2014-05-15T11:32:16-05:00 2013-06-30 560574444 CHERRY BEKAERT LLP 201 WEST MCBEE AVENURE SUITE 200 GREENVILLE SC 29601 990 2012-07-01 570426335 CLEMSON UNIVERSITY FOUNDATION CLEM 8646561289 PO BOX 1889 CLEMSON SC 296331889 MICHAEL SULHAN 8646561289 2014-05-13 1 ELIZABETH MORRISON P00231389 8642333981 2012 2015-11-30 17:44:51Z MICHAEL SULHAN PO BOX 1889 CLEMSON SC 296331889 181192941 0 X WWW.CLEMSON.EDU/GIVING/CUFOUNDATIONS X 1933 SC THE FOUNDATION IS ORGANIZED TO PROMOTE THE WELFARE AND FUTURE DEVELOPMENT OF CLEMSON UNIVERSITY. 41 41 2 145 983232 0 36147090 31054091 2376845 2858542 9846296 15035502 854518 1239008 49224749 50187143 14269175 22544166 0 0 1449729 1572025 254643 457597 1886993 11543394 12993528 27516941 37567316 21707808 12619827 532064140 587817884 144895663 160338657 387168477 427479227 X THE FOUNDATION IS ORGANIZED TO PROMOTE THE WELFARE AND FUTURE DEVELOPMENT OF CLEMSON UNIVERSITY IN ITS EDUCATIONAL AND SCIENTIFIC RESEARCH PURPOSES; TO SEEK AND RECEIVE GIFTS FOR THE BENEFIT OF CLEMSON UNIVERSITY THROUGH ENDOWMENT GIVING AND OTHER FUND-RAISING PROGRAMS; AND TO PRUDENTLY MANAGE THE DISBURSEMENT OF THESE ASSETS WITHIN A POLICY THAT ENCOURAGES THE ENHANCEMENT OF THE RESOURCES OF THE FOUNDATION. 0 0 31244030 22544166 2873212 ENDOWED PROGRAMS: DONORS CONTRIBUTE GIFTS TO FUND ENDOWMENTS WHICH PROVIDE AN EARNINGS STREAM FOR SCHOLARSHIPS, PROFESSORSHIPS AND PROGRAM SUPPORT PER THE DONOR DIRECTIVES.RESTRICTED PROGRAM SUPPORT: DONORS PROVIDE GIFTS TO SUPPORT DEPARTMENTS AND PROGRAMS WITHIN CLEMSON UNIVERSITYCAPITAL PROJECTS: THE FOUNDATION RAISES FUNDS TO CONSTRUCT UNIVERSITY BUILDINGS, LABS AND OUTDOOR SPACES ON CAMPUS 31244030 1 1 0 1 0 1 1 0 1 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 X 128 0 2 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 41 41 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X X G CLINT CARLSON II DIRECTOR OF FINANCE 8646560925 ADMIN SERVICES BLDG 108 PERIMETER CLEMSON SC 296345306 SUSIE CANNON ADAMS 1.00 X 0 0 0 KENDALL K ALLEY 1.00 X 0 0 0 BRYANT G BARNES 1.00 X 0 0 0 JAMES H BARNES 1.00 X 0 0 0 GEORGE E BIEDIGER 1.00 X 0 0 0 EDITH BOSTIC 1.00 X 0 0 0 JANINE A BOWEN 1.00 X 0 0 0 WILLIAM P BRADLEY 1.00 X 0 0 0 ERNEST M BRIEL 1.00 X 0 0 0 LORI ANNE CARR 1.00 X 0 0 0 JON CENTURINO 1.00 X 0 0 0 J RICHARD COTTINGHAM 1.00 X 0 0 0 SAMUEL DOZIER 1.00 X 0 0 0 EDGAR J DUCKWORTH 1.00 X 0 0 0 W KELLY DURHAM 1.00 X 0 0 0 FRED FAIRCLOTH III 1.00 X 0 0 0 DANNY E GREGG 1.00 X 0 0 0 HARRY T HALL IV 1.00 X 0 0 0 ROBERT B HAMBRIGHT 1.00 X 0 0 0 JERRY D HANDEGAN 1.00 X 0 0 0 ROBERT GLENN HILLIARD 1.00 X 0 0 0 ANN H HUNTER 1.00 X 0 0 0 STEPHEN F HUTCHINSON 1.00 X 0 0 0 PICKENS M LINDSAY 1.00 X 0 0 0 J ALLEN MARTIN 1.00 X 0 0 0 E SMYTH MCKISSICK III 1.00 X 0 0 0 DANIEL B MILLER III 1.00 X 0 0 0 SUZANNE E MORSE 1.00 X 0 0 0 E MITCHELL NORVILLE 2.00 X 0 0 0 WILLIAM H PELHAM 1.00 X 0 0 0 CHERI PHYFER 1.00 X 0 0 0 BETTY J POE 1.00 X 0 0 0 EDDIE M ROBINSON 1.00 X 0 0 0 NEIL C ROBINSON JR 1.00 X 0 0 0 G GRAHAM SEGARS JR 4.00 X 0 0 0 BARTOW S SHAW JR 1.00 X 0 0 0 KENNETH L SMITH 1.00 X 0 0 0 JANE S SOSEBEE 1.00 X 0 0 0 DANIEL C STANZIONE 1.00 X 0 0 0 CHARLES L SULLIVAN JR 2.00 X 0 0 0 MICHAEL E WATT 1.00 X 0 0 0 LEON J HENDRIX JR 1.00 X 0 0 0 JOSEPH D SWANN 1.00 X 0 0 0 ALICE C EVATT TILL 06-28-2012 33.80 3.70 X 0 82543 16122 HARRISON F TRAMMELL 32.50 5.00 X 0 236510 25083 AMY GIBBS 33.80 3.70 X 0 41333 2332 MICHAEL SULHAN 06-28-2012-PRESENT 37.50 X 0 65361 10033 JAMES F BARKER 12.00 25.50 X 172344 225080 48686 JOHN C ALEXANDER JR 8.00 29.50 X 54698 155231 17291 A NEILL CAMERON JR 6.00 31.50 X 0 243582 46091 BRETT A DALTON 1.00 36.50 X 0 257215 41445 DORIS R HELMS 1.00 36.50 X 0 267345 46737 BRIAN J O'ROURKE 1.00 36.50 X 0 228178 38565 227042 1802378 292385 1 0 1 0 ARAMARK SERV C PO BOX 429 CLEMSON SC 29633 FOOD SERVICE VENDER 856948 CAMBRIDGE ASSOCIATES LLC PO BOX 83232 CHICAGO IL 60691 CONSULTING 485816 CUSTOM AUDIO & LIGHTING 3087 OLD HODGES ROAD ABBEVILLE SC 29620 AUDIO & VIDEO 268146 COLLEGE CONNECTION 6129 LONG MEADOW ROAD MCLEAN VA 22101 CONSULTING 224352 BLACKBAUD INC 2000 DANIEL ISLAND DRIVE CHARLESTON SC 29492 SOFTWARE 180252 7 70597 30983494 31054091 ENDOWMENT MANAGEMENT FEE 523000 1608932 1608932 DEVELOPMENT FEES 561000 663862 663862 ALUMNI AND FRIENDS PROGRAM INCOME 561000 490466 490466 DEVELOPMENT PROGRAMS 561000 95282 95282 2858542 10831307 159774 10671533 421599 421599 135140179 130935984 4204195 4204195 4204195 49095 70597 69814 -20719 -20719 MARKETING PROGRAM 541800 736370 736370 ADVERTISING 511120 39979 39979 CCIT COMMISSION 541800 33601 33601 28178 14670 13508 838128 50187143 2873212 983232 15276608 22544166 22544166 1095913 451661 322032 322220 150571 150571 325541 140589 91000 93952 484299 226285 9325 248689 53662 21298 32364 457597 457597 6240143 5928143 312000 566680 566680 295029 153821 92584 48624 549685 143333 328470 77882 43697 28301 1643 13753 621117 395725 47565 177827 600623 248779 288531 63313 18121 6086 3660 8375 56416 56416 125007 67851 11159 45997 OFFICIAL FUNCTIONS ANDE 2106127 2106127 DEVELOPMENT FEES 663862 612620 51242 SUPPLIES 217597 99292 71197 47108 AWARDS & GIFTS 189782 88845 83649 17288 161681 30819 100671 30191 37567316 31244030 4436293 1886993 28578941 42973306 36388258 28225297 10930285 1406137 9580564 9524148 333349350 365525834 120147080 138171165 4019947 3398134 532064140 587817884 470792 420165 144424871 159918492 144895663 160338657 X 19520662 21489251 133413224 163515740 234234591 242474236 387168477 427479227 532064140 587817884 X 12619827 26760676 930247 X X 0 1 X 1 0 X 22904276 23733242 22542450 36147090 31054091 136381149 22904276 23733242 22542450 36147090 31054091 136381149 5312302 131068847 8889406 7902994 16243366 8744383 11093132 52873281 513610 -331203 -301219 49690 324570 255448 283590 39674 25916 11183 14670 375033 189884911 10450466 0.69030 0.72450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 63479 63479 31180551 31244030 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 67823 110807 77566 63479 319675 250000 250000 250000 250000 1000000 1500000 ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: PART I-A, LINE 1: THE ORGANIZATION DOES NOT PARTICIPATE IN DIRECT OR INDIRECT POLITICAL CAMPAIGN ACTIVITIES. EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: LEGISLATIVE ACTIVITIES: THREE CLEMSON UNIVERSITY EMPLOYEES (ANGIE LEIDINGER, KATHY COLEMAN, AND KATY BAYLESS) ARE PAID BY CLEMSON UNIVERSITY TO PERFORM CERTAIN LEGISLATIVE AFFAIRS FUNCTIONS. LEIDINGER AND COLEMAN MAINTAIN CLEMSON UNIVERSITY CONTACT WITH STATE AGENCIES AND ARE REGISTERED LOBBYISTS FOR THE STATE OF S.C. THE CLEMSON UNIVERSITY FOUNDATION PROVIDES FUNDING FOR CERTAIN EXPENSES ASSOCIATED WITH THEIR ACTIVITIES. KATY BAYLESS IS A REGISTERED FEDERAL LOBBYIST FOR CLEMSON UNIVERSITY. THE CLEMSON UNIVERSITY FOUNDATION PROVIDES NO FUNDING FOR EXPENSES ASSOCIATED WITH HER ACTIVITIES. 2 0 3940 159842 1 1 X X 2 608.44 0 0 0 1 0 675.00 32559 0 11532978 1903449 377060 13059367 0 294007873 8984586 32121897 2487664 6172863 326453829 293557105 12196333 -5545511 2597993 3602061 294007873 229948047 14341955 55178870 2482942 3428825 293557105 201464608 10953007 21012374 1576834 1905108 229948047 266117064 7447788 -63949370 3232715 4918159 201464608 0.05000 0.66000 0.29000 0 0 11900 8971049 8982949 1833458 1299907 533551 113878 106230 7648 9524148 PRIVATE EQUITY 18995325 C REAL ESTATE 14662676 F OTHER SECURITIES 1474374 F NOTE RECEIVABLE UNIVERSITY REAL ESTATE FOUNDATION 20000000 F HEDGE FUNDS 83038790 F 138171165 DUE TO RELATED ORGANIZATIONS 105003 TRUST FUNDS ADMINISTERED FOR AFFILIATE 2445495 ACCRUED LIABILITY DUE TO INVESTMENT APPRECIATION 49037567 NOTE PAYABLE TO CLEMSON UNIV - ASSETS HELD FOR INVESTMENT 102919316 LIFE ANNUITIES PAYABLE TO DONORS 5411111 159918492 X 71707737 26760676 1074669 27835345 43872392 6240143 74608 6314751 50187143 31396987 69814 69814 31327173 6240143 6240143 37567316 EXPLANATION OF EASEMENTS ENFORCEMENT POLICIES: PART II, LINE 5: THE ORGANIZATION DOES NOT HAVE A WRITTEN POLICY, HOWEVER, AN INSPECTION OF THE PROPERTY IS DONE MONTHLY AND A FUEL MITIGATION PROJECT WAS COMPLETED ON SITE TO MINIMIZE IMPACTS FROM FIRE TO SURROUNDING PROPERTIES. PART II, LINE 8: THERE ARE NO CONSERVATION EASEMENTS OR CERTIFIED HISTORIC STRUCTURES ACQUIRED AFTER 8/17/2006. DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: LAND WITH AN APPRAISED VALUE OF $8,971,049 IS HELD BY THE FOUNDATION. A CONSERVATION EASEMENT REQUIRING THE LAND REMAIN IN AN UNDEVELOPED STATE HAS BEEN ASSIGNED, WITH AN EXCEPTION MADE FOR THE CONSTRUCTION, OPERATION, AND MANAGEMENT OF A RESEARCH AND EDUCATIONAL FACILITY. ACCORDINGLY, THE PROPERTY HAS BEEN APPRAISED WITH THE CONSERVATION EASEMENT VALUED AT $8,053,631 AND LAND OF $917,418. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: A SPECIFIED PERCENTAGE OF THE THREE YEAR ROLLING AVERAGE BALANCE OF THE ENDOWMENT FUNDS, THE PURPOSE SPECIFIED BY THE DONOR; 65% FUND SCHOLARSHIPS, FELLOWSHIPS AND AWARDS FOR STUDENTS, THE BALANCE FUNDS PROFESSORSHIPS AND PROVIDES SUPPORT FOR DEPARTMENT AND COLLEGE PROGRAMS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE FOUNDATION ADOPTED THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ON JULY 1, 2009. THE FOUNDATION'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE FOUNDATION, 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 THAT THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2013 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. THE OPEN TAX YEARS FOR THE FOUNDATION INCLUDE THE YEARS ENDED JUNE 30, 2010, 2011 AND 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF LIFE INSURANCE POLICIES 80,882. SPECIAL EVENTS - EXPENSES 69,814. TAX ADJ. FOR INVESTMENT INCOME FROM ALTERNATIVE INVESTMENTS 923,973. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 74,608. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES - SPECIAL EVENTS IN PART VIII 69,814. FORM 990, SCH D, PART II, LINE 5: WRITTEN POLICY: THE ORGANIZATION DOES NOT HAVE A WRITTEN POLICY, HOWEVER AN INSPECTION OF THE PROPERTY IS DONE MONTHLY AND A FUEL MITIGATION PROJECT WAS COMPLETED ON SITE TO MINIMIZE IMPACTS FROM FIRES TO SURROUNDING PROPERTIES. FORM 990, SCH D, PART II, LINE 6: STAFF AND VOLUNTEER HOURS: THE PROPERTY IS INSPECTED MONTHLY BY ASSIGNED TECHNICIANS WHO DRIVE AND WALK THE PROPERTY AND REPORT ANY CONCERNS TO MANAGEMENT. IN 2013 THREE FACULTY, TWO STAFF AND FIVE STUDENTS CONDUCTED 675 HOURS OF RESEARCH ON THE VEGETATIVE HABITAT OF THE PROPERTY. FORM 990, SCH D, PART II, LINE 7: EXPENSE: $32,559 WAS SPENT FOR SALARIES AND SUPPLIES RELATED TO MONITORING, INSPECTING AND CONDUCTING RESEARCH ON THE PROPERTY IN 2013. CENTRAL AMERICA AND THE CARIBBEAN - 0 0 INVESTMENTS 73905000 0 0 0 0 0 0 73905000 0 73905000 1 0 0 1 1 0 PASSIVE FOREIGN INVESTMENT COMPANIES PART IV LINE 4 THE ORGANIZATION IS AN INVESTOR IN ONE OR MORE "PASSIVE FOREIGN INVESTMENT COMPANIES" ("PFICS"). THE ORGANIZATION DID NOT RECEIVE ANY TAXABLE DISTRIBUTIONS FROM ANY OF THE PFICS DURING FISCAL YEAR 2013. FORM 8621 IS NOT BEING FILED PURSUANT TO IRS GUIDANCE SET FORTH IN REG. SEC. 1.1291-1(E)." CASH TRANSFER PART IV LINE 1 THE ORGANIZATION WAS A TRANSFEROR OF CASH IN THE AMOUNT OF $66,500,000 TO VARIOUS FOREIGN CORPORATIONS (INVESTMENTS) DURING THE FISCAL YEAR AND COMPLETED THE FORMS 926. X X X X X X 1 BENZ WHALEY & FLESSNER 7251 OHMS LANE MINNEAPOLIS MN 55439 CAPITAL CAMPAIGN CONSULTANT 0 0 19028 -19028 JAMES F BARKER 201 SIKES HALL CLEMSON SC 296345002 EMPLOYEE/FUND RAISING 0 0 172344 -172344 COLLEGE CONNECTIONS INC 6129 LONG MEADOW ROAD MCLEAN VA 22101 CAMPAIGN CONSULTANT 0 0 155706 -155706 ALEXANDER HAAS MARTIN INC 3520 PIEDMONT RD SUITE 300 ATLANTA GA 30305 CAMPAIGN CONSULTANT 0 0 76250 -76250 DAVID ATCHLEY 17 WOODVALE AVENUE GREENVILLE SC 29605 CAMPAIGN CONSULTANT 0 0 17750 -17750 GRENZEBACH GILER & ASSOC 401 N MICHIGAN AVE CHICAGO IL 60611 CAMPAIGN CONSULTANT 0 0 16519 -16519 457597 -457597 SC BROOK CENTER FUNDRAISER & SILENT AU 23110 14880 8230 1200 7545 3124 STUDENT AFFAIRS GALA & SILENT AUCTI 96582 55717 40865 27858 2875 27212 119692 70597 49095 1200 35403 2875 30336 69814 -20719 1 CLEMSON UNIVERSITY ADMIN SERVICES BLDG 108 PERIMETER RD CLEMSON SC 29634 576000254 IRC 115 22409763 134403 FV AT PURCHASE TRANSFER OF PURCHASED EQUIPMENT TO PROMOTE THE WELFARE AND FUTURE DEVELOPMENT OF CLEMSON UNIVERSITY IN ITS EDUCATIONAL AND SCIENTIFIC RESEARCH PURPOSES 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ALL DISBURSEMENTS TO CLEMSON UNIVERSITY ARE REVIEWED FOR COMPLIANCE WITH DONOR WISHES. SCHOLARSHIP DISBURSEMENTS ARE ADMINISTERED BY FINANCIAL AID OF CLEMSON UNIVERSITY. SELECTED OTHER DISBURSEMENTS ARE REVIEWED FOR COMPLIANCE BY A POST DISBURSEMENT REVIEW PROCESS AND INTERNAL AUDITS. X 1 1 X X X 0 0 0 1 1 0 0 0 0 HARRISON F TRAMMELL 0 219281 0 10000 0 7229 0 10723 0 14360 0 261593 0 0 JAMES F BARKER 172344 223658 0 0 0 1422 0 33081 0 15605 172344 273766 0 0 JOHN C ALEXANDER JR 54698 155231 0 0 0 0 0 12500 0 4791 54698 172522 0 0 A NEILL CAMERON JR 0 236419 0 2500 0 4663 0 34516 0 11575 0 289673 0 0 BRETT A DALTON 0 257215 0 0 0 0 0 36378 0 5067 0 298660 0 0 DORIS R HELMS 0 264029 0 2500 0 816 0 37875 0 8862 0 314082 0 0 BRIAN J O'ROURKE 0 199915 0 20000 0 8263 0 26560 0 12005 0 266743 0 0 SUPPLEMENTAL INFORMATION PART III TRAVEL EXPENSES INCURRED BY SPOUSE OF PRESIDENT OF CLEMSON UNIVERSITY ARE REIMBURSED WHEN A BONA FIDE BUSINESS PURPOSE. ALL REIMBURSEMENTS FOR SPOUSAL TRAVEL ARE APPROVED BY THE SECRETARY OF THE UNIVERSITY BOARD OF TRUSTEES. THE CIO'S TOTAL COMPENSATION INCLUDES BASE COMPENSATION FOR SERVICES ALONG WITH VARIABLE COMPENSATION POTENTIAL. VARIABLE COMPENSATION, IF ANY, IS DETERMINED AT THE CLOSE OF THE FISCAL YEAR BASED UPON PRE-ESTABLISHED CRITERIA AND SUBJECT TO APPROVAL BY THE HUMAN RESOURCES COMMITTEE AND FULL BOARD. THE FOLLOWING CUF BOARD MEMBERS SERVE AS VOTING DIRECTORS OF OTHER RELATED ORGANIZATIONS: GEORGE BIEDIGER - CLEMSON UNIVERSITY REAL ESTATE FOUNDATION AND CLEMSON UNIVERSITY LAND STEWARDSHIP FOUNDATION RICHARD COTTINGHAM - CLEMSON UNIVERSITY CONTINUING EDUCATION AND CONFERENCE COMPLEX CORPORATION STEPHEN HUTCHINSON - CLEMSON UNIVERSITY CONTINUING EDUCATION AND CONFERENCE COMPLEX CORPORATION NEIL ROBINSON JR. - CLEMSON UNIVERSITY REAL ESTATE FOUNDATION AND CLEMSON UNIVERSITY LAND STEWARDSHIP FOUNDATION G. GRAHAM SEGARS JR. - CLEMSON UNIVERSITY REAL ESTATE FOUNDATION AND CLEMSON UNIVERSITY LAND STEWARDSHIP FOUNDATION E. SMYTH MCKISSICK III - CLEMSON UNIVERSITY BOARD OF TRUSTEES WILLIAM H. PELHAM-CLEMSON ARCHITECTURAL FOUNDATION MICHAEL WATT-CLEMSON UNIVERSITY RESEARCH FOUNDATION CUF OFFICERS ARE EMPLOYEES OF CLEMSON UNIVERSITY: HARRISON TRAMMELL ALICE EVATT MICHAEL SULHAN AMY GIBBS THE FOLLOWING EMPLOYEES OF CLEMSON UNIVERSITY ARE EX-OFFICIO MEMBERS OF THE CUF BOARD: A. NEILL CAMERON, JR. JAMES F. BARKER JOHN C. ALEXANDER, JR. BRETT A. DALTON DORIS R. HELMS BRIAN J. O'ROURKE X 100 3485985 AVERAGE MARKET VALUE 0 1 0 BACKUP WITHHOLDING RULES: FORM 990, PART V, LINE 1C: THERE WERE NO INSTANCES THAT REQUIRED BACKUP WITHHOLDING. NONDEDUCTIBLE CONTRIBUTIONS: PART V, LINE 7A AND 7B: THE ORGANIZATION SOLICITS AND RECEIVES GIFTS DESIGNATED FOR IPTAY PROGRAMS (ATHLETICS). GIFTS ENTITLE DONOR TO CERTAIN BENEFITS GRANTED BY IPTAY - AN ORGANIZATION OPERATED UNDER CLEMSON UNIVERSITY. THE ORGANIZATION ADVISES DONORS THAT THEY SHOULD CONSULT THEIR TAX ADVISOR REGARDING THE AMOUNT OF GIFT WHICH QUALIFIES FOR TAX DEDUCTIBILITY (USUALLY 80%). THE ORGANIZATION SELLS TICKETS FOR TWO FUNDRAISING EVENTS. THE CONTRIBUTION PORTION IS STATED ON THE TICKET. COMPLIANCE WITH FORMS 8899 AND 1098-C: FORM 990, PART V, LINES 7G AND 7H: THERE WERE NO CONTRIBUTIONS RECEIVED WHICH WOULD HAVE REQUIRED THE ORGANIZATION TO FILE EITHER FORM 8899 OR 1098-C. FORM 990, PART VI, SECTION B, LINE 11 AUDIT COMMITTEE REVIEWS THE 990 IN DETAIL AND A COPY IS PROVIDED TO THE FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CUF BOARD AND KEY EMPLOYEES RECEIVE A COPY OF THE CODE OF CONDUCT WITH THE CONFLICT OF INTEREST POLICY ANNUALLY FOR REVIEW AND RESIGNING. FORM 990, PART VI, SECTION B, LINE 15 CUF HAD TWO EMPLOYEES IN CALENDAR YEAR 2012 WHOSE SALARY IS DETERMINED BY THE HUMAN RESOURCES COMMITTEE AND APPROVED BY THE FULL BOARD. ALL OTHER INDIVIDUALS CONDUCTING CUF BUSINESS ARE EMPLOYEES OF CLEMSON UNIVERSITY. COMPENSATION OF THE OFFICERS IS DETERMINED THROUGH THE UNIVERSITY HUMAN RESOURCES DEPARTMENT WITHIN THE GUIDELINES ESTABLISHED BY THE STATE OF SOUTH CAROLINA. THE CUF BOARD REVIEWS AND APPROVES THE COMPENSATION SET BY CU ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND UPON REQUEST. EXEMPT ORGANIZATION STATUS WAS FILED IN 1933 AND FILING DOCUMENTS ARE NOT AVAILABLE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF LIFE INSURANCE POLICIES 80,882. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -74,608. TAX ADJ. FOR INVESTMENT INCOME FROM ALTERNATIVE INVESTMENTS 923,973. AUDIT PROCESS: FORM 990, PART XII, LINE 2C ALL RELATED ORGANIZATIONS OF CLEMSON UNIVERSITY PARTICIPATE IN A COMBINED REQUEST FOR PROPOSALS PROCESS EVERY FIVE YEARS. AT LEAST ONE MEMBER FROM EACH BOARD PARTICIPATES IN THE SELECTION PROCESS. THERE IS NO REQUIREMENT FOR ALL ENTITIES TO SELECT THE SAME AUDIT FIRM, BUT THAT HAS BEEN THE PRACTICE FOR THE PAST TWELVE YEARS. CUF HAS AN AUDIT COMMITEE WHICH MEETS AT LEAST THREE TIMES A YEAR AND INTERACTS DIRECTLY WITH THE AUDIT FIRM. CLEMSON UNIVERSITY REAL ESTATE FOUNDATION PO BOX 1889 CLEMSON SC 29633 570933257 RECEIVE GIFTS OF REAL ESTATE AND MANAGE REAL ESTATE HOLDINGS SC 501(C)(3) LINE 11C, III-FI N/A 0 CLEMSON UNIVERSITY ADMN SERVICES BLDG 108 PERIMETER RD CLEMSON SC 29634 576000254 RESEARCH UNIVERSITY SC IRC 115 LINE 5 N/A 0 CHARITABLE REMAINDER ANNUITY TRUSTS (3) TRUST SC N/A 0 CHARITABLE REMAINDER TRUSTS (44) TRUST SC N/A 0 0 1 0 1 1 0 0 0 0 0 1 0 0 1 1 1 1 1 0 CLEMSON UNIVERSITY B 22544166 BOOK VALUE CU CONTINUING EDUCATION & CONFERENCE COMPLEX CORP B 21625 AUDITED FINANCIAL REPORT CLEMSON UNIVERSITY LAND STEWARDSHIP FOUNDATION D 20932472 AUDITED FINANCIAL REPORT CLEMSON UNIVERSITY E 151956883 AUDITED FINANCIAL REPORT CLEMSON UNIVERSITY J 70000 AUDITED FINANCIAL REPORT CU CUF CUREF M BOOK VALUE CLEMSON UNIVERSITY M AUDITED FINANCIAL REPORT CLEMSON UNIVERSITY O 207833 AUDITED FINANCIAL REPORT CLEMSON UNIVERSITY P 1717819 AUDITED FINANCIAL REPORT CLEMSON UNIV RESEARCH FOUNDATION Q 161438 AUDITED FINANCIAL REPORT CLEMSON UNIVERSITY Q 134403 AUDITED FINANCIAL REPORT