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        <ExplanationTxt>THE BYLAWS REQUIRE THAT THE BOARD OF DIRECTORS CONSIST OF THE FOLLOWING: (1) CHAIR OF THE UNIVERSITY OF NORTH CAROLINA BOARD OF GOVERNORS (2) PRESIDENT OF THE UNIVERSITY OF NORTH CAROLINA (CHAIR AND PRESIDENT) (3) CHIEF OPERATING OFFICER OF THE UNIVERSITY OF NORTH CAROLINA (TREASURER) (4) SENIOR VICE PRESIDENT FOR ACADEMIC AFFAIRS OF THE UNIVERSITY OF NORTH CAROLINA (5) CHIEF OF STAFF OF THE UNIVESITY OF NORTH CAROLINA (6) VICE PRESIDENT FOR LEGAL AFFAIRS AND GENERAL COUNSEL OF THE UNIVERSITY OF NORTH CAROLINA (SECRETARY)</ExplanationTxt>
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          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
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      <RevenueSubtotalAmt>51806</RevenueSubtotalAmt>
      <RevenueNotReportedFinclStmtAmt>0</RevenueNotReportedFinclStmtAmt>
      <TotalRevenuePerForm990Amt>51806</TotalRevenuePerForm990Amt>
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      <ExpensesNotReportedAmt>0</ExpensesNotReportedAmt>
      <ExpensesSubtotalAmt>539852</ExpensesSubtotalAmt>
      <ExpensesNotRptFinclStmtAmt>0</ExpensesNotRptFinclStmtAmt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11</FormAndLineReferenceDesc>
        <ExplanationTxt>FORM 990 IS REVIEWED BY THE BOARD PRIOR TO FILING.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>UNC FOUNDATION ESTABLISHES AND MAINTAINS CONFLICT OF INTEREST POLICIES PERTAINING TO ITS RELATIONSHIP WITH UNC, MEMEBERS OF THE GOVERNING BOARD AND PERSONS DOING BUINESS WITH UNC FOUNDATION.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>ORGANIZATION DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.</ExplanationTxt>
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