trustee 2.0 0.0 X 0 0 0 Leah Brown Trustee 1.0 0.0 X 0 0 0 Elizabeth Camp Trustee 1.0 0.0 X 0 0 0 Mark Chandler Trustee 2.0 0.0 X 0 0 0 James Childs Trustee 2.0 0.0 X 0 0 0 Victor Corrigan Trustee 1.0 0.0 X 0 0 0 Richard Courts Trustee 1.0 0.0 X 0 0 0 Betsy Cox Trustee 1.0 0.0 X 0 0 0 John Crawford Chair 8.0 0.0 X X 0 0 0 William Douglas TRUSTEE 1.0 0.0 X 0 0 0 Hillel Feinberg Trustee 2.0 0.0 X 0 0 0 Elisha Finney Trustee 1.0 0.0 X 0 0 0 Brian Dill Ex-Officio Trustee 1.0 0.0 X 0 0 0 Jennifer Flanagan Trustee 1.0 0.0 X 0 0 0 Frank Foley Trustee 1.0 0.0 X 0 0 0 Mitchell Green Trustee 2.0 0.0 X 0 0 0 Stephen Joiner Secretary 2.0 0.0 X X 0 0 0 Steve Jones TRUSTEE 2.0 0.0 X 0 0 0 Nancy Juneau Trustee 2.0 0.0 X 0 0 0 Seth Knight Trustee 1.0 0.0 X 0 0 0 Charles Knox Trustee 1.0 0.0 X 0 0 0 Russell Lindner Trustee 1.0 0.0 X 0 0 0 John Mangan Trustee 3.0 0.0 X 0 0 0 Ted McMullan Trustee 1.0 0.0 X 0 0 0 John Parker Trustee 2.0 0.0 X 0 0 0 Rick Pennell Trustee 2.0 0.0 X 0 0 0 Neal Quirk Executive Vice-Chair 6.0 0.0 X 0 0 0 Elizabeth Correll Trustee 1.0 0.0 X 0 0 0 Bonney Shuman Treasurer 3.0 0.0 X X 0 0 0 Robert Stolz Trustee 1.0 0.0 X 0 0 0 Barry Storey Operational Vice Chair 2.0 0.0 X 0 0 0 Larry Thompason Trustee 1.0 0.0 X 0 0 0 Dee Yancey Trustee 1.0 0.0 X 0 0 0 0 2210636 569899 0 true true false PRIME BUCHHOLZ LLC 273 Corporate Drive PORTSMOUTH NH 03801 INVESTING SERVICES 648611 TRUMPS CATERING 2026 S MILLEDGE AVENUE SUITE B ATHENS GA 30605 CATERING SERVICES 427838 BLACKBAUD 2000 DANIEL ISLAND DRIVE CHARLESTON SC 29492 CRM SERVICE 264779 OMNI HOTEL AT CNN CENTER 100 CNN CENTER ATLANTA GA 30303 CATERING/VENUE SVC 236717 HYATT REGENCY ATLANTA 265 PEACHTREE ST NE ATLANTA GA 30303 CATERING/VENUE SVC 195910 15 648524 4647339 90030434 10956149 95326297 RENTS FROM STUDY ABROAD 531110 695966 695966 INVESTMENT FEE FROM RELATED ORG 525990 273421 273421 EVENT REGISTRATIONS 900099 399962 399962 1369349 17903339 -2834643 20737982 0 4251789 4251789 0 0 0 308571249 1928512 305127577 811499 3443672 1117013 4560685 4560685 217902 648524 222845 -4943 -4943 0 0 0 0 0 0 GA DEPT OF REV LICENSE PLATES 900099 1255330 1255330 OTHER 900099 1417427 1417427 2672757 126079273 4042106 -2834643 29545513 88045303 88045303 0 0 0 0 0 0 0 0 0 0 170301 95688 71113 3500 291363 291363 0 0 801752 801752 636324 443514 54898 137912 536554 338833 28924 168797 236942 125527 41999 69416 217799 217799 0 1209280 948078 55762 205440 137539 120302 4991 12246 0 3604442 2290732 264096 1049614 0 0 1239072 638144 600928 52321 52083 119 119 REIMBURSEMENTS TO UGA 4167954 4167954 TRANSFERS AND DISTRIBUTIONS 1283843 1283843 MONETARY AWARDS 125010 125010 PROFESSIONAL DUES/MEMBERSHIPS 115369 51834 29500 34035 1474663 587157 13500 874006 104345831 95146048 5825971 3373812 16114244 34802627 154253166 124723292 74748111 76372496 2439118 1921310 0 0 0 0 620151 252805 0 0 288790 135353 41257057 9683374 33590672 31573683 572600976 616077731 571320596 547065578 0 0 0 0 5003689 5001233 1430979513 1437926108 7611824 5603915 0 0 1242449 817234 0 0 0 0 0 0 15011522 14496642 0 0 76867577 69501825 100733372 90419616 X 144196185 145785156 1186049956 1201721336 1330246141 1347506492 1430979513 1437926108 X 21733442 -2586124 -1886967 X false true X true false X 92833374 110652088 127751893 119046769 95326967 545611091 0 0 92833374 110652088 127751893 119046769 95326967 545611091 27724989 517886102 8397330 10836195 19515117 23713897 22851094 85313633 0 3416870 2707351 3588058 5910657 3564042 19186978 650111702 0.79661 0.80394 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 111.58 1 1 false 2322808 X X false 1137691331 43712059 14408063 35877710 1159933743 1066361473 59202967 45282747 33155856 1137691331 947345264 70663428 81200384 32847603 1066361473 821420232 67487794 103484309 45047071 947345264 806767604 60957201 -13705984 32598589 821420232 0.11930 0.54690 0.33380 false false 14011405 14011405 19152867 5678927 13473940 4033632 4004447 29185 4059153 4059153 31573683 CASH & SHORT-TERM INVESTMENTS 17798832 F MARKETABLE ALTERNATIVES 280518615 F NON-MARKETABLE ALTERNATIVES 188894840 F SPLIT INTEREST INVESTMENTS 1268871 F COMMINGLED FIXED INCOME 53992419 F BENEFICIAL INT IN PERP TRUST 4592001 F 547065578 0 FUNDS HELD FOR OTHERS 56862220 DEFERRED GIFT OBLIGATIONS 8656016 DERIVATIVE FINANCIAL INSTRUMEN 3983589 69501825 X 121121386 -2586124 -2586124 123707510 707641 1664122 2371763 126079273 103861035 222845 222845 103638190 707641 707641 104345831 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. 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. 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. 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 2020 and 2019. PART XI, LINE 4B CHANGE IN VALUE OF ANNUITIES 261,343 CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE (23,220) CHANGE IN FAIR VALUE OF DERIVATIVES 1,657,800 CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST (8,956) FUNDRAISING EXPENSE (222,845) TOTAL 1,664,122 PART XII, LINE 2D FUNDRAISING EXPENSE 222,845 TOTAL 222,845 Central America and the Caribbean Investments 179554032 Europe (Including Iceland and Greenland) Investments 15893566 195447598 195447598 true false true true true false GALA 280094 183777 96317 80807 BALL 180459 164901 15558 16565 13 405873 299846 106027 2675 50962 71836 866426 648524 217902 2675 50962 169208 222845 -4943 false THE UNIVERSITY OF GEORGIA BROAD STREET ATHENS GA 30602 586001998 GOV'T 57106488 N/A N/A SCHOLARSHIPS & OTHER SUPPORT NATIONAL MERIT SCHOLARSHIP PO BOX 99389 CHICAGO IL 60693 362307745 501(C)(3) 100550 N/A N/A SCHOLARSHIPS UGA ATHLETIC ASSOCIATION 1 SELIG CIRCLE BUTTS MEHRE BUILDIN ATHENS GA 30602 580652581 501(C)(3) 30838265 N/A N/A SCHOLARSHIPS & CONSTRUCTION 3 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. X true true false true false false false false false false false Jere Morehead Ex-Officio Trustee - President 651890 25000 0 254614 0 8778 0 940282 David Shipley Ex-Officio Trustee 316565 291 0 25872 0 19840 0 362568 Jason Bull CIO 252672 0 55201 0 26021 0 333894 Brett Jackson CFO 0 133002 0 0 444 0 30180 0 25561 0 189187 Kelly Kerner Executive Director 379453 0 25872 0 27363 0 432688 Rebecca V Caravati Former CFO/COO 183846 0 38620 0 8214 0 230680 Jack S Hu EX-OFFICIO TRUSTEE - PROVOST 247202 20271 0 11782 0 11981 0 291236 SCHEDULE J, PART I, LINE 1A HEALTH OR SOCIAL CLUB DUES 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 $220,661 FROM A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN, PAID BY THE UNIVERSITY OF GEORGIA, A RELATED ORGANIZATION. X 216 9284149 FMV X 1 1000000 APPRAISAL X HORSES 9 672000 APPRAISAL false true true SCHEDULE M, LINE 31 THE ORGANIZATION HAS A GIFT ACCEPTANCE COMMITTEE AND POLICY. THE COMMITTEE REVIEWS ANY NON-STANDARD CONTRIBUTION THAT THE ORGANIZATION ACCEPTS. SCHEDULE M, LINE 32B THE UNIVERSITY OF GEORGIA FOUNDATION UTILIZES MERRILL LYNCH AS A BROKER TO SELL PUBLICLY TRADED SECURITIES. FORM 990, PART VI, SECTION B, LINE 11 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 (261,343) CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 23,220 CHANGE IN FAIR VALUE OF DERIVATIVES (1,657,800) CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 8,956 TOTAL (1,886,967) THE UNIVERSITY OF GEORGIA BROAD STREET ATHENS GA 30602 586001998 PUBLIC UNIVER GA NA false UGA ATHLETIC ASSOCIATION 1 SELIG CIRCLE ATHENS GA 30602 580652518 SUPPORT UGA GA 501(C)(3) 5 UGA false UGA RESEARCH FOUNDATION 200 DW BROOKS DRIVE ATHENS GA 30602 581353149 SUPPORT UGA GA 501(C)(3) 7 NA false UGA REAL ESTATE FOUNDATION 229 COLLEGE AVE SUITE 200 ATHENS GA 30601 582491922 SUPPORT UGA GA 501(C)(3) 12e UGA RESEARCH false false true true false false false false false false true false false false true true false false true false UNIVERSITY OF GEORGIA B 57106488 CASH UGA ATHLETIC ASSOCIATION B 30838265 CASH UNIVERSITY OF GEORGIA J 695966 RENT REVENUE UGA ATHLETIC ASSOCIATION C 4647079 CASH UGA ATHLETIC ASSOCIATION R 1465171 CASH & PROPERTY UNIVERSITY OF GEORGIA R 4321061 CASH UNIVERSITY OF GEORGIA RESEARCH FOUNDATION C 260 CASH