UNCW Business Affairs - Finance - Associated Entities
Associated entities: established by the university, board membership controlled by the university, raise money in the name of the university, primary purpose to provide services and activities in support of and in furtherance of the
university's educational, research, and public service missions (501(c) (3) organizations), and /or they possess an IRS recognized tax-exempt status as a supporting organization (509(a)) for the university. LLCs established to conduct
day-to-day activities, managed by university officers or employees and restricted to services and activities in furtherance of the university's mission. The single members hold 100% interest in the LLCs. Major Associated Entities have
annual expenditures of more than $100,000. Minor Associated Entities have annual expenditures of less than $100,000.
Corporation/Foundation
The Foundation of the University
of North Carolina at Wilmington,
Inc. (single member)
Associated Limited
Liability Companies
Organizer
University Officers
Seahawk Investment
Strategies, LLC
Purpose
Fundraising in Support of
UNCW
Activities
Fundraising, Property
acquisition
Category
Major Entity
Oversight of $1M endowment Investment in securities
gift from BB&T, invested by among sectors of S&P 500
Finance students from CSB as
part of their classroom
experience
Board Structure/ Management
Structure
Assets
Volunteer Board - external to
Cash, real estate, insurance
UNCW
policies, gift annuities and
investments
Advisory Board comprised of 5 Equity investments
persons representing BB&T,
UNCW administration, UNCW
Foundation and Cameron School
of Business
UNCW Student Aid Association,
Inc. (Seahawk Club)
University Officers
Support UNCW Athletics
Fundraising, Selfliquidating projects
Major Entity
Volunteer Board - External to
UNCW
Cash
The Alumni Association of the
University of North Carolina at
Wilmington
University Officers
Support UNCW Alumni
Outreach
Goodwill, Fundraising,
Special Projects
Major Entity
Volunteer Board - External to
UNCW
Cash, Investments
Friends of the University of North
Carolina at Wilmington Inc.
Marian Rippy, et al.
Support UNCW
Fundraising
Minor Entity
Volunteer Board - External to
UNCW
Cash
UNCW Corporation
University Officers
Development of UNCW
Student Housing, Ground
Lease, Operating Agreement
back to University
Debt issued through
Corporation
Major Entity
3 Directors are internal to
UNCW and 3 are external
Use Agreement with UNCW
Capital Lease with UNCW,
BBT is the Trustee. Seahawk
Crossing, Parking Deck and
Retail Store
UNCW Corporation II (single
member of the LLCs)
University Officers
Property acquisition,
disposition, and development
in support of UNCW.
Management Service
Agreements with UNCW
Notes with BBT secured
through the LLCs
Major Entity
4 Directors are internal to
UNCW and 3 are external to
operations
100% interest in LLCs,
Management Service
Agreements with UNCW,
Notes with BBT
UNCW Corporation
Oleander One, LLC
Used for Auxiliary parking
Manager - VCBA
5335 Oleander Drive, old
Carmike Cinema property,
5.80 acres, 1 - 2 story
building, 19,800 sq ft
UNCW Corporation
College Station, LLC
Used by Public Service
Osher Life Long Learning
Institute
Manager - VCBA
620 S College Road, 1.06
acres, building 3,246 sq ft
UNCW Research Foundation
(single member of the LLCs)
The Donald R. Watson
Foundation, Inc.
University Officers
Supporting organization for
the development of IP created
at UNCW
Major Entity
4 voting Directors and 3 non
Cash
voting Ex Officio - all Internal to
UNCW
UNCW Corporation
Research I ,LLC
Development of UNCW
originated intellectual
property
Manager - VCBA
Cash and 20% Equity interest
in Mobile Ed, LLC
(unaffiliated entity; faculty
start-up)
UNCW Center for
Innovation and
Entrepreneurship, LLC
Act as the go-to resource
for entrepreneurship and
job creation in the
Wilmington region
Director CIE
Cash
The CREST Millennial
Campus, LLC
Lease up and manage the
operations of millennial
campus locations
Manager - VCBA
None as of 06/30/15
MARBIONC Development
Group, LLC
Development of UNCW
originated intellectual
property
Manager - VCBA/ CMS Senior
Technology Officer
Cash
3 Directors are internal to
UNCW Operations and 2 are
external
Cash and Investments
Donald Watson
Support UNCW, Duke
Medical and St. Johns
Episcopal Church
Provides funds for
scholarships
Major Entity