2018-11-28T11:36:20-06:00 2018-06-30 560747981 DIXON HUGHES GOODMAN LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2017-07-01 237069236 COLLEGE OF CHARLESTON FOUNDATION COLL 8439533130 66 GEORGE STREET CHARLESTON SC 29424 DEBYE ALDERMAN ASSISTANT TREASURER 8439533130 2018-11-28 1 AMY BIBBY P00445891 8282542254 4.35.195.161 2018-11-28 08:07:17 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 56F43482B43EE7B3810A846471F5493E1013BAFD 2017 2019-02-21 02:37:17Z DEBYE ALDERMAN 66 GEORGE STREET CHARLESTON SC 29424 34145262 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 30 30 5 42 -51690 -29858 8828771 14325917 0 0 928303 6021843 1308156 1110918 11065230 21458678 4907305 5523613 0 0 2513343 2124339 0 0 1384146 4850766 3455307 12271414 11103259 -1206184 10355419 114407169 130546577 2760466 2348592 111646703 128197985 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 5408152 5221040 0 SEE SCHEDULE O FOR A COMPLETE DESCRIPTION OF OUR ACCOMPLISHMENTSTHE SOLE PURPOSE OF THE COLLEGE OF CHARLESTON FOUNDATION, APPROACHING ITS 50TH ANNIVERSARY IN 2020, IS TO BENEFIT AND SUPPORT THE COLLEGE OF CHARLESTON BY RECEIVING, ACQUIRING, RAISING, INVESTING AND REINVESTING MONEY AND PROPERTY. THESE EFFORTS RESULTED IN SIGNIFICANT COMMITMENTS REQUIRED TO ADVANCE THE COLLEGE'S MISSION AND PRIORITIES. IN THE FISCAL YEAR ENDING JUNE 30, 2018 THE FOUNDATION RAISED $15.6 MILLION IN NEW COMMITMENTS FROM MORE THAN 6,500 DONORS. THIS REPRESENTS THE SECOND-HIGHEST FUNDRAISING YEAR AFTER 2016 THE LAST YEAR OF THE BOUNDLESS CAMPAIGN. KEY FACTORS THAT DISTINGUISH THE ACHIEVEMENTS IN FY 18 INCLUDE:FOUR GIFTS OF $1 MILLION OR MORE$10.2 MILLION ACHIEVED THROUGH GIFTS OF $50,000 OR MORE$2.75 MILLION GARNERED THROUGH ANNUAL GIVING PROGRAMS (UNRESTRICTED AND RESTRICTED ANNUAL GIVING FUNDS)$4.16 MILLION SECURED IN PLANNED GIFTSALUMNI CONTINUE TO BE OUR LARGEST DONOR CONSTITUENCY, CONTRIBUTING 36 PERCENT OF NEW COMMITMENTS AN INCREASE IN TOTAL DONORS OF 13%AS ALWAYS, THE FOUNDATION ADVOCATES FOR PRIORITIES ACROSS CAMPUS, WITH A SPECIAL EMPHASIS ON SCHOLARSHIPS THAT IMPACT THE STUDENT EXPERIENCE DIRECTLY. APPROXIMATELY 700 STUDENTS RECEIVED SCHOLARSHIP FUNDING THROUGH THE FOUNDATION LAST YEAR, TOTALING NEARLY $3.8 MILLION. PRIVATE PHILANTHROPY FROM OUR GENEROUS DONORS NOT ONLY SUPPORTS SCHOLARSHIPS AND AWARDS, BUT ALSO IMPACTS EVERY AREA OF CAMPUS, FROM ATHLETICS AND THE ARTS TO SCIENCE, TECHNOLOGY AND BUSINESS. THE STORIES OF INSPIRATION AND MOTIVATION NO MATTER WHAT THE GIFT SIZE THAT TAKE PLACE BEHIND THE FIGURES OF DOLLARS AND DONORS TRULY DEMONSTRATE THE IMPACT OF GIVING ON THE COLLEGE OF CHARLESTON CAMPUS. FOLLOWING ARE EXAMPLES OF COMMITMENTS THAT ATTEST TO THE HIGH QUALITY EDUCATION AND CAMPUS EXPERIENCE THAT THE COLLEGE PROVIDES. SCHOLARSHIPS/AWARDSDANIEL JOHNSON '90 AND KATHLEEN BURKE COMMITTED $750,000 THROUGH THEIR ESTATE TO ESTABLISH THE JOHNSON-BURKE ANGEL OAK ENDOWED SCHOLARSHIP TO ASSIST RISING JUNIORS FROM SOUTH CAROLINA OR GEORGIA WITH FINANCIAL NEED IN THE SCHOOL OF THE ARTS; SCHOOL OF HUMANITIES AND SOCIAL SCIENCES; SCHOOL OF LANGUAGES, CULTURES AND WORLD AFFAIRS; OR SCHOOL OF SCIENCES AND MATHEMATICS. DR. RICHARD SANDERS '66 AND HIS WIFE DOROTHY ESTABLISHED THE RICHARD AND DOROTHY SANDERS ENDOWED SCHOLARSHIP THROUGH AN ESTATE GIFT OF $2 MILLION. THE SCHOLARSHIP WILL BENEFIT STUDENTS AT THE COLLEGE WHO DEMONSTRATE FINANCIAL NEED. DAVID WEISS AND MAUREEN COWIE, PARENTS OF SARAH WEISS-COWIE '17 ESTABLISHED AN ENDOWED AWARD FUND AS WELL AS AN IMMEDIATE-USE FUND TO BENEFIT STUDENTS SEEKING THEIR B.S. IN EDUCATION WHO HAS FINANCIAL NEED. SARAH'S PARENTS CREATED THE FUND IN HONOR OF AND IN TRIBUTE TO HER HARD WORK AND DEDICATION WHILE AT COFC. GERALD POLIS '62 GAVE AN INITIAL $50,000 GIFT TO ESTABLISH THE GERALD D. POLIS FAMILY ENDOWED VETERANS SCHOLARSHIP. THIS IS THE FIRST ENDOWED VETERANS SCHOLARSHIP AT THE COLLEGE. HONORS COLLEGEHARRY 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 MATHEMATICSJOHN AND RUTH MANSURE GAVE A TOTAL OF $75,000 TO ESTABLISH AN ENDOWED FUND AND IMMEDIATE USE FUND TO PROVIDE SCHOLARSHIPS FOR STUDENTS WITH FINANCIAL NEED MAJORING IN BIOCHEMISTRY OR CHEMISTRY. THE GIFT WAS MADE IN MEMORY OF THEIR SON JACK, WHO WAS A STUDENT AT THE COLLEGE OF CHARLESTON. SCHOOL OF BUSINESSPARENTS RICHARD AND REBECCA KAY COMMITTED $115,000 TO SUPPORT THE DEAN'S EXCELLENCE FUND AND $35,000 TO THE MBA SCHOLARSHIP.COFC PARENTS NOAH AND LISA LEASK COMMITTED $1.92 MILLION TO CREATE THE NOAH THOMAS LEASK DISTINGUISHED PROFESSORSHIP IN INFORMATION MANAGEMENT AND INNOVATION TO ATTRACT AND DEVELOP TOP TECHNOLOGY TALENT. FOR THE LEASKS, THE FORWARD-THINKING, INTEGRATED APPROACH THE SCHOOL OF BUSINESS OFFERED THE MOST EFFECTIVE PLACE TO BOLSTER TECHNOLOGY ENTREPRENEURISM AT THE COLLEGE LEVEL AND THEREBY ELEVATE THE TECHNOLOGY SECTOR THROUGHOUT THE CITY.SCHOOL OF HUMANITIES AND SOCIAL SCIENCESALUMNA MARIA DE LA GUARDIA BEGAN GIVING BACK SOON AFTER GRADUATING IN 1985. HER STEADY ENGAGEMENT FLOURISHED INTO A TRUE PASSION FOR HELPING TODAY'S STUDENTS. IN RESPONSE TO AN ALUMNI ASSOCIATION EMAIL ABOUT STUDENT HUNGER, DE LA GUARDIA MADE A 10-YEAR PLEDGE TO THE STUDENT EMERGENCY FUND AND THE ALUMNI ASSOCIATION GENERAL SCHOLARSHIP. SHE ALSO ESTABLISHED THE MARIA DE LA GUARDIA HUMANITIES SCHOLARSHIP WITH A COMMITMENT OF $25,000 TO RECRUIT OUT-OF-STATE FRESHMEN TO THE SCHOOL OF HUMANITIES AND SOCIAL SCIENCES.SCHOOL OF EDUCATION, HEALTH AND HUMAN PERFORMANCETHE JOSEPH J. SCHOTT FOUNDATION AND ITS TRUSTEES GAVE $20,000 TO THE COLLEGE TO CREATE THE JOSEPH J. SCHOTT HEALTH AND HUMAN PERFORMANCE SPEAKER SERIES. THIS INITIATIVE WILL ALLOW THE COLLEGE'S HEALTH AND HUMAN PERFORMANCE FACULTY TO THOUGHTFULLY SCHEDULE REGIONALLY AND NATIONALLY KNOWN SPEAKERS AND THOUGH LEADERS TO COVER A VARIETY OF TOPICS GERMANE TO THE EXERCISE SCIENCE, PUBLIC HEALTH AND ALLIED HEALTH FIELDS. 3527002 302573 0 SEE SCHEDULE O FOR A COMPLETE DESCRIPTION OF OUR ACCOMPLISHMENTSSCHOLARSHIPS AND AWARDSTHE FOUNDATION PROVIDED $3,527,002 IN FINANCIAL AID TO SUPPORT STUDENTS AT THE COLLEGE OF CHARLESTON. THIS FINANCIAL AID INCLUDES ACADEMIC, MERIT, AND TRAVEL ABROAD SCHOLARSHIP FUNDING. IN ADDITION, $302,573 WAS PROVIDED IN ACADEMIC AND MERIT ACHIEVEMENT AWARDS. 1,333 STUDENTS WERE BENEFICIARIES OF THE FINANCIAL AID AND ACADEMIC/MERIT ACHIEVEMENT AWARDS. 8935154 1 1 0 0 0 0 0 1 0 1 1 1 1 0 1 1 1 1 0 1 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 245 0 1 5 1 0 0 0 0 0 1 1 0 0 0 0 X 30 30 0 0 1 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 CHAIRMAN 1.00 X X 0 0 0 WILLIAM GLEN BROWN JR VICE CHAIRMAN 1.00 X X 0 0 0 STEPHEN R KERRIGAN TREASURER 1.00 X X 0 0 0 R KEITH SAULS 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 D SHERWOOD MILER III 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 JAMES F HIGHTOWER 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 PEGGY BOYKIN 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 W DIXON WOODWARD DIRECTOR 1.00 X 0 0 0 GEORGE P WATT JR EVP COFC/EXEC DIR OF FOUND 20.00 20.00 X 68524 112703 602 DEBYE ALDERMAN ASSISTANT TREASURER 20.00 20.00 X 0 98393 727 CHRIS TOBIN EVP-COFC/EXC DIR OF FOUNDATION 20.00 20.00 X 21576 180277 4512 GLENN MCCONNELL PRESIDENT OF COFC 20.00 20.00 X 112000 188000 0 DR ALAN SHAO DEAN, SCHOOL OF BUS. COFC 10.00 30.00 X 61800 260953 3248 263900 840326 9089 1 0 1 0 ARAMARK 66 GEORGE STREET CHARLESTON SC 29424 CATERING SERVICES 397845 BB&T FINANCIAL FSB 151 MEETING STREET CHARLESTON SC 29401 BANKING & FINANCIAL SERVICES 203685 SHERIAR PRESS 3005 HIGHWAY 17 NORTH BYPASS MYRTLE BEACH SC 29577 PRINTING SERVICES 110908 3 42881 14283036 877838 14325917 1114935 -51690 1166625 728743 0 728743 728743 728743 12757189 4808770 11996716 662335 760473 4146435 4906908 4906908 4717 42881 27457 -22740 -22740 76 -76 -76 OTHER REVENUE 900099 397431 397431 LICENSE TAG INCOME 900099 7560 7560 404991 21458678 0 -51690 7184451 5221040 5221040 302573 302573 266828 112000 77414 77414 1417546 655392 142434 619720 371683 169337 48513 153833 68282 31109 8912 28261 47318 2927 44391 27335 6012 21323 498694 406346 60776 31572 71619 61297 5450 4872 727232 557327 32635 137270 115465 12063 103402 251358 4701 246657 508956 392400 17815 98741 780116 680749 12072 87295 294911 249700 40343 4868 18373 18373 STUDENT DEVELOPMENT 58492 58492 RECRUITMENT 31293 29679 1614 PROFESSIONAL DEVELOPMEN 24145 85 10099 13961 11103259 8935154 783959 1384146 416884 426609 7031191 7492423 773341 849122 26998 26721 208858 203421 9201277 3619699 6276979 5581578 19269650 30047877 71456800 76973919 8812056 8861178 134412 83729 114407169 130546577 97192 106303 1239402 1311320 1423872 930969 2760466 2348592 X 9076673 14199014 46259321 54292090 56310709 59706881 111646703 128197985 114407169 130546577 X 10355419 6261041 -65178 X X 0 1 X 1 0 X 10051722 10998272 13535830 8811420 14325917 57723161 10051722 10998272 13535830 8811420 14325917 57723161 4861500 52861661 6226831 2011285 1686079 1826180 1843678 13594053 241113 292214 442534 425566 404991 1806418 73123632 6291 0.72290 0.71930 X 8861178 X X X 0 77346847 8488149 6991948 3622407 89204537 55908235 16272153 8052113 2885654 77346847 55207742 3044325 -79057 2264775 55908235 54697754 1840136 1012339 2342487 55207742 66287689 3311743 7220441 3552899 73266974 0.07560 0.92440 0 0 3439438 3439438 2090472 2085723 4749 19279 -16048 35327 1783229 1148666 634563 1868859 401358 1467501 5581578 TIFF KEYSTONE FUND 76973919 F 76973919 COLLECTIONS OF ART AND HISTORICAL TREASURES 8861178 C 8861178 ANNUITIES PAYABLE 80937 LINE OF CREDIT 850032 930969 X 27788079 6261041 43202 6304243 21483836 -34163 9005 -25158 21458678 11236797 106081 106081 11130716 -27457 -27457 11103259 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 540 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, 2018. 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 27,457. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PROMISES TO GIVE 15,745. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 9,005. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES INCLUDED IN REVENUE 34,163. CHANGE IN VALUE OF MARINE GENOMICS GRANT 71,918. 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 FRIENDS OF THE LIBRARY 28675 28675 13622 HONORS COLLEGE 18923 14206 4717 13835 47598 42881 4717 27457 27457 -22740 1 COLLEGE OF CHARLESTON 66 GEORGE ST CHARLESTON SC 29424 576000265 IRC 115 4940379 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, 2017 - JUNE 30, 2018 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 127963 COLLEGE OF CHARLESTON COUGAR CLUB: OPERATIONAL SUPPORT 2 ACADEMIC & ACHIEVEMENT AWARDS 368 302573 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 GEORGE P WATT JR EVP COFC/EXEC DIR OF FOUND 63749 112703 0 0 4775 0 0 0 0 602 68524 113305 0 0 CHRIS TOBIN EVP-COFC/EXC DIR OF FOUNDATION 20000 180277 0 0 1576 0 0 0 0 4512 21576 184789 0 0 GLENN MCCONNELL PRESIDENT OF COFC 112000 188000 0 0 0 0 0 0 0 0 112000 188000 0 0 DR ALAN SHAO DEAN, SCHOOL OF BUS. COFC 61800 260953 0 0 0 0 0 3248 0 0 61800 264201 0 0 X 2 22200 APPRAISAL X 1 1547 APPRAISAL X 46 665565 FAIR MARKET VALUE X 6 59122 APPRAISAL X 2 2580 FAIR MARKET VALUE X HORSES 3 119994 APPRAISAL X CAMERA EQUIPMENT 2 3830 FAIR MARKET VALUE X SAILBOAT SPINNAKER SAILS 1 3000 FAIR MARKET VALUE 0 1 0 FORM 990, PART III, LINE 4A LIBRARIES KATIE LEVI GIFTED THE FOUNDATION FULL-SIZE FOLIO REPRODUCTIONS OF THE AUDUBON BOOKS VALUED AT MORE THAN $32,000. SINCE THE FOUNDATION HAS THE ORIGINAL AUDUBON FOLIOS, WHICH ARE NORMALLY EXHIBITED TWO AT A TIME, TURNING PAGES ONCE A WEEK, THESE REPRODUCTIONS WILL ALLOW THE COLLEGE TO LET STUDENTS AND VISITORS TOUCH THE IMAGES, TURN PAGES, AND GET UP CLOSE AND PERSONAL WITH THESE UNIQUE RESOURCES. THE GAYLORD AND DOROTHY DONNELLEY FOUNDATION GRANTED $200,000 AND PHILANTHROPIST LINDA KETNER ISSUED A $25,000 CHALLENGE GRANT TO SUPPORT THE DOCUMENTING LGBTQ LIFE IN THE LOWCOUNTRY INITIATIVE, WHICH SEEKS TO SHED LIGHT ON THE EXPERIENCES OF THE REGION'S UNDERSTUDIED LGBTQ POPULATION BY COLLECTING ARCHIVAL MATERIALS AND RECORDING ORAL HISTORIES. SCHOOL OF THE ARTS THE JOANNA FOUNDATION GAVE THE HALSEY INSTITUTE OF CONTEMPORARY ART A GIFT OF $50,000 TO SUPPORT ITS ENDOWMENT. THE GIFT IS BEING USED TO LEVERAGE OTHER DONATIONS TO CONTINUE BUILDING THE HALSEY'S ENDOWMENT. IN RECOGNITION OF THIS GENEROUS COMMITMENT AS WELL AS THE LONG-TERM ASSOCIATION BETWEEN THE HALSEY AND THE JOANNA FOUNDATION, THE VIDEO CAVERN SCREENING ROOM HAS BEEN NAMED IN HONOR OF THE JOANNA FOUNDATION. SCHOOL OF PROFESSIONAL STUDIES PRUDENTIAL FINANCIAL GAVE $10,000 TO THE SCHOOL OF PROFESSIONAL STUDIES TO HELP UNDERWRITE THE VETERAN'S DAY EVENT, WHICH INCLUDES MILITARY AND VETERANS CAREER WORKSHOPS AND A HIRING EVENT FOR THE COLLEGE'S VETERAN AND ACTIVE MILITARY STUDENTS. SCHOOL OF LANGUAGES, CULTURES, AND WORLD AFFAIRS THE SAMUEL FREEMAN CHARITABLE TRUST CONTINUED ITS SUPPORT OF THE EFFORTS OF THE SCHOOL OF LANGUAGES, CULTURES, AND WORLD AFFAIRS TO BE THE INTERNATIONAL HUB FOR THE COLLEGE. THE TRUST'S RECENT COMMITMENTS SUPPORT THE INTERNATIONAL SCHOLARS PROGRAM, GLOBAL FLUENCY EXCHANGE (GFE) AND DISTINGUISHED SCHOLAR IN GLOBAL POLICY. THE GFE WILL BE THE CENTER-POINT FOR INTERNATIONAL EXPERIENTIAL LEARNING REQUIRED TO FULFILL THE COLLEGE'S AND LCWA'S MISSION BY CONNECTING OUR STUDENTS WITH OPPORTUNITIES TO INVOLVE THEMSELVES IN THINKING ABOUT AND WORKING ON REAL-WORLD CHALLENGES BOTH WITHIN OUR COMMUNITY AND ABROAD. THE DISTINGUISHED SCHOLAR WILL ATTRACT A RENOWNED EXPERT IN GLOBAL POLICY TO VISIT THE COLLEGE. ANITA ZUCKER PLEDGED $500,000 TO CREATE AN ENDOWED FUND TO PROVIDE AN ANNUAL AWARD FOR STUDENTS IN THE PERLMUTTER FELLOWS PROGRAM. THE AWARD IS USED FOR SUMMER RESEARCH, STUDY ABROAD AND OTHER EXPERIENTIAL LEARNING OPPORTUNITIES. ATHLETICS GREGORY J. PRYOR AND ANN PRYOR ESTABLISHED THE FIRST-EVER ENDOWED PROGRAM FUND FOR THE BASEBALL TEAM THROUGH AN ESTATE GIFT. THE UNRESTRICTED FUND WILL SUPPORT TRAVEL, COMPETITION AND PRACTICE EXPENSES AS WELL AS FACILITIES NEEDS. 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 PARENTS MIKE AND ALLYSON SANDERSON GAVE $50,000 TO SUPPORT THE BONNER LEADERS PROGRAM, A FOUR-YEAR CIVIC LEADERSHIP AND DEVELOPMENT PROGRAM HIGHLIGHTED BY REGULAR TRAINING AND REFLECTION ACTIVITIES. THE PROGRAM BENEFITS STUDENTS WHO HAVE DEMONSTRATED A COMMITMENT TO SERVICE, HAVE A DESIRE TO ENHANCE THEIR LEADERSHIP SKILLS, AND ARE ADVOCATES FOR SOCIAL JUSTICE AND CHANGE. THE CRON FAMILY FOUNDATION PROVIDED THE CROSSING THE CISTERN PROGRAM WITH ITS FIRST PHILANTHROPIC INVESTMENT. THE $15,000 GIFT WILL PROVIDE GENERAL PROGRAMMING SUPPORT TO THE PROGRAM, WHICH IS A ONE-YEAR MOMENTUM PROGRAM TO ADDRESS THE SCHOLASTIC STRUGGLES OF ALL STUDENTS, WITH A PARTICULAR FOCUS ON AFRICAN AMERICAN, LATIN AMERICAN, ASIAN AMERICAN AND NATIVE AMERICAN STUDENTS. DANIEL BARRY '88 AND HIS WIFE LESLIE PROVIDED A $100,000 COMMITMENT THROUGH THEIR ESTATE TO SUPPORT THE COLLEGE OF CHARLESTON FUND AREA OF GREATEST NEED. THIS FUND IS THE COLLEGE'S UNRESTRICTED FUND, WHICH ASSISTS WITH ADDRESSING IMMEDIATE NEEDS AS WELL AS EMERGING PRIORITIES OF THE SCHOOL. TD CHARITABLE FOUNDATION CONTINUED ITS SUPPORT OF THE EAST MEADOW FUND WITH A SECOND GIFT OF $12,500. THE FUND IS USED TO HELP DIVERSIFY AND ENHANCE THE EAST MEADOW AT THE COLLEGE'S PROPERTY ON THE STONO RIVER PART OF THE PROPERTY REFERRED TO AS THE EAST MEADOW TO MEET MULTIPLE ECOLOGICAL AND AESTHETIC GOALS. THE SPAULDING-PAOLOZZI FOUNDATION GRANTED THE COLLEGE $1.5 MILLION TO RENOVATE THE STAGE IN THE HISTORIC SOTTILE THEATRE. THE THEATRE IS USED BY THE COLLEGE AS WELL AS COMMUNITY ORGANIZATIONS, PARTICULARLY THE INTERNATIONALLY RENOWNED SPOLETO FESTIVAL USA. FORM 990, PART VI, SECTION A, LINE 4 DURING THE 2017 FISCAL YEAR, THE FOLLOWING CHANGES TO THE BYLAWS WERE ADOPTED BY THE BOARD OF DIRECTORS: DAY-TO-DAY ACTIVITIES OF THE BOARD ARE DELEGATED TO THE EXECUTIVE COMMITTEE (ARTICLE III.F.) THE BOARD SIZE MAY INCREASE TO UP TO 60 DIRECTORS, WITH NO MORE THAN EIGHT NEW DIRECTORS BEING ELECTED IN ANY ONE YEAR (ARTICLE IV, SECTION 4.2) CURRENTLY SERVING DIRECTORS MAY SERVE UP TO THREE CONSECUTIVE TERMS INSTEAD OF TWO (TO HELP FACILITATE A SMOOTH TRANSITION TO A LARGER BOARD) (ARTICLE IV, SECTION 4.3) CREATION OF AN ADVANCEMENT COMMITTEE TO FOCUS ON HOW THE COLLEGE CAN HELP ADVANCE THE COLLEGE, WHICH WILL ALSO INCLUDE NON-FOUNDATION BOARD MEMBERS AND MEMBERS OF THE COMMUNITY (ARTICLE VII, SECTION 7.1 AND SECTION 7.10) EXPANSION OF THE EXECUTIVE COMMITTEE TO 17 PEOPLE (ARTICLE VII, SECTION 7.2) 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 -9,005. CHANGE IN ALLOWANCE OF UNCOLLECTIBLE PROMISES TO GIVE 15,745. CHANGE IN VALUE OF MARINE GENOMICS GRANT -71,918. 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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