2018-02-15T10:28:29-06:00 2017-06-30 BDO USA LLP 1100 Peachtree Street Suite 700 ATLANTA GA 303094516 990 2016-07-01 566049503 NORTH CAROLINA STATE UNIVERSITY FOUNDATION INC % MARY PELOQUIN-DODD NORT 9195137149 NCSU BOX 7207 RALEIGH NC 27695 MARY PELOQUIN-DODD TREASURER 9195137149 2018-02-06 true Sandra L Feinsmith P01064157 4046886841 2018-01-10 38.140.171.210 58727420180465000000 2018-02-15 P 139FCDFD59CF1CDBC9D07F91F29BEF9072C2D2E2 4DB68E9310AB6A0CC47BBA369B123970E8804FD7 2016 2021-01-29 14:40:06Z MARY PELOQUIN-DODD NCSU BOX 7207 RALEIGH NC 27695 55047530 false X SEE SCHEDULE O X 1942 NC SEE SCHEDULE O 26 25 0 25 0 12623499 40244457 5602507 5087017 2048682 4393891 -20959 11644 20253729 49737009 11910625 11699060 0 0 0 716744 546566 602778 3474288 7560148 11283554 20017339 24302136 236390 25434873 352020375 404829880 17112385 22041967 334907990 382787913 SUPPORTS, BY FINANCIAL ASSISTANCE AND OTHERWISE, THE VARIOUS COLLEGES WITHIN THE UNIVERSITY, THE LIBRARIES, AND OTHER UNIVERSITY-CONNECTED FUNCTIONS. false false 19767557 11699060 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. 19767557 true true false false false false false false false true true true false true true true true true false false false false false true true false false true false true false false false false false false false false true false false false true true false false false true 56 0 true 0 false false false false false false false false false false X 26 25 false false false false false false false true true false false true true true true true true true true false X X MARY PELOQUIN-DODD 9195137149 CAMPUS BOX 7207 RALEIGH NC 27695 Robert Boyette Honorary Director 1.0 0.0 X 0 0 0 Michael Constantino Board Member 1.0 0.0 X 0 0 0 Lynn Daniel Board Member 1.0 0.0 X 0 0 0 Ken Dull Board Member 1.0 0.0 X 0 0 0 Elizabeth Godwin Board Member 1.0 0.0 X 0 0 0 Jeffrey Goodman Board Member 1.0 0.0 X 0 0 0 Torry Holt Board Member 1.0 0.0 X 0 0 0 Ira Jackson Past Chair 1.0 0.0 X 0 0 0 Grant Johnston Board Member 1.0 0.0 X 0 0 0 Ghazale Johnston Board Member 1.0 0.0 X 0 0 0 Clifton Knight Board Member 1.0 0.0 X 0 0 0 Joy Moshakos Board Member 1.0 0.0 X 0 0 0 Sherice Nivens Board Member 1.0 0.0 X 0 0 0 David Parker Board Member 1.0 0.0 X 0 0 0 Stuart Phoenix Board Member 1.0 0.0 X 0 0 0 Trent Ragland III Chair 1.0 0.0 X X 0 0 0 Brad Remmey Board Member 1.0 0.0 X 0 0 0 Perry Safran President, NCSU Alumni Associa 1.0 0.0 X 0 0 0 Sepi Saidi Board Member 1.0 0.0 X 0 0 0 Steve Schuster Board Member 1.0 0.0 X 0 0 0 Sam Shain Student Representative 1.0 0.0 X 0 0 0 Charles Stallings Vice Chair 1.0 0.0 X X 0 0 0 Hans Warren JR Board Member 1.0 0.0 X 0 0 0 George Worsley Honorary Director 1.0 0.0 X 0 0 0 Jeffrey Wright Board Member 1.0 0.0 X 0 0 0 Brian Sischo President 1.0 40.0 X 0 407339 39613 Derek Bryan Secretary 1.0 40.0 X 0 66404 13391 Scott Douglass Assistant Treasurer 1.0 40.0 X 0 395557 39608 Mary Peloquin-Dodd Treasurer 1.0 40.0 X 0 252036 37433 Anya Reid Interim Vice President 1.0 40.0 X 0 165322 31052 Jill Tasaico Assistant Treasurer 1.0 40.0 X 0 157522 29912 William Randolph Woodson Chancellor, NC State 1.0 40.0 X 0 810824 46402 0 2255004 237411 0 false true false Ruffalo Noel Levitz PO BOX 718 DES MOINES IA 50303 Fundraising 329794 BDO USA LLP PO BOX 642743 PITTSBURGH PA 15264 Audit & Tax services 104000 2 40244457 2795304 40244457 PROGRAM SERVICE REVENUE 611710 5087017 5087017 5087017 502259 502259 0 0 0 0 0 9149147 5257515 3891632 3891632 3891632 64650 53006 11644 11644 0 0 0 0 0 0 0 49737009 5087017 4405535 11699060 11699060 0 0 0 0 0 716744 716744 0 0 0 0 68709 51039 13800 3870 203515 116515 87000 0 602778 602778 958239 958239 0 344670 61260 283410 210095 58294 151801 0 0 34338 31682 2656 993324 821150 172174 0 270413 137675 132738 0 0 218418 218418 77339 13638 63701 MISC SERVICES & FEES 4728948 4679743 1252 47953 CONTRACTED SERVICES 1496300 897433 598867 OTHER EXPENSES 938348 505450 432898 SUPPLIES 740898 476200 264698 24302136 19767557 1060291 3474288 439437 0 25726787 25019133 66965398 66373160 190150 84695 0 0 0 0 0 0 0 0 0 0 11610285 2311942 8806873 9298343 0 0 230492053 283498211 0 0 0 0 19399677 20556338 352020375 404829880 523895 630109 0 0 0 8545 0 0 0 0 0 0 0 0 0 0 16588490 21403313 17112385 22041967 X 12347845 13808426 97642601 119109772 224917544 249869715 334907990 382787913 352020375 404829880 X 25434873 27533614 -5088564 X false true X true false X 43078861 59558407 28670217 12623499 40244457 184175441 0 0 43078861 59558407 28670217 12623499 40244457 184175441 124945847 59229594 258675 427204 421440 435286 502259 2044864 0 0 186220305 25015031 0.31806 0.33114 X Part II, Section C, line 17a THE NORTH CAROLINA STATE UNIVERSITY FOUNDATION PROVIDES FINANCIAL SUPPORT TO THE VARIOUS COLLEGES WITHIN NORTH CAROLINA STATE UNIVERSITY, THE LIBRARIES AND OTHER UNIVERSITY CONNECTED FUNCTIONS. NORTH CAROLINA STATE UNIVERSITY IS A RESEARCH-EXTENSIVE UNIVERSITY DEDICATED TO THE CREATION AND APPLICATION OF KNOWLEDGE TO BENEFIT ITS STUDENTS AS WELL AS THE GENERAL PUBLIC. THE FOUNDATION MAINTAINS A CONTINUOUS PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC. THE FOUNDATION SOLICITS FUNDS IN ALL 50 STATES AND HOLDS SOLICITATION LICENSES IN THESE STATES WHERE APPLICABLE. DURING THE FISCAL YEAR ENDED JUNE 30, 2017, THE FOUNDATION RECEIVED CONTRIBUTIONS FROM APPROXIMATELY 15,112 SEPARATE DONORS. IN ADDITION, THE FOUNDATION HAS A GOVERNING BODY WHICH REPRESENTS THE BROAD INTERESTS OF THE PUBLIC. THE FOUNDATION IS GOVERNED BY 26 VOTING DIRECTORS THAT SERVE A FOUR YEAR TERM. THEIR SUCCESSORS ARE ELECTED BY A MAJORITY VOTE OF THE VOTING DIRECTORS AT THE ANNUAL MEETING. A SLATE OF DIRECTOR CANDIDATES IS CHOSEN FROM A LARGE POOL OF CANDIDATES WHICH IS CREATED AND MANAGED IN AN ONGOING MANNER BY THE NOMINATIONS COMMITTEE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 286885610 27176540 30746115 9432630 335375635 290759463 4697015 -5430588 3140280 286885610 262783166 14828518 20023712 2886077 3989856 290759463 207512485 33091038 25156081 2976438 262783166 110204021 86730938 13285237 2707711 207512485 0.01930 0.74500 0.23570 true false 2586350 2586350 9023935 2311942 6711993 9298343 NC STATE INVESTMENT FUND 262073265 F KASPICK- LIFE INCOME 9599571 F STIF 720656 F SRI FUND 11104719 F 283498211 OTHER ASSETS 292683 RECEIVABLE FROM UNIVERSITY 16611 EXTERNALLY MANAGED IRREVOCABLE 20247044 20556338 0 LIFE INCOME FUNDS PAYABLE 5879006 DUE TO OTHERS 1289635 OTHERS 828862 TRUST 13405810 21403313 X 73187652 27533614 1609000 -4733732 24408882 48778770 958239 958239 49737009 24952897 1609000 1609000 23343897 958239 958239 24302136 Part V, Line 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF 640 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, 2017, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE 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 2013. Part XI, Line 2D - Other Adjustments: CHANGE IN VALUE OF CHARITABLE LEAD TRUST (411,147) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT (4,322,585) TOTAL TO SCHEDULE D, PART XI, LINE 2D (4,733,732) X X X true Ruffalo Noel Levitz 1025 Kirkwood Pkwy SW Cedar Rapids IA 52404 Giving Program false 933494 549772 383772 933494 549772 383772 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 design gala 64650 64650 42386 3850 6770 0 64650 64650 42386 3850 6770 53006 11644 SCHEDULE G, PART I, LINE 2B, LIST OF TEN HIGHEST PAID FUNDRAISERS: (I) NAME OF FUNDRAISER: RUFFALO NOEL levitz (I) ADDRESS OF FUNDRAISER: 1025 KIRKWOOD PKWY SW, CEDAR RAPIDS, IA 52404 SCHEDULE G, LINE 2B, COLUMN IV-GROSS RECEIPTS FROM ACTIVITY: TOTAL DONATIONS RAISED DURING THE ANNUAL GIVING PROGRAM WERE $933,494. 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 $761,989. true NORTH CAROLINA STATE UNIVERSITY NCSU BOX 7205 RALEIGH NC 27695 566000756 170(C)(1) 11699060 BOOK VALUE 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. false false false false false false false false false Brian Sischo President 0 405367 0 1972 0 0 0 34033 0 5580 0 446952 0 0 Scott Douglass Assistant Treasurer 0 383175 0 12382 0 0 0 34028 0 5580 0 435165 0 0 Mary Peloquin-Dodd Treasurer 0 252036 0 0 0 0 0 31853 0 5580 0 289469 0 0 Anya Reid Interim Vice President 0 165322 0 0 0 0 0 25472 0 5580 0 196374 0 0 Jill Tasaico Assistant Treasurer 0 157522 0 0 0 0 0 24332 0 5580 0 187434 0 0 William Randolph Woodson Chancellor, NC State 0 806775 0 4049 0 0 0 40358 0 6044 0 857226 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 46 2530231 fmv X ira rollover 19 265073 fmv 4 false true false Form 990, Page 1, Question J - Website HTTP://FOUNDATIONSACCOUNTING.OFA.NCSU.EDU/FOUNDATIONS/NC-STATE- UNIVERSITY-FOUNDATION-INC FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: SUPPORTS, BY FINANCIAL ASSISTANCE AND OTHERWISE, THE VARIOUS COLLEGES WITHIN THE UNIVERSITY, THE LIBRARIES, AND OTHER UNIVERSITY-CONNECTED FUNCTIONS. 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 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 11: FORM 990 IS REVIEWED BY 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- FOUNDATION-INC. OTHER GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: TRANSFER TO OTHER UNIVERSITY ENTITIES (354,832) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS (4,322,585) CHANGE IN VALUE OF CHARITABLE LEAD TRUSTs (411,147) TOTAL TO FORM 990, PART XI, LINE 9 (5,088,564) NC STATE EXECUTIVE EDUCATION LLC NCSU BOX 7207 RALEIGH NC 27695 566049503 Support NC 1619916 233748 NC Uni FDTN NORTH CAROLINA VETERINARY MEDICAL FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 581344473 SUPPORT NC 501(C)(3) 170(B)1A IV NA false NORTH CAROLINA TOBACCO FOUNDATION Inc NCSU BOX 7207 RALEIGH NC 27695 591715828 SUPPORT NC 501(C)(3) 170(B)1A IV NA false THE NORTH CAROLINA AGRICULTURAL FDTNINC NCSU BOX 7207 RALEIGH NC 27695 566049304 SUPPORT NC 501(C)(3) 170(B)1A IV NA false NC STATE ENGINEERING FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 566046987 SUPPORT NC 501(C)(3) 170(B)1A IV NA false NC STATE UNIVERSITY COLLEGE OF SCIENCES FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 581524289 SUPPORT NC 501(C)(3) 170(B)1A IV NA false NC STATE NATURAL RESOURCES FOUNDATION INC NCSU BOX 7207 RALEIGH NC 27695 560653350 SUPPORT NC 501(C)(3) 170(B)1A IV NA false NORTH CAROLINA STATE UNIVERSITY ALUMNI ASSOCIATIONINC NCSU BOX 7207 RALEIGH NC 27695 566035544 ALUMNI NC 501(C)(3) 170(B)1A IV NA false NC STATE UNIVERSITY PARTNERSHIP CORPORATION NCSU BOX 7207 RALEIGH NC 27695 561444287 SUPPORT NC 501(C)(3) 509(A)(3) NA false NORTH CAROLINA STATE UNIVERSITY CLUB INC PO BOX 33067 RALEIGH NC 27636 560769351 PROVISION NC 501(C)(7) N/A NA false North Carolina STATE UNIVERSITY NCSU BOX 7205 RALEIGH NC 27695 566000756 EDUCATION NC 170(C)(1) 170(B)1A II NA false NC STATE UNIVERSITY STUDENT AID ASSOCIATION INC PO BOX 37100 RALEIGH NC 27627 560650623 ATHLETIC NC 501(C)(3) 170(B)1A IV NA false NORTH CAROLINA TEXTILE FOUNDATIONINC NCSU BOX 8301 RALEIGH NC 27695 566045324 SUPPORT NC 501(C)(3) 170(B)1A IV NA false NC STATE INVESTMENT FUND INC NCSU BOX 7207 RALEIGH NC 27695 311607634 FUND INVEST NC 501(C)(3) 509(A)(3) NA false CHARITABLE REMAINDER TRUSTS (14) ASSET INVESTM NC NC STATE UNIV TRUST false Charitable Remainder Trusts-External (1) ASSET INVESTM NC NA TRUST false CHARITABLE LEAD TRUST (2) ASSET INVEST NC NA TRUST false false true false true false false false false false true false true false true true true true true false PART IV, IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS CORP OR TRUST: NAME OF RELATED ORGANIZATION: CHARITABLE REMAINDER TRUSTS (14) DIRECT CONTROLLING ENTITY: NORTH CAROLINA STATE UNIVERSITY FOUNDATION, INC. CHARITABLE REMAINDER TRUSTS - External (1) CHARITABLE Lead Trust (2)