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Uncg Excellence Foundation INC

Tax-deductible

Greensboro, NC501(c)(3)Since 1966EducationEIN 56-6086393Revenue $50.6M in FY2025

On file with the IRSPo Box 26170, 27402-6170 · Greensboro, NCTax-exempt since Sep 1967Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the Uncg Excellence Foundation is to conduct fundraising programs and activities; to invest and manage Foundation resources in a responsible manner that balances growth and support for designated university programs; and to develop interest in and support for the university within the corporate, Foundation, and political arenas.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 57 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $9.1M a year · 51% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6.4M
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
27
of 29 voting members
Looks good: 27 of 29 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$50.6M
×10 vs prior year
Spent
$9.0M
To programs
85%
Net assets
$245.6M
By yearFY2021–FY2025
Revenue
$50.6M
FY2025▲ ×10
Tap a bar for its year
Revenue by fiscal year
FY2021$11.1M
FY2022$12.3M
FY2023$10.8M
FY2024$5.0M
FY2025$50.6M
Expenses
$9.0M
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2021$8.7M
FY2022$8.7M
FY2023$9.0M
FY2024$8.6M
FY2025$9.0M
Net assets
$245.6M
FY2025▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2021$195.2M
FY2022$182.3M
FY2023$198.6M
FY2024$219.4M
FY2025$245.6M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1967.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $7.7M Management & general 15% · $1.3M

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

30 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Justin Outling
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Dawn Chaney
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Uncg Excellence Foundation INC executive salaries →

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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 15aNo

Programs and updates

Raises funds and manages resources to support university programs and build community interest.

Questions for Uncg Excellence Foundation INC

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Provided by the organization

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2 programs · $7.7M · in their own filed words · FY2024
01

Uncg scholarship, departmental and professorships

$7.6Mprogram expense
02

Weatherspoon art museum council

$86Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Piedmont Triad Charitable FoundationFY2025$3K
Total grants receivedfrom 1 funder$3K
Grants paid · 10 grants · $37.1M · 2020–2024
The University of North Carolina at GreensboroFY2024$7,605,791
University of North Carolina at Greensboro Weatherspoon Arts FoundNC · FY2024$86,272
The University of North Carolina at GreensboroFY2023$6,905,148
University of North Carolina at Greensboro Weatherspoon Arts FoundNC · FY2023$611,500
The University of North Carolina at GreensboroFY2022$7,253,639
University of North Carolina at Greensboro Weatherspoon Arts FoundNC · FY2022$151,015
The University of North Carolina at GreensboroFY2021$6,928,570
University of North Carolina at Greensboro Weatherspoon Arts FoundNC · FY2021$133,523
The University of North Carolina at GreensboroFY2020$7,295,387
University of North Carolina at Greensboro Weatherspoon Arts FoundNC · FY2020$94,862

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$50.6M
Ln 12
Investment incomeLn 3$36.1M
Gifts and grantsLn 1h$14.3M
Other incomeLn 4–11$194K
Money outPt IX
$9.0M
Ln 25
Programscol B$7.7M
Managementcol C$1.3M
Owns and owesPt X
$245.6M
net assets · Ln 32
Cash and savingsLn 1–2$4.9M
Total assetsLn 16$251.9M
LiabilitiesLn 26$6.4M
PeoplePt VI, VII
30
listed · VII A
PaidVII A0
Voting boardVI 1a29
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$14.3M
Noncash giftsLn 1g$513K
Fundraising eventsLn 1c$26K
Investment incomeLn 3$36.1M
Other incomeLn 4–11$194K
Gains on assetsLn 7$33.1M
Total revenueLn 12$50.6M
Assets in detailPt X, end of year
CashLn 1$2.2M
SavingsLn 2$2.7M
Cash and savings togetherLn 1–2$4.9M
InvestmentsLn 11–13$244.1M
Land, buildings, equipmentLn 10c$739K
Total assetsLn 16$251.9M
LiabilitiesLn 26$6.4M
Net assetsLn 32$245.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 657
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$4.7M$4.9M
InvestmentsLn 11–13$220.0M$244.1M
Land, buildings, equipmentLn 10c$739K$739K
Total assetsLn 16$226.1M$251.9M
LiabilitiesLn 26$6.7M$6.4M
Net assetsLn 32$219.4M$245.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$7.7M$7.7M
Legal feesLn 11b$25K$25K
Accounting feesLn 11c$23K$23K
Investment management feesLn 11f$889K$889K
Other fees for servicesLn 11g$167K$167K
Advertising and promotionLn 12$176K$176K
Office expensesLn 13$2K$2K
Depreciation, depletion and amortizationLn 22$20K$20K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$29K$29K
Total functional expensesLn 25$9.0M$7.7M$1.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $50.6M$9.0M$41.5M$245.6M 990 PDF
FY2024 $5.0M$8.6M−$3.6M$219.4M 990 PDF
FY2023 $10.8M$9.0M$1.8M$198.6M 990 PDF
FY2022 $12.3M$8.7M$3.6M$182.3M 990 PDF
FY2021 $11.1M$8.7M$2.4M$195.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $50,557,948 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,621,867$14,257,562
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$644,393$36,106,417
I-11 Other revenuePrior year $4,970$193,969
I-12 Total revenuePrior year $4,982,444$50,557,948
I-13 Grants and similar amounts paidPrior year $7,516,648$7,692,063
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,094,464$1,335,723
I-18 Total expensesPrior year $8,611,112$9,027,786
I-19 Revenue less expensesPrior year −$3,628,668$41,530,162
Part VI · Governance 27 of 29 board members independent, 1 to look at
VI-1a Voting members of the governing body29
VI-1b Independent voting members27
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $50,557,948 across 7 lines filed
Lines not itemized here account for $3,006,805 of total revenue; see the IRS return.
VIII-1c Fundraising events$26,075
VIII-1f All other contributions, gifts and grants$14,231,487
VIII-1g Noncash contributions (included above)$512,737
VIII-1h Total contributions, gifts and grants$14,257,562
VIII-7 Net gain or loss on sales of assetsExcluded from tax $33,099,612$33,099,612
VIII-8 Net income from fundraising eventsExcluded from tax $193,969$193,969
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $36,300,386$50,557,948
Part IX · Statement of functional expenses $9,027,786 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $7,692,063$7,692,063
IX-11b Legal feesManagement $24,975$24,975
IX-11c Accounting feesManagement $22,855$22,855
IX-11f Investment management feesManagement $888,745$888,745
IX-11g Other fees for servicesManagement $166,564$166,564
IX-12 Advertising and promotionManagement $176,292$176,292
IX-13 Office expensesManagement $1,712$1,712
IX-22 Depreciation, depletion and amortizationManagement $20,320$20,320
IX-23 InsuranceManagement $5,253$5,253
IX-24 Other expenses (24a–d)Management $29,007$29,007
IX-25 Total functional expensesPrograms $7,692,063 · Management $1,335,723 · Fundraising $0$9,027,786
Part X · Balance sheet $251,933,560 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,675,773$2,195,806
X-2 Savings and temporary cash investmentsStart of year $3,006,569$2,749,029
X-3 Pledges and grants receivableStart of year $306,193$265,874
X-4 Accounts receivableStart of year $364,473$1,831,395
X-10c Land, buildings and equipment, netStart of year $739,000$739,000
X-11 Publicly traded securitiesStart of year $10,968,560$11,202,367
X-12 Other securitiesStart of year $208,994,064$232,925,617
X-14 Intangible assetsStart of year $43,920$24,472
X-16 Total assetsStart of year $226,098,552$251,933,560
X-19 Deferred revenueStart of year $91,552$51,552
X-25 Other liabilitiesStart of year $6,627,156$6,329,999
X-26 Total liabilitiesStart of year $6,718,708$6,381,551
X-32 Total net assets or fund balancesStart of year $219,379,844$245,552,009
X-33 Total liabilities and net assetsStart of year $226,098,552$251,933,560
Part XI · Reconciliation of net assets $245,552,009 net assets at year end
XI-1 Total revenue$50,557,948
XI-2 Total expenses$9,027,786
XI-3 Revenue less expenses$41,530,162
XI-4 Net assets at start of year$219,379,844
XI-5 Net unrealized gains (losses) on investments−$15,357,997
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$245,552,009

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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