FURMAN UNIVERSITY: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization: FURMAN UNIVERSITY (EIN 57-0314395)
Tax period: 2015-07-01 to 2016-06-30
Filed: 2017-05-11
IRS object ID: 201731319349302163
Schema version: 2015v3.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule E
Schedule F
Schedule G
Schedule I
Schedule J
Schedule K
Schedule L
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2017-05-11T10:57:58-04:00	ReturnTs
Tax Period End	2016-06-30	TaxPeriodEndDt
Return Type	990	ReturnTypeCd
Tax Period Begin	2015-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	570314395	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FURMAN UNIVERSITY	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	FURM	BusinessNameControlTxt
Phone	8642943496	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3300 POINSETT HIGHWAY	AddressLine1Txt
City	GREENVILLE	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29613	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MARY LOU MERKT	PersonNm
Person Title	VP FINANCE & ADMIN	PersonTitleTxt
Phone	8642943496	PhoneNum
Signature	2017-05-08	SignatureDt

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JANICE A RATICA	PreparerPersonNm
PTIN	P00358837	PTIN
Preparation	2017-05-11	PreparationDt

Field	Value	IRS element (for citing)
Tax	2015	TaxYr
Build TS	2021-01-29 14:40:06Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	MARY LOU MERKT	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3300 POINSETT HIGHWAY	AddressLine1Txt
City	GREENVILLE	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29613	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$276,744,447	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.FURMAN.EDU	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1826	FormationYr
Legal Domicile State	SC	LegalDomicileStateCd
Activity Or Mission	FURMAN UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION PROVIDING A DISTINCTIVE UNDERGRADUATE AND GRADUATE EDUCATION THAT EMPHASIZES AN ENGAGED APPROACH TO LIBERAL LEARNING.	ActivityOrMissionDesc
Voting Members Governing Body	33	VotingMembersGoverningBodyCnt
Voting Members Independent	31	VotingMembersIndependentCnt
Total Employee	2602	TotalEmployeeCnt
Total Volunteers	1000	TotalVolunteersCnt
Total Gross UBI	$249,039	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	-$24,537	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$18,765,448	PYContributionsGrantsAmt
CY Contributions Grants	$63,073,720	CYContributionsGrantsAmt
PY Program Service Revenue	$162,199,469	PYProgramServiceRevenueAmt
CY Program Service Revenue	$163,183,735	CYProgramServiceRevenueAmt
PY Investment Income	$48,363,384	PYInvestmentIncomeAmt
CY Investment Income	$15,816,388	CYInvestmentIncomeAmt
PY Other Revenue	$2,261,657	PYOtherRevenueAmt
CY Other Revenue	$2,817,590	CYOtherRevenueAmt
PY Total Revenue	$231,589,958	PYTotalRevenueAmt
CY Total Revenue	$244,891,433	CYTotalRevenueAmt
PY Grants And Similar Paid	$58,018,934	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$62,290,752	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$74,796,480	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$79,168,636	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$3,390	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$4,250,312	CYTotalFundraisingExpenseAmt
PY Other Expenses	$65,900,665	PYOtherExpensesAmt
CY Other Expenses	$68,494,308	CYOtherExpensesAmt
PY Total Expenses	$198,719,469	PYTotalExpensesAmt
CY Total Expenses	$209,953,696	CYTotalExpensesAmt
PY Revenues Less Expenses	$32,870,489	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$34,937,737	CYRevenuesLessExpensesAmt
Total Assets BOY	$1,009,063,027	TotalAssetsBOYAmt
Total Assets EOY	$1,049,724,992	TotalAssetsEOYAmt
Total Liabilities BOY	$128,843,046	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$155,119,097	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$880,219,981	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$894,605,895	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	THE PRIMARY MISSION OF FURMAN AS A LIBERAL ARTS INSTITUTION IS TO PROVIDE A DISTINCTIVE UNDERGRADUATE EDUCATION ENCOMPASSING HUMANITIES, FINE ARTS, SOCIAL SCIENCES, MATHEMATICS AND THE NATURAL SCIENCES, AND SELECTED PROFESSIONAL DISCIPLINES. FURMAN ALSO OFFERS GRADUATE PROGRAMS IN EDUCATION AND CHEMISTRY, AND PROVIDES A CONTINUING EDUCATION PROGRAM FOR THE LARGER GREENVILLE SC COMMUNITY.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$137,419,680	ExpenseAmt
Grant	$61,779,193	GrantAmt
Revenue	$126,124,719	RevenueAmt
Desc	INSTRUCTION OF APPROXIMATELY 3,000 STUDENTS IN UNDERGRADUATE AND GRADUATE PROGRAMS. IN ADDITION THE UNIVERSITY OFFERS STUDY AWAY PROGRAMS IN MORE THAN 20 COUNTRIES, AND MOST ARE LED BY FURMAN FACULTY. SCHOLARSHIPS ARE AWARDED TO ELIGIBLE STUDENTS BASED ON FINANCIAL NEED AND ACADEMIC MERIT. APPROXIMATELY 2,551 STUDENTS RECEIVED SCHOLARSHIPS FROM THE UNIVERSITY DURING THE YEAR.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$27,708,161	ExpenseAmt
Grant	$17,985	GrantAmt
Revenue	$3,491,180	RevenueAmt
Desc	A FURMAN EDUCATION INCLUDES CO-CURRICULAR EXPERIENCES WHICH INCREASE THE TRAJECTORY OF A STUDENT'S DEVELOPMENT SOCIALLY, PHYSICALLY, CULTURALLY, SPIRITUALLY AND INTELLECTUALLY. THE OVERALL STUDENT EXPERIENCE PROVIDES THE OPPORTUNITY TO TEST THE THEORETICAL IN REAL WORLD APPLICATIONS, PREPARING THEM FOR LIFE AFTER HIGHER EDUCATION. 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.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$21,865,005	ExpenseAmt
Revenue	$27,858,989	RevenueAmt
Desc	THE UNIVERSITY CONDUCTED AUXILIARY ENTERPRISES FOR THE CONVENIENCE OF STUDENTS, FACULTY, STAFF AND THE AT-LARGE COMMUNITY. THESE AUXILIARY ENTERPRISES CONSIST OF STUDENT HOUSING, GOLF COURSE, ARENA AND CONFERENCE CENTER.	Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

Field	Value	IRS element (for citing)
Expense	$557,339	ExpenseAmt
Grant	$493,574	GrantAmt
Revenue	$5,708,847	RevenueAmt
Desc	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.	Desc

Field	Value	IRS element (for citing)
Total Other Prog Srvc Expense	$557,339	TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant	$493,574	TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue	$5,708,847	TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses	$187,550,185	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	false	LobbyingActivitiesInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	Yes (true)	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	Yes (true)	CollectionsOfArtInd
Credit Counseling	Yes (true)	CreditCounselingInd
Temp Or Permanent Endowments	Yes (true)	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (true)	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (true)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (true)	ConsolidatedAuditFinclStmtInd
School Operating	Yes (true)	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	Yes (true)	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	Yes (true)	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	Yes (true)	GrantsToOrganizationsInd
Grants To Individuals	Yes (true)	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	Yes (true)	TaxExemptBondsInd
Invest Tax Exempt Bonds	false	InvestTaxExemptBondsInd
Escrow Account	false	EscrowAccountInd
On Behalf Of Issuer	false	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	Yes (true)	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	Yes (true)	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	Yes (true)	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	Yes (true)	DeductibleNonCashContriInd
Deductible Art Contribution	Yes (true)	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	Yes (true)	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	504	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	2602	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	Yes (true)	QuidProQuoContributionsInd
Quid Pro Quo Contri Discl	Yes (true)	QuidProQuoContriDisclInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	33	GoverningBodyVotingMembersCnt
Independent Voting Member	31	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	false	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	SC	StatesWhereCopyOfReturnIsFldCd
Own Website	Yes (X)	OwnWebsiteInd
Other Website	Yes (X)	OtherWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	AMY BARNHILL	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8642943496	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3300 POINSETT HIGHWAY	AddressLine1Txt
City	GREENVILLE	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29613	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (51 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
ROBERT E HILL
CHAIR	2.00	Yes (X)	$0	$0	$0
MICHAEL RIORDAN
VICE CHAIR	2.00	Yes (X)	$0	$0	$0
FRANCIE M HELLER
SECRETARY	2.00	Yes (X)	$0	$0	$0
JOHN DONALD ANDERSON
TRUSTEE	2.00	Yes (X)	$0	$0	$0
ANN P BRYAN
TRUSTEE	2.00	Yes (X)	$0	$0	$0
KEVIN R BRYANT
TRUSTEE	2.00	Yes (X)	$0	$0	$0
KEVIN T BYRNE
TRUSTEE	2.00	Yes (X)	$0	$0	$0
JOLLEY BRUCE CHRISTMAN
TRUSTEE	2.00	Yes (X)	$0	$0	$0
RICHARD CULLEN
TRUSTEE	2.00	Yes (X)	$0	$0	$0
W RANDY EADDY
TRUSTEE	2.00	Yes (X)	$0	$0	$0
DAVID G ELLISON
TRUSTEE	2.00	Yes (X)	$0	$0	$0
DOUGLAS K FREEMAN
TRUSTEE	2.00	Yes (X)	$0	$0	$0
P EDWIN GOOD
TRUSTEE	2.00	Yes (X)	$0	$0	$0
SEAN P HARTNESS
TRUSTEE	2.00	Yes (X)	$0	$0	$0
GORDON R HERRING
TRUSTEE	2.00	Yes (X)	$0	$0	$0
STANFORD J JENNINGS
TRUSTEE	2.00	Yes (X)	$0	$0	$0
JUAN D JOHNSON
TRUSTEE	2.00	Yes (X)	$0	$0	$0
JAMES C MABRY IV
TRUSTEE	2.00	Yes (X)	$0	$0	$0
E ERWIN MADDREY II
TRUSTEE	2.00	Yes (X)	$0	$0	$0
RONALD ALAN MALONE
TRUSTEE	2.00	Yes (X)	$0	$0	$0
JAMES M NEY
TRUSTEE	2.00	Yes (X)	$0	$0	$0
LEIGHAN ROBERTS RINKER
TRUSTEE	2.00	Yes (X)	$0	$0	$0
PAUL L ROBERTSON III
TRUSTEE	2.00	Yes (X)	$0	$0	$0
DANIEL S SANDERS
TRUSTEE	2.00	Yes (X)	$0	$0	$0
SUSAN T SHI
TRUSTEE	2.00	Yes (X)	$0	$0	$0
PEACE STERLING SULLIVAN
TRUSTEE	2.00	Yes (X)	$0	$0	$0
A ALEXANDER TAYLOR II
TRUSTEE	2.00	Yes (X)	$0	$0	$0
WILLIAM R TIMMONS III
TRUSTEE	2.00	Yes (X)	$0	$0	$0
WILLIAM BYRD TRAXLER JR
TRUSTEE	2.00	Yes (X)	$0	$0	$0
DAVID TRONE
TRUSTEE	2.00	Yes (X)	$0	$0	$0
RICHARD N WRENN JR
TRUSTEE	2.00	Yes (X)	$0	$0	$0
BAXTER M WYNN
TRUSTEE	2.00	Yes (X)	$0	$0	$0
JOHN C YATES
TRUSTEE	2.00	Yes (X)	$0	$0	$0
ELIZABETH DAVIS
PRESIDENT	40.00		$433,322	$0	$50,079	Yes (X)
MARY LOU MERKT
VP FINANCE	40.00		$225,852	$0	$44,470	Yes (X)	1.00
JOHN BECKFORD
VP ACADEMIC	40.00		$181,404	$0	$40,548	Yes (X)
MICHAEL D GATCHELL
VP DEVELOPME	40.00		$171,670	$0	$43,425	Yes (X)
CONNIE L CARSON
VP STUDENT L	40.00		$160,612	$0	$27,253	Yes (X)
MARK KELLY
VP MARKETING	40.00		$157,167	$0	$36,587	Yes (X)
GARY E CLARK
VP OF ATHLE	40.00		$146,515	$0	$32,716	Yes (X)
MIKE HENDRICKS
VP ENROLLMEN	40.00		$122,123	$0	$26,825	Yes (X)
BRUCE A FOWLER
HEAD FOOTBAL	40.00		$256,813	$0	$44,341			Yes (X)
KRISTOPHER N KAPOOR
INVESTMENT O	40.00		$217,095	$0	$40,361			Yes (X)
NIKO MEDVED
BASKETBALL C	40.00		$200,081	$0	$37,823			Yes (X)
DONALD L GORDON
DIR. RILEY I	40.00		$163,270	$0	$26,878			Yes (X)
FREDERICK M MILLER
INFORMATION	40.00		$162,537	$0	$45,059			Yes (X)
RICHARD FRANCIS MEADE
LACROSSE COA	40.00		$233,805	$0	$30,322				Yes (X)
LON B KNIGHT
PROFESSOR	40.00		$192,402	$0	$41,651				Yes (X)
KENNETH C ABERNETHY
PROFESSOR	40.00		$182,946	$0	$24,041				Yes (X)
JAMES L GUTH
PROFESSOR	40.00		$170,419	$0	$38,142				Yes (X)
WILLIAM JAMES PIERCE
PROFESSOR	40.00		$169,930	$0	$27,494				Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$3,547,963	TotalReportableCompFromOrgAmt
Total Other Compensation	$658,015	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	84	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
ARAMARK
PO BOX 828411	PHILADELPHIA	PA	19182	DINING CATERING	$11,996,072
TRIANGLE CONSTRUCTION COMPANY
PO BOX 6266 STATION B	GREENVILLE	SC	29606	CONSTRUCTION	$5,875,046
MAVIN CONSTRUCTION LLC
PO BOX 1941	GREENVILLE	SC	29602	CONSTRUCTION	$1,229,871
MARKETPLACE STAFFING SERVICES
200 ADLEY WAY	GREENVILLE	SC	29606	TEMPORARY STAFF	$819,443
CAMERON CONSTRUCTION INC
PO BOX 15120	GREENVILLE	SC	29610	CONSTRUCTION	$728,467

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	46	CntrctRcvdGreaterThan100KCnt
Fundraising	$222,830	FundraisingAmt
Related Organizations	$95,403	RelatedOrganizationsAmt
Government Grants	$2,335,258	GovernmentGrantsAmt
All Other Contributions	$60,420,229	AllOtherContributionsAmt
Noncash Contributions	$1,371,579	NoncashContributionsAmt
Total Contributions	$63,073,720	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	ExclusionExclusionAmt
TUITION AND FEES	611710	$126,124,719	$126,124,719
AUXILIARY SALES	611710	$27,858,989	$27,858,989
COMMISSION INCOME	611710	$3,779,155		$3,779,155
INTERCOLLEGIATE ATHLETICS	611600	$3,491,180	$3,491,180
OTHER INCOME	611710	$1,929,692	$1,929,692

Field	Value	IRS element (for citing)
Total Program Service Revenue	$163,183,735	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$8,010,257	TotalRevenueColumnAmt
Unrelated Business Revenue	$19,520	UnrelatedBusinessRevenueAmt
Exclusion	$7,990,737	ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$47,337	TotalRevenueColumnAmt
Exclusion	$47,337	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$3,748,120	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$1,808,447	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$1,939,673	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,939,673	TotalRevenueColumnAmt
Related Or Exempt Func Income	$528,491	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$223,507	UnrelatedBusinessRevenueAmt
Exclusion	$1,187,675	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$36,325,892	SecuritiesAmt
Other	$1,153,976	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$28,045,659	SecuritiesAmt
Other	$1,628,078	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$8,280,233	SecuritiesAmt
Other	-$474,102	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$7,806,131	TotalRevenueColumnAmt
Exclusion	$7,806,131	ExclusionAmt

Field	Value	IRS element (for citing)
Fundraising Gross Income	$153,277	FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event	$222,830	ContriRptFundraisingEventAmt
Fundraising Direct Expenses	$177,684	FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$24,407	TotalRevenueColumnAmt
Exclusion	-$24,407	ExclusionAmt

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	$237,348	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$193,146	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$44,202	TotalRevenueColumnAmt
Related Or Exempt Func Income	$38,190	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$6,012	UnrelatedBusinessRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	RELATED FEES	Desc
Business	611710	BusinessCd
Total Revenue Column	$810,785	TotalRevenueColumnAmt
Related Or Exempt Func Income	$810,785	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$810,785	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$244,891,433	TotalRevenueColumnAmt
Related Or Exempt Func Income	$160,782,046	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$249,039	UnrelatedBusinessRevenueAmt
Exclusion	$20,786,628	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$493,574	TotalAmt
Program Services	$493,574	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$61,797,178	TotalAmt
Program Services	$61,797,178	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$3,094,825	TotalAmt
Program Services	$1,467,202	ProgramServicesAmt
Management And General	$1,412,529	ManagementAndGeneralAmt
Fundraising	$215,094	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$55,377,902	TotalAmt
Program Services	$44,684,495	ProgramServicesAmt
Management And General	$8,502,432	ManagementAndGeneralAmt
Fundraising	$2,190,975	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$5,557,138	TotalAmt
Program Services	$4,289,780	ProgramServicesAmt
Management And General	$1,013,125	ManagementAndGeneralAmt
Fundraising	$254,233	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$11,098,932	TotalAmt
Program Services	$7,807,592	ProgramServicesAmt
Management And General	$2,962,863	ManagementAndGeneralAmt
Fundraising	$328,477	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$4,039,839	TotalAmt
Program Services	$3,201,701	ProgramServicesAmt
Management And General	$668,924	ManagementAndGeneralAmt
Fundraising	$169,214	FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$5,784,837	TotalAmt
Program Services	$3,566,470	ProgramServicesAmt
Management And General	$2,147,277	ManagementAndGeneralAmt
Fundraising	$71,090	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$375,791	TotalAmt
Program Services	$14,613	ProgramServicesAmt
Management And General	$361,178	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$97,000	TotalAmt
Management And General	$97,000	ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$2,981,364	TotalAmt
Management And General	$2,981,364	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$588,079	TotalAmt
Program Services	$356,887	ProgramServicesAmt
Management And General	$229,268	ManagementAndGeneralAmt
Fundraising	$1,924	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$312,484	TotalAmt
Program Services	$250,564	ProgramServicesAmt
Management And General	$55,858	ManagementAndGeneralAmt
Fundraising	$6,062	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$5,851,423	TotalAmt
Program Services	$3,652,791	ProgramServicesAmt
Management And General	$1,915,674	ManagementAndGeneralAmt
Fundraising	$282,958	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$3,475,331	TotalAmt
Program Services	$3,196,289	ProgramServicesAmt
Management And General	$244,570	ManagementAndGeneralAmt
Fundraising	$34,472	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$3,219,149	TotalAmt
Program Services	$19,710	ProgramServicesAmt
Management And General	$3,199,439	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$7,774,157	TotalAmt
Program Services	$7,379,676	ProgramServicesAmt
Management And General	$233,115	ManagementAndGeneralAmt
Fundraising	$161,366	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$1,949,577	TotalAmt
Program Services	$1,656,360	ProgramServicesAmt
Management And General	$112,788	ManagementAndGeneralAmt
Fundraising	$180,429	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$3,223,965	TotalAmt
Program Services	$2,576,709	ProgramServicesAmt
Management And General	$647,256	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$11,818,076	TotalAmt
Program Services	$9,897,793	ProgramServicesAmt
Management And General	$1,920,283	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$720,909	TotalAmt
Program Services	$340	ProgramServicesAmt
Management And General	$720,569	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
MEAL PLANS	$9,683,262	$9,683,262
ATHLETICS	$3,350,943	$3,350,943
RENTAL & MAINTENANCE	$2,984,606	$1,774,289	$1,195,673	$14,644
LIBRARY	$1,526,947	$1,526,919	$28

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,776,408	TotalAmt
Program Services	$14,905,048	ProgramServicesAmt
Management And General	-$12,468,014	ManagementAndGeneralAmt
Fundraising	$339,374	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$209,953,696	TotalAmt
Program Services	$187,550,185	ProgramServicesAmt
Management And General	$18,153,199	ManagementAndGeneralAmt
Fundraising	$4,250,312	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$33,249,657	BOYAmt
EOY	$7,858,442	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$10,759,454	BOYAmt
EOY	$30,766,282	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$13,801,730	BOYAmt
EOY	$46,883,700	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$2,302,208	BOYAmt
EOY	$2,746,166	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$4,856,804	BOYAmt
EOY	$4,864,460	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$257,814	BOYAmt
EOY	$256,319	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$1,847,365	BOYAmt
EOY	$3,031,659	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$440,433,991	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$173,052,852	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$258,596,622	BOYAmt
EOY	$267,381,139	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$139,503,370	BOYAmt
EOY	$123,929,491	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$541,231,337	BOYAmt
EOY	$559,824,402	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$2,656,666	BOYAmt
EOY	$2,182,932	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,009,063,027	BOYAmt
EOY	$1,049,724,992	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$9,264,728	BOYAmt
EOY	$11,054,689	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$8,685,269	BOYAmt
EOY	$8,609,780	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$94,510,000	BOYAmt
EOY	$117,020,000	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$135,428	BOYAmt
EOY	$277,413	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$4,728,915	BOYAmt
EOY	$4,394,409	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$11,518,706	BOYAmt
EOY	$13,762,806	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$128,843,046	BOYAmt
EOY	$155,119,097	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$333,274,670	BOYAmt
EOY	$326,895,052	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$380,293,613	BOYAmt
EOY	$365,514,621	EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$166,651,698	BOYAmt
EOY	$202,196,222	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$880,219,981	BOYAmt
EOY	$894,605,895	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,009,063,027	BOYAmt
EOY	$1,049,724,992	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$34,937,737	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$18,727,549	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$1,824,274	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	Yes (true)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (true)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$30,063,845	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$23,403,823	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$16,924,220	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$18,765,448	CurrentTaxYearMinus1YearAmt
Current Tax Year	$63,073,720	CurrentTaxYearAmt
Total	$152,231,056	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$30,063,845	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$23,403,823	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$16,924,220	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$18,765,448	CurrentTaxYearMinus1YearAmt
Current Tax Year	$63,073,720	CurrentTaxYearAmt
Total	$152,231,056	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$55,564,328	SubstantialContributorsTotAmt
Public Support Total170	$96,666,728	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$9,323,314	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$9,635,313	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$14,288,957	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$19,377,895	CurrentTaxYearMinus1YearAmt
Current Tax Year	$8,057,594	CurrentTaxYearAmt
Total	$60,683,073	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,306,527	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,363,659	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$68,843	CurrentTaxYearMinus2YearsAmt
Total	$3,739,029	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,255,061	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,086,740	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,784,103	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,444,746	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,652,566	CurrentTaxYearAmt
Total	$11,223,216	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$227,876,374	TotalSupportAmt
Gross Receipts Rltd Activities	$777,975,009	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.42420	PublicSupportCY170Pct
Public Support PY170	0.58300	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART II, LINE 10

11,223,216

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 7 AND COMPLETED THE SUPPORT SCHEDULE IN PART II TO SUBSTANTIATE THAT IT MEETS THE PUBLIC SUPPORT TEST. THE UNIVERSITY CONTINUES TO QUALIFY AS A SCHOOL.

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Donor Advised Funds Held	7	DonorAdvisedFundsHeldCnt
Donor Advised Funds Contri	$265,172	DonorAdvisedFundsContriAmt
Donor Advised Funds Grants	$247,060	DonorAdvisedFundsGrantsAmt
Donor Advised Funds Vl EOY	$2,748,726	DonorAdvisedFundsVlEOYAmt
Disclosed Org Leg Ctrl	Yes (true)	DisclosedOrgLegCtrlInd
Disclosed For Charitable Prps	Yes (true)	DisclosedForCharitablePrpsInd
Collection Used Pub Exhibition	Yes (X)	CollectionUsedPubExhibitionInd
Collection Used Preservation	Yes (X)	CollectionUsedPreservationInd
Solicited Assets Sale	false	SolicitedAssetsSaleInd
Agent Trustee Etc	false	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	Yes (true)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$631,397,402	BeginningYearBalanceAmt
Contributions	$13,018,109	ContributionsAmt
Investment Earnings Or Losses	-$1,924,812	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$9,938,999	GrantsOrScholarshipsAmt
Other Expenditures	$19,646,598	OtherExpendituresAmt
Administrative Expenses	$3,174,562	AdministrativeExpensesAmt
End Year Balance	$609,730,540	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$650,034,650	BeginningYearBalanceAmt
Contributions	$5,181,840	ContributionsAmt
Investment Earnings Or Losses	$7,679,281	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$9,448,629	GrantsOrScholarshipsAmt
Other Expenditures	$18,921,020	OtherExpendituresAmt
Administrative Expenses	$3,128,720	AdministrativeExpensesAmt
End Year Balance	$631,397,402	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$592,996,843	BeginningYearBalanceAmt
Contributions	$4,722,076	ContributionsAmt
Investment Earnings Or Losses	$83,577,966	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$8,997,876	GrantsOrScholarshipsAmt
Other Expenditures	$19,448,062	OtherExpendituresAmt
Administrative Expenses	$2,816,297	AdministrativeExpensesAmt
End Year Balance	$650,034,650	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$550,265,504	BeginningYearBalanceAmt
Contributions	$9,611,406	ContributionsAmt
Investment Earnings Or Losses	$60,686,228	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$8,491,806	GrantsOrScholarshipsAmt
Other Expenditures	$16,360,252	OtherExpendituresAmt
Administrative Expenses	$2,714,237	AdministrativeExpensesAmt
End Year Balance	$592,996,843	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$572,162,347	BeginningYearBalanceAmt
Contributions	$4,215,541	ContributionsAmt
Investment Earnings Or Losses	$670,762	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$8,044,600	GrantsOrScholarshipsAmt
Other Expenditures	$16,187,429	OtherExpendituresAmt
Administrative Expenses	$2,551,117	AdministrativeExpensesAmt
End Year Balance	$550,265,504	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.16000	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.28000	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.56000	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	Yes (true)	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	Yes (true)	EndowmentsHeldRelatedOrgInd
Related Org List Sch R	Yes (true)	RelatedOrgListSchRInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$27,862,494	OtherCostOrOtherBasisAmt
Book Value	$27,862,494	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$305,713,504	OtherCostOrOtherBasisAmt
Depreciation	$120,384,755	DepreciationAmt
Book Value	$185,328,749	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$90,577,668	OtherCostOrOtherBasisAmt
Depreciation	$52,668,097	DepreciationAmt
Book Value	$37,909,571	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$16,280,325	OtherCostOrOtherBasisAmt
Book Value	$16,280,325	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$267,381,139	TotalBookValueLandBuildingsAmt

Closely Held Equity Interests CloselyHeldEquityInterestsGrp

Field	Value	IRS element (for citing)
Book Value	$200,075	BookValueAmt
Method Valuation	F	MethodValuationCd

Other Securities OtherSecuritiesGrp (8 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
EQUITY SECURITIES	$160,626,558	F
FUNDS HELD IN TRUST BY OTHERS	$159,582,510	F
HEDGED STRATEGIES	$123,354,551	F
PRIVATE CAPITAL	$41,154,243	F
FIXED INCOME	$37,286,222	F
REAL ESTATE ASSET FUNDS	$36,351,187	F
REAL ESTATE	$1,160,379	C
REAL ESTATE	$108,677	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$559,824,402	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)

DescDesc	AmtAmt
ADVANCES - STUDENT LOANS	$4,493,527
BOND PREMIUM	$3,806,084
INTEREST RATE SWAP AGREEMENT	$1,885,689
SPLIT INTEREST AGREEMENTS	$1,492,300
ASSET RETIREMENT OBLIGATION	$1,452,407
CAPITAL LEASE AGREEMENTS	$632,799

Field	Value	IRS element (for citing)
Total Liability	$13,762,806	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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 OBJECTS, MANY PIECES ARE DISPLAYED THROUGHOUT CAMPUS, WHILE OTHERS ARE PRESERVED. THE OBJECTS HAVE BEEN GENEROUSLY DONATED TO FURMAN AND THE OBJECTS 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 TO PRESERVE 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, 2016 AND 2015 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED.

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (true)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (true)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (true)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (true)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (true)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (true)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (true)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	false	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	false	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	false	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	false	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	false	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	false	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	false	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	Yes (true)	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	false	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (true)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

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.

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	false	GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (33 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
CENTRAL AMERICA AND THE CARRIBEAN	PROGRAM SERVICES	ATHLETIC EVENTS	$5,703
CENTRAL AMERICA AND THE CARRIBEAN	PROGRAM SERVICES	TRANSLATOR	$2,000
CENTRAL AMERICA AND THE CARRIBEAN	PROGRAM SERVICES	STUDY-AWAY	$12,594
CENTRAL AMERICA AND THE CARRIBEAN	INVESTMENTS		$99,239,021
EAST ASIA AND THE PACIFIC	PROGRAM SERVICES	CONFERENCE	$1,965
EAST ASIA AND THE PACIFIC	PROGRAM SERVICES	STUDENT RECRUITING	$2,409
EAST ASIA AND THE PACIFIC	PROGRAM SERVICES	STUDY AWAY	$49,717
EAST ASIA AND THE PACIFIC	PROGRAM SERVICES	SUPPLIES	$7,049
EAST ASIA AND THE PACIFIC	PROGRAM SERVICES	LANGUAGE IMMERSION	$7,111
EAST ASIA AND THE PACIFIC	INVESTMENTS		$1,498,176
EUROPE	PROGRAM SERVICES	STUDENT RECRUITING	$5,928
EUROPE	PROGRAM SERVICES	ATHLETIC EVENTS	$3,536
EUROPE	PROGRAM SERVICES	CONFERENCE	$1,013
EUROPE	PROGRAM SERVICES	GUEST SPEAKER	$5,511
EUROPE	PROGRAM SERVICES	SUPPLIES	$21,890
EUROPE	PROGRAM SERVICES	SUBSCRIPTION	$3,200
EUROPE	PROGRAM SERVICES	STUDENT CONFERENCE	$14,495
EUROPE	PROGRAM SERVICES	STUDENT REFUND	$401
EUROPE	PROGRAM SERVICES	SERVICE LEARNING	$3,296
EUROPE	PROGRAM SERVICES	STUDENT RESEARCH	$2,414
EUROPE	PROGRAM SERVICES	VISITING ARTIST	$12,588
EUROPE	PROGRAM SERVICES	FACULTY DEVELOPMENT	$7,528
EUROPE	PROGRAM SERVICES	FACULTY RESEARCH	$6,618
EUROPE	PROGRAM SERVICES	LIBRARY RESOURCES	$19,775
EUROPE	PROGRAM SERVICES	STUDY AWAY	$1,021,773
MIDDLE EAST AND NORTH AFRICA	PROGRAM SERVICES	ILLUSTRATOR	$350
MIDDLE EAST AND NORTH AFRICA	PROGRAM SERVICES	STUDY AWAY	$152,077
MIDDLE EAST AND NORTH AFRICA	PROGRAM SERVICES	GUEST SPEAKER	$700
NORTH AMERICA	PROGRAM SERVICES	STUDY AWAY	$4,100
SOUTH AMERICA	PROGRAM SERVICES	STUDY AWAY	$151,657
SOUTH ASIA	PROGRAM SERVICES	STUDY AWAY	$40,789
SUB-SAHARAN AFRICA	PROGRAM SERVICES	STUDY AWAY	$78,906
SUB-SAHARAN AFRICA	PROGRAM SERVICES	GUEST SPEAKER	$840

Field	Value	IRS element (for citing)
Subtotal Spent	$100,881,318	SubtotalSpentAmt
Continuation Spent	$1,503,812	ContinuationSpentAmt
Total Spent	$102,385,130	TotalSpentAmt
Transfer To Foreign Corp	Yes (true)	TransferToForeignCorpInd
Interest In Foreign Trust	false	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (true)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	Yes (true)	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (true)	ForeignPartnershipInd
Boycott Countries	false	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

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 RESERACH 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 5,703 0 CENTRAL AMERICA AND THE CARRIBEAN 2,000 0 CENTRAL AMERICA AND THE CARRIBEAN 12,594 0 CENTRAL AMERICA AND THE CARRIBEAN 0 99,239,021 EAST ASIA AND THE PACIFIC 1,965 0 EAST ASIA AND THE PACIFIC 2,409 0 EAST ASIA AND THE PACIFIC 49,717 0 EAST ASIA AND THE PACIFIC 7,049 0 EAST ASIA AND THE PACIFIC 7,111 0 EAST ASIA AND THE PACIFIC 0 1,498,176 EUROPE 5,928 0 EUROPE 3,536 0 EUROPE 1,013 0 EUROPE 5,511 0 EUROPE 21,890 0 EUROPE 3,200 0 EUROPE 14,495 0 EUROPE 401 0 EUROPE 3,296 0 EUROPE 2,414 0 EUROPE 12,588 0 EUROPE 7,528 0 EUROPE 6,618 0 EUROPE 19,775 0 EUROPE 1,021,773 0 MIDDLE EAST AND NORTH AFRICA 350 0 MIDDLE EAST AND NORTH AFRICA 152,077 0 MIDDLE EAST AND NORTH AFRICA 700 0 NORTH AMERICA 4,100 0 SOUTH AMERICA 151,657 0 SOUTH ASIA 40,789 0 SUB-SAHARAN AFRICA 78,906 0 SUB-SAHARAN AFRICA 840 0

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

Field	Value	IRS element (for citing)
Event1	SANDERS HISTORY	Event1Nm
Gross Receipts Event1	$122,385	GrossReceiptsEvent1Amt
Charitable Contri Event1	$69,575	CharitableContriEvent1Amt
Gross Revenue Event1	$52,810	GrossRevenueEvent1Amt
Non Cash Prizes Event1	$8,821	NonCashPrizesEvent1Amt
Food And Beverage Event1	$4,630	FoodAndBeverageEvent1Amt
Entertainment Event1	$47,500	EntertainmentEvent1Amt
Other Direct Expenses Event1	$20,128	OtherDirectExpensesEvent1Amt
Event2	GOLF TOURNAMENT	Event2Nm
Gross Receipts Event2	$74,455	GrossReceiptsEvent2Amt
Charitable Contri Event2	$47,520	CharitableContriEvent2Amt
Gross Revenue Event2	$26,935	GrossRevenueEvent2Amt
Non Cash Prizes Event2	$2,805	NonCashPrizesEvent2Amt
Rent Facility Costs Event2	$5,905	RentFacilityCostsEvent2Amt
Food And Beverage Event2	$6,825	FoodAndBeverageEvent2Amt
Other Direct Expenses Event2	$6,308	OtherDirectExpensesEvent2Amt
Other Events Total	7	OtherEventsTotalCnt
Gross Receipts Other Events	$172,107	GrossReceiptsOtherEventsAmt
Charitable Contri Other Events	$102,285	CharitableContriOtherEventsAmt
Gross Revenue Other Events	$69,822	GrossRevenueOtherEventsAmt
Non Cash Prizes Other Events	$16,628	NonCashPrizesOtherEventsAmt
Rent Fclty Costs Other Events	$15,342	RentFcltyCostsOtherEventsAmt
Food And Beverage Other Events	$26,917	FoodAndBeverageOtherEventsAmt
Entertainment Other Events	$2,000	EntertainmentOtherEventsAmt
Oth Direct Expnss Other Events	$12,132	OthDirectExpnssOtherEventsAmt
Gross Receipts Total	$368,947	GrossReceiptsTotalAmt
Charitable Contributions Tot	$219,380	CharitableContributionsTotAmt
Gross Revenue Total Events	$149,567	GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events	$28,254	NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events	$21,247	RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events	$38,372	FoodAndBeverageTotalEventsAmt
Entertainment Total Events	$49,500	EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events	$38,568	OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events	$175,941	DirectExpenseSummaryEventsAmt
Net Income Summary	-$26,374	NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (14 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Purpose Of GrantPurposeOfGrantTxt
ZAP FITNESS FOUNDATION
9560 BLACKBERRY RD	LENOIR	NC	28645	562275993	501C3	$6,690	DONATION
THE GREENVILLE DRIVE LLC
945 S MAIN ST	GREENVILLE	SC	29601	576019318	N/A	$75,000	SPONSORSHIP
GREENVILLE CHAMBER OF COMMERCE
24 CLEVELAND ST	GREENVILLE	SC	29601	570173240	501C6	$22,206	SPONSORSHIP
UPCOUNTRY HISTORY MUSEUM
540 BUNCOMBE ST	GREENVILLE	SC	29601	570833796	501C3	$200,000	OPERATING SUPPORT
ARTISPHERE
16 AUGUSTA ST	GREENVILLE	SC	29601	582676608	501C3	$10,000	SPONSORSHIP
EMPIRE MOCK TRIAL ASSOCIATION INC
515 ROUTE 33	MILLSTONE	NJ	08535	260150254	501C3	$6,500	DONATION
FALL FOR GREENVILLE INC
PO BOX 2207	GREENVILLE	SC	29602	570876594	501C3	$6,000	SPONSORSHIP
GREENVILLE UNITARIAN UNIVERSALIST
1135 STATE PARK RD	GREENVILLE	SC	29609	576081496	501C3	$19,710	DONATION
INTERNATIONAL CENTER OF THE UPSTATE
9 S MEMMINGER ST	GREENVILLE	SC	29601	571064857	501C3	$11,500	DONATION
LIRA MOTORSPORTS OF FLORIDA
2090 SPRUCE CREEK CIRCLE W	PORT ORANGE	FL	32128	020709909	N/A	$10,000	SPONSORSHIP
MEDIA VENTURES LLC
4 TANTALLON CT	SIMPSONVILLE	SC	29681	462802268	N/A	$13,000	DONATION
MIRACLE HILL MINISTRIES
PO BOX 2546	GREENVILLE	SC	29602	570425826	501C3	$39,710	DONATION
PROJECT HOST INC
525 S ACADEMY STREET	GREENVILLE	SC	29601	570728041	501C3	$19,710	DONATION
RESOURCE MODELING ASSOCIATION
1700 EASTRIDGE CT	NORTHFIELD	MN	55057	830491028	501C3	$15,000	DONATION

Field	Value	IRS element (for citing)
Total501c3 Org	10	Total501c3OrgCnt
Total Other Org	4	TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (7 entries)

Grant TypeGrantTypeTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt
UNDERGRAD SCHOLARSHIPS	2229	$48,553,099
ATHLETIC SCHOLARSHIPS	322	$12,204,830
GRADUATE SCHOLARSHIPS	9	$34,713
INTERNSHIPS	651	$705,147
RESEARCH STIPENDS	159	$270,605
GRADUATE STIPENDS	10	$20,900
OTHER STIPENDS	78	$7,884

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE I, PAGE 1, PART I, LINE 2	FormAndLineReferenceDesc
Explanation	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.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	Yes (X)	TravelForCompanionsInd
Housing Allowance Or Residence	Yes (X)	HousingAllowanceOrResidenceInd
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Written Policy Ref T And E Expnss	Yes (true)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	false	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	false	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	false	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	false	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	false	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	Yes (true)	AnyNonFixedPaymentsInd
Initial Contract Exception	false	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (17 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount
ELIZABETH DAVIS
PRESIDENT	$389,533	$43,789	$33,125	$16,954	$483,401
MARY LOU MERKT
VP FINANCE & ADMIN	$182,628	$43,224	$28,511	$15,959	$270,322
JOHN BECKFORD
VP ACADEMIC AFFAIRS	$179,968	$1,436	$23,307	$17,241	$221,952
MICHAEL D GATCHELL
VP DEVELOPMENT	$156,290	$15,380	$22,075	$21,350	$215,095
CONNIE L CARSON
VP STUDENT LIFE	$159,714	$898	$20,214	$7,039	$187,865
MARK KELLY
VP MARKETING & PR	$156,263	$904	$20,357	$16,230	$193,754
GARY E CLARK
VP OF ATHLETICS	$145,688	$827	$18,606	$14,110	$179,231
BRUCE A FOWLER
HEAD FOOTBALL COACH	$210,459	$26,354	$29,153	$15,188	$301,154	$20,000
KRISTOPHER N KAPOOR
INVESTMENT OFFICER	$138,374	$37,499	$22,618	$17,743	$257,456	$41,222
NIKO MEDVED
BASKETBALL COACH	$179,682	$10,399	$23,409	$14,414	$237,904	$10,000
DONALD L GORDON
DIR. RILEY INSTITUTE	$151,619	$11,651	$19,835	$7,043	$190,148
FREDERICK M MILLER
INFORMATION OFFICER	$160,035	$2,502	$21,081	$23,978	$207,596
RICHARD FRANCIS MEADE
LACROSSE COACH	$207,746	$26,059	$29,253	$1,069	$264,127
LON B KNIGHT
PROFESSOR	$167,329	$25,073	$24,233	$17,418	$234,053
KENNETH C ABERNETHY
PROFESSOR	$169,523	$13,423	$7,669	$16,372	$206,987
JAMES L GUTH
PROFESSOR	$145,456	$24,963	$21,630	$16,512	$208,561
WILLIAM JAMES PIERCE
PROFESSOR	$145,052	$24,878	$19,721	$7,773	$197,424

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

SCHEDULE J, PAGE 1, PART I, LINE 1A

TRAVEL FOR 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 AND MICHAEL GATCHELL 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 OUR 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 BRUCE FOWLER, NIKO MEDVED AND KRISTOPHER KAPOOR. THE PAYMENTS WERE FOR MERIT AND WERE NOT CONTINGENT ON THE REVENUES OR NET EARNINGS OF THE UNIVERSITY OR ANY RELATED ORGANIZATION.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

Bond ReferenceBondReferenceCd	Bond Issuer EINBondIssuerEIN	CUSIPCUSIPNum	Bond IssuedBondIssuedDt	Issue PriceIssuePriceAmt	PurposePurposeDesc	DefeasedDefeasedInd	On Behalf Of IssuerOnBehalfOfIssuerInd	Pool FinancingPoolFinancingInd
EFA FOR PRIVATE NON-PROFIT
A	576000286	836896GE4	2006-07-06	$46,660,000	REFUNDING AND CAPITAL IMPROVEMENTS	false	false	false
EFA FOR PRIVATE NON-PROFIT
B	576000286	836896JA4	2010-03-18	$21,867,529	REFUNDING AND CAPITAL IMPROVEMENTS	false	false	false
SC JOBS - ECONOMIC DEV AUTHORITY
C	570960018	837031UL5	2015-08-13	$68,432,003	REFUNDING AND CAPITAL IMPROVMENTS	false	false	false

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

Bond ReferenceBondReferenceCd	RetiredRetiredAmt	Total ProceedsTotalProceedsAmt	Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt	Capital ExpendituresCapitalExpendituresAmt	Substantial CompletionSubstantialCompletionYr	Current RefundingCurrentRefundingInd	Advance RefundingAdvanceRefundingInd	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd	Refunding EscrowRefundingEscrowAmt	UnspentUnspentAmt
A	$845,000	$47,233,539	$305,000	$11,050,906	2008	Yes (true)	false	Yes (true)	Yes (true)
B	$1,335,000	$21,867,529	$277,059	$1,000,000	2012	Yes (true)	Yes (true)	Yes (true)	Yes (true)
C		$68,195,261	$410,882	$13,673,087	2017	false	Yes (true)	false	Yes (true)	$42,771,830	$11,326,913

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

Bond ReferenceBondReferenceCd	Owning Bond Financed PropertyOwningBondFinancedPropertyInd	Any Lease ArrangementsAnyLeaseArrangementsInd	Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd	Any Research AgreementsAnyResearchAgreementsInd	Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd	Change In Use Bond Financed PropChangeInUseBondFinancedPropInd	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A	false	false	false	false	false	false	Yes (true)
B	false	false	false	false	false	false	Yes (true)
C	false	false	false	false	false	false	Yes (true)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCd	Form8038 T FiledForm8038TFiledInd	Variable Rate IssueVariableRateIssueInd	Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd	Term Of HedgeTermOfHedgePct	Superintegrated HedgeSuperintegratedHedgeInd	Hedge TerminatedHedgeTerminatedInd	Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd	Business Name Line1GICProviderName/BusinessNameLine1Txt	Term Of GICTermOfGICPct	Regulatory Safe Harbor StsfdRegulatorySafeHarborStsfdInd	Gross Proceeds InvestedGrossProceedsInvestedInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd	Rebate Not Due YetRebateNotDueYetInd	Exception To RebateExceptionToRebateInd	No Rebate DueNoRebateDueInd
WELLS FARGO
A	Yes (true)	Yes (true)	Yes (true)	20.000000000000	false	false	Yes (true)	TRINITY PLUS	1.800000000000	Yes (true)	false	Yes (true)
(no name)
B	false	false	false				false				false	Yes (true)	false	false	Yes (true)
(no name)
C	false	false	false				false				false	Yes (true)	Yes (true)	false	false

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

Bond ReferenceBondReferenceCd	Procedures Corrective ActionProceduresCorrectiveActionInd
A	Yes (true)
B	Yes (true)
C	Yes (true)

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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 PART II, LINE 3, COLUMN D - PROCEEDS FOR ISSUE: 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
SCHEDULE K - ADDITIONAL INFORMATION	SC JOBS - ECONOMIC DEV. AUTHORITY AS PART OF THE 8/13/15 BOND ISSUANCE, BONDS ISSUED ON 4/16/06 WERE ADVANCED REFUNDED. THE REFUNDED BONDS WERE CALLED ON 10/1/2016.

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (6 entries)

Relationship With OrgRelationshipWithOrgTxt	Cash GrantCashGrantAmt	Type Of AssistanceTypeOfAssistanceTxt	Assistance PurposeAssistancePurposeTxt
NA
N/A	$20,000	TUITION DISC	MERIT SCHOLARSHIP
NA
N/A	$25,000	TUITION DISC	MERIT SCHOLARSHIP
NA
N/A	$45,632	TUITION DISC	DEPENDENT TUITION
NA
N/A	$1,500	TUITION DISC	DEPENDENT TUITION
NA
N/A	$95,100	TUITION DISC	DEPENDENT TUITION
NA
N/A	$68,448	TUITION DISC	DEPENDENT TUITION

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (4 entries)

Relationship DescriptionRelationshipDescriptionTxt	TransactionTransactionAmt	TransactionTransactionDesc	Sharing Of RevenuesSharingOfRevenuesInd
COURTNEY TOLLISON
SP OF TRUSTEE	$41,436	SALARY	false
WILLIAM MERKT
SP OF OFFICER	$12,600	SALARY	false
ERICA MEDVED
SP OF KEY EMPL.	$23,258	SALARY	false
JUAN JOHNSON CONSULTING LLC
TRUSTEE	$150,000	CONSULTANT	false

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE L, PART V	FormAndLineReferenceDesc
Explanation	SCH L, PART III THE UNIVERSITY HAS AN EMPLOYEE DEPENDENT TUITION REMISSION BENEFIT PLAN, WHICH IS AVAILABLE TO ALL EMPLOYEES AND ELIGIBLE DEPENDENTS. SCH L, PART IV JUAN JOHNSON CONSULTING AND FACILITATION, LLC - UNIVERSITY TRUSTEE JUAN JOHNSON IS AN OFFICER OF JUAN JOHNSON CONSULTING AND FACILITATION, LLC. THE COMPANY PROVIDES DIVERSITY LEADERSHIP TRAINING THROUGH THE RICHARD W. RILEY INSTITUTE OF GOVERNMENT, POLITICS AND PUBLIC LEADERSHIP AT FURMAN UNIVERSITY. 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. ERICA MEDVED: SPOUSE OF HEAD BASKETBALL COACH AND KEY EMPLOYEE NIKO MEDVED, WAS PAID WAGES FOR HER EMPLOYMENT WITH THE FILING ORGANIZATION.	ExplanationTxt

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$2	NoncashContributionsRptF990Amt
Method Of Determining Revenues	BOOK VALUE	MethodOfDeterminingRevenuesTxt

Art Historical Treasures ArtHistoricalTreasuresGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$8,000	NoncashContributionsRptF990Amt
Method Of Determining Revenues	APPRAISAL	MethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	70	ContributionCnt
Noncash Contributions Rpt F990	$1,231,128	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Securities Closely Held Stock SecuritiesCloselyHeldStockGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$100,046	NoncashContributionsRptF990Amt
Method Of Determining Revenues	INDEPENDENT VALUE	MethodOfDeterminingRevenuesTxt

Food Inventory FoodInventoryGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$21,181	NoncashContributionsRptF990Amt
Method Of Determining Revenues	COST	MethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)

Non Cash CheckboxNonCashCheckboxInd	DescDesc	ContributionContributionCnt	Noncash Contributions Rpt F990NoncashContributionsRptF990Amt	Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)	MISCELLANEOUS	2	$1,519	FMV
Yes (X)	CHAMP. RINGS	1	$6,500	COST
Yes (X)	LIFE INS PREM	1	$3,203	COST

Field	Value	IRS element (for citing)
Form8283 Received	1	Form8283ReceivedCnt
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (true)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	Yes (true)	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE M, PAGE 1, PART I, LINE 32B	VARIOUS BANKS AND BROKERS ARE USED TO SELL DONATED SECURITIES.
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.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSION	THE PRIMARY MISSION OF FURMAN AS A LIBERAL ARTS INSTITUTION IS TO PROVIDE A DISTINCTIVE UNDERGRADUATE EDUCATION ENCOMPASSING HUMANITIES, FINE ARTS, SOCIAL SCIENCES, MATHEMATICS AND THE NATURAL SCIENCES, AND SELECTED PROFESSIONAL DISCIPLINES. FURMAN ALSO OFFERS GRADUATE PROGRAMS IN EDUCATION AND CHEMISTRY, AND PROVIDES A CONTINUING EDUCATION PROGRAM FOR THE LARGER GREENVILLE SC COMMUNITY.
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 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 AND FORM 990 CAN BE FOUND ON THE FURMAN WEBSITE.
FORM 990, PART XI, LINE 9	CHANGE IN SPLIT INTEREST AGREEMENT 256,258 CSV LIFE INSURANCE -1,862,680 INTEREST RATE EXCHANGE AGRMT. -217,619 MISC ADJ -233 TOTAL -1,824,274
FORM 990, PART XII	FURMAN UNIVERSITY HAS AN AUDIT COMMITTEE COMPRISED OF 5 MEMBERS OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENTS OF THE UNIVERSITY. ADDITIONALLY, THE AUDIT COMMITTEE IS RESPONSIBLE FOR THE ELECTION AND RETAINMENT OF THE INDEPENDENT AUDIT FIRM. THERE HAVE BEEN NO CHANGES IN THE OVERSIGHT PROCESS OR THE SELECTION PROCESS DURING THE TAX YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Exempt Code SectionExemptCodeSectionTxt	Public Charity StatusPublicCharityStatusTxt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Controlled OrganizationControlledOrganizationInd
FURMAN UNIVERSITY FOUNDATION
3300 POINSETT HWY	GREENVILLE	SC	29613	571061363	FOUNDATION	SC	501C3	11B	NA	false
HOLLINGSWORTH FUNDS INC
124 VERDAE BLVD STE 10	GREENVILLE	SC	29607	571003814	CHARITABLE	SC	501C3	11A	NA	false
UPCOUNTRY HISTORY MUSEUM
540 BUNCOMBE ST	GREENVILLE	SC	29601	570833796	MUSEUM	SC	501C3	7	NA	false

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Entity TypeEntityTypeTxt	Controlled OrganizationControlledOrganizationInd
CHARITABLE REMAINDER UNITRUSTS (10)
SPLIT INT	SC	NA	TRUST	false
CHARITABLE REMAINDER ANNUITY TRUST
SPLIT INT	SC	NA	TRUST	false

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	false	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	Yes (true)	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	Yes (true)	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	false	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	false	DivRelatedOrganizationInd
Asset Sale To Other Org	false	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	false	AssetPurchaseFromOtherOrgInd
Asset Exchange	false	AssetExchangeInd
Rental Of Facilities To Oth Org	false	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	false	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	false	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	false	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	false	SharingOfFacilitiesInd
Paid Employees Sharing	false	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	false	TransferToOtherOrgInd
Transfer From Other Org	Yes (true)	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
UPCOUNTRY HISTORY MUSEUM
B	$200,000	OPERATING SUPPORT
HOLLINGSWORTH FUNDS INC
S	$3,139,204	CASH RECEIVED
FURMAN UNIVERSITY FOUNDATION
C	$95,403	CASH RECEIVED

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE R	FormAndLineReferenceDesc
Explanation	THE UPCOUNTRY HISTORY MUSEUM IS A 501(C)(3) TAX EXEMPT ORGANIZATION. FURMAN UNIVERSITY PROVIDES OPERATING SUPPORT. HOLLINGSWORTH FUNDS, INC. IS A TAX EXEMPT SUPPORTING ORGANIZATION UNDER SECTION 509(C)(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, 2016, INCOME DISTRIBUTIONS FROM THE HOLLINGSWORTH FUNDS, WHICH ARE REPORTED AS INVESTMENT RETURNS, WERE 3,139,204, 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) ACCEPTS GIFTS OF REAL PROPERTY ON BEHALF OF FURMAN UNIVERSITY. THE FOUNDATION, AS LESSOR, HAS A GROUND LEASE WITH A SC NON-PROFIT CORPORATION. LEASE PAYMENTS OF 95,403 WERE GRANTED TO THE UNIVERSITY THIS YEAR.	ExplanationTxt