2025-05-09T14:02:47+00:00 2024-06-30 440160260 Forvis Mazars LLP 500 Ridgefield Court Asheville NC 28806 990 2023-07-01 576017985 University of South Carolina Educational Foundation UNIV 8037771466 1027 Barnwell Street Columbia SC 29208 R Jason Caskey President/CEO 8037771466 2025-05-09 true Amy Bibby P00445891 8282542254 2025-05-08 2023 2025-03-06 01:10:19Z R Jason Caskey 1027 Barnwell Street Columbia SC 29208 147912271 false X WWW.USCFOUNDATIONS.COM X 1956 SC To support the University of South Carolina in its academic, research and charitable endeavors by promoting a culture of philanthropy, managing and stewarding donor gifts, and providing financial resources to support students and faculty now and into the future. 24 24 28 24 0 795207 44422639 44393747 634776 798118 17990264 38681789 1033787 832309 64081466 84705963 18581217 36702765 0 0 3044285 3329894 54790 206066 1966271 30398583 32409306 52078875 72648031 12002591 12057932 660021680 731690918 21931947 27862515 638089733 703828403 To support the University of South Carolina in its academic, research and charitable endeavors by promoting a culture of philanthropy, managing and stewarding donor gifts, and providing financial resources to support students and faculty now and into the future. false false 66226196 36702765 1693054 Aid the university in achieving its mission as the state's flagship institution of higher education through the establishment/implementation of long-range fundraising programs. 66226196 true true false false false false false true true true false false false false true true true false false false false false true true false false true true true false false false false false false true false true false false false true true false false false true 258 0 true 28 true true true false false false true true true true true 1 false false false false false X 24 24 true false false false false false false true true false false true true true true true true true true false SC X X R Jason Caskey 8037771466 1027 Barnwell Street Columbia SC 29208 James Bennett Chair 1.0 X X 0 0 0 Kenda Laughey Vice Chair 1.0 X X 0 0 0 Rita Caughman Chair Emeritus 1.0 X X 0 0 0 Boyd B Jones Director 1.0 X 0 0 0 Calvin H Elam Director 1.0 X 0 0 0 Christopher Judge Director 1.0 X 0 0 0 Felicia Howard Director 1.0 X 0 0 0 J Allen Wright Director 1.0 X 0 0 0 James P Barrow Director 1.0 X 0 0 0 Jeff Spears Director 1.0 X 0 0 0 John V Jonson Director 1.0 X 0 0 0 Leah B Moody Director 1.0 X 0 0 0 Lori Hair Director 1.0 X 0 0 0 Pamela A Baker Director 1.0 X 0 0 0 R Keith Elliott Director 1.0 X 0 0 0 Richard S Plyler Director 1.0 X 0 0 0 Rufus C McEntire Jr Director 1.0 X 0 0 0 S Stanley Juk Jr Director 1.0 X 0 0 0 Stephen D Marino Director 1.0 X 0 0 0 Susan W Cramer Director 1.0 X 0 0 0 Thomas C Deas Jr Director 1.0 X 0 0 0 Tony Tam Director 1.0 X 0 0 0 William D Chase Director 1.0 X 0 0 0 William N Smith Director 1.0 X 0 0 0 Hunter Lambert Assistant Vice President, Director R.E. 15.0 25.0 X 132795 0 23937 Jason Caskey President and CEO, University Foundation 15.0 25.0 X 451421 0 27368 Kim Elliott CFO and Treasurer 30.0 10.0 X 287250 0 13288 Sandy Hightower Secretary (beginning July 2023) 30.0 10.0 X 36592 0 13954 Susan Smith COO 30.0 10.0 X 196193 0 71492 Jean Pinckney Director of Accounting 1.0 39.0 X 139846 0 12434 Jennifer Muir Director of Investments 39.0 1.0 X 157207 0 56914 Michael Amiridis University President 40.0 X 587357 0 0 Pam Cope Director of Human Resources 40.0 X 122500 0 10970 Ruth Ann Shuler Director of Planned Giving 40.0 X 161192 0 41896 2272353 0 272253 9 false true true Everett Sports Marketing LLC 43 Paddington Ave Greenville SC 29609 Marketing 925677 Aramark Services Inc PO Box 978839 Dallas TX 75397 Food services 333415 Southern Way Inc 100 E Exchange Pl Columbia SC 29209 Food services 304706 Fund Evaluation Group PO Box 639176 Cincinnati OH 45263 Consulting Fees 243521 Marketing Communication Resource Inc 4800 E 345th St Wiloughby OH 44094 Mailing Services Annual Giving 157613 9 186361 44207386 3898784 44393747 Registration Fees 611430 345030 345030 Rental Income 531120 8525 8525 Miscellaneous Revenue 900099 414903 414903 Musical Concerts 711130 29660 29660 0 0 0 0 798118 9238618 9238618 138184 138184 0 0 92517763 63074592 29443171 0 29443171 29443171 69089 186361 131716 -62627 -62627 Miscellaneous 900099 756752 756752 0 0 0 0 756752 84705963 1693054 0 38619162 36515414 36515414 187351 187351 1376863 1376863 1424854 591770 833084 120230 120230 226000 226000 181947 19129 162818 79408 22094 35572 21742 58244 58244 206066 206066 254033 36310 217723 5029431 4886736 52671 90024 66794 66794 2597149 2120434 184381 292334 1179401 434955 363234 381212 719048 424089 286267 8692 2114647 1459050 25329 630268 145897 107369 9055 29473 491745 491745 13904 13904 284335 198043 86292 Contributions 4511060 4511060 Construction Costs 5038764 4986346 51924 494 Food and Supplies 2232776 2027571 51743 153462 Salary/Wage Reimbursements 6545594 6525944 19650 1047076 613992 300230 132854 72648031 66226196 4455564 1966271 400 400 8001195 6160162 30964131 40831765 11932082 6731728 0 0 9830363 7009448 119513 62146 5326330 2282246 3124488 3044084 585024716 655612595 267539 267539 0 1006 1006 10756247 11970045 660021680 731690918 6279109 4308392 12138676 13203131 0 3514162 10350992 0 0 21931947 27862515 X 116896392 119075818 521193341 584752585 638089733 703828403 660021680 731690918 X 12057932 43814028 9866710 X false true X true false X 34125502 44676209 42564503 44422639 44393747 210182600 0 0 34125502 44676209 42564503 44422639 44393747 210182600 10722198 199460402 9471380 9020075 6718406 8189488 9238618 42637967 0 41341 65164 64016 72835 69089 312445 253133012 0 0.7880 0.7819 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING INCOME, COLUMN A - 41341.0, COLUMN B - 65164.0, COLUMN C - 64016.0, COLUMN D - 72835.0, COLUMN E - 69089.0, COLUMN F - 312445.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 475258750 14582045 57830753 6802155 9281961 4389288 527198144 428350705 17637913 46560591 5859869 7637100 3793490 475258750 502775231 15952350 -72428484 5436459 7916022 4595911 428350705 384374168 14687599 117423196 5097292 4747707 3864733 502775231 382163064 11561904 4531198 4889492 5584383 3408123 384374168 0.0 1.0 0.0 false false 3038368 3038368 2126072 2126072 0 12371 12371 0 149519 143803 5716 3044084 0 X 138264287 43814028 9998426 53812454 84451833 254130 0 254130 84705963 72525617 131716 131716 72393901 254130 0 254130 72648031 Schedule D, Part IV, Line 2b Explanation of escrow agreement The USC Educational Foundation has entered into an agreement with the educational foundation of USC Lancaster (A separate 501(C)(3) Entity) whereby the usc educational foundation holds, receives, records, manages, invests and disburses all private funds donated to the educational foundation of usc lancaster. the educational foundation of usc lancaster may withdraw their funds at any point. this agreement was initiated to enjoy the economies of scale in regards to staffing, resources and administrative costs. Schedule D, Part V, Line 4 Intended uses of endowment funds The net income of the foundation's endowment funds is utilized as directed by the board of directors of the foundation in accordance with the established priorities and gift restrictions for the exclusive benefit of the university of south carolina. these uses include but are not limited to: 1) scholarships and/or fellowships 2) chairs and/or professorships 3) general program support for various university departments, colleges, institutes and offices. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Foundation has been granted exemption from income taxes under Section 501(c)(3) of the Internal Revenue code and accordingly, no provision for income tax is recorded in the accompanying financial statements. The Foundation has determined that it does not have any unrecognized tax benefits or obligations as of June 30, 2024. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Changes in Pledges Receivable - 9866710 Special Events - 131716 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Special Events - 131716 X X X X X X X true Grenzebach Giles PO Box 88277 Dept A Chicago IL 606801277 Consulting false 172066 -172066 Windfall data Inc 595 Pacific Ave FL4 San Francisco CA 94133 Consulting false 34000 -34000 0 206066 -206066 CA CO CT FL AL HI IL KS ME AK MD MA MI MN NV NH NJ NY OH OK OR RI SC UT AR WA WI Gala 115451 99860 15591 1211 14853 2750 7612 Golf Tournament 49213 36765 12448 115 7203 4 90786 49736 41050 7550 69730 3575 17117 255450 186361 69089 8761 84698 6325 31932 131716 -62627 true National Merit Scholarship Corporation 1560 Sherman Ave Suite 200 Evanston IL 602014897 362307743 501(c)(3) 81750 Scholarships University of South Carolina 1600 Hampton Street Columbia SC 29208 576001153 115 18699887 7676362 Cost Equipment Operating - Scholars Children's Center at USC 1530 Wheat Street Columbia SC 29205 203404109 501(c)(3) 557578 Project Support American Heart Association PO Box 841750 Dallas TX 752841750 135613797 501(c)(3) 7000 Grant 4 0 Scholarships 7 187351 Schedule I, Part III, Column (b) Selection of grantees is chosen based on availability of funding and predetermined scholarship criteria. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Scholarships are provided on behalf of the grantee directly to the university for application against educational expenses. X X X false false false false false false false false false Jason Caskey President and CEO, University Foundation 388921 0 40000 0 22500 0 11625 0 15743 0 478789 0 0 0 Kim Elliott CFO and Treasurer 254750 0 10000 0 22500 0 10703 0 2585 0 300538 0 0 0 Hunter Lambert Assistant Vice President, Director R.E. 122295 0 10500 0 0 0 9063 0 14874 0 156732 0 0 0 Susan Smith COO 196193 0 0 0 0 0 67357 0 4135 0 267685 0 0 0 Michael Amiridis University President 587357 0 0 0 0 0 0 0 0 0 587357 0 0 0 Jennifer Muir Director of Investments 156707 0 500 0 0 0 9544 0 47370 0 214121 0 0 0 Ruth Ann Shuler Director of Planned Giving 155692 0 5500 0 0 0 32338 0 9558 0 203088 0 0 0 Jean Pinckney Director of Accounting 139346 0 500 0 0 0 9251 0 3183 0 152280 0 0 0 PART VII LINE 5 RUTH ANN SHULER RECEIVED HER COMPENSATION (INCLUDING RETIREMENT BENEFITS) FROM THE UNIVERSITY OF SOUTH CAROLINA, AN UNRELATED ORGANIZATION THROUGH AUGUST OF 2023. MS. SHULTER RECEIVED A TOTAL OF $124,286. THE FOUNDATION REIMBURSED THE UNIVERSITY 100% OF THESE COSTS. Schedule J, Part III USC Educational Foundation employees provide services for both the USC Educational Foundation and the USC Development Foundation, including its subsidiaries. The amounts in Schedule J include compensation for services rendered to both organizations. The USC Development Foundation and its subsidiaries provide the USC Educational Foundation with a lump sum allocation towards personnel expenses. Wendi Brazell Wendi Brazell is a family member of susan B. smith, a key employee of the foundation. 36858 Employment false X 59 3623784 Other - FMV X 1 275000 Other - FMV 0 false true true Schedule M, Part I, Column B: Securities - Publicly Traded: 59 Contributors Schedule M, Part I, Line 15 1 piece of property Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions The educational foundation hires real estate agents to sell residential properties. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Kimberly Elliott and Susan Smith - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body A copy of the 990 is emailed to each board member prior to filing. Board members are requested to review the form and notify the foundation prior to the form due date if they have any comments or corrections to the form. Form 990, Part VI, Line 12c Conflict of interest policy The foundation's conflict of interest policy is distributed annually to board members electronically. Attached to the copy of the conflict of interest policy is a signature form for each board member to digitally sign and indicate that they have read, and complied with, the foundation's conflict of interest policy for the year. The signature forms are collected and kept by the foundation. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE TOP OFFICER'S COMPENSATION IS DETERMINED BASED ON PERFORMANCE AND BOARD REVIEWS. THE SALARY IS DERIVED FROM COMPARABLE INDUSTRY DATA AND ACHIEVEMENT OF PERFORMANCE STANDARDS ESTABLISHED AT THE BEGINNING OF EACH FISCAL YEAR. Form 990, Part VI, Line 15b Process to establish compensation of other employees COMPENSATION FOR OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION IS BASED ON PERFORMANCE AND BOARD REVIEWS. THE SALARY IS DERIVED FROM COMPARABLE INDUSTRY DATA AND ACHIEVEMENT OF PERFORMANCE STANDARDS ESTABLISHED AT THE BEGINNING OF EACH FISCAL YEAR. Form 990, Part VI, Line 19 Required documents available to the public The foundation makes its governing documents, conflict of interest policy and financial statements available to the public through the foundation's website and upon request. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Changes in Pledges Receivable - 9866710; Form 990, Part XII, Line 2c The process has not been changed since the prior year. The Mark Catesby Centre LLC 1027 Barnwell St Columbia SC 29208 576017985 Education & Promotion SC 0 4 USCEF G&B Horizons LLC 1027 Barnwell Street Columbia SC 29208 576017985 Education & Promotion SC 0 0 USCEF USC Development Foundation 1027 Barnwell St Columbia SC 29208 576026593 Development SC 501(c)(3) Type III-FI NA false Charitable Remainder Unitrust (4) 1027 Barnwell St Columbia SC 29208 Charitable SC NA Trust false USC Innovation LLC 1027 Barnwell St Columbia SC 29208 465676518 Development SC USCDF C Corporation false false false false true false false false false false false true false false true true true true true true