2019-05-14T14:01:23-05:00 2018-06-30 FURMAN UNIVERSITY 3300 POINSETT HWY GREENVILLE SC 296130002 990 2017-07-01 570314395 FURMAN UNIVERSITY FURM 8642943496 3300 POINSETT HIGHWAY GREENVILLE SC 29613 DR ELIZABETH DAVIS PRESIDENT 8642943496 2019-05-14 AMANDA ADAMS CPA P00748038 8642942239 2019-05-14 156.143.240.137 2019-05-14 14:01:23 CD P 676A26D37FE8FA43D3C56DFE30191095907154F9 EE29CCCB4560626579CC1A1FB19DC6D638B13F5C 2017 2019-02-21 02:37:17Z DR ELIZABETH DAVIS 3300 POINSETT HWY GREENVILLE SC 29613 287372761 false X WWW.FURMAN.EDU X 1826 SC FURMAN UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION PROVIDING A DISTINCTIVE UNDERGRADUATE AND GRADUATE EDUCATION THAT EMPHASIZES AN ENGAGED APPROACH TO LIBERAL LEARNING, COMBINING CLASSROOM LEARNING WITH REAL WORLD EXPERIENCES AND SELF-DISCOVERY. 36 35 2656 75 6445 -737016 28009766 24479236 169758873 171747406 36867364 36138541 1626971 2678609 236262974 235043792 70593428 71384546 0 84335339 89877273 0 4352615 66256455 69257682 221185222 230519501 15077752 4524291 1096264568 1117274760 150418221 138582015 945846347 978692745 X THE PRIMARY MISSION OF FURMAN AS A LIBERAL ARTS INSTITUTION IS TO PROVIDE A DISTINCTIVE EDUCATION IN FINE ARTS, HUMANITIES, SOCIAL SCIENCES, MATHEMATICS AND THE SCIENCES, AS WELL AS SELECTED PROFESSIONAL DISCIPLINES. false false 140115179 70460250 134622005 INSTRUCTION OF APPROXIMATELY 3,000 STUDENTS IN UNDERGRADUATE AND GRADUATE PROGRAMS. THE UNIVERSITY OFFERS STUDY AWAY PROGRAMS IN MORE THAN 20 COUNTRIES, MOST OF WHICH ARE LED BY FURMAN FACULTY. SCHOLARSHIPS ARE AWARDED TO ELIGIBLE STUDENTS BASED ON FINANCIAL NEED AND ACADEMIC MERIT. APPROXIMATELY 2,975 STUDENTS RECEIVED SCHOLARSHIPS FROM THE UNIVERSITY DURING THE YEAR. 29227759 3747403 INTERCOLLEGIATE ATHLETICS CONSISTS OF 20 SPORTS FOR MEN AND WOMEN. INTRAMURAL AND CLUB SPORTS ARE OFFERED AS WELL AS OPPORTUNITIES TO BE INVOLVED IN STUDENT GOVERNMENT, SERVICE PROJECTS, STUDENT MEDIA OUTLETS AND OVER 140 DIFFERENT STUDENT ORGANIZATIONS. STUDENT LIFE PROGRAMS INCLUDE CAREER SERVICES, A COUNSELING CENTER, STUDENT HEALTH, RELIGIOUS LIFE, DIVERSITY AND INCLUSION, RESIDENTIAL LIFE, THE TRONE STUDENT CENTER AND STUDENT ACTIVITIES. 22003751 29864478 THE UNIVERSITY CONDUCTED AUXILIARY ENTERPRISES FOR THE CONVENIENCE OF STUDENTS, FACULTY, STAFF AND THE AT-LARGE COMMUNITY. THESE AUXILIARY ENTERPRISES INCLUDE STUDENT HOUSING, GOLF COURSE, SPORTS ARENA AND CONFERENCE CENTER. 895182 614846 4164414 THE UNIVERSITY GENERATED COMMISSION INCOME FROM VARIOUS ON-CAMPUS SERVICE PROVIDERS INCLUDING FOOD SERVICES, THE BOOKSTORE, AND OTHER SERVICES AND EVENTS. THE UNIVERSITY INCURRED EXPENSES IN HOSTING OUTDOOR CONCERTS THAT ARE OPEN TO THE COMMUNITY AND PROVIDING GRANTS TO LOCAL AND DOMESTIC ORGANIZATIONS. 895182 614846 4164414 192241871 true true false false false true false true true true true true false true true true false true true false true false false false true false false true true true true false false false false false false true false true false true true false false false true false false false true 482 0 true 2656 true true true false false false false true true false false false false false false false X 36 35 true false true false false false false true true false false false true true true true true true true false SC X AMY ECKLUND 8642943496 3300 POINSETT HIGHWAY GREENVILLE SC 29613 MICHAEL RIORDAN CHAIR 2.00 X 0 0 0 A ALEXANDER TAYLOR VICE CHAIR 2.00 X 0 0 0 FRANCIE M HELLER SECRETARY 2.00 X 0 0 0 JOHN DONALD ANDERSON TRUSTEE 2.00 X 0 0 0 ROBERT L BLOCKER TRUSTEE 2.00 X 0 0 0 ANN P BRYAN TRUSTEE 2.00 X 0 0 0 KEVIN R BRYANT TRUSTEE 2.00 X 0 0 0 KEVIN T BYRNE TRUSTEE 2.00 X 0 0 0 RICHARD CULLEN TRUSTEE 2.00 X 0 0 0 LEE C DILWORTH TRUSTEE 2.00 X 0 0 0 W RANDY EADDY TRUSTEE 2.00 X 0 0 0 DAVID G ELLISON TRUSTEE 2.00 X 0 0 0 P EDWIN GOOD TRUSTEE 2.00 X 0 0 0 SEAN P HARTNESS TRUSTEE 2.00 1.00 X 0 0 0 GORDON R HERRING TRUSTEE 2.00 X 0 0 0 ROBERT E HILL JR TRUSTEE 2.00 X 0 0 0 YENDELELA NEELY HOLSTON TRUSTEE 2.00 X 0 0 0 STANFORD J JENNINGS TRUSTEE 2.00 X 0 0 0 CARL F KOHRT TRUSTEE 2.00 X 0 0 0 JAMES A LANIER JR TRUSTEE 2.00 X 0 0 0 JAMES C MABRY IV TRUSTEE 2.00 X 0 0 0 JAMES M NEY TRUSTEE 2.00 X 0 0 0 JASON W RICHARDS TRUSTEE 2.00 X 0 0 0 LEIGHAN ROBERTS RINKER TRUSTEE 2.00 X 0 0 0 R TODD RUPPERT TRUSTEE 2.00 X 0 0 0 DANIEL S SANDERS TRUSTEE 2.00 X 0 0 0 DANIEL S SANDERS JR TRUSTEE 2.00 X 0 0 0 SUSAN T SHI TRUSTEE 2.00 X 0 0 0 PEACE STERLING SULLIVAN TRUSTEE 2.00 X 0 0 0 RACHELLE H THOMPSON TRUSTEE 2.00 X 0 0 0 WILLIAM R TIMMONS III TRUSTEE 2.00 1.00 X 0 0 0 WILLIAM BYRD TRAXLER JR TRUSTEE 2.00 X 0 0 0 DAVID J TRONE TRUSTEE 2.00 X 0 0 0 RICHARD N WRENN JR TRUSTEE 2.00 X 0 0 0 BAXTER M WYNN TRUSTEE 2.00 X 0 0 0 JOHN C YATES TRUSTEE 2.00 X 0 0 0 DR ELIZABETH DAVIS PRESIDENT 40.00 X 504752 0 63555 DAVID P STEINOUR VP FOR IT 40.00 X 283921 0 42964 GEORGE C SHIELDS VP FOR AA & 40.00 X 268560 0 54341 MICHAEL HENDRICKS VP ENROLLMEN 40.00 X 261427 0 61991 MARY LOU MERKT VP FINANCE 40.00 1.00 X 261325 0 40538 MICHAEL J BUDDIE ATHLETICS DI 40.00 X 244565 0 45782 THOMAS E EVELYN II VP COMMUNICA 40.00 X 232034 0 57554 MICHAEL D GATCHELL VP DEVELOPME 40.00 X 200162 0 41053 CONNIE L CARSON VP STUDENT L 40.00 X 185073 0 32248 KENNETH PETERSON DEAN OF FACU 40.00 X 170182 0 51454 KRISTOPHER N KAPOOR INVESTMENT O 40.00 X 232353 0 42408 JEFF REDDERSON AVP FACILITI 40.00 X 156758 0 34233 CLAYTON HENDRIX HEAD COACH F 40.00 X 277484 0 46549 RICHARD FRANCIS MEADE HEAD COACH L 40.00 X 248471 0 32056 BRUCE A FOWLER HEAD FOOTBAL 40.00 X 245435 0 0 WILLIAM JAMES PIERCE PROFESSOR 40.00 X 195544 0 31922 LON B KNIGHT PROFESSOR 40.00 X 179321 0 42767 4147367 721415 119 false true false TRIANGLE CONSTRUCTION COMPANY PO BOX 6266 STATION B GREENVILLE SC 29606 CONSTRUCTION 9870560 COMPASS GROUP USA PO BOX 91337 CHICAGO IL 606931337 DINING CATERING 9175042 WALDROP HEATING & AIR CONDITIONING PO BOX 369 REIDVILLE SC 29375 CONSTRUCTION 1538020 POWERSECURE INC 1609 HERITAGE COMMERCE CT WAKE FOREST NC 27587 CONSTRUCTION 1396285 AUDIO SOLUTIONS INC PO BOX 6073 GREENVILLE SC 29606 CONSTRUCTION 893550 52 49779 139022 2417216 21873219 1640966 24479236 TUITION AND FEES 611710 134622005 134622005 AUXILIARY SALES 611710 29864478 29864478 INTERCOLLEGIATE ATHLETICS 611710 3747403 3747403 OTHER INCOME 611600 2652128 2652128 COMMISSION INCOME 611710 861392 861392 171747406 13094345 -508077 13602422 45793 45793 3249227 865560 2383667 2383667 527634 507891 1348142 74165806 55808 51077457 99961 23088349 -44153 23044196 23044196 208876 49779 89618 119258 119258 326264 196373 129891 123260 6631 235043792 172398300 6445 38159811 614846 614846 70769700 70769700 2612000 1129807 1282031 200162 62909305 50614035 10028694 2266576 6413052 4993856 1177443 241753 13388798 9371946 3702564 314288 4554118 3609033 776102 168983 130449 39481 87583 3385 125235 125235 3079637 3079637 5359297 2855329 2337863 166105 390886 179004 206103 5779 5432694 3809975 1345249 277470 5248738 3593951 1624805 29982 3012615 20700 2991915 9065974 8579985 293586 192403 1736121 1516311 137943 81867 3608160 3140722 467438 13906656 11703515 2203141 781591 781591 MEAL PLANS 7041107 7041107 ATHLETICS 3281947 3281947 RENTAL & MAINTENANCE 2906554 1990466 913333 2755 LIBRARY 1613166 1613166 2536855 1772989 362759 401107 230519501 192241871 33925015 4352615 11734841 11933769 25407971 23209266 37050833 33298114 3525819 3811882 262873 286202 3170597 2805960 469229318 195939165 274145234 273290153 135345370 115069333 436219967 478428292 4549113 3790421 164851950 171351368 1096264568 1117274760 10230607 7309502 8943707 8566692 114750000 111905000 154212 26351 4076200 12263495 10774470 150418221 138582015 X 339163127 353407962 391340308 409041941 215342912 216242842 945846347 978692745 1096264568 1117274760 4524291 27863590 458517 X false true X true true true X 16924220 18765448 63073720 28009766 24479236 151252390 16924220 18765448 63073720 28009766 24479236 151252390 54747044 96505346 14288957 19377895 8057594 11843285 15778991 69346722 68843 68843 2784103 2444746 2652566 130049 208876 8220340 228888295 826534168 0.42160 0.42960 X SUPPLEMENTAL INFORMATION PART I - REASON FOR PUBLIC CHARITY STATUS THE UNIVERSITY IS CLASSIFIED AS A PUBLIC CHARITY, A SCHOOL, IN ACCORDANCE WITH SECTION 170(B)(1)(A)(II) OF THE INTERNAL REVENUE CODE. HOWEVER, THE UNIVERSITY HAS ELECTED TO FOLLOW THE "SPECIAL RULE" FOR REPORTING CONTRIBUTIONS ON SCHEDULE B WHICH PROVIDES THAT 501(C)(3) ORGANIZATIONS THAT SATISFY THE 33 1/3% SUPPORT TESTS OF SECTIONS 509(A)(1) AND 170(B)(1) (A)(VI) NEED ONLY DISCLOSE ON SCHEDULE B GIFTS FROM ANY ONE CONTRIBUTOR THAT TOTAL THE GREATER OF (1) 5,000 OR (2) 2% OF TOTAL CONTRIBUTIONS, GIFTS, GRANTS AND SIMILAR AMOUNTS RECEIVED. THEREFORE, THE UNIVERSITY HAS CHECKED SCHEDULE A, PART I, BOX 2 AND COMPLETED THE SUPPORT SCHEDULE IN PART II TO SUBSTANTIATE THAT IT MEETS THE PUBLIC SUPPORT TEST. 7 299870 199524 2818145 true true 3715377 X X false false true X 661046233 17843681 60328135 11371784 21673063 3318335 702854866 609730540 17812606 67449504 11618256 18506824 3821336 661046233 631397402 13018109 -1924812 9938999 19646598 3174562 609730540 650034650 5181840 7679281 9448629 18921020 3128720 631397402 592996843 4722076 83577966 8997876 19448062 2816297 650034650 0.16890 0.27360 0.55750 true true true 32127037 32127037 332004116 127862542 204141574 98239093 68076623 30162470 6859072 6859072 273290153 455818 F EQUITY SECURITIES 186829958 F HEDGED STRATEGIES 137714892 F PRIVATE CAPITAL 66525206 F REAL ESTATE ASSET FUNDS 47453536 F FIXED INCOME 38052902 F REAL ESTATE 1114581 C REAL ESTATE 281399 F 478428292 EQUITY INTEREST HOLLINGSWORTH FUNDS 164374991 FUNDS HELD IN TRUST BY OTHERS 4821380 OTHER ASSETS 2154997 171351368 ADVANCES - STUDENT LOANS 3962487 BOND PREMIUM 3002937 SPLIT INTEREST AGREEMENTS 1433396 ASSET RETIREMENT OBLIGATION 1416639 INTEREST RATE SWAP AGREEMENT 743369 CAPITAL LEASE AGREEMENTS 215642 10774470 X SCHEDULE D, PAGE 2, PART III, LINE 4 THE UNIVERSITY HAS A COLLECTION OF DECORATIVE AND FINE ART MATERIALS THAT IS BOTH EXTENSIVE AND DIVERSE. COMPRISED OF OVER 2,600 ITEMS, MANY PIECES ARE DISPLAYED THROUGHOUT CAMPUS, WHILE OTHERS ARE PRESERVED. THE OBJECTS HAVE BEEN GENEROUSLY DONATED TO FURMAN. THEY CONNECT THE UNIVERSITY TO THE WIDER WORLD AND ARE GATEWAYS TO STUDYING MANY DIFFERENT TIME PERIODS, CULTURES AND DISCIPLINES. THE COLLECTION'S MAIN PURPOSES ARE PRESERVATION OF THE OBJECTS FOR FUTURE GENERATIONS, EDUCATIONAL OPPORTUNITIES AND EXHIBITS. SCHEDULE D, PAGE 2, PART IV, LINE 2B AGENCY ACCOUNTS ARE HELD TO PROVIDE BANKING ABILITY FOR SMALL STUDENT CLUBS. THE UNIVERSITY ALSO PROVIDES BANKING FOR PROFESSIONAL ORGANIZATIONS THAT ARE INDIRECTLY RELATED TO THE UNIVERSITY. EXAMPLE: SACUBO SCHEDULE D, PAGE 2, PART V, LINE 4 THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 900 SEPARATE FUNDS ESTABLISHED OVER MANY YEARS FOR SCHOLARSHIPS, PROFESSORSHIPS, LECTURESHIPS, ACADEMIC PROGRAMS AND AWARDS, BUILDING MAINTENANCE, AND GENERAL INSTITUTIONAL SUPPORT. THE OVERALL FINANCIAL OBJECTIVE OF THE ENDOWMENT IS TO PRESERVE AND ENHANCE THE REAL (INFLATION-ADJUSTED) PURCHASING POWER OF THE FUND IN PERPETUITY. THE BOARD OF TRUSTEES DESIGNATES ONLY A PORTION OF THE UNIVERSITY'S CUMULATIVE INVESTMENT RETURN FOR SUPPORT OF CURRENT OPERATIONS; THE REMAINDER IS RETAINED TO SUPPORT OPERATIONS OF FUTURE YEARS AND TO OFFSET POTENTIAL MARKET DECLINES. THE AMOUNT COMPUTED UNDER THE ENDOWMENT SPENDING POLICY OF THE INVESTMENT POOL IS USED TO SUPPORT CURRENT OPERATIONS. THE UNIVERSITY EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO MAINTAIN ITS PURCHASING POWER BY GROWING AT A RATE EQUAL TO OR GREATER THAN PLANNED PAYOUTS. ADDITIONAL REAL GROWTH WILL BE PROVIDED THROUGH NEW GIFTS AND ANY EXCESS INVESTMENT RETURNS. SCHEDULE D, PAGE 3, PART X THE UNIVERSITY'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE UNIVERSITY, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2018 OR 2017 AND ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 THE UNIVERSITY'S NONDISCRIMINATION POLICY STATEMENT IS ACCESSIBLE ON ALL PAGES OF THE UNIVERSITY'S WEBSITE FOR PROSPECTIVE STUDENTS, EMPLOYMENT APPLICANTS AND THE GENERAL PUBLIC. ADDITIONALLY, THE NONDISCRIMINATION POLICY STATEMENT IS INCLUDED IN ALL BROCHURES, CATALOGS, NEWSPAPER (CONTINUED) ADVERTISEMENTS AND OTHER WRITTEN COMMUNICATION WITH THE PUBLIC RELATED TO STUDENT ADMISSIONS, PROGRAMS AND SCHOLARSHIPS, AS WELL AS EMPLOYMENT OPPORTUNITIES. SCHEDULE E, LINE 6 THE UNIVERSITY PARTICIPATES IN THE FEDERAL PELL GRANT PROGRAM, THE FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS PROGRAM, THE FEDERAL COLLEGE WORK STUDY PROGRAM, AND THE FEDERAL PERKINS LOAN PROGRAM. ADDITIONALLY, THE UNIVERSITY HAS RECEIVED A NUMBER OF GRANTS FROM THE NATIONAL SCIENCE FOUNDATION, THE UNITED STATES DEPARTMENT OF HEALTH AND HUMAN SCIENCES, AND THE DEPARTMENT OF DEFENSE. CENTRAL AMERICA AND THE CARRIBEAN PROGRAM SERVICES STUDY AWAY 339333 CENTRAL AMERICA AND THE CARRIBEAN INVESTMENTS 121711286 EAST ASIA AND THE PACIFIC PROGRAM SERVICES STUDENT RECRUITING 25194 EAST ASIA AND THE PACIFIC PROGRAM SERVICES STUDENT REFUND 15383 EAST ASIA AND THE PACIFIC PROGRAM SERVICES STUDY AWAY 476298 EAST ASIA AND THE PACIFIC PROGRAM SERVICES SUPPLIES 230 EAST ASIA AND THE PACIFIC PROGRAM SERVICES CONTRACT SERVICES 3200 EAST ASIA AND THE PACIFIC INVESTMENTS 1648176 EUROPE PROGRAM SERVICES STUDENT RECRUITING 19547 EUROPE PROGRAM SERVICES DONOR RELATIONS 148673 EUROPE PROGRAM SERVICES LIBRARY RESOURCES 25734 EUROPE PROGRAM SERVICES STUDY AWAY 3548185 EUROPE PROGRAM SERVICES CONTRACT SERVICES 1090 EUROPE INVESTMENTS 11173361 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES STUDY AWAY 267402 RUSSIA PROGRAM SERVICES STUDY AWAY 132915 SOUTH AMERICA PROGRAM SERVICES STUDENT RECRUITING 15591 SOUTH ASIA PROGRAM SERVICES STUDY AWAY 158554 SUB-SAHARAN AFRICA PROGRAM SERVICES STUDY AWAY 67099 SOUTH AMERICA PROGRAM SERVICES STUDY AWAY 211340 139551598 436993 139988591 true false true true true false SCHEDULE F, PAGE 1, PART I, LINE 2 FURMAN UNIVERSITY IS NOT A GRANTMAKER AS REFERENCED ON SCH. F LINE 1. FURMAN UNIVERSITY PROVIDES FUNDING TO FACULTY AND TO STUDENTS FOR RESEARCH AND OTHER PROJECTS. EXPENSES MUST BE SUBSTANTIATED UNDER THE ACCOUNTABLE PLAN TO ENSURE PROPER USE OF FUNDS. SCHEDULE F, PAGE 1, PART I, LINE 3 CENTRAL AMERICA AND THE CARRIBEAN 339,333 0 CENTRAL AMERICA AND THE CARRIBEAN 0 121,711,286 EAST ASIA AND THE PACIFIC 25,194 0 EAST ASIA AND THE PACIFIC 15,383 0 EAST ASIA AND THE PACIFIC 476,298 0 EAST ASIA AND THE PACIFIC 230 0 EAST ASIA AND THE PACIFIC 3,200 0 EAST ASIA AND THE PACIFIC 0 1,648,176 EUROPE 19,547 0 EUROPE 148,673 0 EUROPE 25,734 0 EUROPE 3,548,185 0 EUROPE 1,090 0 EUROPE 0 11,173,361 MIDDLE EAST AND NORTH AFRICA 267,402 0 RUSSIA 132,915 0 SOUTH AMERICA 15,591 0 SOUTH ASIA 158,554 0 SUB-SAHARAN AFRICA 67,099 0 SOUTH AMERICA 211,340 0 V PERONE GOLF 84720 15015 69705 3300 5865 4296 5709 6441 MB GOLF 56049 25309 30740 2880 5786 750 8730 7 117886 9455 108431 11157 15499 8018 11187 258655 49779 208876 17337 27150 13064 5709 26358 89618 119258 true THE GREENVILLE DRIVE LLC 945 S MAIN ST GREENVILLE SC 29601 576019318 N/A 75000 SPONSORSHIP GREENVILLE CHAMBER OF COMMERCE 24 CLEVELAND ST GREENVILLE SC 29601 570173240 501C6 19381 SPONSORSHIP UPCOUNTRY HISTORY MUSEUM 540 BUNCOMBE ST GREENVILLE SC 29601 570833796 501C3 162500 OPERATING SUPPORT ARTISPHERE 16 AUGUSTA ST GREENVILLE SC 29601 582676608 501C3 11000 SPONSORSHIP EMPIRE MOCK TRIAL ASSOCIATION INC 515 ROUTE 33 MILLSTONE NJ 08535 260150254 501C3 13000 DONATION FALL FOR GREENVILLE INC PO BOX 2207 GREENVILLE SC 29602 570876594 501C3 7500 SPONSORSHIP MEDIA VENTURES LLC 4 TANTALLON CT SIMPSONVILLE SC 29681 462802268 N/A 15350 SPONSORSHIP GREENVILLE ARENA DISTRICT 650 N ACADEMY ST GREENVILLE SC 29601 576007739 GOV 75000 SPONSORSHIP PALMETTO PARTNERSSC DP OF COMMERCE 1201 MAIN ST STE 1600 COLUMBIA SC 29201 576000286 GOV 10000 SPONSORSHIP M JUDSON LLC 130 S MAIN ST GREENVILLE SC 29601 471792713 N/A 131000 SPONSORSHIP 6 4 UNDERGRAD SCHOLARSHIPS 2572 55872254 ATHLETIC SCHOLARSHIPS 397 13175032 GRADUATE SCHOLARSHIPS 6 23142 INTERNSHIPS 796 1628772 GRADUATE STIPENDS 10 50000 OTHER STIPENDS 9 20500 SCHEDULE I, PAGE 1, PART I, LINE 2 FURMAN PROVIDES SCHOLARSHIPS AND FINANCIAL AID TO INDIVIDUALS IN THE UNITED STATES TO ATTEND THE UNIVERSITY. THE SCHOLARSHIPS AND AID FOR SUCH STUDENTS ARE AWARDED BASED ON NEED AND MERIT AND COVER THE COSTS OF TUITION, ROOM AND BOARD. THE SCHOLARSHIP AND/OR FINANCIAL AID IS AWARDED BASED ON INSTITUTIONAL POLICY AND STANDARDS SET FORTH BY THE DEPARTMENT OF EDUCATION AND THE STATE OF SOUTH CAROLINA. THE UNIVERSITY'S FINANCIAL AID DEPARTMENT MONITORS THE COMPLIANCE WITH SUCH REGULATIONS. THE SCHOLARSHIP AND/OR FINANCIAL AID IS APPLIED BY THE FINANCIAL AID DEPARTMENT DIRECTLY AGAINST THE STUDENT'S ACCOUNT WITH THE UNIVERSITY AS A REDUCTION IN FEES. AS A RESULT, THE GRANT CAN ONLY BE USED FOR ITS INTENDED PURPOSE (I.E. COST OF ATTENDANCE) AND CANNOT BE DIVERTED FROM THIS USE. OTHER TYPES OF GRANTS PROVIDED CONSIST OF RESEARCH, INTERNSHIP OR FELLOWSHIP GRANTS TO STUDENTS. SUCH GRANTS ARE GIVEN AND MONITORED BY THE ACADEMIC DEPARTMENT GIVING THE GRANT OR THE UNDERGRADUATE RESEARCH AND INTERNSHIP DEPARTMENT. SPONSORSHIPS PAID TO ORGANIZATIONS ARE MADE UNDER WRITTEN AGREEMENTS BETWEEN THE PARTIES AND SUPPORT COMMUNITY EVENTS AND PROVIDE A PRESENCE FOR FURMAN IN THE AREA. COMMUNITY ENGAGEMENT IS A SIGNIFICANT ASPECT OF THE FURMAN ADVANTAGE. THESE SPONSORSHIPS WITH GREENVILLE BUSINESSES THEREFORE SERVE TO ADVANCE THE FURMAN ADVANTAGE FOR OUR STUDENTS AND THE COMMUNITY. X X X true true X X X X X false false false false false false false true false DR ELIZABETH DAVIS PRESIDENT 504752 33750 29805 568307 DAVID P STEINOUR VP FOR IT 253921 30000 31875 11089 326885 GEORGE C SHIELDS VP FOR AA & PROVOST 268560 33750 20591 322901 MICHAEL HENDRICKS VP ENROLLMENT MGMT 261427 33125 28866 323418 MARY LOU MERKT VP FINANCE & ADMIN 261325 31875 8663 301863 MICHAEL J BUDDIE ATHLETICS DIRECTOR 244565 30122 15660 290347 THOMAS E EVELYN II VP COMMUNICATION 232034 28688 28866 289588 MICHAEL D GATCHELL VP DEVELOPMENT 200162 25480 15573 241215 CONNIE L CARSON VP STUDENT LIFE 185073 23196 9052 217321 KENNETH PETERSON DEAN OF FACULTY 170182 21875 29579 221636 KRISTOPHER N KAPOOR INVESTMENT OFFICER 192233 40120 24505 17903 274761 JEFF REDDERSON AVP FACILITIES 156758 20406 13827 190991 CLAYTON HENDRIX HEAD COACH FB 277484 32194 14355 324033 RICHARD FRANCIS MEADE HEAD COACH LAX 248471 30734 1322 280527 BRUCE A FOWLER HEAD FOOTBALL COACH 245435 245435 WILLIAM JAMES PIERCE PROFESSOR 195544 21989 9933 227466 LON B KNIGHT PROFESSOR 179321 21047 21720 222088 SCHEDULE J, PAGE 1, PART I, LINE 1A TRAVEL COMPANIONS - A COMPANION HAS TRAVELED WITH ELIZABETH DAVIS. TO THE EXTENT IT WAS PERSONAL IN NATURE SUCH AMOUNTS WERE INCLUDED IN HER TAXABLE INCOME. RESIDENCE FOR PERSONAL USE - THE PRESIDENT OF THE UNIVERSITY AND HER FAMILY RESIDE AT WHITE OAKS WHICH IS THE OFFICIAL RESIDENCE OF THE PRESIDENT. THE PRESIDENT IS REQUIRED TO LIVE AT WHITE OAKS AS A CONDITION OF HER EMPLOYMENT. THE RESIDENCE IS OWNED AND MAINTAINED BY THE UNIVERSITY. CLEANING, MAINTENANCE, AND GROUNDS KEEPING SERVICES ARE PROVIDED BY THE UNIVERSITY FOR THE PUBLIC AREAS OF THE RESIDENCE ONLY. THE PRESIDENT HOSTS UNIVERSITY EVENTS AT WHITE OAKS AS WELL. SOCIAL CLUB DUES - ELIZABETH DAVIS, MICHAEL GATCHELL, AND MIKE BUDDIE WERE PROVIDED WITH CLUB MEMBERSHIPS. TO THE EXTENT THE DUES WERE CONSIDERED PERSONAL, THE AMOUNTS WERE INCLUDED IN TAXABLE INCOME OR REIMBURSED TO THE UNIVERSITY. OTHERWISE THE DUES WERE TO ALLOW EMPLOYEES TO MEET WITH DONORS AND OTHER SUPPORTERS OF THE UNIVERSITY AT THE CLUB. FURMAN POLICY GOVERNS THE NATURE AND TYPE OF ALLOWABLE EXPENDITURES AND PAYMENTS, INCLUDING REQUIREMENTS TO PROVIDE SUPPORTING DOCUMENTATION DETAILING THE TRANSACTION AND BUSINESS PURPOSE OF ANY APPROVED EXPENDITURES. SCHEDULE J, PAGE 1, PART I, LINE 7 FURMAN UNIVERSITY MADE NON-FIXED BONUS PAYMENTS TO KRISTOPHER KAPOOR AND DAVID STEINOUR. THE PAYMENTS WERE FOR MERIT AND WERE NOT CONTINGENT ON THE REVENUES OR NET EARNINGS OF THE UNIVERSITY OR ANY RELATED ORGANZIZATION. A EFA FOR PRIVATE NON-PROFIT 576000286 836896GE4 2006-07-06 46660000 REFUNDING AND CAPITAL IMPROVEMENTS false false false B EFA FOR PRIVATE NON-PROFIT 576000286 836896JA4 2010-03-18 21867529 REFUNDING AND CAPITAL IMPROVEMENTS false false false C SC JOBS - ECONOMIC DEV AUTHORITY 570960018 837031UL5 2015-08-13 68432003 REFUNDING AND CAPITAL IMPROVMENTS false false false A 8370000 47233539 305000 11050906 2008 true false true true B 10925000 21867529 277059 1000000 2012 true true true true C 485000 68195261 410882 25210347 2017 false true true true A false false false false false false true B false false false false false false true C false false false false false false true A true true true WELLS FARGO 20.000000000000 false false true TRINITY PLUS 1.800000000000 true false true B false false false true false false false false true C false true false false false false false false true A true B true C true SCHEDULE K - DIFFERENCES IN ISSUE PRICE EXPLANATION EFA FOR PRIVATE NON-PROFIT ISSUE PRICE PER PART I(E) 46,660,000 INVESTMENT EARNINGS 889,182 ARBITRAGE REBATE PAYMENT (315,643) TOTAL PROCEEDS PART II, LINE 3 47,233,539 SC JOBS - ECONOMIC DEV. AUTHORITY ISSUE PRICE 68,432,003 UNDERWRITER'S DISCOUNT (236,742) TOTAL PROCEEDS 68,195,261 SCHEDULE K - DATE REBATE COMPUTATION PERFORMED EFA FOR PRIVATE NON-PROFIT 08/25/09 EFA FOR PRIVATE NON-PROFIT 01/14/13 SCHEDULE K - ADDITIONAL INFORMATION SC JOBS - ECONOMIC DEV. AUTHORITY AS PART OF THE 8/13/2015 BOND ISSUANCE, BONDS ISSUED ON 4/16/2006 WERE ADVANCED REFUNDED. THE REFUNDED BONDS WERE CALLED ON 10/01/2016. NA N/A 165500 SCHOLARSHIPS MERIT COURTNEY TOLLISON SP OF TRUSTEE 43371 SALARY false WILLIAM MERKT SP OF OFFICER 13200 SALARY false CHARLES DAVIS SP OF OFFICER 13200 SALARY false SCHEDULE L, PART V COURTNEY TOLLISON: SPOUSE OF UNIVERSITY TRUSTEE SEAN HARTNESS, WAS PAID WAGES FOR HER EMPLOYMENT WITH THE FILING ORGANIZATION. WILLIAM MERKT: SPOUSE OF OFFICER MARY LOU MERKT, WAS PAID WAGES FOR HIS EMPLOYMENT WITH THE FILING ORGANIZATION. CHARLES DAVIS: SPOUSE OF OFFICER ELIZABETH DAVIS, WAS PAID WAGES FOR HIS EMPLOYMENT WITH THE FILING ORGANIZATION. THESE WAGES ARE DETERMINED AT ARMS LENGTH. X 4 4 BOOK VALUE X 1 BOOK VALUE X 8326 COST X 96 1412949 FMV X 1 200103 INDEPENDENT VALUE X 3 16027 COST X EVENT TICKETS 1 2514 COST X SUPPLIES 5 1042 COST false true false SCHEDULE M, PAGE 2, PART II SCHEDULE M, PART I, COLUMN (B): FURMAN UNIVERSITY IS ENTERING THE NUMBER OF CONTRIBUTIONS RECEIVED OF EACH TYPE IN ACCORDANCE WITH THE UNIVERSITY'S RECORDKEEPING PRACTICES. FORM 990, PAGE 2, PART III, LINE 4D THE UNIVERSITY GENERATED COMMISSION INCOME FROM VARIOUS ON-CAMPUS SERVICE PROVIDERS INCLUDING FOOD SERVICES, THE BOOKSTORE, AND OTHER SERVICES AND EVENTS. THE UNIVERSITY INCURRED EXPENSES IN HOSTING OUTDOOR CONCERTS THAT ARE OPEN TO THE COMMUNITY AND PROVIDING GRANTS TO LOCAL AND DOMESTIC ORGANIZATIONS. FORM 990, PAGE 6, PART VI, LINE 2 DANIEL S. SANDERS DANIEL S. SANDERS JR. TRUSTEE TRUSTEE FATHER/SON FORM 990, PAGE 6, PART VI, LINE 4 FURMAN UNIVERSITY AMENDED AND RESTATED ITS BYLAWS EFFECTIVE MAY 12, 2018. THE AMENDMENT AND RESTATEMENT INCLUDES CHANGES TO THE BOARD OF TRUSTEES' COMMITTEE STRUCTURE, INCLUDING CHANGES TO THE UNIVERSITY'S AUDIT COMMITTEE. THE COMMITTEE HAS EXPANDED FROM AT LEAST THREE MEMBERS TO AT LEAST FIVE MEMBERS. IN ADDITION, THE AUDIT COMMITTEE'S RESPONSIBILITIES HAVE BEEN MORE CLEARLY DEFINED TO INCLUDE THE FOLLOWING: (A) CONFIRM THAT GENERALLY ACCEPTED ACCOUNTING PRINCIPLES ARE BEING CONSISTENTLY APPLIED IN THE UNIVERSITY'S FINANCIAL STATEMENTS, AND PERIODICALLY REVIEW AND ASSESS THE FINANCIAL CONTROL AND ACCOUNTING SYSTEMS OF THE UNIVERSITY AND RECOMMEND ANY CHANGES IT DEEMS APPROPRIATE; (B) RECOMMEND EACH YEAR THE INDEPENDENT AUDITOR (THE "AUDITOR") TO BE ENGAGED BY THE UNIVERSITY; (C) CAUSE TO BE PREPARED AND SUBMITTED ANNUALLY TO THE BOARD THE AUDITED FINANCIAL STATEMENTS OF THE UNIVERSITY FOR EACH FISCAL YEAR; AND (D) REVIEW, MONITOR AND ASSESS, ON AN ONGOING BASIS, THE UNIVERSITY'S RISKS AND ITS RISK MANAGEMENT PROGRAMS, PRACTICES AND PROTOCOLS AND REPORT THEREON TO THE BOARD. FURTHERMORE, THE AMENDED AND RESTATED BYLAWS ADDRESS THAT THE EXECUTIVE COMMITTEE SHALL ALSO FUNCTION AS A DE FACTO STRATEGIC PLANNING COMMITTEE OF THE BOARD BY HELPING TO COORDINATE THE WORK OF THE TRUSTEES WITH REGARD TO OVERALL INSTITUTIONAL PLANNING. IN SUCH ROLE, THE EXECUTIVE COMMITTEE SHALL REVIEW PERIODICALLY THE PLANNING PROCESS OF THE UNIVERSITY AND FURMAN'S STATEMENT OF PURPOSE, TAKING INTO ACCOUNT ANY CHANGING RESPONSIBILITIES OF THE UNIVERSITY TO ITS CONSTITUENCIES, AND THE EXECUTIVE COMMITTEE SHALL ENSURE THAT LONG-RANGE AND STRATEGIC PLANS FOR THE UNIVERSITY ARE UPDATED IN A TIMELY FASHION AND SUBMITTED TO THE BOARD FOR APPROVAL. FORM 990, PAGE 6, PART VI, LINE 11B THE UNIVERSITY'S AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWED THE PREPARED FORM 990 PRIOR TO FILING WITH THE IRS. SPECIFIC ISSUES AND/OR QUESTIONS THAT AROSE DURING THE REVIEW PROCESS WERE ADDDRESSED. THE PUBLIC DISCLOSURE COPY OF FORM 990 WAS PROVIDED TO THE REMAINING VOTING MEMBERS OF THE UNIVERSITY'S BOARD OF TRUSTEES. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY FOR THE BOARD OF TRUSTEES IS INCLUDED IN SECTION 9 OF THE FURMAN UNIVERSITY BY-LAWS. EACH MEMBER OF THE BOARD OF TRUSTEES IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM AT THE FIRST MEETING OF EACH ACADEMIC YEAR. EACH TRUSTEE SHALL DISCLOSE TO THE BOARD CHAIR ANY ADDITIONAL POTENTIAL CONFLICTS OF INTEREST AT THE EARLIEST PRACTICAL TIME. ADDITIONALLY, THE UNIVERSITY HAS A CONFLICT OF INTEREST POLICY FOR EMPLOYEES WITH EXECUTIVE OR ADMINISTRATIVE RESPONSIBILITIES AS THE UNIVERSITY RECOGNIZES THAT SUCH EMPLOYEES HAVE A DUTY OF LOYALTY AND FIDELITY IN CARRYING OUT THEIR RESPONSIBILITIES. THIS POLICY APPLIES TO THOSE EMPLOYEES DESIGNATED BY THE PRESIDENT AS HAVING EXECUTIVE OR ADMINISTRATIVE RESPONSIBILITIES. EACH SUCH EMPLOYEE IS REQUIRED, AT LEAST ANNUALLY, TO COMPLETE THE QUESTIONNAIRE. THIS QUESTIONNAIRE REQUIRES DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST AND IS ADMINISTERED BY THE HUMAN RESOURCES DEPARTMENT. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION OF THE UNIVERSITY'S PRESIDENT IS DETERMINED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE COMMITTEE COMMISSIONED STUDIES OF PEER INSTITUTIONS' EXECUTIVE COMPENSATION CONDUCTED BY INDEPENDENT CONSULTANTS. FINAL COMPENSATION IS APPROVED BY THE EXECUTIVE COMMITTEE ON AN ANNUAL BASIS. THE PRESIDENT'S EMPLOYMENT IS GUIDED BY A WRITTEN EMPLOYMENT CONTRACT SIGNED BY BOTH PARTIES. ADDITIONALLY, THE INDEPENDENT CONSULTANTS REVIEW AND ANALYZE THREE OF THE OFFICERS' SALARIES ANNUALLY. THE THREE OFFICERS' SALARIES ARE SELECTED BY THE INDEPENDENT CONSULTANTS AND ARE SELECTED ON A ROTATION BASIS. EXECUTIVE COMMITTEE MEETINGS ARE DOCUMENTED. FORM 990, PAGE 6, PART VI, LINE 15B AS STATED IN THE RESPONSE TO QUESTION 15A, INDEPENDENT CONSULTANTS REVIEW AND ANALYZE THREE OFFICERS' SALARIES ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 19 FURMAN UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. ADDITIONALLY, THE UNIVERSITY'S CONSOLIDATED FINANCIAL STATEMENTS CAN BE FOUND ON THE FURMAN WEBSITE. FORM 990, PART XI, LINE 9 CHANGE IN INTEREST RATE EXC AGREEMENT 458,517 FURMAN UNIVERSITY FOUNDATION 3300 POINSETT HWY GREENVILLE SC 29613 571061363 FOUNDATION SC 501C3 12C NA false HOLLINGSWORTH FUNDS INC 124 VERDAE BLVD STE 10 GREENVILLE SC 29607 571003814 CHARITABLE SC 501C3 12A NA false CHARITABLE REMAINDER UNITRUSTS (10) SPLIT INT SC NA TRUST false CHARITABLE REMAINDER ANNUITY TRUST SPLIT INT SC NA TRUST false false false true false false false false false false false false false false false false false false false true HOLLINGSWORTH FUNDS INC S 3463757 CASH RECEIVED FURMAN UNIVERSITY FOUNDATION C 139022 CASH RECEIVED SCHEDULE R HOLLINGSWORTH FUNDS, INC. IS A TAX EXEMPT SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE WHOSE PURPOSE IS TO SUPPORT FURMAN UNIVERSITY AND OTHER GREENVILLE, SC BASED CHARITIES. FOR THE YEAR ENDED JUNE 30, 2018, INCOME DISTRIBUTIONS FROM THE HOLLINGSWORTH FUNDS, WHICH ARE REPORTED AS INVESTMENT RETURNS, WERE 3,463,757, AND PROVIDED FUNDING FOR THE HOLLINGSWORTH SCHOLARS PROGRAM, TWO ENDOWED PROFESSORSHIPS IN THE DEPARTMENTS OF ECONOMICS AND BUSINESS AND ACCOUNTING, AND SPECIFIC NEEDS OF THE DEPARTMENTS OF BUSINESS AND ACCOUNTING AND ECONOMICS. FURMAN UNIVERSITY FOUNDATION (FUF) OPERATES AS A NONPROFIT PUBLIC BENEFIT CORPORATION TO SERVE THE NEEDS AND INTERESTS OF FURMAN UNIVERSITY.