2018-11-15T09:41:39-06:00 2018-06-30 KPMG LLP 300 North Greene Street Suite 400 Greensboro NC 27401 990 2017-07-01 566057494 THE MEDICAL FOUNDATION OF NORTH CAROLINA INC % LEE A WAGNER MEDI 9199661201 123 W Franklin Street Suite 510 CHAPEL HILL NC 27516 LESLIE H NELSON-BERNIER PRESIDENT 9199665812 2018-11-13 true SHAWN M HUTCHINSON CPA P01048557 3362753394 2018-11-07 167.68.102.5 56038220183195000002 2018-11-15 P 2BA1248730D0726F683472A649157878557BD9FD 2BA1248730D0726F683472A649157878557BD9FD 2017 2019-02-21 02:37:17Z X LESLIE H NELSON-BERNIER 123 W Franklin St Ste 510 CHAPEL HILL NC 27516 69382984 false X www.uncmedicine.org X 1949 NC THE MEDICAL FOUNDATION OF NORTH CAROLINA, INC. SECURES FINANCIAL AND VOLUNTEER RESOURCES FOR THE UNC SCHOOL OF MEDICINE AND UNC HEALTH CARE TO PROVIDE A HEALTHIER FUTURE. 29 29 0 300 0 52865 24085509 36312234 321487 0 3539066 5401712 1282667 780783 29228729 42494729 21944963 25625463 0 0 809418 1077391 0 0 2595632 3404344 3174043 26158725 29876897 3070004 12617832 316508243 350385692 939312 1322054 315568931 349063638 X THE MEDICAL FOUNDATION OF NORTH CAROLINA, INC. SECURES FINANCIAL AND VOLUNTEER RESOURCES FOR THE UNC SCHOOL OF MEDICINE AND UNC HEALTH CARE TO PROVIDE A HEALTHIER FUTURE THROUGH MEDICAL EDUCATION, RESEARCH AND PATIENT CARE. false false 25625463 25625463 Originally chartered in 1949 as a charitable not-for-profit organization, the Medical Foundation of North Carolina, Inc. (aka UNC Medicine), fosters private gift support of programs throughout the School of Medicine and UNC Hospitals. UNC Medicine is the fundraising engine that powers philanthropic investment for the University of North Carolinas top-notch medical education programs, clinical and scientific research initiatives, and patient care infrastructure. UNC Medicine raises critical funding to train the next generation of expert caregivers, move world-renowned research from the bench to the bedside, and provide the best possible care to people in every county in North Carolina and every corner of the world. In the past fiscal year, the Foundation received nearly 25,000 gifts from over 15,000 donors, closing out a record-breaking year. Cultivation and stewardship programs across UNC Medicine include recognition societies, donor walls, annual reports and endowment impact packets. 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 Medical Foundation manages over 1,800 funds, comprised of endowed, restricted and unrestricted accounts. These funds support the existing and emerging needs of all aspects medicine touches, from molecular research, to patient and family support, to scholarships. The physicians, scientists, and researchers at UNC constantly strive to discover better ways to care for patients through preventing and treating disease. The funds raised by UNC Medicine are essential to the continued success and projected need for better access to care, better treatments and better outcomes. 25625463 true true false false false false false false false true true true false false true true true false false false false false false false true false false true true true false false false false false false false false true false false false true true true true false false true 130 0 true 0 true true false false false false true true false false false false X 29 29 false false false false false false false true true false false true true true true true true true true false X LEE A WAGNER 9199664877 123 W FRANKLIN STREET SUITE 510 CHAPEL HILL NC 27516 X Robert E Barnhill III Director 1.0 0.0 X 0 0 0 Barbara H Curtis Director 1.0 0.0 X 0 0 0 Scott M Custer Director 1.0 0.0 X 0 0 0 Paul Fulton Director 1.0 0.0 X 0 0 0 D Russell Harris Director 1.0 0.0 X 0 0 0 George D Renfro Director 1.0 0.0 X 0 0 0 Charlotte Battle Robbins Director 1.0 0.0 X 0 0 0 Cecil W Sewell Jr Director 1.0 0.0 X 0 0 0 Dr Katrina Avery Director 1.0 0.0 X 0 0 0 Dr Lucius Blanchard Director 1.0 0.0 X 0 0 0 Dr Jean Carter Director 1.0 0.0 X 0 0 0 Dr Eugene Flood Jr Director 1.0 0.0 X 0 0 0 H Kelly Landis III Director 1.0 0.0 X 0 0 0 Kenneth B Lee Director 1.0 0.0 X 0 0 0 Billie Jones Stallings Director 1.0 0.0 X 0 0 0 Bryan Morris Director 1.0 0.0 X 0 0 0 John Strickland Sr Director 1.0 0.0 X 0 0 0 Dr Richard Vinroot Jr Director 1.0 0.0 X 0 0 0 Ronald A Batchelor Director 1.0 0.0 X 0 0 0 Thomas E Capps Director 1.0 0.0 X 0 0 0 Dr Frederick M Dula Jr Director 1.0 0.0 X 0 0 0 Amy Edge Director 1.0 0.0 X 0 0 0 Dr Matthew G Ewend Director 1.0 0.0 X 0 0 0 Peter B Fox Director 1.0 0.0 X 0 0 0 AL Hobgood III Board Vice Chair 1.0 0.0 X X 0 0 0 Dr Theodore C Kerner Jr Director 1.0 0.0 X 0 0 0 Dr John A Kirkland Jr Director 1.0 0.0 X 0 0 0 Christopher B Smith Director 1.0 0.0 X 0 0 0 Edwina D Woodbury Board Chairwoman 1.0 0.0 X X 0 0 0 Betty Mills Whichard VP Fin & Admin, Asst. Treasure 1.0 0.0 X 177474 0 35658 Cam Edwin Enarson Interim President 1.0 0.0 X 110017 0 13655 William D Whisenant Director of Principal Gifts 1.0 0.0 X 162145 0 27067 Sandra J Wilson Sr. Director of Donor Services 1.0 0.0 X 133806 0 22406 Mary Margaret Carroll Sr. Executive Director of Deve 1.0 0.0 X 129948 0 22839 Kathy Jo Valley Director of Annual Giving 1.0 0.0 X 105591 0 23554 Martin Alexander Baucom Sr. Executive Director of Deve 1.0 0.0 X 100400 0 16190 919381 0 161369 7 false true false UNC Hospital 101 Manning Drive CHAPEL HILL NC 27514 SUPPORT PAYMENTS 1993373 AMERGENT INC 9 CENTENNIAL DR PEABODY MA 01960 CONSULTANT 473495 Carolina Square Project LP 143 W Franklin St CHAPEL HILL NC 27516 RENT 215625 SUNTRUST BANK 126 W Franklin St CHAPEL HILL NC 27516 CREDIT CARDS 119639 4 197768 36114466 4489416 36312234 0 3929670 3929670 0 0 0 0 0 28190632 26718590 1472042 1472042 1472042 363369 197768 169665 193704 193704 0 0 0 0 0 0 MISC. REVENUE 900099 587079 587079 587079 42494729 587079 5595416 22358014 22358014 3267449 3267449 0 0 287491 287491 0 570936 570936 115645 115645 49210 49210 54109 54109 0 30663 30663 55200 55200 0 0 0 216928 107273 109655 0 324778 43024 281754 40197 40197 0 382249 181954 200295 91436 8031 83405 0 89766 11696 78070 0 0 75786 75786 24587 24587 DEVELOPMENT ASSESSMENT FEE 1718978 1718978 DEVELOPMENT SUPPORT SERVICES 67404 67404 MISCELLANEOUS 56071 56071 29876897 25625463 1655802 2595632 0 0 31622237 46140425 16318477 17963324 0 0 0 0 0 0 0 0 0 0 0 0 1277121 628606 251162 648515 100716238 106006567 161859389 174992538 0 0 0 0 5740740 4634323 316508243 350385692 531127 843999 0 0 356518 421748 0 0 0 0 0 0 0 0 0 0 51667 56307 939312 1322054 X 11456456 12910919 190183520 201902283 113928955 134250436 315568931 349063638 316508243 350385692 X 12617832 20701595 175280 X X false true X true false X 19500029 26741606 26055272 24085509 36312234 132694650 0 1969153 1638050 1646370 2055486 2044489 9353548 21469182 28379656 27701642 26140995 38356723 142048198 2730572 139317626 2421005 3034732 2391599 2469887 3929670 14246893 0 1117509 896318 375679 753535 587079 3730120 160025211 0.87060 0.84469 X 185549613 16482466 19943982 6925179 215050882 163665268 10177455 20404996 8698106 185549613 162625841 10144504 -3007659 6097418 163665268 145765133 11622769 11907254 6669315 162625841 130102429 6192848 13839633 4369777 145765133 0.05080 0.57540 0.37380 false false 562178 353577 208601 714943 275029 439914 648515 INVESTMENTS-UNCIF 155751162 F PRIVATE EQUITIES 9009917 F GOVERNMENT SECURITIES 7812083 F ALTERNATIVE INVESTMENTS-HVP V 2419376 F 174992538 0 LIABILITIES UNDER CHARITABLE 56307 56307 X 65585758 20701595 2044489 344945 23091029 42494729 42494729 32091051 2044489 169665 2214154 29876897 29876897 Schedule D, Part V, Line 4 INTENDED USE OF ENDOWMENT FUNDS Endowment funds are used for medical education and research. Schedule D, Part X, Line 2 FIN 48 DISCLOSURE The Foundation is exempt from federal income taxes under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3), except on income derived from unrelated business activities. At June 30, 2018 and 2017, the Foundation has not recorded any tax liabilities. The Foundation reviews its tax positions annually and has determined that there are no material uncertain tax positions that require recognition in the financial statements at June 30, 2018 and 2017. SCHEDULE D, PART XI, LINE 2D OTHER ADJUSTMENTS CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS AND LIFE INSURANCE 175,280 DIRECT EXPENSES - FUNDRAISING 169,665 ----------- TOTAL 344,945 SCHEDULE D, PART XII, LINE 2D OTHER ADJUSTMENTS DIRECT EXPENSES - FUNDRAISING 169,665 FAST BREAK 200960 175316 25644 977 3113 3408 11192 WALK FOR CHILDR 142196 142196 9640 137 693 46025 6 217981 22452 195529 8469 10338 6585 26595 500 41993 561137 197768 363369 8469 10338 17202 29845 4601 99210 169665 193704 true UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL 209 SOUTH RD CHAPEL HILL NC 27599 566001393 501(C)(3) 22358014 N/A N/A SEE PART IV 1 0 SCHOLARSHIPS AND AWARDS 344 3267449 N/A N/A Schedule I, Part I, Line 2 MONITORING OF GRANTS IN THE US ManageMent at the Medical Foundation and the University of North Carolina Medical School are in charge of approving and maintaining supporting documentation of grant requests and disbursements. Schedule I, Part II, Column H PURPOSE OF GRANT OR ASSISTANCE SUPPORT EDUCATIONAL AND RESEARCH EFFORTS OF THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL MEDICAL SCHOOL AND UNC HOSPITALS. false false false false false false false false false Betty Mills Whichard VP Fin & Admin, Asst. Treasure 177474 0 0 0 0 0 29885 0 5773 0 213132 0 0 0 William D Whisenant Director of Principal Gifts 162145 0 0 0 0 0 21294 0 5773 0 189212 0 0 0 Sandra J Wilson Sr. Director of Donor Services 133806 0 0 0 0 0 17611 0 4795 0 156212 0 0 0 Mary Margaret Carroll Sr. Executive Director of Deve 129948 0 0 0 0 0 17066 0 5773 0 152787 0 0 0 Schedule J, Part II UNRELATED ORGANIZATION COMPENSATION The organization employees receive compensation and benefits from the University of North Carolina at Chapel Hill, an unrelated organization per 990 instructions. Their compensation is determined in accordance with the pay and employee benefit practices of the North Carolina State Government. The Executive Committee and Interim Foundation President reviewed the compensation paid to each Foundation employee and determined that it is at or below the local market rate of other comparable non-profit organizations. The Foundation provided compensation information to the Executive committee to review for FY 2018. Comparative benchmarks were provided from the AAMC and University of NC that were compared to actual salaries paid. It was determined that the salaries were in line with the benchmarks. X 170 4489416 FMV false true true SCHEDULE M, LINE 32B THIRD PARTY UTILIZED THE FOUNDATION UTILIZES EXTERNAL BROKERS TO PROCESS AND SELL DONATED SECURITIES. Form 990, Part VI, Section B, Line 11 REVIEW OF FORM 990 The Foundation's Form 990 is posted to a secure portal on its website and available for review by all board members for approximately five business days before the return is filed with the IRS. The Foundation's Audit Committee reviews the Form 990 with the Foundation's outside auditors, and upon approval by the Audit Committee the final Form 990 is submitted for filing with the IRS. Form 990, Part VI, Section B, Line 12 CONFLICT OF INTEREST POLICY The Foundation has a written conflict of interest policy. All board members are requested to complete and sign a conflict of interest policy form on an annual basis. Compliance is monitored and the Foundation has policies and procedures in place to ensure board compliance with conflict of interest responses. Form 990, Part VI, Section B, Line 15 DETERMINING COMPENSATION Employees of the Medical Foundation are leased from the University of North Carolina at Chapel Hill. Their compensation is determined in accordance with the pay and employee benefit practices of the North Carolina State Government. The Executive Committee and Interim Foundation President reviewed the compensation paid to each Foundation employee and determined that it is at or below the local market rate of other comparable non-profit organizations. The Foundation provided compensation information to the Executive committee to review for FY 2018. Comparative benchmarks were provided from the AAMC and University of NC that were compared to actual salaries paid. It was determined that the salaries were in line with the benchmarks. Form 990, Part VI, Section C, Line 19 DISCLOSURE OF GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO PUBLIC It is not part of the Medical Foundation's written policies to make these documents available to the public. Form 990, Part VII, Section A Compensation Information Salaries, payroll taxes, and benefits for the Medical Foundation of North Carolina's employees are paid by the University of North Carolina at Chapel Hill. The Foundation reimburses the University for a portion of these personnel costs. The remainder of salaries, payroll taxes, and benefits are contributed services. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS AND LIFE INSURANCE 175,280 Form 990, Part XII, Line 2c COMMITTEE RESPONSIBLE FOR OVERSIGHT OF AUDIT The Audit Committee has oversight for the audit of the financial statements. GROVER C DALE MD MEDICAL RESEARCH TRUST 123 W Franklin Street Suite 510 CHAPEL HILL NC 27516 311474626 RESEARCH NC 501(c)(3) 11 Med Fdn true GROVER C DALE MD SCHOLARSHIP TRUST 123 W Franklin Street Suite 510 CHAPEL HILL NC 27516 311474625 SCHOLARSHIPS NC 501(c)(3) 11 Med Fdn true false false false false false false false false false false false false false false false false false false