Liabilities / Assets
2nd percentile
Higher debt load relative to assets than 2% of similar nonprofits.
Educational Foundation
EIN 56-6094839 • 501(c)3 • Chapel Hill, NC
Profile
The trust was organized and at all times has and shall continue to be operated exclusively for the purpose of making distributions to the educational foundation, inc. (the "foundation") for use by the foundation in awarding scholarships to student-athletes attending the university of north carolina at chapel hill.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
3rd percentile
Higher debt load relative to revenue than 3% of similar nonprofits.
Net Margin
91st percentile
Higher net margin than 91% of similar nonprofits.
Top Officer Pay
24th percentile
Higher top officer pay than 24% of similar nonprofits.
Top officer pay equals 2.3% of source-year revenue.
Asset Growth
18th percentile
Faster asset growth than 18% of similar nonprofits.
Revenue Growth
30th percentile
Faster revenue growth than 30% of similar nonprofits.
Balance Sheet
Assets
Up$423,089,958
Up $32,158,729 (+8.2%) from 2023
Liabilities
Down$0
Down $16,001 (-100%) from 2023
Net Assets
Up$423,089,958
Up $32,174,730 (+8.2%) from 2023
Revenue
Down$23,391,900
Down $2,032,636 (-8.0%) from 2023
Expenses
Up$15,179,740
Up $1,126,760 (+8.0%) from 2023
Net Income
Down$8,212,160
Down $3,159,396 (-28%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $423,089,958
- Liabilities
- $0
- Net assets
- $423,089,958
- Revenue
- $23,391,900
- Expenses
- $15,179,740
- Net income
- $8,212,160
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2023 to Jun 30, 2024
- Signed
- May 8, 2025
- Return Version
- 2023v6.0
- Gross Receipts
- $23,467,975
Mission and Program Overview
Mission
The trust was organized and at all times has and shall continue to be operated exclusively for the purpose of making distributions to the educational foundation, inc. (the "foundation") for use by the foundation in awarding scholarships to student-athletes attending the university of north carolina at chapel hill.
SEE SCHEDULE O
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Other Securities | $353,493,286 | $386,262,912 | ▲ $32,769,626 |
| Savings and Temporary Cash Investments | $16,711,321 | $17,991,183 | ▲ $1,279,862 |
| Pledges and Grants Receivable | $14,090,590 | $11,342,788 | ▼ $2,747,802 |
| Accounts Receivable | $13,424 | $160,727 | ▲ $147,303 |
| Investments in Publicly Traded Securities | $64,766 | - | - |
| Total Assets | $390,931,229 | $423,089,958 | ▲ $32,158,729 |
| Other Assets Total | $6,557,842 | $7,332,348 | ▲ $774,506 |
| Liabilities | |||
| Other Liabilities | $16,001 | $0 | ▼ $16,001 |
| Total Liabilities | $16,001 | $0 | ▼ $16,001 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $390,915,228 | $423,089,958 | ▲ $32,174,730 |
| Total Net Assets Fund Balance | $390,915,228 | $423,089,958 | ▲ $32,174,730 |
| Total Liabilities and Net Assets / Fund Balance | $390,931,229 | $423,089,958 | ▲ $32,158,729 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Securities | $386,262,912 | - | - |
Endowment Activity
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2023 | $390,915,228 | $6,801,297 | ▲ $40,552,556 | - | $423,089,958 |
| 2022 | $400,351,626 | $10,038,228 | ▼ $5,422,357 | - | $390,915,228 |
| 2021 | $389,884,980 | $11,055,709 | ▲ $12,404,147 | - | $400,351,626 |
| 2020 | $284,218,738 | $12,595,018 | ▲ $105,412,598 | - | $389,884,980 |
| 2019 | $287,096,992 | $5,576,292 | ▲ $3,289,788 | - | $284,218,738 |
Compensation and Service Providers
Employees
| Name | Title | Other | Total |
|---|---|---|---|
| Emily Coble | Senior Director of Finance | $140,726 | $140,726 |
Board Members and Trustees
| Name | Title |
|---|---|
| John Montgomery | Executive Director |
| Diane Aldridge | CFO & General Counsel |
| Matt Terrell | Chief Strategy & Communica |
| Dwight Stone | Investment Committee Membe |
| Frank Brenner | Investment Committee Membe |
| Ken Williams | Investment Committee Membe |
| Lowry Caudill | Investment Committee Membe |
| Tom Chewning | Investment Committee Membe |
| Ken Mack | Senior Asssociate Executiv |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $6,801,297
- Program Service Revenue
- $0
- Investment Income
- $16,590,603
- Other Revenue
- $0
- All Other Contributions
- $6,801,297
- Change in Net Assets
- $8,212,160
Noncash Contribution Practices
- Property subject to holding requirements
- No
- Reviewed unusual noncash gifts
- Yes
- Third parties used for noncash contributions
- Yes
Noncash Contributions
| Contribution Type | Contribution Count | Reported Amount | Valuation Method |
|---|---|---|---|
| Securities Publicly Traded | 36 | $1,738,501 | Fair Market Value (FMV) |
| Total Noncash Contributions | 36 | $1,738,501 | - |
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $23,391,283
- Revenue Not Reported on Financial Statements
- $617
- Revenue Not Reported on Form 990
- $24,859,449
- Total Revenue per Audited Statements
- $48,250,732
- Total Revenue per Form 990
- $23,391,900
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $15,351,880 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Other Expenses | $-172,140 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $15,351,880 | - | - | $15,351,880 |
| Other Expenses | - | $-175,000 | - | $-175,000 |
| Total Functional Expenses | $15,351,880 | $-172,140 | $0 | $15,179,740 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $16,076,002 |
| Total Expenses per Form 990 | $15,179,740 |
| Expenses per Audited Statements | $15,179,123 |
| Expenses Not Reported on Form 990 | $896,879 |
| Expenses Not Reported on Financial Statements | $617 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| The Educational Foundation Inc | Chapel Hill, NC | 501(c)(3) | Scholarships | $15,351,880 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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
- Yes
- Backup withholding compliance
- Yes
- 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
- Yes
- Other officer compensation reviewed
- Yes
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section B, Line 11B
“Board review of form 990 during may of 2025, management distributed a draft of the 2023 form 990 to the audit committee and gave the members an opportunity to provide comments and ask questions with respect to the draft. Based on feedback provided from the audit committee, management updated the draft form 990. Prior to finalization of the return, management provided a finalized draft, via e-mail, to all members of the executive board of directors prior to filing with the irs.”
Form 990, Part VI, Section B, Line 12C
“Conflict of interest policy educational foundation scholarship endowment trust has a conflict of interest policy. It is the responsibility of each board member to annually notify the foundation of any potential conflicts. The organization's annual notification process serves as its process for monitoring potential conflicts.”
Form 990, Part VI, Section B, Line 15
“Compensation review educational foundation scholarship endowment trust does not employ personnel; therefore, a portion of the salaries and benefits of the educational foundation, inc. Personnel have been allocated to the educational foundation scholarship endowment trust. The educational foundation, inc.'s board of directors designated the compensation committee to be responsible for establishing compensation practices which are reasonable and do not violate the private inurement prohibition. The practices and processes are designed to avoid any claim for intermediate sanctions and to satisfy the requirements to obtain the rebuttable presumption. The compensation committee reviews outside, independent data to establish the compensation of our officers and key employees. The board of directors review and set forth the compensation for the ceo using the same process as the compensation committee.”
Form 990, Part VI, Section C, Line 19
“Governing documents educational foundation scholarship endowment trust does not make its governing documents, financial statements, or its conflict of interest policy available to the public. The organization's form 990 is publicly available upon request.”
Filing and Contact Details
Filer
- Filer Name
- Educational Foundation
- EIN
- 56-6094839
- Phone
- 9198432000
- Address
- 450 SKIPPER BOWLES DRIVE, CHAPEL HILL, NC 27599
Signing Officer
- Name
- Diane S Aldridge
- Title
- CFO & General Counsel
- Phone
- 9198432000
- Signed
- 2025-05-08
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- John Montgomery
- Formed
- 1968
- Legal Domicile
- Nc
- Voting Board Members
- 5
- Independent Board Members
- 5
- Employees
- 0
- Volunteers
- 200
Preparer
- Firm
- Kpmg Llp
- Address
- 500 W 5TH ST STE 800, WINSTONSALEM, NC 27101
- Preparer
- Shawn Hutchinson
- Phone
- 3362753394
Supplemental Narrative
Additional Explanations
FORM 990, PART I, LINE I:
“The trust operates solely to assist the university of north carolina at chapel hill in providing financial assistance to students at the university.”
FORM 990, PART III, LINE I:
“The trust was organized and at all times has and shall continue to be operated exclusively for the purpose of making distributions to the educational foundation, inc. (the "foundation") for use by the foundation in awarding scholarships to student-athletes attending the university of north carolina at chapel hill.”
Financial Statement Notes
Form 990, Schedule D, Part V, Line 4
“Intended uses of endowment funds endowments are invested in perpetuity and the income from those investments is expendable in accordance with the trust's endowment spending policy to support scholarships.”
Form 990, Schedule D, Part X, Line 2
“The trust is exempt from federal and state income taxes on related income under internal revenue code 501(a) as an organization described in section 501(c)(3) and applicable state status. Accordingly, no provision for income taxes has been made.”
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| IRS990/Desc | 0 | DISTRIBUTIONS FROM THE SCHOLARSHIP TRUST ARE FORWARDED TO THE EDUCATIONAL FOUNDATION, INC. IN ITS CAPACITY AS AGENT FOR THE TRUST. THE FOUNDATION THEN FORWARDS THESE DISTRIBUTIONS DIRECTLY TO THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL TO PROVIDE FINANCIAL ASSISTANCE TO OVER 550 STUDENT-ATHLETES AT THE UNIVERSITY. |
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| IRS990/NoncashContributionsAmt | 0 | 1738501 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 6557842 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 7332348 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | ANNUITY PAYMENTS |
| IRS990/OtherExpensesGrp/Desc | 1 | ADMIN EXPENSE |
| IRS990/OtherExpensesGrp/Desc | 2 | BAD DEBT EXPENSE |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 2243 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 617 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | -175000 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 2243 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 617 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | -175000 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 16001 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 14090590 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 11342788 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | JOHN MONTGOMERY |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 10038228 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 13975259 |
| IRS990/PYInvestmentIncomeAmt | 0 | 15386308 |
| IRS990/PYOtherExpensesAmt | 0 | 77721 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 11371556 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 14052980 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 25424536 |
| IRS990/QuidProQuoContributionsInd | 0 | 1 |
| IRS990/QuidProQuoContriDisclInd | 0 | 1 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 8212160 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 1 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 16711321 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 17991183 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd | 0 | 1 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd | 0 | 0 |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd | 0 | 1 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | ON AN ANNUAL BASIS, THE BOARD OF TRUSTEES OF THE EDUCATIONAL FOUNDATION SCHOLARSHIP TRUST ("TRUST") APPROPRIATES A PORTION OF THE NET APPRECIATION OF ITS ASSETS TO THE EDUCATIONAL FOUNDATION, INC. ("FOUNDATION") IN ITS CAPACITY AS AGENT FOR THE TRUST. THE DISTRIBUTIONS FROM THE TRUST TO THE FOUNDATION WERE $15,351,880 IN 2024 AND $13,975,259 IN 2023. THE FOUNDATION THEN FORWARDS THESE FUNDS TO THE UNIVERSITY TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS AT THE UNIVERSITY. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | FORM 990, SCHEDULE A, PART I |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 6801297 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 10038228 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 11055709 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 12595018 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 5576292 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 46066544 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 2192 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 38706 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 7540 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 9519 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 113314 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 171271 |
| IRS990ScheduleA/OtherSupportSumAmt | 0 | 0 |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.89490 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.88570 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 41377282 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 4689262 |
| IRS990ScheduleA/SupportedOrganizationsCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 0 | 566058412 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 0 | 5 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 0 | 15351880 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 0 | THE EDUCATIONAL FOUNDATION INC |
| IRS990ScheduleA/SupportingOrganization509a3Ind | 0 | X |
| IRS990ScheduleA/SupportingOrgType1Ind | 0 | X |
| IRS990ScheduleA/SupportSumAmt | 0 | 15351880 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 6801297 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 10038228 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 11055709 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 12595018 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 5576292 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 46066544 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 46237815 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt | 0 | -175000 |
| IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 390915228 |
| IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt | 0 | 6801297 |
| IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt | 0 | 423089958 |
| IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 15354123 |
| IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 40552556 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 75000 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 400351626 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt | 0 | 10038228 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 390915228 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 13977269 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | -5422357 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 229000 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 389884980 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt | 0 | 11055709 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 400351626 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 12764210 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 12404147 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 100000 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 284218738 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt | 0 | 12595018 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 389884980 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 12241374 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 105412598 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 287096992 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt | 0 | 5576292 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 284218738 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 11744334 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 3289788 |
| IRS990ScheduleD/DonatedServicesAndUseFcltsAmt | 0 | 896879 |
| IRS990ScheduleD/DonatedServicesUseFcltsAmt | 0 | 896879 |
| IRS990ScheduleD/EndowmentsHeldRelatedOrgInd | 0 | 0 |
| IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd | 0 | 1 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 896879 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 617 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 15179123 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/InvestmentExpensesNotIncld2Amt | 0 | 617 |
| IRS990ScheduleD/InvestmentExpensesNotIncldAmt | 0 | 617 |
| IRS990ScheduleD/NetUnrealizedGainsInvstAmt | 0 | 23962570 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 0 | 386262912 |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | UNC - CH FDN INVEST. FUND |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 0 | F |
| IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct | 0 | 0.45870 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 24859449 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 617 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 23391283 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | INTENDED USES OF ENDOWMENT FUNDS ENDOWMENTS ARE INVESTED IN PERPETUITY AND THE INCOME FROM THOSE INVESTMENTS IS EXPENDABLE IN ACCORDANCE WITH THE TRUST'S ENDOWMENT SPENDING POLICY TO SUPPORT SCHOLARSHIPS. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | THE TRUST IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME UNDER INTERNAL REVENUE CODE 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) AND APPLICABLE STATE STATUS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, SCHEDULE D, PART V, LINE 4 |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, SCHEDULE D, PART X, LINE 2 |
| IRS990ScheduleD/TermEndowmentBalanceEOYPct | 0 | 0.54130 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 386262912 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 15179740 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 23391900 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 48250732 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 16076002 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 1 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 15351880 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 0 | 0 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc | 0 | N/A |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | SCHOLARSHIPS |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | THE EDUCATIONAL FOUNDATION INC |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 566058412 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 450 SKIPPER BOWLES DRIVE |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | CHAPEL HILL |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 27599 |
| IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc | 0 | N/A |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | MONITORING THE USE OF GRANT FUNDS THE GRANT MADE BY THE ORGANIZATION WAS MADE TO A PUBLIC CHARITY FOR USE IN ITS EXEMPT MISSION. ACCORDINGLY, THE ORGANIZATION EXPECTS THE CHARITY TO USE THE FUNDS FOR PROPER PURPOSES, AND AS SUCH, DOES NOT SUBSEQUENTLY MONITOR THE GRANT. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, SCHEDULE I, PART I, QUESTION 2 |
| IRS990ScheduleI/Total501c3OrgCnt | 0 | 1 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | 0 |
| IRS990ScheduleJ/BoardOrCommitteeApprovalInd | 0 | X |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | 0 |
| IRS990ScheduleJ/CompensationCommitteeInd | 0 | X |
| IRS990ScheduleJ/CompensationSurveyInd | 0 | X |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990ScheduleJ/Form990OfOtherOrganizationsInd | 0 | X |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 1 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 2 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 3 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 2 | 0 |
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