2020-01-07T08:42:24-06:00 2019-06-30 561031342 WILLIAMS OVERMAN PIERCE LLP 2501 ATRIUM DRIVE SUITE 500 RALEIGH NC 27607 990 2018-07-01 566049503 NORTH CAROLINA STATE UNIVERSITY FOUNDATION INC NORT 9195137149 NCSU BOX 7207 RALEIGH NC 27695 ERIN DELEHANTY ASSISTANT TREASURER 9195137149 2019-12-10 1 MARYELLEN PRANCE CPA P01662078 9197823444 2019-12-10 X 64.88.174.3 2019-12-10 09:17:04 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 8915B02F3F1BCA28AA79EB9D7E13DC2172CEA34D 2018 2020-09-23 17:36:50Z ERIN DELEHANTY NCSU BOX 7207 RALEIGH NC 27695 41877120 0 X SEE SCHEDULE O X 1942 NC SUPPORTS, BY FINANCIAL ASSISTANCE AND OTHERWISE, THE VARIOUS COLLEGES WITHIN THE UNIVERSITY, THE LIBRARIES, AND OTHER UNIVERSITY-CONNECTED FUNCTIONS. 28 27 0 24 0 0 34187895 16821365 5998606 6235172 5050467 6908406 1357 594 45238325 29965537 11487825 13022656 0 0 320767 544592 0 0 4187269 11797758 13689238 23606350 27256486 21631975 2709051 444582485 466663353 8223346 6461759 436359139 460201594 SUPPORTS, BY FINANCIAL ASSISTANCE AND OTHERWISE, THE VARIOUS COLLEGES WITHIN THE UNIVERSITY, THE LIBRARIES, AND OTHER UNIVERSITY-CONNECTED FUNCTIONS. 0 0 21252578 13022656 6235172 SUPPORTS, BY FINANCIAL ASSISTANCE, THE VARIOUS COLLEGES WITHIN THE UNIVERSITY, THE LIBRARIES, AND OTHER UNIVERSITY-CONNECTED FUNCTIONS. THE FOUNDATION AWARDS SCHOLARSHIPS, FELLOWSHIPS, AND OTHER AWARDS BASED ON THE REQUIREMENTS STIPULATED BY THE CONTRIBUTORS AND/OR RECOMMENDATIONS OF THE BOARD OF DIRECTORS. 21252578 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 49 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 28 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X ERIN DELEHANTY 9195137149 CAMPUS BOX 7207 RALEIGH NC 27695 HENRY CAMPEN DIRECTOR 1.00 X 0 0 0 MIKE CONSTANTINO VICE CHAIR 1.00 X X 0 0 0 LYNN DANIEL DIRECTOR 1.00 X 0 0 0 KEN DULL DEVELOPMENT CHAIR 1.00 X X 0 0 0 JEFFREY GOODMAN DIRECTOR 1.00 X 0 0 0 DANIEL GUNTER DIRECTOR 1.00 X 0 0 0 CHRISTINE HOLMES DIRECTOR 1.00 X 0 0 0 JAKE HOOKS DIRECTOR 1.00 X 0 0 0 GHAZALE JOHNSTON NOMINATIONS CHAIR 1.00 X X 0 0 0 GRANT JOHNSTON DIRECTOR 1.00 X 0 0 0 PHIL JONES DIRECTOR 1.00 X 0 0 0 CLIF KNIGHT DIRECTOR 1.00 X 0 0 0 ELLISON LAMBERT DIRECTOR 1.00 X 0 0 0 JOY MOSHAKOS DIRECTOR 1.00 X 0 0 0 SHERICE NIVENS AWARDS & GRANTS CHAIR 1.00 X X 0 0 0 CORENA NORRIS-MCCLUNEY DIRECTOR 1.00 X 0 0 0 STUART PHOENIX DIRECTOR 1.00 X 0 0 0 TRENT RAGLAND PAST CHAIR 1.00 X X 0 0 0 WADE REECE DIRECTOR 1.00 X 0 0 0 BRAD REMMEY DIRECTOR 1.00 X 0 0 0 SEPI SAIDI DIRECTOR 1.00 X 0 0 0 STEVE SCHUSTER DIRECTOR 1.00 X 0 0 0 CHARLIE STALLINGS CHAIR 1.00 X X 0 0 0 ANNA SULLIVAN DIRECTOR 1.00 X 0 0 0 DAVID S THOMPSON DIRECTOR 1.00 X 0 0 0 HANS WARREN DIRECTOR 1.00 X 0 0 0 JEFF WRIGHT AUDIT & FINANCE CHAIR 1.00 X X 0 0 0 BRIAN SISCHO PRESIDENT, NCSU FOUNDATION 1.00 40.00 X X 0 433285 41975 W RANDOLPH WOODSON CHANCELLOR, NC STATE 1.00 40.00 X 0 860719 53112 JIM BROSCHART VICE PRESIDENT, NCSU FOUNDATION 1.00 40.00 X 0 253157 38264 DEREK R BRYAN SECRETARY 1.00 40.00 X 0 142750 31707 MARY PELOQUIN-DODD TREASURER 1.00 40.00 X 0 286150 42146 ERIN DELEHANTY ASSISTANT TREASURER 1.00 40.00 X 0 115487 26803 0 2091548 234007 0 0 1 0 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 503030718 FUNDRAISING 613083 BDO USA LLP PO BOX 642743 PITTSBURGH PA 152642743 AUDIT & TAX SERVICES 123293 HAMILTON LANE ADVISORS LLC 1 PRESIDENTIAL BLVD 4TH FLOOR BALA CYNWYD PA 19004 INVESTMENT MANAGEMENT 113750 NAGIZA F SAMATOVA 5108 ORABELLE CT RALEIGH NC 276061693 EDUCATIONAL PRESENTATIONS 103800 4 19500 16801865 1298700 16821365 PROG.SERV.REVENUE 611710 6235172 6235172 6235172 1565989 1565989 16956938 284831 10814352 1085000 6142586 -800169 5342417 5342417 12825 19500 12231 594 594 29965537 6235172 0 6909000 13022656 13022656 544592 544592 16325 16050 275 232417 138667 93750 1705959 1705959 484024 205852 278172 305117 94770 210347 124576 123267 1309 1178467 902337 276130 371839 245417 126422 217394 217394 31727 19431 12296 MISCELLANEOUS SERVICES 3210843 1687638 1523205 CAPITAL IMPROVEMENTS 1896671 1896671 OTHER CONTRACTED SERVIC 1421204 1067144 354060 EDUCATIONAL EQUIPMENT 773261 638046 135215 1719414 993288 880 725246 27256486 21252578 1816639 4187269 31076312 38148486 35070866 18194674 124572 598612 11550286 2745011 11106809 8805275 365226093 399185879 1977833 1730427 444582485 466663353 516209 813112 9593 6000 7697544 5642647 8223346 6461759 X 15069111 16144188 152009385 161355044 269280643 282702362 436359139 460201594 444582485 466663353 X 2709051 21870861 -737457 X 0 1 X 1 0 X 28670217 12623499 40244457 34187895 16821365 132547433 28670217 12623499 40244457 34187895 16821365 132547433 49913760 82633673 421440 435286 502259 778864 1565989 3703838 136251271 27301764 0.60650 0.43580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 382448171 9933477 27055323 14907111 404529860 335375635 16361065 37360320 6648849 382448171 286885610 27176540 30746115 9432630 335375635 290759463 4697015 -5430588 3140280 286885610 262783166 14828518 20023712 2886077 3989856 290759463 0.02060 0.69880 0.28060 1 0 2526350 2526350 9023936 2745011 6278925 8805275 NC STATE INVESTMENT FUND 339013846 F KASPICK - LIFE INCOME 5993099 F SRI FUND 54105065 F STIF 73869 F 399185879 LIFE INCOME FUNDS PAYABLE 5294083 DUE TO OTHERS 259919 OTHERS 88645 5642647 X 50890945 21870861 1402000 -641494 22631367 28259578 1705959 1705959 29965537 26964758 1402000 12231 1414231 25550527 1705959 1705959 27256486 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF 715 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES RELATED TO THE FOUNDATION'S MISSION TO AID AND PROMOTE ALL TYPES OF EDUCATION AND RESEARCH WITHIN THE VARIOUS COLLEGES AT NC STATE UNIVERSITY, THE LIBRARIES AND OTHER UNIVERSITY-CONNECTED FUNCTIONS. PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2019, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO TAX YEAR 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED WITH REVENUE ON PAGE 9 12,231. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -379,728. CHANGE IN VALUE OF CHARITABLE LEAD TRUSTS -273,997. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED WITH REVENUE ON PAGE 9 12,231. PART V, LINE 1C, 1G PRIOR YEAR & 1A CURRENT YEAR THE PRIOR YEAR NET INVESTMENT EARNINGS, GAINS, AND LOSSES HAS BEEN REVISED DUE TO A CORRECTION OF A PRIOR YEAR AMOUNT. AS A RESULT, THE ENDOWMENT FUNDS PRIOR YEAR ENDING BALANCE AND THE CURRENT YEAR BEGINNING BALANCE DIFFER FROM THE AMOUNTS REPORTED ON THE PRIOR FORM 990, SCHEDULE D. X X X 1 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PKWY SW CEDAR RAPIDS IA 52404 STUDENT CALLING CONTRACT FOR ANNUAL GIVING PROGRAM 0 1032884 472922 559962 1032884 472922 559962 AL AK AZ CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI DESIGNLIFE GALA 32325 19500 12825 8573 1250 2408 32325 19500 12825 8573 1250 2408 12231 594 SCHEDULE G, LINE 2B, COLUMN IV-GROSS RECEIPTS FROM ACTIVITY: TOTAL DONATIONS RAISED DURING THE ANNUAL GIVING PROGRAM WERE $1,032,884. A PORTION OF SUCH DONATIONS WERE DESIGNATED FOR OTHER 501(C)(3) ORGANIZATIONS RELATED TO THE NORTH CAROLINA STATE UNIVERSITY FOUNDATION (SEE SCHEDULE R), HOWEVER THE TOTAL COST OF THE ANNUAL GIVING PROGRAM WAS ABSORBED BY THE NORTH CAROLINA STATE UNIVERSITY FOUNDATION. THE GROSS RECEIPTS DESIGNATED TO THE NORTH CAROLINA STATE UNIVERSITY FOUNDATION WERE $413,309. 1 NORTH CAROLINA STATE UNIVERSITY NCSU BOX 7205 RALEIGH NC 27695 566000756 170(C)(1) 13022656 BOOK VALUE SCHOLARSHIPS,FACULTY SUPPORT, DEPARTMENTAL SUPPORT, AND FACILITY SUPPORT 1 PART I, LINE 2: GRANTS REPRESENT REIMBURSEMENT OF EXPENSES PROCESSED THROUGH THE UNIVERSITY'S ACCOUNTING SYSTEMS, AND ARE SUBJECT TO UNIVERSITY AND STATE OF NORTH CAROLINA GUIDELINES, IN ADDITION TO ANY RESTRICTIONS PLACED DIRECTLY BY DONORS. X 0 0 0 0 0 0 0 0 0 BRIAN SISCHO PRESIDENT, NCSU FOUNDATION 0 431980 0 0 0 1305 0 35971 0 6004 0 475260 0 0 W RANDOLPH WOODSON CHANCELLOR, NC STATE 0 656315 0 0 0 204404 0 47108 0 6004 0 913831 0 0 JIM BROSCHART VICE PRESIDENT, NCSU FOUNDATION 0 245471 0 0 0 7686 0 32260 0 6004 0 291421 0 0 DEREK R BRYAN SECRETARY 0 142750 0 0 0 0 0 25703 0 6004 0 174457 0 0 MARY PELOQUIN-DODD TREASURER 0 286150 0 0 0 0 0 36142 0 6004 0 328296 0 0 SCHEDULE J, PART II- COMPENSATION FROM RELATED ORGANIZATIONS THE BOARD MEMBERS THAT ARE COMPENSATED RECEIVE COMPENSATION FROM NC STATE UNIVERSITY, A 170(C)(1) ORGANIZATION RELATED TO THE FOUNDATION. X 41 821619 FMV X IRA ROLLOVER 20 477081 FMV 1 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIRPERSON, THE VICE CHAIRPERSON, THE IMMEDIATE PAST CHAIRPERSON, THE PRESIDENT OF THE NORTH CAROLINA STATE UNIVERSITY ALUMNI ASSOCIATION, AND THE CHAIRPERSONS OF THE AUDIT AND FINANCE COMMITTEE, THE DEVELOPMENT COMMITTEE, THE AWARDS AND GRANTS COMMITTEE, AND THE NOMINATING COMMITTEE. THE CHANCELLOR OF THE NORTH CAROLINA STATE UNIVERSITY AND THE PRESIDENT, VICE PRESIDENT FOR DEVELOPMENT, SECRETARY, AND THE TREASURER OF THE FOUNDATION SHALL SERVE AS EX-OFFICIO MEMBERS OF THE EXECUTIVE COMMITTEE WITHOUT VOTING PRIVILEGES. THE CHAIRPERSON OF THE FOUNDATION SHALL SERVE AS THE CHAIR OF THE EXECUTIVE COMMITTEE. MEMBERS SHALL SERVE TWO YEAR TERMS IN CONJUNCTION WITH THE TERM OF THE CHAIRPERSON OF THE FOUNDATION. THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE BUSINESS OF THE FOUNDATION BETWEEN THE MEETINGS OF THE BOARD; PROVIDED, HOWEVER, THAT THE EXECUTIVE COMMITTEE SHALL HAVE NO POWER TO (A) AUTHORIZE DISTRIBUTIONS; (B) APPROVE DISSOLUTION, MERGER OR SALE, PLEDGE OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE FOUNDATION'S ASSETS; (C) ELECT, APPOINT OR REMOVE DIRECTORS, EXCEPT TO FILL VACANCIES ON THE BOARD PURSUANT TO THE BYLAWS; OR (D) ADOPT, AMEND OR REPEAL THE ARTICLES OF CERTIFICATE OF INCORPORATION OR THESE BYLAWS. THE PRESENCE OF ONE-HALF OF THE VOTING DIRECTORS OF THE EXECUTIVE COMMITTEE AT ANY REGULAR OR SPECIAL MEETING OR SAID COMMITTEE SHALL CONSTITUTE A QUORUM FOR THE TRANSACTION OF BUSINESS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE AUDIT & INVESTMENT COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY CORPORATE TRANSACTION IN WHICH A DIRECTOR HAS A DIRECT OR INDIRECT INTEREST MUST BE AUTHORIZED, APPROVED OR RATIFIED IN GOOD FAITH BY A MAJORITY, NOT LESS THAN TWO OF THE DIRECTORS WHO HAVE NO DIRECT OR INDIRECT INTEREST IN THE TRANSACTION EVEN THOUGH LESS THAN A QUORUM; PROVIDED, HOWEVER, NO SUCH TRANSACTION SHALL BE AUTHORIZED, APPROVED OR RATIFIED BY A SINGLE DIRECTOR. A DIRECTOR HAS AN INDIRECT INTEREST IN A TRANSACTION IF: (A) ANOTHER ENTITY IN WHICH HE HAS A MATERIAL FINANCIAL INTEREST OR IN WHICH HE IS A GENERAL PARTNER IS A PARTY TO THE TRANSACTION; OR (B) ANOTHER ENTITY OF WHICH HE IS A DIRECTOR, OFFICER, OR TRUSTEE IS A PARTY TO THE TRANSACTION AND THE TRANSACTION IS OR SHOULD BE CONSIDERED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS AND OFFICERS OF NC STATE UNIVERSITY FOUNDATION INC THAT DO RECEIVE COMPENSATION ARE COMPENSATED BY NC STATE UNIVERSITY, A 170(C)(1) ORGANIZATION RELATED TO NC STATE UNIVERSITY FOUNDATION INC. NC STATE UNIVERSITY SETS THE COMPENSATION OF THESE EMPLOYEES BY ACQUIRING COMPARABILITY DATA WHICH IS REVIEWED AND APPROVED BY INDEPENDENT PERSONS WITH CONTEMPORANEOUS SUBSTANTIATION OF THE DECISION. FORM 990, PART VI, SECTION C, LINE 18 THE 990 IS LISTED ON THE WEBSITE. FORM 1023 (WHICH WAS FILED PRIOR TO JULY 15, 1987) IS NOT PUBLICLY AVAILABLE. FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBSITE HTTP://FOUNDATIONSACCOUNTING.OFA.NCSU.EDU/FOUNDATIONS/NC-STATE-UNIVERSITY-FO UNDATION-INC. OTHER GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER TO OTHER UNIVERSITY ENTITIES -83,732. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -379,728. CHANGE IN VALUE OF CHARITABLE LEAD TRUST -273,997. PAGE 1, QUESTION J - WEBSITE HTTP://FOUNDATIONSACCOUNTING.OFA.NCSU.EDU/FOUNDATIONS/NC-STATE- UNIVERSITY-FOUNDATION-INC NC STATE EXECUTIVE EDUCATION LLC NCSU BOX 7207 RALEIGH NC 27695 566049503 SUPPORT ORGANIZATION OF NC STATE UNIVERSITY-EXECUTIVE EDUCATION PROGRAM NC 1993995 497567 NC STATE UNIVERSITY FOUNDATION NORTH CAROLINA VETERINARY MEDICAL FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 581344473 SUPPORT ORGANIZATION OF NC STATE UNIVERSITY NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NORTH CAROLINA TOBACCO FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 591715828 SUPPORT ORGANIZATION OF NC STATE UNIVERSITY NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 THE NORTH CAROLINA AGRICULTURAL FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 566049304 SUPPORT ORGANIZATION OF NC STATE UNIVERSITY NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NC STATE ENGINEERING FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 566046987 SUPPORT ORGANIZATION OF NC STATE UNIVERSITY NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NC STATE UNIVERSITY COLLEGE OF SCIENCES FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 581524289 SUPPORT ORGANIZATION OF NC STATE UNIVERSITY NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NC STATE NATURAL RESOURCES FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 560653350 SUPPORT ORGANIZATION OF NC STATE UNIVERSITY NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NORTH CAROLINA STATE ALUMNI ASSOCIATION INC NCSU BOX 7207 RALEIGH NC 27695 566035544 SUPPORT ORGANIZATION OF NC STATE UNIVERSITY NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NC STATE UNIVERSITY PARTNERSHIP CORPORATION NCSU BOX 7207 RALEIGH NC 27695 561444287 SUPPORT ORGANIZATION OF NC STATE UNIVERSITY NC 501(C)(3) 509(A)(3) N/A 0 NORTH CAROLINA STATE UNIVERSITY CLUB INC PO BOX 33067 RALEIGH NC 27636 560769351 PROVISION OF RECREATIONAL ACTIVITIES FOR MEMBERS NC 501(C)(7) N/A N/A 0 NC STATE UNIVERSITY NCSU BOX 7205 RALEIGH NC 27695 566000756 EDUCATION NC 170(C)(1) 170(B)(1)(A)(II) N/A 0 NC STATE UNIVERSITY STUDENT AID ASSOCIATION INC PO BOX 37100 RALEIGH NC 27627 560650623 SUPPORTS ATHLETIC PROGRAM AT NCSU NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NORTH CAROLINA TEXTILE FOUNDATION INC NCSU BOX 8301 RALEIGH NC 27695 566045324 AIDS EDUCATION & RESEARCH IN THE COLLEGE OF TEXTILES OF NC STATE UNIVERSITY NC 501(C)(3) 170(B)(1)(A)(IV) N/A 0 NC STATE INVESTMENT FUND INC NCSU BOX 7207 RALEIGH NC 27695 311607634 INVEST FUNDS OF NC STATE UNIVERSITY ENDOWMENT AND OTHER RELATED FOUNDATIONS NC 501(C)(3) 509(A)(3) N/A 0 CHARITABLE REMAINDER TRUSTS (13) ASSET INVESTMENT NC NORTH CAROLINA STATE UNIVERSITY FOUNDATION INC T 0 CHARITABLE LEAD TRUST (2) ASSET INVESTMENT NC N/A T 0 0 1 0 1 0 0 0 0 0 1 0 1 0 1 1 1 1 1 1