FURMAN UNIVERSITY: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: FURMAN UNIVERSITY (EIN 57-0314395)
Tax period: 2024-07-01 to 2025-06-30
Filed: 2026-05-14
IRS object ID: 202641349349303494
Schema version: 2024v5.5
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule E
Schedule F
Schedule G
Schedule I
Schedule J
Schedule K
Schedule L
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2026-05-14T09:56:23-05:00	ReturnTs
Tax Period End	2025-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	410746749	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CLIFTONLARSONALLEN LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	121 SOUTH TEJON STREET SUITE 1100	AddressLine1Txt
City	COLORADO SPRINGS	CityNm
State Abbreviation	CO	StateAbbreviationCd
ZIP	80903	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2024-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	570314395	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FURMAN UNIVERSITY	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	FURM	BusinessNameControlTxt
Phone	8642943496	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3300 POINSETT HIGHWAY	AddressLine1Txt
City	GREENVILLE	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29613	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	SUSAN MADDUX	PersonNm
Person Title	VP FOR FINANCE & ADMINISTRATION	PersonTitleTxt
Phone	8642943496	PhoneNum
Signature	2026-04-15	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (1)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	SARAH HINTZ	PreparerPersonNm
PTIN	P00492291	PTIN
Phone	7196350330	PhoneNum
Preparation	2026-05-13	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	SUSAN MADDUX	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3300 POINSETT HIGHWAY	AddressLine1Txt
City	GREENVILLE	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29613	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$614,481,625	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.FURMAN.EDU	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1826	FormationYr
Legal Domicile State	SC	LegalDomicileStateCd
Activity Or Mission	FURMAN UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION PROVIDING DISTINCTIVE UNDERGRADUATE EDUCATION EMPHASIZING AN ENGAGED APPROACH COMBINING CLASSROOM LEARNING WITH REAL WORLD EXPERIENCES AND SELF-DISCOVERY.	ActivityOrMissionDesc
Voting Members Governing Body	31	VotingMembersGoverningBodyCnt
Voting Members Independent	31	VotingMembersIndependentCnt
Total Employee	2357	TotalEmployeeCnt
Total Volunteers	31	TotalVolunteersCnt
Total Gross UBI	-$502,356	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$23,575	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$43,802,648	PYContributionsGrantsAmt
CY Contributions Grants	$38,102,756	CYContributionsGrantsAmt
PY Program Service Revenue	$184,035,811	PYProgramServiceRevenueAmt
CY Program Service Revenue	$194,004,922	CYProgramServiceRevenueAmt
PY Investment Income	$60,117,373	PYInvestmentIncomeAmt
CY Investment Income	$64,412,741	CYInvestmentIncomeAmt
PY Other Revenue	$927,751	PYOtherRevenueAmt
CY Other Revenue	$330,452	CYOtherRevenueAmt
PY Total Revenue	$288,883,583	PYTotalRevenueAmt
CY Total Revenue	$296,850,871	CYTotalRevenueAmt
PY Grants And Similar Paid	$85,801,841	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$92,973,746	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$92,832,745	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$93,271,351	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$5,237,749	CYTotalFundraisingExpenseAmt
PY Other Expenses	$91,498,301	PYOtherExpensesAmt
CY Other Expenses	$93,809,030	CYOtherExpensesAmt
PY Total Expenses	$270,132,887	PYTotalExpensesAmt
CY Total Expenses	$280,054,127	CYTotalExpensesAmt
PY Revenues Less Expenses	$18,750,696	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$16,796,744	CYRevenuesLessExpensesAmt
Total Assets BOY	$1,399,667,880	TotalAssetsBOYAmt
Total Assets EOY	$1,449,547,125	TotalAssetsEOYAmt
Total Liabilities BOY	$269,319,882	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$269,707,562	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$1,130,347,998	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$1,179,839,563	NetAssetsOrFundBalancesEOYAmt
Mission	THE PRIMARY MISSION OF FURMAN AS A LIBERAL ARTS INSTITUTION IS TO PROVIDE A DISTINCTIVE EDUCATION IN FINE ARTS, HUMANITIES, SOCIAL SCIENCES, MATHEMATICS AND THE SCIENCES, AS WELL AS SELECTED PROFESSIONAL DISCIPLINES.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$181,757,985	ExpenseAmt
Grant	$92,973,746	GrantAmt
Revenue	$147,827,221	RevenueAmt
Desc	INSTRUCTION OF STUDENTS IN BOTH UNDERGRADUATE AND GRADUATE PROGRAMS. A PERSONALIZED FOUR-YEAR PATHWAY FOR STUDENTS INSTITUTED BY THE FURMAN ADVANTAGE INCLUDES HIGH IMPACT, ENGAGED LEARNING THROUGH RESEARCH, INTERNSHIPS, AND STUDY ABROAD PROGRAMS. SCHOLARSHIPS ARE AWARDED TO ELIGIBLE STUDENTS BASED ON FINANCIAL NEED AND ACADEMIC MERIT.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$39,443,847	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$4,299,344	RevenueAmt
Desc	STUDENT SERVICES INCLUDES INTERCOLLEGIATE ATHLETICS, INTRAMURAL AND CLUB SPORTS, ENROLLMENT MANAGEMENT, STUDENT GOVERNMENT AND A LARGE VARIETY OF STUDENT ORGANIZATIONS, SERVICES AND ACTIVITIES.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$29,031,837	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$42,274,303	RevenueAmt
Desc	THE UNIVERSITY CONDUCTED AUXILIARY ENTERPRISES FOR THE CONVENIENCE OF STUDENTS, FACULTY, STAFF AND THE AT-LARGE COMMUNITY. THESE AUXILIARY ENTERPRISES INCLUDE STUDENT HOUSING, DINING SERVICES, GOLF COURSE, SPORTS ARENA AND CONFERENCE CENTER.	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$250,233,669	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	Yes (1)	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	Yes (1)	CollectionsOfArtInd
Credit Counseling	Yes (1)	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (1)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	Yes (1)	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	Yes (1)	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	Yes (1)	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	Yes (1)	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	Yes (1)	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	Yes (1)	TaxExemptBondsInd
Invest Tax Exempt Bonds	0	InvestTaxExemptBondsInd
Escrow Account	0	EscrowAccountInd
On Behalf Of Issuer	0	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	Yes (1)	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	Yes (1)	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	3325	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	2357	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	Yes (1)	QuidProQuoContributionsInd
Quid Pro Quo Contri Discl	Yes (1)	QuidProQuoContriDisclInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	31	GoverningBodyVotingMembersCnt
Independent Voting Member	31	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	0	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	SC	StatesWhereCopyOfReturnIsFldCd
Own Website	Yes (X)	OwnWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DAWN DURHAM	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8642942000	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3300 POINSETT HIGHWAY	AddressLine1Txt
City	GREENVILLE	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29613	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (50 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
A ALEXANDER TAYLOR
TRUSTEE	2.00	0.00	Yes (X)	$0	$0	$0
ANTHONY W MCDADE
TRUSTEE	2.00	0.00	Yes (X)	$0	$0	$0
BETH TAYLOR
TRUSTEE	2.00	0.00	Yes (X)	$0	$0	$0
C KEMMONS WILSON III
TRUSTEE	2.00	0.00	Yes (X)	$0	$0	$0
CHARLES AMBROSE
TRUSTEE	2.00	0.00	Yes (X)	$0	$0	$0
CHRISTI NEWSOM BYRON
TRUSTEE	2.00	0.00	Yes (X)	$0	$0	$0
CHRISTINA HENDERSON
TRUSTEE	2.00	0.00	Yes (X)	$0	$0	$0
CYNTHIA DAVIS
VICE CHAIR	2.00	0.00	Yes (X)	$0	$0	$0	Yes (X)
DAVID LAXER
TRUSTEE	2.00	0.00	Yes (X)	$0	$0	$0
DAVID MAY
TRUSTEE	2.00	0.00	Yes (X)	$0	$0	$0
DENTON MCLANE
TRUSTEE	2.00	0.00	Yes (X)	$0	$0	$0
FRANCES ELLISON
TRUSTEE	2.00	0.00	Yes (X)	$0	$0	$0
JAMES A LANIER JR
TRUSTEE	2.00	0.00	Yes (X)	$0	$0	$0
JASON RICHARDS
SECRETARY	2.00	0.00	Yes (X)	$0	$0	$0	Yes (X)
JOHANNA FRIERSON
TRUSTEE	2.00	0.00	Yes (X)	$0	$0	$0
KEVIN R BRYANT
TRUSTEE	2.00	0.00	Yes (X)	$0	$0	$0
KEVIN T BYRNE
CHAIR	2.00	0.00	Yes (X)	$0	$0	$0	Yes (X)
KRISTIN BAUCOM DAVIES
TRUSTEE	2.00	0.00	Yes (X)	$0	$0	$0
LEE C DILLWORTH
TRUSTEE	2.00	0.00	Yes (X)	$0	$0	$0
LISA RUST
TRUSTEE	2.00	0.00	Yes (X)	$0	$0	$0
MARK KAISER
TRUSTEE	2.00	0.00	Yes (X)	$0	$0	$0
MATTHEW W WILSON
TRUSTEE	2.00	0.00	Yes (X)	$0	$0	$0
PAUL ROBERTSON
TRUSTEE	2.00	0.00	Yes (X)	$0	$0	$0
RACHELLE H THOMPSON
TRUSTEE	2.00	0.00	Yes (X)	$0	$0	$0
RAYMOND KING
TRUSTEE	2.00	0.00	Yes (X)	$0	$0	$0
RICHARD WRENN
TRUSTEE	2.00	1.00	Yes (X)	$0	$0	$0
STEVE SPINKS
TRUSTEE	2.00	0.00	Yes (X)	$0	$0	$0
SUSAN THOMSON SHI
TRUSTEE	2.00	0.00	Yes (X)	$0	$0	$0
THOMAS CULLEN
TRUSTEE	2.00	0.00	Yes (X)	$0	$0	$0
TRACI MILLER
TRUSTEE	2.00	0.00	Yes (X)	$0	$0	$0
YENDELELA NEELY HOLSTON
TRUSTEE	2.00	0.00	Yes (X)	$0	$0	$0
BETH PONTARI
VP FOR ACAD AFFAIRS & PROVOST	40.00	0.00		$303,493	$0	$60,212	Yes (X)
CONNIE L CARSON
VP FOR STUDENT LIFE	40.00	0.00		$298,635	$0	$43,157	Yes (X)
DR ELIZABETH DAVIS
PRESIDENT	40.00	0.00		$633,775	$0	$69,198	Yes (X)
EMILY SCHUCK
VP OF ENROLLMENT MANAGEMENT	40.00	0.00		$212,966	$0	$57,763	Yes (X)
HEIDI MCCRORY
VP FOR DEV (THRU 10/24)	40.00	0.00		$242,138	$0	$45,778	Yes (X)
JASON DONNELLY
VP FOR INTERCOLLEGIATE ATHLETICS	40.00	0.00		$315,039	$0	$69,193	Yes (X)
SHON HERRICK
VP FOR DEV (FROM 11/24)	40.00	0.00		$168,097	$0	$52,703	Yes (X)
SUSAN MADDUX
VP FOR FIN & ADMIN	40.00	2.00		$415,651	$0	$47,764	Yes (X)
THOMAS EVELYN II
VP FOR UNI COMM (THRU 3/25)	40.00	0.00		$303,631	$0	$54,757	Yes (X)
ELIZABETH SEMAN
CHIEF OF STAFF	40.00	0.00		$187,837	$0	$21,027		Yes (X)
JEFF REDDERSON
AVP FOR FACILITIES SERVICES	40.00	0.00		$180,799	$0	$42,636		Yes (X)
JEREMY CASS
DEAN OF FACULTY	40.00	0.00		$208,329	$0	$23,505		Yes (X)
MEREDITH E GREEN
GENERAL COUNSEL	40.00	0.00		$195,429	$0	$48,173		Yes (X)
ROBERT KENNEY
CHIEF INVESTMENT OFFICER	40.00	0.00		$317,843	$0	$68,501		Yes (X)
AUSTIN JOHNK
DIRECTOR OF INVESTMENTS	40.00	0.00		$210,276	$0	$47,354			Yes (X)
CLAYTON HENDRIX
HEAD FOOTBALL COACH	40.00	0.00		$387,885	$0	$68,683			Yes (X)
DANNY TANG
CHIEF INFO OFFICER (THRU 1/25)	40.00	0.00		$222,257	$0	$51,825			Yes (X)
GEORGE SHIELDS
PROFESSOR OF CHEMISTRY	40.00	0.00		$209,920	$0	$51,396			Yes (X)
ROBERT RICHEY
MEN'S HEAD BASKETBALL COACH	40.00	0.00		$760,270	$0	$67,410			Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$5,774,270	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$991,035	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	146	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
THE HARPER CORPORATION
35 WEST COURT STREET STE 400	GREENVILLE	SC	29601	CONSTRUCTION	$47,351,252
TRIANGLE CONSTRUCTION CO
2624 LAURENS RD	GREENVILE	SC	29607	CONSTRUCTION	$17,628,571
COMPASS GROUP USA INC
2400 YORKMONT ROAD	CHARLOTTE	NC	28217	DINING SERVICES	$11,539,737
BAIN & COMPANY INC
131 DARTMOUTH STREET	BOSTON	MA	02116	PROFESSIONAL CONSULTANCY	$3,000,000
ESSENTIAL LIGHTING SOLUTIONS INC
8-A BROZZINI CT	GREENVILLE	SC	29615	LIGHTING SYSTEM/MAINTENANCE	$2,329,838

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	60	CntrctRcvdGreaterThan100KCnt
Fundraising	$34,775	FundraisingAmt
Related Organizations	$338,610	RelatedOrganizationsAmt
Government Grants	$4,148,316	GovernmentGrantsAmt
All Other Contributions	$33,581,055	AllOtherContributionsAmt
Noncash Contributions	$5,519,076	NoncashContributionsAmt
Total Contributions	$38,102,756	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION AND FEES	611710	$147,827,221	$147,827,221
ROOM AND BOARD	611710	$34,920,399	$34,920,399
INTERCOLLEGIATE ATHLETICS	611710	$4,299,344	$4,299,344
OTHER AUXILIARY	611710	$3,674,373	$3,674,373
OTHER PRGRAM SERVICE	611710	$3,283,585	$3,283,585

Field	Value	IRS element (for citing)
Total Program Service Revenue	$194,004,922	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$16,838,897	TotalRevenueColumnAmt
Unrelated Business Revenue	-$905,134	UnrelatedBusinessRevenueAmt
Exclusion	$17,744,031	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$1,706,252	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$1,537,973	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$168,279	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$168,279	TotalRevenueColumnAmt
Related Or Exempt Func Income	$395,946	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$27,335	UnrelatedBusinessRevenueAmt
Exclusion	-$255,002	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$363,533,464	SecuritiesAmt
Other	$81,331	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$316,033,116	SecuritiesAmt
Other	$7,835	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$47,500,348	SecuritiesAmt
Other	$73,496	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$47,573,844	TotalRevenueColumnAmt
Unrelated Business Revenue	$375,443	UnrelatedBusinessRevenueAmt
Exclusion	$47,198,401	ExclusionAmt

Field	Value	IRS element (for citing)
Fundraising Gross Income	$101,160	FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event	$34,775	ContriRptFundraisingEventAmt
Fundraising Direct Expenses	$51,830	FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$49,330	TotalRevenueColumnAmt
Exclusion	$49,330	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	EMPLOYEE LEASE REVENUE	Desc
Business	541900	BusinessCd
Total Revenue Column	$112,843	TotalRevenueColumnAmt
Exclusion	$112,843	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$112,843	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$296,850,871	TotalRevenueColumnAmt
Related Or Exempt Func Income	$194,400,868	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	-$502,356	UnrelatedBusinessRevenueAmt
Exclusion	$64,849,603	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$348,854	TotalAmt
Program Services	$348,854	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$92,624,892	TotalAmt
Program Services	$92,624,892	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$3,804,294	TotalAmt
Program Services	$1,387,000	ProgramServicesAmt
Management And General	$2,111,188	ManagementAndGeneralAmt
Fundraising	$306,106	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$64,934,674	TotalAmt
Program Services	$55,737,805	ProgramServicesAmt
Management And General	$6,582,164	ManagementAndGeneralAmt
Fundraising	$2,614,705	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$5,670,965	TotalAmt
Program Services	$4,712,796	ProgramServicesAmt
Management And General	$717,202	ManagementAndGeneralAmt
Fundraising	$240,967	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$13,602,887	TotalAmt
Program Services	$10,148,566	ProgramServicesAmt
Management And General	$3,008,046	ManagementAndGeneralAmt
Fundraising	$446,275	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$5,258,531	TotalAmt
Program Services	$4,370,048	ProgramServicesAmt
Management And General	$665,041	ManagementAndGeneralAmt
Fundraising	$223,442	FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$123,777	TotalAmt
Management And General	$123,777	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$452,831	TotalAmt
Management And General	$452,831	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$154,650	TotalAmt
Management And General	$154,650	ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$2,332,323	TotalAmt
Management And General	$2,332,323	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$6,891,629	TotalAmt
Program Services	$5,341,682	ProgramServicesAmt
Management And General	$1,428,693	ManagementAndGeneralAmt
Fundraising	$121,254	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$1,223,006	TotalAmt
Program Services	$571,833	ProgramServicesAmt
Management And General	$334,463	ManagementAndGeneralAmt
Fundraising	$316,710	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,862,698	TotalAmt
Program Services	$2,526,063	ProgramServicesAmt
Management And General	$232,068	ManagementAndGeneralAmt
Fundraising	$104,567	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$5,830,464	TotalAmt
Program Services	$4,312,678	ProgramServicesAmt
Management And General	$1,192,253	ManagementAndGeneralAmt
Fundraising	$325,533	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$1,608,141	TotalAmt
Program Services	$34,271	ProgramServicesAmt
Management And General	$1,573,870	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$10,594,782	TotalAmt
Program Services	$10,233,142	ProgramServicesAmt
Management And General	$201,931	ManagementAndGeneralAmt
Fundraising	$159,709	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$2,926,692	TotalAmt
Program Services	$2,279,245	ProgramServicesAmt
Management And General	$436,715	ManagementAndGeneralAmt
Fundraising	$210,732	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$7,326,775	TotalAmt
Program Services	$8,489,405	ProgramServicesAmt
Management And General	-$1,162,630	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$17,060,854	TotalAmt
Program Services	$15,881,906	ProgramServicesAmt
Management And General	$1,178,948	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
OTHER EXPENSES	$21,322,885	$18,180,580	$2,974,556	$167,749
MEAL PLAN EXPENSES	$9,807,316	$9,807,316
LIBRARY RESOURCES	$1,826,069	$1,826,069
UNIFORMS	$998,455	$998,455

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$465,683	TotalAmt
Program Services	$421,063	ProgramServicesAmt
Management And General	$44,620	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$280,054,127	TotalAmt
Program Services	$250,233,669	ProgramServicesAmt
Management And General	$24,582,709	ManagementAndGeneralAmt
Fundraising	$5,237,749	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$11,018,088	BOYAmt
EOY	$11,659,188	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$622,895	BOYAmt
EOY	$640,677	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$39,651,582	BOYAmt
EOY	$34,445,433	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$4,917,912	BOYAmt
EOY	$4,523,384	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$296,850	BOYAmt
EOY	$305,427	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$1,824,709	BOYAmt
EOY	$3,354,979	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$636,398,515	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$253,075,594	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$312,056,671	BOYAmt
EOY	$383,322,921	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$146,484,487	BOYAmt
EOY	$120,399,214	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$609,913,464	BOYAmt
EOY	$673,154,727	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
EOY	$6,148,035	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$272,881,222	BOYAmt
EOY	$211,593,140	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,399,667,880	BOYAmt
EOY	$1,449,547,125	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$14,278,920	BOYAmt
EOY	$17,728,885	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$6,538,775	BOYAmt
EOY	$7,373,408	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$245,872,855	BOYAmt
EOY	$242,008,875	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$32,906	BOYAmt
EOY	$32,238	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$2,596,426	BOYAmt
EOY	$2,564,156	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$269,319,882	BOYAmt
EOY	$269,707,562	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$366,512,182	BOYAmt
EOY	$379,016,711	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$763,835,816	BOYAmt
EOY	$800,822,852	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,130,347,998	BOYAmt
EOY	$1,179,839,563	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,399,667,880	BOYAmt
EOY	$1,449,547,125	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$16,796,744	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$32,733,331	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$38,510	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	Yes (1)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (1)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$83,565,475	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$45,654,957	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$28,517,280	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$43,795,238	CurrentTaxYearMinus1YearAmt
Current Tax Year	$37,425,536	CurrentTaxYearAmt
Total	$238,958,486	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$83,565,475	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$45,654,957	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$28,517,280	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$43,795,238	CurrentTaxYearMinus1YearAmt
Current Tax Year	$37,425,536	CurrentTaxYearAmt
Total	$238,958,486	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$80,242,166	SubstantialContributorsTotAmt
Public Support Total170	$158,716,320	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$24,156,439	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$6,008,540	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$18,537,555	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$14,570,669	CurrentTaxYearMinus1YearAmt
Current Tax Year	$17,678,431	CurrentTaxYearAmt
Total	$80,951,634	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	$51,117	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,145,948	CurrentTaxYearMinus1YearAmt
Current Tax Year	$76,525	CurrentTaxYearAmt
Total	$1,273,590	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus1 Year	$117,415	CurrentTaxYearMinus1YearAmt
Current Tax Year	$112,843	CurrentTaxYearAmt
Total	$230,258	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$321,413,968	TotalSupportAmt
Gross Receipts Rltd Activities	$695,207,456	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.49380	PublicSupportCY170Pct
Public Support PY170	0.52320	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:	FormAndLineReferenceDesc
Explanation	EMPLOYEE LEASE - 2023 AMOUNT: $ 117,415. 2024 AMOUNT: $ 112,843.	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Donor Advised Funds Held	6	DonorAdvisedFundsHeldCnt
Donor Advised Funds Contri	$241,475	DonorAdvisedFundsContriAmt
Donor Advised Funds Grants	$401,350	DonorAdvisedFundsGrantsAmt
Donor Advised Funds Vl EOY	$2,854,642	DonorAdvisedFundsVlEOYAmt
Disclosed Org Leg Ctrl	Yes (1)	DisclosedOrgLegCtrlInd
Disclosed For Charitable Prps	Yes (1)	DisclosedForCharitablePrpsInd

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

Field	Value	IRS element (for citing)
Assets Included	$3,749,468	AssetsIncludedAmt

Field	Value	IRS element (for citing)
Collection Used Pub Exhibition	Yes (X)	CollectionUsedPubExhibitionInd
Collection Used Preservation	Yes (X)	CollectionUsedPreservationInd
Solicited Assets Sale	0	SolicitedAssetsSaleInd
Agent Trustee Etc	0	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	Yes (1)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$827,738,616	BeginningYearBalanceAmt
Contributions	$12,887,068	ContributionsAmt
Investment Earnings Or Losses	$84,169,949	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$17,356,546	GrantsOrScholarshipsAmt
Other Expenditures	$19,572,276	OtherExpendituresAmt
Administrative Expenses	$2,332,323	AdministrativeExpensesAmt
End Year Balance	$885,534,488	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$787,489,549	BeginningYearBalanceAmt
Contributions	$10,537,688	ContributionsAmt
Investment Earnings Or Losses	$68,490,492	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$17,144,041	GrantsOrScholarshipsAmt
Other Expenditures	$19,332,643	OtherExpendituresAmt
Administrative Expenses	$2,302,429	AdministrativeExpensesAmt
End Year Balance	$827,738,616	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$812,285,408	BeginningYearBalanceAmt
Contributions	$12,814,106	ContributionsAmt
Investment Earnings Or Losses	$2,074,962	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$17,535,644	GrantsOrScholarshipsAmt
Other Expenditures	$19,774,237	OtherExpendituresAmt
Administrative Expenses	$2,375,046	AdministrativeExpensesAmt
End Year Balance	$787,489,549	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$838,971,213	BeginningYearBalanceAmt
Contributions	$10,589,857	ContributionsAmt
Investment Earnings Or Losses	-$2,461,455	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$15,279,845	GrantsOrScholarshipsAmt
Other Expenditures	$17,230,464	OtherExpendituresAmt
Administrative Expenses	$2,303,898	AdministrativeExpensesAmt
End Year Balance	$812,285,408	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$670,014,075	BeginningYearBalanceAmt
Contributions	$6,299,124	ContributionsAmt
Investment Earnings Or Losses	$197,145,647	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$13,733,787	GrantsOrScholarshipsAmt
Other Expenditures	$17,925,394	OtherExpendituresAmt
Administrative Expenses	$2,828,452	AdministrativeExpensesAmt
End Year Balance	$838,971,213	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.15604	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.63810	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.20586	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	Yes (1)	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	Yes (1)	EndowmentsHeldRelatedOrgInd
Related Org List Sch R	Yes (1)	RelatedOrgListSchRInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$37,515,534	OtherCostOrOtherBasisAmt
Book Value	$37,515,534	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$504,177,787	OtherCostOrOtherBasisAmt
Depreciation	$175,534,108	DepreciationAmt
Book Value	$328,643,679	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$79,941,510	OtherCostOrOtherBasisAmt
Depreciation	$70,020,851	DepreciationAmt
Book Value	$9,920,659	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$14,763,684	OtherCostOrOtherBasisAmt
Depreciation	$7,520,635	DepreciationAmt
Book Value	$7,243,049	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$383,322,921	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (8 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
PRIVATE CAPITAL	$3,600,000	C
REAL ESTATE	$902,658	C
EQUITY SECURITIES	$288,426,095	F
FIXED INCOME	$9,856,928	F
HEDGED STRATEGIES	$126,640,950	F
PRIVATE CAPITAL	$173,622,027	F
PRIVATE CREDIT	$8,528,201	F
REAL ESTATE FUNDS	$61,577,868	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$673,154,727	TotalBookValueSecuritiesAmt

Other Assets Org OtherAssetsOrgGrp (5 entries)

DescDesc	Book ValueBookValueAmt
CSV LIFE INSURANCE	$2,248,866
RIGHT OF USE ASSET	$80,731
EQUITY INTEREST IN HOLLINGSWORTH	$182,166,144
FUNDS HELD IN TRUST FOR BOND ISSUED	$20,973,030
FUNDS HELD IN TRUST BY OTHERS	$6,124,369

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$211,593,140	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDesc	AmtAmt
ASSET RETIREMENT OBLIGATION	$1,447,054
LEASE OBLIGATIONS	$84,408
SPLIT INTEREST AGREEMENTS	$1,032,694

Field	Value	IRS element (for citing)
Total Liability	$2,564,156	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$239,784,194	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$32,733,331	NetUnrealizedGainsInvstAmt
Other Revenue	-$89,057,488	OtherRevenueAmt
Revenue Not Reported	-$56,324,157	RevenueNotReportedAmt
Revenue Subtotal	$296,108,351	RevenueSubtotalAmt
Investment Expenses Not Incld	$2,332,323	InvestmentExpensesNotIncldAmt
Other Revenues Not Included	-$1,589,803	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$742,520	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$296,850,871	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$188,591,413	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$1,589,803	OtherExpensesIncludedAmt
Expenses Not Reported	$1,589,803	ExpensesNotReportedAmt
Expenses Subtotal	$187,001,610	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$2,332,323	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	$90,720,194	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$93,052,517	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$280,054,127	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART III, LINE 4:	THE UNIVERSITY HAS A COLLECTION OF DECORATIVE AND FINE ARTS MATERIALS THAT IS BOTH EXTENSIVE AND DIVERSE. COMPRISED OF OVER 2,500 ITEMS, MANY PIECES ARE DISPLAYED THROUGHOUT CAMPUS, WHILE OTHERS ARE PRESERVED. THE OBJECTS HAVE BEEN GENEROUSLY DONATED TO FURMAN. THEY CONNECT THE UNIVERSITY TO THE WIDER WORLD AND ARE GATEWAYS TO STUDYING MANY DIFFERENT TIME PERIODS, CULTURES AND DISCIPLINES. THE COLLECTION'S MAIN PURPOSES ARE PRESERVATION OF THE OBJECTS FOR FUTURE GENERATIONS, EDUCATIONAL OPPORTUNITIES AND EXHIBITS.
PART IV, LINE 2B:	AGENCY FUNDS ARE HELD TO PROVIDE BANKING ABILITY FOR SMALL STUDENT CLUBS. THE UNIVERSITY ALSO PROVIDES BANKING FOR PROFESSIONAL ORGANIZATIONS THAT ARE INDIRECTLY RELATED TO THE UNIVERSITY. EXAMPLE: SACUBO
PART V, LINE 4:	THE UNIVERSITY'S ENDOWMENT CONSISTS OF MORE THAN 1,000 SEPARATE FUNDS ESTABLISHED OVER MANY YEARS FOR SCHOLARSHIPS, PROFESSORSHIPS, LECTURESHIPS, ACADEMIC PROGRAMS AND AWARDS, BUILDING MAINTENANCE, AND GENERAL INSTITUTIONAL SUPPORT. THE OVERALL FINANCIAL OBJECTIVE OF THE ENDOWMENT IS TO PRESERVE AND ENHANCE THE REAL (INFLATION-ADJUSTED) PURCHASING POWER OF THE FUND IN PERPETUITY. THE BOARD OF TRUSTEES DESIGNATES ONLY A PORTION OF THE UNIVERSITY'S CUMULATIVE INVESTMENT RETURN FOR SUPPORT OF CURRENT OPERATIONS; THE REMAINDER IS RETAINED TO SUPPORT OPERATIONS OF FUTURE YEARS AND TO OFFSET POTENTIAL MARKET DECLINES. THE UNIVERSITY EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO MAINTAIN ITS PURCHASING POWER BY GROWING AT A RATE EQUAL TO OR GREATER THAN PLANNED PAYOUTS. ADDITIONAL REAL GROWTH WILL BE PROVIDED THROUGH NEW GIFTS AND ANY EXCESS INVESTMENT RETURNS. 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 UNIVERSITY IS EXEMPT FROM FEDERAL AND STATE INCOME TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). HOWEVER, CERTAIN INCOME UNRELATED TO ITS EXEMPT FUNCTION IS SUBJECT TO INCOME TAXATION. THE UNIVERSITYS POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE UNIVERSITY, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2025 AND 2024, AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	FOUNDATION NET INCOME INCLUDED IN CONSOLIDATED REVENUE 1,082,315. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 369,353. CHANGE IN CSV LIFE INSURANCE 128,963. OTHER 140,394. FINANCIAL AID NET WITH REVENUE -90,720,194. FOUNDATION UNREALIZED LOSS -58,319.
PART XI, LINE 4B - OTHER ADJUSTMENTS:	FUNDRAISING EXPENSES -51,830. RENTAL EXPENSES -1,537,973.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	RENTAL EXPENSES 1,537,973. FUNDRAISING EXPENSES 51,830.
PART XII, LINE 4B - OTHER ADJUSTMENTS:	FINANCIAL AID NET WITH REVENUE 90,720,194.

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (1)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (1)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (1)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (1)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (1)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (1)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (1)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	0	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	0	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	0	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	0	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	0	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	0	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	0	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	0	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	Yes (1)	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	0	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (1)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

SCHEDULE E, PART I, LINE 3

THE UNIVERSITY'S NONDISCRIMINATION POLICY STATEMENT IS ACCESSIBLE ON ALL PAGES OF THE UNIVERSITY'S WEBSITE FOR PROSPECTIVE STUDENTS, EMPLOYMENT APPLICANTS AND THE GENERAL PUBLIC. ADDITIONALLY, THE NONDISCRIMINATION POLICY STATEMENT IS INCLUDED IN ALL BROCHURES, CATALOGS, NEWSPAPER ADVERTISEMENTS AND OTHER WRITTEN COMMUNICATION WITH THE PUBLIC RELATED TO STUDENT ADMISSIONS, PROGRAM AND SCHOLARSHIPS, AS WELL AS EMPLOYMENT.

SCHEDULE E, PART I, LINE 6

THE UNIVERSITY PARTICIPATES IN THE FEDERAL PELL GRANT PROGRAM, THE FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS PROGRAM, AND THE FEDERAL COLLEGE WORK STUDY PROGRAM. ADDITIONALLY, THE UNIVERSITY HAS RECEIVED A NUMBER OF GRANTS FROM THE NATIONAL SCIENCE FOUNDATION, THE UNITED STATES DEPARTMENT OF HEALTH AND HUMAN SCIENCES, AND THE DEPARTMENT OF DEFENSE.

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	0	GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (17 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Region Total ExpendituresRegionTotalExpendituresAmt	Specific Services ProvidedSpecificServicesProvidedTxt
CENTRAL AMERICA AND THE CARIBBEAN	INVESTMENTS	$207,412,900
EAST ASIA AND THE PACIFIC	INVESTMENTS	$4,778,949
EUROPE (INCLUDING ICELAND & GREENLAND)	INVESTMENTS	$73,897,703
EAST ASIA AND THE PACIFIC	PROGRAM SERVICES	$616,931	STUDY AWAY PROGRAMS
EUROPE (INCLUDING ICELAND & GREENLAND)	PROGRAM SERVICES	$3,516,251	STUDY AWAY PROGRAMS
MIDDLE EAST AND NORTH AFRICA	PROGRAM SERVICES	$562	STUDY AWAY PROGRAMS
CENTRAL AMERICA AND THE CARIBBEAN	PROGRAM SERVICES	$84,294	STUDY AWAY PROGRAMS
SOUTH AMERICA	PROGRAM SERVICES	$246,367	STUDY AWAY PROGRAMS
CENTRAL AMERICA AND THE CARIBBEAN	PROGRAM SERVICES	$956	INTERNATIONAL RECRUITING
EAST ASIA AND THE PACIFIC	PROGRAM SERVICES	$21,980	INTERNATIONAL RECRUITING
EUROPE (INCLUDING ICELAND & GREENLAND)	PROGRAM SERVICES	$10,990	INTERNATIONAL RECRUITING
NORTH AMERICA	PROGRAM SERVICES	$5,256	INTERNATIONAL RECRUITING
SOUTH AMERICA	PROGRAM SERVICES	$8,601	INTERNATIONAL RECRUITING
EUROPE (INCLUDING ICELAND & GREENLAND)	PROGRAM SERVICES	$863,817	INTERNATIONAL WIRES
EAST ASIA AND THE PACIFIC	PROGRAM SERVICES	$40,038	INTERNATIONAL WIRES
CENTRAL AMERICA AND THE CARIBBEAN	PROGRAM SERVICES	$64,360	INTERNALTIONAL WIRES
SOUTH AMERICA	PROGRAM SERVICES	$2,055	INTERNALTIONAL WIRES

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	0	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	0	ContinuationTotalEmployeeCnt
Total Office	0	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Subtotal Spent	$290,553,957	SubtotalSpentAmt
Continuation Spent	$1,018,053	ContinuationSpentAmt
Total Spent	$291,572,010	TotalSpentAmt
Transfer To Foreign Corp	Yes (1)	TransferToForeignCorpInd
Interest In Foreign Trust	0	InterestInForeignTrustInd
Foreign Corp Ownership	0	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	0	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (1)	ForeignPartnershipInd
Boycott Countries	0	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 2:	FURMAN UNIVERSITY IS NOT A GRANTMAKER AS REFERENCED IN LINE 1. FURMAN UNIVERSITY PROVIDES FUNDING TO FACULTY AND STUDENTS FOR RESEARCH AND OTHER PROJECTS. EXPENSES MUST BE SUBSTANTIATED UNDER THE ACCOUNTABLE PLAN TO ENSURE PROPER USE OF FUNDS.
PART I, LINE 3:	EXPENDITURES ARE REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. THE VALUE OF INVESTMENTS IS BASED ON THE FMV AT THE END OF THE FISCAL YEAR.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

Field	Value	IRS element (for citing)
Event1	VINCE PERONE CLASSIC	Event1Nm
Gross Receipts Event1	$84,217	GrossReceiptsEvent1Amt
Charitable Contri Event1	$33,375	CharitableContriEvent1Amt
Gross Revenue Event1	$50,842	GrossRevenueEvent1Amt
Non Cash Prizes Event1	$2,527	NonCashPrizesEvent1Amt
Rent Facility Costs Event1	$4,830	RentFacilityCostsEvent1Amt
Entertainment Event1	$3,964	EntertainmentEvent1Amt
Other Direct Expenses Event1	$8,124	OtherDirectExpensesEvent1Amt
Event2	PLADIN CLASSIC	Event2Nm
Gross Receipts Event2	$50,318	GrossReceiptsEvent2Amt
Charitable Contri Event2	$1,400	CharitableContriEvent2Amt
Gross Revenue Event2	$48,918	GrossRevenueEvent2Amt
Non Cash Prizes Event2	$343	NonCashPrizesEvent2Amt
Rent Facility Costs Event2	$6,864	RentFacilityCostsEvent2Amt
Entertainment Event2	$25,178	EntertainmentEvent2Amt
Gross Receipts Total	$134,535	GrossReceiptsTotalAmt
Charitable Contributions Tot	$34,775	CharitableContributionsTotAmt
Gross Revenue Total Events	$99,760	GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events	$2,870	NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events	$11,694	RentFcltyCostsTotalEventsAmt
Entertainment Total Events	$29,142	EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events	$8,124	OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events	$51,830	DirectExpenseSummaryEventsAmt
Net Income Summary	$47,930	NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (12 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Valuation Method UsedValuationMethodUsedDesc	Non Cash AssistanceNonCashAssistanceDesc	Purpose Of GrantPurposeOfGrantTxt	Address Line2USAddress/AddressLine2Txt
UPSTATE SC ALLIANCE INC
3 RESEARCH DRIVE SUITE 230	GREENVILLE	SC	29607	571095229	501(C)(6)	$11,000	$0	0	N/A	SPONSORSHIP
FALL FOR GREENVILLE
206 S MAIN STREET	GREENVILLE	SC	29601	570876594	501(C)(3)	$7,500	$0	0	N/A	SPONSORSHIP
GREENVILLE ARTS FESTIVAL
101B AUGUST STREET	GREENVILLE	SC	29601	582676608	501(C)(3)	$10,000	$0	0	N/A	SPONSORSHIP
OUR UPSTATE SC
150 EXECUTIVE CENTER DRIVE SUITE	GREENVILLE	SC	29615	451842000	501(C)(3)	$10,000	$0	0	N/A	SPONSORSHIP	202
EMPIRE MOCK TRIAL ASSOCIATION INC
655 15TH STREET NW SUITE 800	WASHINGTON	DC	20005	260150254	501(C)(3)	$15,000	$0	0	N/A	SPONSORSHIP
THE GREENVILLE DRIVE LLC
945 S MAIN STREET	GREENVILLE	SC	29601	043672609		$60,000	$0	0	N/A	SPONSORSHIP
GREENVILLE ARENA DISTRICT
650 NORTH ACADEMY STREET	GREENVILLE	SC	29601	576007739	CITY OF GREENVILLE	$78,000	$0	0	N/A	SPONSORSHIP
UPCOUNTRY HISTORY MUSEUM
340 BUNCOMBE STREET	GREENVILLE	SC	29601	570833796	501(C)(3)	$50,000	$0	0	N/A	OPERATING SUPPORT
GREATER GREENVILLE CHAMBER OF COMMERCE
24 CLEVELAND ST	GREENVILLE	SC	29601	570173240	501(C)(6)	$35,350	$0	0	N/A	SPONSORSHIP
PRISMA HEALTH - UPSTATE
PO BOX 748580	ATLANTA	GA	30374	811723202	501(C)(3)	$13,397	$0	0	N/A	SPONSORSHIP
CITY OF GREENVILLE SC
PO BOX 2207	GREENVILLE	SC	29602	576000236	CITY OF GREENVILLE	$10,000	$0	0	N/A	SPONSORSHIP
UNITED MINISTRIES INC
606 PENDLETON ST	GREENVILLE	SC	29601	570511977	501(C)(3)	$6,650	$0	0	N/A	SPONSORSHIP

Field	Value	IRS element (for citing)
Total501c3 Org	10	Total501c3OrgCnt
Total Other Org	3	TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (5 entries)

Grant TypeGrantTypeTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Valuation Method UsedValuationMethodUsedDesc	Non Cash AssistanceNonCashAssistanceDesc
ATHLETIC SCHOLARSHIPS	282	$13,520,282	N/A	N/A
UNDERGRADUATE SCHOLARSHIPS	2109	$76,483,260	N/A	N/A
GRADUATE SCHOLARSHIPS	37	$716,652	N/A	N/A
RESEARCH, INTERNSHIPS, & FELLOWSHIP STIPENDS	582	$1,879,698	N/A	N/A
GRADUATE STIPENDS	5	$25,000	N/A	N/A

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	FURMAN PROVIDES SCHOLARSHIPS AND FINANCIAL AID TO INDIVIDUALS IN THE UNITED STATES TO ATTEND THE UNIVERSITY. THE SCHOLARSHIPS AND AID FOR SUCH STUDENTS ARE AWARDED BASED ON NEED AND MERIT AND COVER THE COSTS OF TUITION, AND ROOM AND BOARD. THE SCHOLARSHIPS AND/OR FINANCIAL AID ARE AWARDED BASED ON INSTITUTIONAL POLICY AND STANDARDS SET FORTH BY THE DEPARTMENT OF EDUCATION AND THE STATE OF SOUTH CAROLINA. THE UNIVERSITY'S FINANCIAL AID DEPARTMENT MONITORS THE COMPLIANCE WITH SUCH REGULATIONS. THE SCHOLARSHIP AND/OR FINANCIAL AID IS APPLIED BY THE FINANCIAL AID DEPARTMENT DIRECTLY AGAINST THE STUDENT'S ACCOUNT WITH THE UNIVERSITY AS A REDUCTION IN FEES. AS SUCH, THE GRANT CAN ONLY BE USED FOR ITS INTENDED PURPOSE (I.E. COST OF ATTENDANCE) AND CANNOT BE DIVERTED FROM THIS USE. OTHER TYPES OF GRANTS PROVIDED CONSIST OF RESEARCH, INTERNSHIPS, OR FELLOWSHIP GRANTS TO STUDENTS. SUCH GRANTS ARE GIVEN AND MONITORED BY THE ACADEMIC DEPARTMENT GIVING THE GRANT OR THE UNDERGRADUATE RESEARCH AND INTERNSHIP DEPARTMENT. SPONSORSHIPS PAID TO ORGANIZATIONS ARE MADE UNDER WRITTEN AGREEMENTS BETWEEN THE PARTIES AND SUPPORT COMMUNITY EVENTS AND PROVIDE A PRESENCE FOR FURMAN IN THE AREA. COMMUNITY ENGAGEMENT IS A SIGNIFICANT ASPECT OF THE FURMAN ADVANTAGE. THESE SPONSORSHIPS WITH GREENVILLE BUSINESSES THEREFORE SERVE TO ADVANCE THE FURMAN ADVANTAGE FOR OUR STUDENTS AND THE COMMUNITY.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
First Class Or Charter Travel	Yes (X)	FirstClassOrCharterTravelInd
Travel For Companions	Yes (X)	TravelForCompanionsInd
Housing Allowance Or Residence	Yes (X)	HousingAllowanceOrResidenceInd
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Personal Services	Yes (X)	PersonalServicesInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (19 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
ROBERT RICHEY
MEN'S HEAD BASKETBALL COACH	$551,588	$0	$207,500	$0	$1,182	$0	$37,950	$0	$29,460	$0	$827,680	$0	$0	$0
DR ELIZABETH DAVIS
PRESIDENT	$609,599	$0	$0	$0	$24,176	$0	$37,950	$0	$31,248	$0	$702,973	$0	$0	$0
SUSAN MADDUX
VP FOR FIN & ADMIN	$386,705	$0	$0	$0	$28,946	$0	$37,950	$0	$9,814	$0	$463,415	$0	$0	$0
CLAYTON HENDRIX
HEAD FOOTBALL COACH	$305,403	$0	$75,000	$0	$7,482	$0	$34,337	$0	$34,346	$0	$456,568	$0	$0	$0
ROBERT KENNEY
CHIEF INVESTMENT OFFICER	$257,399	$0	$58,300	$0	$2,144	$0	$35,855	$0	$32,646	$0	$386,344	$0	$0	$0
JASON DONNELLY
VP FOR INTERCOLLEGIATE ATHLETICS	$277,773	$0	$28,500	$0	$8,766	$0	$31,900	$0	$37,293	$0	$384,232	$0	$0	$0
BETH PONTARI
VP FOR ACAD AFFAIRS & PROVOST	$299,917	$0	$0	$0	$3,576	$0	$33,939	$0	$26,273	$0	$363,705	$0	$0	$0
THOMAS EVELYN II
VP FOR UNI COMM (THRU 3/25)	$270,382	$0	$0	$0	$33,249	$0	$34,320	$0	$20,437	$0	$358,388	$0	$0	$0
CONNIE L CARSON
VP FOR STUDENT LIFE	$297,459	$0	$0	$0	$1,176	$0	$32,747	$0	$10,410	$0	$341,792	$0	$0	$0
HEIDI MCCRORY
VP FOR DEV (THRU 10/24)	$238,658	$0	$0	$0	$3,480	$0	$25,282	$0	$20,496	$0	$287,916	$0	$0	$0
DANNY TANG
CHIEF INFO OFFICER (THRU 1/25)	$212,898	$0	$0	$0	$9,359	$0	$25,616	$0	$26,209	$0	$274,082	$0	$0	$0
EMILY SCHUCK
VP OF ENROLLMENT MANAGEMENT	$211,864	$0	$0	$0	$1,102	$0	$24,750	$0	$33,013	$0	$270,729	$0	$0	$0
GEORGE SHIELDS
PROFESSOR OF CHEMISTRY	$188,346	$0	$12,502	$0	$9,072	$0	$22,929	$0	$28,467	$0	$261,316	$0	$0	$0
AUSTIN JOHNK
DIRECTOR OF INVESTMENTS	$171,611	$0	$35,613	$0	$3,052	$0	$11,211	$0	$36,143	$0	$257,630	$0	$0	$0
MEREDITH E GREEN
GENERAL COUNSEL	$182,424	$0	$0	$0	$13,005	$0	$14,864	$0	$33,309	$0	$243,602	$0	$0	$0
JEREMY CASS
DEAN OF FACULTY	$184,310	$0	$0	$0	$24,019	$0	$22,880	$0	$625	$0	$231,834	$0	$0	$0
JEFF REDDERSON
AVP FOR FACILITIES SERVICES	$153,700	$0	$0	$0	$27,099	$0	$20,865	$0	$21,771	$0	$223,435	$0	$0	$0
SHON HERRICK
VP FOR DEV (FROM 11/24)	$164,000	$0	$0	$0	$4,097	$0	$20,122	$0	$32,581	$0	$220,800	$0	$0	$0
ELIZABETH SEMAN
CHIEF OF STAFF	$186,536	$0	$0	$0	$1,301	$0	$20,592	$0	$435	$0	$208,864	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 1A	A COMPANION HAS TRAVELED WITH BOTH THE PRESIDENT, ELIZABETH DAVIS, AND THE MEN'S BASKETBALL COACH, BOB RICHEY. TO THE EXTENT THE TRAVEL WAS PERSONAL IN NATURE SUCH AMOUNTS WERE INCLUDED IN TAXABLE INCOME. THE PRESIDENT OF THE UNIVERSITY AND HER FAMILY RESIDE AT WHITE OAKS WHICH IS THE OFFICIAL RESIDENCE OF THE PRESIDENT. THE PRESIDENT IS REQUIRED TO LIVE AT WHITE OAKS AS A CONDITION OF HER EMPLOYMENT. THE RESIDENCE IS OWNED AND MAINTAINED BY THE UNIVERSITY. CLEANING, MAINTENANCE, AND, GROUNDSKEEPING SERVICES ARE PROVIDED BY THE UNIVERSITY FOR THE PUBLIC AREAS OF THE RESIDENCE ONLY. THE PRESIDENT HOSTS UNIVERSITY EVENTS AT WHITE OAKS AS WELL. THE FMV OF THIS BENEFIT WAS NOT INCLUDED IN TAXABLE WAGES. ELIZABETH DAVIS AND JASON DONNELLY WERE PROVIDED WITH A CLUB MEMBERSHIP. TO THE EXTENT THE DUES WERE CONSIDERED PERSONAL, THE AMOUNTS WERE INCLUDED IN TAXABLE INCOME OR REIMBURSED TO THE UNIVERSITY. OTHERWISE, THE DUES ALLOW THE PRESIDENT TO MEET WITH DONORS AND OTHER SUPPORTERS OF THE UNIVERSITY AT THE CLUB. FURMAN POLICY GOVERNS THE NATURE AND TYPE OF ALLOWABLE EXPENDITURES AND PAYMENTS, INCLUDING REQUIREMENTS TO PROVIDE SUPPORTING DOCUMENTATION DETAILING THE TRANSACTION AND BUSINESS PURPOSE OF ANY APPROVED EXPENDITURE.
PART I, LINE 4B	NAME: ROBERT KENNEY, DESCRIPTION: $6,413 WAS CONTRIBUTED TO EMPLOYEE'S 457(F) SUPPLEMENTAL RETIREMENT PLAN.
PART I, LINE 7:	THE BONUSES RECEIVED BY CERTAIN OFFICERS, KEY EMPLOYEES, OR HIGHLY COMPENSATED EMPLOYEES WERE PAYMENTS FOR MERIT AND NOT CONTINGENT ON THE REVENUE OR NET EARNINGS OF THE UNIVERSITY OR RELATED ORGANIZATION.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCd	Bond Issuer EINBondIssuerEIN	CUSIPCUSIPNum	Bond IssuedBondIssuedDt	Issue PriceIssuePriceAmt	PurposePurposeDesc	DefeasedDefeasedInd	On Behalf Of IssuerOnBehalfOfIssuerInd	Pool FinancingPoolFinancingInd
SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY
A	570960018	8373031UL	2015-08-13	$68,432,003	REFUNDING AND CAPITAL	0	0	0
SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY
B	570960018		2021-09-22	$35,830,000	REFUNDING OF 2006B AND 2010 BOND ISSUES	0	0	0
SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY
C	570960018	837031D42	2022-01-26	$76,277,862	CAPITAL	0	0	0
SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY
D	570960018	83704MED4	2024-05-08	$79,042,503	CAPITAL	0	0	0

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCd	RetiredRetiredAmt	Total ProceedsTotalProceedsAmt	Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt	Capital ExpendituresCapitalExpendituresAmt	Other Spent ProceedsOtherSpentProceedsAmt	Substantial CompletionSubstantialCompletionYr	Refunding Tax Exempt BondsRefundingTaxExemptBondsInd	Refunding Taxable BondsRefundingTaxableBondsInd	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd	Capitalized InterestCapitalizedInterestAmt	UnspentUnspentAmt
A	$6,015,000	$68,432,003	$659,117	$25,001,055	$42,771,831	2017	Yes (1)	0	Yes (1)	Yes (1)
B	$5,220,000	$35,830,000	$219,844		$35,610,156	2012	Yes (1)	Yes (1)	Yes (1)	Yes (1)
C		$76,297,393	$588,703	$75,689,159		2024	0	0	0	Yes (1)	$6,766,642
D		$79,042,503	$632,395	$57,437,368		2026	0	0	0	Yes (1)		$20,972,740

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCd	Owning Bond Financed PropertyOwningBondFinancedPropertyInd	Any Lease ArrangementsAnyLeaseArrangementsInd	Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd	Any Research AgreementsAnyResearchAgreementsInd	Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd	Change In Use Bond Financed PropChangeInUseBondFinancedPropInd	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A	0	0	0	0	0	0	Yes (1)
B	0	0	0	0	0	0	Yes (1)
C	0	0	0	0	0	0	Yes (1)
D	0	0	0	0	0	0	Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCd	Rebate Not Due YetRebateNotDueYetInd	No Rebate DueNoRebateDueInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A	0	Yes (1)	Yes (1)
B	Yes (1)	0	Yes (1)
C	0	Yes (1)	Yes (1)
D	Yes (1)	0	Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCd	Procedures Corrective ActionProceduresCorrectiveActionInd
A	Yes (1)
B	Yes (1)
C	Yes (1)
D	Yes (1)

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
DATE REBATE COMPUTATION PERFORMED	ISSUER NAME: SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 09/20/2018 ISSUER NAME: SC JOBS - ECONOMIC DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 11/26/2024
SCHEDULE K, PART II, LINE 3, COL C AND COL D:	THE AMOUNT SHOWN AS TOTAL PROCEEDS OF ISSUE IN PART II IS HIGHER THAN THE AMOUNT IN PART I DUE TO INVESTMENT EARNINGS ON UNSPENT FUNDS.

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	NA	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Relationship With Org	DEPENDENT OF TRUSTEE	RelationshipWithOrgTxt
Cash Grant	$60,000	CashGrantAmt
Type Of Assistance	DISCOUNTED TUITION	TypeOfAssistanceTxt
Assistance Purpose	EDUCATION	AssistancePurposeTxt

Schedule M IRS990ScheduleM

Cars And Other Vehicles CarsAndOtherVehiclesGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$18,511	NoncashContributionsRptF990Amt
Method Of Determining Revenues	COST	MethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	114	ContributionCnt
Noncash Contributions Rpt F990	$5,479,870	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Collectibles CollectiblesGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	2	ContributionCnt
Noncash Contributions Rpt F990	$801	NoncashContributionsRptF990Amt
Method Of Determining Revenues	APPRAISED VALUE	MethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (4 entries)

Non Cash CheckboxNonCashCheckboxInd	DescDesc	ContributionContributionCnt	Noncash Contributions Rpt F990NoncashContributionsRptF990Amt	Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)	DEVELOPMENT CAMPAIGN EVENTS	2	$14,350	COST
Yes (X)	POOL TABLE	1	$3,770	FMV
Yes (X)	COMPOUND TELESCOPE	1	$1,500	FMV
Yes (X)	OTHER-LIFEGUARD FOR OLLI ACQUATIC	1	$274	COST

Field	Value	IRS element (for citing)
Form8283 Received	0	Form8283ReceivedCnt
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (1)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	0	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, COLUMN (B):	FormAndLineReferenceDesc
Explanation	FURMAN UNIVERSITY IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED OF EACH TYPE IN ACCORDANCE WITH THE UNIVERSITY'S RECORDKEEPING PRACTICES.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 1A	THERE SHALL BE AN EXECUTIVE COMMITTEE, OF WHICH THE MEMBERS SHALL BE THE CHAIR OF THE BOARD, THE VICE CHAIR OF THE BOARD (WHO SHALL SERVE AS THE CHAIR OF THE EXECUTIVE COMMITTEE), THE RESPECTIVE CHAIRS OF THE OTHER STANDING COMMITTEES, UP TO THREE (3) "AT LARGE" TRUSTEES, AND THE PRESIDENT OF THE UNIVERSITY (WITH THE LATTER BEING AN EX OFFICIO, NON-VOTING MEMBER). THE SPECIFIC NUMBER OF "AT LARGE" TRUSTEES TO BE APPOINTED AS MEMBERS OF THE EXECUTIVE COMMITTEE FOR A PARTICULAR FISCAL YEAR SHALL BE DETERMINED ANNUALLY BY THE BOARD (ACTING WITH DUE CONSIDERATION OF ANY RECOMMENDATION THEREON FROM THE COMMITTEE ON TRUSTEESHIP) AT A MEETING HELD PRIOR TO THE BEGINNING OF SUCH FISCAL YEAR. DURING THE INTERIM BETWEEN MEETINGS OF THE BOARD, THE EXECUTIVE COMMITTEE SHALL HAVE THE AUTHORITY TO MAKE DECISIONS AND TAKE ACTIONS ON BEHALF OF THE BOARD, AND TO DO ALL ACTS AND PERFORM ALL DUTIES AND SERVICES NECESSARY TO THE OPERATION OF THE UNIVERSITY; PROVIDED THAT THE EXECUTIVE COMMITTEE (I) SHALL REPORT ALL SUCH ACTIONS TO THE BOARD, AT THE NEXT REGULAR OR SPECIAL MEETING OF THE BOARD, FOR THE BOARD'S REVIEW, CRITICISM AND ADVICE, AND WHEN AND IF NECESSARY OR PRUDENT, FOR THE BOARD'S RATIFICATION; (II) MAY NOT ELECT, APPOINT OR REMOVE TRUSTEES OR FILL VACANCIES ON THE BOARD OR ON ANY BOARD COMMITTEE (UNLESS THE LATTER IS PERMITTED PURSUANT TO SECTION 1(E)); (III) MAY NOT APPROVE OR DEFINITIVELY RECOMMEND THE DISSOLUTION OF THE UNIVERSITY OR THE SALE, PLEDGE OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE UNIVERSITY'S ASSETS; (IV) MAY NOT AUTHORIZE DISTRIBUTIONS; AND (V) MAY NOT ADOPT, AMEND OR REPEAL THE UNIVERSITY'S ARTICLES OF INCORPORATION OR THE BYLAWS.
FORM 990, PART VI, SECTION B, LINE 11B	THE UNIVERSITY'S AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE PREPARED FORM 990 PRIOR TO FILING WITH THE IRS. SPECIFIC ISSUES AND/OR QUESTIONS THAT AROSE DURING THE REVIEW PROCESS ARE ADDRESSED. THE PUBLIC DISCLOSURE COPY OF FORM 990 IS THEN PROVIDED TO THE REMAINING VOTING MEMBERS OF THE UNIVERSITY'S BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION B, LINE 12C	THE CONFLICT OF INTEREST POLICY FOR THE BOARD OF TRUSTEES IS INCLUDED IN SECTION 9 OF THE FURMAN UNIVERSITY BY-LAWS. EACH MEMBER OF THE BOARD OF TRUSTEES IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM AT THE FIRST MEETING OF EACH ACADEMIC YEAR. EACH TRUSTEE SHALL DISCLOSE TO THE BOARD CHAIR ANY ADDITIONAL POTENTIAL CONFLICTS OF INTEREST AT THE EARLIEST PRACTICAL TIME. ADDITIONALLY, THE UNIVERSITY HAS A CONFLICT OF INTEREST POLICY FOR EMPLOYEES WITH EXECUTIVE OR ADMINISTRATIVE RESPONSIBILITIES AS THE UNIVERSITY RECOGNIZES THAT SUCH EMPLOYEES HAVE A DUTY OF LOYALTY AND FIDELITY IN CARRYING OUT THEIR RESPONSIBILITIES. THIS POLICY APPLIES TO THOSE EMPLOYEES DESIGNATED BY THE PRESIDENT AS HAVING EXECUTIVE OR ADMINISTRATIVE RESPONSIBILITIES. EACH SUCH EMPLOYEE IS REQUIRED, AT LEAST ANNUALLY, TO COMPLETE THE QUESTIONNAIRE. THIS QUESTIONNAIRE REQUIRES DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST AND IS ADMINISTERED BY THE HUMAN RESOURCES DEPARTMENT. NO TRUSTEE SHALL VOTE ON ANY MATTER IN WHICH SUCH TRUSTEE HAS A CONFLICT OF INTEREST; AND THE CHAIR SHALL REPORT TO THE BOARD THAT THE TRUSTEE HAS REPORTED THE CONFLICT OF INTEREST PRIOR TO TAKING A VOTE.
FORM 990, PART VI, SECTION B, LINE 15A	THE COMPENSATION OF THE UNIVERSITY'S PRESIDENT IS DETERMINED AND APPROVED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE PRESIDENT'S EMPLOYMENT IS GUIDED BY A WRITTEN EMPLOYMENT CONTRACT SIGNED BY BOTH PARTIES. EXECUTIVE COMMITTEE MEETINGS ARE DOCUMENTED. FOR OTHER OFFICERS OF THE UNIVERSITY, A COMPENSATION COMPARABILITY STUDY IS DONE DURING THE SEARCH PROCESS. SUBSEQUENT YEARS' SALARY INCREASES ARE BASED ON THE UNIVERSITY'S STANDARD COMPENSATION ADJUSTMENT POOL FOR THE FISCAL YEAR AS APPROVED BY THE BOARD OF TRUSTEES DURING THE ANNUAL BUDGET PROCESS. THE DELIBERATION AND DECISION IS DOCUMENTED IN THE BOARD MINUTES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025.
FORM 990, PART VI, SECTION C, LINE 19	FURMAN UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. ADDITIONALLY, THE UNIVERSITY'S CONSOLIDATED FINANCIAL STATEMENTS CAN BE FOUND ON THE FURMAN WEBSITE.
FORM 990, PART XI, LINE 9:	CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 369,353. CHANGE IN CSV LIFE INSURANCE 128,963. OTHER 140,394. ELIMINATING ENTRIES -338,610. PRIOR PERIOD GRANT ADJUSTMENT -338,610.
FORM 990, PART XII, LINE 2C:	THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Exempt Code SectionExemptCodeSectionTxt	Public Charity StatusPublicCharityStatusTxt	Direct Controlling NADirectControllingNACd	Controlled OrganizationControlledOrganizationInd
FURMAN UNIVERSITY FOUNDATION
3300 POINSETT HIGHWAY	GREENVILLE	SC	29613	571061363	FOUNDATION	SC	501(C)(3)	LINE 12C, III-FI	N/A	0
HOLLINGSWORTH FUNDS INC
124 VERDAE BOULEVARD	GREENVILLE	SC	29607	571003814	CHARITABLE	SC	501(C)(3)	LINE 12A, I	N/A	0

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Entity TypeEntityTypeTxt	Controlled OrganizationControlledOrganizationInd
CHARITABLE REMAINDER UNITRUSTS (4)
SPLIT INTEREST	SC	T	0
CHARITABLE REMAINDER ANNUITY TRUST
SPLIT INTEREST	SC	T	0

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	Yes (1)	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	Yes (1)	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	Yes (1)	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	FURMAN UNIVERSITY FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Transaction Type	B	TransactionTypeTxt
Involved	$338,610	InvolvedAmt
Method Of Amount Determination	AMOUNT PAID	MethodOfAmountDeterminationTxt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE R, PART II	FormAndLineReferenceDesc
Explanation	HOLLINGSWORTH FUNDS, INC. IS A TAX-EXEMPT SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE WHOSE PURPOSE IS TO SUPPORT FURMAN UNIVERSITY AND OTHER GREENVILLE, SOUTH CAROLINA BASED CHARITIES. FOR THE YEAR ENDED JUNE 30, 2024, INCOME DISTRIBUTION FROM THE HOLLINGSWORTH FUNDS, WHICH ARE REPORTED AS INVESTMENT RETURNS, WAS $5,181,139 AND PROVIDED FUNDING FOR THE HOLLINSWORTH SCHOLARS PROGRAM, TWO ENDOWED PROFESSORSHIPS IN THE DEPARTMENTS OF ECONOMICS AND BUSINESS AND ACCOUNTING, AND SPECIFIC NEEDS OF THOSE TWO DEPARTMENTS. FURMAN UNIVERSITY FOUNDATION OPERATES AS A NON PROFIT PUBLIC BENEFIT CORPORATION TO SERVE THE NEEDS AND INTEREST OF FURMAN UNIVERSITY.	ExplanationTxt