Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE UNIVERSITY FINANCING FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)1800 PARKWAY PL NO 230
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MARIETTA, GA30067
A Employer identification number

58-1505902
B Telephone number (see instructions)

(404) 214-9440
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$721,231,640J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 25,780 41,036 48,133
4 Dividends and interest from securities... 1,135,516 881,380 881,380
5a Gross rents............ 19,601,398 15,177,310 19,601,398
b Net rental income or (loss) 2,039,063
6a Net gain or (loss) from sale of assets not on line 10 44,216,669
b Gross sales price for all assets on line 6a 102,247,496
7 Capital gain net income (from Part IV, line 2)... 15,585,768
8 Net short-term capital gain......... 0
9 Income modifications........... 1,890,148
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 23,529,985 18,742,404 23,529,985
12 Total. Add lines 1 through 11........ 88,509,348 50,427,898 45,951,044
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 2,742,571 567,667 567,667 2,174,904
14 Other employee salaries and wages...... 714,505 714,505 714,505 0
15 Pension plans, employee benefits....... 1,298,309 329,018 329,018 969,290
16a Legal fees (attach schedule)......... Click to see attachment 350,379 153,783 196,597 153,783
b Accounting fees (attach schedule)....... Click to see attachment 239,957 119,979 119,979 119,979
c Other professional fees (attach schedule).... Click to see attachment 2,871,821 2,021,835 2,369,322 502,499
17 Interest............... 19,350,730 19,350,730 19,350,730 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,238,101 538,542 3,225,527 12,573
19 Depreciation (attach schedule) and depletion... 5,753,916 5,753,916 5,753,916
20 Occupancy.............. 5,040,913 4,773,374 4,773,374 267,539
21 Travel, conferences, and meetings....... 90,425 0 55,694 36,731
22 Printing and publications.......... 1,572 0 557 1,015
23 Other expenses (attach schedule)....... Click to see attachment 5,235,440 4,794,264 4,827,536 3,881
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 46,928,639 39,117,613 42,284,422 4,242,194
25 Contributions, gifts, grants paid....... 5,475,294 6,404,626
26 Total expenses and disbursements. Add lines 24 and 25 52,403,933 39,117,613 42,284,422 10,646,820
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 36,105,415
b Net investment income (if negative, enter -0-) 11,310,285
c Adjusted net income (if negative, enter -0-)... 3,666,622
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 86,590,488 99,770,710 99,770,710
3 Accounts receivable bullet606,333
Less: allowance for doubtful accounts bullet   1,183,477 606,333 606,333
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 2,970,407 1,553,379 1,553,379
10a Investments—U.S. and state government obligations (attach schedule) 11,131,448 Click to see attachment9,519,030 9,519,030
b Investments—corporate stock (attach schedule)....... 38,902,080 Click to see attachment43,772,213 43,772,213
c Investments—corporate bonds (attach schedule)....... 9,643,134 Click to see attachment12,696,579 12,696,579
11 Investments—land, buildings, and equipment: basis bullet3,693,993
Less: accumulated depreciation (attach schedule) bullet1,691,719 38,710,202 Click to see attachment2,002,274 2,002,274
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 16,813,931 Click to see attachment17,750,123 17,750,123
14 Land, buildings, and equipment: basis bullet354,646,710
Less: accumulated depreciation (attach schedule) bullet61,015,693 304,558,844 Click to see attachment293,631,017 293,631,017
15 Other assets (describe bullet) Click to see attachment169,677,490 Click to see attachment239,929,982 Click to see attachment239,929,982
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 680,181,501 721,231,640 721,231,640
Liabilities 17 Accounts payable and accrued expenses.......... 14,013,962 15,036,100
18 Grants payable................. 1,296,800 386,800
19 Deferred revenue................. 11,828,445 14,867,471
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment587,716,309 Click to see attachment581,681,628
23 Total liabilities (add lines 17 through 22)......... 614,855,516 611,971,999
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 65,325,985 109,259,641
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 65,325,985 109,259,641
30 Total liabilities and net assets/fund balances (see instructions). 680,181,501 721,231,640
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
65,325,985
2
Enter amount from Part I, line 27a .....................
2
36,105,415
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
7,828,241
4
Add lines 1, 2, and 3 ..........................
4
109,259,641
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
109,259,641
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a ST - EUCLIDEAN FUND I, L.P. P   2020-12-31
b ST - AP ENERGY INFRASTRUCTURE FUND P   2020-12-31
c LT - EUCLIDEAN FUND I, L.P. P   2020-12-31
d LT - AP ENERGY INFRASTRUCTURE FUND P   2020-12-31
e GAIN OF SALE OF PROPERTIES P   2020-12-31
GAIN ON SALE-TYPE LEASES P   2020-12-31
REALIZED GAIN/LOSS ON SALE OF INVESTMENTS P   2020-12-31
ST - PUBLICLY TRADED STOCK     2020-12-31
LT - PUBLICLY TRADED STOCK     2020-12-31
RETIREMENT OF DEBT P   2020-12-31
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a     191,135 -191,135
b     144,838 -144,838
c     447,266 -447,266
d     149,423 -149,423
e 59,329,698   59,329,698 0
14,603,585     14,603,585
1,019,652   1,019,652 0
1,447,950   1,194,072 253,878
7,052,125   5,391,158 1,660,967
18,794,486   18,794,486 0
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -191,135
b       -144,838
c       -447,266
d       -149,423
e       0
      14,603,585
      0
      253,878
      1,660,967
      0
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 15,585,768
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 -82,095
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter: 1989-05-09(attach copy of letter if necessary–see instructions)
b Reserved................................ 1 N/A
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3  
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 0
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletGA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.TUFF.ORG
    14
    The books are in care ofbulletKEVIN T BYRNE Telephone no.bullet (404) 214-9440

    Located atbullet1800 PARKWAY PLACE SUITE 230MARIETTAGA ZIP+4bullet30067
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    THOMAS H HALL III DIRECTOR, ASSISTANT SECRETARY
    5.50     		81,702 42,400 0
    75 FIFTH ST SUITE 1050
    ATLANTA,GA30308
    THOMAS H HALL III DIRECTOR, CONSULTANT
    5.50     		190,200 0 0
    75 FIFTH ST SUITE 1050
    ATLANTA,GA30308
    THOMAS W VENTULETT III DIRECTOR, SECRETARY
    5.50     		79,500 43,400 0
    75 FIFTH ST SUITE 1050
    ATLANTA,GA30308
    DAVID M MCKENNEY DIRECTOR, TREASURER, AND ASST. SEC.
    5.50     		78,750 38,400 0
    75 FIFTH ST SUITE 1050
    ATLANTA,GA30308
    AJ ROBINSON DIRECTOR
    5.50     		76,750 47,400 0
    75 FIFTH ST SUITE 1050
    ATLANTA,GA30308
    KEVIN T BYRNE PRES, CEO, COO, ASST TREAS, ASST SEC
    40.00     		967,000 182,798 15,600
    75 FIFTH ST SUITE 1050
    ATLANTA,GA30308
    LISA A BEALL CONTROLLER, ASST TREAS & ASST SEC
    40.00     		199,000 76,674 0
    1800 PARKWAY PLACE SUITE 230
    MARIETTA,GA30067
    VICTOR R CLEMENTS VICE PRESIDENT-ADMINISTRATION
    40.00     		336,000 102,030 9,600
    1800 PARKWAY PLACE SUITE 230
    MARIETTA,GA30067
    JORDAN PETERSON VICE PRESIDENT
    40.00     		192,384 67,423 0
    75 FIFTH ST SUITE 1050
    ATLANTA,GA30308
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    ZACH DAY DIRECTOR OF MARKETIN
    40.00     		107,779 33,196 0
    75 FIFTH ST SUITE 1050
    ATLANTA,GA30308
    TERRI KEMP PROJECT ACCOUNTANT
    40.00     		96,500 35,341 0
    1800 PARKWAY PLACE SUITE 230
    MARIETTA,GA30067
    CHRISTOPHER COMBS FINANCIAL ANALYST
    40.00     		84,000 25,872 0
    75 FIFTH ST SUITE 1050
    ATLANTA,GA30308
    SHERRY BILLINGS OFFICE MGR & EXEC AS
    40.00     		76,100 28,940 0
    1800 PARKWAY PLACE SUITE 230
    MARIETTA,GA30067
    ALEX TUCKER FINANCIAL ANALYST
    40.00     		64,056 19,507 0
    75 FIFTH ST SUITE 1050
    ATLANTA,GA30308
    Total number of other employees paid over $50,000...................bullet 2
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    GATEWAY DEVELOPMENT SERVICES PROJECT DEVELOPMENT & CONSTRUCTION MANAGEMENT 5,973,993
    75 FIFTH STREET NW SUITE 810
    ATLANTA,GA30308
    COLLABORATIVE REAL ESTATE LLC PROPERTY & ASSET MANAGEMENT 1,906,928
    75 FIFTH STREET NW SUITE 810
    ATLANTA,GA30308
    BLUE SKY PROPERTY MANAGEMENT LLC PROPERTY & ASSET MANAGEMENT 444,583
    130 EAST 59TH STREET 14TH FLOOR
    NEW YORK,NY10022
    OGLETREE DEAKINS LEGAL SERVICES 206,335
    191 PEACHTREE ST NE SUITE 4800
    ATLANTA,GA30303
    MCGUIRE WOODS LLP LEGAL SERVICES 200,612
    1230 PEACHTREE ST NE SUITE 2100
    ATLANTA,GA30309
    Total number of others receiving over $50,000 for professional services.............bullet13
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 THE FOUNDATION FINANCES AND ACQUIRES CHARITABLE AND EDUCATIONAL FACILITIES AND EQUIPMENT FOR THE BENEFIT OF TAX-EXEMPT SCHOOLS, COLLEGES, AND UNIVERSITIES AND OTHER TAX-EXEMPT EDUCATIONAL AND RESEARCH ORGANIZATIONS; AND, CONSISTENT WITH ITS EXEMPT CHARITABLE PURPOSES AND FUNCTIONS, THE FOUNDATION MAKES THE FACILITIES AND EQUIPMENT AVAILABLE TO SUCH TAX-EXEMPT ORGANIZATIONS AT RENTAL OR INTEREST RATES BELOW COST OF MARKET RATES FOR COMPARABLE FACILITIES. 57,089,814
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 ROSALIND FRANKLIN UNIVERSITY - LOAN TO UNIVERSITY FOR FINANCING THE DEVELOPMENT, CONSTRUCTION AND EQUIPPING OF AN APPROXIMATELY 100,000 SQUARE FOOT MULTI-TENANT RESEARCH AND EDUCATIONAL FACILITY. 7,968,651
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet7,968,651
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    58,598,811
    b
    Average of monthly cash balances.......................
    1b
    16,943,732
    c
    Fair market value of all other assets (see instructions)................
    1c
    55,441,864
    d
    Total (add lines 1a, b, and c).........................
    1d
    130,984,407
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    37,212,611
    3
    Subtract line 2 from line 1d.........................
    3
    93,771,796
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,406,577
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    92,365,219
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,618,261
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    10,646,820
    b
    Program-related investments—total from Part IX-B..................
    1b
    7,968,651
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    49,180,998
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    67,796,469
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    67,796,469
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$  
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
    1989-05-09
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
    3,666,622 3,947,305 3,984,683 3,525,842 15,124,452
    b 85% of line 2a ......... 3,116,629 3,355,209 3,386,981 2,996,966 12,855,784
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		67,796,469 44,378,235 255,709,853 5,619,532 373,504,089
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		6,404,626 253,270 86,600 168,629 6,913,125
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		61,391,843 44,124,965 255,623,253 5,450,903 366,590,964
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		3,078,841 2,631,537 2,656,455 2,350,561 10,717,394
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    A BEACON OF HOPE WOMEN'S CENTER INC
    2750 OLD ALABAMA ROAD SUITE 150
    JOHNS CREEK,GA30022     		  PC GENERAL SUPPORT 100
    AMERICAN ANGLICAN COUNCIL
    PO BOX 2868
    LOGANVILLE,GA30052     		  PC GENERAL SUPPORT 3,500
    AMERICAN CHEMICAL SOCIETY
    1155 SIXTEENTH STREET NW
    WASHINGTON,DC20036     		  PC SPONSORSHIP 750
    ASSOCIATION OF UNIVERSITY RESEARCH PARKS
    9070 S RITA RD STE 1750
    TUCSON,AZ85747     		  PC SPONSORSHIP 25,000
    ATLANTA HISTORICAL SOCIETY INC
    130 WEST PACES FERRY ROAD NW
    ATLANTA,GA30305     		  PC SPONSORSHIP 1,375
    BOY SCOUTS OF AMERICA COUNCIL - ATLANTA AREA COUNCIL BOY SCOUTS OF AMERICA
    ATLANTA AREA COUNCIL 1800 CIRCLE 75
    PKWY SE
    ATLANTA,GA30339     		  PC SPONSORSHIP 2,500
    BOYCE L ANSLEY SCHOOL INC
    435 PEACHTREE ST
    ATLANTA,GA30308     		  PC GENERAL SUPPORT 100
    CHILDRENS HEALTHCARE OF ATLANTA
    1575 NORTHEAST EXWY FL 5
    ATLANTA,GA30329     		  PC GENERAL SUPPORT 2,500
    CLARK CREEK ACADEMY PTA
    3219 HUNT RD
    ACWORTH,GA30102     		  PC GENERAL SUPPORT 200
    CLAYTON STATE UNIVERSITY FOUNDATION INC
    2000 CLAYTON STATE BLVD
    MORROW,GA30260     		  PC GENERAL SUPPORT 2,500
    COMMUNITY FOUNDATION FOR GREATER ATLANTA INC
    191 PEACHTREE STREET NE SUITE 1000
    ATLANTA,GA30303     		  PC SPONSORSHIP 20,000
    CUMBERLAND COMMUNITIES COMMUNICATIONS CORPORATION
    PO BOX 27568
    KNOXVILLE,TN37927     		  PC GENERAL SUPPORT 120
    CURE CHILDHOOD CANCER INC
    200 ASHFORD CENTER NORTH SUITE 250
    ATLANTA,GA30338     		  PC GENERAL SUPPORT 500
    EMERALD COAST HOSPICE CRESTVIEW
    550 W REDSTONE AVE STE 310
    CRESTVIEW,FL32536     		  PC GENERAL SUPPORT 100
    FISHER HOUSE FOUNDATION INC
    12300 TWINBROOK PKWY SUITE 410
    ROCKVILLE,MD20852     		  PC GENERAL SUPPORT 600
    FLORIDA INSTITUTE OF TECHNOLOGY INC
    150 W UNIVERSITY BLVD
    MELBOURNE,FL32901     		  PC GENERAL SUPPORT 1,000,000
    FOOD FOR THE POOR
    6401 LYONS ROAD
    COCONUT CREEK,FL33073     		  PC GENERAL SUPPORT 350
    FORDHAM UNIVERSITY
    441 E FORDHAM ROAD FMH 512
    BRONX,NY10458     		  PC GENERAL SUPPORT 120
    FRIENDS OF THE GEORGIA ARCHIVES AND HISTORY INC
    PO BOX 711
    MORROW,GA30260     		  PC GENERAL SUPPORT 1,000
    GEORGIA COLLEGE & STATE UNIVERSITY FOUNDATION INC
    231 W HANCOCK ST
    MILLEDGEVILLE,GA31061     		  PC GENERAL SUPPORT 500
    GEORGIA TECH FOUNDATION INC
    760 SPRING STREET NW SUITE 400
    ATLANTA,GA30308     		  PC GENERAL SUPPORT 5,155,500
    GRACE INTERNATIONAL CHILDRENS FOUNDATION USA INC
    5121 FM 359
    RICHMOND,TX77406     		  PC GENERAL SUPPORT 500
    HEALTHNETWORK FOUNDATION INC
    33 RIVER STREET HEALTHNETWORK
    FOUNDATION
    CHAGRIN FALLS,OH44022     		  PC GENERAL SUPPORT 300
    HIGHLANDS CASHIERS HEALTH FOUNDATION INC
    PO BOX 742
    HIGHLANDS,NC28741     		  PC GENERAL SUPPORT 250
    HIGHLANDS-CASHIERS CENTER FOR LIFE ENRICHMENT INC
    PO BOX 2046
    HIGHLANDS,NC28741     		  PC GENERAL SUPPORT 250
    HILLSDALE COLLEGE
    33 E COLLEGE ST
    HILLSDALE,MI49242     		  PC GENERAL SUPPORT 1,000
    HINRI LABS INC
    641 LORIDANS DR NE
    ATLANTA,GA30342     		  PC GENERAL SUPPORT 10,000
    INTERNATIONAL BUSINESS INNOVATION ASSOCIATION INC
    PO BOX 677279
    ORLANDO,FL32867     		  PC SPONSORSHIP 4,000
    LUTHERAN CHURCH OF THE REDEEMER
    4700 ARMOUR RD
    COLUMBUS,GA31904     		  PC GENERAL SUPPORT 1,000
    MARIETTA FIRST UNITED METHODIST CHURCH MAJESTY OF MUSIC INITIATIVE
    366 POWDER SPRINGS ST
    MARIETTA,GA30064     		  PC GENERAL SUPPORT 100
    ROTARY INTERNATIONAL CLUB OF ATLANTA
    LOUDERMILK CONFERENCE CENTER 40
    COURTLAND STREET
    ATLANTA,GA30303     		  PC GENERAL SUPPORT 650
    SEMPER FI & AMERICA'S FUND
    BOX 555193 CAMP
    PENDLETON,CA92055     		  PC GENERAL SUPPORT 100
    SKY VALLEY-SCALY MOUNTAIN VOLUNTEER AND RESCUE DEPARTMENT INCORPORATED
    PO BOX 278
    SCALY MOUNTAIN,NC28775     		  PC GENERAL SUPPORT 150
    STATE SCIENCE AND TECH INSTITUTE
    5015 PINE CREEK DR
    WESTERVILLE,OH43081     		  PC GENERAL SUPPORT 5,000
    SUNSHINE ON A RANNEY DAY
    10800 ALPHARETTA HWY STE 208 625
    ROSWELL,GA30076     		  PC GENERAL SUPPORT 300
    THE ATLANTA BOTANICAL GARDEN INC
    1345 PIEDMONT AVENUE NE
    ATLANTA,GA30309     		  PC GENERAL SUPPORT 600
    THE BASCOM CORPORATION
    323 FRANKLIN RD
    HIGHLANDS,NC28741     		  PC GENERAL SUPPORT 1,250
    THE HERITAGE FOUNDATION
    214 MASSACHUSETTS AVE NE
    WASHINGTON,DC20002     		  PC GENERAL SUPPORT 250
    THE METROPOLITAN MUSEUM OF ART
    1000 5TH AVE
    NEW YORK,NY10028     		  PC GENERAL SUPPORT 300
    THE SALVATION ARMY OF METRO ATLANTA
    1000 CENTER PLACE
    NORCROSS,GA30093     		  PC GENERAL SUPPORT 750
    THE SUZANNE WHITE LEADERSHIP FOUNDATION INC
    5901-C PEACHTREE DUNWOODY ROAD
    SUITE 35
    ATLANTA,GA30328     		  PC GENERAL SUPPORT 500
    TRI COUNTY ANIMAL RESCUE
    21287 BOCA RIO RD
    BOCA RATON,FL33433     		  PC GENERAL SUPPORT 100
    UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION
    118 COLLEGE DRIVE 5210
    HATTIEBURG,MS39406     		  PC GENERAL SUPPORT 500
    UNIVERSITY SYSTEM OF GA FOUNDATION INC
    270 WASHINGTON ST SW 7002
    ATLANTA,GA30334     		  PC SPONSORSHIP 125,000
    URBAN LAND INSTITUTE
    2001L STREET NW 200
    WASHINGTON,DC20036     		  PC SPONSORSHIP 1,125
    WARM WHISPERS MINISTRIES INC
    810 JACKSON ST
    LOCUST GROVE,GA30248     		  PC GENERAL SUPPORT 12,336
    WHITEFIELD ACADEMY INC
    ONE WHITEFIELD DRIVE
    MABLETON,GA30126     		  PC GENERAL SUPPORT 10,000
    YOUNG LIFE ATLANTA PROJECT
    1750 THE EXCHANGE SUITE 200
    ATLANTA,GA30339     		  PC GENERAL SUPPORT 10,000
    YOUTH WITH A MISSION STRATEGIC FRONTIERS
    505 POPES BLUFF TRL
    COLORADO SPRINGS,CO80907     		  PC GENERAL SUPPORT 1,000
    Total .................................bullet 3a 6,404,626
    bApproved for future payment
    A WORD FROM THE LORD INC
    PO BOX 636
    MONROE,GA30655     		  PC GENERAL SUPPORT 250
    AMERICAN ANGLICAN COUNCIL
    PO BOX 2868
    LOGANVILLE,GA30052     		  PC GENERAL SUPPORT 2,000
    CAMP OF COLORS INC
    106 PILGRIM VILLAGE DR
    CUMMING,GA30040     		  PC GENERAL SUPPORT 500
    CHEROKEE GARDEN LIBRARY
    PO BOX 117478
    ATLANTA,GA30368     		  PC GENERAL SUPPORT 500
    CHILDRENS HEALTHCARE OF ATLANTA
    1575 NORTHEAST EXWY FL 5
    ATLANTA,GA30329     		  PC GENERAL SUPPORT 1,500
    E412 MINISTRIES INC
    11 BREEZY PALM WAY
    SAVANNAH,GA31406     		  PC GENERAL SUPPORT 300
    FOOD FOR THE POOR
    6401 LYONS ROAD
    COCONUT CREEK,FL33073     		  PC GENERAL SUPPORT 250
    GEORGIA TECH FOUNDATION INC
    760 SPRING STREET NW SUITE 400
    ATLANTA,GA30308     		  PC GENERAL SUPPORT 150,000
    LIFE CHALLENGE OF WESTERN NORTH CAROLINA
    P O BOX 2553
    CULLOWHEE,NC28723     		  PC GENERAL SUPPORT 500
    SHEPHERD CENTER FOUNDATION INC
    2020 PEACHTREE ROAD
    ATLANTA,GA30309     		  PC GENERAL SUPPORT 500
    THE HOPE CENTER
    295 MOLLY LANE STE 12
    WOODSTOCK,GA30189     		  PC GENERAL SUPPORT 309
    THE METROPOLITAN MUSEUM OF ART
    1000 5TH AVE NEW YORK NY 10028
    NEW YORK,NY10028     		  PC GENERAL SUPPORT 210
    THE SALVATION ARMY OF METRO ATLANTA
    1000 CENTER PLACE
    NORCROSS,GA30093     		  PC GENERAL SUPPORT 750
    VIRGINIA EPISCOPAL SCHOOL
    400 VIRGINIA EPISCOPAL SCHOOL
    LYNCHBURG,VA24503     		  PC GENERAL SUPPORT 500
    WHITEFIELD ACADEMY INC
    ONE WHITEFIELD DRIVE
    MABLETON,GA30126     		  PC GENERAL SUPPORT 10,000
    YOUNG LIFE ATLANTA PROJECT
    1750 THE EXCHANGE SUITE 200
    ATLANTA,GA30339     		  PC GENERAL SUPPORT 10,000
    Total .................................bullet 3b 178,069
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aREAL ESTATE OPTION INCOME         7,661,928
    bENERGY SERVICE REVENUE         4,419,636
    cMANAGEMENT FEES - REVENUE         82,277
    dINTEREST INCOME - PROGRAM RELATED         11,066,358
    eOTHER REVENUE         299,786
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		  2,151 14 23,629  
    4 Dividends and interest from securities....     14 1,135,516  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property...... 531190 970,631     1,068,432
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		531390 16,180,148 18 28,036,521  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 17,152,930 29,195,666 24,598,417
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    70,947,013
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    1A THE FOUNDATION FINANCES AND ACQUIRES CHARITABLE AND EDUCATIONAL FACILITIES AND EQUIPMENT FOR THE BENEFIT OF TAX-EXEMPT SCHOOLS, COLLEGES, UNIVERSITIES AND OTHER TAX-EXEMPT EDUCATIONAL AND RESEARCH ORGANIZATIONS AND, CONSISTENT WITH ITS EXEMPT CHARITABLE PURPOSES AND FUNCTIONS, THE FOUNDATION MAKES THE FACILITIES AND EQUIPMENT AVAILABLE TO SUCH TAX-EXEMPT ORGANIZATIONS AT RENTAL OR INTEREST RATES BELOW COST OF MARKET RATES FOR COMPARABLE FACILITIES.
    1B AT THE REQUEST OF TWO UNIVERSITIES, THE FOUNDATION RENOVATED A CENTRAL UTILITY PLANT LOCATED ON THE CAMPUS OF ONE OF THE UNIVERSITIES AND USES IT TO FURNISH STEAM, HOT WATER AND CHILLED WATER TO THOSE UNIVERSITIES AT BELOW COST OF MARKET RATES.
    1C PREDEVELOPMENT SERVICES PROVIDED TO A UNIVERSITY FOR PLANNING THE DEVELOPMENT OF ITS REAL ESTATE AND ASSISTING THE UNIVERSITY WITH LONG TERM MASTER PLANNING FOR ITS CAMPUS FACILITIES AT BELOW COST OF MARKET RATES.
    1D THE FOUNDATION FINANCES AND ACQUIRES CHARITABLE AND EDUCATIONAL FACILITIES AND EQUIPMENT FOR THE BENEFIT OF TAX-EXEMPT SCHOOLS, COLLEGES, UNIVERSITIES AND OTHER TAX-EXEMPT EDUCATIONAL AND RESEARCH ORGANIZATIONS AND, CONSISTENT WITH ITS EXEMPT CHARITABLE PURPOSES AND FUNCTIONS, THE FOUNDATION MAKES THE FACILITIES AND EQUIPMENT AVAILABLE TO SUCH TAX-EXEMPT ORGANIZATIONS AT RENTAL OR INTEREST RATES BELOW COST OF MARKET RATES FOR COMPARABLE FACILITIES.
    1E OPTION AGREEMENT REVENUE FROM A CHARITABLE ORGANIZATION THAT GIVES THE CHARITABLE ORGANIZATION THE OPTION TO PURCHASE THE REAL ESTATE CURRENTLY IN DEVELOPMENT WITH THE FOUNDATION.
    4 IRC SECTION 103 TAX EXEMPT INTEREST INCOME
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    Form 990PF Part XV Line 3 - Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    A BEACON OF HOPE WOMEN'S CENTER INC2750 OLD ALABAMA ROAD SUITE 150
    JOHNS CREEK,GA30022     		  PC GENERAL SUPPORT 100
    AMERICAN ANGLICAN COUNCILPO BOX 2868
    LOGANVILLE,GA30052     		  PC GENERAL SUPPORT 3,500
    AMERICAN CHEMICAL SOCIETY1155 SIXTEENTH STREET NW
    WASHINGTON,DC20036     		  PC SPONSORSHIP 750
    ASSOCIATION OF UNIVERSITY RESEARCH PARKS9070 S RITA RD STE 1750
    TUCSON,AZ85747     		  PC SPONSORSHIP 25,000
    ATLANTA HISTORICAL SOCIETY INC130 WEST PACES FERRY ROAD NW
    ATLANTA,GA30305     		  PC SPONSORSHIP 1,375
    BOY SCOUTS OF AMERICA COUNCIL - ATLANTA AREA COUNCIL BOY SCOUTS OF AMERICAATLANTA AREA COUNCIL 1800 CIRCLE 75
    PKWY SE
    ATLANTA,GA30339     		  PC SPONSORSHIP 2,500
    BOYCE L ANSLEY SCHOOL INC435 PEACHTREE ST
    ATLANTA,GA30308     		  PC GENERAL SUPPORT 100
    CHILDRENS HEALTHCARE OF ATLANTA1575 NORTHEAST EXWY FL 5
    ATLANTA,GA30329     		  PC GENERAL SUPPORT 2,500
    CLARK CREEK ACADEMY PTA3219 HUNT RD
    ACWORTH,GA30102     		  PC GENERAL SUPPORT 200
    CLAYTON STATE UNIVERSITY FOUNDATION INC2000 CLAYTON STATE BLVD
    MORROW,GA30260     		  PC GENERAL SUPPORT 2,500
    COMMUNITY FOUNDATION FOR GREATER ATLANTA INC191 PEACHTREE STREET NE SUITE 1000
    ATLANTA,GA30303     		  PC SPONSORSHIP 20,000
    CUMBERLAND COMMUNITIES COMMUNICATIONS CORPORATIONPO BOX 27568
    KNOXVILLE,TN37927     		  PC GENERAL SUPPORT 120
    CURE CHILDHOOD CANCER INC200 ASHFORD CENTER NORTH SUITE 250
    ATLANTA,GA30338     		  PC GENERAL SUPPORT 500
    EMERALD COAST HOSPICE CRESTVIEW550 W REDSTONE AVE STE 310
    CRESTVIEW,FL32536     		  PC GENERAL SUPPORT 100
    FISHER HOUSE FOUNDATION INC12300 TWINBROOK PKWY SUITE 410
    ROCKVILLE,MD20852     		  PC GENERAL SUPPORT 600
    FLORIDA INSTITUTE OF TECHNOLOGY INC150 W UNIVERSITY BLVD
    MELBOURNE,FL32901     		  PC GENERAL SUPPORT 1,000,000
    FOOD FOR THE POOR6401 LYONS ROAD
    COCONUT CREEK,FL33073     		  PC GENERAL SUPPORT 350
    FORDHAM UNIVERSITY441 E FORDHAM ROAD FMH 512
    BRONX,NY10458     		  PC GENERAL SUPPORT 120
    FRIENDS OF THE GEORGIA ARCHIVES AND HISTORY INCPO BOX 711
    MORROW,GA30260     		  PC GENERAL SUPPORT 1,000
    GEORGIA COLLEGE & STATE UNIVERSITY FOUNDATION INC231 W HANCOCK ST
    MILLEDGEVILLE,GA31061     		  PC GENERAL SUPPORT 500
    GEORGIA TECH FOUNDATION INC760 SPRING STREET NW SUITE 400
    ATLANTA,GA30308     		  PC GENERAL SUPPORT 5,155,500
    GRACE INTERNATIONAL CHILDRENS FOUNDATION USA INC5121 FM 359
    RICHMOND,TX77406     		  PC GENERAL SUPPORT 500
    HEALTHNETWORK FOUNDATION INC33 RIVER STREET HEALTHNETWORK
    FOUNDATION
    CHAGRIN FALLS,OH44022     		  PC GENERAL SUPPORT 300
    HIGHLANDS CASHIERS HEALTH FOUNDATION INCPO BOX 742
    HIGHLANDS,NC28741     		  PC GENERAL SUPPORT 250
    HIGHLANDS-CASHIERS CENTER FOR LIFE ENRICHMENT INCPO BOX 2046
    HIGHLANDS,NC28741     		  PC GENERAL SUPPORT 250
    HILLSDALE COLLEGE33 E COLLEGE ST
    HILLSDALE,MI49242     		  PC GENERAL SUPPORT 1,000
    HINRI LABS INC641 LORIDANS DR NE
    ATLANTA,GA30342     		  PC GENERAL SUPPORT 10,000
    INTERNATIONAL BUSINESS INNOVATION ASSOCIATION INCPO BOX 677279
    ORLANDO,FL32867     		  PC SPONSORSHIP 4,000
    LUTHERAN CHURCH OF THE REDEEMER4700 ARMOUR RD
    COLUMBUS,GA31904     		  PC GENERAL SUPPORT 1,000
    MARIETTA FIRST UNITED METHODIST CHURCH MAJESTY OF MUSIC INITIATIVE366 POWDER SPRINGS ST
    MARIETTA,GA30064     		  PC GENERAL SUPPORT 100
    ROTARY INTERNATIONAL CLUB OF ATLANTALOUDERMILK CONFERENCE CENTER 40
    COURTLAND STREET
    ATLANTA,GA30303     		  PC GENERAL SUPPORT 650
    SEMPER FI & AMERICA'S FUNDBOX 555193 CAMP
    PENDLETON,CA92055     		  PC GENERAL SUPPORT 100
    SKY VALLEY-SCALY MOUNTAIN VOLUNTEER AND RESCUE DEPARTMENT INCORPORATEDPO BOX 278
    SCALY MOUNTAIN,NC28775     		  PC GENERAL SUPPORT 150
    STATE SCIENCE AND TECH INSTITUTE5015 PINE CREEK DR
    WESTERVILLE,OH43081     		  PC GENERAL SUPPORT 5,000
    SUNSHINE ON A RANNEY DAY10800 ALPHARETTA HWY STE 208 625
    ROSWELL,GA30076     		  PC GENERAL SUPPORT 300
    THE ATLANTA BOTANICAL GARDEN INC1345 PIEDMONT AVENUE NE
    ATLANTA,GA30309     		  PC GENERAL SUPPORT 600
    THE BASCOM CORPORATION323 FRANKLIN RD
    HIGHLANDS,NC28741     		  PC GENERAL SUPPORT 1,250
    THE HERITAGE FOUNDATION214 MASSACHUSETTS AVE NE
    WASHINGTON,DC20002     		  PC GENERAL SUPPORT 250
    THE METROPOLITAN MUSEUM OF ART1000 5TH AVE
    NEW YORK,NY10028     		  PC GENERAL SUPPORT 300
    THE SALVATION ARMY OF METRO ATLANTA1000 CENTER PLACE
    NORCROSS,GA30093     		  PC GENERAL SUPPORT 750
    THE SUZANNE WHITE LEADERSHIP FOUNDATION INC5901-C PEACHTREE DUNWOODY ROAD
    SUITE 35
    ATLANTA,GA30328     		  PC GENERAL SUPPORT 500
    TRI COUNTY ANIMAL RESCUE21287 BOCA RIO RD
    BOCA RATON,FL33433     		  PC GENERAL SUPPORT 100
    UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION118 COLLEGE DRIVE 5210
    HATTIEBURG,MS39406     		  PC GENERAL SUPPORT 500
    UNIVERSITY SYSTEM OF GA FOUNDATION INC270 WASHINGTON ST SW 7002
    ATLANTA,GA30334     		  PC SPONSORSHIP 125,000
    URBAN LAND INSTITUTE2001L STREET NW 200
    WASHINGTON,DC20036     		  PC SPONSORSHIP 1,125
    WARM WHISPERS MINISTRIES INC810 JACKSON ST
    LOCUST GROVE,GA30248     		  PC GENERAL SUPPORT 12,336
    WHITEFIELD ACADEMY INCONE WHITEFIELD DRIVE
    MABLETON,GA30126     		  PC GENERAL SUPPORT 10,000
    YOUNG LIFE ATLANTA PROJECT1750 THE EXCHANGE SUITE 200
    ATLANTA,GA30339     		  PC GENERAL SUPPORT 10,000
    YOUTH WITH A MISSION STRATEGIC FRONTIERS505 POPES BLUFF TRL
    COLORADO SPRINGS,CO80907     		  PC GENERAL SUPPORT 1,000
    Total ...............................bullet 3a 6,404,626
    bApproved for future payment
    A WORD FROM THE LORD INCPO BOX 636
    MONROE,GA30655     		  PC GENERAL SUPPORT 250
    AMERICAN ANGLICAN COUNCILPO BOX 2868
    LOGANVILLE,GA30052     		  PC GENERAL SUPPORT 2,000
    CAMP OF COLORS INC106 PILGRIM VILLAGE DR
    CUMMING,GA30040     		  PC GENERAL SUPPORT 500
    CHEROKEE GARDEN LIBRARYPO BOX 117478
    ATLANTA,GA30368     		  PC GENERAL SUPPORT 500
    CHILDRENS HEALTHCARE OF ATLANTA1575 NORTHEAST EXWY FL 5
    ATLANTA,GA30329     		  PC GENERAL SUPPORT 1,500
    E412 MINISTRIES INC11 BREEZY PALM WAY
    SAVANNAH,GA31406     		  PC GENERAL SUPPORT 300
    FOOD FOR THE POOR6401 LYONS ROAD
    COCONUT CREEK,FL33073     		  PC GENERAL SUPPORT 250
    GEORGIA TECH FOUNDATION INC760 SPRING STREET NW SUITE 400
    ATLANTA,GA30308     		  PC GENERAL SUPPORT 150,000
    LIFE CHALLENGE OF WESTERN NORTH CAROLINAP O BOX 2553
    CULLOWHEE,NC28723     		  PC GENERAL SUPPORT 500
    SHEPHERD CENTER FOUNDATION INC2020 PEACHTREE ROAD
    ATLANTA,GA30309     		  PC GENERAL SUPPORT 500
    THE HOPE CENTER295 MOLLY LANE STE 12
    WOODSTOCK,GA30189     		  PC GENERAL SUPPORT 309
    THE METROPOLITAN MUSEUM OF ART1000 5TH AVE NEW YORK NY 10028
    NEW YORK,NY10028     		  PC GENERAL SUPPORT 210
    THE SALVATION ARMY OF METRO ATLANTA1000 CENTER PLACE
    NORCROSS,GA30093     		  PC GENERAL SUPPORT 750
    VIRGINIA EPISCOPAL SCHOOL400 VIRGINIA EPISCOPAL SCHOOL
    LYNCHBURG,VA24503     		  PC GENERAL SUPPORT 500
    WHITEFIELD ACADEMY INCONE WHITEFIELD DRIVE
    MABLETON,GA30126     		  PC GENERAL SUPPORT 10,000
    YOUNG LIFE ATLANTA PROJECT1750 THE EXCHANGE SUITE 200
    ATLANTA,GA30339     		  PC GENERAL SUPPORT 10,000
    Total ................................bullet 3b 178,069

    TY 2020 AccountingFeesSchedule
    Name:
    THE UNIVERSITY FINANCING FOUNDATION INC
    EIN:
    58-1505902
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 239,957 119,979 119,979 119,979

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE UNIVERSITY FINANCING FOUNDATION INC
    EIN:
    58-1505902
    Name of Bond End of Year Book Value End of Year Fair Market Value
    INVESTMENTS - BONDS 12,696,579 12,696,579

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE UNIVERSITY FINANCING FOUNDATION INC
    EIN:
    58-1505902
    Name of Stock End of Year Book Value End of Year Fair Market Value
    INVESTMENTS - STOCKS 43,772,213 43,772,213

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    THE UNIVERSITY FINANCING FOUNDATION INC
    EIN:
    58-1505902
    US Government Securities - End of Year Book Value:

    9,519,030
    US Government Securities - End of Year Fair Market Value:

    9,519,030
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2020 InvestmentsLandSchedule2
    Name:
    THE UNIVERSITY FINANCING FOUNDATION INC
    EIN:
    58-1505902
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    AGSERV - BUILDINGS 1,957,467 914,765 1,042,702 1,042,703
    AGSERV - BUILDING IMPROVEMENTS 116,349 76,050 40,299 40,299
    AGSERV - EQUIPMENT 93,152 39,081 54,071 54,071
    AGSERV - FURNITURE AND FIXTURES 22,770 21,078 1,692 1,692
    ADTC - BUILDING IMPROVEMENTS 521,531 144,019 377,512 377,512
    YAMACRAW - BUILDING IMPROVEMENTS 556,898 170,771 386,127 386,126
    YAMACRAW - EQUIPMENT 327,298 266,838 60,460 60,460
    YAMACRAW - FURNITURE AND FIXTURES 98,528 59,117 39,411 39,411

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE UNIVERSITY FINANCING FOUNDATION INC
    EIN:
    58-1505902
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INVESTMENTS - OTHER FMV 17,750,123 17,750,123

    TY 2020 LandEtcSchedule2
    Name:
    THE UNIVERSITY FINANCING FOUNDATION INC
    EIN:
    58-1505902
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND 257,802,328 0 257,802,328 257,802,328
    BUILDINGS 69,837,202 46,903,986 22,933,216 22,933,216
    BUILDING IMPROVEMENTS 21,109,616 8,389,906 12,719,710 12,719,710
    LEASEHOLD IMPROVEMENTS 373,345 373,345 0  
    EQUIPMENT 1,881,362 1,785,257 96,105 96,105
    FURNITURE AND FIXTURES 3,367,679 3,338,866 28,813 28,813
    COMPUTER EQUIPMENT AND SOFTWARE 275,178 224,333 50,845 50,845


    TY 2020 LegalFeesSchedule
    Name:
    THE UNIVERSITY FINANCING FOUNDATION INC
    EIN:
    58-1505902
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 350,379 153,783 196,597 153,783


    TY 2020 OtherAssetsSchedule
    Name:
    THE UNIVERSITY FINANCING FOUNDATION INC
    EIN:
    58-1505902
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INTEREST RECEIVABLE 2,771,172 2,506,039 2,506,039
    ACCRUED RENT RECEIVABLE 3,477,296 2,613,628 2,613,628
    LEASE RECEIVABLE 108,893,267 125,006,009 125,006,009
    PROGRAM RELATED INVESTMENTS - NOTES RECEIVABLE 54,535,755 53,904,854 53,904,854
    OPERATING RIGHT-OF-USE ASSETS 0 50,085,382 50,085,382
    PARKING EASEMENT,NET 0 5,814,070 5,814,070


    TY 2020 OtherExpensesSchedule
    Name:
    THE UNIVERSITY FINANCING FOUNDATION INC
    EIN:
    58-1505902
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COMPUTER EXPENSE 63,213 5,800 5,800 57,413
    INSURANCE 389,346 298,813 298,813 90,533
    DUES AND SUBSCRIPTIONS 46,021 3,277 3,277 42,744
    LICENSES 4,628 0 0 4,628
    SUPPLIES 31,107 0 0 31,107
    REPAIRS AND MAINTENANCE 448,912 447,891 447,891 1,021
    CLEANING 446,340 446,340 446,340 0
    EQUIPMENT RENTAL 3,103 0 0 3,103
    SECURITY 385,594 385,594 385,594 0
    PARKING 16,982 0 0 16,982
    TELEPHONE 94,985 23,372 24,124 70,861
    OFFICE EXPENSES 29,242 18,174 18,362 10,880
    PROFESSIONAL DEVELOPMENT 24,264 0 0 24,264
    SEMINARS 37,854 0 37,854 0
    LEASING COMMISSION EXPENSE 72,013 72,013 72,013 0
    BANK CHARGES 40,900 36,647 36,647 4,253
    ADMINISTRATION 174,509 135,225 174,509 0
    MISCELLANEOUS 228,602 222,613 228,604 0
    RESERVE FUND EXPENSE 370,856 370,856 370,856 0
    CONDO FEES 1,467,025 1,467,025 1,467,025 0
    AMORTIZATION 740,125 740,125 740,125 0
    LOAN SERVICING FEES 31,598 31,598 31,598 0
    DEDUCTIONS FROM PARTNERSHIP INVESTMENTS 0 88,901 0 0
    CASH TO ACCRUAL ADJUSTMENT 0 0 0 -404,025
    LEASE CHARGE FUND EXPENSES 50,076 0 0 50,076
    PENALTIES AND FINES 41 0 0 41
    MARKETING 38,104 0 38,104 0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE UNIVERSITY FINANCING FOUNDATION INC
    EIN:
    58-1505902
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PASS THROUGH INVESTMENTS 0 14,118 0
    REAL ESTATE OPTION INCOME 7,661,928 7,661,928 7,661,928
    ENERGY SERVICE REVENUE 4,419,636   4,419,636
    MANAGEMENT FEES - REVENUE 82,277   82,277
    INTEREST INCOME - PROGRAM RELATED 11,066,358 11,066,358 11,066,358
    OTHER REVENUE 299,786   299,786


    TY 2020 OtherIncreasesSchedule
    Name:
    THE UNIVERSITY FINANCING FOUNDATION INC
    EIN:
    58-1505902
    Description Amount
    NET UNREALIZED GAIN ON INVESTMENTS 7,828,241


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE UNIVERSITY FINANCING FOUNDATION INC
    EIN:
    58-1505902
    Description Beginning of Year - Book Value End of Year - Book Value
    BONDS PAYABLE 235,293,843 221,590,625
    TRUIST BANK LOAN 58,606,711 21,819,014
    LINE OF CREDIT 41,000,000 41,000,000
    SECURITY DEPOSITS 189,983 9,491
    OBLIGATION TO FUND NOTES RECEIVABLE 6,625,772 0
    CGA MORTGAGE CAPITAL, LLC 246,000,000 290,755,704
    OPERATING LEASE LIABILITIES 0 6,506,794


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE UNIVERSITY FINANCING FOUNDATION INC
    EIN:
    58-1505902
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL SERVICES 1,762,707 912,721 1,260,208 502,499
    INVESTMENT MANAGEMENT FEES 546,704 546,704 546,704 0
    ASSET MANAGEMENT FEES 562,410 562,410 562,410 0


    TY 2020 TaxesSchedule
    Name:
    THE UNIVERSITY FINANCING FOUNDATION INC
    EIN:
    58-1505902
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PERSONAL PROPERTY TAXES 538,101 525,527 525,527 12,573
    FOREIGN TAX 0 13,015 0 0
    UBTI TAX 2,700,000 0 2,700,000 0