2018-02-15T14:36:47-06:00 2017-06-30 580692043 MAULDIN & JENKINS LLC 508 HAMPTON STREET COLUMBIA SC 29201 990 2016-07-01 237042391 UNIVERSITY OF SOUTH CAROLINA BUSINESS PARTNERSHIP FOUNDATION UNIV 8037774724 1014 GREENE STREET COLUMBIA SC 29208 DR RODNEY L ROENFELDT VICE PRESIDENT / SECRETARY 8037774724 2018-01-31 1 DAVID L SPLITTGERBER P01066536 8037995810 2018-01-31 50.192.51.169 2018-01-31 11:26:54 ES P F487C26CAA4C473767A496534A5CE7F05DA4D62A 214C0BEAC5DE12D6C56A08346905E6C4A6F8FC78 2016 2021-01-29 14:40:06Z DR RODNEY L ROENFELDT 1014 GREENE STREET COLUMBIA SC 29208 7763007 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. 13 13 6 0 0 0 47456676 1708840 1968880 2749676 2829414 3097379 5532 97098 52260502 7652993 16903800 3931721 0 0 235056 397300 0 0 0 4279573 2825844 21418429 7154865 30842073 498128 107722256 98921034 15698540 1101838 92023716 97819196 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 2935314 1261881 2749676 CONTINUING EDUCATION AND EDUCATIONAL PROGRAMS 1338351 1338351 SCHOLARSHIPS AND STUDENT ASSISTANCE 404483 202715 ACADEMIC PROGRAM AREAS 399984 DEVELOPMENT DIVISION 374409 FACULTY DEVELOPMENT 371827 371827 BUILDING AND FACILITIES 796599 756947 3194477 OTHER PROGRAM SERVICES 1942819 1128774 3194477 6620967 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 1 0 0 0 0 1 113 0 1 6 1 0 0 0 0 0 1 1 0 0 0 0 X 13 13 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 X JIMMY E ADDISON TRUSTEE 1.00 X 0 0 0 MICHAEL R BRENAN VICE CHAIR 1.00 X 0 0 0 D ROGER NANNEY TRUSTEE 1.00 X 0 0 0 WALTER L DAVIS TRUSTEE 1.00 X 0 0 0 JEAN E DUKE IMMEDIATE PAST CHAIR 1.00 X 0 0 0 AC FENNELL III TRUSTEE 1.00 X 0 0 0 CHARLES W GARNETT TREASURER 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 F A LOWREY CHAIR 1.00 X 0 0 0 DONALD R TOMLIN JR 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 BREWS EX-OFFICIO TRUSTEE 16.00 X 0 74197 0 RODNEY L ROENFELDT VP AND SECRETARY 16.00 X 65000 0 0 MICHAEL IAN FANNING PRESIDENT 40.00 40.00 X 0 0 0 TIMOTHY CARROLL PRESIDENT OF CORPORATE SOLUTIONS 40.00 40.00 X 42951 97972 0 107951 172169 0 0 0 0 0 SODEXO INC 915 GREGG STREET COLUMBIA SC 29208 CATERING AND FOOD SERVICES 380418 CORPORATE DEVELOPMINT LLC 333 CONFEDERATE CIRCLE CHARLESTON SC 29407 SERVICES TO RESTRUCT ORGANIZATION'S GOVE 165989 RAFAEL VINOLY ARCHITECTS PC 50 VANDAM STREET NEW YORK NY 10013 ARCHITECTURAL DESIGN AND SERVICES 117792 3 1708840 245860 1708840 CONTINUING ED FEES 900099 2749676 2749676 2749676 845289 845289 207112 110014 97098 97098 97098 2252090 0 2252090 2252090 2252090 7652993 5944153 0 0 3750011 3750011 181710 181710 241253 100628 140625 130144 130144 6716 6716 19187 19187 5161 5161 22000 22000 27253 27253 41789 20229 21560 111079 111039 40 38670 29777 8893 13974 8734 5240 248517 243630 4887 398616 395706 2910 25446 6133 19313 CONTINUING EDUCATION AN 1576297 1576297 OTHER CONTRACTED SERVIC 227804 108189 119615 PRIZES/GIFTS 54419 54419 34819 34465 354 7154865 6620967 533898 0 6844492 7443767 2530748 1819214 725391 914371 14950 55701 52555030 88630979 45051645 57002 107722256 98921034 473266 788188 15000000 225274 313650 15698540 1101838 X 14374206 45532475 49203065 21451374 28446445 30835347 92023716 97819196 107722256 98921034 498128 5297352 0 X X 0 1 X 1 0 X 8517202 5470660 3745940 47456676 1708840 66899318 8517202 5470660 3745940 47456676 1708840 66899318 66899318 2621402 2667524 4023003 2828842 3088443 15229214 82128532 10628681 0.81460 0.87260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 49694506 829274 8327753 28228121 87079654 50719931 521631 -1374289 172767 49694506 48408771 345003 2167113 200956 50719931 39290226 2263671 7859402 1004528 48408771 34637239 360615 5583021 1290649 39290226 0.44000 0.35000 0.21000 0 0 0 POOLED EQUITIES/STOCKS 16652409 F POOLED MONEY FUNDS 1001053 F POOLED MUTUAL FUNDS 49684853 F UNPOOLED CASH 5386117 F UNPOOLED STOCKS 925447 F UNPOOLED TREASURY SECURITIES 14981100 F 88630979 X 13060359 5297352 5297352 7763007 -110014 -110014 7652993 7264879 110014 110014 7154865 0 7154865 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. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE FEDERAL, STATE OF LOCAL TAX AUTHORITIES FOR THE YEARS BEFORE 2013. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES LEASE EXPENSE PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 1 SOUTH AMERICA 0 0 PROGRAM SERVICE EVENT AWARD 1000 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES TRAVEL 105507 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES TRAVEL AND LICENSE AGREEMENT 24242 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES HONORARIUM AND TRAVEL 47470 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EVENT DEPOSIT 2163 SOUTH ASIA 0 0 PROGRAM SERVICES REGISTRATION FEE 1328 0 0 0 0 0 0 181710 0 181710 SUB-SAHARAN AFRICA TRAVEL EXPENSES 90446 WIRE FMV SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, HOTEL EXPENSES 14600 WIRE FMV EUROPE (INCLUDING ICELAND & GREENLAND) SOFTWARE LICENSE AGREEMENT 15000 WIRE FMV HONORARIUM AMD TRAVEL EXPENSE MIDDLE EAST AND NORTH AFRICA 2 47470 WIRE FMV TRAVEL EXPENSE REIMBURSEMENT EUROPE (INCLUDING ICELAND & GREENLAND) 1 8315 WIRE FMV 0 0 0 0 0 0 PART I, LINE 2: THE USC BUSINESS PARTNERSHIP FOUNDATION OBTAINS THE NECESSARY SUPPORTING DOCUMENTATION IRS FOM W8BEN-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 EDUCATIONAL FOUNDATION 1027 BARNWELL STREET COLUMBIA SC 29208 576017985 417930 SUPPORT THE UNIVERSITY OF SOUTH CAROLINA UNIVERSITY OF SOUTH CAROLINA 1014 GREENE STREET COLUMBIA SC 29208 576001153 3332081 SUPPORT THE UNIVESITY OF SOUTH CAROLINA 2 0 0 0 0 0 0 1 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. CORPORATE DEVELOPMINT FORMER TRUSTEE OWNS CORPORATE DEVELOPMINT 60000 PERFORMED SERVICES TO RESTRUCTURE THE ORGANIZATION'S GOVERNING BODY 0 X 11 245860 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 BPF 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 VII, SECTION A, PAGE 7: THE FOUNDATION'S PRESIDENT WAS HIRED JANUARY 1, 2017 WITH A BOARD APPROVED ANNUAL SALARY OF $165,000. THEREFORE, THE FOUNDATION IS REPORTING NO COMPENSATION FOR THE PRESIDENT BECAUSE NO W-2 WAS ISSUED FOR CALENDAR YEAR 2016. 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. THIS PROCESS HAS NOT CHANGED. CORPORATE SOLUTIONS LLC 1014 GREENE STREET COLUMBIA SC 29208 462668105 TO FURTHER THE EXEMPT PURPOSES AND OBJECTIVES OF USC-BPF SC 3073167 4284468 UNIVERSITY OF SOUTH CAROLINA BUSINESS PARTNERSHIP FOUNDATION