2022-11-22T15:28:06-06:00 2022-06-30 440160260 FORVIS LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2021-07-01 237069236 COLLEGE OF CHARLESTON FOUNDATION COLL 8439533130 66 GEORGE STREET CHARLESTON SC 29424 JR BARNHART DIRECTOR OF FINANCE 8439533130 2022-11-22 1 JR BARNHART 999009999 AMY BIBBY P00445891 8282542254 2022-11-21 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JR BARNHART 66 GEORGE STREET CHARLESTON SC 29424 25818469 0 X GIVING.COFC.EDU/FOUNDATION X 1970 SC TO PROMOTE EDUCATION, RESEARCH, AND DEVELOPMENT PROGRAMS FOR THE EXCLUSIVE BENEFIT OF THE COLLEGE OF CHARLESTON 35 35 4 49 0 0 9158089 10229730 0 0 -12394 42534 979538 1130001 10125233 11402265 6595305 5545130 0 0 2803830 2469694 138000 0 1513397 3021440 4271012 12558575 12285836 -2433342 -883571 175127185 165475152 1912080 2042442 173215105 163432710 X THE MISSION OF THE COLLEGE OF CHARLESTON FOUNDATION IS TO PROMOTE PROGRAMS OF EDUCATION, RESEARCH, STUDENT DEVELOPMENT, AND FACULTY DEVELOPMENT FOR THE EXCLUSIVE BENEFIT OF THE COLLEGE OF CHARLESTON. 0 0 6445288 5156654 SEE SCHEDULE O FOR A COMPLETE DESCRIPTION OF OUR ACCOMPLISHMENTSTHE COLLEGE OF CHARLESTON FOUNDATION HAS BEEN DEDICATED TO SUPPORTING THE ACTIVITIES AND GOALS OF THE COLLEGE FOR MORE THAN 50 YEARS. IN DOING SO, THE FISCAL YEAR ENDING JUNE 30, 2022 GARNERED NEARLY $23.2 MILLION IN TOTAL COMMITMENTS, A NEW HIGH-WATERMARK AND AN INCREASE OF MORE THAN 11 PERCENT OVER THE PREVIOUS FISCAL YEAR.SEVERAL POINTS OF PRIDE EMERGE FROM THE FOUNDATION'S FY22 ACCOMPLISHMENTS:-A TOTAL OF 9,086 DONORS SUPPORTED THE COLLEGE, AN INCREASE OF OVER 37% FROM THE PREVIOUS FISCAL YEAR-$7.3 MILLION IN CASH, STOCK AND IN-KIND RECEIPTS -41 NEW RESTRICTED FUNDS AND 34 NEW ENDOWMENT FUNDS WERE CREATED-$8.6 MILLION SECURED IN ESTATE INTENTIONS, AN INCREASE OF 10.7% FROM FY21-FRIENDS OF THE COLLEGE LED THE CONSTITUENCIES IN NEW COMMITMENTS WITH $8.5 MILLION-ALUMNI DONORS WERE SECOND ONLY TO FRIENDS AMONG CONSTITUENCIES, WITH MORE THAN $6.7 MILLION IN COMMITMENTS-PARENTS WERE THE THIRD MOST GENEROUS CONSTITUENCY WITH $3.8 MILLION IN COMMITMENTS-THE COMMITMENTS BY FACULTY AND STAFF INCREASED BY 105% FROM $276,000 TO $565,000-APPROXIMATELY 892 STUDENTS RECEIVED 1,193 SCHOLARSHIPS FUNDED THROUGH PHILANTHROPY FROM MORE THAN $4.1 MILLION MADE AVAILABLE IN SCHOLARSHIPS AND AWARDSTHE SECOND ANNUAL COFC DAY TOOK PLACE ON JANUARY 27, 2022 AND WAS ANOTHER SUCCESS RAISING A TOTAL OF $6,654,710 IN TOTAL COMMITMENTS FROM 2,555 DONORS. COFC DAY IS NOT ONLY A SUCCESSFUL FUNDRAISING DRIVE BUT IS ALSO QUICKLY BECOMING A WAY TO INSTILL PRIDE AND SPIRIT INTO THE HEARTS AND MINDS OF ALUMNI, PARENTS, FRIENDS, FACULTY/STAFF AND STUDENTS. 3543407 388476 SEE SCHEDULE O FOR A COMPLETE DESCRIPTION OF OUR ACCOMPLISHMENTSTHE STORIES OF INSPIRATION AND MOTIVATION THAT TAKE PLACE BEHIND THE FIGURES SHOWCASE HOW GIVING IMPACTS THE COLLEGE OF CHARLESTON CAMPUS. THE FOLLOWING ARE EXAMPLES OF THE COMMITMENTS THAT SUSTAIN THE COLLEGE'S EFFORTS TO PROVIDE EXCELLENCE IN EDUCATION:SCHOLARSHIPS/AWARDS DONORS COMMITTED $1.5 MILLION IN THEIR ESTATE TO ESTABLISH THE JOHNNY AND KAY WALLACE ENDOWED SCHOLARSHIP FOR STUDENTS IN THE SCHOOL OF BUSINESS. A FOUNDATION PLEDGED $209,000 TO SUPPORT A NAMED SCHOLARSHIP PROGRAM, WHICH PROVIDES FINANCIAL ASSISTANCE TO FEMALE STUDENTS FROM SPECIFIC SOUTHERN STATES. THEIR TOTAL GIVING TO THE COFC FOUNDATION IS NEARLY $3 MILLION SINCE THE 1980S. A DONOR COMMITTED $160,000 IN HER ESTATE TO ESTABLISH THE LISA MATTHEWS ENDOWED SCHOLARSHIP. AN ALUMNUS COMMITTED $100,000 IN HIS ESTATE TO ESTABLISH TWO ENDOWED SCHOLARSHIP FUNDS AT THE COLLEGE AND PROVIDED $20,000 IN FUNDING FOR EACH ONE TO BEGIN AWARDING IMMEDIATELY. A DONOR COUPLE CONTRIBUTED $50,000 TO ESTABLISH AN ENDOWED SCHOLARSHIP TO SUPPORT STUDENTS PARTICIPATING IN THE STUDENT ALUMNI ASSOCIATES WHO DEMONSTRATE LEADERSHIP AND ARE INVOLVED IN EXTRACURRICULAR ACTIVITIES. A DONOR GAVE $100,000 TO ESTABLISH THE SEPTIMA CLARK AND ESAU AND JANIE B. JENKINS LOCAL LEGENDS ENDOWED SCHOLARSHIP FOR THE 1967 LEGACY PROGRAM.LIBRARIES MERRILL BERMAN GAVE A MULTIMEDIA COLLECTION COMPRISING CIVIL RIGHTS-ERA MATERIAL INCLUDING ORIGINAL AUDIO RECORDINGS OF MARTIN LUTHER KING, JR. AND RALPH ABERNATHY TO THE AVERY RESEARCH CENTER FOR AFRICAN AMERICAN HISTORY AND CULTURE. THE IN-KIND GIFT IS VALUED AT $275,000. THE GAYLORD AND DOROTHY DONNELLEY FOUNDATION PROVIDED A GRANT OF $100,000 IN SUPPORT OF THE AVERY RESEARCH CENTER'S "DOCUMENTING THE ARC: THE LOWCOUNTRY, CIVIL RIGHTS AND THE ERA OF BLACK LIVES MATTER."SCHOOL OF THE ARTS THE GAYLORD AND DOROTHY DONNELLEY FOUNDATION GAVE $20,000 IN SUPPORT OF THE HALSEY INSTITUTE OF CONTEMPORARY ART.SCHOOL OF LANGUAGES, CULTURES, AND WORLD AFFAIRS THE EASTWEST INSTITUTE GAVE $95,000 TO SUPPORT THE GLOBAL LEADERSHIP INSTITUTE. THE OLIVER S. AND JENNIE R. DONALDSON CHARITABLE TRUST GAVE $50,000 TO SUPPORT THE INTERNATIONAL SCHOLARS ENDOWED PROGRAM FUND, $32,000 TO THE AMERICAN UNIVERSITY IN CAIRO STUDY ABROAD AWARD, AND $18,000 TO THE LCWA DEAN'S EXCELLENCE FUND.ATHLETICS ROBB AND LYDIA TURNER COMMITTED $1.57 MILLION TO THE RENOVATION AND ESTABLISHMENT OF THE TURNER TENNIS CENTER AT PATRIOTS POINT. TWO DONORS PLEDGED $1 MILLION TO SUPPORT THE BASEBALL PERFORMANCE CENTER AT PATRIOTS POINT. A DONOR COUPLE PLEDGED $262,500 TO THE BASEBALL PERFORMANCE CENTER AT PATRIOTS POINT. A DONOR GAVE $250,000 TO THE BASEBALL PERFORMANCE CENTER AT PATRIOTS POINT.MULTIDISCIPLINARY PROGRAMS AN ANONYMOUS DONOR GAVE $250,000 TO SUPPORT THE RENOVATION OF THE STUDENT SUCCESS CENTER AT 58 GEORGE STREET. A PARENT COUPLE COMMITTED $200,000 TO SUPPORT THE RENOVATION OF THE STUDENT SUCCESS CENTER AT 58 GEORGE STREET. ALUMNI DONORS PLEDGED $165,000 TO SUPPORT THE NEWLY ESTABLISHED OFFICE OF PRESTIGIOUS SCHOLAR DEVELOPMENT IN ACADEMIC AFFAIRS.HONORS COLLEGE THE HONORS COLLEGE RECEIVED OVER $27,000 IN ANNUAL GIVING CONTRIBUTIONS.SCHOOL OF SCIENCES AND MATHEMATICS A DONOR COUPLE COMMITTED $1 MILLION IN THEIR ESTATE TO ESTABLISH AN ENDOWED BEAMS SUPPORT FUND IN MEMORY OF THEIR SON. AN ALUMNA AND HER HUSBAND COMMITTED $250,000 IN THEIR ESTATE TO A FUND TO SUPPORT FACILITIES IN THE SCHOOL OF SCIENCES AND MATHEMATICS. THEY ALSO COMMITTED A $250,000 PLANNED GIFT TO ESTABLISH AN ENDOWED SCHOLARSHIP.SCHOOL OF BUSINESS AN ANONYMOUS DONOR GAVE $200,000 TO SUPPORT THE CENTER FOR PUBLIC CHOICE AND MARKET PROCESS. QUEEN STREET HOSPITALITY GROUP PLEDGED $72,000 TO ESTABLISH THE QUEEN STREET HOSPITALITY GROUP ENDOWED SCHOLARSHIP.SCHOOL OF HUMANITIES AND SOCIAL SCIENCES A DONOR COUPLE COMMITTED $1.5 MILLION IN THEIR ESTATE TO ESTABLISH THE MARTIN CENTER FOR MENTORSHIP IN COMMUNICATION. A PARENT DONOR GAVE $100,000 TO ESTABLISH THE KENDALL SOISTMAN "SOARING ABOVE THE CLOUDS" ENDOWED SCHOLARSHIP FOR JUNIORS AND SENIORS MAJORING IN COMMUNICATION. A DONOR COMMITTED $60,600 TO ESTABLISH AN ENDOWED SCHOLARSHIPS FOR COMMUNICATION MAJORS. AN ANONYMOUS DONOR COMMITTED $125,000 IN THEIR ESTATE TO SUPPORT THE MFA ENDOWED PROGRAM SUPPORT FUND.SCHOOL OF EDUCATION A DONOR COMMITTED $187,500 IN HIS ESTATE TO SUPPORT THE SCHOOL OF EDUCATION DEAN'S EXCELLENCE FUND. A LONG-TIME DONOR COUPLE GAVE $100,000 THROUGH THEIR FOUNDATION TO SUPPORT THE JEREMY WARREN VANN MEMORIAL SCHOLARSHIP, WHICH SUPPORTS EDUCATION STUDENTS DURING THEIR CLINICAL PRACTICE SEMESTER.SCHOOL OF HEALTH AND HUMAN PERFORMANCE AN ANONYMOUS DONOR GAVE $59,260 TO SUPPORT THE GANGAROSA DIRECTOR OF BACHELOR OF SCIENCE IN PUBLIC HEALTH.UNRESTRICTED A DONOR COMMITTED $30,000 THROUGH HIS ESTATE TO SUPPORT THE 250TH AND BEYOND FUND. AN ANONYMOUS DONOR COMMITTED $125,000 IN THEIR ESTATE TO SUPPORT THE 250TH AND BEYOND FUND. AN ALUMNUS COMMITTED TWO SIX-FIGURE PLANNED GIFTS TO SUPPORT THE 250TH AND BEYOND FUND AND THE COFC FUND AREA OF GREATEST NEED. 9988695 1 1 0 0 0 0 0 1 0 1 1 1 1 0 1 1 1 1 0 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 195 0 1 4 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 35 35 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X X J R BARNHART 8439537458 66 GEORGE ST CHARLESTON SC 29424 PEGGY G BOYKIN CHAIR 1.00 X X 0 0 0 STEPHEN R KERRIGAN VICE CHAIR 1.00 X X 0 0 0 PATRICIA S ORY TREASURER 1.00 X X 0 0 0 R K SAULS SECRETARY 1.00 X X 0 0 0 TODD G ABEDON DIRECTOR 1.00 X 0 0 0 JOHNNIE W BAXLEY DIRECTOR 1.00 X 0 0 0 MARK J BUONO DIRECTOR 1.00 X 0 0 0 LISA B BURBAGE DIRECTOR 1.00 X 0 0 0 JOHN B CARTER DIRECTOR 1.00 X 0 0 0 ERIC S COX DIRECTOR 1.00 X 0 0 0 SCOTT A CRACRAFT DIRECTOR 1.00 X 0 0 0 TINA M CUNDARI DIRECTOR 1.00 X 0 0 0 NEIL W DRAISIN DIRECTOR 1.00 X 0 0 0 CRAIG E ENEY DIRECTOR 1.00 X 0 0 0 GEORGE FRAGGOS DIRECTOR 1.00 X 0 0 0 ROBERT L FREEMAN DIRECTOR 1.00 X 0 0 0 LESLIE GAMBEE DIRECTOR 1.00 X 0 0 0 KENNETH S GUSTAFSON DIRECTOR 1.00 X 0 0 0 FLEETWOOD S HASSELL DIRECTOR 1.00 X 0 0 0 AMY L HEYEL DIRECTOR 1.00 X 0 0 0 THEODORE V HOWIE DIRECTOR 1.00 X 0 0 0 REBA K HUGE DIRECTOR 1.00 X 0 0 0 JEAN W JOHNSON DIRECTOR 1.00 X 0 0 0 JEFFERY E KINARD DIRECTOR 1.00 X 0 0 0 NOAH T LEASK DIRECTOR 1.00 X 0 0 0 MICHELLE Y MANGUM DIRECTOR 1.00 X 0 0 0 H C MCKAY DIRECTOR 1.00 X 0 0 0 JUSTIN R MCLAIN DIRECTOR 1.00 X 0 0 0 CHARLES S MOSTELLER DIRECTOR 1.00 X 0 0 0 RALLIS L PAPPAS DIRECTOR 1.00 X 0 0 0 LAURA T RICCIARDELLI DIRECTOR 1.00 X 0 0 0 SHERRIE C SNIPES-WILLIAMS DIRECTOR 1.00 X 0 0 0 SAM STAFFORD DIRECTOR 1.00 X 0 0 0 KATHERINE C WILLIAMS DIRECTOR 1.00 X 0 0 0 DERRICK L WILLIAMS DIRECTOR 1.00 X 0 0 0 MR CHRISTOPHER R TOBIN FORMER EVP-COFC, EXC DIR OF FOUNDATION 20.00 20.00 X 249096 148688 0 MS CATHY MAHON INTERIM EVP-COFC, EXC DIR OF FOUNDATION 10.00 30.00 X 0 187984 0 MS DEBYE ALDERMAN EXECUTIVE DIRECTOR OF FINANCE AND ADMINISTRATION 20.00 20.00 X 0 150217 0 MR ANDREW HSU PRESIDENT, COFC 20.00 20.00 X 207420 312383 0 MS SUZANNE AUSTIN PROVOST, COFC 20.00 20.00 X 100000 282694 0 DR ALAN SHAO DEAN, SCHOOL OF BUSINESS - COFC 20.00 20.00 X 61800 324857 0 618316 1406823 0 2 0 1 0 ARAMARK SERVICES INC COLLEGE OF CHARLESTON 65 GEORGE STR CHARLESTON SC 29424 CATERING 315305 TRUIST BANK (FORMERLY BB&T) 151 MEETING STREET 100 CHARLESTON SC 29401 BANKING / FINANCIAL SERVICES 270392 CHARLESTON GREEN PO BOX 7 JOHNS ISLAND SC 29457 CONSTRUCTION/LANDSCAPING 157780 EDUCATION ADVISORY BOARD PO BOX 603519 CHARLOTTE NC 282603519 CONSULTING 145413 R WILLIAM FUNK & ASSOCIATES 2911 TURTLE CREEK BOULEVARD SUITE DALLAS TX 75219 SEARCH FIRM 138293 7 10229730 3117150 10229730 5562 5562 695491 0 695491 695491 695491 14420776 32400 14412954 3250 7822 29150 36972 36972 OTHER REVENUE 900099 426670 426670 LICENSE TAG INCOME 900099 7840 7840 434510 11402265 0 0 1172535 5156654 5156654 388476 388476 556516 307420 124548 124548 1518957 988547 88419 441991 341197 213050 35011 93136 53024 33109 5441 14474 51867 29015 22852 48920 11623 37297 655705 405403 150642 99660 90347 81305 3298 5744 985999 791722 55892 138385 314395 11868 22499 280028 217809 144597 73212 372932 307714 28103 37115 818682 684117 53521 81044 257812 190306 67506 20406 20406 RECRUITMENT 189052 179266 5101 4685 MISCELLANEOUS EXPENSE 147169 172 1584 145413 STUDENT DEVELOPMENT 63569 63569 PROFESSIONAL DEVELOPMEN 36348 12385 14086 9877 12285836 9988695 783744 1513397 769024 1022147 1300217 3646097 5887854 5653910 1389156 1538638 161700 158632 9267345 3949246 5428024 5318099 584897 401343 150140007 137851934 9371873 9786473 94433 97879 175127185 165475152 204476 477527 1658433 1507281 49171 57634 1912080 2042442 X 21718323 16768587 151496782 146664123 173215105 163432710 175127185 165475152 X -883571 -8592347 -306477 X X 0 1 X 1 0 X 14325917 10764964 9335691 9158089 10229730 53814391 14325917 10764964 9335691 9158089 10229730 53814391 4365004 49449387 1843678 2033502 804317 697940 701053 6080490 404991 401070 375420 284047 434510 1900038 61794919 0.80020 0.78350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9100 9786473 X X X 0 128582206 6681502 -5821972 5409438 124032298 101377805 3700036 28376441 4872076 128582206 97196990 2276517 6131617 4227319 101377805 89204537 4981129 6720991 3709667 97196990 77346847 8488149 6991948 3622407 89204537 0.06923 0.93077 0 0 3665943 3665943 2249254 2244677 4577 1995620 1456530 539090 1356528 248039 1108489 5318099 TIFF KEYSTONE FUND 137851934 F 137851934 COLLECTIONS OF ART AND HISTORICAL TREASURES 9786473 C 9786473 ANNUITIES PAYABLE 57634 57634 X 2340666 -8592347 -457629 -9049976 11390642 11623 11623 11402265 12123061 -151152 -151152 12274213 11623 11623 12285836 PART III, LINE 4: THE COLLEGE OF CHARLESTON FRIENDS OF THE LIBRARY'S MISSION IS TO ADVANCE INTELLECTUAL AND CULTURAL EXCELLENCE ON OUR CAMPUS AND THROUGHOUT THE COMMUNITY. PART OF THAT MISSION INCLUDES ENHANCING THE HOLDINGS IN SPECIAL COLLECTIONS AT THE MARLENE AND NATHAN ADDLESTONE LIBRARY. SPECIAL COLLECTIONS IS COMPRISED OF RARE AND VALUABLE BOOKS, MANUSCRIPTS, AND OTHER COLLECTIBLES THAT SUPPORT RESEARCH BY STUDENTS, FACULTY, AND VISITING SCHOLARS. IN RECENT YEARS, SPECIAL COLLECTIONS STAFF IDENTIFIED SEVERAL SIGNIFICANT TITLES THAT WOULD BE STRATEGIC ACQUISITIONS TO CURRENT COLLECTIONS. THE STAFF WAS ABLE TO SECURE THESE ACQUISITIONS AND TO DATE ALL HAVE BEEN USED BY STUDENTS OR FACULTY FOR RESEARCH PAPERS AS PART OF SEVERAL ACADEMIC COURSES TAUGHT AT THE COLLEGE OF CHARLESTON. THESE ACQUISITIONS WOULD NOT HAVE BEEN POSSIBLE WITHOUT PRIVATE SUPPORT. THE IMPACT OF THESE TITLES ON THE ENTIRE CAMPUS AND THE COMMUNITY IS ENDLESS AND IMMEASURABLE. IN TIME, WITH SUPPORT OF THE FRIENDS OF THE LIBRARY, THE STAFF IN SPECIAL COLLECTIONS HOPES TO CONTINUOUSLY GROW THE COLLECTIONS IN THE SAME MANNER. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 600 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING FUNDS ESTABLISHED BY DONORS TO PROVIDE ANNUAL FUNDING FOR SPECIFIC ACTIVITIES AND GENERAL OPERATIONS, AND CERTAIN NET ASSETS WITHOUT DONOR RESTRICTIONS THAT HAVE BEEN DESIGNATED FOR ENDOWMENT BY THE BOARD OF DIRECTORS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS AND THE FOUNDATION'S INTERPRETATION OF RELEVANT LAW PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE FOUNDATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2022. CONTRIBUTIONS MADE TO THE FOUNDATION QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 509(A)(1) AND 170(B)(1)(A)(IV) OF THE INTERNAL REVENUE CODE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PROMISES TO GIVE -433,678. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -23,951. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF MARINE GENOMICS GRANT -151,152. EUROPE 1 0 PROGRAM SERVICE A PROPERTY IN TRUJILLO, SPAIN, WAS DONATED TO THE COLLEGE OF CHARLESTON FOR USE IN THE STUDY ABROAD PROGRAM. THE PROPERTY IS NOW BEING USED AS THE RESIDENCE FOR THE PROFESSORS INVOLVED IN THIS PROGRAM. THE FOUNDATION'S DUTY IS TO MAINTAIN AND MANAGE THE PROPERTY. 59100 0 0 0 0 0 0 59100 0 59100 1 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 COLLEGE OF CHARLESTON 66 GEORGE ST CHARLESTON SC 29424 576000265 IRC 115 3926112 0 COLLEGE OF CHARLESTON: GRANTS PROVIDED TO THE COLLEGE OF CHARLESTON ARE USED TO PROMOTE PROGRAMS OF EDUCATION, RESEARCH, STUDENT DEVELOPMENT, AND FACULTY DEVELOPMENT IN ACCORDANCE WITH THE MISSION STATEMENT OF THE FOUNDATION. COLLEGE OF CHARLESTON ALUMNI ASSOCIATION PO BOX 20216 CHARLESTON SC 29413 570760038 501C3 150000 0 COLLEGE OF CHARLESTON ALUMNI ASSOCIATION: PER A MEMORANDUM OF UNDERSTANDING (MOU) WITH THE ALUMNI ASSOCIATION OF THE COLLEGE OF CHARLESTON, THE COLLEGE OF CHARLESTON FOUNDATION SHALL PROVIDE AN AGREED UPON AMOUNT OF ANNUAL SUPPORT TO ENHANCE ALUMNI ENGAGEMENT AND PROGRAMS, WITH PAYMENTS DUE AT THE BEGINNING OF EACH QUARTER. THE MOU WAS EXECUTED ON DECEMBER 7, 2012 AND EFFECTIVE RETROACTIVELY TO JULY 1, 2012 FOR A THREE-YEAR PERIOD WITH THE APPROVAL OF THE FOUNDATION BOARD OF DIRECTORS AND THE ALUMNI ASSOCIATION BOARD OF DIRECTORS. THE MOU WAS RENIGOTIATED IN 2015 FOR AN ADDITIONAL THREE YEARS. FOR THE FISCAL YEAR JULY 1, 2019 - JUNE 30, 2022 THE FOUNDATION PAID THE ALUMNI ASSOCIATION $150,000 IN ACCORDANCE WITH THE MOU. COLLEGE OF CHARLESTON COUGAR CLUB 307 MEETING ST CHARLESTON SC 29401 570640443 501C3 219515 0 COLLEGE OF CHARLESTON COUGAR CLUB: OPERATIONAL SUPPORT 3 ACADEMIC & ACHIEVEMENT AWARDS 339 388476 PART I, LINE 2: GRANTS TO ORGANIZATIONS: THROUGH ITS REPRESENTATIVES ON THE ALUMNI BOARD AND THE COUGAR CLUB BOARD, THE FOUNDATION IS ABLE TO MONITOR FINANCIAL AND PROGRAM ACTIVITY FOR EACH OF THESE RESPECTIVE ORGANIZATIONS. WITH REGARD TO THE COLLEGE OF CHARLESTON, THE FOUNDATION WAS ESTABLISHED TO PROMOTE PROGRAMS OF EDUCATION, RESEARCH, STUDENT DEVELOPMENT, AND FACULTY DEVELOPMENT FOR THE EXCLUSIVE BENEFIT OF THE COLLEGE OF CHARLESTON. IN ADDITION, THE FOUNDATION AND THE COLLEGE OF CHARLESTON HAVE EXECUTED A MEMORANDUM OF AGREEMENT TO GUIDE EXPECTATIONS BETWEEN THE TWO ORGANIZATIONS. GRANTS/ASSISTANCE TO INDIVIDUALS: ACADEMIC & ACHEIVEMENT AWARDS ARE DISTRIBUTED BASED ON SPECIFIC CRITERIA ESTABLISHED IN DONOR GIFT AGREEMENTS AS WELL AS BY ACADEMIC UNITS AT THE COLLEGE OF CHARLESTON. THE ACADEMIC UNITS ARE RESPONSIBLE FOR SELECTING RECIPIENTS BASED ON ESTABLISHED CRITERIA. STUDENT EMERGENCY ASSISTANCE IS PROVIDED BASED ON AN APPLICATION PROCESS MANAGED BY THE COLLEGE OF CHARLESTON DIVISION OF STUDENT AFFAIRS, WHO SHALL SUBMIT APPROVED REQUESTS TO THE FOUNDATION FOR DISTRIBUTION TO A STUDENT. X X X X 0 0 0 0 0 0 0 0 0 MR ANDREW HSU PRESIDENT, COFC 207420 237733 0 0 0 74650 0 0 0 0 207420 312383 0 0 MR CHRISTOPHER R TOBIN FORMER EVP-COFC, EXC DIR OF FOUNDATI 249096 121397 0 0 0 27291 0 0 0 0 249096 148688 0 0 DR ALAN SHAO DEAN, SCHOOL OF BUSINESS - COFC 61800 265417 0 0 0 59440 0 0 0 0 61800 324857 0 0 MS SUZANNE AUSTIN PROVOST, COFC 100000 230684 0 0 0 52010 0 0 0 0 100000 282694 0 0 MS CATHY MAHON INTERIM EVP-COFC, EXC DIR OF FOUNDAT 0 153019 0 0 0 34965 0 0 0 0 0 187984 0 0 MS DEBYE ALDERMAN EXECUTIVE DIRECTOR OF FINANCE AND AD 0 124666 0 0 0 25551 0 0 0 0 0 150217 0 0 X 1 9100 FAIR MARKET VALUE X 75000 FAIR MARKET VALUE X 38 2662441 FAIR MARKET VALUE X 2 277715 FAIR MARKET VALUE X 2 55500 FAIR MARKET VALUE X GRAND PIANO 1 8500 FAIR MARKET VALUE X EQUIPMENT 1 4500 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE RETURN WAS PREPARED BY AN INDEPENDENT ACCOUNTANT WITH ASSISTANCE AND OVERSIGHT BY MANAGEMENT. THE FULL BOARD WAS PROVIDED A LINK TO ACCESS THE COMPLETE FORM 990, ONLINE, PRIOR TO THE PRESENTATION TO THE MEMBERS OF THE AUDIT COMMITTEE. THE FORM 990 IS FILED WITH THE IRS FOLLOWING THE BOARD REVIEW ONLINE. THE AUDIT AND FINANCE COMMITTEES MEMBERS REVIEW THE FORM AND SUPPORTING SCHEDULES. FOLLOWING REVIEW BY THE COMMITTEES, THE CHAIR OF THE AUDIT COMMITTEE PRESENTS A SUMMARY REVIEW OF THE 990 TO THE BOARD. THE BOARD DOCUMENTS THIS REVIEW IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY ALONG WITH A QUESTIONNAIRE IS DISTRIBUTED ANNUALLY TO EACH BOARD MEMBER. BOARD MEMBERS COMPLETE THE QUESTIONNAIRES AND RETURN THEM TO THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION'S EMPLOYEES ARE HIRED AND PAID BY THE COLLEGE OF CHARLESTON. THE FOUNDATION THEN REIMBURSES THE COLLEGE FOR PORTIONS OF THE EMPLOYEES' SALARY COSTS. THE HIRING PROCESS IS MONITORED BY THE HUMAN RESOURCES DEPARTMENT OF THE COLLEGE OF CHARLESTON AND IS SUBJECT TO THE COLLEGE'S POLICIES AND PROCEDURES. IN RECENT YEARS WHEN HIRING OFFICERS AND KEY EMPLOYEES, THE COLLEGE HAS CONTRACTED WITH AN OUTSIDE EXECUTIVE SEARCH FIRM WHO ASSISTS IN LOCATING AND INTERVIEWING CANDIDATES. THE FOUNDATION CONSULTS WITH THE SEARCH FIRM AND USES THE FIRM'S EXPERIENCE AND EXPERTISE IN DETERMINING COMPENSATION PACKAGES FOR THESE INDIVIDUALS THAT ARE COMPARABLE TO THOSE OF SIMILAR ORGANIZATIONS. COMPENSATION FOR THE TOP EXECUTIVE, THE EXECUTIVE DIRECTOR OF THE FOUNDATION, IS APPROVED BY THE CHAIR OF THE BOARD, PRIOR TO HIRING. FORM 990, PART VI, SECTION C, LINE 18 PHOTOCOPIES OF THE FORM 990 ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ACCOUNTING OFFICE. IN ADDITION, RECENT FILINGS OF THE FORM 990 ARE AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG AND ON THE FOUNDATION'S WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE FOUNDATION'S WEBSITE AND UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICES. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST -23,951. CHANGE IN ALLOWANCE OF UNCOLLECTIBLE PROMISES TO GIVE -433,678. CHANGE IN VALUE OF MARINE GENOMICS GRANT 151,152. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE IN THE FOUNDATION'S OVERSIGHT OR SELECTION PROCESSES FROM PRIOR YEARS. 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