Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1939.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
91 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
31 people listed on the 990; $3.0M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Dawn McPherson | — | — | — | — | $700,200 | $171,203 |
| Sue W Stankavage | — | — | — | — | $680,340 | $170,016 |
| John Montgomery | $553,703 | $649,326 | $607,635 | $509,113 | $469,322 | $421,862 |
| Ken Mack | $273,217 | $322,280 | $291,398 | $252,385 | $226,749 | $196,014 |
| Diane Aldridge | $267,750 | $263,040 | $267,914 | $212,074 | $187,165 | $185,554 |
| Seth Reeves | $243,798 | $262,287 | $200,782 | $179,866 | $169,731 | $148,331 |
| Matt Terrell | $213,319 | $240,279 | $226,405 | $179,857 | $156,183 | $150,978 |
| Elizabeth Mackethan | $230,444 | $190,374 | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Funds construction and renovation projects for university athletic facilities.
Questions for The Educational Foundation INC
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Contributions to university of north carolina at chapel hill: contributions to university of north carolina at chapel hill to provide scholarship assistance to student athletes.
Contributions to university of north carolina at chapel hill:contributions to university of north carolina at chapel hill to provide financial assistance to operating budgets for 28 sports, to provide debt service for previous renovations of athletic facilities, to provide assistance with construction of parking facilities on campus, and…
Completed construction of the new soccer and lacrosse stadium complex. Trailing costs on recently completed projects including the recently completed track complex. Continued renovations of the eddie smith fieldhouse to include re-surfacing the track, athlete locker room and lounge enhancements, interior & exterior updates and updated…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $21.3M | $34.6M |
| InvestmentsLn 11–13 | $65.0M | $96.8M |
| Land, buildings, equipmentLn 10c | $70K | $58K |
| Total assetsLn 16 | $148.5M | $193.9M |
| LiabilitiesLn 26 | $132.2M | $136.8M |
| Net assetsLn 32 | $16.3M | $57.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $39.9M | $39.9M | ||
| Pay of current officers, directors and key staffLn 5 | $1.6M | $817K | $385K | $426K |
| Other salaries and wagesLn 7 | $2.4M | $1.2M | $572K | $634K |
| Pension plan contributionsLn 8 | $273K | $137K | $65K | $72K |
| Payroll taxesLn 10 | $256K | $128K | $60K | $67K |
| Legal feesLn 11b | $11K | $11K | ||
| Accounting feesLn 11c | $165K | $165K | ||
| Professional fundraising feesLn 11e | $29K | $29K | ||
| Investment management feesLn 11f | $285K | $285K | ||
| Other fees for servicesLn 11g | $275K | $102K | $172K | |
| Advertising and promotionLn 12 | $515K | $146K | $64K | $304K |
| Office expensesLn 13 | $171K | $86K | $40K | $45K |
| Information technologyLn 14 | $215K | $70K | $62K | $83K |
| OccupancyLn 16 | $301K | $151K | $71K | $79K |
| TravelLn 17 | $92K | $57K | $8K | $26K |
| Conferences, conventions and meetingsLn 19 | $63K | $31K | $15K | $16K |
| InterestLn 20 | $1.4M | $1.4M | ||
| Depreciation, depletion and amortizationLn 22 | $20K | $20K | ||
| InsuranceLn 23 | $167K | $84K | $39K | $44K |
| Other expenses (24a–d)Ln 24 | $594K | $180K | $115K | $300K |
| All other expensesLn 24e | $207K | $21K | $147K | $39K |
| Total functional expensesLn 25 | $48.9M | $44.3M | $2.2M | $2.3M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $99.2M | $66.4M | $32.8M | $152.7M | 990 PDF |
| FY2024 | $76.5M | $64.6M | $11.8M | $111.9M | 990 PDF |
| FY2023 | $81.8M | $78.8M | $3.0M | $93.2M | 990 PDF |
| FY2022 | $82.4M | $44.9M | $37.5M | $95.2M | 990 PDF |
| FY2021 Viewing | $63.8M | $48.9M | $14.9M | $57.1M | 990 PDF |
| FY2020 | $79.2M | $43.4M | $35.8M | $16.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $63,834,996 revenue, 12 lines filed
Part VI · Governance 22 of 22 board members independent, no flags
Part VIII · Statement of revenue $63,834,996 across 10 lines filed
Part IX · Statement of functional expenses $48,905,119 across 21 lines filed
Part X · Balance sheet $193,854,804 assets, 17 lines filed
Part XI · Reconciliation of net assets $57,071,863 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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