2020-07-15T15:19:32-05:00 2019-06-30 580692043 MAULDIN & JENKINS LLC 508 HAMPTON STREET COLUMBIA SC 29201 990 2018-07-01 237042391 UNIVERSITY OF SOUTH CAROLINA BUSINESS PARTNERSHIP FOUNDATION UNIV 8037774724 1014 GREENE STREET COLUMBIA SC 29208 DAVID F PARKER VICE PRESIDENT 8037774724 2020-07-13 1 MICHELLE CHAPMAN CPA P01263095 8037995810 2020-05-20 50.192.51.169 2020-07-13 10:14:21 ED P 4EFF8A870DA223D0F4199F296341DB3BFBE9031B E6E8CAB92A1441F390F77F8C6FC4C3FB4C33DB79 2018 2021-01-29 14:40:06Z DAVID F PARKER 1014 GREENE STREET COLUMBIA SC 29208 13744185 0 X N/A X 1969 SC TO ESTABLISH CONTINUING PARTNERSHIP BETWEEN UNIVERSITY OF SOUTH CAROLINA AND THE BUSINESS COMMUNITY FOR THE ENHANCEMENT AND IMPROVEMENT OF THE COLLEGE OF BUSINESS ADMINISTRATION. TO SOLICIT AND RECEIVE GIFTS SUBJECT TO CONDITIONS IMPOSED THEREON FOR THE BENEFIT OF THE COLLEGE OF BUSINESS ADMINISTRATION. TO BUILD AN ENDOWMENT FUND AND SUPERVISE ITS CREATIVE MANAGEMENT. TO ASSIST DETERMINING APPROPRIATE PROJECTS AND TO BE FINANCED WITH FUNDS RAISED. TO ENCOURAGE AND ASSIST IN SUPPORTING RESEARCH IN BUSINESS AND ECONOMIC PROBLEMS. TO ASSIST IN CONDUCTING CONFERENCES FOR EDUCATION AND DEVELOPMENT OF MANAGEMENT PERSONNEL WORLDWIDE. 15 15 4 0 0 0 5495349 2873643 3443020 4265071 4381994 6565217 109121 40254 13429484 13744185 3670012 4842845 0 0 397096 534576 0 0 0 3046850 3516865 7113958 8894286 6315526 4849899 109578017 113821219 1161044 1436764 108416973 112384455 X TO BUILD AN ENDOWMENT FUND AND SUPERVISE ITS CREATIVE MANAGEMENT. TO ASSIST DETERMINING APPROPRIATE PROJECTS AND TO BE FINANCED WITH FUNDS RAISED. TO ENCOURAGE AND ASSIST IN SUPPORTING RESEARCH IN BUSINESS AND ECONOMIC PROBLEMS. TO ASSIST IN CONDUCTING CONFERENCES FOR EDUCATION AND DEVELOPMENT OF MANAGEMENT PERSONNEL WORLDWIDE. 0 0 3869174 2391386 4290873 CONTINUING EDUCATION AND EDUCATIONAL PROGRAMS 761957 356287 4441 ACADEMIC SUPPORT 2029410 1957145 110 SCHOLARSHIPS AND STUDENT ASSISTANCE 1517799 138027 9901 EXTERNAL RELATIONS AND OTHER ACADEMIC PROGRAMS 1517799 138027 9901 8178340 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 97 0 1 4 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X X SHARON GAUSE 8037774724 1014 GREENE STREET COLUMBIA SC 29208 JIMMY E ADDISON TRUSTEE 1.00 X 0 0 0 MICHAEL R BRENAN CHAIR 1.00 X X 0 0 0 WALTER L DAVIS TRUSTEE 1.00 X 0 0 0 AC FENNELL III TRUSTEE 1.00 X 0 0 0 CHARLES W GARNETT VICE CHAIR 1.00 X X 0 0 0 STEVEN H GRIMSHAW TRUSTEE 1.00 X 0 0 0 IRIS N GRIFFIN TRUSTEE 1.00 X 0 0 0 JAMES H HODGES TRUSTEE 1.00 X 0 0 0 PAMELA P LACKEY TRUSTEE 1.00 X 0 0 0 FA LOWREY IMMEDIATE PAST CHAIR 1.00 X 0 0 0 REGINALD B MCKNIGHT TRUSTEE 1.00 X 0 0 0 MICHAEL J MIZEUR TREASURER 1.00 X X 0 0 0 D ROGER NANNEY TRUSTEE 1.00 X 0 0 0 DONALD R TOMLIN JR TRUSTEE 1.00 X 0 0 0 MACK I WHITTLE JR TRUSTEE 1.00 X 0 0 0 JEAN E DUKE PRESIDENT, SECRETARY 40.00 X 0 123750 28876 DAVID F PARKER VICE PRESIDENT 40.00 X 52884 0 0 RAY SMITH PRESIDENT CORPORATE SOLUTIONS 40.00 40.00 X 0 60000 12677 TIMOTHY CARROLL FORMER PRESIDENT CORPORATE SOLUTIONS 40.00 40.00 X 41171 99318 24661 94055 283068 66214 0 1 1 0 ARAMARK SERVICES INC PO BOX 7548 PHILADELPHIA PA 19101 CATERING FOOD SERVICES 249551 1 2873643 518838 2873643 CONTINUING EDUCATION FEES 900099 4255516 4255516 ACADEMIC SUPPORT 900099 9555 9555 4265071 1306723 1306723 35357 0 35357 35357 35357 5258494 0 5258494 5258494 5258494 OTHER INCOME 900099 4897 4897 4897 13744185 4305325 0 6565217 4842845 4842845 52884 52884 468932 468932 12760 12760 20102 10413 9689 28478 4274 24204 38976 38976 762951 740401 22550 165017 163018 1999 228690 189407 39283 1112 1112 152560 152511 49 459997 459679 318 6731 6231 500 35431 7088 28343 FOOD AND SUPPLIES 896573 894225 2348 AWARDS AND GIFTS 217799 217675 124 MEMBERSHIP DUES 184607 171770 12837 INTERNSHIPS 178687 178687 139154 139004 150 8894286 8178340 715946 0 3687232 9167329 4661154 358470 3345756 1863231 527906 716608 21209 16250 97274426 101633579 60334 65752 109578017 113821219 1161044 1436764 1161044 1436764 X 50102888 52996155 24618353 59388300 33695732 0 108416973 112384455 109578017 113821219 4849899 -882417 0 X X 0 1 X 1 0 X 3745940 2456676 1708840 5495349 2873643 16280448 3745940 2456676 1708840 5495349 2873643 16280448 895836 15384612 4023003 2828842 3088443 1052385 1306723 12299396 19381 4897 24278 28604122 15320987 0.53780 0.82360 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2014 AMOUNT: $ 0. 2015 AMOUNT: $ 0. 2016 AMOUNT: $ 0. 2017 AMOUNT: $ 19,381. 2018 AMOUNT: $ 4,897. SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: BENEFICIAL INTEREST IN CRUT DATE: 09/01/15 AMOUNT: 45000000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 96228080 299823 5611567 2731887 99407583 87079654 3382486 8621525 2855585 96228080 49694506 829274 8327753 28228121 87079654 50719931 521631 -1374289 172767 49694506 48408771 345003 2167113 200956 50719931 0.44000 0.34000 0.22000 0 0 0 POOLED EQUITIES/STOCKS 30919844 F POOLED MONEY FUNDS 640476 F POOLED MUTUAL FUNDS 68895898 F UNPOOLED CASH 174696 F UNPOOLED STOCKS 1002665 F 101633579 X 12861768 -882417 -882417 13744185 0 13744185 8894286 0 8894286 0 8894286 PART V, LINE 4: THE FOUNDATIONS ENDOWMENT CONSISTS OF APPROXIMATELY 160 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. PART X, LINE 2: MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. 1 UNIVERSITY OF SOUTH CAROLINA 1014 GREENE STREET COLUMBIA SC 29208 576001153 4842845 FMV SUPPORT DARLA MOORE BUSINESS SCHOOL 0 0 0 0 0 0 1 0 0 JEAN E DUKE PRESIDENT, SECRETARY 0 123750 0 0 0 0 0 25988 0 2889 0 152627 0 0 TIMOTHY CARROLL FORMER PRESIDENT CORPORATE SOLUTIONS 0 99318 0 0 41171 0 0 20857 0 3804 41171 123979 0 0 PART I, LINE 6 CORPORATE SOLUTIONS PROVIDES AN INCENTIVE COMPENSATION BENEFIT ON THE PROFITS GENERATED IN THE EXECUTIVE EDUCATION PROGRAM TO THE PRESIDENT. THE EXECUTIVE COMMITTEE OF CORPORATE SOLUTIONS LLC APPROVES THE ANNUAL INCENTIVE COMPENSATION. X 13 518838 STOCK MARKET 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE FOUNDATION'S BY-LAWS CREATES FIVE STANDING COMMITTEES: EXECUTIVE COMMITTEE, GOVERANCE COMMITTEE, AUDIT COMMITTEE, FINANCE COMMITTEE, AND EXTERNAL RELATIONS COMMITTEE. THE EXECUTIVE COMMITTE SHALL CONSIST OF THE CHAIR, VICE CHAIR, TREASURER AND ONE OTHER TRUSTEE APPOINTED BY THE CHAIR AND APPROVED BY THE FOUNDATION'S BOARD. THE DEAN OF THE DARLA MOORE SCHOOL OF BUSINESS SHALL SERVE ON THE EXECUTIVE COMMITTEE, EX OFFICIO, IN A NON-VOTING CAPACITY. THE CHAIR OF THE EXECUTIVE COMMITTEE SHALL AT ALL TIMES BE THE FOUNDATION'S BOARD CHAIR. THE EXECUTIVE COMMITTEE SHALL SUPERVISE THE BUSINESS OF THE FOUNDATION AND ASSIST IN THE DEVELOPMENT AND IMPLEMENTATION OF THE POLICIES OF THE FOUNDATION. IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD, THE EXECUTIVE COMMITTEE IS EMPOWERED AND HAS THE AUTHORITY TO TAKE ANY AND ALL ACTIONS TO MAKE ANY DECISION AS OTHERWISE PERMITTED BY THE BOARD AT ANY REGULAR AND SPECIAL MEETING EXCEPT FOR THE DECISIONS TO AMENDMENTS AND DISSOLUTION, AND WITH REGARD TO THE REMOVAL, ELECTION, OR APPOINTMENT OF ANY OFFICER OR TRUSTEE, ALL OF WHICH ACTIONS AND DECISION BEING RESERVED SOLELY FOR THE ACTION OF THE BOARD. FUTHERMORE, THE EXECUTIVE COMMITTEE MAY NOT TAKE ANY ACTION IN CONTRADICTION OR CONFLICT WITH, REVERSE, VETO, OR OVERRULE ANY EXPRESS, PRIOR ACTION OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL REPORT ON THE ACTIONS AND DECISIONS THAT IT TAKES TO THE BOARD IN A TIMELY MANNER. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION UTILIZES AN EXTERNAL AUDIT FIRM TO PREPARE THE FORM 990. THE VICE PRESIDENT EMAILS THE FORM 990 TO ALL THE TRUSTEES AS WELL AS THE AUDIT COMMITTEE PRIOR TO FILING THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ALL ORGANIZATION'S TRUSTEES AND OFFICERS HAVE SIGNED A CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 RECOMMENDATIONS ARE REVIEWED AND APPROVED BY THE ORGANIZATION'S GOVERNANCE COMMITTEE AND BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE AUDIT REPORT IS AVAILABLE VIA WEBSITE AND UPON REQUEST. IN ADDITION, THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE FOUNDATION'S AUDIT COMMITTEE REVIEWS THE AUDIT REPORT AND MEETS WITH THE CPA FIRM ON AN ANNUAL BASIS. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CORPORATE SOLUTIONS LLC 1014 GREENE STREET COLUMBIA SC 29208 462668105 TO FURTHER THE EXEMPT PURPOSES AND OBJECTIVES OF USC-BPF SC 4690849 6210608 UNIVERSITY OF SOUTH CAROLINA BUSINESS PARTNERSHIP FOUNDATION