2021-04-29T13:51:55-05:00 2020-06-30 560747981 DIXON HUGHES GOODMAN LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2019-07-01 576017985 UNIVERSITY OF SOUTH CAROLINA EDUCATIONAL FOUNDATION UNIV 8037771466 1027 BARNWELL STREET COLUMBIA SC 29208 R JASON CASKEY PRESIDENT/CEO 8037771466 2021-04-29 1 AMY BIBBY P00445891 8282542254 2021-04-29 2019 2022-09-23 18:48:47Z R JASON CASKEY 1027 BARNWELL STREET COLUMBIA SC 29208 84863901 0 X HTTPS://WWW.UOFSCFOUNDATIONS.ORG/ X 1956 SC SUPPORT THE UNIVERSITY OF SOUTH CAROLINA IN ALL OF ITS EDUCATIONAL, INSTRUCTIONAL, SCIENTIFIC, LITERARY, RESEARCH, SERVICE, CHARITABLE AND OUTREACH ENDEAVORS. 22 22 19 22 0 0 18194153 34125502 500788 342568 23626561 35357101 257534 315646 42579036 70140817 16871887 15739034 0 0 2133311 2637648 643825 0 366063 28786891 23288899 48435914 41665581 -5856878 28475236 563953655 546439344 27412561 17344119 536541094 529095225 SUPPORT THE UNIVERSITY OF SOUTH CAROLINA IN ALL OF ITS EDUCATIONAL, INSTRUCTIONAL, SCIENTIFIC, LITERARY, RESEARCH, SERVICE, CHARITABLE AND OUTREACH ENDEAVORS. 0 0 37747358 15739034 638295 AID THE UNIVERSITY IN ACHIEVING ITS MISSION AS THE STATE'S FLAGSHIP INSTITUTION OF HIGHER EDUCATION THROUGH THE ESTABLISHMENT/IMPLEMENTATION OF LONG-RANGE FUNDRAISING PROGRAMS. 37747358 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 1 1 1 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 1 260 0 1 19 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 0 0 X 22 22 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X X R JASON CASKEY 8037771466 1027 BARNWELL STREET COLUMBIA SC 29208 C JOHN WENTZELL CHAIR EMERITUS 1.00 X X 0 0 0 BOYD B JONES CHAIR 1.00 X X 0 0 0 RITA B CAUGHMAN VICE CHAIR 1.00 X X 0 0 0 PATTI H ADDISON DIRECTOR 1.00 X 0 0 0 JAMES P BARROW DIRECTOR 1.00 X 0 0 0 JAMES BENNETT DIRECTOR 1.00 X 0 0 0 WILLIAM D CHASE DIRECTOR 1.00 X 0 0 0 TRACI Y COOPER DIRECTOR 1.00 X 0 0 0 THOMAS C DEAS JR DIRECTOR 1.00 X 0 0 0 SHARON I EDEN DIRECTOR 1.00 X 0 0 0 CALVIN H ELAM DIRECTOR 1.00 X 0 0 0 R KEITH ELLIOTT DIRECTOR 1.00 X 0 0 0 FRANCES GARDNER DIRECTOR 1.00 X 0 0 0 S STANLEY JUK JR DIRECTOR 1.00 X 0 0 0 SANDRA J KELLY DIRECTOR 1.00 X 0 0 0 KENDA M LAUGHEY DIRECTOR 1.00 X 0 0 0 BUDDY MCENTIRE DIRECTOR 1.00 X 0 0 0 LEAH B MOODY DIRECTOR 1.00 X 0 0 0 W HAIGH PORTER DIRECTOR 1.00 X 0 0 0 JEFF SPEARS DIRECTOR 1.00 X 0 0 0 TONY TAM DIRECTOR 1.00 X 0 0 0 J ALLEN WRIGHT DIRECTOR 1.00 X 0 0 0 JASON CASKEY PRESIDENT AND CEO, UNIVERSITY FOUNDATIONS 15.00 25.00 X 283972 0 20177 LINDSEY E FISHER SECRETARY 30.00 10.00 X 62944 0 23773 KIM ELLIOTT CFO AND TREASURER 30.00 10.00 X 261022 0 17763 HUNTER LAMBERT ASSISTANT VICE PRESIDENT 15.00 25.00 X 57722 0 9390 SUSAN B SMITH COO 30.00 10.00 X 186627 0 56906 JEAN PINCKNEY DIRECTOR OF ACCOUNTING 1.00 39.00 X 115546 0 30755 RUTH ANN SHULER DIRECTOR OF PLANNED GIVING 40.00 X 112035 0 37918 JENNIFER MUIR DIRECTOR OF INVESTMENTS 39.00 1.00 X 146956 0 48421 ROBERT L CASLEN JR UNIVERSITY PRESIDENT 40.00 X 133665 0 0 1360489 0 245103 7 0 1 1 ARAMARK SERVICES INC PO BOX 978839 DALLAS TX 75397 FOOD 308078 RUFFALO CODY HOLDINGS LLC PO BOX 718 DES MOINES IA 50303 CALL CENTER 304170 FUND EVALUATION GROUP PO BOX 639176 CINCINNATI OH 45263 INVESTMENT MANAGER 292089 WITTKIEFFER INC 2015 SPRING ROAD SUITE 510 OAK BROOK IL 60523 CONSULTING 171839 SOUTHERN WAY INC 100 EAST EXCHANGE PLACE COLUMBIA SC 29209 FOOD 170736 15 32356 34093146 4586742 34125502 REGISTRATION FEES 611430 202737 202737 MISCELLANEOUS REVENUE 900099 83125 83125 MUSICAL CONCERTS 711130 56706 56706 342568 9471380 9471380 40587383 14701662 25885721 25885721 25885721 41341 32356 21422 19919 19919 MISCELLANEOUS INCOME 900099 156403 156403 RENTAL 900099 80644 80644 ENDOWMENT REVENUE 900099 50510 50510 8170 8170 295727 70140817 638295 0 35377020 15657784 15657784 81250 81250 794000 794000 1332214 312663 1019551 207622 207622 136359 136359 167453 21227 146226 55534 3475 52059 48562 65 48497 297791 18896 278895 2545216 2431127 39717 74372 45834 35634 10200 952640 775341 111037 66262 448872 132633 180595 135644 1286744 1041389 236621 8734 779103 739285 34871 4947 120119 109768 6096 4255 196287 196287 432586 410364 22222 172065 110876 61189 SALARY/WAGE REIMBURSEME 5879130 5879130 CONSTRUCTION COSTS & EQ 5522085 5465570 56515 CONTRIBUTIONS 2872655 2872655 FOOD SUPPLIES 1147118 1101434 24459 21225 486558 350505 95629 40424 41665581 37747358 3552160 366063 400 400 13515431 8466009 48660382 43283119 5683864 6027134 12366625 5701959 5414018 996489 4708889 4417529 467570732 468420895 421686 421686 1002 1006 11024644 9699607 563953655 546439344 9345581 4197728 9483976 9425134 8583004 3721257 27412561 17344119 X 121757737 87457363 414783357 441637862 536541094 529095225 563953655 546439344 X 28475236 -30543843 -5377262 X X 0 1 X 1 0 X 33414082 72006750 43921150 18194153 34125502 201661637 33414082 72006750 43921150 18194153 34125502 201661637 5577996 196083641 5828560 6714912 7398493 5959450 9471380 35372795 124901 131187 65325 81078 41341 443832 237478264 0.82570 0.82250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 382163064 11561904 4531198 4889492 5584383 3408123 384374168 373491335 11701190 9200626 4897377 4005355 3327355 382163064 348340768 6937289 26696655 4641168 3569100 273109 373491335 264993455 59887646 35228061 4426723 3883931 3457740 348340768 268897251 12444435 -5632550 4110257 3372530 3232894 264993455 0.81000 0.19000 0 0 3229868 3229868 1921871 853319 1068552 112760 112760 0 149519 30410 119109 4417529 X 33919964 -30543843 -5355841 -35899684 69819648 321169 321169 70140817 41365834 21422 21422 41344412 321169 321169 41665581 PART IV, LINE 2B: THE USC EDUCATIONAL FOUNDATION HAS ENTERED INTO AN AGREEMENT WITH THE EDUCATIONAL FOUNDATION OF USC LANCASTER (A SEPERATE 501(C)(3) ENTITY) WHEREBY THE USC EDUCATIONAL FOUNDATION HOLDS, RECEIVES, RECORDS, MANAGES, INVESTS AND DISBURSES ALL PRIVATE FUNDS DONATED TO THE EDUCATIONAL FOUNDATION OF USC LANCASTER. THE EDUCATIONAL FOUNDATION OF USC LANCASTER MAY WITHDRAW THEIR FUNDS AT ANY POINT. THIS AGREEMENT WAS INITIATED TO ENJOY THE ECONOMIES OF SCALE IN REGARDS TO STAFFING, RESOURCES AND ADMINISTRATIVE COSTS. PART V, LINE 4: THE NET INCOME OF THE FOUNDATION'S ENDOWMENT FUNDS IS UTILIZED AS DIRECTED BY THE BOARD OF DIRECTORS OF THE FOUNDATION IN ACCORDANCE WITH THE ESTABLISHED PRIORITIES AND GIFT RESTRICTIONS FOR THE EXCLUSIVE BENEFIT OF THE UNIVERSITY OF SOUTH CAROLINA. THESE USES INCLUDE BUT ARE NOT LIMITED TO: 1) SCHOLARSHIPS AND/OR FELLOWSHIPS 2) CHAIRS AND/OR PROFESSORSHIPS 3) GENERAL PROGRAM SUPPORT FOR VARIOUS UNIVERSITY DEPARTMENTS, COLLEGES, INSTITUTES AND OFFICES. PART X, LINE 2: THE FOUNDATION HAS BEEN GRANTED EXEMPTION FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND ACCORDINGLY, NO PROVISION FOR INCOME TAX IS RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION HAS DETERMINED THAT IT DOES NOT HAVE ANY UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2020. PART XI, LINE 2D - REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER CHANGES IN PLEDGES RECEIVABLE -$5,377,263 SPECIAL EVENTS $21,422 PART XII, LINE 2D - EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER SPECIAL EVENTS $21,422 CENTRAL AMERICA/CARRIBEAN INVESTMENT N/A 8469067 0 0 0 0 0 0 8469067 0 8469067 1 0 0 1 1 0 PART III ACCOUNTING METHOD: SC GALA 35184 23664 11520 389 1500 AUCTION 30440 6121 24319 1221 6356 1132 1 8073 2571 5502 1500 9324 73697 32356 41341 2721 6745 11956 21422 19919 PART I, LINE 2B1, COLUMN (V) THE FUNDRAISING EXPENSES ARE ITEMIZED ON THE INVOICES. 1 NATIONAL MERIT SCHOLARSHIP CORP 1560 SHERMAN AVE SUITE 200 EVANSTON IL 602014897 362307745 501C3 86500 SCHOLARSHIPS UNIVERSITY OF SOUTH CAROLINA 1600 HAMPTON STREET COLUMBIA SC 29208 576001153 115 13755239 1030963 COST EQUIPMENT OPERATING-SCHOLARS CHILDREN'S CENTER AT USC 1530 WHEAT STREET COLUMBIA SC 29205 203404109 501C3 580255 PROJECT SUPPORT FRANCIS MARION UNIVERSITY PO BOX 100547 FLORENCE SC 29502 237432174 115 90000 PROJECT SUPPORT MEDICAL UNIVERSITY OF SOUTH CAROLINA 45 COURTENAY DRIVE CHARLESTON SC 29407 576028985 115 52546 PROJECT SUPPORT 5 SCHOLARSHIPS 4 81250 PART I, LINE 2 - PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS SCHOLARSHIPS ARE PROVIDED ON BEHALF OF THE GRANTEE DIRECTLY TO THE UNIVERSITY FOR APPLICATION AGAINST EDUCATIONAL EXPENSES. PART III, COLUMN (B) SELECTION OF GRANTEES IS CHOSEN BASED ON AVAILABILITY OF FUNDING AND PREDETERMINED SCHOLARSHIP CRITERIA. X X X 0 0 0 0 0 0 0 0 0 JASON CASKEY PRESIDENT AND CEO, UNIVERSITY FOUNDA 283972 0 0 0 0 0 10490 0 10366 0 304828 0 0 0 KIM ELLIOTT CFO AND TREASURER 261022 0 0 0 0 0 17553 0 570 0 279145 0 0 0 SUSAN B SMITH COO 186627 0 0 0 0 0 40825 0 16408 0 243860 0 0 0 JENNIFER MUIR DIRECTOR OF INVESTMENTS 146956 0 0 0 0 0 32340 0 16349 0 195645 0 0 0 PART III - OTHER ADDITIONAL INFORMATION PART VII LINE 5 KIMBERLY H. ELLIOTT RECEIVED PART OF HER COMPENSATION FROM THE UNIVERSITY OF SOUTH CAROLINA AND SUSAN B. SMITH AND JENNIFER MUIR RECEIVED THEIR COMPENSATION FROM THE UNIVERSITY OF SOUTH CAROLINA, AN UNRELATED ORGANIZATION. MS. ELLIOTT RECEIVED A TOTAL OF $37,708 FROM USC. MS. SMITH RECEIVED A TOTAL OF $243,860. MS. MUIR RECEIVED A TOTAL OF $195,645 FROM USC. THE FOUNDATION REIMBURSED THE UNIVERSITY 100% OF THESE COSTS. WENDI BRAZELL SEE SUPPLEMENT 53297 EMPLOYMENT 0 SCHEDULE L, PART V - ADDITIONAL INFORMATION WENDI BRAZELL IS A FAMILY MEMBER OF SUSAN B. SMITH, A KEY EMPLOYEE OF THE FOUNDATION. X 61 4356742 FMV X 1 230000 FMV 1 0 1 1 PART I, COLUMN (B): SECURITIES - PUBLICLY TRADED: 61 CONTRIBUTORS REAL ESTATE - RESIDENTIAL - 1 PIECE OF REAL ESTATE RECEIVED PART I, LINE 32B: THIRD PARTY USED TO PROCESS NONCASH CONTRIBUTIONS. THE EDUCATIONAL FOUNDATION HIRES REAL ESTATE AGENTS TO SELL RESIDENTIAL PROPERTIES. FORM 990, PART VI, SECTION A, LINE 2 KIMBERLY ELLIOTT AND SUSAN SMITH HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS EMAILED TO EACH BOARD MEMBER PRIOR TO FILING. BOARD MEMBERS ARE REQUESTED TO REVIEW THE FORM AND NOTIFY THE FOUNDATION PRIOR TO THE FORM DUE DATE IF THEY HAVE ANY COMMENTS OR CORRECTIONS TO THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION'S CONFLICT OF INTEREST POLICY IS DISTRIBUTED ANNUALLY TO BOARD MEMBERS AT A FULL BOARD MEETING. ATTACHED TO THE COPY OF THE CONFLICT OF INTEREST POLICY IS A SIGNATURE FORM FOR EACH BOARD MEMBER TO SIGN AND INDICATE THAT THEY HAVE READ, AND COMPLIED WITH, THE FOUNDATION'S CONFLICT OF INTEREST POLICY FOR THE YEAR. THE SIGNATURE FORMS ARE COLLECTED AND KEPT BY THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, LINE 15A - COMPENSATION PROCESS FOR TOP OFFICIAL THE TOP OFFICER'S COMPENSATION IS DETERMINED BASED ON PERFORMANCE AND BOARD REVIEWS. THE SALARY IS DERIVED FROM COMPARABLE INDUSTRY DATA AND ACHIEVEMENT OF PERFORMANCE STANDARDS ESTABLISHED AT THE BEGINNING OF EACH FISCAL YEAR. FORM 990, PART VI, LINE 15B - COMPENSATION PROCESS FOR OFFICERS COMPENSATION FOR OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION IS BASED ON PERFORMANCE AND BOARD REVIEWS. THE SALARY IS DERIVED FROM COMPARABLE INDUSTRY DATA AND ACHIEVEMENT OF PERFORMANCE STANDARDS ESTABLISHED AT THE BEGINNING OF EACH FISCAL YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH THE FOUNDATION'S WEBSITE AND UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGES IN PLEDGES RECEIVABLE -5,377,262. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. FORM 990, LINE VIII - ADDITIONAL INFORMATION LINE 11D ALL OTHER REVENUE COLUMN A COLUMN B COLUMN C COLUMN D REUNION FEES $1,105 $1,105 MEMBERSHIP FEES $1,932 $1,932 PATENT $5,134 $5,134 RENTAL $80,645 $80,645 ENDOWMENT REVENUE $50,510 $50,510 THE MARK CATESBY CENTRE LLC 1027 BARNWELL STREET COLUMBIA SC 29208 576017985 EDUCATION & PROMOTION SC 0 4 USC EF USC DEVELOPMENT FOUNDATION 1027 BARNWELL STREET COLUMBIA SC 29208 576026593 DEVELOPMENT SC 501(C)(3) LINE 12C, III-FI N/A 0 CHARITABLE REMAINDER UNITRUST 1027 BARNWELL STREET COLUMBIA SC 29208 CHARITABLE SC N/A T 0 USC INNOVATION LLC 1027 BARNWELL STREET COLUMBIA SC 29208 465676518 DEVELOPMENT SC USCDF C 0 WHEELER HILL DEVELOPMENT LLC 1027 BARNWELL STREET COLUMBIA SC 29208 204996416 DEVELOPMENT SC USCDF C 0 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1 SCHEDULE R, PART I THE PURPOSE OF THE MARK CATESBY CENTRE IS TO EDUCATE THE PUBLIC ABOUT NATURALIST MARK CATESBY'S LIFE AND TO PROMOTE HIS WORK. HE PRECEDED JOHN JAMES AUDUBON AS A NATURALIST WHO RENDERED FLORA AND FAUNA IN ITS NATURAL HABITAT IN THE SOUTHEAST REGION OF THE US AND THROUGHOUT THE CARIBBEAN.