FURMAN UNIVERSITY: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: FURMAN UNIVERSITY (EIN 57-0314395)
Tax period: 2010-07-01 to 2011-06-30
Filed: 2012-05-07
IRS object ID: 201221289349300537
Schema version: 2010v3.7
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)
Timestamp	2012-05-07T10:50:34-05:00	Timestamp
Tax Period End Date	2011-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Cherry Bekaert and Holland	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	201 WEST MCBEE AVENUE SUITE 200	AddressLine1
City	Greenville	City
State	SC	State
ZIP Code	29601	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2010-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	570314395	EIN

Name Name

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

Field	Value	IRS element (for citing)
Name Control	FURM	NameControl
Phone	8642942141	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3300 Poinsett Highway	AddressLine1
City	Greenville	City
State	SC	State
ZIP Code	29613	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Mary Lou Merkt	Name
Title	VP for Finance & Administration	Title
Date Signed	2012-04-28	DateSigned

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	MARY LOU MERKT	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	3300 POINSETT HIGHWAY	AddressLine1
City	GREENVILLE	City
State	SC	State
ZIP Code	29613	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	209997316	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	www.furman.edu	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1826	YearFormation
State Legal Domicile	SC	StateLegalDomicile
Activity Or Mission Description	Furman University, a selective, independent liberal arts college of approximately 2,600 students, provides a distinctive undergraduate education which emphasizes an engaged approach to liberal learning.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	36	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	36	NbrIndependentVotingMembers
Total Nbr Employees	2721	TotalNbrEmployees
Total Nbr Volunteers	1092	TotalNbrVolunteers
Total Gross UBI	2433399	TotalGrossUBI
Net Unrelated Business Txbl Income	-215380	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	14344396	ContributionsGrantsPriorYear
Contributions Grants Current Year	17281759	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	127126836	ProgramServiceRevenuePriorYear
Program Service Revenue CY	134586746	ProgramServiceRevenueCY
Investment Income Prior Year	17819130	InvestmentIncomePriorYear
Investment Income Current Year	43542383	InvestmentIncomeCurrentYear
Other Revenue Prior Year	-446649	OtherRevenuePriorYear
Other Revenue Current Year	1109097	OtherRevenueCurrentYear
Total Revenue Prior Year	158843713	TotalRevenuePriorYear
Total Revenue Current Year	196519985	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	43982904	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	45482164	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	70900504	SalariesEtcPriorYear
Salaries Etc Current Year	71790897	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	4077775	TotalFundrsngExpCurrentYear
Other Expense Prior Year	47355209	OtherExpensePriorYear
Other Expenses Current Year	54518455	OtherExpensesCurrentYear
Total Expenses Prior Year	162238617	TotalExpensesPriorYear
Total Expenses Current Year	171791516	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-3394904	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	24728469	RevenuesLessExpensesCY
Total Assets BOY	825808332	TotalAssetsBOY
Total Assets EOY	905096947	TotalAssetsEOY
Total Liabilities BOY	141732059	TotalLiabilitiesBOY
Total Liabilities EOY	138821804	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	684076273	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	766275143	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	FURMAN UNIVERSITY IS A SELECTIVE, INDEPENDENT, CO-EDUCATIONAL LIBERAL ARTS COLLEGE OF APPROXIMATELY 3,000 FULL AND PART-TIME UNDERGRADUATE AND GRADUATE STUDENTS. THE PRIMARY MISSION OF FURMAN AS A LIBERAL ARTS INSTITUTION IS TO PROVIDE A DISTINCTIVE UNDERGRADUATE EDUCATION ENCOMPASSING THE HUMANITIES, FINE ARTS, SOCIAL SCIENCES, MATHEMATICS AND NATURAL SCIENCES, AND SELECTED PROFESSIONAL DISCIPLINES. FURMAN EMPHASIZES ENGAGED LEARNING, A PROBLEM-SOLVING, PROJECT ORIENTED AND RESEARCH BASED EDUCATIONAL PHILOSOPHY. THE UNIVERSITY IS COMMITTED TO LIBERAL LEARNING WITHIN A MORAL AND ETHICAL CONTEXT. FURMAN SEEKS HIGHLY MOTIVATED STUDENTS WITH INQUISTIVE MINDS, VARIED PERSPECTIVES, A SENSE OF PERSONAL INTEGRITY AND MORAL RESPONSIBILITY WITH THE POTENTIAL TO BE LEADERS AND TO MAKE FUTURE CONTRIBUTIONS TO SOCIETY. IN ADDITION TO ITS PRIMARY EMPHASIS ON UNDERGRADUATE EDUCATION, FURMAN OFFERS GRADUATE PROGRAMS IN EDUCATION AND CHEMISTRY AND PROVIDES A CONTINUING EDUCATION PROGRAM FOR THE LARGER	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	112176927	Expense
Grants	45096435	Grants
Revenue	103754594	Revenue
Description	Furman University's primary exempt purpose achievement is to provide higher education to students under a college degree program. The university provided a liberal arts education to 2,825 full-time and part-time undergraduate students and 203 full-time and part-time graduate students during the fiscal year ended 6/30/11. Courses are offered leading to the award of the Bachelor of Arts, Bachelor of Science, Bachelor of Music, Bachelor of Liberal Arts, Master in Arts, and Master in Science. The university conferred 623 Bachelor Degrees and 57 Master Degrees in the 2010-2011 academic year. The university's financial aid program, which awarded in excess of $44 million for the year ended 6/30/11, includes a broad range of academic and special talent scholarships as well as a comprehensive need-based program of grants, loans and work study opportunities.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	20471108	Expense
Grants	0	Grants
Revenue	3423870	Revenue
Description	A Furman education includes social, physical, cultural, and spiritual growth as well as intellectual development. As a result, the programs and activities related to student services and student life are an integral part of the higher education experience. Furman's intercollegiate athletic program consists of nine men's and nine women's sports. Additionally, recreational sports consist of both an intramural and sports club program. Students becoming involved in campus life may become involved in student government, volunteer service corps, leadership development programs, student newspaper, student radio and television station, and departmental club and honor societies. Student service programs include career services, student health services, multicultural affairs, counseling center, and chaplain services.	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Expense	17366601	Expense
Grants	0	Grants
Revenue	25353487	Revenue
Description	The university conducted auxiliary enterprises for the convenience of students, faculty, staff, and the at-large community. These auxiliary enterprises consist of student housing, campus bookstore, golf course, arena, and conference center.	Description

Activity Other ActivityOther (2 entries)

ExpenseExpense	GrantsGrants	DescriptionDescription
2010833	385729	Research Activities
315954		Community Service Activities

Field	Value	IRS element (for citing)
Total Of Other Program Service Exp	2326787	TotalOfOtherProgramServiceExp
Total Of Other Program Service Grnt	385729	TotalOfOtherProgramServiceGrnt
Total Program Service Expense	152341423	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Donor Advised Funds	true	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	true	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	true	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	true	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	true	ConsolidatedAuditFinancialStmt
School	true	School
Foreign Office	false	ForeignOffice
Foreign Activities	true	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	true	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	true	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	true	GrantsToOrganizations
Grants To Individuals	true	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	true	TaxExemptBonds
Invest Tax Exempt Bonds	false	InvestTaxExemptBonds
Escrow Account	false	EscrowAccount
On Behalf Of Issuer	false	OnBehalfOfIssuer
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	true	LoanToOfficerOrDQP
Grant To Related Person	true	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	true	DeductibleNonCashContributions
Deductible Contributions Of Art	true	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	true	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	3924	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	2721	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
Foreign Financial Account	true	ForeignFinancialAccount
Name Of Foreign Country	UK	NameOfForeignCountry
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	true	QuidProQuoContributions
Quid Pro Quo Disclosure	true	QuidProQuoDisclosure
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Form1098 C Filed	true	Form1098CFiled
Excess Business Holdings	false	ExcessBusinessHoldings
Taxable Distributions	false	TaxableDistributions
Distribution To Donor	false	DistributionToDonor
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	36	NbrVotingGoverningBodyMembers
Number Independent Voting Members	36	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	SC	StatesWhereCopyOfReturnIsFiled
Own Website	X	OwnWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	LINDA SARRATT	NamePerson
Telephone Number	8642942141	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	3300 POINSETT HIGHWAY	AddressLine1
City	GREENVILLE	City
State	SC	State
ZIP Code	29613	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (54 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Key EmployeeKeyEmployee	Highest Compensated EmployeeHighestCompensatedEmployee	FormerFormer
Robert H Buckman
Trustee	2.0	X
Alfred G Childers
Trustee	2.0	X
C Jordan Clark
Trustee	2.0	X
Merl F Code
Trustee	2.0	X
Richard Cullen
Trustee	2.0	X
Aubrey C Daniels
Trustee	2.0	X
W Randy Eaddy
Trustee	2.0	X
David G Ellison
Trustee	2.0	X
Angela Walker Franklin
Trustee	2.0	X
P Edwin Good
Trustee	2.0	X
Sean P Hartness
Trustee	2.0	X
David L Hauser
Trustee	2.0	X
Francie M Heller
Trustee	2.0	X
Gordon R Herring
Trustee	2.0	X
Robert E Hill
Trustee	2.0	X
Stanford J Jennings
Trustee	2.0	X
Juan D Johnson
Trustee	2.0	X
C Dan Joyner
Trustee	2.0	X
Carl F Kohrt
Trustee	2.0	X
James C Mabry IV
Truestee	2.0	X
Patrick W McKinney
Trustee	2.0	X
James M Ney
Trustee	2.0	X
Celeste H Patrick
Trustee	2.0	X
Linton B Puckett
Trustee	2.0	X
Richard W Riley
Trustee	2.0	X
Leighan Rinker
Trustee	2.0	X
Paul L Roberston III
Trustee	2.0	X
R Todd Ruppert
Trustee	2.0	X
Daniel S Sanders
Trustee	2.0	X
L Stewart Spinks
Trustee	2.0	X
Peace Sterling Sullivan
Trustee	2.0	X
Lizanne Thomas
Trustee	2.0	X
William R Timmons III
Trustee	2.0	X
David Trone
Trustee	2.0	X
Baxter W Wynn
Trustee	2.0	X
John C Yates
Trustee	2.0	X
Rodney Smolla
President	40.0		X	194267	0	60407
Mary Lou Merkt
VP of Finance & Admininstratio	40.0		X	185554	0	40561
Michael Gatchell
Vice President of Development	40.0		X	148655	0	35910
Connie L Carson
Vice President of Student Life	40.0		X	140985	0	24311
William Berg
Vice President of Enrollment	40.0		X	128421	0	33610
Mark Kelly
VP of Marketing & PR	40.0		X	31049	0	5332
John Beckford
Dean of Faculty	40.0			148361	0	33467	X
Gary Clark
Athletic Director	40.0			139560	0	30254	X
Robert E Lamb
Head Football Coach	40.0			128013	0	32669	X
Kristopher N Kapoor
Chief Investment Officer	40.0			164330	0	28159	X
Fredrick M Miller
Chief Information Officer	40.0			148659	0	38019	X
Kenneth C Abernathy
Professor	40.0			188785	0	30524		X
Lon B Knight
Professor	40.0			187894	0	35740		X
Charles L Brewer
Professor	40.0			164235	0	30494		X
William E Rogers
Professor	40.0			151659	0	16420		X
William J Pierce
Professor	40.0			150969	0	25142		X
David E Shi
President Emeritus				490602	0	77689			X
Thomas A Kazee
Former Executive VP & Provost				113066	0	14725			X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	3005064	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	593433	TotalOtherCompensation
Number Individuals GT100 K	63	NumberIndividualsGT100K
Formers Listed	true	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
Aramark
Post Office Box 828441	PHILADELPHIA	PA	19182	Dining & Catering	9210595
Jennings-Dill Inc
33 Grand Avenue	GREENVILLE	SC	29607	Mechanical Contracto	1929197
The Elliott Group
160 Elliott Dr	WESTMINSTER	SC	29693	Construction	1077416
Arthur J Gallagher
Post Office Box 532124	ATLANTA	GA	30353	Risk Management	1050505
Thomas Glover Associates Inc
Post Office Box 513036	PHILADELPHIA	PA	19175	Technology Solutions	990428

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	31	NumberOfContractorsGT100K
Fundraising Events	32591	FundraisingEvents
Government Grants	3633047	GovernmentGrants
All Other Contributions	13616121	AllOtherContributions
Noncash Contributions	1270425	NoncashContributions
Total Contributions	17281759	TotalContributions

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue	ExclusionExclusionAmount
TUITION AND FEES	900099	103754594	103754594
AUXILIARY SALES	713990	25362788		1307024	$24,055,764
INTERCOLLEGIATE ATHLETICS	900099	3213870	3213870
OTHER INCOME	621300	2045494		770820	$1,274,674
COMMISSION INCOME	561499	210000		210000

Field	Value	IRS element (for citing)
Total Program Service Revenue	134586746	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	7630460	TotalRevenueColumn
Unrelated Business Revenue	7789	UnrelatedBusinessRevenue
Exclusion	$7,622,671	ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	30528	TotalRevenueColumn
Unrelated Business Revenue	30528	UnrelatedBusinessRevenue

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	1089626	Real

Less Rental Expenses LessRentalExpenses

Field	Value	IRS element (for citing)
Real	1014136	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	75490	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	75490	TotalRevenueColumn
Unrelated Business Revenue	75490	UnrelatedBusinessRevenue

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	47321745	Securities
Other	18053	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	10980571	Securities
Other	447304	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	36341174	Securities
Other	-429251	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	35911923	TotalRevenueColumn
Exclusion	$35,911,923	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	130340	GrossIncomeFundraisingEvents
Fundraising Direct Expenses	87785	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	42555	TotalRevenueColumn
Exclusion	$42,554	ExclusionAmount

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	1415395	GrossSalesOfInventory
Cost Of Goods Sold	947535	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	467860	TotalRevenueColumn
Unrelated Business Revenue	31748	UnrelatedBusinessRevenue
Exclusion	$436,112	ExclusionAmount

Other Revenue Misc OtherRevenueMisc (2 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	ExclusionExclusionAmount
SPLIT INTEREST AGREEMENTS	149283	$149,283
LOSS ON INTEREST RATE SWAP	343381	$343,381

Field	Value	IRS element (for citing)
Total Other Revenue	492664	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	196519985	TotalRevenueColumn
Related Or Exempt Function Income	106968464	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	2433399	UnrelatedBusinessRevenue
Exclusion	$69,836,362	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	41000	Total
Program Services	41000	ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	44081300	Total
Program Services	44081300	ProgramServices

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	1359864	Total
Program Services	1359864	ProgramServices

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	1871022	Total
Program Services	1012472	ProgramServices
Management And General	674854	ManagementAndGeneral
Fundraising	183696	Fundraising

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	50620534	Total
Program Services	44535075	ProgramServices
Management And General	4036700	ManagementAndGeneral
Fundraising	2048759	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	4944345	Total
Program Services	4258905	ProgramServices
Management And General	466652	ManagementAndGeneral
Fundraising	218788	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	10726833	Total
Program Services	9100332	ProgramServices
Management And General	1076207	ManagementAndGeneral
Fundraising	550294	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	3628163	Total
Program Services	3169225	ProgramServices
Management And General	300940	ManagementAndGeneral
Fundraising	157998	Fundraising

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	3523473	Total
Program Services	2904652	ProgramServices
Management And General	588127	ManagementAndGeneral
Fundraising	30694	Fundraising

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	225983	Total
Program Services	8684	ProgramServices
Management And General	217299	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	104208	Total
Management And General	104208	ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	1750053	Total
Management And General	1750053	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	0	Total

Advertising Advertising

Field	Value	IRS element (for citing)
Total	468754	Total
Program Services	419427	ProgramServices
Management And General	49027	ManagementAndGeneral
Fundraising	300	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	2886480	Total
Program Services	2586618	ProgramServices
Management And General	242017	ManagementAndGeneral
Fundraising	57845	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	1725165	Total
Program Services	1635777	ProgramServices
Management And General	71677	ManagementAndGeneral
Fundraising	17711	Fundraising

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	3343576	Total
Program Services	3343576	ProgramServices

Travel Travel

Field	Value	IRS element (for citing)
Total	6156048	Total
Program Services	5906642	ProgramServices
Management And General	118081	ManagementAndGeneral
Fundraising	131325	Fundraising

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	1845098	Total
Program Services	1464705	ProgramServices
Management And General	191962	ManagementAndGeneral
Fundraising	188431	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	3830485	Total
Program Services	2692728	ProgramServices
Management And General	1137757	ManagementAndGeneral

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	11305630	Total
Program Services	9860341	ProgramServices
Management And General	1445289	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	662664	Total
Program Services	659231	ProgramServices
Management And General	3433	ManagementAndGeneral

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral	FundraisingFundraising
STUDENT MEAL PLAN COSTS	5708878	5708878
POSTAGE	490214	346033	77886	66295
EQUIPMENT RENTAL & MAINTENANCE	1636207	1487112	134179	14916
MEMBERSHIPS	260861	179383	61212	20266
PRINTING & PUBLICATIONS	1432712	520664	787489	124559

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	7161966	Total
Program Services	5058799	ProgramServices
Management And General	1837269	ManagementAndGeneral
Fundraising	265898	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	171791516	Total
Program Services	152341423	ProgramServices
Management And General	15372318	ManagementAndGeneral
Fundraising	4077775	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	13989	BOY
EOY	1648339	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	8876551	BOY
EOY	12323331	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	11207308	BOY
EOY	10952173	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	677863	BOY
EOY	812700	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
BOY	75000	BOY
EOY	52288	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	6079475	BOY
EOY	5273800	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	789694	BOY
EOY	271104	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	1579941	BOY
EOY	1070658	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	369802633	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	116611868	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	258282360	BOY
EOY	253190765	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	49044879	BOY
EOY	68770653	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	485142763	BOY
EOY	546760241	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	4038509	BOY
EOY	3970895	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	825808332	BOY
EOY	905096947	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	6166302	BOY
EOY	6441482	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	8196620	BOY
EOY	7987920	EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Field	Value	IRS element (for citing)
BOY	104195000	BOY
EOY	102430000	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	6400000	BOY
EOY	6400000	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	16774137	BOY
EOY	15562402	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	141732059	BOY
EOY	138821804	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	253629613	BOY
EOY	278318212	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	291675361	BOY
EOY	344960140	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	138771299	BOY
EOY	142996791	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	684076273	BOY
EOY	766275143	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	825808332	BOY
EOY	905096947	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	24728469	ReconcilationRevenueExpenses
Reconcilation Other Changes	57470401	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
Federal Grant Audit Required	true	FederalGrantAuditRequired
Federal Grant Audit Performed	true	FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School170b1 Aii	X	School170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

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

Contributor Address US ContributorAddressUS

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)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Number Funds Held	7	NumberFundsHeld
Contrib To Funds And Other Accounts	101479	ContribToFundsAndOtherAccounts
Grants Funds And Other Accounts	308590	GrantsFundsAndOtherAccounts
Aggregate Fund Value	2236828	AggregateFundValue

Art Public Exhibition Amts ArtPublicExhibitionAmts

Field	Value	IRS element (for citing)
Revenues Included	13359	RevenuesIncluded
Assets In Part X	3758999	AssetsInPartX

Field	Value	IRS element (for citing)
Held Works Of Art Amts		HeldWorksOfArtAmts
Collect Used For Public Exhibition	X	CollectUsedForPublicExhibition
Collect Used For Preservation	X	CollectUsedForPreservation
Solicited Assets For Sale	false	SolicitedAssetsForSale

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	498281706	BeginningOfYearBalance
Contributions	3993205	Contributions
Investment Earnings Or Losses	94266399	InvestmentEarningsOrLosses
Grants Or Scholarships	7593368	GrantsOrScholarships
Other Expenditures	14846575	OtherExpenditures
Administrative Expenses	1939020	AdministrativeExpenses
End Of Year Balance	572162347	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	444222694	BeginningOfYearBalance
Contributions	12775369	Contributions
Investment Earnings Or Losses	63490049	InvestmentEarningsOrLosses
Grants Or Scholarships	7095624	GrantsOrScholarships
Other Expenditures	13295032	OtherExpenditures
Administrative Expenses	1815750	AdministrativeExpenses
End Of Year Balance	498281706	EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	560043828	BeginningOfYearBalance
Contributions	6763295	Contributions
Investment Earnings Or Losses	-101686200	InvestmentEarningsOrLosses
Grants Or Scholarships	6600326	GrantsOrScholarships
Other Expenditures	12864664	OtherExpenditures
Administrative Expenses	1433240	AdministrativeExpenses
End Of Year Balance	444222693	EndOfYearBalance

Field	Value	IRS element (for citing)
Board Designated EOY Balance	0.17700	BoardDesignatedEOYBalance
Permanent Endowment EOY Balance	0.23860	PermanentEndowmentEOYBalance
Term Endowment EOY Balance	0.58440	TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs	true	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	23098286	OtherCostOrOtherBasis
Book Value	23098286	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	269046303	OtherCostOrOtherBasis
Depreciation	84694793	Depreciation
Book Value	184351510	BookValue

Field	Value	IRS element (for citing)
Leasehold Improvements		LeaseholdImprovements

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	70078241	OtherCostOrOtherBasis
Depreciation	31917076	Depreciation
Book Value	38161165	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	7579804	OtherCostOrOtherBasis
Book Value	7579804	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	253190765	TotalOfBookValueLandBuildings
Financial Derivatives		FinancialDerivatives

Closely Held Equity Interests CloselyHeldEquityInterests

Field	Value	IRS element (for citing)
Book Value	525348625	BookValue
Method Of Valuation	F	MethodOfValuation

Other Securities OtherSecurities (4 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
STATE STREET INTERNAL CASH	13495705	F
REAL ESTATE	2036791	C
REAL ESTATE	379120	F
INVESTMENTS TRANSISTION	5500000	F

Field	Value	IRS element (for citing)
Total Of Book Value Securities	546760241	TotalOfBookValueSecurities
Federal Income Tax Liability	0	FederalIncomeTaxLiability

Other Liabilities OtherLiabilities (11 entries)

DescriptionDescription	AmountAmount
SPLIT INTEREST AGREEMENTS	$3,031,676
STUDENT LOAN ADVANCES	$4,686,056
INTEREST PAYABLE	$745,427
AGENCY FUNDS	$18,143
ACCRUED RETIREMENT EXPENSE	$523,979
ACCRUED MEDICAL CLAIMS	$1,400,000
INTEREST RATE SWAP AGREEMENT	$1,779,930
ASSET RETIREMENT OBLIGATION	$954,344
BOND PREMIUM	$1,794,854
CAPITAL LEASE AGREEMENTS	$576,642
MISCELLANEOUS PAYABLES	$51,351

Field	Value	IRS element (for citing)
Total Of Amounts	15562402	TotalOfAmounts
Total Revenue	196519985	TotalRevenue
Total Expenses	171791516	TotalExpenses
Excess Or Deficit For Year	24728469	ExcessOrDeficitForYear
Net Unrealized GL On Investments	57470399	NetUnrealizedGLOnInvestments
Total Adjustments	57470399	TotalAdjustments
Excess Or Deficit Per FS	82198868	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	253948819	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	57470399	NetUnrealizedGainsInvestments
Revenue Not Rptd F990	57470399	RevenueNotRptdF990
Revenue Subtotal	196478420	RevenueSubtotal
Investment Expenses Not Included	2091021	InvestmentExpensesNotIncluded
Other Revenues Not Included	-2049456	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	41565	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	196519985	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	171749951	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	2049456	OtherExpensesIncluded
Expenses Not Rptd F990	2049456	ExpensesNotRptdF990
Expenses Subtotal	169700495	ExpensesSubtotal
Investment Expenses Not Included2	2091021	InvestmentExpensesNotIncluded2
Expenses Not Rptd On Fin Stmt	2091021	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	171791516	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
FIN 48 Footnote	Schedule D-Part X	The University's policy is to record a liability for any tax position taken that is benefical to the University, including any related interest and penalities, 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, 2011 and 2010 and, accordingly, no liability has been accrued.
Uses of Endowment Funds	Schedule D-Part V, line 4	The University's endowment consists of over 800 separate funds established over many years for scholarships, professorships, lectureships, academic programs and awards, building maintenance, and general institutional support. The overall financial objectives of the endowment are to support the current and future operations of Furman University and to preserve and enhance the purchasing power of the University's endowment. 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.
Revenue Reconciliation	Schedule D-Part XII, line 4b	Other amounts included on Form 990, Part VIII, line 12, but not on line 1 above include rental expenses of $1,014,136, cost of goods sold of $947,535 and direct costs of fundraising of $87,785.
Expense Reconciliation	Part XIII, Line 2d	Other amounts included in total expenses per financial statements, but not on Form 990, Part IX, line 25 include rental expenses of $1,014,136 cost of goods sold of $947,535 and direct costs of fundraising of $87,785.
Collections of Art and Historical Treasures	Schedule D, 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 E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	true	NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc	true	PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media	true	PolicyPublViaBroadcastMedia
Maint Racial Composition Records	true	MaintRacialCompositionRecords
Maint Scholarships Records	true	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	true	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	true	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	false	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	false	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	false	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	false	DiscriminateRaceScholarships
Discriminate Race Educ Policies	false	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	false	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	false	DiscriminateRaceOtherActy
Government Financial Aid Received	true	GovernmentFinancialAidReceived
Government Financial Aid Revoked	false	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	true	ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Racially Nondiscriminatory Policy	Schedule E Part I 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 advertisements and other written communication with the public related to student admissions, programs, and scholarships as well as employment opportunities.
Financial Aid from Government Agency	Schedule E Part I Line 6a	The University participates in the Pell Grant Program, the Supplemental Educational Opportunity Grants Program, the Federal College Work Study Program, and the Perkins Loan Program. Additionally, the University has received a number of grants from the National Science Foundation, The United States Department of Education, The Department of Health and Human Sciences, and The Library of Congress.

Schedule F IRS990ScheduleF

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

Accts Actvs Out US Table AcctsActvsOutUSTable (12 entries)

RegionRegion	Type Of Activities ConductedTypeOfActivitiesConducted	Specific Services ProvidedSpecificServicesProvided	Total ExpendituresTotalExpenditures
Central America and the Caribbean	Program Services	Study Away-Instruction	105171
Central America and the Caribbean	Program Services	Student Scholarships	289883
East Asia and the Pacific	Program Services	Study Away-Instruction	305072
East Asia and the Pacific	Program Services	Student Scholarships	299067
Europe (Including Iceland and Greenland)	Program Services	Study Away-Instruction	2024943
Europe (Including Iceland and Greenland)	Program Services	Student Scholarships	342262
North America	Program Services	Student Scholarships	109807
South America	Program Services	Study Away-Instruction	175526
South America	Program Services	Student Scholarships	57728
South Asia	Program Services	Student Scholarships	221117
Sub-Saharan Africa	Program Services	Study Away-Instruction	338998
Sub-Saharan Africa	Program Services	Student Scholarships	40000

Field	Value	IRS element (for citing)
Subtotal Amount Spent	4309574	SubtotalAmountSpent
Total Amount Spent	4309574	TotalAmountSpent

Grants To Ind Outside US GrantsToIndOutsideUS (7 entries)

Type Of AssistanceTypeOfAssistance	RegionRegion	Number Of RecipientsNumberOfRecipients	Amount Of Cash GrantAmountOfCashGrant	Manner Of Cash DisbursementMannerOfCashDisbursement
Scholarships to attend Furman University	Cent. America/Caribbean	8	289883	reduce fees
Scholarships to attend Furman University	East Asia/Pacific	10	299067	reduce fees
Scholarships to attend Furman University	Europe/Iceland/Greenland	10	342262	reduce fees
Scholarships to attend Furman University	North America	3	109807	reduce fees
Scholarships to attend Furman University	South America	2	57728	reduce fees
Scholarships to attend Furman University	South Asia	6	221117	reduce fees
Scholarships to attend Furman University	Sub-Saharan Africa	1	40000	reduce fees

Field	Value	IRS element (for citing)
Transfer To Foreign Corp	true	TransferToForeignCorp
Interest In Foreign Trust	false	InterestInForeignTrust
Own Foreign Corp	false	OwnForeignCorp
Passive Foreign Invest Co	true	PassiveForeignInvestCo
Foreign Partnership	false	ForeignPartnership
Boycott Countries	false	BoycottCountries

Form990 Schedule F Part V Form990ScheduleFPartV

Field	Value	IRS element (for citing)
Identifier	Monitoring the use of grant funds	Identifier
Return Reference	Schedule F, Part I, Line 2	ReturnReference
Explanation	Furman provides scholarships and/or financial aid to individuals outside of the United States to attend the university. These grants for international students are awarded based on need, merit, and/or goodwill and cover the costs of tuition, room and board. 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 attendence) and can not be diverted from this use.	Explanation

Schedule G IRS990ScheduleG

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	Golf Tournament	NameOfEvent1
Gross Receipts Event1	35500	GrossReceiptsEvent1
Gross Revenue Event1	35500	GrossRevenueEvent1
Non Cash Prizes Event1	1988	NonCashPrizesEvent1
Rent Facility Costs Event1	19166	RentFacilityCostsEvent1
Food And Beverage Event1	8275	FoodAndBeverageEvent1
Other Direct Expenses Event1	920	OtherDirectExpensesEvent1
Name Of Event2	Upstate Diamond	NameOfEvent2
Gross Receipts Event2	31026	GrossReceiptsEvent2
Charitable Contributions Event2	3890	CharitableContributionsEvent2
Gross Revenue Event2	27136	GrossRevenueEvent2
Non Cash Prizes Event2	52	NonCashPrizesEvent2
Rent Facility Costs Event2	3131	RentFacilityCostsEvent2
Food And Beverage Event2	17741	FoodAndBeverageEvent2
Other Direct Expenses Event2	4623	OtherDirectExpensesEvent2
Total Number Of Other Events	10	TotalNumberOfOtherEvents
Gross Receipts Other Events	90572	GrossReceiptsOtherEvents
Charitable Contrib Other Events	28701	CharitableContribOtherEvents
Gross Revenue Other Events	61871	GrossRevenueOtherEvents
Non Cash Prizes Other Events	3944	NonCashPrizesOtherEvents
Rent Facility Costs Other Events	9617	RentFacilityCostsOtherEvents
Food And Beverage Other Events	2770	FoodAndBeverageOtherEvents
Other Direct Expenses Other Events	10862	OtherDirectExpensesOtherEvents
Gross Receipts Total	157098	GrossReceiptsTotal
Charitable Contributions Total	32591	CharitableContributionsTotal
Gross Revenue Total Events	124507	GrossRevenueTotalEvents
Non Cash Prizes Total Events	5984	NonCashPrizesTotalEvents
Rent Facility Costs Total Events	31914	RentFacilityCostsTotalEvents
Food And Beverage Total Events	28786	FoodAndBeverageTotalEvents
Other Direct Expenses Total Events	16405	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	83089	DirectExpenseSummaryEvents
Net Income Summary	41418	NetIncomeSummary

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	true	RecordsMaintained

Recipient Table RecipientTable (2 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EIN Of RecipientEINOfRecipient	IRC SectionIRCSection	Amount Of Cash GrantAmountOfCashGrant	Purpose Of GrantPurposeOfGrant
Greenville Forward
14 Manly Street	Greenville	SC	29601	204177118	501(c) (3)	15000	Campaign Pledge
Ten At the Top
124 Verdae Boulevard Suite 202	Greenville	SC	29607	270503928	501(c) (3)	6000	Program Support

Form990 Schedule I Part III Form990ScheduleIPartIII (15 entries)

Type Of GrantTypeOfGrant	Number Of RecipientsNumberOfRecipients	Amount Of Cash GrantAmountOfCashGrant	Amount Of Non Cash AssistanceAmountOfNonCashAssistance	Method Of ValuationMethodOfValuation	Description Of Non Cash AssistanceDescriptionOfNonCashAssistance
Scholarships to attend Furman University	2147	42982510
Tuition Benefit Grant Program(not attending Furman	57	105085
Furman Advantage Intern, Research, & Fellowship	331	404675
Chemistry Master Program & Research Stipends	7	25150
Hollingsworth Intern & Research Stipends	6	2500
Campbell Scholar Stipends	12	23000
Freeman Foundation Stipends	19	5700
Herring Intern Stipend	1	4300
Ellison China Stipends	6	9000
Bridges to a Brighter Future Stipends	60	16340
Other Student Research Stipends	187	385729
Student Academic/Department Awards	101	49904
Student Academic/Departmental Awards	45		1582	Cost	Medallions
Student Academic Stipends	22	21575
Bridgeway Foundation Stipends	13	44250

Form990 Schedule I Part IV Form990ScheduleIPartIV

Field	Value	IRS element (for citing)
Identifier	Monitoring the use of Grant Funds	Identifier
Return Reference	Schedule I, Part I, Line 2	ReturnReference
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 US 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 attendence) and can not 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.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	X	TravelForCompanions
Housing Allowance Or Residence	X	HousingAllowanceOrResidence
Club Dues Or Fees	X	ClubDuesOrFees
Written Policy Re T And E Expenses	true	WrittenPolicyReTAndEExpenses
Substantiation Required	true	SubstantiationRequired
Compensation Committee	X	CompensationCommittee
Independent Consultant	X	IndependentConsultant
Written Employment Contract	X	WrittenEmploymentContract
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	true	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	false	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	false	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	false	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	false	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	false	AnyNonFixedPayments
Initial Contract Exception	false	InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (17 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Comp Based On Related OrgsCompBasedOnRelatedOrgs	Bonus Filing OrgBonusFilingOrg	Bonus Related OrgsBonusRelatedOrgs	Other Compensation Filing OrgOtherCompensationFilingOrg	Other Compensation Related OrgsOtherCompensationRelatedOrgs	Deferred Comp Filing OrgDeferredCompFilingOrg	Deferred Comp Related OrgsDeferredCompRelatedOrgs	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs	Total Compensation Filing OrgTotalCompensationFilingOrg	Total Compensation Related OrgsTotalCompensationRelatedOrgs	Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg
Rodney Smolla
165981	0	0	0	28286	0	51876	0	8643	0	254786	0	0
Mary Lou Merkt
145962	0	0	0	39592	0	23500	0	17286	0	226340	0	0	0
Michael Gatchell
146248	0	0	0	2407	0	18849	0	17286	0	184790	0	0	0
Connie L Carson
138116	0	0	0	2869	0	17594	0	6942	0	165521	0	0	0
William Berg
116645	0	0	0	11776	0	16385	0	17225	0	162031	0	0	0
John Beckford
147286	0	0	0	1075	0	18803	0	14889	0	182053	0	0	0
Gary Clark
137965	0	0	0	1595	0	17390	0	13089	0	170039	0	0	0
Robert E Lamb
119718	0	0	0	8295	0	15527	0	17367	0	160907	0	0	0
Kristopher N Kapoor
104010	0	25555	0	34765	0	17696	0	10688	0	192714	0	0	0
Fredrick M Miller
141051	0	0	0	7608	0	19158	0	19086	0	186903	0	0	0
Kenneth C Abernathy
182798	0	0	0	5987	0	17410	0	13339	0	219534	0	0	0
Lon B Knight
185680	0	0	0	2214	0	21752	0	14213	0	223859	0	0	0
Charles L Brewer
139134	0	0	0	25101	0	20427	0	10292	0	194954	0	0	0
William E Rogers
57687	0	0	0	93972	0	9167	0	7384	0	168210	0	0	0
William J Pierce
127685	0	0	0	23284	0	17585	0	7782	0	176336	0	0	0
David E Shi
362985	0	0	0	127617	0	63625	0	14289	0	568516	0	0	0
Thomas A Kazee
78343	0	0	0	34723	0	11926	0	2892	0	127884	0	0	0

Form990 Schedule J Part III Form990ScheduleJPartIII (4 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Supplemental Nonqualified Retirement Plan	Schedule J-Part I, Line 4b	The University contributes to a Supplemental Executive Retirement Plan (SERP) for the benefit of Rodney Smolla, President of the University and Dr. David Shi, President Emeritus. The purpose of the plan is to offer Mr. Smolla and Dr. Shi deferred compensation benefits taxable under Section 457(f) of the Code. The amount the university contributes to the SERP is equal to two times the amount of Mr. Smolla's and Dr. Shi's contribution to the 457(b) Deferred Compensation Plan for Furman University. The amount contributed by the University for calendar year 2010 was $33,000 each for a total of $66,000.
Residence for Personal Use	Schedule J, Part I, Line 1a	The President of the university and his family reside at White Oaks which is the offical residence of the President. The residence is owned and maintained by the University. Cleaning, maintenance, and grounds keeping services are provided by the University for public areas of the residence only.
Social Club Dues	Schedule J, Part I, Line 1a	The University pays the social club membership dues to The Poinsett Club in Greenville, South Carolina for the President of the University and the Vice President of Development. The purpose of the social club memberships is to meet with donors and other supporters of the University.
Travel for Companions	Schedule J, Part I, Line 1a	In some instances the President's wife will accompany him on trips for a specific business purpose such as meetings with donors and other supporters of the University.

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI (3 entries)

Issuer EINIssuerEIN	CUSIP NumberCUSIPNumber	Date IssuedDateIssued	Issue PriceIssuePrice	Description Of PurposeDescriptionOfPurpose	DefeasedDefeased	On Behalf Of IssuerOnBehalfOfIssuer	Pool FinancingPoolFinancing
Educ Facilities Authority for Private Nonprofit
576000286	836896GB0	2006-04-19	41545074	Construction & Capital Improve	false	false	false
Educ Facilities Authority for Private NonProfit
576000286	836896GE4	2006-07-06	46660000	Refunding & Capital Improvemen	false	false	false
Educ Facilities Authority for Private NonProfit
576000286	836896JA9	2010-03-18	21867530	Refunding & Capital Improvemen	false	false	false

Form990 Schedule K Part II Form990ScheduleKPartII (3 entries)

Amount RetiredAmountRetired	Total ProceedsTotalProceeds	Issuance Costs From ProceedsIssuanceCostsFromProceeds	Capital ExpendituresCapitalExpenditures	Amount UnspentAmountUnspent	Year Of Subst CompletionYearOfSubstCompletion	Current RefundingCurrentRefunding	Advance RefundingAdvanceRefunding	Final Allocation MadeFinalAllocationMade	Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind
0	43738149	240000	42713484	0	2008	false	false	true	true
2660000	47609899	305000	11050906	0	2008	true	false	true	true
1905000	21867530	277059	13570	986430	2012	true	true	false	true

Form990 Schedule K Part III Form990ScheduleKPartIII (3 entries)

Owning Bond Financed PropertyOwningBondFinancedProperty	Any Lease ArrangementsAnyLeaseArrangements	Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty	Any Research AgreementsAnyResearchAgreements	Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged	Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs
false	false	false	false	true	true
false	false	false	false	true	true
false	false	false	false	true	true

Form990 Schedule K Part IV Form990ScheduleKPartIV (3 entries)

Form8038 T FiledForm8038TFiled	Variable Rate IssueVariableRateIssue	Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds	Superintegrated HedgeSuperintegratedHedge	Hedge TerminatedHedgeTerminated	Gross Proceeds Invested In GICGrossProceedsInvestedInGIC	Term Of GICTermOfGIC	Regulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfied	Gross Proceeds InvestedGrossProceedsInvested	Exception To RebateExceptionToRebate	Term Of HedgeTermOfHedge
Hypo Public Finance
false	false	false	false	false	true	2.2	true	false	true
Wells Fargo
true	true	true	false	false	true	1.8	true	false	false	20.
(no name)
false	false	false	false	false	false			false	true

Form990 Schedule K Part V Form990ScheduleKPartV (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Proceeds from Bond Issue	Part II, Line 3 Column A	Issue Price of the Bonds per Part I(e) 41,545,074 Investment earnings 2,193,075 Total Proceeds of Issue per Part II, 3 43,738,149
Proceeds from Bond Issue	Part II, Line 3 Column B	Issue Price of the Bonds per Part I(e) 46,660,000 Investment earnings 1,325,542 Arbitrage rebate payment (315,643) Total Proceeds of Issue per Part II, 3 47,609,899

Schedule L IRS990ScheduleL

Loan Table LoanTable

Field	Value	IRS element (for citing)
Name Person	Rodney Smolla	NamePerson
Purpose Of Loan	Relocation Loan	PurposeOfLoan
Loan From Organization	X	LoanFromOrganization
Original Principal	$75,000	OriginalPrincipalAmount
Balance Due	52288	BalanceDue
Default	false	Default
Approved By Board	true	ApprovedByBoard
Written Agreement	true	WrittenAgreement

Field	Value	IRS element (for citing)
Total Balance Due	52288	TotalBalanceDue

Form990 Schedule L Part III Form990ScheduleLPartIII (2 entries)

Name Of Interested PersonNameOfInterestedPerson	Relationship With OrganizationRelationshipWithOrganization	Amount Of GrantAmountOfGrant	Type Of AssistanceTypeOfAssistance
NA	N/A	79772	Tuition Discoun
NA	N/A	15500	Scholarship

Schedule M IRS990ScheduleM

Works Of Art WorksOfArt

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	1	NumberOfContributions
Noncash Contribs Rptd F990	8500	NoncashContribsRptdF990
Method Of Determining Revenues	appraisal	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Art Historical Treasures		ArtHistoricalTreasures
Art Fractional Interest		ArtFractionalInterest

Books And Publications BooksAndPublications

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Noncash Contribs Rptd F990	11	NoncashContribsRptdF990

Field	Value	IRS element (for citing)
Clothing And Household Goods		ClothingAndHouseholdGoods
Cars And Other Vehicles		CarsAndOtherVehicles
Boats And Planes		BoatsAndPlanes
Intellectual Property		IntellectualProperty

Securities Publicly Traded SecuritiesPubliclyTraded

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	48	NumberOfContributions
Noncash Contribs Rptd F990	898433	NoncashContribsRptdF990
Method Of Determining Revenues	stock price	MethodOfDeterminingRevenues

Securities Closely Held Stock SecuritiesCloselyHeldStock

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	2	NumberOfContributions
Noncash Contribs Rptd F990	93048	NoncashContribsRptdF990
Method Of Determining Revenues	independent value	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Securities Prtnrshp Trust Intrsts		SecuritiesPrtnrshpTrustIntrsts
Securities Miscellaneous		SecuritiesMiscellaneous
Qualified Contrib Hist Struct		QualifiedContribHistStruct
Qualified Contrib Other		QualifiedContribOther
Real Estate Residential		RealEstateResidential
Real Estate Commercial		RealEstateCommercial
Real Estate Other		RealEstateOther

Collectibles Collectibles

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	8	NumberOfContributions
Noncash Contribs Rptd F990	5189	NoncashContribsRptdF990
Method Of Determining Revenues	independent valuatio	MethodOfDeterminingRevenues

Food Inventory FoodInventory

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	16	NumberOfContributions
Noncash Contribs Rptd F990	32826	NoncashContribsRptdF990
Method Of Determining Revenues	selling price	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Drugs And Medical Supplies		DrugsAndMedicalSupplies
Taxidermy		Taxidermy
Historical Artifacts		HistoricalArtifacts
Scientific Specimens		ScientificSpecimens
Archaeological Artifacts		ArchaeologicalArtifacts

Other Non Cash Contributions Table OtherNonCashContributionsTable (6 entries)

Non Cash CheckboxNonCashCheckbox	DescriptionDescription	Number Of ContributionsNumberOfContributions	Noncash Contribs Rptd F990NoncashContribsRptdF990	Method Of Determining RevenuesMethodOfDeterminingRevenues
X	Insurance Premiums	2	1970	cost
X	Items for Athletic Programs	5	21373	selling price
X	Items for Cheerleading Program	4	1746	selling price
X	Web Design for Graduate Program	1	79167	selling price
X	Production cost of Furman prints	1	4396	cost
X	Tracking Device for cougar program	1	480	selling Price

Field	Value	IRS element (for citing)
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts	true	ReviewProcessUnusualNCGifts
Third Parties Used	false	ThirdPartiesUsed

Form990 Schedule M Part II Form990ScheduleMPartII

Field	Value	IRS element (for citing)
Identifier	Number of Contributions	Identifier
Return Reference	Schedule M-Part I, Column(b)	ReturnReference
Explanation	Furman University is entering the number of contributions received of each type in accordance with the university's recordkeeping practices.	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (10 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Review Process of 990	Part VI, Section B, Line 11B	The university's Audit Committee of the Board of Trustees, Vice President of Business Affairs, and Controller received a copy of the prepared Form 990 to review prior to filing with the IRS. Any specific issues and/or questions that arose during the review process were addressed. A copy of the final Form 990, as filed with the IRS, was electronically provided to the members of the Audit Committee prior to its filing. The Public Information Copy of Form 990 was provided electronically to each voting member of the university's Board of Trustees prior to its filing with the IRS.
Audited Financial Statements	Part XII, line 2b	Furman University has an annual audit and issues consolidated financial statements of the University and the Furman University Foundation.
Conflict of Interest Policy	Part VI, Section B, Line 12c	The Conflicts 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 Conflicts 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 Conflicts 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 for Employees with Executive or Administrative Responsibilities. This questionnaire requires disclosure of any potential conflicts of interest and is administered by the Human Resoures Department.
Disclosure	Part VI, Section C, Line 19	Furman University makes its governing documents, conflicts of interest policy, and financial statements available upon request. Additionally, the University's consoldiated financial statements and Form 990 can be found on the Furman website. The consolidated financial statements are included on the NACUBO website.
Compensation Process	Part VI, Section B, Line 15	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.
Whistleblower Policy	Part VI, Section B, Line 13	The Furman University Whistleblower Policy was set forth to establish policies and procedures for the submission of concerns surrounding questionable accounting or auditing practices by any member of the Furman community, the receipt, retention, and treatment of complaints received, and the protection of those individuals reporting the concerns. All reported concerns are to be forwarded to the Chairperson of the Trustee Audit Committee in accordance with the procedures set forth in the policy. The Audit Committee shall be responsible for investigating and making appropriate recommendations to the Board of Trustees with respect to reported concerns, as deemed appropriate. Anyone reporting a concern must act in good faith and reports shall be kept confidental to the extent possible.
Transactions with Related Organizations	Schedule R- Part V, Lines 1 and 2	Any transaction which occurred between Furman University and either the Furman University Foundation or Furman Center for Advanced Technology for the tax year ended June 30, 2010, did not exceed the $50,000 threshold.
Transactions with Related Organization-Hollingsworth Funds Inc	Schedule R, Part V, Line 2	Furman University is the primary beneficary of the Hollingsworth Funds, Inc. which was established in 1977 by John D. Hollingsworth. For the year ended June 30, 2011 the university received from the Hollingsworth Fund, a cash grant in the amount of $1,398,271. Of this amount, $1,356,725 was disbursed in fiscal year 2010-2011 to fund The Hollingsworth Scholars Program and to help supplement the specific needs of the Departments of Business and Accounting and Economics.
Other changes in net assets	Part XI, Line 5	Other changes in net assets of $57,470,401 represents the unrealized gain on investments.
Audit Committee	Part XII, Line 2c	Furman University has an Audit Committee comprised of four 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 selection and retainment of the independent audit firm.

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII (3 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EINEIN	Primary ActivitiesPrimaryActivities	Legal Domicile StateLegalDomicileState	Public Charity StatusPublicCharityStatus	Business Name Line1DirectControllingEntityName/BusinessNameLine1	Direct Controlling Entity NADirectControllingEntityNA
Furman University Foundation
3300 Poinsett Highway	Greenville	SC	29613	571061363	Foundation	SC	11b Type II	NA
Furman Center for Advanced Technology
3300 Poinsett Highway	Greenville	SC	29613	571075150	Education	SC	11b Type II		N/A
Hollingsworth Funds Inc
124 Verdae Boulevard Suite 104	Greenville	SC	29607	571003814	Charitable	SC	11a Type I	NA

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	false	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	false	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	true	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	false	LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org	false	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	false	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	false	ExchangeOfAssets
Rental Of Facilities To Other Orgs	false	RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs	false	RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs	false	PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs	false	PerformOfServicesByOtherOrgs
Sharing Of Facilities	false	SharingOfFacilities
Sharing Of Paid Employees	false	SharingOfPaidEmployees
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	false	OtherTransferToOtherOrg
Other Transfer From Other Org	false	OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)

Transaction TypeTransactionType	Amount InvolvedAmountInvolved
Hollingsworth Funds Inc
C	1398271
Furman University Foundation
C	181802