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.
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.
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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?
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.
Impact
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.
Thursday, August 15, 2024
The University of North Carolina at Greensboro Investment Fund Inc plays a crucial role in managing the investment of assets transferred from the UNCG Endowment Fund and affiliated foundations, benefiting the university. The fund's activities directly impact UNCG by making strategic investments for related entity endowments. Despite facing a 7% investment loss for the fiscal year, the fund continues to support UNCG's mission by providing essential funding for scholarships, professorships, and departmental spending.
Through its distributions to entities like the UNCG Endowment, UNCG Excellence Foundation, and UNCG Campus Ministries, the fund contributes significantly to the university's growth and development. By effectively managing these assets and ensuring sustainable investment practices, The University of North Carolina at Greensboro Investment Fund Inc plays a vital role in supporting UNCG's educational initiatives and future success.
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 2022.
- Assets and Liabilities:
Organization Details
Founding Year
1992
Phone
(336) 334-4079
Principal Officer
Robert J Shea Jr
Main Address
PO BOX 26170, GREENSBORO, NC, 27402
NTEE Category
Code: B110 - Education
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