SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2021
Open to Public
Inspection
Name of the organization
NC STATE INVESTMENT FUND INC
 
Employer identification number

31-1607634
Return Reference Explanation
FORM 990, PART VI, SECTION B, LINE 11B DRAFT 990 IS DISTRIBUTED TO BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REQUIRES EACH BOARD MEMBER, OFFICER AND AGENTS ACTING ON BEHALF OF THE INVESTMENT FUND (1) TO REVIEW THE FUND'S BYLAWS AND POLICIES INCLUDING THE POLICY WITH REGARD TO CONFLICT OF INTEREST; (2) TO DISCLOSE ON AN ONGOING BASIS THROUGHOUT THEIR TENURE ANY POSSIBLE PERSONAL, FAMILIAL OR BUSINESS RELATIONSHIPS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST INVOLVING THE FUND; AND (3) TO ACKNOWLEDGE BY THEIR SIGNATURE THAT THEY ARE IN FULL ACCORD AND WILL ABIDE BY BOTH THE LETTER AND SPIRIT OF THE POLICY.
FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS AND OFFICERS OF NC STATE INVESTMENT FUND, INC THAT DO RECEIVE COMPENSATION ARE COMPENSATED BY NC STATE UNIVERSITY, A 170(C)(1) ORGANIZATION RELATED TO NC STATE INVESTMENT FUND, INC. NC STATE UNIVERSITY SETS THE COMPENSATION OF THESE EMPLOYEES BY ACQUIRING COMPARABILITY DATA WHICH IS REVIEWED AND APPROVED BY INDEPENDENT PERSONS WITH CONTEMPORANEOUS SUBSTANTIATION OF THE DECISION.
FORM 990, PART VI, SECTION C, LINE 18 THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBSITE (HTTP://FOUNDATIONSACCOUNTING.OFA.NCSU.EDU/INVESTMENT-FUND). OTHER GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
FORM 990, PART VI, SECTION C, LINE 19 THE 990 IS LISTED ON THE WEBSITE. FORM 1023 IS MADE AVAILABLE UPON REQUEST.
FORM 990 PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
PAGE 1, ITEM J WEBSITE - HTTP://FOUNDATIONSACCOUNTING.OFA.NCSU.EDU/INVESTMENT-FUND
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2021


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