Overview
What is The University Of North Carolina At Greensboro Investment Fund Inc?
The University of North Carolina at Greensboro Investment Fund Inc functions as a nonprofit organization, primarily accepting asset transfers from UNCG Endowment and affiliated foundations for the benefit of the university. Based in Greensboro, North Carolina, the organization's primary mission is to manage the investment of these assets. The investment portfolio incurred a loss of 7% during the fiscal year, with the spending derived from a three-year average. The distributions from the investments support scholarships, professorships, and departmental spending at UNCG.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The University Of North Carolina At Greensboro Investment Fund Inc has achieved an impressive Four-Star rating from Charity Navigator, signifying a strong commitment to accountability and financial transparency. This high score is solely derived from their Accountability & Finance metrics, indicating a well-managed organization with a focus on responsible financial practices.
One of the key strengths highlighted is the independent composition of their board, with 81% of members being independent, which fosters impartial decision-making. Additionally, the fund has demonstrated excellent financial oversight, with a perfect score in audit and oversight measures and no reported material diversions of assets. The organization also adheres to best practices regarding conflict of interest and whistleblower policies.
However, while the fund displays a commendable program expense ratio of over 89%, which reflects a significant portion of resources directed towards its mission, ongoing evaluation and transparency will be essential to maintain this level of excellence in governance and financial stewardship. Overall, the organization showcases a strong framework supporting its operations and mission, contributing positively to its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The University Of North Carolina At Greensboro Investment Fund Inc legitimate?
The University Of North Carolina At Greensboro Investment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The University Of North Carolina At Greensboro Investment Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The University Of North Carolina At Greensboro Investment Fund Inc?
The University of North Carolina at Greensboro Investment Fund Inc serves a crucial role by managing the investments of assets transferred from the UNCG Endowment Fund and affiliated foundations. This entity contributes significantly to the university by handling its investment portfolio. In the previous fiscal year, the fund experienced an investment loss of 7%. The distributions from the fund are utilized for scholarly pursuits, faculty positions, and departmental expenditures at the university. The UNCG Endowment received $9,211,755, the UNCG Excellence Foundation received $6,778,472, and UNCG Campus Ministries received $30,474 from the distributions.
What is the revenue of The University Of North Carolina At Greensboro Investment Fund Inc?
The University Of North Carolina At Greensboro Investment Fund Inc's revenue in 2024 was $7,846,316.
Who are the executives of The University Of North Carolina At Greensboro Investment Fund Inc and what are their salaries?
There 11 volunteers at The University Of North Carolina At Greensboro Investment Fund Inc.
Here are 17 key members and their salaries:
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- Related: $300,770
- Other: $73,490
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- Other: $86,286
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- Related: $295,581
- Other: $46,775
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- Other: $38,656
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- Related: $165,588
- Other: $49,033
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- Related: $233,944
- Other: $40,203
- Compensation: $0
- Related: $213,427
- Other: $59,954
Where can I find the form 990 for The University Of North Carolina At Greensboro Investment Fund Inc?
The University Of North Carolina At Greensboro Investment Fund Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The University Of North Carolina At Greensboro Investment Fund Inc
The University of North Carolina at Greensboro Investment Fund Inc serves as a vital entity, responsible for managing the investments of assets transferred from the UNCG Endowment Fund and affiliated foundations. These funds, in turn, support the University of North Carolina at Greensboro (UNCG).
With a mission to benefit UNCG, this investment fund takes on the crucial role of overseeing the financial growth of these resources. By effectively managing the investment of these assets, the fund contributes significantly to the University's financial stability. The fiscal year saw an investment loss of 7%, but the spending from the endowments is based on a three-year average and is utilized for scholarships, professorships, and departmental spending.
Moreover, during the fiscal year, distributions were made to various entities related to UNCG. The UNCG Endowment received $9,211,755, the UNCG Excellence Foundation received $6,778,472, and UNCG Campus Ministries received $30,474. These distributions play a pivotal role in supporting various aspects of UNCG, ultimately enhancing the educational experience for students and contributing to the ongoing research and development within the University.
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Impact
October, 2024
The University of North Carolina at Greensboro Investment Fund Inc plays a crucial role in supporting the academic and operational needs of the university. By managing the investments derived from the UNCG Endowment Fund and affiliated foundations, the fund ensures a steady flow of financial resources necessary for various programs and initiatives.
The fund's impact is evident in its distributions, which include over $9.2 million allocated to the UNCG Endowment, approximately $6.8 million to the UNCG Excellence Foundation, and around $30,474 to UNCG Campus Ministries. These financial resources are vital for funding scholarships, supporting professorships, and addressing departmental needs, thereby enhancing the educational experience for students and the overall mission of the university.
Despite facing investment losses of 7% in the fiscal year, the fund employs a strategy of averaging past three years' performance for endowment spending, which helps buffer the impact of market fluctuations. This strategic financial management reinforces the foundation of support for UNCG, ensuring that academic goals are met and that the university remains a thriving educational institution in Greensboro, NC.
This information is meant to be a general summary of The University Of North Carolina At Greensboro Investment Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $2,805,491
- Gross Receipts: $12,949,235
Assets and Liabilities:
- Total Assets: $369,290,686
- Total Liabilities: $650,891
- Net Assets: $368,639,795
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Organization Details
Founding Year
1992
Principal Officer
Robert J Shea Jr
NTEE Category
Code: B110 - Education
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