2014-05-06T10:14:50-05:00 2013-06-30 560747981 DIXON HUGHES GOODMAN LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2012-07-01 237069236 COLLEGE OF CHARLESTON FOUNDATION COLL 8439533130 66 GEORGE STREET CHARLESTON SC 29424 TRACEY BIBLE 8439533130 2014-05-06 1 AMY BIBBY P00445891 8282542254 2012 2015-11-30 17:44:51Z TRACEY BIBLE 66 GEORGE STREET CHARLESTON SC 29424 23557758 0 X GIVING.COFC.EDU/FOUNDATION X 1970 SC TO PROMOTE EDUCATION, RESEARCH, AND DEVELOPMENT PROGRAMS TO BENEFIT THE COLLEGE OF CHARLESTON 31 27 5 31 59 -497 10747497 13603922 0 0 2166866 2105476 1285060 1094059 14199423 16803457 2958862 3613625 0 0 2419351 2552002 100924 35931 1408529 3242057 3810016 8721194 10011574 5478229 6791883 85473047 95929140 3454506 1984446 82018541 93944694 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 5180223 3454633 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: FACULTY CHAIRS, OPERATING FUNDS FOR CENTERS OF EXCELLENCE AND VARIOUS OTHER PROGRAMS. THESE PROGRAMS INCLUDED SUPPORT FOR SIX UNDERGRADUATE SCHOOLS. A FEW SPECIAL DISTINCTIONS OF THE SCHOOLS INCLUDE:-SCHOOL OF THE ARTS BOASTS ONE OF THE NATION'S ONLY UNDERGRADUATE ARTS MANAGEMENT PROGRAMS WHICH COMBINES HISTORIC PRESERVATION AND COMMUNITY PLANNING.-SCHOOL OF LANGUAGES, CULTURES, & WORLD AFFAIRS HAS THE MOST COMPREHENSIVE UNDERGRADUATE FOREIGN LANGUAGE PROGRAM IN THE SOUTHEAST.-SCHOOL OF SCIENCE AND MATHEMATICS HAS AMERICA'S ONLY UNDERGRADUATE PROGRAM IN DISCOVERY INFOMATICS, A GROUNDBREAKING INTERDISCIPLINARY PROGRAM WHICH INTEGRATES COMPUTER SCIENCE AND MATHEMATICS WITH SPECIFIC APPLICATION DISCIPLINES TO CREATE NEW INFORMATION FROM EXISTING INFORMATION.THE FOLLOWING FOUR CENTERS ALSO RECEIVED FUNDING TO IMPROVE OUR CAMPUS AND COMMUNITY THROUGH SERVICE, INNOVATION, AND SCHOLARSHIP: AVERY RESEARCH CENTER FOR AFRICAN AMERICAN HISTORY AND CULTURE - WITH 4,000 ARTIFACTS, BOOKS AND SOURCE MATERIALS TELLING THE HISTORY OF S.C. LOWCOUNTRY BLACKS - FROM SLAVERY TO THE RISE OF GULLAH CULTURE AND ON THROUGH THE CIVIL RIGHTS MOVEMENT - THIS MUSEUM /RESEARCH FACILITY PLAYS A CENTRAL ROLE IN CHARLESTON'S BLACK COMMUNITY THROUGH RESEARCH OPPORTUNITIES AND OUTREACH PROGRAMS. HALSEY INSTITUTE OF CONTEMPORARY ART - AS PART OF THE SCHOOL OF THE ARTS, THE HICA EXHIBITS SOME OF THE FINEST CONTEMPORARY ART IN THE SOUTHEAST, SPONSORS LECTURES, FILM SERIES AND PUBLICATIONS, AND SERVES AS AN INSPIRING LIVING LABORATORY FOR UNDERGRADUATE ART STUDENTS. HIGDON STUDENT LEADERSHIP CENTER - DESIGNED TO HELP STUDENTS DISCOVER AND DEVELOP THE LEADERSHIP SKILLS THAT ENABLE PROFESSIONAL SUCCESS AND EFFECTIVE CITIZENSHIP, THIS CENTER SPONSORS SEVERAL POPULAR COLLEGE PROGRAMS, INCLUDING THE PRE-FRESHMAN COUGAR EXCURSION, THE LEADERSHIP SEMINAR, THE HIGHLY SELECTIVE LEADERSHIP COFC PROGRAM FOR JUNIORS AND SENIORS.N.E. MILES EARLY CHILDHOOD DEVELOPMENT CENTER - A FULLY ACCREDITED INSTITUTION IS ALSO A DEMONSTRATION PROGRAM FOR THE INNOVATIVE APPROACHES TO EARLY CHILDHOOD EDUCATION TAUGHT IN THE COLLEGE'S UNDERGRADUATE AND GRADUATE TEACHING PROGRAMS. FUNDING FOR SPECIAL GUEST LECTURES INCLUDED: A LECTURE BY JON MEACHAM, PRESIDENTIAL HISTORIAN, CONTRIBUTING EDITOR AT TIME AND PULITZER PRIZE-WINNING AUTHOR. KNOWN AS A SKILLED RACONTEUR AND AN ELOQUENT SPEAKER WITH A DEPTH OF KNOWLEDGE ABOUT HISTORY, POLITICS AND RELIGION, MEACHAM IS ONE OF AMERICA'S MOST PROMINENT PUBLIC INTELLECTUALS AND UNDERSTANDS HOW ISSUES AND EVENTS IMPACT OUR LIVES. 2759258 158992 SEE SCHEDULE O FOR A COMPLETE DESCRIPTION OF OUR ACCOMPLISHMENTSSCHOLARSHIPS AND AWARDSTHE FOUNDATION PROVIDED $2,600,267 IN FINANCIAL AID TO SUPPORT STUDENTS AT THE COLLEGE OF CHARLESTON. THIS FINANCIAL AID INCLUDES ACADEMIC, MERIT, AND TRAVEL ABROAD SCHOLARSHIP FUNDING. IN ADDITION, $150,492 WAS PROVIDED IN ACADEMIC AND MERIT ACHIEVEMENT AWARDS. NEARLY 1,200 STUDENTS WERE BENEFICIARIES OF THE FINANCIAL AID AND ACADEMIC/MERIT ACHIEVEMENT AWARDS.THE AMOUNT OF SCHOLARSHIP SUPPORT PROVIDED WAS INCREASED BY 8% 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. 7939481 1 1 0 0 0 0 0 1 0 1 1 1 1 0 1 1 1 1 0 1 1 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 X 166 0 1 5 1 0 1 0 0 0 0 1 1 0 0 0 0 X 31 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 SC X X TRACEY BIBLE 8439537458 66 GEORGE ST CHARLESTON SC 29424 X SHARON B KINGMAN 1.00 X X 0 0 0 HILTON C SMITH JR 1.00 X X 0 0 0 JEFFERY E KINARD 1.00 X X 0 0 0 JOHN H TILLER ESQ 1.00 X X 0 0 0 DR RENEE ANDERSON 1.00 X 0 0 0 WILLIAM S ASBILL 1.00 X 0 0 0 CHARLES BAKER III 1.00 X 0 0 0 WILLIAM GLEN BROWN JR 1.00 X 0 0 0 MARCO L E CAVAZZONI 1.00 X 0 0 0 DIANNE M CULHANE 1.00 X 0 0 0 DR NEIL W DRAISIN 1.00 X 0 0 0 DR DENNIS J ENCARNATION 1.00 X 15210 0 0 ROBERT L FREEMAN 1.00 X 0 0 0 KENNETH S GUSTAFSON 1.00 X 0 0 0 H THOMAS HALLBERG 1.00 X 0 0 0 DOROTHY G HARRISON 1.00 X 0 0 0 DAVID M HAY 1.00 X 0 0 0 A J HEATH 1.00 X 0 0 0 AMY L HEYEL 1.00 X 0 0 0 STEPHEN R KERRIGAN 1.00 X 0 0 0 EDWARD E TED LEGASEY 1.00 X 0 0 0 ARLINDA F LOCKLEAR ESQ 1.00 X 0 0 0 BRADFORD MARSHALL 1.00 X 0 0 0 JOHN E POWELL ESQ 1.00 X 0 0 0 HELLENE S RUNTAGH 1.00 X 0 0 0 R KEITH SAULS 1.00 X 0 0 0 DR SAM STAFFORD III 1.00 X 0 0 0 STEVE D SWANSON 1.00 X 0 0 0 JEFFREY M WEINGARTEN 1.00 X 0 0 0 TOMI G YOUNGBLOOD 1.00 X 0 0 0 KEVIN C ARCHER 1.00 X 0 0 0 GEORGE P WATT JR 20.00 30.00 X 96549 177038 1038 K TRACEY BIBLE 20.00 20.00 X 0 85861 813 P GEORGE BENSON 20.00 30.00 X 395977 164327 49498 GEORGE HYND 5.00 45.00 X 25000 242007 9191 ALAN SHAO 10.00 40.00 X 60900 218376 5336 CHRISTOPHER TOBIN 0.00 40.00 X 0 160192 3348 SUE SOMMER-KRESSE 0.00 40.00 X 0 104605 723 593636 1152406 69947 1 1 1 0 ARAMARK 66 GEORGE STREET CHARLESTON SC 29424 CATERING SERVICES 325031 1 48569 13555353 3438069 13603922 2112181 2112181 820841 0 820841 820841 820841 6693892 6677502 23095 16390 -23095 -6705 -6705 30328 48569 53704 -23376 -23376 4994 0 4994 4994 OTHER REVENUE 900099 284000 59 283941 LICENSE TAG INCOME 900099 7600 7600 291600 16803457 0 59 3199476 3454633 3454633 158992 158992 527526 430977 48274 48275 1647008 847502 161877 637629 37564 37564 279842 97438 29593 152811 60062 16267 43795 53985 23178 29939 868 35931 35931 28608 28608 449459 277526 82479 89454 104071 92181 500 11390 1027974 864313 75316 88345 84044 8357 75687 465376 408610 56766 533960 426250 8752 98958 669595 566851 21704 81040 268020 166036 98003 3981 21105 21105 RECRUITMENT 47055 42668 4387 STUDENT DEVELOPMENT 44762 44762 PROFESSIONAL DEVELOPMEN 12002 4632 7370 10011574 7939481 663564 1408529 629356 402093 134858 144406 7235219 7666861 58664 50560 30772 29679 52044 65485 8252325 2939887 5184481 5312438 48498195 53902971 18191920 20811495 5400404 7482163 57134 60989 85473047 95929140 779018 395207 1282549 1333880 234145 0 1158794 255359 3454506 1984446 X 10093579 10017369 37944520 49823253 33980442 34104072 82018541 93944694 85473047 95929140 X 6791883 5727858 4137 -597725 X 0 1 X 1 0 X 6051221 7840868 8283559 10798661 13638385 46612694 6051221 7840868 8283559 10798661 13638385 46612694 558445 46054249 -2622653 -2636274 2246520 2935407 2933022 2856022 1426356 2116648 1270994 648464 284895 5747357 55216073 9663 0.83410 0.78970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7482163 X X X 0 60043987 1450147 7205832 2412277 66287689 56176452 5314300 824827 2271592 60043987 45524235 4407649 8142737 1898169 56176452 44907383 2082900 -852185 821443 -397104 189524 45524235 37800850 1557923 6898508 706803 357680 285415 44907383 0.01620 0.51440 0.46940 0 0 3068295 3068295 3418961 2104687 1314274 1256319 679221 577098 508750 155979 352771 5312438 TIFF KEYSTONE FUND 20811495 F 20811495 COLLECTIONS OF ART AND HISTORICAL TREASURES 7482163 C 7482163 ANNUITIES PAYABLE 255359 255359 X 22016111 5727858 4137 -492690 5239305 16776806 26651 26651 16803457 10089958 105035 105035 9984923 26651 26651 10011574 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 400 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 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, 2013 AND 2012. FISCAL YEARS ON OR AFTER JUNE 30, 2010 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 -18,480. FUNDRAISING EXPENSES INCLUDED IN REVENUE 53,704. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PROMISES TO GIVE -527,914. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES NET WITH REVENUE 26,651. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES INCLUDED IN REVENUE 53,704. CHANGE IN VALUE OF MARINE GENOMICS ENDOWMENT 51,331. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES NETTED WITH REVENUE 26,651. EUROPE 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. 41000 0 0 0 0 0 0 41000 0 41000 0 0 0 0 0 0 X X X X X X 1 GRENZEBACH GLIER & ASSOCIATES 401 N MICHIGAN AVE STE 2800 CHICAGO IL 60611 COMPREHENSIVE CAMPAIGN CONSULTATION, NO SOLICITATION OF FUND 0 0 35931 -35931 35931 -35931 SC REACH PROGRAM GALA & GOLF TOURNAMEN 36500 25570 10930 750 7352 2326 AWAKEN FOR THE ARTS 23195 11455 11740 3772 10485 13659 1 19202 11544 7658 375 14985 78897 48569 30328 4522 18212 30970 53704 -23376 1 COLLEGE OF CHARLESTON 66 GEORGE ST CHARLESTON SC 29424 576000265 IRC 115 3772989 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 105000 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, 2012 - JUNE 30, 2013 THE FOUNDATION PAID THE ALUMNI ASSOCIATION $105,000 IN ACCORDANCE WITH THE MOU. COLLEGE OF CHARLESTON COUGAR CLUB 307 MEETING ST CHARLESTON SC 29401 570640443 501C3 5700 COLLEGE OF CHARLESTON COUGAR CLUB: THE COUGAR CLUB AT THE COLLEGE OF CHARLESTON IS THE FUND-RAISING ORGANIZATION FOR THE DEPARTMENT OF ATHLETICS, PROVIDING SUPPORT FOR STUDENT ATHLETES IN MEETING THEIR ACADEMIC AND ATHLETIC GOALS. THE COLLEGE OF CHARLESTON FOUNDATION MANAGES ENDOWMENT FUNDS WHICH ARE DESIGNATED FOR THE BENEFIT OF ATHLETICS. THE GRANT FOR $5,700 REPRESENTS THE AMOUNT APPROPRIATED FOR THE SOCCER PROGRAM, WHICH WAS TRANSFERRED TO THE COUGAR CLUB TO PROVIDE OVERSIGHT IN DISBURSEMENT. 3 0 ACADEMIC & ACHIEVEMENT AWARDS FOR STUDENTS AND FACULTY 267 158992 FMV PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 1 1 X X X 0 1 0 0 0 0 0 0 0 GEORGE P WATT JR 90000 177038 0 0 6549 0 0 0 0 1038 96549 178076 0 0 P GEORGE BENSON 200000 153517 0 0 195977 10810 35000 0 0 14498 430977 178825 191459 0 GEORGE HYND 25000 235077 0 0 0 6930 0 0 0 9191 25000 251198 0 0 ALAN SHAO 60900 218343 0 0 0 33 0 0 0 5336 60900 223712 0 0 CHRISTOPHER TOBIN 0 159652 0 0 0 540 0 0 0 3348 0 163540 0 0 SUE SOMMER-KRESSE 0 104376 0 0 0 229 0 0 0 723 0 105328 0 0 PART I, LINE 1A THE PRESIDENT OF THE COLLEGE OF CHARLESTON AND THE ASSOCIATE VP OF DEVELOPMENT UTILIZED CHARTER AIR SERVICE TO VISIT A SIGNIFICANT DONOR. DUE TO SPECIAL CIRCUMSTANCES, CHARTER AIR SERVICE WAS USED. THIS SERVICE IS USED INFREQUENTLY. 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 A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN FOR 2012, AS FOLLOWS. P. GEORGE BENSON: $35,000 SUPPLEMENTAL INFORMATION PART III P. GEORGE BENSON, PRESIDENT OF THE COLLEGE OF CHARLESTON, BECAME FULLY VESTED IN THE 457F PLAN DURING 2012 AND RECEIVED FULL PAYMENT OF $191,458.77. THIS AMOUNT WAS INCLUDED ON HIS 2012 FORM W-2. A WEINGARTEN DAUGHTER OF FOUNDATION BOARD DIRECTOR WEINGARTEN 20633 COMPENSATION REIMBURSED BY THE FOUNDATION TO THE COLLEGE OF CHARLESTON FOR SERVICES PERFORMED 0 X 26 697120 FAIR MARKET VALUE X 2 446895 APPRAISAL X 1 1662766 APPRAISAL X GEMSTONES 2 19626 APPRAISAL X SOFTWARE 1 444095 FAIR MARKET VALUE X MUSICAL INSTRUMENTS 2 53000 APPRAISAL X SEEDLINGS 1 15000 APPRAISAL 0 1 0 TOTAL NUMBER OF EMPLOYEES FORM 990, PART V, PAGE 5, LINE 2A THE FOUNDATION COMPENSATED 28 EMPLOYEES DURING THE YEAR. 5 OF THOSE EMPLOYEES WERE PAID IN PART BY THE COLLEGE OF CHARLESTON FOUNDATION, AND WERE REFLECTED ON THE FOUNDATION'S FORM W-3. THE REMAINDER OF THE EMPLOYEES FOR THE FOUNDATION WERE PAID BY THE COLLEGE OF CHARLESTON, AND THEIR SALARY EXPENSE WAS REIMBURSED BY THE FOUNDATION TO THE COLLEGE OF CHARLESTON. 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 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 VII, SECTION A: DR. ENCARNATION IS A FOUNDATION BOARD DIRECTOR WHO WAS RETAINED BY THE COLLEGE OF CHARLESTON TO SERVE AS AN EXECUTIVE-IN-RESIDENCE. DR. ENCARNATION DID NOT RECEIVE ANY COMPENSATION RELATED TO HIS SERVICE ON THE FOUNDATION BOARD OF DIRECTORS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST -18,480. CHANGE IN ALLOWANCE OF UNCOLLECTIBLE PROMISES TO GIVE -527,914. CHANGE IN VALUE OF MARINE GENOMICS ENDOWMENT -51,331. 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 1333880 COLLEGE OF CHARLESTON J 820841 COLLEGE OF CHARLESTON O 868136 COLLEGE OF CHARLESTON P 2014338