Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
THE UNIVERSITY FINANCING FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)75 5TH ST NW SUITE 1025
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ATLANTA, GA30308
A Employer identification number

58-1505902
B Telephone number (see instructions)

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

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$499,661,037J 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 right arrow.............
3 Interest on savings and temporary cash investments 31,373 257,815 268,084
4 Dividends and interest from securities... 2,041,049 1,130,148 1,130,148
5a Gross rents............ 18,332,281 17,912,130 17,912,130
b Net rental income or (loss) 18,332,281
6a Net gain or (loss) from sale of assets not on line 10 7,339,153
b Gross sales price for all assets on line 6a 302,304,983
7 Capital gain net income (from Part IV, line 2)... 7,566,679
8 Net short-term capital gain......... 1,330,140
9 Income modifications........... 68,032
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
List of Attached Documents:
// Content
24,958,105 19,884,186 25,524,239
12 Total. Add lines 1 through 11........ 52,701,961 46,750,958 46,232,773
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 3,691,388 922,847 922,847 2,768,541
14 Other employee salaries and wages...... 691,064 691,064 691,064 0
15 Pension plans, employee benefits....... 963,799 -104,851 -104,851 1,068,650
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
249,874 162,928 170,826 79,048
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
315,146 153,141 157,573 157,573
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
8,368,905 7,823,895 8,012,244 356,661
17 Interest............... 16,514,480 15,642,388 16,514,480 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
488,057 441,259 488,045 12
19 Depreciation (attach schedule) and depletion... 3,003,524 2,901,660 3,003,524
20 Occupancy.............. 6,760,078 6,033,725 6,094,964 665,114
21 Travel, conferences, and meetings....... 119,052 0 56,310 62,742
22 Printing and publications.......... 3,067 0 0 3,067
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
6,852,866 6,040,623 6,263,124 1,677,623
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 48,021,300 40,708,679 42,270,150 6,839,031
25 Contributions, gifts, grants paid....... 653,643 325,743
26 Total expenses and disbursements. Add lines 24 and 25 48,674,943 40,708,679 42,270,150 7,164,774
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,027,018
b Net investment income (if negative, enter -0-) 6,042,279
c Adjusted net income (if negative, enter -0-)... 3,962,623
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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......... 90,446,975 91,583,572 91,583,572
3 Accounts receivable right arrow367,680
Less: allowance for doubtful accounts right arrow   291,755 367,680 367,680
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 1,009,937 1,745,929 1,745,929
10a Investments—U.S. and state government obligations (attach schedule) 3,345,054 Click to see attachment
List of Attached Documents:
// Content
9,547,185 		9,547,185
b Investments—corporate stock (attach schedule)....... 58,426,035 Click to see attachment
List of Attached Documents:
// Content
65,178,606 		65,178,606
c Investments—corporate bonds (attach schedule)....... 11,000,276 Click to see attachment
List of Attached Documents:
// Content
7,385,763 		7,385,763
11 Investments—land, buildings, and equipment: basis right arrow1,657,289
Less: accumulated depreciation (attach schedule) right arrow942,912 791,596 Click to see attachment
List of Attached Documents:
// Content
714,377 		714,377
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 15,502,220 Click to see attachment
List of Attached Documents:
// Content
19,396,650 		19,396,650
14 Land, buildings, and equipment: basis right arrow107,672,070
Less: accumulated depreciation (attach schedule) right arrow46,039,659 275,087,774 Click to see attachment
List of Attached Documents:
// Content
61,632,411 		61,632,411
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
252,578,162 		Click to see attachment
List of Attached Documents:
// Content
242,108,864 		Click to see attachment
List of Attached Documents:
// Content
242,108,864
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 708,479,784 499,661,037 499,661,037
Liabilities 17 Accounts payable and accrued expenses.......... 20,691,198 10,586,822
18 Grants payable................. 116,800 456,800
19 Deferred revenue................. 10,720,939 3,284,042
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
567,909,433 		Click to see attachment
List of Attached Documents:
// Content
361,705,491
23 Total liabilities (add lines 17 through 22)......... 599,438,370 376,033,155
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 109,041,414 123,627,882
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
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)..... 109,041,414 123,627,882
30 Total liabilities and net assets/fund balances (see instructions). 708,479,784 499,661,037
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
109,041,414
2
Enter amount from Part I, line 27a .....................
2
4,027,018
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
12,725,853
4
Add lines 1, 2, and 3 ..........................
4
125,794,285
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
2,166,403
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
123,627,882
Form 990-PF (2023)
Form 990-PF (2023)
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 - CARLYLE DIRECT ALTERNATIVE OPPORTUNITES P   2023-12-31
b ST - AP ENERGY INFRASTRUCTURE FUND P   2023-12-31
c LT - AP ENERGY INFRASTRUCTURE FUND P   2023-12-31
d ST - CARLYLE DIRECT ALTERNATIVE OPPORTUNITIES (7903) P   2023-12-31
e LT - CARLYLE DIRECT ALTERNATIVE OPPORTUNITIES (7903) P   2023-12-31
ST - PUBLICLY TRADED STOCK     2023-12-31
LT - PUBLICLY TRADED STOCK     2023-12-31
REALIZED GAIN/LOSS ON SALE OF INVESTMENTS P   2023-12-31
GAIN ON SALE-TYPE LEASES P   2023-12-31
GAIN ON LEASE TERMINATIONS P   2023-12-31
OTHER GAIN (LOSS) ON SALE OF INVEST P   2023-12-31
(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 388     388
b     27,569 -27,569
c 45,118     45,118
d 484     484
e 273     273
22,650,464   24,680,152 -2,029,688
29,124,388   26,885,868 2,238,520
247,040,924   243,144,715 3,896,209
3,386,525     3,386,525
31,971     31,971
24,448     24,448
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       388
b       -27,569
c       45,118
d       484
e       273
      -2,029,688
      2,238,520
      3,896,209
      3,386,525
      31,971
      24,448
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 7,566,679
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 1,330,140
Part V
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 right arrow 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) 1 N/A
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 2023 estimated tax payments and 2022 overpayment credited to 2023 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.......right arrow 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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 XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowGA, PA, TN, NY, IL
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 .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
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 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
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
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
Yes
 
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 addressright arrowWWW.TUFF.ORG
14
The books are in care ofright arrowKEVIN T BYRNE Telephone no.right arrow (404) 214-9440

Located atright arrow75 5TH ST NW SUITE 1025ATLANTAGA ZIP+4right arrow30308
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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 right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-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? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(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)? ......................
1a(5)
 
No
(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.) ...............
1a(6)
 
No
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
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
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 2023? .............
1d
 
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-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))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
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
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
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? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
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?
7a
 
No
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? .........................
8
Yes
 
Part VII
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
ANNE M TOMSKY ASSISTANT VICE PRESIDENT
40.00 		238,900 87,225 0
75 FIFTH ST NW SUITE 1025
ATLANTA,GA30308
KEVIN T BYRNE DIRECTOR
0.00 		47,000 35,791 0
75 FIFTH ST NW SUITE 1050
ATLANTA,GA30308
AJ ROBINSON DIRECTOR, SECRETARY
5.50 		73,500 48,626 0
75 FIFTH ST NW SUITE 1050
ATLANTA,GA30308
THOMAS H HALL III DIRECTOR, ASSISTANT SECRETARY
5.50 		80,950 42,400 0
75 FIFTH ST NW SUITE 1050
ATLANTA,GA30308
THOMAS W VENTULETT III DIRECTOR, SECRETARY
5.50 		80,950 43,400 0
75 FIFTH ST NW SUITE 1050
ATLANTA,GA30308
DAVID M MCKENNEY DIRECTOR, TREASURER, ASSIST. SECRETARY
5.50 		80,950 44,650 0
75 FIFTH ST NW SUITE 1050
ATLANTA,GA30308
THOMAS H HALL III DIRECTOR, CONSULTANT
6.00 		109,075 0 0
75 FIFTH ST NW SUITE 1050
ATLANTA,GA30308
LISA A BEALL CONTROLLER, ASSISTANT TREASURER
40.00 		254,500 94,636 0
75 FIFTH ST NW SUITE 1025
ATLANTA,GA30308
MICHAEL K HAIR VICE PRESIDENT - FINANCE
40.00 		260,000 98,512 0
75 FIFTH ST NW SUITE 1025
ATLANTA,GA30308
TERESA A FAILLA ASSISTANT VICE PRESIDENT AND CHIEF OF
40.00 		288,000 99,625 0
75 FIFTH ST NW SUITE 1025
ATLANTA,GA30308
VICTOR R CLEMENTS SENIOR VICE PRESIDENT - ADMINISTRATION
40.00 		486,000 138,390 12,000
75 FIFTH ST NW SUITE 1050
ATLANTA,GA30308
KEVIN T BYRNE PRESIDENT, CEO, COO, ASSISTANT TREASUR
40.00 		990,000 213,491 15,600
75 FIFTH ST NW SUITE 1050
ATLANTA,GA30308
SETH P GARRETT VICE PRESIDENT - REAL ESTATE
40.00 		77,632 27,497 0
75 FIFTH ST NW SUITE 1025
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
ROBERT VOGEL ASSISTANT CONTROLLER
40.00 		122,500 37,730 0
75 FIFTH ST SUITE 1025
ATLANTA,GA30308
TERRI KEMP PROJECT ACCOUNTANT
40.00 		105,600 40,385 0
75 FIFTH ST SUITE 1025
ATLANTA,GA30308
MICHAEL HADDOW FINANCIAL ANALYST
40.00 		75,400 28,455 0
75 FIFTH ST SUITE 1025
ATLANTA,GA30308
ERIKA UNDERWOOD OFFICE MANAGER & EXE
40.00 		72,750 29,121 0
75 FIFTH ST SUITE 1025
ATLANTA,GA30308
REBECCA SMITH OFFICE MANAGER
35.00 		62,800 19,882 0
75 FIFTH ST SUITE 1050
ATLANTA,GA30308
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
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
ENNEAD ARCHITECTS LLP ARCHITECTURAL SERVICES 4,171,681
1 WORLD TRADE CENTER 40TH FLOOR
NEW YORK,NY10007
COLLABORATIVE REAL ESTATE LLC PROPERTY/ASSET MGMT & CONSTRUCT MGMT 1,302,592
75 5TH STREET NW SUITE 855
ATLANTA,GA30308
LEHRER CUMMING PROPERTY DEVELOPMENT ADVISORY SERVICES 352,267
900 3RD AVENUE 6TH FLOOR
NEW YORK,NY10022
BLUE SKY THIRD AVENUE MANAGEMENT LLC PROPERTY/ASSET MANAGEMENT & ADVISORY SVCS 282,750
30 EAST 59TH ST 14TH FLOOR
NEW YORK,NY10022
WINDHAM BRANNON PC AUDIT SERVICES 259,557
3630 PEACHTREE ROAD NE SUITE 600
ATLANTA,GA30326
Total number of others receiving over $50,000 for professional services.............right arrow18
Part VIII-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. 42,407,143
2  
3  
4  
Part VIII-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  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
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
90,126,019
b
Average of monthly cash balances.......................
1b
17,225,433
c
Fair market value of all other assets (see instructions)................
1c
21,963,395
d
Total (add lines 1a, b, and c).........................
1d
129,314,847
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
0
3
Subtract line 2 from line 1d.........................
3
129,314,847
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,939,723
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
127,375,124
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
6,368,756
Part X
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 IX, line 6..................
1
 
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (This does not include the tax from Part V.) ...
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 XII, line 1 ...
7
 
Part XI
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
7,164,774
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
31,605,489
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 XII, line 4. .......
4
38,770,263
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7  
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$  
a Applied to 2022, 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 2023 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023.    
(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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		 
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 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-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 2023, enter the date of the ruling ...... right arrow
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
3,962,623 5,791,643 3,188,428 3,666,622 16,609,316
b 85% (0.85) of line 2a ......... 3,368,230 4,922,897 2,710,164 3,116,629 14,117,919
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		38,770,263 62,767,041 22,992,445 67,796,469 192,326,218
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		325,743 3,080,677 313,972 6,404,626 10,125,018
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		38,444,520 59,686,364 22,678,473 61,391,843 182,201,200
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 IX, line 6 for each year listed .. 		4,245,837 4,044,223 3,664,861 3,078,841 15,033,762
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 XIV
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 right arrow
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 (2023)
Form 990-PF (2023)
Page 11
Part XIV
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

AGNES SCOTT COLLEGE

141 E COLLEGE AVE
DECATUR,GA30030 		NONE PC GENERAL SUPPORT 500

AMERICAN ANGLICAN COUNCIL

PO BOX 2868
LOGANVILLE,GA30052 		NONE PC GENERAL SUPPORT 1,250

ASSOCIATION OF UNIVERSITY RESEARCH PARKS

6262 N SWAN ROAD SUITE 100
TUCSON,AZ85718 		NONE PC GENERAL SUPPORT 25,000

ATLANTA CHILDREN'S SHELTER

607 PEACHTREE ST NE
ATLANTA,GA30308 		NONE PC GENERAL SUPPORT 103

ATLANTA CHILDREN'S SHELTER

607 PEACHTREE ST NE
ATLANTA,GA30308 		NONE PC GENERAL SUPPORT 2,500

CHILDREN'S HEALTHCARE OF ATLANTA FOUNDATION

1687 TULLIE CIRCLE
ATLANTA,GA30329 		NONE PC GENERAL SUPPORT 1,500

CLAYTON STATE UNIVERSITY FOUNDATION

2000 CLAYTON STATE BLVD
MORROW,GA30260 		NONE PC SPONSORSHIP 2,500

E412 MINISTRIES INC

11 BREEZY PALM WAY
SAVANNAH,GA31406 		NONE PC GENERAL SUPPORT 500

FOOD FOR THE POOR

6401 LYONS RD
COCONUT CREEK,FL33073 		NONE PC GENERAL SUPPORT 200

FOOD FOR THE POOR

6401 LYONS RD
COCONUT CREEK,FL33073 		NONE PC GENERAL SUPPORT 500

FRIENDS OF THE GEORGIA ARCHIVES

P O BOX 711
MORROW,GA30260 		NONE PC GENERAL SUPPORT 1,000

GEORGIA TECH FOUNDATION INC

PO BOX 3963
ATLANTA,GA30302 		NONE PC GENERAL SUPPORT 10,000

GEORGIA TECH FOUNDATION INC

PO BOX 3963
ATLANTA,GA30302 		NONE PC GENERAL SUPPORT 3,500

GEORGIA TECH FOUNDATION INC

PO BOX 3963
ATLANTA,GA30302 		NONE PC GENERAL SUPPORT 10,000

GEORGIA TECH FOUNDATION INC

PO BOX 3963
ATLANTA,GA30302 		NONE PC GENERAL SUPPORT 60,000

HEALTHNETWORK FOUNDATION INC

3550 LANDER RD SUITE 225
PEPPER PIKE,OH44124 		NONE PC GENERAL SUPPORT 500

HIGHLANDS-CASHIERS HEALTH FOUNDATION

PO BOX 742
HIGHLANDS,NC28741 		NONE PC GENERAL SUPPORT 250

HILLSDALE COLLEGE

33 E COLLEGE ST
HILLSDALE,MI49242 		NONE PC GENERAL SUPPORT 1,000

INTERNATIONAL BUSINESS INNOVATION ASSOCIATION

PO BOX 677279
ORLANDO,FL32867 		NONE PC SPONSORSHIP 18,000

NORTH CAROLINA COMMUNITY FOUNDATION

3737 GLENWOOD AVE SUITE 460
RALEIGH,NC27612 		NONE PC GENERAL SUPPORT 500

NORTH CAROLINA COMMUNITY FOUNDATION

3737 GLENWOOD AVE SUITE 460
RALEIGH,NC27612 		NONE PC GENERAL SUPPORT 300

NORTH CAROLINA COMMUNITY FOUNDATION

3737 GLENWOOD AVE SUITE 460
RALEIGH,NC27612 		NONE PC GENERAL SUPPORT 500

SHEPHERD CENTER FOUNDATION INC

2020 PEACHTREE RD
ATLANTA,GA30309 		NONE PC GENERAL SUPPORT 2,500

SPICY GROVE MINISTRIES INC

950 EAGLES LANDING PKWY SUITE 975
STOCKBRIDGE,GA30281 		NONE PC GENERAL SUPPORT 420

ST JUDE'S CHILDREN'S HOSPITAL

501 ST JUDE PLACE
MEMPHIS,TN38105 		NONE PC GENERAL SUPPORT 1,000

STATE SCIENCE & TECH INSTITUTE

5015 PINE CREEK DR
WESTERVILLE,OH43081 		NONE PC SPONSORSHIP 5,000

THE BASCOM

323 FRANKLIN RD
HIGHLANDS,NC28741 		NONE PC GENERAL SUPPORT 500

THE COMMUNITY FOUNDATION FOR GREATER ATLANTA INC

50 HURT PLAZA SUITE 449
ATLANTA,GA30303 		NONE PC GENERAL SUPPORT 20,000

THE HERITAGE FOUNDATION

214 MASSACHUSETTS AVE NE
WASHINGTON,DC20002 		NONE PC GENERAL SUPPORT 200

THE ROTARY CLUB OF ATLANTA

100 EDGEWOOD AVE
ATLANTA,GA30303 		NONE PC GENERAL SUPPORT 10

THE ROTARY CLUB OF ATLANTA

100 EDGEWOOD AVE
ATLANTA,GA30303 		NONE PC GENERAL SUPPORT 10

UI COLLAB

1705 RICHLAND STREET SUITE G
COLUMBIA,SC29201 		NONE PC SPONSORSHIP 2,500

UIDP

1705 RICHLAND STREET SUITE G
COLUMBIA,SC29201 		NONE PC SPONSORSHIP 12,500

UIDP

1705 RICHLAND STREET SUITE G
COLUMBIA,SC29201 		NONE PC SPONSORSHIP 7,500

UNIVERSITY SYSTEM OF GA FOUNDATION

394 SOUTH MILLEDGE AVE
ATHENS,GA30602 		NONE PC GENERAL SUPPORT 100,000

WHITEFIELD ACADEMY

ONE WHITEFIELD DR SE
MABLETON,GA30126 		NONE PC GENERAL SUPPORT 10,000

WHITEFIELD ACADEMY

ONE WHITEFIELD DR SE
MABLETON,GA30126 		NONE PC GENERAL SUPPORT 10,000

WOUNDED WARRIOR PROJECT

PO BOX 758516
TOPEKA,KS66675 		NONE PC GENERAL SUPPORT 250

WRENS DIXIE YOUTH INC

PO BOX 326
WRENS,GA30833 		NONE PC GENERAL SUPPORT 2,500

YOUNG LIFE

1874 PIEDMONT AVE NE 305C
ATLANTA,GA30324 		NONE PC GENERAL SUPPORT 10,000

YOUTH WITH A MISSION COLORADO SPRINGS

505 POPES BLUFF TRAIL
COLORADO SPRINGS,CO80907 		NONE PC GENERAL SUPPORT 750
Total .................................right arrow 3a 325,743
bApproved for future payment

AMERICAN LEGION POST 0029
921 GRESHAM AVE NE
MARIETTA,GA30060 		NONE PC GENERAL SUPPORT 150

CHILDREN'S HEALTHCARE OF ATLANTA FOUNDATION
1687 TULLIE CIRCLE
ATLANTA,GA30329 		NONE PC GENERAL SUPPORT 500

HIGHLANDS CASHIERS LAND TRUST INC
348 S 5TH ST 214
HIGHLANDS,NC28741 		NONE PC GENERAL SUPPORT 250

HIGHLANDS-CASHIERS HEALTH FOUNDATION
PO BOX 742
HIGHLANDS,NC28741 		NONE PC GENERAL SUPPORT 250

NORTH CAROLINA COMMUNITY FOUNDATION
3737 GLENWOOD AVE SUITE 460
RALEIGH,NC27612 		NONE PC GENERAL SUPPORT 200

PRISON FELLOWSHIP
PO BOX 1550
MERRIFIELD,VA22116 		NONE PC GENERAL SUPPORT 500

RABUN GAP-NACOOCHEE SCHOOL
339 NACOOCHEE DRIVE
RABUN GAP,GA30568 		NONE PC GENERAL SUPPORT 500

REFLECTIONS MINISTRIES INC
ONE PIEDMONT CENTER SUITE 130
ATLANTA,GA30305 		NONE PC GENERAL SUPPORT 500

SPICY GROVE MINISTRIES INC
950 EAGLES LANDING PKWY SUITE 975
STOCKBRIDGE,GA30281 		NONE PC GENERAL SUPPORT 500

THE BASCOM
323 FRANKLIN RD
HIGHLANDS,NC28741 		NONE PC GENERAL SUPPORT 500

THE SALVATION ARMY OF METRO ATLANTA
1000 CENTER PLACE
NORCROSS,GA30093 		NONE PC GENERAL SUPPORT 2,500

UNIVERSITY SYSTEM OF GA FOUNDATION
394 SOUTH MILLEDGE AVE
ATHENS,GA30602 		NONE PC GENERAL SUPPORT 400,000

YOUNG LIFE-D184
PO BOX 5184
HARLAN,IA51593 		NONE PC GENERAL SUPPORT 10,000
Total ................................. right arrow 3b 416,350
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-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         9,276,395
bENERGY SERVICE REVENUE         4,492,890
cINTEREST INCOME - PROGRAM RELATED         9,992,516
dCONSULTING FEE REVENUE         23,087
eAMORT OF BOND PREMIUM         1,173,217
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 31,373  
4 Dividends and interest from securities ....     14 2,041,049  
5 Net rental income or (loss) from real estate:
aDebt-financed property...... 901101 -407,319     18,739,600
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 ............ 		    18 7,339,153  
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) .. -407,319 9,411,575 43,697,705
13Total. Add line 12, columns (b), (d), and (e)..................
13
52,701,961
(See worksheet in line 13 instructions to verify calculations.)
Part XV-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 XV-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 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.
1D 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.
5A 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.
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
THE UNIVERSITY FINANCING FOUNDATION INC
EIN:
58-1505902
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 315,146 153,141 157,573 157,573

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 ExpenditureResponsibilityStmt
Name:
THE UNIVERSITY FINANCING FOUNDATION INC
EIN:
58-1505902
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
250 EAST PONCE OWNER LLC
  		75 5TH STREET NW SUITE 1025
ATLANTA,GA30308 		2021-09-10 18,525,000 INVESTING IN PARTNERSHIP THAT ACQUIRE AND OPERATE FACILITIES TO SUPPORT INSTITUTION OF EDUCATION AND RESEARCH. CURRENT EXISTING TENANTS WHICH DO NOT QUALIFY AS PROGRAM RELATED TENANTS ARE PHASED OUT AS LEASES EXPIRE.   TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. SEPTEMBER 2022   TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE PROGRAM-RELATED INVESTMENT WAS ORIGINALLY MADE. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE CONTROLLED PARTNERSHIP; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
BRIDGESIDE POINT 1 LLC
  		75 5TH STREET NW SUITE 1025
ATLANTA,GA30308 		2021-06-24 17,100,000 INVESTING IN PARTNERSHIP THAT ACQUIRE AND OPERATE FACILITIES TO SUPPORT INSTITUTION OF EDUCATION AND RESEARCH. CURRENT EXISTING TENANTS WHICH DO NOT QUALIFY AS PROGRAM RELATED TENANTS ARE PHASED OUT AS LEASES EXPIRE.   TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. SEPTEMBER 2022   TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE PROGRAM-RELATED INVESTMENT WAS ORIGINALLY MADE. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE CONTROLLED PARTNERSHIP; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
BRIDGESIDE POINT 1 SPONSOR LLC
  		75 5TH STREET NW SUITE 1025
ATLANTA,GA30308 		2021-06-24 951,900 INVESTING IN PARTNERSHIP THAT ACQUIRE AND OPERATE FACILITIES TO SUPPORT INSTITUTION OF EDUCATION AND RESEARCH. CURRENT EXISTING TENANTS WHICH DO NOT QUALIFY AS PROGRAM RELATED TENANTS ARE PHASED OUT AS LEASES EXPIRE.   TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. SEPTEMBER 2022   TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE PROGRAM-RELATED INVESTMENT WAS ORIGINALLY MADE. THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE CONTROLLED PARTNERSHIP; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.

TY 2023 ExplnOfNonFilingWithAGStmt
Name:
THE UNIVERSITY FINANCING FOUNDATION INC
EIN:
58-1505902
Statement:
NOT ALL STATES REQUIRE A COPY OF THE FORM 990-PF TO BE FURNISHED WITH THE ATTORNEY GENERAL. THE UNIVERSITY FINANCING FOUNDATION PROVIDES A COPY OF THE FORM 990-PF TO STATES THAT REQUIRE A COPY.

TY 2023 GeneralExplanationAttachment
Name:
THE UNIVERSITY FINANCING FOUNDATION INC
EIN:
58-1505902
Identifier Return Reference Explanation
  FORM 990-PF, PAGE 5, PART VI-A, LINE 11 NAME: BRIDGESIDE POINT 1 LLCEIN: 87-1303592ADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308NAME: BRIDGESIDE POINT 1 SPONSOR LLCEIN: 87-1278456ADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308NAME: 250 EAST PONCE OWNER LLCEIN: 87-2325457ADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308700 TECHNOLOGY DRIVE OWNER LLCEIN: 93-4942661ADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308TUFF/ATLANTA HOUSING, LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308TUFF ATDC LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308TUFF BRIDGESIDE 1 LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308TUFF BULLET LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308TUFF CAUB LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308TUFF COBB RESEARCH LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308TUFF CONTRACTING LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308TUFF CRB LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308TUFF DECATUR 1 LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308TUFF INNOVATIONS LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308TUFF MARYMOUNT 55TH STREET LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308TUFF NASHVILLE 1 LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308TUFF RFUMS 1 LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308TUFF/SAVANNAH LEASED FACILITY LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308TUFF/SAVTECH LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308TUFF YAMACRAW LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308TUFF 700 TECHNOLOGY DRIVE LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308UNIVERSITY CAPITAL COMPANY, LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308NONE OF THE CONTROLLED ENTITIES ARE EXCESS BUSINESS HOLDINGS. THERE WERE NO TRANSFERS TO OR FROM CONTROLLED ENTITIES.
INACTIVE ENTITIES FORM 990-PF, PAGE 5, PART VI-A, LINE 11 NAME: TUFF ARCHIVES LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308NAME: TUFF FAU 1 LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308NAME: TUFF FAU 2 LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308NAME: TUFF GWINNETT CENTER, LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308NAME: TUFF INNOVATIONS INVESTMENT LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308NAME: TUFF RFU WOODLANDS LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308NAME: TUFF ROWAN I LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308NAME: TUFF 2200 SUTHERLAND AVENUE LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308NAME: TUFF 1-5 LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308NAME: 3RD AVENUE BLOCKFRONT LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308NONE OF THE CONTROLLED ENTITIES ARE EXCESS BUSINESS HOLDINGS. THERE WERE NO TRANSFERS TO OR FROM CONTROLLED ENTITIES.

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE UNIVERSITY FINANCING FOUNDATION INC
EIN:
58-1505902
Name of Bond End of Year Book Value End of Year Fair Market Value
CION ARES DIVERSIFIED CREDIT FUND 306,294 306,294
EATON VANCE EMERGING MARKETS DEBT OPPORTUNITIES FUND 831,432 831,432
ISHARES 1-3 YEAR TREASURY BOND ETF 2,045,886 2,045,886
ISHARES CORE US AGGREGATE BOND ETF 398,787 398,787
PIMCO INVESTMENT GRADE CREDIT BOND I-2 856,238 856,238
VARIOUS COMPANIES - CORPORATE 2,947,126 2,947,126

TY 2023 InvestmentsCorpStockSchedule
Name:
THE UNIVERSITY FINANCING FOUNDATION INC
EIN:
58-1505902
Name of Stock End of Year Book Value End of Year Fair Market Value
AMERICAN FUNDS NEW WORLD F2 1,048,195 1,048,195
BARON PARTNERS INSTITUTIONAL 1,048,546 1,048,546
COMMON STOCK 49,551,211 49,551,211
CONGRESS SMALL CAP GROWTH INST FUND 1,733,455 1,733,455
CS 22.75% CONTINGENT AUTOCALL AFRM (SQGBM) 239,500 239,500
FIDELITY ADV NEW INSIGHTS I 1,044,367 1,044,367
INVESCO S&P 500 LOW VOLATILITY ETF 2,159,828 2,159,828
ISHARES MSCI MEXICO 38,675 38,675
ISHARES MSCI SOUTH KOREA ETF 152,161 152,161
ISHARES RUSSELL 1000 VALUE ETF 1,041,075 1,041,075
MSIF INTERNATIONAL OPPORTUNITY PTF I 1,411,548 1,411,548
SPDR ENERGY SELECT SECTOR FUND 578,263 578,263
VANGUARD GROWTH INDEX FUND ETF 2,518,750 2,518,750
VANGUARD RUSSELL 1000 VALUE ETF 800,711 800,711
VANGUARD UTILITIES ETF 1,096,560 1,096,560
VARIOUS INTERNATIONAL EQUITY - DEVELOPED MKTS 612,105 612,105
VARIOUS INTERNATIONAL EQUITY - EMERGING MKTS 103,656 103,656

TY 2023 InvestmentsGovtObligationsSch
Name:
THE UNIVERSITY FINANCING FOUNDATION INC
EIN:
58-1505902
US Government Securities - End of Year Book Value:

9,547,185
US Government Securities - End of Year Fair Market Value:

9,547,185
State & Local Government Securities - End of Year Book Value:


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


0


TY 2023 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
ATDC - BUILDING IMPROVEMENTS 521,531 233,536 287,995 287,995
YAMACRAW - BUILDING IMPROVEMENTS 709,933 309,524 400,409 400,409
YAMACRAW - EQUIPMENT 327,298 301,325 25,973 25,973
YAMACRAW - FURNITURE AND FIXTURES 98,528 98,528 0 0

TY 2023 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
5% HOLDBACK - ATLAS POINT GLOBAL MULTI-STRATEGY OFFSHORE FUND LTD FMV 83,068 83,068
ADAMS STREET PARTNERS LEADERS FUND 2020 LP FMV 43,046 43,046
ALKEON GROWTH OFFSHORE FUND, LTD. FMV 1,774,574 1,774,574
ARTISAN INTL VALUE ADV (APDKX) FMV 2,166,986 2,166,986
ASCOTT RESIDENCE TRUST (ATTRF) FMV 122,389 122,389
ATLAS POINT GLOBAL MULTI-STRATEGY OFFSHORE FUND LTD FMV 1,946,616 1,946,616
AUDAX PRIVATE EQUITY FUND VII-A, L.P. FMV 365,596 365,596
CARLYLE DIRECT ALTERNATIVE OPPORTUNITIES FUND, L.P. FMV 1,136,273 1,136,273
COATUE OFFSHORE FUND LTD FMV 932,107 932,107
EJF DEBT OPPORTUNITIES OFFSHORE FUND, LTD. FMV 986,654 986,654
FORTUNE RE INVESTMENT TRUST (778) FMV 97,824 97,824
GREENBACKER RENEWABLE ENERGY COMPANY LLC FMV 460,244 460,244
H.I.G. ADVANTAGE BUYOUT FUND II, LP FMV 546,185 546,185
H.I.G. MIDDLE MARKET LBO FUND IV, LP FMV 50,023 50,023
HEDGEPREMIER MILLENNIUM INTERNATIONAL LTD FMV 639,713 639,713
INVESCO SELECT COMPANIES Y (VSMIX) FMV 1,905,200 1,905,200
IRONWOOD MULTI STRAT FMV 573,040 573,040
LOGISTICS CO-INVEST 2022, L.P. FMV 304,911 304,911
OAKMARK INTERNATIONAL I (OANMX) FMV 1,064,298 1,064,298
PE PREMIER GA MAP OFFSHORE FEEDER L.P. FMV 419,837 419,837
PERSISTENT EDGE ASIA PARTNERS LTD FMV 2,437,905 2,437,905
PRISMA SPECTRUM FUND LTD FMV 116 116
THIRD POINT OFFSHORE INVESTORS FUND FMV 1,058,225 1,058,225
TRANSFORMATION CAPITAL FUND III-A LP FMV 281,820 281,820

TY 2023 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 10,204,425 0 10,204,425 10,204,425
BUILDINGS 73,073,907 33,359,452 39,714,455 39,714,455
BUILDING IMPROVEMENTS 20,674,386 10,689,168 9,985,218 9,985,218
LEASEHOLD IMPROVEMENTS 1,385,720 449,414 936,306 936,306
EQUIPMENT 956,815 740,750 216,065 216,065
FURNITURE AND FIXTURES 1,082,041 557,874 524,167 524,167
COMPUTER EQUIPMENT AND SOFTWARE 294,775 243,000 51,775 51,775


TY 2023 LegalFeesSchedule
Name:
THE UNIVERSITY FINANCING FOUNDATION INC
EIN:
58-1505902
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 249,874 162,928 170,826 79,048


TY 2023 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 2,430,279 2,412,131 2,412,131
ACCRUED RENT RECEIVABLE 3,407,174 3,811,739 3,811,739
LEASE RECEIVABLE 108,742,247 100,749,423 100,749,423
PROGRAM RELATED INVESTMENTS - NOTES RECEIVABLE 48,712,335 48,561,399 48,561,399
OPERATING RIGHT-OF-USE ASSETS 49,396,684 46,676,123 46,676,123
PARKING EASEMENT,NET 4,787,964 4,255,968 4,255,968
INTANGIBLE LEASE ASSETS, NET 0 6,248,033 6,248,033
250 EAST PONCE AND BRIDGESIDE POINT 1 35,101,479 29,394,048 29,394,048


TY 2023 OtherDecreasesSchedule
Name:
THE UNIVERSITY FINANCING FOUNDATION INC
EIN:
58-1505902
Description Amount
PRIOR PERIOD ADJUSTMENT 2,166,403


TY 2023 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 120,380 2,920 2,920 117,460
PENALTIES AND FINES 113 0 0 113
LOAN SERVICING FEES 27,997 27,997 27,997 0
AMORTIZATION 1,441,747 1,441,747 1,441,747 0
CONDO FEES 1,731,512 1,731,512 1,731,512 0
RESERVE FUND EXPENSE 1,170,687 1,170,687 1,170,687 0
MISCELLANEOUS 93,994 78,467 91,144 2,850
ADMINISTRATION 359,509 264,955 359,509 0
BANK CHARGES 27,679 25,311 25,311 2,368
SEMINARS 53,115 0 53,115 0
PROFESSIONAL DEVELOPMENT 30,679 0 0 30,679
OFFICE EXPENSES 38,121 8,637 9,013 29,108
TELEPHONE 100,570 5,706 5,706 94,864
PARKING 31,997 0 0 31,997
SECURITY 246,979 243,848 246,979 0
EQUIPMENT RENTAL 5,614 0 0 5,614
CLEANING 442,580 442,580 442,580 0
REPAIRS AND MAINTENANCE 285,297 243,779 279,368 5,929
SUPPLIES 60,821 0 0 60,821
LICENSES 9,182 5,410 5,410 3,772
DUES AND SUBSCRIPTIONS 71,655 1,420 1,420 70,235
INSURANCE 483,247 345,647 349,315 133,932
MARKETING 5,421 0 5,421 0
ACCRUAL TO CASH ADJUSTMENT 0 0 0 1,087,881
SPONSORSHIP 13,970 0 13,970 0


TY 2023 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 -557,942 566,134
REAL ESTATE OPTION INCOME 9,276,395 9,276,395 9,276,395
ENERGY SERVICE REVENUE 4,492,890   4,492,890
INTEREST INCOME - PROGRAM RELATED 9,992,516 9,992,516 9,992,516
CONSULTING FEE REVENUE 23,087   23,087
AMORT OF BOND PREMIUM 1,173,217 1,173,217 1,173,217


TY 2023 OtherIncreasesSchedule
Name:
THE UNIVERSITY FINANCING FOUNDATION INC
EIN:
58-1505902
Description Amount
NET UNREALIZED GAIN (LOSS) ON INVESTMENTS 12,725,853


TY 2023 OtherLiabilitiesSchedule
Name:
THE UNIVERSITY FINANCING FOUNDATION INC
EIN:
58-1505902
Description Beginning of Year - Book Value End of Year - Book Value
BONDS PAYABLE 182,675,892 202,626,489
LINE OF CREDIT 87,416,646 99,525,000
SECURITY DEPOSITS 689,049 386,418
CGA MORTGAGE CAPITAL, LLC 41,669,414 0
OPERATING LEASE LIABILITIES 9,458,432 8,556,387
NOTES PAYABLE 246,000,000 42,705,942
BELOW-MARKET LEASE LIABILITIES, NET 0 9,657,665
UNAMORTIZED LOAN COSTS 0 -1,752,410


TY 2023 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 7,470,657 6,925,647 7,113,996 356,661
INVESTMENT MANAGEMENT FEES 748,844 748,844 748,844 0
ASSET MANAGEMENT FEES 149,404 149,404 149,404 0


TY 2023 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 464,933 418,135 464,921 12
UBTI TAXES 19,000 19,000 19,000 0
EXCISE TAXES 4,124 4,124 4,124 0