The North Carolina Agricultural Foundation Inc North Carolina

The North Carolina Agricultural Foundation, Inc. North Carolina Tobacco Foundation, Inc. North Carolina Dairy Foundation

NC Agricultural Foundation (NCAF) NC Tobacco Foundation (NCTF) • Founded in 1944 (NCAF) and 1975 (NCTF) • Non-profit, 501(c)3 organizations affiliated with the College of Agriculture and Life Sciences (CALS) at North Carolina State University in Raleigh, NC. • North Carolina State University is an institution of higher education and a constituent institution of the University of North Carolina (UNC) subject to the UNC Board of Governors’ Code and the UNC Policy Manual, including UNC Regulation 600. 2. 5. 2 [R].

NCAF To provide philanthropic support (cash, planned gifts, in-kind gifts, real estate and farms) to enhance the Academic, Extension, and Research mission of the College consistent with a Land-Grant University. NCTF To aid extension and research by the College of Agriculture and Life Sciences related to the production, manufacturing, and use of tobacco and tobacco products.

NCAF and NCTF The Foundations, supported by the CALS College Advancement team, is the centerpiece for funding and innovation of efforts to support the College of Agriculture and Life Sciences. Other Foundations/Fund Raising Boards that operate under the auspices of the NC Agricultural Foundation include: NC Dairy Foundation North Carolina 4 -H Development Fund NC Cooperative Extension Agriculture Programs Foundation NC Agricultural and Life Sciences Research Foundation NC FFA Foundation NC Family and Consumer Sciences and Extension Community Association Foundation NC Dairy Youth Foundation JC Raulston Arboretum Board of Directors

By the Numbers 669 $4. 9 Million $1. 2 Million $2. 1 Million Number of endowments benefiting CALS Amount generated for graduate and undergraduate support from 375 endowments Amount generated from endowment income Amount generated for professorship (from 17 endowments)

NCAF 148 Number of volunteer board members 100 County Reps + Cherokee 48 Agribusiness and commodity reps NCTF 59 Number of volunteer board members 11 Ex-officio members - reps from Farm Bureau, NCDA, State Grange, etc. 48 Elected various Tobacco reps

Financial Facts • Private philanthropic support for the College of Agriculture and Life Sciences has grown from $21. 573 million in FY 10 to $84 million in Fiscal year 2017 • At December 31, 2017, the NCAF had total investable assets of $133. 1 million. • At December 31, 2017, the NCTF had total investable assets of $9. 9 million. • NCAF has an operating (general fund) budget of $2, 482, 246 • NCTF has an operating (general fund) budget of $173, 025 • The Foundations are led by a dedicated and passionate staff of professionals committed to supporting the mission of the College.

Asset Management Endowment contributions are managed by the UNC Management Company, which manages endowments for the public universities in NC. Endowments are invested with the NC State Investment Fund, Inc. , which realized a net investment return of 6. 8% for the fiscal year-to-date as compared to the benchmark of 6. 5%. The one-year performance, also as of December 31, was 13. 2% as compared to the benchmark of 13. 3%. Results of the 2017 NACUBO (National Association of College and University Business Officers) - Commonfund Endowment Survey - NC State University and associated entities (including the Ag and Tobacco Foundations) ranked 94 out of 809 respondents with a combined endowment market value of $1. 12 billion at June 30, 2017. NC State reported a combined return to NACUBO of 12. 1%.

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