2022-05-02T07:27:29-05:00 2021-06-30 560747981 DIXON HUGHES GOODMAN LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2020-07-01 576017985 UNIVERSITY OF SOUTH CAROLINA EDUCATIONAL FOUNDATION UNIV 8037771466 1027 BARNWELL STREET COLUMBIA SC 29208 R JASON CASKEY PRESIDENT/CEO 8037771466 2022-05-02 1 R JASON CASKEY 999009999 AMY BIBBY P00445891 8282542254 2022-04-29 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z R JASON CASKEY 1027 BARNWELL STREET COLUMBIA SC 29208 97233478 0 X HTTPS://WWW.UOFSCFOUNDATIONS.ORG/ X 1956 SC SUPPORT THE UNIVERSITY OF SOUTH CAROLINA IN ALL OF ITS EDUCATIONAL, INSTRUCTIONAL, SCIENTIFIC, LITERARY, RESEARCH, SERVICE, CHARITABLE AND OUTREACH ENDEAVORS. 23 23 28 23 0 0 34125502 44676209 342568 653120 35357101 25242642 315646 436444 70140817 71008415 15739034 17257549 0 0 2637648 2811486 0 139900 543445 23288899 22193497 41665581 42402432 28475236 28605983 546439344 718616062 17344119 24278507 529095225 694337555 SUPPORT THE UNIVERSITY OF SOUTH CAROLINA IN ALL OF ITS EDUCATIONAL, INSTRUCTIONAL, SCIENTIFIC, LITERARY, RESEARCH, SERVICE, CHARITABLE AND OUTREACH ENDEAVORS. 0 0 37873610 17257549 1091612 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. 37873610 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 1 1 1 0 0 1 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 1 208 0 1 28 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 0 0 X 23 23 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X X R JASON CASKEY 8037771466 1027 BARNWELL STREET COLUMBIA SC 29208 BOYD B JONES CHAIR EMERITUS 1.00 X X 0 0 0 RITA B CAUGHMAN CHAIR 1.00 X X 0 0 0 JAMES BENNETT VICE CHAIR 1.00 X X 0 0 0 PAMELA A BAKER DIRECTOR 1.00 X 0 0 0 JAMES P BARROW DIRECTOR 1.00 X 0 0 0 WILLIAM D CHASE DIRECTOR 1.00 X 0 0 0 SUSAN W CRAMER DIRECTOR 1.00 X 0 0 0 THOMAS C DEAS JR DIRECTOR 1.00 X 0 0 0 CALVIN H ELAM DIRECTOR 1.00 X 0 0 0 R KEITH ELLIOTT DIRECTOR 1.00 X 0 0 0 FRANCES GARDNER DIRECTOR 1.00 X 0 0 0 JOHN V JONSON DIRECTOR 1.00 X 0 0 0 S STANLEY JUK JR DIRECTOR 1.00 X 0 0 0 SANDRA J KELLY DIRECTOR 1.00 X 0 0 0 KENDA M LAUGHEY DIRECTOR 1.00 X 0 0 0 STEPHEN D MARINO DIRECTOR 1.00 X 0 0 0 BUDDY MCENTIRE DIRECTOR 1.00 X 0 0 0 LEAH B MOODY DIRECTOR 1.00 X 0 0 0 RICHARD S PLYLER DIRECTOR 1.00 X 0 0 0 W HAIGH PORTER DIRECTOR 1.00 X 0 0 0 JEFF SPEARS DIRECTOR 1.00 X 0 0 0 TONY TAM DIRECTOR 1.00 X 0 0 0 J ALLEN WRIGHT DIRECTOR 1.00 X 0 0 0 R JASON CASKEY PRESIDENT AND CEO, UNIVERSITY FOUNDA 15.00 25.00 X 303728 0 22597 KIM ELLIOTT CFO AND TREASURER 30.00 10.00 X 232381 0 11104 LINDSEY FISHER SECRETARY 30.00 10.00 X 76871 0 24645 HUNTER LAMBERT ASSISTANT SECRETARY 15.00 25.00 X 86250 0 14118 SUSAN B SMITH COO 30.00 10.00 X 229781 0 70162 JENNIFER MUIR DIRECTOR OF INVESTMENTS 39.00 1.00 X 166163 0 49318 JEAN PINCKNEY DIRECTOR OF ACCOUNTING 1.00 39.00 X 124752 0 32959 RUTH ANN SHULER DIRECTOR OF PLANNED GIVING 40.00 X 117768 0 39727 ROBERT CASLEN JR UNIVERSITY PRESIDENT 40.00 X 338409 0 0 1676103 0 264630 7 0 1 1 BULLSTREET DEVELOPMENT LLC PO BOX 2567 GREENVILLE SC 29602 CONSTRUCTION 463743 BRIGHT HORIZONS CAPITAL CORPORATION 2 WELLS AVENUE NEWTON MA 02459 MANAGEMENT 373728 JF CONTRACTORS LLC 119 S HARVIN STREET SUMTER SC 29150 CONSTRUCTION 269394 FUND EVALUATION GROUP PO BOX 639176 CINCINNATI OH 45263 INVESTMENT MANAGER 234158 MERCY CONTRACTING LLC 227 BIRCHFIELD DR COLUMBIA SC 29223 CONSTRUCTION 198750 8 101885 44574324 7637936 44676209 RENTAL INCOME 531120 356970 356970 REGISTRATION FEES 611430 224422 224422 MISCELLANEOUS REVENUE 900099 58940 58940 MUSICAL CONCERTS 711130 12788 12788 653120 9020075 9020075 111525 111525 42380418 26157851 16222567 16222567 16222567 65164 101885 67212 -2048 -2048 MISCELLANEOUS INCOME 900099 266882 266882 60085 60085 326967 71008415 1091612 0 25240594 17140696 17140696 116853 116853 1075599 1075599 1182628 456714 725914 216611 216611 167203 2390 164813 169445 14804 154641 120005 70177 49828 70573 5400 65173 139900 139900 269249 25391 243858 2797627 2446672 158285 192670 23323 23323 869629 664758 137391 67480 607693 187252 332149 88292 1846110 1609349 236595 166 121714 107112 5682 8920 66442 58817 3965 3660 176340 176340 541666 414611 127055 369787 308926 60861 CONSTRUCTION COSTS, EQU 5558410 5428730 129680 SALARY/WAGE REIMBURSEME 4850543 4850543 CONTRIBUTIONS 3344846 3344846 FOOD SUPPLIES 212707 196337 11441 4929 346833 223569 85836 37428 42402432 37873610 3985377 543445 400 400 8466009 10029639 43283119 40786296 6027134 7562934 5701959 13356020 234245 5397379 1437766 4417529 3959613 468420895 632081056 421686 421686 1006 1006 9699607 10183167 546439344 718616062 4197728 4090076 9425134 12429630 3721257 7758801 17344119 24278507 X 87457363 135810750 441637862 558526805 529095225 694337555 546439344 718616062 X 28605983 139133170 -2496823 X X 0 1 X 1 0 X 72006750 43921150 18194153 34125502 44676209 212923764 72006750 43921150 18194153 34125502 44676209 212923764 4280955 208642809 6714912 7398493 5959450 9471380 9020075 38564310 131187 65325 81078 41341 65164 384095 251872169 0.82840 0.82570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 384374168 14687599 117423196 5097292 4747707 3864733 502775231 382163064 11561904 4531198 4889492 5584383 3408123 384374168 373491335 11701190 9200626 4897377 4005355 3327355 382163064 348340768 6937289 26696655 4641168 3569100 273109 373491335 264993455 59887646 35228061 4426723 3883931 3457740 348340768 0.99000 0.01000 0 0 3313618 3313618 1921871 1254026 667845 12371 112760 -100389 149519 70980 78539 3959613 X 207411032 139133170 -2429611 136703559 70707473 300942 300942 71008415 42168702 67212 67212 42101490 300942 300942 42402432 PART IV, LINE 2B: 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. PART V, LINE 4: 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. PART X, LINE 2: 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, 2021. PART XI, LINE 2D - REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER CHANGES IN PLEDGES RECEIVABLE -$2,496,823 SPECIAL EVENTS -$67,212 PART XII, LINE 2D - EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER SPECIAL EVENTS -$67,212 CENTRAL AMERICA/CARRIBEAN 0 0 INVESTMENT N/A 1405282 0 0 0 0 0 0 1405282 0 1405282 1 0 0 1 1 0 PART III ACCOUNTING METHOD: X X X X X X 1 MARTS & LUNDY 160 CHUBB AVE STE 103 LYNDHURST NJ 07071 CONSULTING 0 0 139900 -139900 139900 -139900 SC GALA 72829 64764 8065 5969 1751 GALA 26538 19397 7141 8137 3 67682 17724 49958 4155 16798 10983 19419 167049 101885 65164 4155 16798 16952 29307 67212 -2048 1 NATIONAL MERIT SCHOLARSHIP CORP 1560 SHERMAN AVE SUITE 200 EVANSTON IL 602014897 362307745 501C3 96250 SCHOLARSHIPS UNIVERSITY OF SOUTH CAROLINA 1600 HAMPTON STREET COLUMBIA SC 29208 576001153 115 15049646 933704 COST EQUIPMENT OPERATING-SCHOLARS CHILDREN'S CENTER AT USC 1530 WHEAT STREET COLUMBIA SC 29205 203404109 501C3 694119 PROJECT SUPPORT FRANCIS MARION UNIVERSITY PO BOX 100547 FLORENCE SC 29502 237432174 115 75000 PROJECT SUPPORT MEDICAL UNIVERSITY OF SOUTH CAROLINA 45 COURTENAY DRIVE CHARLESTON SC 29407 576028985 115 111409 PROJECT SUPPORT THE COOPERATIVE MINISTRY 3821 W BELTLINE BOULEVARD COLUMBIA SC 29204 570825025 501C3 61315 PROJECT SUPPORT 6 SCHOLARSHIPS 5 116853 PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS SCHOLARSHIPS ARE PROVIDED ON BEHALF OF THE GRANTEE DIRECTLY TO THE UNIVERSITY FOR APPLICATION AGAINST EDUCATIONAL EXPENSES. PART 111, COLUMN B SELECTION OF GRANTEES IS CHOSEN BASED ON AVAILABILITY OF FUNDING AND PREDETERMINED SCHOLARSHIP CRITERIA. X X X 0 0 0 0 0 0 0 0 0 ROBERT CASLEN JR UNIVERSITY PRESIDENT 334832 0 0 0 3577 0 0 0 0 0 338409 0 0 0 R JASON CASKEY PRESIDENT AND CEO, UNIVERSITY FOUNDA 303728 0 0 0 0 0 10820 0 11777 0 326325 0 0 0 SUSAN B SMITH COO 229781 0 0 0 0 0 60482 0 9680 0 299943 0 0 0 KIM ELLIOTT CFO AND TREASURER 232381 0 0 0 0 0 10405 0 699 0 243485 0 0 0 JENNIFER MUIR DIRECTOR OF INVESTMENTS 161163 0 5000 0 0 0 25078 0 24240 0 215481 0 0 0 JEAN PINCKNEY DIRECTOR OF ACCOUNTING 121752 0 3000 0 0 0 27806 0 5153 0 157711 0 0 0 RUTH ANN SHULER DIRECTOR OF PLANNED GIVING 117768 0 0 0 0 0 26819 0 12908 0 157495 0 0 0 PART III - OTHER ADDITIONAL INFORMATION PART VII LINE 5 SUSAN B. SMITH AND JENNIFER MUIR RECEIVED PART OF THEIR COMPENSATION FROM THE UNIVERSITY OF SOUTH CAROLINA, AN UNRELATED ORGANIZATION. MS. SMITH RECEIVED A TOTAL OF $188,464. MS. MUIR RECEIVED A TOTAL OF $99,091. JEAN PINCKNEY AND RUTH ANN SHULER RECEIVED THEIR COMPENSATION (INCLUDING RETIREMENT BENEFITS) FROM THE UNIVERSITY OF SOUTH CAROLINA, AN UNRELATED ORGANIZATION. MS. PINCKNEY RECEIVED A TOTAL OF $157,711 AND MS. SHULER RECEIVED A TOTAL OF $157,495. THE FOUNDATION REIMBURSED THE UNIVERSITY 100% OF THESE COSTS. WENDI BRAZELL SEE SUPPLEMENT 49794 EMPLOYMENT 0 SCHEDULE L, PART V - ADDITIONAL INFORMATION WENDI BRAZELL IS A FAMILY MEMBER OF SUSAN B. SMITH, A KEY EMPLOYEE OF THE FOUNDATION. X 55 7262186 FMV X 3 310750 FMV X NEGATIVES 1 65000 FMV 18 0 1 1 PART I, LINE 32B: THIRD PARTY USED TO PROCESS NONCASH CONTRIBUTIONS. THE EDUCATIONAL FOUNDATION HIRES REAL ESTATE AGENTS TO SELL RESIDENTIAL PROPERTIES. SCHEDULE M, PART I, COLUMN B: SECURITIES - PUBLICLY TRADED: 55 CONTRIBUTORS REAL ESTATE - RESIDENTIAL - 3 PIECES OF REAL ESTATE RECEIVED FORM 990, PART VI, SECTION A, LINE 2 KIMBERLY ELLIOTT AND SUSAN SMITH HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B 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, SECTION B, LINE 12C THE FOUNDATION'S CONFLICT OF INTEREST POLICY IS DISTRIBUTED ANNUALLY TO BOARD MEMBERS AT A FULL BOARD MEETING. ATTACHED TO THE COPY OF THE CONFLICT OF INTEREST POLICY IS A SIGNATURE FORM FOR EACH BOARD MEMBER TO 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, SECTION B, LINE 15 FORM 990, PART VI, LINE 15A - COMPENSATION PROCESS FOR TOP 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 - COMPENSATION PROCESS FOR OFFICERS 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, SECTION C, LINE 19 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: CHANGES IN PLEDGES RECEIVABLE -2,496,823. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. FORM 990, LINE VIII - ADDITIONAL INFORMATION LINE 11D ALL OTHER REVENUE COLUMN A COLUMN B COLUMN C COLUMN D RENTAL FEES $356,969 $356,969 PATENT $111,524 $111,524 MEMBERSHIP $2,362 $2,362 ENDOWMENT REVENUE $57,723 $57,723 THE MARK CATESBY CENTRE LLC 1027 BARNWELL STREET COLUMBIA SC 29208 576017985 EDUCATION & PROMOTION SC 0 4 USC EF USC DEVELOPMENT FOUNDATION 1027 BARNWELL STREET COLUMBIA SC 29208 576026593 DEVELOPMENT SC 501(C)(3) LINE 12C, III-FI N/A 0 CHARITABLE REMAINDER UNITRUST (4) 1027 BARNWELL STREET COLUMBIA SC 29208 CHARITABLE SC N/A T 0 USCINNOVATION LLC 1027 BARNWELL STREET COLUMBIA SC 29208 465676518 DEVELOPMENT SC USCDF C 0 WHEELER HILL DEVELOPMENT LLC 1027 BARNWELL STREET COLUMBIA SC 29208 204996416 DEVELOPMENT SC USCDF C 0 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1 SCHEDULE R, PART I THE PURPOSE OF THE MARK CATESBY CENTRE IS TO EDUCATE THE PUBLIC ABOUT NATURALIST MARK CATESBY'S LIFE AND TO PROMOTE HIS WORK. HE PRECEDED JOHN JAMES AUDUBON AS A NATURALIST WHO RENDERED FLORA AND FAUNA IN ITS NATURAL HABITAT IN THE SOUTHEAST REGION OF THE US AND THROUGHOUT THE CARIBBEAN.