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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
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$512,907,499J 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 186,103 493,818 493,818
4 Dividends and interest from securities... 1,839,400 923,970 923,970
5a Gross rents............ 20,986,801 20,182,912 20,182,912
b Net rental income or (loss) 20,986,801
6a Net gain or (loss) from sale of assets not on line 10 8,343,476
b Gross sales price for all assets on line 6a 36,272,360
7 Capital gain net income (from Part IV, line 2)... 9,384,070
8 Net short-term capital gain......... 3,155,131
9 Income modifications........... 72,247
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
15,318,953 10,049,119 16,163,833
12 Total. Add lines 1 through 11........ 46,674,733 41,033,889 40,991,911
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 3,862,167 965,542 965,542 2,896,625
14 Other employee salaries and wages...... 831,145 831,145 831,145 0
15 Pension plans, employee benefits....... 1,431,630 361,493 361,493 1,070,137
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
163,167 86,747 99,310 63,857
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
337,833 164,130 168,917 168,917
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
2,513,552 1,902,320 2,159,111 354,441
17 Interest............... 12,998,331 11,425,035 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
117,256 67,481 117,256 0
19 Depreciation (attach schedule) and depletion... 3,466,883 3,205,118 3,466,883
20 Occupancy.............. 7,009,665 6,171,078 6,338,190 671,475
21 Travel, conferences, and meetings....... 215,478 0 98,185 117,293
22 Printing and publications.......... 936 0 0 936
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
8,302,455 7,277,364 7,687,185 497,197
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 41,250,498 32,457,453 22,293,217 5,840,878
25 Contributions, gifts, grants paid....... 1,411,420 1,398,070
26 Total expenses and disbursements. Add lines 24 and 25 42,661,918 32,457,453 22,293,217 7,238,948
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,012,815
b Net investment income (if negative, enter -0-) 8,576,436
c Adjusted net income (if negative, enter -0-)... 18,698,694
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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......... 91,583,572 78,204,866 78,204,866
3 Accounts receivable right arrow219,195
Less: allowance for doubtful accounts right arrow   367,680 219,195 219,195
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.......... 1,745,929 2,251,881 2,251,881
10a Investments—U.S. and state government obligations (attach schedule) 9,547,185 Click to see attachment
List of Attached Documents:
// Content
9,801,587 		9,801,587
b Investments—corporate stock (attach schedule)....... 70,437,479 Click to see attachment
List of Attached Documents:
// Content
84,330,064 		84,330,064
c Investments—corporate bonds (attach schedule)....... 7,385,763 Click to see attachment
List of Attached Documents:
// Content
7,313,019 		7,313,019
11 Investments—land, buildings, and equipment: basis right arrow1,669,952
Less: accumulated depreciation (attach schedule) right arrow965,712 714,377 Click to see attachment
List of Attached Documents:
// Content
704,240 		704,240
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 14,137,777 Click to see attachment
List of Attached Documents:
// Content
18,699,519 		18,699,519
14 Land, buildings, and equipment: basis right arrow123,433,937
Less: accumulated depreciation (attach schedule) right arrow49,405,951 61,632,411 Click to see attachment
List of Attached Documents:
// Content
74,027,986 		74,027,986
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
242,108,864 		Click to see attachment
List of Attached Documents:
// Content
237,355,142 		Click to see attachment
List of Attached Documents:
// Content
237,355,142
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 499,661,037 512,907,499 512,907,499
Liabilities 17 Accounts payable and accrued expenses.......... 10,586,822 11,091,801
18 Grants payable................. 456,800 506,800
19 Deferred revenue................. 3,284,042 3,345,771
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
361,705,491 		Click to see attachment
List of Attached Documents:
// Content
357,796,678
23 Total liabilities (add lines 17 through 22)......... 376,033,155 372,741,050
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........... 123,627,882 140,166,449
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)..... 123,627,882 140,166,449
30 Total liabilities and net assets/fund balances (see instructions). 499,661,037 512,907,499
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
123,627,882
2
Enter amount from Part I, line 27a .....................
2
4,012,815
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
12,525,752
4
Add lines 1, 2, and 3 ..........................
4
140,166,449
5
Decreases not included in line 2 (itemize) right arrow
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
140,166,449
Form 990-PF (2024)
Form 990-PF (2024)
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 LT - AP ENERGY INFRASTRUCTURE FUND P   2024-12-31
b LT - ENERGY TRANSFER LP P   2024-12-31
c ST - LOGISTICS CO-INVEST 2022, LP P   2024-12-31
d LT - CARLYLE DIRECT ALTERNATIVE OPPORTUNITIES (7903) P   2024-12-31
e REALIZED GAIN ON RETIREMENT OF DEBT P   2024-12-31
GAIN ON SALE-TYPE LEASES P   2024-12-31
REALIZED GAIN/LOSS ON DISPOSITION OF PPE P   2024-12-31
ST CS #7328     2024-12-31
ST BALENTINE #7021     2024-12-31
ST BALENTINE #8171     2024-12-31
ST MS #8760     2024-12-31
ST CIBC #7183     2024-12-31
LT CS #7328     2024-12-31
LT BALENTINE #7021     2024-12-31
LT BALENTINE #8171     2024-12-31
LT MS #8760     2024-12-31
LT CIBC #7183     2024-12-31
ST - CARLYLE DIRECT ALTERNATIVE OPPORTUNITES P   2024-12-31
ST - AP ENERGY INFRASTRUCTURE FUND P   2024-12-31
LT - CAPITAL GAIN DISTRIBUTION P   2024-12-31
(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 84,619     84,619
b 6     6
c 1     1
d 7,484     7,484
e 733,490     733,490
3,674,064     3,674,064
1,050,000   76,157 973,843
809,591   830,662 -21,071
410,117   277,383 132,734
857,857   840,152 17,705
3,343,108   3,808,899 -465,791
858,159   1,017,520 -159,361
7,178,529   6,251,372 927,157
1,901,880   1,134,015 767,865
4,455,153   4,371,781 83,372
7,413,879   6,471,587 942,292
2,468,833   1,785,612 683,221
    23,013 -23,013
    137 -137
1,025,590     1,025,590
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       84,619
b       6
c       1
d       7,484
e       733,490
      3,674,064
      973,843
      -21,071
      132,734
      17,705
      -465,791
      -159,361
      927,157
      767,865
      83,372
      942,292
      683,221
      -23,013
      -137
      1,025,590
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 9,384,070
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 3,155,131
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 2024 estimated tax payments and 2023 overpayment credited to 2024 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 235
7 Total credits and payments. Add lines 6a through 6d.............. 7 235
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 235
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow0 Refundedright arrow 11 235
Form 990-PF (2024)
Form 990-PF (2024)
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 2024 or the taxable year beginning in 2024? 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 2024, 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 (2024)
Form 990-PF (2024)
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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
THOMAS H HALL III DIRECTOR, ASSISTANT SECRETARY
5.50 		105,033 42,400 0
75 FIFTH ST NW SUITE 1050
ATLANTA,GA30308
THOMAS H HALL III CONSULTANT
6.20 		112,850 0 0
75 FIFTH ST NW SUITE 1050
ATLANTA,GA30308
THOMAS W VENTULETT III DIRECTOR, SECRETARY (TO 12/2023)
5.50 		11,617 0 0
75 FIFTH ST NW SUITE 1050
ATLANTA,GA30308
DAVID M MCKENNEY DIRECTOR, TREASURER, ASSISTANT SECRETA
5.50 		102,950 38,400 0
75 FIFTH ST NW SUITE 1050
ATLANTA,GA30308
HANK HARRIS DIRECTOR (FROM 01/2024)
5.50 		85,800 38,400 0
75 FIFTH ST NW SUITE 1050
ATLANTA,GA30308
AJ ROBINSON DIRECTOR, SECRETARY
5.50 		99,700 55,400 0
75 FIFTH ST NW SUITE 1050
ATLANTA,GA30308
KEVIN T BYRNE DIRECTOR
0.00 		69,000 45,791 0
75 FIFTH ST NW SUITE 1050
ATLANTA,GA30308
KEVIN T BYRNE PRESIDENT, CEO, COO, ASSISTANT TREASUR
40.00 		1,010,000 251,278 15,600
75 FIFTH ST NW SUITE 1050
ATLANTA,GA30308
VICTOR R CLEMENTS SENIOR VICE PRESIDENT - ADMINISTRATION
40.00 		544,000 145,510 12,000
75 FIFTH ST NW SUITE 1050
ATLANTA,GA30308
TERESA A FAILLA ASSISTANT VICE PRESIDENT AND CHIEF OF
40.00 		304,500 106,850 0
75 FIFTH ST NW SUITE 1025
ATLANTA,GA30308
MICHAEL K HAIR VP - FINANCE (FROM 01/24 - 03/2024)
40.00 		65,658 33,011 0
75 FIFTH ST NW SUITE 1025
ATLANTA,GA30308
KYLE M TERRY VP - FINANCE (FROM 9/1/2024 - 9/30/24)
40.00 		22,772 0 0
75 FIFTH ST NW SUITE 1025
ATLANTA,GA30308
LISA A BEALL CONTROLLER, ASSISTANT TREASURER
40.00 		269,000 104,526 0
75 FIFTH ST NW SUITE 1025
ATLANTA,GA30308
ANNE M TOMSKY ASSISTANT VICE PRESIDENT
40.00 		238,500 94,889 0
75 FIFTH ST NW SUITE 1025
ATLANTA,GA30308
DAVID E ANDERSON VP - REAL ESTATE (FROM 06/2024)
40.00 		139,327 49,879 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
PADRES SULAIMAN ASSISTANT CONTROLLER
40.00 		129,119 39,768 0
75 FIFTH ST SUITE 1025
ATLANTA,GA30308
TERRI KEMP PROJECT ACCOUNTANT
40.00 		109,500 44,030 0
75 FIFTH ST SUITE 1025
ATLANTA,GA30308
ERIKA UNDERWOOD OFFICE MANAGER & EXE
40.00 		78,000 31,667 0
75 FIFTH ST SUITE 1025
ATLANTA,GA30308
MICHAEL HADDOW FINANCIAL ANALYST
40.00 		78,500 29,410 0
75 FIFTH ST SUITE 1025
ATLANTA,GA30308
REBECCA SMITH OFFICE MANAGER
35.00 		65,300 23,943 0
75 FIFTH ST SUITE 1050
ATLANTA,GA30308
Total number of other employees paid over $50,000...................right arrow 5
Form 990-PF (2024)
Form 990-PF (2024)
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
COLLABORATIVE REAL ESTATE LLC PROPERTY & ASSET MGMT, CONSTRUCTION MGMT/PROJ DEVELOPMENT 1,345,815
75 5TH STREET NW SUITE 855
ATLANTA,GA30308
WINDHAM BRANNON PC AUDIT SERVICES 292,759
3630 PEACHTREE ROAD NE SUITE 600
ATLANTA,GA30326
CIBC INVESTMENT MANAGEMENT 216,640
3290 NORTHSIDE PKWY NW
ATLANTA,GA30327
BLUE SKY THIRD AVENUE MANAGEMENT LLC ADVISORY SERVICES 201,411
30 EAST 59TH ST 14TH FLOOR
NEW YORK,NY10022
MORGAN STANLEY FINANCIAL ADVISORS INVESTMENT MANAGEMENT 198,368
5565 GLENRIDGE CONN SUITE 1900
ATLANTA,GA30342
Total number of others receiving over $50,000 for professional services.............right arrow13
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. 29,882,327
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 DURING THE TAX YEAR 2024, THE FOUNDATION MADE A CAPITAL INVESTMENT OF $5,920,000 IN 700 TECHNOLOGY DRIVE OWNER LLC, A LIMITED LIABILITY COMPANY, FOR THE PURPOSE OF ACQUIRING AN 80% MEMBERSHIP INTEREST IN THE LLC IN FURTHERANCE OF TUFF'S TAX-EXEMPT PURPOSES. 5,920,000
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow5,920,000
Form 990-PF (2024)
Form 990-PF (2024)
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
94,286,160
b
Average of monthly cash balances.......................
1b
14,956,806
c
Fair market value of all other assets (see instructions)................
1c
22,269,273
d
Total (add lines 1a, b, and c).........................
1d
131,512,239
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
131,512,239
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,972,684
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
129,539,555
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
6,476,978
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 2024 from Part V, line 5 .......
2a
 
b
Income tax for 2024. (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
7,238,948
b
Program-related investments—total from Part VIII-B..................
1b
5,920,000
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
4,744,689
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
17,903,637
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7  
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$  
a Applied to 2023, 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 2024 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2024.    
(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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		 
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 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
6,476,978 3,962,623 5,791,643 3,188,428 19,419,672
b 85% (0.85) of line 2a ......... 5,505,431 3,368,230 4,922,897 2,710,164 16,506,721
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		17,903,637 38,770,263 62,767,041 22,992,445 142,433,386
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		1,398,070 325,743 3,080,677 313,972 5,118,462
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		16,505,567 38,444,520 59,686,364 22,678,473 137,314,924
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 .. 		4,317,985 4,245,837 4,044,223 3,664,861 16,272,906
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 if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 (2024)
Form 990-PF (2024)
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

AMERICAN ANGLICAN COUNCIL

PO BOX 2868
LOGANVILLE,GA30052 		NONE PC GENERAL SUPPORT 500

AMERICAN LEGION POST 0029

921 GRESHAM AVE NE
MARIETTA,GA30060 		NONE PC GENERAL SUPPORT 150

ASSOCIATION OF UNIVERSITY RESEARCH PARKS

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

ASSOCIATION OF UNIVERSITY RESEARCH PARKS

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

BOYS & GIRLS CLUBS OF SOUTHEASTERN NC

140 CINEMA DR UNIT H
WILMINGTON,NC28403 		NONE PC GENERAL SUPPORT 2,500

BOYS & GIRLS CLUBS OF SOUTHEASTERN NC

140 CINEMA DR UNIT H
WILMINGTON,NC28403 		NONE PC GENERAL SUPPORT 1,000

CHILDREN'S HEALTHCARE OF ATLANTA FOUNDATION

1687 TULLIE CIRCLE
ATLANTA,GA30329 		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 PROPERTIES LLC

PO BOX 3963
ATLANTA,GA30302 		NONE PC GENERAL SUPPORT 1,050,000

GEORGIA TECH FOUNDATION INC

PO BOX 3963
ATLANTA,GA30302 		NONE PC GENERAL SUPPORT 20,000

HIGHLANDS CASHIERS LAND TRUST INC

348 S 5TH ST 214
HIGHLANDS,NE28741 		NONE PC GENERAL SUPPORT 250

HIGHLANDS-CASHIERS HEALTH FOUNDATION

PO BOX 742
HIGHLANDS,NE28741 		NONE PC GENERAL SUPPORT 250

INTERNATIONAL BUSINESS INNOVATION ASSOCIATION

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

NET MENDERS INC

1543 KINGSTON HIGHWAY
KINGSTON,GA30145 		NONE PC GENERAL SUPPORT 150

NORTH CAROLINA COMMUNITY FOUNDATION

3737 GLENWOOD AVE SUITE 460
RALEIGH,NE27612 		NONE PC GENERAL SUPPORT 200

PARTNERSHIP FOR INCLUSIVE INNOVATION (PIN)

221 UNCLE HEINIE WAY 325 LYMAN HALL
ATLANTA,GA30332 		NONE PC GENERAL SUPPORT 75,000

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

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 HOPE CENTER INC

295 MOLLY LANE SUITE 120
WOODSTOCK,GA30189 		NONE PC GENERAL SUPPORT 250

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

THE SALVATION ARMY OF METRO ATLANTA

1000 CENTER PLACE
NORCROSS,GA30093 		NONE PC GENERAL SUPPORT 2,500

UIDP

1705 RICHLAND STREET SUITE G
COLUMBIA,SC29201 		NONE PC SPONSORSHIP 10,000

UIDP

1705 RICHLAND STREET SUITE G
COLUMBIA,SC29201 		NONE PC SPONSORSHIP 10,000

UIDP

1705 RICHLAND STREET SUITE G
COLUMBIA,SC29201 		NONE PC SPONSORSHIP 15,000

UNIVERSITY ECONOMIC DEVELOPMENT ASSOC

PO BOX 12546
ARLINGTON,VA22219 		NONE PC SPONSORSHIP 2,000

UNIVERSITY SYSTEM OF GA FOUNDATION

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

YOUNG ENTREPRENEURS ACADEMY

564 LAUREL ST
BATON ROUGE,LA70801 		NONE PC GENERAL SUPPORT 1,000

YOUNG LIFE-D184

PO BOX 5184
HARLAN,IA51593 		NONE PC GENERAL SUPPORT 10,000

ZETA TAU ALPHA FOUNDATION INC

1036 S RANGELINE RD
CARMEL,IN46032 		NONE PC GENERAL SUPPORT 300
Total .................................right arrow 3a 1,398,070
bApproved for future payment

AMERICAN ANGLICAN COUNCIL
PO BOX 2868
LOGANVILLE,GA30052 		NONE PC GENERAL SUPPORT 2,500

FOOD FOR THE POOR
6401 LYONS RD
COCONUT CREEK,FL33073 		NONE PC GENERAL SUPPORT 250

GEORGIA TECH FOUNDATION INC
PO BOX 3963
ATLANTA,GA30302 		NONE PC GENERAL SUPPORT 3,500

HILLSDALE COLLEGE
33 E COLLEGE ST
HILLSDALE,MI49242 		NONE PC GENERAL SUPPORT 500

PARTNERSHIP FOR INCLUSIVE INNOVATION (PIN)
221 UNCLE HEINIE WAY 325 LYMAN HALL
ATLANTA,GA30332 		NONE PC GENERAL SUPPORT 150,000

SAMARITAN'S PURSE
PO BOX 3000
BOONE,NC28607 		NONE PC GENERAL SUPPORT 500

SHEPHERD CENTER FOUNDATION INC
2020 PEACHTREE RD
ATLANTA,GA30309 		NONE PC GENERAL SUPPORT 500

THE SALVATION ARMY OF METRO ATLANTA
1000 CENTER PLACE
NORCROSS,GA30093 		NONE PC GENERAL SUPPORT 1,000

WARM WHISPERS MINISTRIES INC
950 EAGLES LANDING PKWY SUITE 975
STOCKBRIDGE,GA30281 		NONE PC GENERAL SUPPORT 450

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

YOUNG LIFE-D184
PO BOX 5184
HARLAN,IA51593 		NONE PC GENERAL SUPPORT 10,000

YOUTH WITH A MISSION COLORADO SPRINGS
505 POPES BLUFF TRAIL
COLORADO SPRINGS,CO80907 		NONE PC GENERAL SUPPORT 500
Total ................................. right arrow 3b 179,700
Form 990-PF (2024)
Form 990-PF (2024)
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
aENERGY SERVICE REVENUE         4,624,080
bINTEREST INCOME - PROGRAM RELATED         9,298,318
cCONSULTING AND LICENSING FEE REVENUE         37,132
dAMORT OF BOND PREMIUM         1,359,423
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 186,103  
4 Dividends and interest from securities ....     14 1,839,400  
5 Net rental income or (loss) from real estate:
aDebt-financed property...... 901101 -663,664     21,650,465
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 8,343,476  
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) .. -663,664 10,368,979 36,969,418
13Total. Add line 12, columns (b), (d), and (e)..................
13
46,674,733
(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.
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 (2024)
Form 990-PF (2024)
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
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Form 990-PF (2024)
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Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
THE UNIVERSITY FINANCING FOUNDATION INC
EIN:
58-1505902
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 337,833 164,130 168,917 168,917

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TY 2024 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.
700 TECHNOLOGY DRIVE OWNER LLC
  		75 5TH STREET NW SUITE 1025
ATLANTA,GA30308 		2024-01-03 5,920,000 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.     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 2024 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 2024 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 RFU WOODLANDS 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 30308TUFF 2200 SUTHERLAND AVENUE 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 30308TUFF UT PARK LLCEIN: N/A - SMLLCADDRESS: 75 5TH STREET NW, SUITE 1025, ATLANTA, GA 30308TUFF UT RESEARCH 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 2024 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 308,618 308,618
EATON VANCE EMERGING MARKETS DEBT OPPORTUNITIES FUND 873,098 873,098
FIDELITY ADVISOR FLOATING RATE HIGH INCOME FUND (FFRIX) 550,000 550,000
ISHARES CORE US AGGREGATE BOND ETF 1,745,728 1,745,728
PIMCO INVESTMENT GRADE CREDIT BOND I-2 706,694 706,694
VARIOUS COMPANIES - CORPORATE 3,128,881 3,128,881

TY 2024 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 1,228,311 1,228,311
ARTISAN INTL VALUE ADV (APDKX) 2,507,757 2,507,757
BARON PARTNERS INSTITUTIONAL 1,395,355 1,395,355
COMMON STOCK 56,821,454 56,821,454
CONGRESS SMALL CAP GROWTH INST FUND 1,218,550 1,218,550
DODGE & COX INTERNATIONAL STOCK FUND 3,749,012 3,749,012
FIDELITY ADV NEW INSIGHTS I 1,176,039 1,176,039
GOLDMAN SACH GQG PARTNERS INTERNATIONAL OPPORTUNITIES FUND 3,483,603 3,483,603
INVESCO SMALL CAP VALUE FUND (VSMIX) 1,188,188 1,188,188
INVESCO RUSSELL 1000 VALUE ETF (OMFL) 1,770,511 1,770,511
MSIF INTERNATIONAL OPPORTUNITY PTF I 1,912,922 1,912,922
OAKMARK INTERNATIONAL I (OANMX) 1,266,960 1,266,960
VANGUARD GROWTH INDEX FUND ETF 4,130,579 4,130,579
VANGUARD INDEX FUNDS LARGE CAP ETF 1,984,518 1,984,518
WISDOMTREE TRUST JAPAN HEDGED EQUITY ETF 496,305 496,305

TY 2024 InvestmentsGovtObligationsSch
Name:
THE UNIVERSITY FINANCING FOUNDATION INC
EIN:
58-1505902
US Government Securities - End of Year Book Value:

9,801,587
US Government Securities - End of Year Fair Market Value:

9,801,587
State & Local Government Securities - End of Year Book Value:


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


0


TY 2024 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
BUILDING IMPROVEMENTS 1,310,529 636,343 674,186 674,186
EQUIPMENT 260,895 230,841 30,054 30,054
FURNITURE AND FIXTURES 98,528 98,528 0 0

TY 2024 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
ACP INVESTMENT FUND IV-A, L.P. FMV 641,314 641,314
ADAMS STREET PARTNERS LEADERS FUND 2020 LP FMV 1,799,151 1,799,151
ALKEON GROWTH OFFSHORE FUND, LTD. FMV 2,352,233 2,352,233
ATLAS POINT GLOBAL MULTI-STRATEGY OFFSHORE FUND LTD FMV 2,408,043 2,408,043
AUDAX PRIVATE EQUITY FUND VII-A, L.P. FMV 932,091 932,091
CARLYLE DIRECT ALTERNATIVE OPPORTUNITIES FUND, L.P. FMV 932,554 932,554
COATUE OFFSHORE FUND LTD FMV 1,130,662 1,130,662
GREENBACKER RENEWABLE ENERGY COMPANY LLC FMV 441,255 441,255
H.I.G. ADVANTAGE BUYOUT FUND II, LP FMV 277,625 277,625
H.I.G. MIDDLE MARKET LBO FUND IV, LP FMV 25,174 25,174
HOLLYPORT SECONDARY OPPORTUNITIES IX FEEDER LP FMV 39,999 39,999
HEDGEPREMIER MILLENNIUM INTERNATIONAL LTD FMV 709,855 709,855
IRONWOOD MULTI STRAT FMV 595,655 595,655
LOGISTICS CO-INVEST 2022, L.P. FMV 341,906 341,906
PE PREMIER GA MAP OFFSHORE FEEDER L.P. FMV 928,058 928,058
PERSISTENT EDGE ASIA PARTNERS LTD FMV 2,737,636 2,737,636
THIRD POINT OFFSHORE INVESTORS FUND FMV 1,399,494 1,399,494
TRANSFORMATION CAPITAL FUND III-A LP FMV 1,006,814 1,006,814

TY 2024 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 11,326,143 0 11,326,143 11,326,143
BUILDINGS 87,361,393 35,615,811 51,745,582 51,745,582
BUILDING IMPROVEMENTS 20,954,374 11,543,286 9,411,088 9,411,088
LEASEHOLD IMPROVEMENTS 1,385,721 546,273 839,448 839,448
EQUIPMENT 991,984 785,665 206,319 206,319
FURNITURE AND FIXTURES 1,082,040 640,676 441,364 441,364
COMPUTER EQUIPMENT AND SOFTWARE 332,282 274,240 58,042 58,042


TY 2024 LegalFeesSchedule
Name:
THE UNIVERSITY FINANCING FOUNDATION INC
EIN:
58-1505902
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 163,167 86,747 99,310 63,857


TY 2024 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
LEASING COMMISSION   14,997 14,997
ACCRUED INTEREST RECEIVABLE 2,412,131 2,290,666 2,290,666
PARKING EASEMENT,NET 4,255,968 3,723,972 3,723,972
ACCRUED RENT RECEIVABLE 3,811,739 4,086,339 4,086,339
INTANGIBLE LEASE ASSETS, NET 6,248,033 11,914,250 11,914,250
250 EAST PONCE, BRIDGESIDE POINT 1, AND 700 TECHNOLOGY DRIVE 29,394,048 30,789,604 30,789,604
OPERATING RIGHT-OF-USE ASSETS 46,676,123 44,125,728 44,125,728
PROGRAM RELATED INVESTMENTS - NOTES RECEIVABLE 48,561,399 48,406,824 48,406,824
LEASE RECEIVABLE 100,749,423 92,002,762 92,002,762


TY 2024 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 116,362 7,566 7,566 108,796
PENALTIES AND FINES 3,943 0 0 0
LOAN SERVICING FEES 21,400 21,400 21,400 0
AMORTIZATION 1,771,205 1,664,378 1,771,205 0
CONDO FEES 2,072,082 2,072,082 2,072,082 0
RESERVE FUND EXPENSE 1,577,287 1,577,287 1,577,287 0
MISCELLANEOUS 126,283 94,575 109,180 17,103
ADMINISTRATION 397,428 293,431 397,428 0
BANK CHARGES 44,878 27,679 27,679 17,199
LEASING COMMISSION EXPENSE 533 533 533 0
SEMINARS 46,485 0 46,485 0
PROFESSIONAL DEVELOPMENT 36,611 0 0 36,611
OFFICE EXPENSES 22,762 10,302 10,302 12,460
TELEPHONE 88,473 7,638 7,638 80,835
PARKING 33,033 0 0 33,033
SECURITY 320,076 311,944 320,076 0
EQUIPMENT RENTAL 5,592 0 0 5,592
CLEANING 552,559 552,559 552,559 0
REPAIRS AND MAINTENANCE 355,663 244,649 351,767 3,896
SUPPLIES 29,625 0 0 29,625
LICENSES 4,535 0 0 4,535
DUES AND SUBSCRIPTIONS 76,617 3,255 3,255 73,362
INSURANCE 536,182 388,086 398,480 137,702
MARKETING 4,592 0 4,592 0
ACCRUAL TO CASH ADJUSTMENT 0 0 0 -63,552
SPONSORSHIP 7,671 0 7,671 0
ARBITRAGE REBATE TAX 50,578 0 0 0


TY 2024 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 -608,622 844,880
ENERGY SERVICE REVENUE 4,624,080   4,624,080
INTEREST INCOME - PROGRAM RELATED 9,298,318 9,298,318 9,298,318
CONSULTING AND LICENSING FEE REVENUE 37,132   37,132
AMORT OF BOND PREMIUM 1,359,423 1,359,423 1,359,423


TY 2024 OtherIncreasesSchedule
Name:
THE UNIVERSITY FINANCING FOUNDATION INC
EIN:
58-1505902
Description Amount
NET UNREALIZED GAIN (LOSS) ON INVESTMENTS 11,511,707
PRIOR PERIOD ADJUSTMENT 615,690
UNREALIZED GAIN (LOSS) ON RETIREMENT PLAN 398,355


TY 2024 OtherLiabilitiesSchedule
Name:
THE UNIVERSITY FINANCING FOUNDATION INC
EIN:
58-1505902
Description Beginning of Year - Book Value End of Year - Book Value
BONDS PAYABLE 202,626,489 187,752,338
LINE OF CREDIT 99,525,000 99,525,000
SECURITY DEPOSITS 386,418 472,011
OPERATING LEASE LIABILITIES 8,556,387 7,837,966
NOTES PAYABLE 42,705,942 54,087,454
BELOW-MARKET LEASE LIABILITIES, NET 9,657,665 9,730,396
UNAMORTIZED LOAN COSTS -1,752,410 -1,608,487


TY 2024 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 1,668,624 1,057,392 1,314,183 354,441
INVESTMENT MANAGEMENT FEES 764,769 764,769 764,769 0
ASSET MANAGEMENT FEES 80,159 80,159 80,159 0


TY 2024 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 93,852 4,412 93,852 0
EXCISE TAXES 23,404 0 23,404 0
FOREIGN TAXES 0 63,069 0 0