Civic Intelligence

Queens University of Charlotte Endowment

EIN 47-2298734 • 501(c)3 • Charlotte, NC

Profile

THE ENDOWMENT WILL PERFORM THE ENDOWMENT FUNCTIONS AND CARRY OUT THE PURPOSES OF QUEENS UNIVERSITY OF CHARLOTTE AND FOUNDATION FOR THE CAROLINAS WITH RESPECT TO THE QUEENS UNIVERSITY OF CHARLOTTE.

Refreshing map…

220 N Tryon StCharlotte, NC 28202

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

2nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE B • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

2nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE B • $100M-$250M nonprofits • Source year 2024

Net Margin

1st percentile

-277%

Higher net margin than 1% of similar nonprofits.

NTEE B • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

85th percentile

$758,643

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 32.0% of source-year revenue.

NTEE B • $100M-$250M nonprofits • Source year 2024

Asset Growth

67th percentile

7.6%

Faster asset growth than 67% of similar nonprofits.

NTEE B • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

2nd percentile

-32%

Faster revenue growth than 2% of similar nonprofits.

NTEE B • $100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets2nd percentile

Assets

Up

$166,265,915

Up $11,763,235 (+7.6%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$166,265,915

Up $11,763,235 (+7.6%) from 2023

Operations
Liabilities / Revenue2nd percentileNet Margin1st percentile

Revenue

Down

$2,368,471

Down $1,091,315 (-32%) from 2023

Expenses

Down

$8,919,537

Down $5,025,483 (-36%) from 2023

Net Income

Up

-$6,551,066

Up $3,934,168 (+38%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth67th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200M$150M$100M$50M$0Assets 2015: $94,393,144Liabilities 2015: $0Net Assets 2015: $94,393,1442015Assets 2016: $98,936,341Liabilities 2016: $0Net Assets 2016: $98,936,3412016Assets 2017: $108,342,653Liabilities 2017: $0Net Assets 2017: $108,342,6532017Assets 2018: $126,504,243Liabilities 2018: $0Net Assets 2018: $126,504,2432018Assets 2019: $126,769,820Liabilities 2019: $0Net Assets 2019: $126,769,8202019Assets 2020: $140,098,941Liabilities 2020: $0Net Assets 2020: $140,098,9412020Assets 2021: $185,539,015Liabilities 2021: $0Net Assets 2021: $185,539,0152021Assets 2022: $153,989,404Liabilities 2022: $0Net Assets 2022: $153,989,4042022Assets 2023: $154,502,680Liabilities 2023: $0Net Assets 2023: $154,502,6802023Assets 2024: $166,265,915Liabilities 2024: $0Net Assets 2024: $166,265,9152024

Highlighted filing

2024

Assets$166,265,915
Liabilities$0
Net Assets$166,265,915
Open 2024 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100M$50M$0-$50MRevenue 2015: $92,669,716Expenses 2015: $122,408Net Income 2015: $92,547,3082015Revenue 2016: $11,522,009Expenses 2016: $5,260,164Net Income 2016: $6,261,8452016Revenue 2017: $4,804,156Expenses 2017: $5,276,564Net Income 2017: -$472,4082017Revenue 2018: $21,971,669Expenses 2018: $9,643,658Net Income 2018: $12,328,0112018Revenue 2019: $10,247,500Expenses 2019: $8,391,991Net Income 2019: $1,855,5092019Revenue 2020: $24,779,644Expenses 2020: $12,009,575Net Income 2020: $12,770,0692020Revenue 2021: $2,324,123Expenses 2021: $3,524,204Net Income 2021: -$1,200,0812021Revenue 2022: $1,639,921Expenses 2022: $13,203,639Net Income 2022: -$11,563,7182022Revenue 2023: $3,459,786Expenses 2023: $13,945,020Net Income 2023: -$10,485,2342023Revenue 2024: $2,368,471Expenses 2024: $8,919,537Net Income 2024: -$6,551,0662024

Highlighted filing

2024

Revenue$2,368,471
Expenses$8,919,537
Net Income-$6,551,066
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$166,265,915
Liabilities
$0
Net assets
$166,265,915
Revenue
$2,368,471
Expenses
$8,919,537
Net income
-$6,551,066
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$166$0.00$166$2.37$8.92$6.55
2023Summary only. Only limited summary data is available for this year.$155$0.00$155$3.46$13.9$10.5
2022Summary only. Only limited summary data is available for this year.$154$0.00$154$1.64$13.2$11.6
2021Summary only. Only limited summary data is available for this year.$186$0.00$186$2.32$3.52$1.20
2020Summary only. Only limited summary data is available for this year.$140$0.00$140$24.8$12.0$12.8
2019Summary only. Only limited summary data is available for this year.$127$0.00$127$10.2$8.39$1.86
2018Summary only. Only limited summary data is available for this year.$127$0.00$127$22.0$9.64$12.3
2017Summary only. Only limited summary data is available for this year.$108$0.00$108$4.80$5.28$0.47
2016Summary only. Only limited summary data is available for this year.$98.9$0.00$98.9$11.5$5.26$6.26
2015Summary only. Only limited summary data is available for this year.$94.4$0.00$94.4$92.7$0.12$92.5
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jun 25, 2025
Return Version
2023v6.0
Gross Receipts
$2,368,471
Mission and Program Overview

Mission

The endowment will perform the endowment functions and carry out the purposes of queens university of charlotte and foundation for the carolinas with respect to the queens university of charlotte.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$154,502,680$166,265,915▲ $11,763,235
Total Assets$154,502,680$166,265,915▲ $11,763,235
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$154,502,680$166,265,915▲ $11,763,235
Total Net Assets Fund Balance$154,502,680$166,265,915▲ $11,763,235
Total Liabilities and Net Assets / Fund Balance$154,502,680$166,265,915▲ $11,763,235

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$2,292,908--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$154,502,680$2,496,550▲ $17,987,282-$166,265,915
2022$153,989,404$3,466,168▲ $10,794,483-$154,502,680
2021$185,539,015$1,592,210▼ $20,159,746-$153,989,404
2020$140,098,942$1,157,789▲ $47,573,430-$185,539,015
2019$126,769,820$24,967,738▲ $94,897-$140,098,942
Compensation and Service Providers
Top Officer Pay85th percentile

Board Members and Trustees

NameTitle
L Watts Hamrick IiiChair
Daniel LugoPresident
Donna DeanDirector
Eric Mccarthy CfaDirector
Hooper HardisonDirector
Manuel ReyDirector
Marcia TillotsonDirector
Margi VagellDirector
Rob EngelDirector
Saad EhtishamDirector
Susan McconnellDirector
Matthew a PackeyAsst Secretary (start 7/1/23)
Mary Alice BoydAsst Secretary (thru 6/30/23)
Alyssa FedericoSenior VP, Finance

Highest Paid Contractors

ContractorServicesLocationCompensation
Foundation For The CarolinasAdministration220 N TRYON STREET, Charlotte, NC 28202$474,625
Revenue and Support

Revenue Composition

Contributions and Grants
$2,496,550
Program Service Revenue
$0
Investment Income
$-128,079
Other Revenue
$0
Change in Net Assets
$-6,551,066
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$8,239,512
Other Expenses$680,025
Total Fundraising Expense$47,670
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$8,239,512--$8,239,512
Fees for Services Other$219,567$227,794$33,724$481,085
Fees for Service Investment Mgmnt Fees$90,796$94,198$13,946$198,940
Total Functional Expenses$8,549,875$321,992$47,670$8,919,537
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Queens University of CharlotteCharlotte, NC501(c)(3)Charitable Gift$8,239,512
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“Quce board members are appointed by its supported organizations. The board includes one community director appointed by foundation for the carolinas, and no less than two and no more than eleven appointed by queens university of charlotte.”

Form 990, Part VI, Section B, Line 11B

“A copy of the final form 990 was distributed to each voting member of the board prior to filing. The return was available for discussion at the board meeting closest to the filing date.”

Form 990, Part VI, Section B, Line 12C

“Board members annually complete a conflict of interest form in compliance with the queens university of charlotte's (supported organization) ethics policy. Staff collects and maintains the forms annually and monitors the process.”

Form 990, Part VI, Section B, Line 15

“The endowment does not have any employees and therefore does not have a formal policy for determining compensation.”

Form 990, Part VI, Section C, Line 19

“The endowment's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Queens University of Charlotte Endowment
EIN
47-2298734
Phone
7049734500
Address
220 N TRYON ST, CHARLOTTE, NC 28202

Signing Officer

Name
Alyssa Federico
Title
Senior VP, Finance
Phone
7049734500
Signed
2025-06-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alyssa Federico
Formed
2014
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Cherry Bekaert Advisory LLC
Address
1111 METROPOLITAN AVE STE 900, CHARLOTTE, NC 28204
Preparer
Melanie Mcpeak
Phone
7043771678
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“Spendable income from endowed funds is used annually to provide support to queens university. Income can be designated for specific programs or projects, or can be used for general support. The percentage reported for permanent endowments includes amounts that must be maintained in perpetuity as well as accumulated earnings on such amounts that have not yet been appropriated for expenditure.”

PART X, LINE 2:

“The foundation and its supporting organizations are exempt from federal income tax under the provisions of section 501(c)(3) of the irc. In accordance with irc regulations, the foundation is taxed on unrelated business income, which consists of earnings from activities not related to the exempt purpose of the foundation. The foundation accounts for tax uncertainties based on a more likely than not recognition threshold whereby tax benefits are only recognized when the foundation believes they have a greater than 50% likelihood of being sustained upon examination by taxing authorities. The foundation has evaluated all its tax positions and determined it had no uncertain income tax positions as of december 31, 2023 or 2022.”

Raw XML AppendixShowing 400 of 606 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11SENIOR VP, FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt12ASST SECRETARY (START 7/1/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt13ASST SECRETARY (THRU 6/30/23)
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IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt08239512
IRS990/GrantsToDomesticOrgsGrp/TotalAmt08239512
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02368471
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0-128079
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0-128079
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0154502680
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0166265915
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ENDOWMENT WILL PERFORM THE ENDOWMENT FUNCTIONS AND CARRY OUT THE PURPOSES OF QUEENS UNIVERSITY OF CHARLOTTE AND FOUNDATION FOR THE CAROLINAS WITH RESPECT TO THE QUEENS UNIVERSITY OF CHARLOTTE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0154502680
IRS990/NetAssetsOrFundBalancesEOYAmt0166265915
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt018314301
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ALYSSA FEDERICO
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03466168
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt013263486
IRS990/PYInvestmentIncomeAmt0-6382
IRS990/PYOtherExpensesAmt0681534
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-10485234
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt013945020
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03459786
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-6551066
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt02496550
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt02
IRS990ScheduleA/SupportedOrganizationsTotalCnt02
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0560530003
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1566047886
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd11
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd17
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt08239512
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0QUEENS UNIVERSITY OF CHARLOTTE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1FOUNDATION FOR THE CAROLINAS
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt08239512
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0481085
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0154502680
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt02496550
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0166265915
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt08239512
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt017987282
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0483889
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0153989404
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt03466168
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0154502680
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt013263486
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt010794483
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0560074
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0185539015
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01592210
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0153989404
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt012422001
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-20159746
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0464374
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0140098942
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01157789
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0185539015
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt02826772
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt047573430
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0434645
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0126769820
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt024967738
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0140098942
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt011298868
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt094897
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03435912
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11506913
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2159030182
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt32292908
IRS990ScheduleD/OtherSecuritiesGrp/Desc0DIVERSIFIED LONG-TERM GROWTH
IRS990ScheduleD/OtherSecuritiesGrp/Desc1ACTIVE LONG-TERM GROWTH
IRS990ScheduleD/OtherSecuritiesGrp/Desc2QUEENS ENDOWMENT POOL
IRS990ScheduleD/OtherSecuritiesGrp/Desc3CUSTOM POOL
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SPENDABLE INCOME FROM ENDOWED FUNDS IS USED ANNUALLY TO PROVIDE SUPPORT TO QUEENS UNIVERSITY. INCOME CAN BE DESIGNATED FOR SPECIFIC PROGRAMS OR PROJECTS, OR CAN BE USED FOR GENERAL SUPPORT. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION AND ITS SUPPORTING ORGANIZATIONS ARE EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE IRC. IN ACCORDANCE WITH IRC REGULATIONS, THE FOUNDATION IS TAXED ON UNRELATED BUSINESS INCOME, WHICH CONSISTS OF EARNINGS FROM ACTIVITIES NOT RELATED TO THE EXEMPT PURPOSE OF THE FOUNDATION. THE FOUNDATION ACCOUNTS FOR TAX UNCERTAINTIES BASED ON A MORE LIKELY THAN NOT RECOGNITION THRESHOLD WHEREBY TAX BENEFITS ARE ONLY RECOGNIZED WHEN THE FOUNDATION BELIEVES THEY HAVE A GREATER THAN 50% LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS EVALUATED ALL ITS TAX POSITIONS AND DETERMINED IT HAD NO UNCERTAIN INCOME TAX POSITIONS AS OF DECEMBER 31, 2023 OR 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0166265915
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt08239512
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CHARITABLE GIFT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0QUEENS UNIVERSITY OF CHARLOTTE
IRS990ScheduleI/RecipientTable/RecipientEIN0560530003
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt019000 SELWYN AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHARLOTTE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd028274
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS ARE MADE TO ITS SUPPORTED ORGANIZATION, QUEENS UNIVERSITY OF CHARLOTTE. THE CLOSE RELATIONSHIP BETWEEN THE ORGANIZATIONS SERVES TO MONITOR THE USE OF FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt055000

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