2017-11-15T07:12:46-06:00 2017-06-30 KPMG LLP 300 North Greene Street Suite 400 Greensboro NC 27401 990 2016-07-01 586033837 THE UNIVERSITY OF GEORGIA FOUNDATION % REBECCA V CARAVATI UNIV 7065426677 394 SOUTH MILLEDGE AVESTE 100 ATHENS GA 30602 REBECCA V CARAVATI CFO/COO 7045426677 2017-11-14 true DAVID L STARK P00892024 3362753394 2017-11-09 167.68.102.5 56038220173195000001 2017-11-15 P AC5F70909CD43384E85D0B69CE1CD0A1ADB1B4C1 C8CB3EFEA1BF4B35460B00C83F6DA374EAE250A1 2016 2021-01-29 14:40:06Z REBECCA V CARAVATI 394 SOUTH MILLEDGE AVE ATHENS GA 30602 273052440 false X WWW.UGAFOUNDATION.ORG X 1937 GA TO SUPPORT THE UNIVERSITY OF GEORGIA 45 42 0 51 214064 0 92833374 108820446 1871843 2279598 15955928 37857670 6502328 5507942 117163473 154465656 50859549 57968748 0 0 0 0 0 0 3698159 20566904 21097772 71426453 79066520 45737020 75399136 1068119241 1218700401 91926035 95844622 976193206 1122855779 TO SUPPORT THE UNIVERSITY OF GEORGIA false false 70134292 57968748 4068372 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. 70134292 true true false false false false true true false true true true false false true true false true false true true true 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 395 0 true 0 true true true CS false false false true true false false false false X 45 42 false false false false false false false true true false false true true true true true true true true false GA X X REBECCA V CARAVATI 7065426677 394 MILLEDGE AVENUE SUITE 100 ATHENS GA 30602 KENNETH G JACKSON CHAIR 8.0 0.0 X X 0 0 0 WILLIAM DOUGLAS VICE-CHAIR 5.0 0.0 X X 0 0 0 STEVE C JONES SECRETARY 2.0 0.0 X X 0 0 0 TERRY S BROWN TREASURER 4.0 0.0 X X 0 0 0 DANIEL P AMOS TRUSTEE 2.0 0.0 X 0 0 0 KATHRYN L ASH TRUSTEE 2.0 0.0 X 0 0 0 ELEANOR BANISTER TRUSTEE 2.0 0.0 X 0 0 0 RUTH BARTLETT EX-OFFICIO TRUSTEE 1.0 0.0 X 0 0 0 DAVID BATTLE TRUSTEE 2.0 0.0 X 0 0 0 GARY BRIDGEMAN TRUSTEE 2.0 0.0 X 0 0 0 MARK CHANDLER TRUSTE 1.0 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 JOHN H CRAWFORD IV TRUSTEE 4.0 0.0 X 0 0 0 JENNIFER FLANAGAN TRUSTEE 2.0 0.0 X 0 0 0 HENRY D GREGORY JR TRUSTEE 1.0 0.0 X 0 0 0 C WILLIAM GRIFFIN TRUSTEE 2.0 0.0 X 0 0 0 ANDREW HEAD TRUSTEE 1.0 0.0 X 0 0 0 SAMUEL D HOLMES TRUSTEE 2.0 0.0 X 0 0 0 STEPHEN JOINER TRUSTEE 1.0 0.0 X 0 0 0 KELLY KERNER EX-OFFICIO TRUSTEE 15.0 40.0 X 0 349771 50096 JOHN O KNOX JR TRUSTEE 2.0 0.0 X 0 0 0 EMILY D LAWSON TRUSTEE 1.0 0.0 X 0 0 0 RUSSELL C LINDNER TRUSTEE 2.0 0.0 X 0 0 0 JOHN MANGAN TRUSTEE 2.0 0.0 X 0 0 0 JAMES MCCURRY TRUSTEE 1.0 0.0 X 0 0 0 TED MCMULLAN TRUSTEE 1.0 0.0 X 0 0 0 JERE W MOREHEAD EX-OFFICIO TRUSTEE 3.0 40.0 X 0 616944 244233 C READ MORTON JR TRUSTEE 2.0 0.0 X 0 0 0 JOHN S NEEL JR TRUSTEE 0.5 0.0 X 0 0 0 THOMAS H PARIS III TRUSTEE 3.0 0.0 X 0 0 0 NEAL J QUIRK TRUSTEE 5.0 0.0 X 0 0 0 STANLEY W SHELTON TRUSTEE 2.0 0.0 X 0 0 0 SUSAN SHERMAN TRUSTEE 0.5 0.0 X 0 0 0 STEPHEN W SMITH TRUSTEE 0.5 0.0 X 0 0 0 JOHN P SPALDING TRUSTEE 2.0 0.0 X 0 0 0 ROBERT H STOLZ TRUSTEE 3.0 0.0 X 0 0 0 BARRY STOREY TRUSTEE 1.0 0.0 X 0 0 0 SUSAN C WALTMAN TRUSTEE 3.0 0.0 X 0 0 0 WILLIAM YOUNG TRUSTEE 3.0 0.0 X 0 0 0 LARRY THOMPSON TRUSTEE 1.0 0.0 X 0 0 0 ALISON AUSBAND TRUSTEE 2.0 0.0 X 0 0 0 JAMES CHILDS TRUSTEE 2.0 0.0 X 0 0 0 FRANK FOLEY TRUSTEE 2.0 0.0 X 0 0 0 JANET FRICK EX-OFFICIO TRUSTEE 2.0 40.0 X 0 97788 36443 BRANDON SCOTT INTERIM CFO 40.0 0.0 X 0 126650 18211 CYNTHIA COYLE FORMER EXECUTIVE DIRECTOR 40.0 0.0 X 0 208270 23151 0 1399423 372134 0 true true false PRIME BUCHHOLZ ASSOCIATES INC 25 CHESTNUT STREET PORTSMOUTH NH 03801 INVESTING SERVICES 481719 TRUMPS CATERING 2026 S MILLEDGE AVE STE B ATHENS GA 30605 CATERING SERVICES 392807 INTERCONTINENTAL BUCKHEAD ATLANTA 3315 PEACHTREE RD NE ATHENS GA 30326 MEETING/CATERING SVC 306754 THE CLASSIC CENTER AUTHORITY 300 N THOMAS STREET ATHENS GA 30601 MEETING/CATERING SVC 215876 KPMG LLP 3 CHESTNUT RIDGE RD MONTVALE NJ 07645 ACCOUNTING SERVICES 210658 11 1115267 4634236 103070943 40696596 108820446 RENTS FROM STUDY ABROAD 531110 1087217 1087217 INVESTMENT FEE FROM RELATED ORG 525990 274234 274234 EVENT REGISTRATIONS 900099 918147 918147 2279598 10836195 214064 10622131 0 3676944 3676944 0 0 0 145046240 76335 117255025 846075 27791215 -769740 27021475 27021475 527908 1115267 485684 42224 42224 0 0 0 0 0 0 LICENSE PLATE REVENUE 900099 588840 588840 OTHER 900099 1199934 1199934 1788774 154465656 4068372 214064 41362774 57912428 57912428 0 56320 56320 0 0 0 0 0 0 0 0 170268 34619 135649 223060 223060 0 0 718131 718131 1016155 669053 103998 243104 1012101 784670 33411 194020 938282 587813 77917 272552 303165 303165 0 1202909 1025775 13 177121 1063288 915915 95931 51442 0 6219415 4585036 468941 1165438 0 0 1230014 629088 600926 95439 41507 53215 717 REIMBURSEMENTS TO UGA 3214005 3214005 TRANSFERS AND DISTRIBUTIONS 1484698 1484698 MONETARY AWARDS 424255 424255 PROFESSIONAL DUES/MEMBERSHIPS 198902 137563 30045 31294 1583685 845552 79753 658380 79066520 70134292 5234069 3698159 12239932 17492529 101358401 113570412 56261978 57787614 1170473 1169692 0 0 0 0 200845 252785 0 0 313014 365372 44419704 6977355 38048864 37442349 441228140 479589071 412491931 506131448 0 0 0 0 4805663 4899129 1068119241 1218700401 2336216 3682994 0 0 0 0 0 0 0 0 0 0 17269677 16791136 0 0 72320142 75370492 91926035 95844622 X 103852384 121435876 387038762 461685019 485302060 539734884 976193206 1122855779 1068119241 1218700401 X 75399136 69005837 2257600 X false true X true false X 60835966 61801918 73213395 92833374 110652088 399336741 0 0 60835966 61801918 73213395 92833374 110652088 399336741 38365009 360971732 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DEFERRED REVENUE 641469 75370492 X 227008313 69005837 4146735 73152572 153855741 609915 609915 154465656 80345740 1889135 1889135 78456605 609915 609915 79066520 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 consolidated financial statements for 2017 and 2016. PART XI, LINE 2D CHANGE IN VALUE OF ANNUITIES 299,797 CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 93,464 CHANGE IN FAIR VALUE OF DERIVATIVES 1,766,237 CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 197,812 INCOME FROM SUBSIDIARY 1,303,741 FUNDRAISING EXPENSE 485,684 TOTAL 4,146,735 PART XII, LINE 2D EXPENSE FROM SUBSIDIARY 1,403,451 FUNDRAISING EXPENSE 485,684 TOTAL 1,889,135 true Central America and the Caribbean 1 36 Program Services SUPPORT ACADEMIC PRGMS 1403451 1 36 1 36 1403451 1403451 Central America and the Caribbean ACADEMIC PROGRAM SUPPORT 56320 WIRE TRANSFE 0 N/A FMV 0 1 true false true true true false PART I, LINE 2 MONITORING THE USE OF GRANT FUNDS THE GRANT MADE BY THE UNIVERSITY OF GEORGIA FOUNDATION WAS MADE TO UGA ECOLODGE AND RESEARCH STATION, S.A., A WHOLLY OWNED FOREIGN CORPORATION. THE UNIVERSITY OF GEORGIA FOUNDATION EXPECTS THE FUNDS TO BE USED FOR THE UNIVERSITY'S STUDY ABROAD PROGRAM, AND AS SUCH, SUBSEQUENTLY MONITORS THE GRANT. false GALA 587446 288490 298956 5000 130191 1000 98214 BALL 278214 249298 28916 45729 2500 17659 20 777515 577480 200035 5148 77251 1500 101491 1643175 1115268 527907 10148 253171 5000 217364 485683 42224 false THE UNIVERSITY OF GEORGIA BROAD STREET ATHENS GA 30602 586001998 GOV'T 34114508 N/A N/A SCHOLARSHIPS & OTHER SUPPORT NATIONAL MERIT SCHOLARSHIP PO BOX 99389 CHICAGO IL 60693 362307745 501(C)(3) 63000 N/A N/A SCHOLARSHIPS UGA ATHLETIC ASSOCIATION 1 SELIG CIRCLE BUTTS MEHRE BUILDIN ATHENS GA 30602 580652581 501(C)(3) 23651780 N/A N/A SCHOLARSHIPS & CONSTRUCTION UGA REAL ESTATE FOUNDATION 1280 SOUTH LUMPKIN STREET ATHENS GA 30602 582491922 501(C)(3) 106925 N/A N/A CONSTRUCTION PROJECTS 4 0 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 CYNTHIA COYLE FORMER EXECUTIVE DIRECTOR 0 207663 0 0 0 607 0 17531 0 5620 0 231421 0 0 KELLY KERNER EX-OFFICIO TRUSTEE 0 345697 0 0 0 4074 0 24486 0 25610 0 399867 0 0 JERE W MOREHEAD EX-OFFICIO TRUSTEE 0 592944 0 0 0 24000 0 236147 0 8086 0 861177 0 0 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 $204,014 FROM A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN, PAID BY THE UNIVERSITY OF GEORGIA, A RELATED ORGANIZATION. X 199 37757438 FMV X 1 1146500 FMV X 2 838500 APPRAISAL X HORSES 11 954158 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 299,797 CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 93,464 CHANGE IN FAIR VALUE OF DERIVATIVES 1,766,237 CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 197,812 INCOME FROM SUBSIDIARY (99,710) TOTAL 2,257,600 THE UNIVERSITY OF GEORGIA BROAD STREET ATHENS GA 30602 586001998 PUBLIC UNIVER GA 501(C)(3) 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) 11e UGA RESEARCH false UGA ECOLODGE AND RESEARCH STATION SA SANTA ELENA DE MONTEVERDE PUNTARENAS COSTA RICA CS SEE PART VII CS UGA FOUNDATION C CORP -99710 2693089 1.00000 true false true true false false false false false true false false false true true false false true false UNIVERSITY OF GEORGIA B 34114508 CASH UGA ATHLETIC ASSOCIATION B 23651780 CASH UGA REAL ESTATE FOUNDATION B 106925 CASH UNIVERSITY OF GEORGIA R 3986213 CASH UNIVERSITY OF GEORGIA J 1087217 RENT REVENUE UGA ATHLETIC ASSOCIATION C 4634236 CASH UGA ATHLETIC ASSOCIATION R 1838358 CASH & PROPERTY USG FOUNDATION C 43000 CASH UGA ECOLODGE SAN LUIS & RESEARCH STATION B 56320 CASH PART IV, LINE 1 MANAGE COSTA RICA STUDY ABROAD PROGRAM & SUPPORT RESEARCH.