2015-12-10T09:31:41-06:00 2015-06-30 560747981 DIXON HUGHES GOODMAN LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2014-07-01 237069236 COLLEGE OF CHARLESTON FOUNDATION COLL 8439533130 66 GEORGE STREET CHARLESTON SC 29424 DEBYE ALDERMAN DIRECTOR OF FINANCIAL SERVICES 8439533130 2015-12-10 1 AMY BIBBY P00445891 8282542254 2014 2016-03-07 17:11:31Z DEBYE ALDERMAN 66 GEORGE STREET CHARLESTON SC 29424 19134398 0 X GIVING.COFC.EDU/FOUNDATION X 1970 SC TO PROMOTE EDUCATION, RESEARCH, AND DEVELOPMENT PROGRAMS TO BENEFIT THE COLLEGE OF CHARLESTON 31 31 7 37 5548 4548 10051722 10998272 0 0 5389803 1173302 1031622 1102500 16473147 13274074 4387538 4177887 0 0 3063160 2716374 28037 0 1556601 3745784 5739634 11224519 12633895 5248628 640179 104936511 104788472 3141430 2403685 101795081 102384787 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 7194356 3972190 SEE SCHEDULE O FOR A COMPLETE DESCRIPTION OF OUR ACCOMPLISHMENTSFACULTY AND PROGRAM ENRICHMENT THE FOUNDATION PROVIDED FUNDS IN SUPPORT OF THE FOLLOWING AT THE COLLEGE OF CHARLESTON: ACADEMIC PROGRAMS, FACULTY ENHANCEMENTS, OPERATIONS FUND FOR EXPERIENTIAL LEARNING OPPORTUNITIES, AND VARIOUS OTHER INITIATIVES. A FEW DISTINCTIONS OF THE COLLEGES SCHOOLS AND PROGRAMS, WHICH ATTEST TO THE CALIBER OF OUR EDUCATIONAL EXPERIENCE AND OUR STUDENTS, INCLUDE:HONORS COLLEGE-1989 ALUMS STEVE AND EMILY SWANSON, WHO ESTABLISHED THE SWANSON FAMILY SCHOLARSHIP PROGRAM ISSUED A MATCHING GIFT CHALLENGE TO INCREASE THE SCHOLARSHIP FUNDING AVAILABLE TO SWANSON SCHOLAR-ELIGIBLE STUDENTS -- SELECT STUDENTS IN THE WILLIAM AIKEN FELLOWS SOCIETY. SWANSON SCHOLARS PARTICIPATE IN A RIGOROUS ACADEMIC CURRICULUM AND A VARIETY OF SUMMER ENRICHMENT PROGRAMS, LEADERSHIP COURSES, ONE-ON-ONE FACULTY MENTORING, PUBLIC SERVICE ACTIVITIES IN THE UNITED STATES OR ABROAD, AS WELL AS RESEARCH OR BUSINESS INTERNSHIP OPPORTUNITIES ACROSS THE GLOBE. THE CHALLENGE GARNERED COMMITMENTS FROM TWO FELLOW ALUMNI DURING THIS FISCAL YEAR. ADDITIONALLY, THE SWANSONS AGREED TO MATCH FUNDS GIVEN TOWARD THE R.I.S.E. ENDOWED SCHOLARSHIP FUND, WHICH PROVIDES SCHOLARSHIPS TO HONORS COLLEGE STUDENTS WHO QUALIFY FOR THE SWANSON SCHOLARS PROGRAM WITH DEMONSTRATED FINANCIAL NEED. THE SCHOLARSHIP FUND WAS ESTABLISHED IN THIS FISCAL YEAR THROUGH A GENEROUS GIFT FROM BEN '02 AND SARA '02 DEWOLF. R.I.S.E. STANDS FOR RECOGNIZING INTELLIGENCE, STRENGTH, AND ENGAGEMENT, AND STUDENTS AWARDED THIS SCHOLARSHIP ARE EXPECTED TO EXHIBIT THESE QUALITIES.SCHOOL OF SCIENCES AND MATHEMATICS-FORMER CHAIR OF THE DEPARTMENT OF PHYSICS AND ASTRONOMY, ROBERT DUKES, ESTABLISHED A SCHOLARSHIP TO RECRUIT ASTROPHYSICS STUDENTS TO THE COLLEGE OF CHARLESTON. THE COLLEGE IS THE ONLY SCHOOL IN SOUTH CAROLINA THAT OFFERS AN UNDERGRADUATE DEGREE IN ASTROPHYSICS.SCHOOL OF HUMANITIES AND SOCIAL SCIENCES-THE KETNER EMERGING LEADERS SCHOLARSHIP FUND WAS ESTABLISHED IN 2007 TO REWARD, ENCOURAGE AND PROMOTE LEADERSHIP AND ACTION AMONG STUDENTS. THE INTENT IS TO INSPIRE AND FINANCIALLY AID STUDENTS WHO ARE ACTIVELY ENGAGED IN CREATING AND PROMOTING POSITIVE CHANGE LOCALLY, NATIONALLY, AND GLOBALLY. THIS FISCAL YEAR, THE DONOR LINDA KETNER PROVIDED A PLANNED GIFT TO ENSURE THAT THE KETNER EMERGING LEADERS SCHOLARSHIP FUND CONTINUES IN PERPETUITY. IT IS HER WISH THAT THROUGH THIS SCHOLARSHIP AND THE EXPERIENCES THAT RECIPIENTS HAVE AT THE COLLEGE, THAT THESE SCHOLARS ARE NOT SIMPLY VOLUNTEERS BUT ARE INSTEAD CHANGE AGENTS, IDENTIFYING SOCIAL PROBLEMS IN THEIR WORLD AND DEVISING STEPS TO MAKE IMPACT. THE RECIPIENTS THAT HAVE BENEFITED FROM THIS SCHOLARSHIP SINCE INCEPTION HAVE ACHIEVED GREAT PROFESSIONAL SUCCESS AS A RESULT OF RECEIVING THE OPPORTUNITIES THIS SCHOLARSHIP MADE POSSIBLE. SCHOOL OF BUSINESS-SIX TEAMS OF STUDENTS REPRESENTING THREE UNIVERSITIES (THE COLLEGE, THE UNIVERSITY OF TARTU IN ESTONIA AND NEBRASKA WESLEYAN UNIVERSITY) WENT HEAD-TO-HEAD IN A PITCH CONTEST AS THE CULMINATION OF THE NGAL (NETWORK GLOBALLY, ACT LOCALLY) PROGRAM. WHEN THE RESULTS WERE TALLIED, THE WINNER WAS SPARKY.COM, AN APP WHOSE CREATORS DESCRIBE IT AS "TINDER FOR DOGS." SPARKY ENABLES DOG OWNERS TO CONNECT WITH ONE ANOTHER IN ORDER TO SET UP PLAY DATES FOR THEIR PETS. TEAM SPARKY WON $3,000 THOUGH THE ANTICIPATED PRIZE AT THE BEGINNING OF THE PITCH EVENT WAS $1,000. WHILE THE JUDGES WERE CONFERRING, HARRY HUGE OF THE HARRY AND REBA HUGE FOUNDATION (A PRINCIPAL SUPPORTER OF NGAL) DONATED AN ADDITIONAL $7,000 SO THAT WINNING TEAM COULD TAKE HOME $3,000 AND EACH OF THE OTHER FIVE TEAMS WOULD TAKE HOME $1,000.-THE SCHOOL OF BUSINESS BOARD OF GOVERNORS HAS ISSUED A CHALLENGE TO RAISE FUNDING TO ESTABLISH THE STUDENT ADVANCEMENT AND CAREER CENTER TO ASSIST BUSINESS STUDENTS IN MAKING THE MOST OF THEIR COLLEGE YEARS IN PREPARATION FOR BEING READY TO WORK ONCE THEY GRADUATE. SINCE THE CHALLENGE WAS ISSUED, MANY ALUMNI AND MEMBERS OF THE BOARD OF GOVERNORS HAVE COMMITTED FINANCIAL RESOURCES TO THE CENTER, NEARLY $400,000.-ALSO TO ASSIST STUDENTS IN BEING READY TO WORK ONCE THEY GRADUATE, ARGUS SOFTWARE INC. CONTRIBUTED AN IN-KIND GIFT VALUED AT MORE THAN $1.1 MILLION OF REAL ESTATE-FOCUSED SOFTWARE TO THE CARTER REAL ESTATE CENTER. THIS SOFTWARE IS THE INDUSTRY GOLD STANDARD FOR DEALING IN COMMERCIAL REAL ESTATE.SCHOOL OF EDUCATION, HEALTH, AND HUMAN PERFORMANCE-MUTINDI NDNUNDA, A COLLEGE OF CHARLESTON PROFESSOR OF TEACHER EDUCATION, TRAVELED TO TANZANIA, WHERE SHE SPENT SEVERAL WEEKS WORKING WITH THE MUSLIM UNIVERSITY OF MOROGORO TO DEVELOP AND REVISE COURSES FOR ONLINE DELIVERY. HER PROJECT WAS FUNDED THROUGH A GRANT FROM THE CARNEGIE AFRICAN DIASPORA FELLOWSHIP PROGRAM.NDUNDA, WHO GREW UP IN KENYA AND ATTENDED UNIVERSITIES IN BOTH KENYA AND CANADA, THE TRIP TO TANZANIA IS A FAMILIAR ONE. SHE RECEIVED A FULBRIGHT SCHOLARSHIP TO WORK AT THE UNIVERSITY FOR 10 MONTHS IN 2012 AND 2013, DURING WHICH TIME NDUNDA FOCUSED ON TEACHING TECHNOLOGY AND MATH METHODS, AS WELL AS DEVELOPED AND IMPLEMENTED PROFESSIONAL LEARNING COMMUNITIES, OR PARTNERSHIPS BETWEEN GRADE SCHOOLS AND THE UNIVERSITY THESE LEARNING COMMUNITIES WERE MODELED ON THE SUCCESS OF A SIMILAR PROGRAM AT BURKE HIGH SCHOOL IN CHARLESTON. SHE ALSO FOCUSED ON IMPROVING STUDENT INSTRUCTION.-DR. AND MRS. EUGENE GANGAROSA ESTABLISHED THE DR. AND MRS. EUGENE GANGAROSA ENDOWED FUND FOR GLOBAL PUBLIC HEALTH TO PROVIDE SCHOLARSHIPS TO SUPPORT STUDENT PARTICIPATION IN GLOBAL PUBLIC HEALTH INTERNSHIPS, WITH A FOCUS ON SAFE WATER AND SANITATION. DR. GANGAROSA IS AN INTERNATIONAL EXPERT ON PUBLIC HEALTH AND IS AFFILIATED WITH THE CENTERS FOR DISEASE CONTROL.LIBRARIES-THE FRIENDS OF THE LIBRARY AT THE COLLEGE OF CHARLESTON TOOK PART IN A SERIES OF EVENTS HONORING SARAH AND ANGELINA GRIMK, THE PROGRESSIVE 19TH CENTURY CHARLESTONIAN SISTERS RENOWNED FOR THEIR FEMINIST AND ABOLITIONIST ACTIVISM. THE COLLEGE'S SPECIAL COLLECTIONS HOLDS THE GRIMK FAMILY PAPERS (1678-1977), WHICH CONTAIN MATERIALS FROM THE GRIMK SISTERS AS WELL THEIR ANCESTORS AND DESCENDANTS. SARAH GRIMK (1792 - 1873) AND ANGELINA GRIMK WELD (1805 - 1879) WERE AMONG THE FIRST AMERICAN REFORMERS TO COMPARE THE CONDITION OF WOMEN TO THE PLIGHT OF ENSLAVED AFRICANS AND TO CALL FOR AN END TO EXPLOITATION BASED ON RACE AND GENDER. SCHOOL OF THE ARTS-THOUGH THEY ARE NOT ALUMS, JEAN AND TAP JOHNSON ARE COUGARS THROUGH AND THROUGH. BOTH HAVE SERVED IN NUMEROUS LEADERSHIP ROLES ON CAMPUS INCLUDING THE FOUNDATION BOARD OF DIRECTORS, COUGAR CLUB BOARD OF DIRECTORS, SCHOOL OF BUSINESS BOARD OF GOVERNORS AND SCHOOL OF THE ARTS ADVISORY COUNCIL. THEIR ENTHUSIASM FOR THE COLLEGE OF CHARLESTON, ITS STUDENTS AND STUDENT ATHLETES IS INSPIRING, AND THEIR $500,000 PLANNED GIFT DEMONSTRATES THEIR COMMITMENT TO HELPING THE SCHOOL OF THE ARTS RECRUIT THE MOST TALENTED STUDENTS. IN ADDITION TO THE PLANNED GIFT, THEIR COMMITMENT IN THIS FISCAL YEAR TOTALED MORE THAN $1,000,000 TO SUPPORT ATHLETICS; SCHOOL OF EDUCATION, HEALTH, AND HUMAN PERFORMANCE; AND SCHOOL OF BUSINESS.NORTH CAMPUS-JESSICA MCMAHAN HAS BEEN HIRED AS THE COLLEGE'S NEW VETERAN AND MILITARY STUDENT SERVICES COORDINATOR. PART OF THE OFFICE FOR THE ACADEMIC EXPERIENCE, THE NEW POSITION WAS MADE POSSIBLE THROUGH A $24,900 GRANT FROM THE PALMETTO WARRIOR CONNECTION, AND THE COLLEGE ADDED AN ADDITIONAL $15,000 TO FUND THE POSITION. MCMAHAN SERVED HER COUNTRY FOR 12 YEARS BEFORE REENTERING CIVILIAN LIFE IN 2012. AMONG THE PRIMARY DUTIES IN HER NEW POSITION WILL BE CREATING INDIVIDUALIZED ROAD MAPS FOR VETERANS PURSUING AN EDUCATION AT THE COLLEGE AND HELPING CONNECT THEM WITH THE CAMPUS AND COMMUNITY RESOURCES AND SUPPORT THEY'LL NEED TO BE SUCCESSFUL STUDENTS. THE COLLEGE CURRENTLY SERVES ABOUT 335 STUDENTS USING SOME FORM OF THE GI BILL, INCLUDING FAMILY MEMBERS OR DEPENDENTS OF VETERANS. MILITARY VETERANS ACCOUNT FOR ABOUT ONE-THIRD OF THAT NUMBER. SCHOOL OF LANGUAGES, CULTURES, AND WORLD AFFAIRS-HOWARD AND JULIE LEVINE DONATED $250,000 TO PROVIDE PROGRAM SUPPORT FOR THE YASCHIK/ARNOLD JEWISH STUDIES PROGRAM'S JEWISH STUDENT UNION/HILLEL WEEKLY MEET-TO-EAT PROGRAM, WHICH COVERS APPROXIMATELY 30 MEALS EACH YEAR TO JEWISH AND NON-JEWISH STUDENTS. THESE EVENTS CREATE A SPACE FOR STUDENTS FROM A WIDE VARIETY OF BACKGROUNDS TO BREAK BREAD TOGETHER AND MINGLE.-FERN HURST AND THE OTHER MEMBERS OF THE STANLEY AND CHARLOT KARESH FAMILY ESTABLISHED THE STANLEY AND CHARLOT KARESH FAMILY FUND TO SUPPORT THE THREE RABBI PANEL. THE THREE RABBI PANEL IS ONE OF THE PROUDEST ACCOMPLISHMENTS OF JEWISH STUDIES AS IT SHOWCASES THE UNITY OF THE CHARLESTON COMMUNITY AND THE IMPORTANCE OF DIALOGUE OR, AS IN OUR CASE, TRIALOGUE. NOW IN ITS SIXTEENTH YEAR, WITH A NEW GENERATION OF RABBIS, THE THREE RABBI PANELS HAVE HELPED CREATE A COHESIVE, WELCOMING, AND OPEN JEWISH COMMUNITY. 3201799 205697 SEE SCHEDULE O FOR A COMPLETE DESCRIPTION OF OUR ACCOMPLISHMENTSSCHOLARSHIPS AND AWARDSTHE FOUNDATION PROVIDED $3,201,799 IN FINANCIAL AID TO SUPPORT STUDENTS AT THE COLLEGE OF CHARLESTON. THIS FINANCIAL AID INCLUDES ACADEMIC, MERIT, AND TRAVEL ABROAD SCHOLARSHIP FUNDING. IN ADDITION, $205,697 WAS PROVIDED IN ACADEMIC AND MERIT ACHIEVEMENT AWARDS. NEARLY 1,401 STUDENTS WERE BENEFICIARIES OF THE FINANCIAL AID AND ACADEMIC/MERIT ACHIEVEMENT AWARDS.THE AMOUNT OF SCHOLARSHIP SUPPORT PROVIDED WAS INCREASED BY 9% OVER LAST YEAR. THIS REMAINS ALIGNED WITH THE COLLEGE OF CHARLESTON STRATEGIC PLAN, WHICH INCLUDES A PROVISION TO INCREASE THE AMOUNT OF MERIT-BASED AND NEED-BASED SCHOLARSHIP FUNDING. 10396155 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 1 119 0 1 7 1 1 1 0 0 0 0 1 1 0 0 0 0 X 31 31 0 0 0 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 HILTON C SMITH JR CHAIRMAN 1.00 X X 0 0 0 JEFFERY E KINARD VICE CHAIRMAN 1.00 X X 0 0 0 STEPHEN R KERRIGAN TREASURER 1.00 X X 0 0 0 A J HEATH SECRETARY 1.00 X X 0 0 0 THEODORE HOWIE JR DIRECTOR 1.00 X 0 0 0 JAMES F HIGHTOWER DIRECTOR 1.00 X 0 0 0 AMY L HEYEL DIRECTOR 1.00 X 0 0 0 FLEETWOOD S HASSELL DIRECTOR 1.00 X 0 0 0 SHARON B KINGMAN DIRECTOR 1.00 X 0 0 0 PEGGY BOYKIN DIRECTOR 1.00 X 0 0 0 WILLIAM GLEN BROWN JR DIRECTOR 1.00 X 0 0 0 MARCO L E CAVAZZONI DIRECTOR 1.00 X 0 0 0 SCOTT A CRACRAFT DIRECTOR 1.00 X 0 0 0 DIANNE M CULHANE DIRECTOR 1.00 X 0 0 0 DR NEIL W DRAISIN DIRECTOR 1.00 X 0 0 0 DR DENNIS J ENCARNATION DIRECTOR 1.00 X 0 0 0 DAVID M HAY DIRECTOR 1.00 X 0 0 0 REBA KINNE HUGE DIRECTOR 1.00 X 0 0 0 JEAN W JOHNSON DIRECTOR 1.00 X 0 0 0 BRADFORD MARSHALL DIRECTOR 1.00 X 0 0 0 RALPH F MARTINO UNTIL JUNE 11 2015 DIRECTOR 1.00 X 0 0 0 H CHAPMAN MCKAY DIRECTOR 1.00 X 0 0 0 JUSTIN R MCLAIN DIRECTOR 1.00 X 0 0 0 DR CHARLES S MOSTELLER DIRECTOR 1.00 X 0 0 0 D SHERWOOD MILER III DIRECTOR 1.00 X 0 0 0 DANIEL RAVENEL DIRECTOR 1.00 X 0 0 0 R KEITH SAULS DIRECTOR 1.00 X 0 0 0 DR SAM STAFFORD III DIRECTOR 1.00 X 0 0 0 CHLOE KNIGHT TONNEY DIRECTOR 1.00 X 0 0 0 W DIXON WOODWARD DIRECTOR 1.00 X 0 0 0 TOMI G YOUNGBLOOD DIRECTOR 1.00 X 0 0 0 SHERWOOD MILER UNTIL FEB 10 2015 DIRECTOR 1.00 X 0 0 0 CHRIS FRASIER DIRECTOR 1.00 X 0 0 0 GEORGE P WATT JR EVP COFC/EXEC DIR OF FOUND 20.00 20.00 X 96461 199859 1091 DEBYE ALDERMAN DIRECTOR OF FINANCIAL SERV 20.00 20.00 X 0 0 0 K TRACEY BIBLE UNTIL DEC 2015 DIRECTOR OF FINANCIAL SERV 20.00 20.00 X 0 61679 450 GLENN MCCONNELL PRESIDENT OF COFC 20.00 20.00 X 56000 95410 0 GEORGE HYND PROVOST COFC 5.00 35.00 X 15625 196685 7012 ALAN SHAO DEAN, SCHOOL OF BUS. COFC 10.00 30.00 X 61800 245913 4292 P GEORGE BENSON FORMER PRESIDENT OF COFC 20.00 20.00 X 243928 181656 48344 473814 981202 61189 1 1 1 0 ARAMARK 66 GEORGE STREET CHARLESTON SC 29424 CATERING SERVICES 323984 EVENTHOUS INC 2220 OLD SCHOOL DRIVE CHARLESTON SC 02885 EVENT RENTALS 130442 REEHER 165 WESTERN AVENUE ST PAUL MN 55102 FUNDRAISING SOFTWARE 130000 BB&T FINANCIAL FSB 151 MEETING STREET CHARLESTON SC 29401 BANKING & FINANCIAL SERVICES 113201 HAYNSWORTH SINKLER BOYD PA 134 MEETING STREET CHARLESTON SC 29402 LEGAL SERVICES 109273 5 48633 10949639 2351182 10998272 1193385 551 1192834 817900 0 817900 817900 817900 5810717 9892 5820908 19784 -10191 -9892 -20083 -9892 -10191 35614 48633 19632 15982 15982 2126 0 2126 2126 OTHER REVENUE 900099 257652 4997 252655 LICENSE TAG INCOME 900099 8840 8840 266492 13274074 -9892 5548 2280146 3972190 3972190 205697 205697 152461 56000 48231 48230 2122088 1329501 167470 625117 37788 37788 336557 136945 29651 169961 67480 18333 49147 65952 31267 34021 664 25638 8 25630 681052 490215 47319 143518 58412 45145 4449 8818 1891362 1710433 19875 161054 100649 9719 90930 1208891 1003034 205857 481206 403195 13842 64169 798584 632083 16385 150116 316111 267161 42056 6894 17478 17478 RECRUITMENT 52049 46891 626 4532 STUDENT DEVELOPMENT 28610 28610 PROFESSIONAL DEVELOPMEN 13640 5819 7821 12633895 10396155 681139 1556601 509572 874136 179310 197530 7322202 8120825 50754 68632 28485 27701 1000648 126058 9689642 3535825 5572848 6153817 20632274 17278242 62084963 63861264 7494466 7693400 60989 386867 104936511 104788472 631383 127955 1369095 1289251 170175 1140952 816304 3141430 2403685 X 10247722 9762235 56355040 55371087 35192319 37251465 101795081 102384787 104936511 104788472 X 640179 -144702 94229 X X 0 1 X 1 0 X 8283559 10798661 13638385 10051722 10998272 53770599 8283559 10798661 13638385 10051722 10998272 53770599 908162 52862437 2246520 2935407 2933022 6226831 2011285 16353065 1270994 648464 284895 241113 292214 2737680 72861344 15954 0.72550 0.74710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7693400 X X X 0 54697754 1840136 1012339 2342487 55207742 66287689 3311743 7220441 3552899 73266974 60043987 1450147 7205832 2412277 66287689 56176452 5314300 824827 2271592 60043987 45524235 4407649 8142737 1898169 56176452 0.01900 0.67500 0.30600 0 0 3427073 3427073 3892937 2298504 1594433 1710882 975425 735457 658750 261896 396854 6153817 TIFF KEYSTONE FUND 63861264 F 63861264 COLLECTIONS OF ART AND HISTORICAL TREASURES 7693400 C 7693400 ANNUITIES PAYABLE 216304 LINE OF CREDIT 600000 816304 X 13189562 -144702 34017 -110685 13300247 -26173 -26173 13274074 12599856 -60212 -60212 12660068 -26173 -26173 12633895 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 450 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, 2015. FISCAL YEARS ON OR AFTER JUNE 30, 2012 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. 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: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -45,318. FUNDRAISING EXPENSES INCLUDED IN REVENUE 19,632. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PROMISES TO GIVE 59,703. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES NET WITH REVENUE -26,173. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES INCLUDED IN REVENUE 19,632. CHANGE IN VALUE OF MARINE GENOMICS ENDOWMENT -79,844. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES NETTED WITH REVENUE -26,173. FORM 990, SCHEDULE D, PART V IN 2014, IT WAS DISCOVERED THAT THE TEMPORARILY RESTRICTED ENDOWMENT FUNDS WERE OVERSTATED AND INCLUDED CONTRIBUTION AMOUNTS THAT WERE DONOR DESIGNATED, BUT NOT DESIGNATED BY THE DONOR TO FUNCTION AS A PERMANENT OR TEMPORARILY RESTRICTED ENDOWMENT. DUE TO THE FACT THAT THE TOTAL AMOUNT WITHIN TEMPORARILY RESTRICTED NET ASSETS WILL NOT CHANGE, THE RECLASSIFICATION OF FUNDS IS NOT CONSIDERED A RESTATEMENT. 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, SO THAT IT MAY BENEFIT MANY GENERATIONS TO COME. 51250 1 0 0 0 1 0 51250 0 51250 0 0 0 0 0 0 REACH PROGRAM GALA & GOLF TOURNAMEN 64136 30003 34133 13566 YES I'M A FEMINIST 20111 18630 1481 6066 84247 48633 35614 19632 19632 15982 1 COLLEGE OF CHARLESTON 66 GEORGE ST CHARLESTON SC 29424 576000265 IRC 115 3843765 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. FOR THE FISCAL YEAR JULY 1, 2014 - JUNE 30, 2015 THE FOUNDATION PAID THE ALUMNI ASSOCIATION $125,000 IN ACCORDANCE WITH THE MOU. 2 ACADEMIC & ACHIEVEMENT AWARDS 305 205697 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. X X X X 0 1 0 0 0 0 0 0 0 GEORGE P WATT JR EVP COFC/EXEC DIR OF FOUND 90000 199859 0 0 6461 0 0 0 0 1091 96461 200950 0 0 GLENN MCCONNELL PRESIDENT OF COFC 56000 95410 0 0 0 0 0 0 0 0 56000 95410 0 0 GEORGE HYND PROVOST COFC 15625 192060 0 0 0 4625 0 0 0 7012 15625 203697 0 0 ALAN SHAO DEAN, SCHOOL OF BUS. COFC 61800 245913 0 0 0 0 0 0 0 4292 61800 250205 0 0 P GEORGE BENSON FORMER PRESIDENT OF COFC 208825 174783 0 0 35103 6873 35000 0 0 13344 278928 195000 34894 0 PART I, LINE 4B THE COLLEGE OF CHARLESTON (THE INSTITUTION) OFFERS A 457(F) NON-QUALIFIED RETIREMENT PLAN TO ITS EXECUTIVE EMPLOYEES AS DESIGNATED BY ITS BOARD OF TRUSTEES FROM TIME TO TIME. THE PLAN IS OWNED BY THE COLLEGE OF CHARLESTON AND THE COLLEGE OF CHARLESTON FOUNDATION FUNDS THE PLAN. THE TERMS OF THE RETIREMENT PLAN INCLUDE THE FOLLOWING: THE INSTITUTION SHALL NOT PAY THE AMOUNT OF THE PARTICIPANT'S DEFERRED SALARY ACCOUNT TO THE PARTICIPANT OR THE PARTICIPANT'S DESIGNATED BENEFICIARY UNTIL 60 DAYS AFTER THE EARLIEST OF (1) THE DATE RELATIVE TO CONTINUOUS FULL TIME EMPLOYMENT AS DESIGNATED IN THE AGREEMENT, (2) THE PARTICIPANT'S DEATH, (3) THE PARTICIPANT'S DISABILITY AS DEFINED IN IRC SECTION 409A(A)(2)(C), OR (4) THE PARTICIPANT'S INVOLUNTARY TERMINATION OF EMPLOYMENT FROM THE INSTITUTION FOR REASONS OTHER THAN JUST CAUSE. THE PARTICIPANT WILL HAVE NO RIGHTS IN THE DEFERRED SALARY ACCOUNT UNLESS HE OR SHE REMAINS EMPLOYED BY THE INSTITUTION UNTIL ATTAINMENT OF THE DATE RELATIVE TO CONTINUOUS FULL TIME EMPLOYMENT AS DESIGNATED IN THE AGREEMENT UNLESS TERMINATION OF EMPLOYMENT IS DUE TO THE PARTICIPANT'S DEATH OR TOTAL DISABILITY OR THE PARTICIPANT'S EMPLOYMENT IS INVOLUNTARILY TERMINATED FOR REASONS OTHER THAN JUST CAUSE. IF TERMINATION IS FOR ANY OTHER REASON, THEN NO PAYMENT SHALL BE DUE UNDER THE AGREEMENT. THE DEFERRED SALARY ACCOUNT SHALL BE PAID BY THE INSTITUTION TO THE PARTICIPANT OR DESIGNATED BENEFICIARY IN A LUMP SUM PAYMENT OF THE SINGLE SUM VALUE OF THE DEFERRED SALARY ACCOUNT. THE FOLLOWING INDIVIDUAL PARTICIPATED IN AND RECEIVED A PAYMENT FROM A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN IN 2014, AS FOLLOWS. P. GEORGE BENSON: CONTRIBUTION OF $35,000 AND PAYMENT RECEIVED OF $35,103 X 1 3500 FAIR MARKET VALUE X 1 76000 APPRAISAL X 43 836148 FAIR MARKET VALUE X 1 9800 APPRAISAL X 2 20000 APPRAISAL X 2 89634 APPRAISAL X ARGUS SOFTWARE 1 1147500 FAIR MARKET VALUE X GIK HORSE 1 165000 APPRAISAL X 4 SPINNAKERS 1 3600 FAIR MARKET VALUE 0 1 0 FORM 990, PART III, LINE 4A CONTINUED INTERDISCIPLINARY PROGRAMS -HANDS-ON RESEARCH IS A BIG PART OF STUDYING AT THE COLLEGE OF CHARLESTON, AND COLLABORATIVE RESEARCH WITH A FACULTY MEMBER IS ONE OF THE MOST REWARDING EXPERIENCES AN UNDERGRADUATE STUDENT CAN HAVE. DURING THE PAST SUMMER, APPROXIMATELY 40 COFC STUDENTS RECEIVED SURF (SUMMER UNDERGRADUATE RESEARCH FUNDING) GRANTS. FUNDING OF UP TO $6,500 WAS AVAILABLE FOR EACH COLLABORATIVE RESEARCH PROJECT INVOLVING AT LEAST ONE FACULTY MEMBER AND ONE UNDERGRAD STUDENT. EACH YEAR, SURF GRANTS ARE AWARDED ACROSS A VARIETY OF ACADEMIC DISCIPLINES. EVERY STUDENT FUNDED THROUGH THE GRANT PROGRAM PRESENTED HIS OR HER WORK IN A POSTER SESSION AT THE BEGINNING OF FALL SEMESTER. FOLLOWING IS A SAMPLING THAT INCLUDES SIX PROJECTS THAT HAPPENED THIS SUMMER: 1. GEOLOGY MAJOR DAVID DEROUEN, WORKING WITH PROFESSOR ADEM ALI, WERE ENGAGED IN REMOTE SATELLITE SENSING OF WATER QUALITY PARAMETERS IN THE COASTAL WATERS OF THE U.S. VIRGIN ISLANDS. THEIR WORK ASSESSED THE IMPACT OF INCREASED STORMWATER RUNOFF AND WASTEWATER DISCHARGE IN THIS REGION. 2. PSYCHOLOGY MAJOR AND HONORS COLLEGE STUDENT DIANA DEVINE WORKED WITH PSYCHOLOGY PROFESSOR AMY KOLAK TO EXAMINE THE SELF-REGULATORY SKILLS AT PLAY WITHIN A FAMILY CONTEXT. THEIR STUDY INVOLVED AN ATTEMPT TO BETTER UNDERSTAND TWO-YEAR-OLD CHILDRENS' ABILITY TO CONTROL THEIR BEHAVIOR WITHOUT THEIR PARENTS' HELP. 3. MARA GRZEJDZIAK WAS ONE OF SEVERAL PUBLIC HEALTH MAJORS WORKING WITH PROFESSORS MERISSA FERRARA AND BETH SUNDSTROM FROM THE DEPARTMENT OF COMMUNICATION TO STUDY THE BARRIERS THAT WOMEN IN RURAL COMMUNITIES FACE REGARDING ACCESS TO HEALTHCARE. THIS STUDY EXAMINED THE EFFECTIVENESS OF PLANNED PARENTHOOD'S EHOPE PLUS PROGRAM, AN INITIATIVE THAT UTILIZES TELEMEDICINE. EHOPE PLUS BEGAN IN SOUTH CAROLINA THIS SPRING. 4. MARINE BIOLOGY MAJOR AND HONORS COLLEGE STUDENT JASMIN GRAHAM WORKED WITH PROFESSOR GAVIN NAYLOR, WHO SPECIALIZES IN SHARK RESEARCH, TRACING THE EVOLUTIONARY HISTORY OF HAMMERHEAD SHARKS USING ANATOMICAL DATA. 5. JUNIOR CARLY HARWARD - A DANCE MAJOR - WORKED WITH PROFESSOR GRETCHEN MCLAINE TO ANALYZE THE JOURNALS OF RENOWNED CHOREOGRAPHER AND DANCER VASLAV NIJINSKY, WHO SUFFERED FROM SCHIZOPHRENIA, TO EXAMINE HOW MENTAL ILLNESS AFFECTS CREATIVITY AND HOW SUCH ILLNESS IS COMMUNICATED THROUGH NON-VERBAL COMMUNICATION. THIS STUDY INVOLVED THE DUO TRAVELING TO SPOLETO, ITALY, TO OBSERVE MIKHAIL BARYSHNIKOV PERFORM A SELECTION OF NIJINSKY'S WORK. 6. CLASSICS MAJOR SARAH LEGENDRE, WHO IS ALSO AN HONORS COLLEGE STUDENT, WORKED WITH PROFESSOR ALLISON STERETT-KRAUSE TO EXAMINE FRAGMENTARY PIECES OF ANTIQUITY, SUCH AS BROKEN GLASS, TO ANSWER QUESTIONS ABOUT DAILY LIFE IN THE IMPERIAL PERIOD (CA. 50 C.E. TO 450 C.E.). -IN RESPONSE TO THE SHOOTINGS AT MOTHER EMANUEL CHURCH AND THROUGH THE SUPPORT OF GOOGLE, THE COLLEGE OF CHARLESTON'S AVERY RESEARCH CENTER FOR AFRICAN AMERICAN HISTORY AND CULTURE; THE COASTAL COMMUNITY FOUNDATION'S LOWCOUNTRY UNITY FUND; AND THE INTERNATIONAL AFRICAN AMERICAN MUSEUM ARE WORKING TOGETHER TO CULTIVATE DISCUSSIONS ABOUT RACE. GOOGLE AWARDED A GRANT TO THE AVERY RESEARCH CENTER IN THE AMOUNT OF $125,000 TO FACILITATE THE ESTABLISHMENT OF AN EDUCATION INITIATIVE ON RACE AND SOCIAL JUSTICE. THROUGH A COLLABORATION THAT INCLUDES THE AVERY RESEARCH CENTER, THE AFRICAN AMERICAN STUDIES PROGRAM, THE LOWCOUNTRY DIGITAL HISTORY INITIATIVE, AND MULTIPLE COMMUNITY PARTNERS, THE EDUCATION INITIATIVE WILL FACILITATE A DIALOGUE ON RACE, JUSTICE, AND RECONCILIATION IN CHARLESTON AND SURROUNDING COMMUNITIES. -A NEW GARDEN ON THE COLLEGE OF CHARLESTON CAMPUS IS PROVIDING A RICH BOUNTY OF EDUCATIONAL AND TEACHING OPPORTUNITIES. THE RECENTLY COMPLETED SENSORY GARDEN AT THE COLLEGE'S N.E. MILES EARLY CHILDHOOD DEVELOPMENT CENTER (ECDC) WAS CREATED AS PART OF THE FARM-TO-SCHOOL INITIATIVE, AN EDUCATIONAL AND OUTREACH PROGRAM HOUSED AT THE COLLEGE AND FUNDED BY BOEING SOUTH CAROLINA. DESIGNED TO BE KID-FRIENDLY, THE NEW GARDEN INCLUDES WALKWAYS, A BUTTERFLY GARDEN, HERBS, VEGETABLES AND OTHER FEATURES. THOMPSON SAYS THE NEW SPACE IS A PERFECT COMPLEMENT TO THE INITIATIVE'S GOALS OF TEACHING CHILDREN WHERE FOOD COMES FROM AND ESTABLISHING CONNECTIONS BETWEEN FARMS AND FARMERS AND THE PEOPLE AND INSTITUTIONS THAT RELY ON THEIR CROPS. ATHLETICS -COLLEGE OF CHARLESTON EQUESTRIAN FINISHED IN FIFTH PLACE AT THE INTERCOLLEGIATE HORSE SHOW ASSOCIATION (IHSA) NATIONALS, HELD APRIL 30 - MAY 3, 2015, IN WEST SPRINGFIELD, MASS. SENIOR ELIZA HAY WON THE COLLEGE'S FIRST CACCHIONE CUP, COLLEGIATE RIDING'S HIGHEST HONOR. HAY CLAIMS THE NATION'S HIGHEST COLLEGIATE EQUESTRIAN HONOR TO CULMINATE HER ALREADY HIGHLY DECORATED RIDING CAREER. THIS IS THE SECOND CONSECUTIVE YEAR THE COLLEGE HAS FINISHED IN THE TOP FIVE NATIONALLY, AFTER FINISHING SECOND AT IHSA NATIONALS A YEAR AGO AND CLAIMING THE PROGRAM'S THIRD RESERVE NATIONAL CHAMPIONSHIP. THE EQUESTRIAN PROGRAM RECEIVES NUMEROUS IN-KIND GIFTS OF HORSES THROUGH THE YEARS SO THAT THE STUDENT-ATHLETES CAN PRACTICE AND COMPETE WITH TOP-QUALITY HORSES. THIS FISCAL YEAR, MR. AND MRS. ALAN KUNIANSKY DONATED A HORSE, NAMED CARROT CAKE, VALUED AT OVER $160,000. -COLLEGE OF CHARLESTON DIRECTOR OF ATHLETICS JOE HULL HAS ANNOUNCED A FUNDRAISING CAMPAIGN TO RAISE PRIVATE FUNDS FOR A NEW, STATE-OF-THE-ART ATHLETICS FACILITY TO BE LOCATED AT PATRIOTS POINT IN MT. PLEASANT, S.C. THE PLANNED FACILITY -ONE OF THE PRIORITIES IN THE COLLEGE'S OVERALL, COMPREHENSIVE-FUNDRAISING CAMPAIGN, BOUNDLESS - WILL SUPPORT THE COLLEGE OF CHARLESTON BASEBALL, SOFTBALL, MEN'S SOCCER, WOMEN'S SOCCER, MEN'S TENNIS, WOMEN'S TENNIS AND SAILING PROGRAMS. THE BUILDING PROJECT - AN ESTIMATED 20,000 SQUARE FEET AND THREE STORIES TALL - IS BEING FUNDED BY PRIVATE, CORPORATE AND CAMPUS SUPPORT. THE NEW ATHLETICS FACILITY WILL INCLUDE A WEIGHT ROOM AND SPORTS MEDICINE FACILITY, LOCKER ROOMS, COACHES' OFFICES, ACADEMIC SPACES AND A HOSPITALITY/VIEWING DECK OVERLOOKING THE BASEBALL AND SOCCER FIELDS. WHILE THE FACILITY IS PRIMARILY DESIGNED FOR PATRIOTS POINT-BASED TEAMS, IT WILL BENEFIT ALL OF THE DEPARTMENT'S ATHLETICS PROGRAMS, FREEING UP CRITICAL SPACE IN ITS CURRENT DOWNTOWN FACILITIES. THE RECAPTURED SPACE DOWNTOWN WILL AFFORD COFC THE ABILITY TO ENHANCE ACADEMIC SUPPORT, SPORTS PERFORMANCE AND SPORTS MEDICINE SERVICES FOR ALL OF ITS 19 VARSITY SPORTS TEAMS. FORM 990, PART VI, SECTION B, LINE 11 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 AUDIT COMMITTEE MEMBERS REVIEWED THE FORM AND SUPPORTING SCHEDULES. FOLLOWING REVIEW BY THE COMMITTEE, THE CHAIR OF THE AUDIT COMMITTEE PRESENTED A SUMMARY REVIEW OF THE 990 TO THE BOARD. THE BOARD DOCUMENTED THIS REVIEW IN THE MEETING MINUTES. THE FORM 990 WAS FILED WITH THE IRS FOLLOWING THE BOARD REVIEW. 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 -45,318. CHANGE IN ALLOWANCE OF UNCOLLECTIBLE PROMISES TO GIVE 59,703. CHANGE IN VALUE OF MARINE GENOMICS ENDOWMENT 79,844. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN THE FOUNDATION'S OVERSIGHT OR SELECTION PROCESSES FROM PRIOR YEARS. BULL STREET STUDENT HOUSING LLC 66 GEORGE STREET CHARLESTON SC 29401 HOLDS REAL ESTATE USED FOR STUDENT HOUSING SC 120672 25223 COLLEGE OF CHARLESTON FOUNDATION BULL AND WENTWORTH STUDENT HOUSING LLC 66 GEORGE STREET CHARLESTON SC 29401 HOLDS REAL ESTATE USED FOR STUDENT HOUSING SC 182063 98500 COLLEGE OF CHARLESTON FOUNDATION COMING WENTWORTH AND KING EDUCATIONAL HOLDINGS LLC 66 GEORGE STREET CHARLESTON SC 29401 HOLDS REAL ESTATE USED BY THE COLLEGE OF CHARLESTON FOR PROGRAMS SC 309550 578558 COLLEGE OF CHARLESTON FOUNDATION BLACKLOCK HOUSE EDUCATIONAL HOLDINGS LLC 66 GEORGE STREET CHARLESTON SC 29401 HOLDS REAL ESTATE USED BY THE COLLEGE OF CHARLESTON FOR PROGRAMS SC 58557 735047 COLLEGE OF CHARLESTON FOUNDATION THE COLLEGE OF CHARLESTON FOUNDATION PUBLISHING COMPANY LLC 66 GEORGE STREET CHARLESTON SC 29401 PUBLISHING SC 0 0 COLLEGE OF CHARLESTON FOUNDATION DIXIE PLANTATION EDUCATIONAL HOLDINGS LLC 66 GEORGE STREET CHARLESTON SC 29401 HOLDS REAL ESTATE USED BY THE COLLEGE OF CHARLESTON FOR PROGRAMS SC 100000 3308758 COLLEGE OF CHARLESTON FOUNDATION COLLEGE OF CHARLESTON 66 GEORGE ST CHARLESTON SC 29424 576000265 HIGHER EDUCATION SC IRC 115 LINE 2 N/A 0 0 1 0 0 1 0 0 0 0 1 0 0 0 0 1 1 0 1 0 COLLEGE OF CHARLESTON E 1289251 COLLEGE OF CHARLESTON J 830841 COLLEGE OF CHARLESTON O 1024083 COLLEGE OF CHARLESTON P 3031210 COLLEGE OF CHARLESTON ALUMNI ASSOCIATION B 125000 COLLEGE OF CHARLESTON COUGAR CLUB Q 165074