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COLLEGE OF CHARLESTON FOUNDATION: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
COLLEGE OF CHARLESTON FOUNDATION (EIN 23-7069236)
Tax period
2018-07-01 to 2019-06-30
Filed
2020-02-14
IRS object ID
202040459349301679
Schema version
2018v3.1
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 ReturnHeader

FieldValueIRS element (for citing)
Return2020-02-14T13:49:10-06:00ReturnTs
Tax Period End2019-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN560747981PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DIXON HUGHES GOODMAN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1500 RIDGEFIELD COURTAddressLine1Txt
CityASHEVILLECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28806ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2018-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237069236EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1COLLEGE OF CHARLESTON FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCOLLBusinessNameControlTxt
Phone8439533130PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line166 GEORGE STREETAddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29424ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDEBYE ALDERMANPersonNm
Person TitleEXECUTIVE DIR. OF FINANCE AND ADMINPersonTitleTxt
Phone8439533130PhoneNum
Signature2020-02-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAMY BIBBYPreparerPersonNm
PTINP00445891PTIN
Phone8282542254PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address24.241.144.70IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-02-14IPDt
IP Tm12:20:21IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device Id48FB394F9AA065459641371F168D9F2AFFFBB473AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-09-22 18:59:49ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDEBYE ALDERMANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line166 GEORGE STREETAddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29424ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$24,081,656GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressGIVING.COFC.EDU/FOUNDATIONWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1970FormationYr
Legal Domicile StateSCLegalDomicileStateCd
Activity Or MissionTO PROMOTE EDUCATION, RESEARCH, AND DEVELOPMENT PROGRAMS FOR THE EXCLUSIVE BENEFIT OF THE COLLEGE OF CHARLESTONActivityOrMissionDesc
Voting Members Governing Body32VotingMembersGoverningBodyCnt
Voting Members Independent32VotingMembersIndependentCnt
Total Employee4TotalEmployeeCnt
Total Volunteers44TotalVolunteersCnt
Total Gross UBI-$80,695TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$80,695NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$14,325,917PYContributionsGrantsAmt
CY Contributions Grants$10,764,964CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$6,021,843PYInvestmentIncomeAmt
CY Investment Income$728,295CYInvestmentIncomeAmt
PY Other Revenue$1,110,918PYOtherRevenueAmt
CY Other Revenue$1,079,964CYOtherRevenueAmt
PY Total Revenue$21,458,678PYTotalRevenueAmt
CY Total Revenue$12,573,223CYTotalRevenueAmt
PY Grants And Similar Paid$5,523,613PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$4,356,481CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,124,339PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,246,030CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$146,362CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$1,683,471CYTotalFundraisingExpenseAmt
PY Other Expenses$3,455,307PYOtherExpensesAmt
CY Other Expenses$3,957,954CYOtherExpensesAmt
PY Total Expenses$11,103,259PYTotalExpensesAmt
CY Total Expenses$10,706,827CYTotalExpensesAmt
PY Revenues Less Expenses$10,355,419PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,866,396CYRevenuesLessExpensesAmt
Total Assets BOY$130,546,577TotalAssetsBOYAmt
Total Assets EOY$138,344,731TotalAssetsEOYAmt
Total Liabilities BOY$2,348,592TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,719,012TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$128,197,985NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$136,625,719NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE 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.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$5,237,880ExpenseAmt
Grant$4,080,985GrantAmt
DescSEE SCHEDULE O FOR A COMPLETE DESCRIPTION OF OUR ACCOMPLISHMENTSTHE COLLEGE OF CHARLESTON FOUNDATION, WHICH FOR NEARLY 50 YEARS HAS BEEN DEDICATED TO SUPPORTING THE COLLEGE OF CHARLESTON, RECEIVED $15.8 MILLION IN NEW COMMITMENTS IN FISCAL YEAR 2018-2019 TO ADVANCE THE COLLEGE'S MISSION. SEVERAL POINTS OF PRIDE EMERGE FROM OUR FY19 ACCOMPLISHMENTS: - MORE THAN 6,000 UNIQUE DONORS- THREE GIFTS OF $1 MILLION OR MORE- $10.74 MILLION ACHIEVED THROUGH GIFTS OF $50,000 OR MORE- $2.34 MILLION GARNERED THROUGH ANNUAL GIVING PROGRAMS (UNRESTRICTED AND RESTRICTED ANNUAL GIVING FUNDS)- $5.28 MILLION SECURED IN PLANNED GIFTS, WITH THE NUMBER OF NEW ESTATE INTENTIONS INCREASING BY NEARLY 10%- ALUMNI CONTINUE TO BE OUR LARGEST DONOR CONSTITUENCY TO THE UNRESTRICTED COLLEGE OF CHARLESTON FUND, CONTRIBUTING 54.7% PERCENT OF ALL COMMITMENTS- GIFTS FROM PARENTS OF CURRENT COLLEGE OF CHARLESTON STUDENTS INCREASED BY 12.3%MANY INITIATIVES ARE PRIORITIZED EACH YEAR, FROM ATHLETIC AND UNRESTRICTED FUNDS TO DEPARTMENT-BASED AND FACULTY RESEARCH FUNDS. SCHOLARSHIPS RESONATE WITH A MAJORITY OF OUR DONORS, AS THEY PROVIDE DIRECT AND IMMEDIATE IMPACT ON THE STUDENT EXPERIENCE. APPROXIMATELY 972 STUDENTS RECEIVED SCHOLARSHIP FUNDING THROUGH THE FOUNDATION LAST YEAR (NEARLY A 14% INCREASE FROM LAST YEAR), TOTALING NEARLY $3.6 MILLION IN PRIVATELY FUNDED AWARDS.THE STORIES OF INSPIRATION AND MOTIVATION NO MATTER WHAT THE GIFT SIZE THAT TAKE PLACE BEHIND THE FIGURES OF DOLLARS AND DONORS SHOWCASES HOW GIVING IMPACTS THE COLLEGE OF CHARLESTON CAMPUS. FOLLOWING ARE EXAMPLES OF COMMITMENTS THAT ATTEST TO THE HIGH QUALITY EDUCATION AND CAMPUS EXPERIENCE THAT THE COLLEGE PROVIDES.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$3,107,893ExpenseAmt
Grant$275,496GrantAmt
DescSEE SCHEDULE O FOR A COMPLETE DESCRIPTION OF OUR ACCOMPLISHMENTSSCHOLARSHIPS AND AWARDS:AUGUST "TAV" SWARAT, A MEMBER OF THE COLLEGE'S BOARD OF TRUSTEES, INCREASED HIS INITIAL ESTATE INTENTION FROM $50,000 TO $250,000 IN HONOR OF THE COLLEGE'S UPCOMING 250TH CELEBRATION. THIS GIFT WILL GO TO THE AUGUST G. SWARAT II ENDOWED LEADERSHIP AWARD, SERVING STUDENTS WHO DEMONSTRATE STRONG LEADERSHIP ABILITIES MUCH LIKE TAV DID WHEN HE WAS A STUDENT. ALUMNA LAURA BLANCHARD CREATED THE BLANCHARD-LINDNER ENDOWED ALUMNI SCHOLARSHIP FUND TO PROVIDE SCHOLARSHIPS TO STUDENTS FROM CHARLESTON COUNTY PUBLIC SCHOOLS OR BISHOP ENGLAND HIGH SCHOOL WHO HAVE DEMONSTRATED FINANCIAL NEED. WITH A $125,000 PLEDGE, MS. BLANCHARD IS HOPING TO HONOR GENERATIONS OF COLLEGE OF CHARLESTON GRADUATES IN HER FAMILY BY PROVIDING ASSISTANCE TO DESERVING STUDENTS. IN RECOGNITION OF HIS SERVICE AND LEADERSHIP AS OUR INTERIM PRESIDENT, AN ANONYMOUS DONOR PLEDGED $50,000 THROUGH THEIR ESTATE TO ESTABLISH THE STEPHEN C. OSBORNE LEADERSHIP ENDOWED SCHOLARSHIP.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
DescSEE SCHEDULE ODesc
FieldValueIRS element (for citing)
Total Program Service Expenses$8,345,773TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of ArtYes (1)CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent EndowmentsYes (1)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related InvstYes (1)ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional FundraisingYes (1)ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art ContributionYes (1)DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgYes (1)TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document244IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee4EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members32GoverningBodyVotingMembersCnt
Independent Voting Member32IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint VentureYes (1)InvestmentInJointVentureInd
Written Policy Or ProcedureYes (1)WrittenPolicyOrProcedureInd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DEBYE ALDERMANBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8439537458PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line166 GEORGE STAddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29424ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (36 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
JEFFREY E KINARD
CHAIR1.00Yes (X)Yes (X)$0$0$0
PEGGY BOYKIN
VICE CHAIR1.00Yes (X)Yes (X)$0$0$0
STEPHEN R KERRIGAN
TREASURER1.00Yes (X)Yes (X)$0$0$0
WILLIAM GLEN BROWN JR
SECRETARY1.00Yes (X)Yes (X)$0$0$0
AMY L HEYEL
DIRECTOR1.00Yes (X)$0$0$0
DAVID CROWLEY
DIRECTOR1.00Yes (X)$0$0$0
CAROLYN KNIGHT TONNEY
DIRECTOR1.00Yes (X)$0$0$0
CRAIG ENEY
DIRECTOR1.00Yes (X)$0$0$0
DR CHARLES S MOSTELLER
DIRECTOR1.00Yes (X)$0$0$0
DR NEIL W DRAISIN
DIRECTOR1.00Yes (X)$0$0$0
DR SAM STAFFORD III
DIRECTOR1.00Yes (X)$0$0$0
ERIC COX
DIRECTOR1.00Yes (X)$0$0$0
FLEETWOOD S HASSELL
DIRECTOR1.00Yes (X)$0$0$0
H CHAPMAN MCKAY
DIRECTOR1.00Yes (X)$0$0$0
HILTON SMITH JR
DIRECTOR1.00Yes (X)$0$0$0
LESLIE GAMBEE
DIRECTOR1.00Yes (X)$0$0$0
JEAN W JOHNSON
DIRECTOR1.00Yes (X)$0$0$0
JESSICA GIBADLO
DIRECTOR1.00Yes (X)$0$0$0
JOHN CARTER JR
DIRECTOR1.00Yes (X)$0$0$0
JUSTIN R MCLAIN
DIRECTOR1.00Yes (X)$0$0$0
LAURA RICCIARDELLI
DIRECTOR1.00Yes (X)$0$0$0
LISA BURBAGE
DIRECTOR1.00Yes (X)$0$0$0
PATRICIA ORY
DIRECTOR1.00Yes (X)$0$0$0
REBA KINNE HUGE
DIRECTOR1.00Yes (X)$0$0$0
SCOTT A CRACRAFT SR
DIRECTOR1.00Yes (X)$0$0$0
SHERRIE SNIPES-WILLIAMS
DIRECTOR1.00Yes (X)$0$0$0
THEODORE HOWIE JR
DIRECTOR1.00Yes (X)$0$0$0
TINA CUNDARI
DIRECTOR1.00Yes (X)$0$0$0
TOMI G YOUNGBLOOD
DIRECTOR1.00Yes (X)$0$0$0
RALLIS PAPPAS
DIRECTOR1.00Yes (X)$0$0$0
MICHAEL RENAULT
DIRECTOR1.00Yes (X)$0$0$0
R KEITH SAULS
DIRECTOR1.00Yes (X)$0$0$0
DEBYE ALDERMAN
EXC DIR OF FINANCE20.00Yes (X)$0$105,801$75220.00
CHRIS TOBIN
EVP-COFC/EXC DIR OF FOUNDA20.00Yes (X)$49,270$181,806$4,81320.00
STEVE OSBORNE
PRESIDENT OF COFC20.00$50,833$179,473$5,82920.00Yes (X)
DR ALAN SHAO
DEAN, SCHOOL OF BUS. COFC10.00$61,800$260,611$3,56830.00Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$161,903TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$727,691TotReportableCompRltdOrgAmt
Total Other Compensation$14,962TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
ARAMARK
66 GEORGE STREETCHARLESTONSC29424CATERING SERVICES$467,320
BB&T FINANCIAL FSB
151 MEETING STREETCHARLESTONSC29401BANKING & FINANCIAL SERVICES$224,996
EDUCATION ADVISORY BOARD
PO BOX 603519CHARLOTTENC282603519CONSULTING$214,651
SHERIAR PRESS
3005 HIGHWAY 17 NORTH BYPASSMYRTLE BEACHSC29577PRINTING SERVICES$109,876
BLACKBAUD
PO BOX 930256ATLANTAGA311930256SOFTWARE$100,161
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt
Fundraising$11,234FundraisingAmt
All Other Contributions$10,753,730AllOtherContributionsAmt
Noncash Contributions$378,580NoncashContributionsAmt
Total Contributions$10,764,964TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,338,011TotalRevenueColumnAmt
Unrelated Business Revenue-$80,695UnrelatedBusinessRevenueAmt
Exclusion$1,418,706ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$695,491RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$695,491RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$695,491TotalRevenueColumnAmt
Exclusion$695,491ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$10,825,439SecuritiesAmt
Other$53,606OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$11,288,328SecuritiesAmt
Other$200,433OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$462,889SecuritiesAmt
Other-$146,827OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$609,716TotalRevenueColumnAmt
Exclusion-$609,716ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$3,075FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$11,234ContriRptFundraisingEventAmt
Fundraising Direct Expenses$19,672FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$16,597TotalRevenueColumnAmt
Exclusion-$16,597ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$55GrossSalesOfInventoryAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$55TotalRevenueColumnAmt
Exclusion$55ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
OTHER REVENUE900099$392,811$392,811
LICENSE TAG INCOME900099$8,204$8,204
FieldValueIRS element (for citing)
Other Revenue Total$401,015OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,573,223TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$80,695UnrelatedBusinessRevenueAmt
Exclusion$1,888,954ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$4,080,985TotalAmt
Program Services$4,080,985ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$275,496TotalAmt
Program Services$275,496ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$90,623TotalAmt
Program Services$88,957ProgramServicesAmt
Management And General$833ManagementAndGeneralAmt
Fundraising$833FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,711,733TotalAmt
Program Services$810,029ProgramServicesAmt
Management And General$213,928ManagementAndGeneralAmt
Fundraising$687,776FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$372,585TotalAmt
Program Services$185,839ProgramServicesAmt
Management And General$44,396ManagementAndGeneralAmt
Fundraising$142,350FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$71,089TotalAmt
Program Services$35,458ProgramServicesAmt
Management And General$8,471ManagementAndGeneralAmt
Fundraising$27,160FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$19,724TotalAmt
Program Services$2,128ProgramServicesAmt
Management And General$17,596ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$146,362TotalAmt
Fundraising$146,362FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$35,133TotalAmt
Management And General$3,736ManagementAndGeneralAmt
Fundraising$31,397FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$526,900TotalAmt
Program Services$426,060ProgramServicesAmt
Management And General$71,826ManagementAndGeneralAmt
Fundraising$29,014FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$76,260TotalAmt
Program Services$64,936ProgramServicesAmt
Management And General$5,110ManagementAndGeneralAmt
Fundraising$6,214FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$821,035TotalAmt
Program Services$620,817ProgramServicesAmt
Management And General$24,821ManagementAndGeneralAmt
Fundraising$175,397FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$240,586TotalAmt
Program Services$9,059ProgramServicesAmt
Management And General$21,711ManagementAndGeneralAmt
Fundraising$209,816FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$244,768TotalAmt
Program Services$136,729ProgramServicesAmt
Management And General$108,039ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$593,544TotalAmt
Program Services$480,259ProgramServicesAmt
Management And General$16,703ManagementAndGeneralAmt
Fundraising$96,582FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$893,865TotalAmt
Program Services$744,123ProgramServicesAmt
Management And General$43,800ManagementAndGeneralAmt
Fundraising$105,942FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$243,649TotalAmt
Program Services$173,615ProgramServicesAmt
Management And General$67,626ManagementAndGeneralAmt
Fundraising$2,408FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$20,292TotalAmt
Management And General$20,292ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
MISCELLANEOUS EXPENSE$79,047$73,389$1,170$4,488
PROFESSIONAL DEVELOPMEN$61,350$38,423$7,525$15,402
RECRUITMENT$52,724$50,394$2,330
STUDENT DEVELOPMENT$49,077$49,077

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$10,706,827TotalAmt
Program Services$8,345,773ProgramServicesAmt
Management And General$677,583ManagementAndGeneralAmt
Fundraising$1,683,471FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$426,609BOYAmt
EOY$562,148EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$7,492,423BOYAmt
EOY$6,861,492EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$849,122BOYAmt
EOY$872,628EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$26,721BOYAmt
EOY$26,301EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$203,421BOYAmt
EOY$75,936EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$9,225,538LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$3,628,214LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$5,581,578BOYAmt
EOY$5,597,324EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$30,047,877BOYAmt
EOY$31,962,946EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$76,973,919BOYAmt
EOY$83,221,629EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$8,861,178BOYAmt
EOY$9,080,598EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$83,729BOYAmt
EOY$83,729EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$130,546,577BOYAmt
EOY$138,344,731EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$106,303BOYAmt
EOY$69,984EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$1,311,320BOYAmt
EOY$1,343,942EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$930,969BOYAmt
EOY$305,086EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,348,592BOYAmt
EOY$1,719,012EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$14,199,014BOYAmt
EOY$14,323,603EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$54,292,090BOYAmt
EOY$57,351,733EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$59,706,881BOYAmt
EOY$64,950,383EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$128,197,985BOYAmt
EOY$136,625,719EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$130,546,577BOYAmt
EOY$138,344,731EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$1,866,396ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$6,534,930NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$26,408OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
College OrganizationYes (X)CollegeOrganizationInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$10,998,272CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$13,535,830CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,811,420CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$14,325,917CurrentTaxYearMinus1YearAmt
Current Tax Year$10,764,964CurrentTaxYearAmt
Total$58,436,403TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$10,998,272CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$13,535,830CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,811,420CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$14,325,917CurrentTaxYearMinus1YearAmt
Current Tax Year$10,764,964CurrentTaxYearAmt
Total$58,436,403TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$4,955,796SubstantialContributorsTotAmt
Public Support Total170$53,480,607PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,011,285CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,686,079CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,826,180CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,843,678CurrentTaxYearMinus1YearAmt
Current Tax Year$2,033,502CurrentTaxYearAmt
Total$9,400,724TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$292,214CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$442,534CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$425,566CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$404,991CurrentTaxYearMinus1YearAmt
Current Tax Year$401,070CurrentTaxYearAmt
Total$1,966,375TotalAmt
FieldValueIRS element (for citing)
Total Support$69,803,502TotalSupportAmt
Gross Receipts Rltd Activities$2,126GrossReceiptsRltdActivitiesAmt
Public Support CY1700.76620PublicSupportCY170Pct
Public Support PY1700.72290PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

FieldValueIRS element (for citing)
Revenues Included$219,420RevenuesIncludedAmt
Assets Included$9,080,598AssetsIncludedAmt
FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Solicited Assets Sale0SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$89,204,537BeginningYearBalanceAmt
Contributions$4,981,129ContributionsAmt
Investment Earnings Or Losses$6,720,991InvestmentEarningsOrLossesAmt
Other Expenditures$3,709,667OtherExpendituresAmt
End Year Balance$97,196,990EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$77,346,847BeginningYearBalanceAmt
Contributions$8,488,149ContributionsAmt
Investment Earnings Or Losses$6,991,948InvestmentEarningsOrLossesAmt
Other Expenditures$3,622,407OtherExpendituresAmt
End Year Balance$89,204,537EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$55,908,235BeginningYearBalanceAmt
Contributions$16,272,153ContributionsAmt
Investment Earnings Or Losses$8,052,113InvestmentEarningsOrLossesAmt
Other Expenditures$2,885,654OtherExpendituresAmt
End Year Balance$77,346,847EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$55,207,742BeginningYearBalanceAmt
Contributions$3,044,325ContributionsAmt
Investment Earnings Or Losses-$79,057InvestmentEarningsOrLossesAmt
Other Expenditures$2,264,775OtherExpendituresAmt
End Year Balance$55,908,235EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$54,697,754BeginningYearBalanceAmt
Contributions$1,840,136ContributionsAmt
Investment Earnings Or Losses$1,012,339InvestmentEarningsOrLossesAmt
Other Expenditures$2,342,487OtherExpendituresAmt
End Year Balance$55,207,742EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.07370BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.92630PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,665,943OtherCostOrOtherBasisAmt
Book Value$3,665,943BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,249,254OtherCostOrOtherBasisAmt
Depreciation$2,125,461DepreciationAmt
Book Value$123,793BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,651,963OtherCostOrOtherBasisAmt
Depreciation$1,154,240DepreciationAmt
Book Value$497,723BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,658,378OtherCostOrOtherBasisAmt
Depreciation$348,513DepreciationAmt
Book Value$1,309,865BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$5,597,324TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescTIFF KEYSTONE FUNDDesc
Book Value$83,221,629BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$83,221,629TotalBookValueSecuritiesAmt

Invst Program Related Org InvstProgramRelatedOrgGrp

FieldValueIRS element (for citing)
DescCOLLECTIONS OF ART AND HISTORICAL TREASURESDesc
Book Value$9,080,598BookValueAmt
Method ValuationCMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Program Rltd$9,080,598TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
ANNUITIES PAYABLE$55,086
LINE OF CREDIT$250,000
FieldValueIRS element (for citing)
Total Liability$305,086TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$19,214,095TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$6,534,930NetUnrealizedGainsInvstAmt
Other Revenue$78,702OtherRevenueAmt
Revenue Not Reported$6,613,632RevenueNotReportedAmt
Revenue Subtotal$12,600,463RevenueSubtotalAmt
Investment Expenses Not Incld-$27,240InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt-$27,240RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$12,573,223TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$10,786,361TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$52,294OtherExpensesIncludedAmt
Expenses Not Reported$52,294ExpensesNotReportedAmt
Expenses Subtotal$10,734,067ExpensesSubtotalAmt
Investment Expenses Not Incld2-$27,240InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt-$27,240ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$10,706,827TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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 605 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED PERPETUAL ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES OF AMERICA, 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.
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, 2019. 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:FUNDRAISING EXPENSES INCLUDED IN REVENUE 19,672. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PROMISES TO GIVE 29,799. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 29,231.
PART XII, LINE 2D - OTHER ADJUSTMENTS:FUNDRAISING EXPENSES INCLUDED IN REVENUE 19,672. CHANGE IN VALUE OF MARINE GENOMICS GRANT 32,622.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp

FieldValueIRS element (for citing)
RegionEUROPERegionTxt
Offices1OfficesCnt
Employee0EmployeeCnt
Type Of Activities ConductedPROGRAM SERVICETypeOfActivitiesConductedTxt
Specific Services ProvidedA 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.SpecificServicesProvidedTxt
Region Total Expenditures$50,750RegionTotalExpendituresAmt
FieldValueIRS element (for citing)
Subtotal Offices1SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office1TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$50,750SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$50,750TotalSpentAmt
Transfer To Foreign Corp0TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp Ownership0ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Agrmt Prof Fundraising Acty0AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp

Organization Business Name OrganizationBusinessName

FieldValueIRS element (for citing)
Business Name Line1EABBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12445 M ST NWAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20037ZIPCd
FieldValueIRS element (for citing)
ActivityDIRECT MAIL/EMAILActivityTxt
Fundraiser Control Of Funds0FundraiserControlOfFundsInd
Gross Receipts$277,000GrossReceiptsAmt
Retained By Contractor$146,362RetainedByContractorAmt
Net To Organization$130,638NetToOrganizationAmt
FieldValueIRS element (for citing)
Total Gross Receipts$277,000TotalGrossReceiptsAmt
Total Retained By Contractors$146,362TotalRetainedByContractorsAmt
Total Net To Organization$130,638TotalNetToOrganizationAmt

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1YES, I'M A FEMINISTEvent1Nm
Gross Receipts Event1$7,745GrossReceiptsEvent1Amt
Charitable Contri Event1$7,745CharitableContriEvent1Amt
Other Direct Expenses Event1$8,437OtherDirectExpensesEvent1Amt
Event22019 GERMAN AMERICAN BUSINESS SUMMIEvent2Nm
Gross Receipts Event2$6,564GrossReceiptsEvent2Amt
Charitable Contri Event2$3,489CharitableContriEvent2Amt
Gross Revenue Event2$3,075GrossRevenueEvent2Amt
Other Direct Expenses Event2$11,235OtherDirectExpensesEvent2Amt
Gross Receipts Total$14,309GrossReceiptsTotalAmt
Charitable Contributions Tot$11,234CharitableContributionsTotAmt
Gross Revenue Total Events$3,075GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$19,672OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$19,672DirectExpenseSummaryEventsAmt
Net Income Summary-$16,597NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
COLLEGE OF CHARLESTON
66 GEORGE STCHARLESTONSC29424576000265IRC 115$3,788,903COLLEGE 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 20216CHARLESTONSC29413570760038501C3$125,000COLLEGE 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, 2018 - JUNE 30, 2019 THE FOUNDATION PAID THE ALUMNI ASSOCIATION $125,000 IN ACCORDANCE WITH THE MOU.
COLLEGE OF CHARLESTON COUGAR CLUB
307 MEETING STCHARLESTONSC29401570640443501C3$167,082COLLEGE OF CHARLESTON COUGAR CLUB: OPERATIONAL SUPPORT
FieldValueIRS element (for citing)
Total501c3 Org3Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeACADEMIC & ACHIEVEMENT AWARDSGrantTypeTxt
Recipient418RecipientCnt
Cash Grant$275,496CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationGRANTS 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.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Independent ConsultantYes (X)IndependentConsultantInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
CHRIS TOBIN
EVP-COFC/EXC DIR OF FOUNDA$49,270$181,806$0$0$0$0$0$0$0$4,813$49,270$186,619$0$0
STEVE OSBORNE
PRESIDENT OF COFC$50,833$179,473$0$0$0$0$0$0$0$5,829$50,833$185,302$0$0
DR ALAN SHAO
DEAN, SCHOOL OF BUS. COFC$61,800$260,611$0$0$0$0$0$0$0$3,568$61,800$264,179$0$0

Schedule M IRS990ScheduleM

Historical Artifacts HistoricalArtifactsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution8ContributionCnt
Noncash Contributions Rpt F990$219,420NoncashContributionsRptF990Amt
Method Of Determining RevenuesAPPRAISALMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (5 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)SOFTWARE1$54,000FAIR MARKET VALUE
Yes (X)HORSES1$29,000APPRAISAL
Yes (X)LEASEHOLD IMPROVEMENT SUPPLIES2$9,331FAIR MARKET VALUE
Yes (X)GRAND PIANO2$6,999FAIR MARKET VALUE
Yes (X)ORIENTAL RUG1$3,500FAIR MARKET VALUE
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 4CHONORS COLLEGE: THE HARRY AND REBA HUGE FOUNDATION CONTINUED THEIR SUPPORT OF THE HARRY AND REBA HUGE FOUNDATION HONORS PROGRAM FUND WITH A GIFT OF $100,000. SCHOOL OF SCIENCES AND MATHEMATICS: PARIS-BASED TECH COMPANY CAPGEMINI PLEDGED $60,000 TO THE COMPUTER SCIENCE FUND TO PARTICIPATE IN THE COMPASS RECRUITMENT PROGRAM, WHICH AIMS TO CONNECT JOB-SEEKING STUDENTS WITH COMPANIES BEFORE GRADUATION. IN LINE WITH THE SCHOOL OF SCIENCE AND MATHEMATICS' PUSH FOR STUDENTS TO PARTICIPATE IN EXPERIENTIAL LEARNING OPPORTUNITIES, GEL LABORATORIES LLC ESTABLISHED A NEED-BASED SCHOLARSHIP FOR CHEMISTRY MAJORS WITH A $20,000 GIFT. SCHOOL OF BUSINESS: ALUMNUS RICHARD MACLEAN PLEDGED $117,000 TO ESTABLISH THE MACLEAN BUSINESS "READY TO WORK" SCHOLARSHIP IN HOPES OF INSPIRING UNDECLARED RISING SOPHOMORE STUDENTS TO COMMIT TO AND EARN A DEGREE DESIGNATION IN THE SCHOOL OF BUSINESS. ANONYMOUS DONORS MADE A TRANSFORMATIVE $1,000,000 ESTATE COMMITMENT TO AN ENDOWED FAMILY SCHOLARSHIP WITHIN THE SCHOOL OF BUSINESS. FUTURE RECIPIENTS WILL HAVE AN OPPORTUNITY TO USE THESE FUNDS FOR FULL IMMERSION IN THE BUSINESS COMMUNITY THROUGH PROFESSIONAL DEVELOPMENT OPPORTUNITIES, MENTORSHIP PROGRAMS, AND FUNDS FOR OBSERVATIONAL TRAVEL. SCHOOL OF HUMANITIES AND SOCIAL SCIENCES: YOUNG ALUMNA LORI ATKINSON WILL SUPPORT THE COMMUNICATION DEPARTMENT FUND WITH A $120,000 GIFT FROM HER ESTATE. THESE FUNDS WILL BE USED AT THE DISCRETION OF THE DEPARTMENT CHAIR FOR SCHOLARSHIPS, STAFFING NEEDS, AND GENERAL PROGRAM SUPPORT. TOM MARTIN, A PROFESSOR IN THE DEPARTMENT OF COMMUNICATION, HAS CREATED THE MARTIN SCHOLARS PROGRAM TO RECOGNIZE AND DEVELOP STUDENTS MAJORING IN COMMUNICATION THROUGH PEER-LEADERSHIP, NETWORKING, AND MENTORSHIP OPPORTUNITIES. HE PLEDGED $200,000 TO START THE COHORT-STYLE PROGRAM. AN ANONYMOUS ALUMNI DONOR HAS PLEDGED $500,000 THROUGH THEIR ESTATE TO CREATE AN ENDOWMENT TO SUPPORT THE MASTER OF FINE ARTS PROGRAM. THE PROGRAM DIRECTOR WILL USE THESE FUNDS TO SUPPORT PROGRAMS, CURRICULUM, STUDENT LEARNING OPPORTUNITIES, EVENTS AND OTHER INITIATIVES THAT ADVANCE THE MISSION OF THE MFA PROGRAM. SCHOOL OF EDUCATION, HEALTH AND HUMAN PERFORMANCE: ALUMNUS MARK BUONO AND HIS WIFE JUDY ESTABLISHED THE TEACH LOCAL SCHOLARSHIP WITH A $200,000 GIFT IN HOPES OF FUNDING EDUCATIONAL OPPORTUNITIES FOR STUDENTS IN THE COLLEGE OF CHARLESTON EDUCATOR PREPARATION PROGRAM WITH DEMONSTRATED FINANCIAL NEED. TO ADDRESS THE TEACHER SHORTAGE IN CHARLESTON COUNTY SCHOOL DISTRICT, RECIPIENTS WILL SIGN A COMMITMENT FORM DEMONSTRATING THEIR INTENT TO TEACH IN CHARLESTON COUNTY FOR FOUR YEARS FOLLOWING GRADUATION. MARGARET HUMPHREYS, A FRIEND OF THE COLLEGE, ESTABLISHED THE PATHWAYS TO PEACE PARTNERSHIP FUND WITHIN THE COLLEGE'S N.E. MILES EARLY CHILDHOOD DEVELOPMENT CENTER TO ENHANCE THE EXISTING PARTNERSHIP BETWEEN ECDC AND MEMMINGER ELEMENTARY SCHOOL. FORMER LONGTIME DIRECTOR OF ECDC, MS. HUMPHREYS' GIFT WILL WORK TO SUPPORT THE PROGRAM'S HOLISTIC APPROACH TO EARLY CHILDHOOD EDUCATION IN THE CHARLESTON COMMUNITY. ANONYMOUS DONORS HAVE MADE AN ESTATE COMMITMENT OF $1,500,000 TO ESTABLISH A SCHOLARSHIP WHICH WILL SUPPORT STUDENT PARTICIPATION IN PUBLIC HEALTH INTERNSHIPS. LIBRARIES: FRIEND OF THE COLLEGE JANE GREELY MADE AN IN-KIND DONATION OF HER FAMILY MATERIALS DOCUMENTING 19TH CENTURY HISTORY AS IT RELATES TO SLAVERY, THE CIVIL WAR, JOHN GRIMBALL, JOHN JAMES AUDUBON, AND MORE. THIS GIFT IS NOW HOUSED IN THE COLLEGE OF CHARLESTON'S SPECIAL COLLECTIONS. SCHOOL OF THE ARTS: AN ANONYMOUS SUPPORTER HAS PLEDGED $1,000,000 THROUGH THEIR ESTATE TO CREATE AN ENDOWED FUND FOCUSING ON SCHOLARSHIPS AND PERFORMANCE SERIES' WITHIN THE DEPARTMENT OF MUSIC. SCHOOL OF PROFESSIONAL STUDIES: THE BOEING COMPANY MADE A GIFT OF $250,000 TO FUND SCHOLARSHIPS IN THE VETERANS FELLOWSHIP PROGRAM IN SUSTAINABLE FOOD SYSTEMS, CONTINUING THEIR LONG TRADITION OF SUPPORTING VETERANS AND MILITARY FAMILY MEMBERS. THROUGH THIS PROGRAM, STUDENTS WILL GAIN KNOWLEDGE AND PRACTICAL SKILLS NEEDED TO ESTABLISH AND MAINTAIN A SMALL BUSINESS IN FARMING OR FOOD PROCESSING. SCHOOL OF LANGUAGES, CULTURES, AND WORLD AFFAIRS: ALUMNUS RONALD C. PLUNKETT IS SUPPORTING THE IRISH AND IRISH AMERICAN STUDIES FUND THROUGH AN ESTATE COMMITMENT. THIS GIFT WILL PROVIDE SCHOLARSHIP AND PROGRAMMATIC SUPPORT FOR THIS PROGRAM HOUSED IN THE SCHOOL OF LANGUAGES, CULTURES, AND WORLD AFFAIRS. ATHLETICS: SUSI BEATTY '86 CONTINUED HER ANNUAL SUPPORT OF THE SUSI BEATTY BIG CAT SCHOLARSHIP WITH A GIFT OF $100,000. THE SCHOLARSHIP IS FOR STUDENT-ATHLETES WHO PARTICIPATE IN MEN'S AND WOMEN'S BASKETBALL AND SOFTBALL. MULTIDISCIPLINARY PROGRAMS: AS PART OF THE ONGOING RENOVATION OF THE HISTORIC SOTTILE THEATRE (FORMERLY THE GLORIA), PASTIME AMUSEMENTS PLEDGED $625,000 TOWARDS THE REFURBISHMENT OF THE TWO LARGE-SCALE, CLASSICALLY INSPIRED MURALS. THE FOUNDATION'S TRUSTEES, MARY ELLEN LONG WAY AND JOYCE CAROLYN LONG DARBY, ARE THE GRANDDAUGHTERS OF MR. ALBERT SOTTILE, FOR WHOM THE THEATRE IS NAMED. AN ANONYMOUS DONOR HAS PLEDGED $500,000 IN THEIR ESTATE TO SUPPORT THE COFC FUND UNRESTRICTED ENDOWMENT. PROVIDING FUNDS FOR THE COLLEGE'S MOST IMMEDIATE AND GREATEST NEEDS, THIS IS THE FIRST UNRESTRICTED ENDOWMENT OUTLINED IN A DONOR'S ESTATE. IN SUPPORT OF THE COLLEGE'S RACE AND SOCIAL JUSTICE INITIATIVE, AN ANONYMOUS DONOR HAS PLEDGED $150,000 TO BE SPENT ON SCHOLARSHIPS, PROGRAMS, AND STAFFING TO FURTHER ADVANCE THE MISSION OF THE COLLEGE OF CHARLESTON OF SERVING A DIVERSE STUDENT BODY.
FORM 990, PART VI, SECTION B, LINE 11BTHE 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 12CA 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 15THE 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 FOUNDATION IN COLLABORATION WITH THE COLLEGE OF CHARLESTON HAS CONTRACTED WITH OUTSIDE EXECUTIVE SEARCH FIRMS WHO ASSIST 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. COMPENSATION FOR KEY EMPLOYEES PAID BY THE FOUNDATION AND THE COLLEGE ARE APPROVED BY THE CHAIR OF THE COLLEGE BOARD OF TRUSTEES AS WELL AS THE FOUNDATION.
FORM 990, PART VI, SECTION C, LINE 18PHOTOCOPIES 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 19COPIES 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 29,231. CHANGE IN ALLOWANCE OF UNCOLLECTIBLE PROMISES TO GIVE 29,799. CHANGE IN VALUE OF MARINE GENOMICS GRANT -32,622.
FORM 990, PART XII, LINE 2C:THERE HAS BEEN NO CHANGE IN THE FOUNDATION'S OVERSIGHT OR SELECTION PROCESSES FROM PRIOR YEARS.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
BLACKLOCK HOUSE EDUCATIONAL HOLDINGS LLC
66 GEORGE STREETCHARLESTONSC29401HOLDS REAL ESTATE USED BY THE COLLEGE OF CHARLESTON FOR PROGRAMSSC$82,580$476,973COLLEGE OF CHARLESTON FOUNDATION
BULL AND WENTWORTH STUDENT HOUSING LLC
66 GEORGE STREETCHARLESTONSC29401HOLDS REAL ESTATE USED FOR STUDENT HOUSINGSC$188,943$91,067COLLEGE OF CHARLESTON FOUNDATION
BULL STREET STUDENT HOUSING LLC
66 GEORGE STREETCHARLESTONSC29401HOLDS REAL ESTATE USED FOR STUDENT HOUSINGSC$134,680$22,687COLLEGE OF CHARLESTON FOUNDATION
COMING WENTWORTH AND KING EDUCATIONAL HOLDINGS LLC
66 GEORGE STREETCHARLESTONSC29401HOLDS REAL ESTATE USED BY THE COLLEGE OF CHARLESTON FOR PROGRAMSSC$129,288$92,505COLLEGE OF CHARLESTON FOUNDATION
STONO PRESERVE EDUCATIONAL HOLDINGS LLC
66 GEORGE STREETCHARLESTONSC29401HOLDS REAL ESTATE USED BY THE COLLEGE OF CHARLESTON FOR PROGRAMSSC$100,000$3,803,852COLLEGE OF CHARLESTON FOUNDATION
THE COLLEGE OF CHARLESTON FOUNDATION PUBLISHING COMPANY LLC
66 GEORGE STREETCHARLESTONSC29401PUBLISHINGSC$0$0COLLEGE OF CHARLESTON FOUNDATION

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1COLLEGE OF CHARLESTONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line166 GEORGE STAddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29424ZIPCd
FieldValueIRS element (for citing)
EIN576000265EIN
Primary ActivitiesHIGHER EDUCATIONPrimaryActivitiesTxt
Legal Domicile StateSCLegalDomicileStateCd
Exempt Code SectionIRC 115ExemptCodeSectionTxt
Public Charity StatusLINE 2PublicCharityStatusTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth OrgYes (1)RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (1)TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (6 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmt
COLLEGE OF CHARLESTON
E$1,343,942
COLLEGE OF CHARLESTON
J$695,491
COLLEGE OF CHARLESTON
O$1,409,930
COLLEGE OF CHARLESTON
P$2,438,398
COLLEGE OF CHARLESTON ALUMNI ASSOCIATION
B$125,000
COLLEGE OF CHARLESTON COUGAR CLUB
B$167,082