2019-05-13T12:30:53-05:00 2018-06-30 580692043 MAULDIN & JENKINS LLC 508 HAMPTON STREET COLUMBIA SC 29201 990 2017-07-01 237042391 UNIVERSITY OF SOUTH CAROLINA BUSINESS PARTNERSHIP FOUNDATION UNIV 8037774724 1014 GREENE STREET COLUMBIA SC 29208 DAVID PARKER VICE PRESIDENT 8037774724 2019-05-13 1 DAVID L SPLITTGERBER P01066536 8037995810 2019-05-13 50.192.51.169 2019-05-13 13:30:25 ED P 971F8314037B53EF45FDAA90EE9D68B8BAD80E3B 213086E36E1F1C6DAC0B6D2F036F9EF5928A18E8 2017 2019-02-21 02:37:17Z DAVID PARKER 1014 GREENE STREET COLUMBIA SC 29208 13429484 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 6 0 0 0 1708840 5495349 2749676 3443020 3097379 4381994 97098 109121 7652993 13429484 3931721 3670012 0 0 397300 397096 0 0 0 2825844 3046850 7154865 7113958 498128 6315526 98921034 109578017 1101838 1161044 97819196 108416973 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 3129720 1476467 3173856 CONTINUING EDUCATION AND EDUCATIONAL PROGRAMS 1532178 1458739 14510 SCHOLARSHIPS AND SUPPORT 785265 493107 11663 ACADEMIC SUPPORT 798702 52183 349942 DEVELOPMENT 340548 189516 2170 OTHER ENDOWED 300 BUILDING 1139550 241699 352112 6586713 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 1 1 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 1 109 0 1 6 1 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 WALTER L DAVIS TRUSTEE 1.00 X 0 0 0 AC FENNELL III TRUSTEE 1.00 X 0 0 0 JAMES H HODGES TRUSTEE 1.00 X 0 0 0 JOHN V JONSON TRUSTEE 1.00 X 0 0 0 PAMELA P LACKEY TRUSTEE 1.00 X 0 0 0 REGINALD B MCKNIGHT TRUSTEE 1.00 X 0 0 0 MICHAEL J MIZEUR TRUSTEE 1.00 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 DANIEL A WEEKLEY TRUSTEE 1.00 X 0 0 0 MACK I WHITTLE JR TRUSTEE 1.00 X 0 0 0 HARRIS PASTIDES EX-OFFICIO TRUSTEE 1.00 X 0 0 0 PETER J BREWS EX-OFFICIO TRUSTEE 1.00 X 0 74197 0 MICHAEL R BRENAN VICE CHAIR 1.00 X 0 0 0 CHARLES W GARNETT TREASURER 1.00 X 0 0 0 F A LOWREY CHAIR 1.00 X 0 0 0 JEAN E DUKE PRESIDENT 40.00 X 0 0 0 RODNEY L ROENFELDT VP/SECRETARY 16.00 X 65000 0 0 TIMOTHY CARROLL PRESIDENT OF CORPORATE SOL 40.00 40.00 X 91427 99318 0 MICHAEL L FANNING FORMER PRESIDENT 40.00 X 155260 0 0 311687 173515 0 1 1 1 0 SODEXHO INC 9801 WASHINGTON BLVD GAITHERSBURG MD 20878 CATERING (FOOD) SERVICE 131661 ARAMARK SERVICES INC PO BOX 7548 PHILADELPHIA PA 19101 CATERING (FOOD) SERVICE 120868 2 5495349 622417 5495349 CONTINUING EDUCATION FEES 900099 3079245 3079245 DEVELOPMENT 900099 349942 349942 ACADEMIC SUPPORT 900099 11663 11663 OTHER ENDOWED INCOME 900099 2170 2170 3443020 1052385 1052385 89740 0 89740 89740 89740 3329609 0 3329609 3329609 3329609 MISCELLANEOUS INCOME 900099 19381 19381 19381 13429484 3552141 0 4381994 X 3564597 3564597 105415 105415 220260 220260 131812 87887 43925 45024 6723 38301 13486 13486 22000 22000 34330 34330 728457 654268 74189 129653 129653 261654 232206 29448 2647 2647 13552 13499 53 410881 406751 4130 6677 6677 2251 2251 56266 22070 34196 FOOD AND SUPPLIES 662904 658354 4550 AWARDS AND GIFTS 193151 192214 937 INTERNSHIPS 174180 174180 RENTAL 130789 129457 1332 203972 197864 6108 7113958 6586713 527245 0 7443767 8348386 1819214 3345756 914371 527906 55701 21209 88630979 97274426 57002 60334 98921034 109578017 788188 1161044 313650 0 1101838 1161044 X 45532475 50102888 21451374 24618353 30835347 33695732 97819196 108416973 98921034 109578017 6315526 4282251 0 X X 0 1 X 1 0 X 5470660 3745940 47456676 1708840 5495349 63877465 5470660 3745940 47456676 1708840 5495349 63877465 63877465 2667524 4023003 2828842 3088443 1052385 13660197 19381 19381 77557043 12722613 0.82360 0.81460 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2017 AMOUNT: $ 19,381. 87079654 3382486 8621525 2855585 96228080 49694506 829274 8327753 28228121 87079654 50719931 521631 -1374289 172767 49694506 48408771 345003 2167113 200956 50719931 39290226 2263671 7859402 1004528 48408771 0.44000 0.34000 0.22000 0 0 0 POOLED EQUITIES/STOCKS 30240017 F POOLED MONEY FUNDS 393660 F POOLED MUTUAL FUNDS 65251470 F UNPOOLED CASH 407766 F UNPOOLED STOCKS 981513 F 97274426 X 17711735 4282251 4282251 13429484 0 13429484 7113958 0 7113958 0 7113958 PART V, LINE 4: THE FOUNDATIONS ENDOWMENT CONSISTS OF APPROXIMATELY 150 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. 0 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES TRANSPORTATION 1420 EUROPE 0 0 PROGRAM SERVICES ACADEMIC LICENSE 4290 EUROPE 0 0 PROGRAM EXPENSE ALUMNI NETWORKING 15000 EUROPE 0 0 PROGRAM SERVICES TRAVEL 3721 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES TRAVEL 6144 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES TRANSPORTATION 16098 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES TRAVEL 43298 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES TRANSPORTATION 15444 0 0 0 0 0 0 105415 0 105415 EUROPE ALUMNI NETWORKING 15000 WIRE FMV SUB-SAHARAN AFRICA TRAVEL 6144 WIRE FMV SUB-SAHARAN AFRICA TRANSPORTATION 16098 WIRE FMV SUB-SAHARAN AFRICA TRAVEL 43298 WIRE FMV SUB-SAHARAN AFRICA TRANSPORTATION 15444 WIRE FMV 0 0 0 0 0 0 PART I, LINE 2: THE USC BUSINESS PARTNERSHIP FOUNDATION OBTAINS THE NECESSARY SUPPORTING DOCUMENTATION IRS FORM W-8BEN-E FOR FOREIGN VENDORS. PAYMENTS TO FOREIGN VENDORS ARE SUBMITTED BY WIRE TRANSFER. WIRE TRANSFERS TO FOREIGN VENDORS REQUIRE THE COMPLETION OF A BPF WIRE TRANSFER FORM WITH MULTIPLE APPROVALS FROM THE REQUESTING DEPARTMENT SUPERVISOR AS WELL AS APPROVALS AND SIGNATURES FROM THE ASSOCIATE DEAN AND THE BPF VICE PRESIDENT. THE COMPLETED BPF WIRE TRANSFER FORM IS EMAILED TO THE WIRE DEPARTMENT OF THE BPF BANK. THE BANK VERIFYS AND CONFIRMS THE WIRE BY VOICE WITH THE BPF DESIGNATED AUTHORIZED BANK SIGNATORY AUTHORITY. ONCE THE WIRE IS COMPELTED, THE BANK SENDS A WRITTEN CONFIRMATION TO BPF. BPF SENDS AN EMAIL TO THE REQUESTOR. 1 UNIVERSITY OF SOUTH CAROLINA 1014 GREENE STREET COLUMBIA SC 29208 576001153 3564597 FMV SUPPORT DARLA MOORE BUSINESS SCHOOL 0 0 0 0 0 0 1 0 0 TIMOTHY CARROLL PRESIDENT OF CORPORATE SOL 91427 0 0 0 0 99318 0 0 0 0 91427 99318 0 0 MICHAEL L FANNING FORMER PRESIDENT 155260 0 0 0 0 0 0 0 0 0 155260 0 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 11 622417 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 BUDGET 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 IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 654,268. MANAGEMENT AND GENERAL EXPENSES 74,189. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 728,457. 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 3848037 5486601 UNIVERSITY OF SOUTH CAROLINA BUSINESS PARTNERSHIP FOUNDATION