2020-02-14T13:49:10-06:00 2019-06-30 560747981 DIXON HUGHES GOODMAN LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2018-07-01 237069236 COLLEGE OF CHARLESTON FOUNDATION COLL 8439533130 66 GEORGE STREET CHARLESTON SC 29424 DEBYE ALDERMAN EXECUTIVE DIR. OF FINANCE AND ADMIN 8439533130 2020-02-14 1 AMY BIBBY P00445891 8282542254 24.241.144.70 2020-02-14 12:20:21 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 48FB394F9AA065459641371F168D9F2AFFFBB473 2018 2020-09-22 18:59:49Z DEBYE ALDERMAN 66 GEORGE STREET CHARLESTON SC 29424 24081656 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 32 32 4 44 -80695 -80695 14325917 10764964 0 0 6021843 728295 1110918 1079964 21458678 12573223 5523613 4356481 0 0 2124339 2246030 0 146362 1683471 3455307 3957954 11103259 10706827 10355419 1866396 130546577 138344731 2348592 1719012 128197985 136625719 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 5237880 4080985 SEE 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. 3107893 275496 SEE 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. SEE SCHEDULE O 8345773 1 1 0 0 0 0 0 1 0 1 1 1 1 0 1 1 1 1 0 1 1 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 244 0 1 4 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 SC X X DEBYE ALDERMAN 8439537458 66 GEORGE ST CHARLESTON SC 29424 JEFFREY E KINARD CHAIR 1.00 X X 0 0 0 PEGGY BOYKIN VICE CHAIR 1.00 X X 0 0 0 STEPHEN R KERRIGAN TREASURER 1.00 X X 0 0 0 WILLIAM GLEN BROWN JR SECRETARY 1.00 X X 0 0 0 AMY L HEYEL DIRECTOR 1.00 X 0 0 0 DAVID CROWLEY DIRECTOR 1.00 X 0 0 0 CAROLYN KNIGHT TONNEY DIRECTOR 1.00 X 0 0 0 CRAIG ENEY DIRECTOR 1.00 X 0 0 0 DR CHARLES S MOSTELLER DIRECTOR 1.00 X 0 0 0 DR NEIL W DRAISIN DIRECTOR 1.00 X 0 0 0 DR SAM STAFFORD III DIRECTOR 1.00 X 0 0 0 ERIC COX DIRECTOR 1.00 X 0 0 0 FLEETWOOD S HASSELL DIRECTOR 1.00 X 0 0 0 H CHAPMAN MCKAY DIRECTOR 1.00 X 0 0 0 HILTON SMITH JR DIRECTOR 1.00 X 0 0 0 LESLIE GAMBEE DIRECTOR 1.00 X 0 0 0 JEAN W JOHNSON DIRECTOR 1.00 X 0 0 0 JESSICA GIBADLO DIRECTOR 1.00 X 0 0 0 JOHN CARTER JR DIRECTOR 1.00 X 0 0 0 JUSTIN R MCLAIN DIRECTOR 1.00 X 0 0 0 LAURA RICCIARDELLI DIRECTOR 1.00 X 0 0 0 LISA BURBAGE DIRECTOR 1.00 X 0 0 0 PATRICIA ORY DIRECTOR 1.00 X 0 0 0 REBA KINNE HUGE DIRECTOR 1.00 X 0 0 0 SCOTT A CRACRAFT SR DIRECTOR 1.00 X 0 0 0 SHERRIE SNIPES-WILLIAMS DIRECTOR 1.00 X 0 0 0 THEODORE HOWIE JR DIRECTOR 1.00 X 0 0 0 TINA CUNDARI DIRECTOR 1.00 X 0 0 0 TOMI G YOUNGBLOOD DIRECTOR 1.00 X 0 0 0 RALLIS PAPPAS DIRECTOR 1.00 X 0 0 0 MICHAEL RENAULT DIRECTOR 1.00 X 0 0 0 R KEITH SAULS DIRECTOR 1.00 X 0 0 0 DEBYE ALDERMAN EXC DIR OF FINANCE 20.00 20.00 X 0 105801 752 CHRIS TOBIN EVP-COFC/EXC DIR OF FOUNDA 20.00 20.00 X 49270 181806 4813 STEVE OSBORNE PRESIDENT OF COFC 20.00 20.00 X 50833 179473 5829 DR ALAN SHAO DEAN, SCHOOL OF BUS. COFC 10.00 30.00 X 61800 260611 3568 161903 727691 14962 0 0 1 0 ARAMARK 66 GEORGE STREET CHARLESTON SC 29424 CATERING SERVICES 467320 BB&T FINANCIAL FSB 151 MEETING STREET CHARLESTON SC 29401 BANKING & FINANCIAL SERVICES 224996 EDUCATION ADVISORY BOARD PO BOX 603519 CHARLOTTE NC 282603519 CONSULTING 214651 SHERIAR PRESS 3005 HIGHWAY 17 NORTH BYPASS MYRTLE BEACH SC 29577 PRINTING SERVICES 109876 BLACKBAUD PO BOX 930256 ATLANTA GA 311930256 SOFTWARE 100161 5 11234 10753730 378580 10764964 1338011 -80695 1418706 695491 0 695491 695491 695491 10825439 53606 11288328 200433 -462889 -146827 -609716 -609716 3075 11234 19672 -16597 -16597 55 0 55 55 OTHER REVENUE 900099 392811 392811 LICENSE TAG INCOME 900099 8204 8204 401015 12573223 0 -80695 1888954 4080985 4080985 275496 275496 90623 88957 833 833 1711733 810029 213928 687776 372585 185839 44396 142350 71089 35458 8471 27160 19724 2128 17596 146362 146362 35133 3736 31397 526900 426060 71826 29014 76260 64936 5110 6214 821035 620817 24821 175397 240586 9059 21711 209816 244768 136729 108039 593544 480259 16703 96582 893865 744123 43800 105942 243649 173615 67626 2408 20292 20292 MISCELLANEOUS EXPENSE 79047 73389 1170 4488 PROFESSIONAL DEVELOPMEN 61350 38423 7525 15402 RECRUITMENT 52724 50394 2330 STUDENT DEVELOPMENT 49077 49077 10706827 8345773 677583 1683471 426609 562148 7492423 6861492 849122 872628 26721 26301 203421 75936 9225538 3628214 5581578 5597324 30047877 31962946 76973919 83221629 8861178 9080598 83729 83729 130546577 138344731 106303 69984 1311320 1343942 930969 305086 2348592 1719012 X 14199014 14323603 54292090 57351733 59706881 64950383 128197985 136625719 130546577 138344731 X 1866396 6534930 26408 X X 0 1 X 1 0 X 10998272 13535830 8811420 14325917 10764964 58436403 10998272 13535830 8811420 14325917 10764964 58436403 4955796 53480607 2011285 1686079 1826180 1843678 2033502 9400724 292214 442534 425566 404991 401070 1966375 69803502 2126 0.76620 0.72290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 219420 9080598 X X X 0 89204537 4981129 6720991 3709667 97196990 77346847 8488149 6991948 3622407 89204537 55908235 16272153 8052113 2885654 77346847 55207742 3044325 -79057 2264775 55908235 54697754 1840136 1012339 2342487 55207742 0.07370 0.92630 0 0 3665943 3665943 2249254 2125461 123793 1651963 1154240 497723 1658378 348513 1309865 5597324 TIFF KEYSTONE FUND 83221629 F 83221629 COLLECTIONS OF ART AND HISTORICAL TREASURES 9080598 C 9080598 ANNUITIES PAYABLE 55086 LINE OF CREDIT 250000 305086 X 19214095 6534930 78702 6613632 12600463 -27240 -27240 12573223 10786361 52294 52294 10734067 -27240 -27240 10706827 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. 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. 50750 1 0 0 0 1 0 50750 0 50750 0 0 0 0 0 0 0 EAB 2445 M ST NW WASHINGTON DC 20037 DIRECT MAIL/EMAIL 0 277000 146362 130638 277000 146362 130638 YES, I'M A FEMINIST 7745 7745 8437 2019 GERMAN AMERICAN BUSINESS SUMMI 6564 3489 3075 11235 14309 11234 3075 19672 19672 -16597 1 COLLEGE OF CHARLESTON 66 GEORGE ST CHARLESTON SC 29424 576000265 IRC 115 3788903 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 125000 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, 2018 - JUNE 30, 2019 THE FOUNDATION PAID THE ALUMNI ASSOCIATION $125,000 IN ACCORDANCE WITH THE MOU. COLLEGE OF CHARLESTON COUGAR CLUB 307 MEETING ST CHARLESTON SC 29401 570640443 501C3 167082 COLLEGE OF CHARLESTON COUGAR CLUB: OPERATIONAL SUPPORT 3 ACADEMIC & ACHIEVEMENT AWARDS 418 275496 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 0 0 0 0 0 0 0 0 0 CHRIS TOBIN EVP-COFC/EXC DIR OF FOUNDA 49270 181806 0 0 0 0 0 0 0 4813 49270 186619 0 0 STEVE OSBORNE PRESIDENT OF COFC 50833 179473 0 0 0 0 0 0 0 5829 50833 185302 0 0 DR ALAN SHAO DEAN, SCHOOL OF BUS. COFC 61800 260611 0 0 0 0 0 0 0 3568 61800 264179 0 0 X 8 219420 APPRAISAL X SOFTWARE 1 54000 FAIR MARKET VALUE X HORSES 1 29000 APPRAISAL X LEASEHOLD IMPROVEMENT SUPPLIES 2 9331 FAIR MARKET VALUE X GRAND PIANO 2 6999 FAIR MARKET VALUE X ORIENTAL RUG 1 3500 FAIR MARKET VALUE 0 1 0 FORM 990, PART III, LINE 4C HONORS 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 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 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 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 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. 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