2021-01-11T10:21:51-06:00 2020-06-30 560747981 DIXON HUGHES GOODMAN LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2019-07-01 237069236 COLLEGE OF CHARLESTON FOUNDATION COLL 8439533130 66 GEORGE STREET CHARLESTON SC 29424 DEBYE ALDERMAN EXECUTIVE DIR. OF FINANCE AND ADMIN 8439533130 2020-11-20 1 AMY BIBBY P00445891 8282542254 2020-11-20 2019 2022-09-23 18:48:47Z DEBYE ALDERMAN 66 GEORGE STREET CHARLESTON SC 29424 43664077 0 X GIVING.COFC.EDU/FOUNDATION X 1970 SC TO PROMOTE EDUCATION, RESEARCH, AND DEVELOPMENT PROGRAMS FOR THE EXCLUSIVE BENEFIT OF THE COLLEGE OF CHARLESTON 36 36 6 40 27803 0 10764964 9335691 0 0 728295 1499178 1079964 1066092 12573223 11900961 4356481 4926622 0 0 2246030 2665624 146362 138000 1551197 3957954 4219959 10706827 11950205 1866396 -49244 138344731 143872892 1719012 1518590 136625719 142354302 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 6129933 4754172 SEE SCHEDULE O FOR A COMPLETE DESCRIPTION OF OUR ACCOMPLISHMENTSTHE COLLEGE OF CHARLESTON FOUNDATION CELEBRATED ITS 50TH ANNIVERSARY IN 2020, COINCIDING WITH THE 250TH ANNIVERSARY OF THE FOUNDING OF THE COLLEGE OF CHARLESTON. FOR ITS ENTIRE EXISTENCE, THE FOUNDATION HAS BEEN DEDICATED TO SUPPORTING THE ACTIVITIES AND GOALS OF THE COLLEGE. IN DOING SO, THE FISCAL YEAR ENDING JUNE 30, 2020 GARNERED $17,705.389 IN COMMITMENTS, AN INCREASE OF MORE THAN 12 PERCENT OVER THE PREVIOUS FISCAL YEAR.SEVERAL POINTS OF PRIDE EMERGE FROM THE FOUNDATION'S FY20 ACCOMPLISHMENTS: -MORE THAN 6,500 UNIQUE DONORS (GROWTH OF 5.2%) -INCREASE OF NEARLY $2 MILLION IN ANNUAL GIVING PROGRAMS ($4.9 MILLION IN COMMITMENTS) -$11.8 MILLION IN CASH, STOCK AND IN-KIND RECEIPTS -$6.4 MILLION SECURED IN ESTATE INTENTIONS, AND MORE THAN $1 MILLION IN ESTATE REVENUE -ALUMNI DONORS LEAD ALL CONSTITUENCIES, WITH MORE THAN $7.2 MILLION IN COMMITMENTS AND 2,375 DONORS -THE SECOND LEADING CONSTITUENCY IS FRIENDS, WITH MORE THAN $2.6 MILLION IN COMMITMENTS AND 2,348 DONORS. -GIFTS FROM FACULTY AND STAFF ROSE BY 73% TO MORE THAN $1.2 MILLION -APPROXIMATELY 830 STUDENTS RECEIVED 1,090 SCHOLARSHIPS FUNDED THROUGH PHILANTHROPY, TOTALING NEARLY $3.5 MILLION.PERHAPS THE GREATEST ACCOMPLISHMENT FOR FY20 IS THE SUCCESS OF THE FIRST-EVER COFC DAY ON JANUARY 30 24 HOURS DURING WHICH DONORS SUPPORTED THE COLLEGE TO THE TUNE OF $5 MILLION. THE DONATION GOAL WAS $1 MILLION, YET MORE THAN 1,400 ALUMNI, FRIENDS, FACULTY, STAFF, AND STUDENTS RALLIED TO MAKE THE FIRST-EVER COFC DAY A SUCCESS THIS MANY DONORS IN ONE DAY IS A RECORD AT THE COLLEGE. HOWEVER, COFC DAY WAS ABOUT MORE THAN DRIVING DONATIONS TO THE COLLEGE. THE DAY WAS CREATED TO INSTILL PRIDE AND SPIRIT INTO THE HEARTS AND MINDS OF THE 90,000 ALUMNI. THE ALUMNI ASSOCIATION WORKED TO ENGAGE ALUMNI AROUND THE WORLD TO PARTICIPATE IN COFC DAY. SIXTEEN ALUMNI CLUBS GARNERED BETWEEN 600-700 PARTICIPANTS TO GATHER ON THAT DAY IN LOCALES LIKE LONDON, ENGLAND; WASHINGTON, D.C.; BOSTON, MASS.; AND ATLANTA, GA. AS WELL AS GREENVILLE, COLUMBIA AND THE LOWCOUNTRY. WHILE THE FOUNDATION ENJOYED NUMEROUS ACCOMPLISHMENTS DURING THE LAST FISCAL YEAR, THE COVID-19 PANDEMIC THAT CAUSED REMOTE LEARNING AND WORKING TO BEGIN IN MARCH AND THAT CONTINUES TO IMPACT HIGHER EDUCATION, PRESENTED UNIQUE AND LIKELY LONG-LASTING CHALLENGES TO THE COLLEGE AND THE FOUNDATION. WHILE THE FULL IMPACT OF THIS IS STILL UNKNOWN, BOTH THE FOUNDATION AND COLLEGE REMAIN COMMITTED TO ENSURING QUALITY AND SAFE EDUCATIONAL OPPORTUNITIES ARE AVAILABLE TO STUDENTS. THE MOST SIGNIFICANT CONTRIBUTION THE FOUNDATION MADE TO THE OVERALL EFFORTS WAS IN THE PROMOTION OF THE STUDENT EMERGENCY FUND AS A TOP PRIORITY AND THE EXPEDIENT DISTRIBUTION OF FUNDS RAISED TO HELP STUDENTS WHO NEEDED IT THE MOST. FROM MID-MARCH THROUGH THE SUMMER, THE FOUNDATION SECURED NEARLY $180,000 FROM THE COLLEGE OF CHARLESTON COMMUNITY TO SUPPORT THE STUDENT EMERGENCY FUND. AND, ALL OF THE FUNDS RAISED DURING THAT TIME WERE DISTRIBUTED TO MORE THAN 1,000 STUDENTS WHOSE FINANCIAL CIRCUMSTANCES WERE DIRE BECAUSE OF THE PANDEMIC. FROM JOB LOSS AND LACK OF RESOURCES FOR DISTANCE LEARNING TO OUTSTANDING MEDICAL BILLS AND BASIC NEEDS SUCH AS GROCERIES, THE REASONS STUDENTS REQUIRED HELP WAS WIDE-REACHING; AND THE FOUNDATION'S CAPABILITY TO GET GRANTS INTO STUDENTS' HANDS WAS CRITICAL. THE STORIES OF INSPIRATION AND MOTIVATION THAT TAKE PLACE BEHIND THE FIGURES SHOWCASES HOW GIVING IMPACTS THE COLLEGE OF CHARLESTON CAMPUS. FOLLOWING ARE EXAMPLES OF THE COMMITMENTS THAT THAT SUSTAIN THE COLLEGE'S EFFORTS TO PROVIDE EXCELLENCE IN EDUCATION: 3540693 172450 SEE SCHEDULE O FOR A COMPLETE DESCRIPTION OF OUR ACCOMPLISHMENTSSCHOLARSHIPS/AWARDS -THE LETTIE PATE WHITEHEAD FOUNDATION CONTRIBUTED $192,000 TO SUPPORT ANNUAL SCHOLARSHIPS AT THE COLLEGE. THIS IS THE LARGEST COMMITMENT YET FROM THIS DONOR OVER THE COURSE OF 30+ YEARS. -JOHNNIE BAXLEY III '92 AND MICHELLE BAXLEY COMMITTED A SIX-FIGURE PLANNED GIFT TO THE SCHOLARSHIP ENRICHMENT FUND, WHICH IS USED TO PROVIDE UNRESTRICTED SCHOLARSHIPS AT THE COLLEGE. HONORS COLLEGE -LAURA RICCIARDELLI AND DAVID WATT COMMITTED AN ESTATE GIFT OF $250,000 TO SUPPORT THEIR WATT FAMILY ENDOWED SCHOLARSHIP FOR HONORS COLLEGE STUDENTS. -THE HARRY AND REBA HUGE FOUNDATION PLEDGED $100,000 TO SUPPORT AN 11TH COHORT OF HUGE SCHOLARS IN THE HONORS COLLEGE. LIBRARIES -TAYLOR DEBARTOLA '10 AND WILLIAM SHALOSKY ESTABLISHED SIX-FIGURE PLANNED GIFTS EACH FOR THE HARLAN M. GREEN ENDOWED LGBTQ+ ARCHIVES AND RESEARCH FUND AND THE DEBARTOLA-SHALOSKY ENDOWED FUND FOR AFRICAN AMERICAN HISTORY AT THE AVERY RESEARCH CENTER. -THE WOOD FOUNDATION CONTRIBUTED $150,000 TO SUPPORT THE MARLENE AND NATHAN ADDLESTONE LIBRARY DEAN'S EXCELLENCE FUND TO ADVANCE THE 21ST CENTURY LIBRARIES INITIATIVE AS PART OF THE DRIVE FOR THE 250TH FUNDRAISING INITIATIVE. -THE IGOE LIBRARY FOUNDATION GAVE AN IN-KIND GIFT TO THE FRIENDS OF THE LIBRARY. THE COLLECTION, VALUED AT MORE THAN $185,000, INCLUDES PRINT MATERIALS FROM THE 16TH AND 17TH CENTURIES. THE COLLECTION ALSO INCLUDES AN EARLY PRINTING OF THE KING JAMES BIBLE AND A FIRST EDITION OF THE 1662 BOOK OF COMMON PRAYER. SCHOOL OF THE ARTS -RECEIVED A DISTRIBUTION OF $196,000 FROM THE ESTATE OF DR. SAMUEL D. THOMAS TO THE INTERNATIONAL PIANO SERIES FOR THE PURCHASE OF A NEW HAMBURG STEINWAY CONCERT GRAND PIANO. -DR. WILLIAM GAUD CONTRIBUTED MORE THAN $81,000 TO SUPPORT THE FRANCES GRIMBALL GAUD PROFESSOR OF ART. SCHOOL OF PROFESSIONAL STUDIES -DAN DICKERSON ESTABLISHED THE CHICK-FIL-A SCHOLARSHIP WITH A GIFT OF $10,000 TO ASSIST STUDENTS WHO DEMONSTRATE FINANCIAL NEED AND MAINTAIN A 3.0 OR HIGHER GPA. PREFERENCE IS FOR STUDENTS WHO ARE JUNIORS OR SENIORS AND IN THE MANAGEMENT AND ORGANIZATIONAL DEVELOPMENT OR HOSPITALITY OPERATIONS MANAGEMENT CONCENTRATIONS.SCHOOL OF LANGUAGES, CULTURES, AND WORLD AFFAIRS -THE OLIVER S. AND JENNIE R. DONALDSON CHARITABLE TRUST PLEDGED $160,000 TO ESTABLISH THE AMERICAN UNIVERSITY IN CAIRO STUDY ABROAD AWARD TO SUPPORT STUDENT EXCHANGES BETWEEN THE COLLEGE AND EGYPTIAN UNIVERSITY. PRESIDENT -LINDA KETNER AND BETH HUNTLEY PLEDGED $50,000 TO THE PRESIDENT'S STRATEGIC INITIATIVES FUND, ONE OF THE PRIORITIES IN THE DRIVE FOR THE 250TH FUNDRAISING INITIATIVE RELATED TO THE COLLEGE'S 250TH ANNIVERSARY. THIS FUND IS USED BY THE COLLEGE'S PRESIDENT TO SUPPORT PROJECTS OR INITIATIVES THAT ARISE THROUGHOUT THE YEAR.ATHLETICS -ANN LAKE '64 AND JOEL LAKE GAVE A GIFT OF $50,000 TO ESTABLISH THE JOEL AND ANNE LAKE ATHLETIC ENDOWED FUND. THIS SCHOLARSHIP IS FOR OUT-OF-STATE STUDENT ATHLETES AT THE COLLEGE. -SUSI BEATTY '86 CONTRIBUTED $100,000 TO SUPPORT THE SUSI BEATTY BIG CAT SCHOLARSHIP TO ASSIST STUDENT-ATHLETES AT THE COLLEGE. MULTIDISCIPLINARY PROGRAMS -PROFESSOR CARL WISE CONTRIBUTED $30,000 TO SUPPORT THE STUDENT EMERGENCY FUND. AT THE BEGINNING OF THE COVID-19 PANDEMIC, COFC ALUMNI, FACULTY, STAFF AND FRIENDS SUPPORTED THIS FUND TO ASSIST STUDENTS WITH URGENT FINANCIAL NEEDS. PROFESSOR WISE'S GIFT PROVIDED A CHALLENGE FOR THE COLLEGE'S FUNDRAISING EFFORTS. -ROBERT AND LORRIE ROSCHMAN CONTRIBUTED $50,000 TO SUPPORT THE STUDENT SUCCESS CENTER 58 GEORGE STREET PROJECT, WHICH IS A PRIORITY IN THE DRIVE FOR THE 250TH FUNDRAISING INITIATIVE. -JOHNNIE BAXLEY III '92 AND MICHELLE BAXLEY COMMITTED A SIX-FIGURE PLANNED GIFT TO SUPPORT THE 250TH ANNIVERSARY FOUNDATION BOARD QUASI ENDOWMENT FUND, WHICH IS THE UNRESTRICTED ENDOWMENT CHAMPIONED AND CREATED BY THE CURRENT FOUNDATION BOARD DIRECTORS. -DARRYL FYALL '01 AND BARBARA SCURRY COMMITTED SIX-FIGURE PLANNED GIFTS EACH TO THE COFC FUND AREA OF GREATEST NEED AND THE COFC UNRESTRICTED ENDOWMENT.SCHOOL OF SCIENCES AND MATHEMATICS -MACE BROWN PLEDGED $50,000 TO ESTABLISH THE MACE BROWN MUSEUM RESEARCH FELLOWSHIP, TO ADVANCE THE RESEARCH AND OUTREACH EFFORTS OF THE MUSEUM. THE FIRST FELLOW IS DR. ROBERT BOESSENECKER. -ANGELA LINDNER '83 AND JAMES LINDNER COMMITTED SIX-FIGURE ESTATE GIFTS EACH TO THE BLALOCK-STEPHENSON-STIRLING ENDOWED UNDERGRADUATE SCHOLARSHIP, THE CHEMISTRY CATALYST AWARD, DR. W. FRANK KINARD ANNUAL CHEMISTRY SCHOLARSHIP, AND SCHOOL OF SCIENCES AND MATHEMATICS DIVERSITY ENHANCEMENT FUND. -THE BMW CORPORATION CONTRIBUTED $50,000 TO ESTABLISH THE BMW ENDOWED SCHOLARSHIP FOR SYSTEMS ENGINEERING, THE COLLEGE'S FIRST SCHOLARSHIP FOR ITS NEW ENGINEERING PROGRAM.SCHOOL OF BUSINESS -DR. MICHAEL COHEN COMMITTED A SIX-FIGURE PLANNED GIFT TO ESTABLISH THE COHEN HOSPITALITY AND TOURISM FUND TO SUPPORT ACTIVITIES IN THE BEVERAGE MANAGEMENT CLASSES. -MR. AND MRS. RICHARD KAY GAVE $100,000 TO SUPPORT THE SCHOOL OF BUSINESS DEAN'S EXCELLENCE FUND, WHICH IS THE PRIMARY FUND THE DEAN USES TO SUPPORT EMERGING AND PRIORITY INITIATIVES.SCHOOL OF HUMANITIES AND SOCIAL SCIENCES -PETER FRANK PLEDGED $150,000 AND STEPHEN POND CONTRIBUTED $100,000 TO ESTABLISH THE DOTTIE BENTON FRANK WRITING SERIES IN THE MFA PROGRAM, WHICH IS DESIGNED TO GIVE MFA STUDENTS EXPOSURE TO WRITING AND PUBLISHING INDUSTRY LEADERS. -ANN PRYOR '83 AND GREG PRYOR CONTINUE TO SUPPORT THE W. N. LOOPER ENDOWED AWARD, WHICH SUPPORT STUDENT INTERNSHIP EXPERIENCES IN WASHINGTON D.C. ON CAPITOL HILL. -THE SCHOOL RECEIVED A DISTRIBUTION OF $216,000 FROM THE ESTATE OF BETTY BRITT FOR THE DEAN'S EXCELLENCE FUND, WHICH IS THE DEAN'S PRIMARY SOURCE TO SUPPORT EMERGING AND PRIORITY NEEDS OF THE SCHOOL.SCHOOL OF EDUCATION, HEALTH, AND HUMAN PERFORMANCE -KATHRYN AND STEPHEN PARKS PLEDGED $60,000 TO THE FRAN WELCH TEACHER EDUCATION ENDOWED SCHOLARSHIP. THE FUND IS SPLIT BETWEEN AN ENDOWED FUND AND A RESTRICTED FUND, SO THAT THE SCHOLARSHIP IS AVAILABLE FOR IMMEDIATE USE WHILE THE ENDOWMENT IS GROWING. 9670626 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 0 0 1 1 0 0 1 1 0 1 0 1 243 0 1 6 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 36 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 SC X X DEBYE ALDERMAN 8439537458 66 GEORGE ST CHARLESTON SC 29424 JEFF KINARD CHAIR 1.00 X X 0 0 0 PEGGY BOYKIN VICE CHAIR 1.00 X X 0 0 0 STEVE KERRIGAN TREASURER 1.00 X X 0 0 0 GLEN BROWN SECRETARY 1.00 X X 0 0 0 JOHNNIE BAXLEY DIRECTOR 1.00 X 0 0 0 MARK BUONO DIRECTOR 1.00 X 0 0 0 LISA BURBAGE DIRECTOR 1.00 X 0 0 0 JOHN CARTER DIRECTOR 1.00 X 0 0 0 MICHELLE COOPER DIRECTOR 1.00 X 0 0 0 ERIC COX DIRECTOR 1.00 X 0 0 0 SCOTT CRACRAFT DIRECTOR 1.00 X 0 0 0 TINA CUNDARI DIRECTOR 1.00 X 0 0 0 JOHN DOUGLASS DIRECTOR 1.00 X 0 0 0 NEIL DRAISIN DIRECTOR 1.00 X 0 0 0 CRAIG ENEY DIRECTOR 1.00 X 0 0 0 ROBBIE FREEMAN DIRECTOR 1.00 X 0 0 0 LESLIE GAMBEE DIRECTOR 1.00 X 0 0 0 GUS GUSTAFSON DIRECTOR 1.00 X 0 0 0 FLEETWOOD HASSELL DIRECTOR 1.00 X 0 0 0 AMY HEYEL DIRECTOR 1.00 X 0 0 0 VIC HOWIE DIRECTOR 1.00 X 0 0 0 REBA HUGE DIRECTOR 1.00 X 0 0 0 JEAN JOHNSON DIRECTOR 1.00 X 0 0 0 CHAPPY MCKAY DIRECTOR 1.00 X 0 0 0 JUSTIN MCLAIN DIRECTOR 1.00 X 0 0 0 CHARLES MOSTELLER DIRECTOR 1.00 X 0 0 0 TRICIA ORY DIRECTOR 1.00 X 0 0 0 RALLIS PAPPAS DIRECTOR 1.00 X 0 0 0 MICHAEL RENAULT DIRECTOR 1.00 X 0 0 0 LAURA RICCIARDELLI DIRECTOR 1.00 X 0 0 0 KEITH SAULS DIRECTOR 1.00 X 0 0 0 HILTON SMITH DIRECTOR 1.00 X 0 0 0 SHERRIE SNIPES-WILLIAMS DIRECTOR 1.00 X 0 0 0 SAM STAFFORD DIRECTOR 1.00 X 0 0 0 DERRICK WILLIAMS DIRECTOR 1.00 X 0 0 0 TOMI YOUNGBLOOD DIRECTOR 1.00 X 0 0 0 MR CHRIS TOBIN EVP-COFC, EXC DIR OF FOUNDATION 20.00 20.00 X 45734 182431 4189 MS DEBYE ALDERMAN EXECUTIVE DIR. OF FINANCE AND ADMIN 20.00 20.00 X 0 113241 747 MR ANDREW HSU PRESIDENT, COFC 20.00 20.00 X 170717 188365 6550 DR ALAN SHAO DEAN, SCHOOL OF BUSINESS - COFC 10.00 30.00 X 61800 261225 2955 278251 745262 14441 1 0 1 0 ARAMARK 66 GEORGE STREET CHARLESTON SC 29424 CATERING SERVICES 403970 R WILLIAM FUNK & ASSOCIATES 2911 TURTLE CREEK BOULEVARD SUITE DALLAS TX 75219 EXECUTIVE RECRUITMENT 313767 BLACKBAUD PO BOX 930256 ATLANTA GA 311930256 SOFTWARE 238040 BB&T FINANCIAL FSB 151 MEETING STREET CHARLESTON SC 29401 BANKING & FINANCIAL SERVICES 237563 EDUCATION ADVISORY BOARD PO BOX 603519 CHARLOTTE NC 282603519 CONSULTING 114717 7 15917 9319774 423333 9335691 108826 27803 81023 695491 0 695491 695491 695491 33147446 1203 31737797 20500 1409649 -19297 1390352 1390352 0 15917 4819 -4819 -4819 11 0 11 11 OTHER REVENUE 900099 367809 367809 LICENSE TAG INCOME 900099 7600 7600 375409 11900961 0 27803 2537467 4754172 4754172 172450 172450 45734 22867 22867 2174756 1281243 210033 683480 373798 215685 39206 118907 71336 41162 7482 22692 31009 28021 2988 138000 138000 34607 3156 31451 570134 494379 60593 15162 182919 153671 12500 16748 991895 793490 90968 107437 257842 268 22419 235155 204821 84699 120122 605606 511332 22750 71524 703636 599283 27456 76897 231829 163890 67939 11668 11668 RECRUITMENT 338413 337010 105 1298 PROFESSIONAL DEVELOPMEN 36090 20857 5654 9579 STUDENT DEVELOPMENT 18078 18078 MISCELLANEOUS EXPENSE 1412 936 476 0 11950205 9670626 728382 1551197 562148 684668 6861492 6805655 872628 1056078 26301 26262 75936 169809 9285421 3627714 5597324 5657707 31962946 34407653 83221629 85654958 9080598 9326373 83729 83729 138344731 143872892 69984 109601 1343942 1357334 6389 305086 45266 1719012 1518590 X 14323603 15789892 122302116 126564410 136625719 142354302 138344731 143872892 X -49244 5623476 154351 X X 0 1 X 1 0 X 13535830 8811420 14325917 10764964 9335691 56773822 13535830 8811420 14325917 10764964 9335691 56773822 4291024 52482798 1686079 1826180 1843678 2033502 804317 8193756 442534 425566 404991 401070 375420 2049581 67017159 0.78310 0.76620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 245775 9326373 X X X 0 97196990 2276517 6131617 4227319 101377805 89204537 4981129 6720991 3709667 97196990 77346847 8488149 6991948 3622407 89204537 55908235 16272153 8052113 2885654 77346847 55207742 3044325 -79057 2264775 55908235 0.07620 0.92380 0 0 3665943 3665943 2249254 2165199 84055 1956846 1264134 692712 1413378 198381 1214997 5657707 TIFF KEYSTONE FUND 85654958 F 85654958 COLLECTIONS OF ART AND HISTORICAL TREASURES 9326373 C 9326373 ANNUITIES PAYABLE 45266 45266 X 17686623 5623476 172563 5796039 11890584 10377 10377 11900961 11958040 18212 18212 11939828 10377 10377 11950205 PART III, LINE 4: THE COLLEGE OF CHARLESTON FRIENDS OF THE LIBRARY'S MISSION IS TO ADVANCE INTELLECTUAL AND CULTURAL EXCELLENCE ON OUR CAMPUS AND THROUGHOUT THE COMMUNITY. PART OF THAT MISSION INCLUDES ENHANCING THE HOLDINGS IN SPECIAL COLLECTIONS AT THE MARLENE AND NATHAN ADDLESTONE LIBRARY. SPECIAL COLLECTIONS IS COMPRISED OF RARE AND VALUABLE BOOKS, MANUSCRIPTS, AND OTHER COLLECTIBLES THAT SUPPORT RESEARCH BY STUDENTS, FACULTY, AND VISITING SCHOLARS. IN RECENT YEARS, SPECIAL COLLECTIONS STAFF IDENTIFIED SEVERAL SIGNIFICANT TITLES THAT WOULD BE STRATEGIC ACQUISITIONS TO CURRENT COLLECTIONS. THE STAFF WAS ABLE TO SECURE THESE ACQUISITIONS AND TO DATE ALL HAVE BEEN USED BY STUDENTS OR FACULTY FOR RESEARCH PAPERS AS PART OF SEVERAL ACADEMIC COURSES TAUGHT AT THE COLLEGE OF CHARLESTON. THESE ACQUISITIONS WOULD NOT HAVE BEEN POSSIBLE WITHOUT PRIVATE SUPPORT. THE IMPACT OF THESE TITLES ON THE ENTIRE CAMPUS AND THE COMMUNITY IS ENDLESS AND IMMEASURABLE. IN TIME, WITH SUPPORT OF THE FRIENDS OF THE LIBRARY, THE STAFF IN SPECIAL COLLECTIONS HOPES TO CONTINUOUSLY GROW THE COLLECTIONS IN THE SAME MANNER. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 619 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED PERPETUAL ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES OF AMERICA, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE FOUNDATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2020. 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: FUNDRAISING EXPENSES INCLUDED IN REVENUE 4,819. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PROMISES TO GIVE 161,754. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 5,990. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES INCLUDED IN REVENUE 4,819. CHANGE IN VALUE OF MARINE GENOMICS GRANT 13,393. EUROPE 1 0 PROGRAM SERVICE A PROPERTY IN TRUJILLO, SPAIN, WAS DONATED TO THE COLLEGE OF CHARLESTON FOR USE IN THE STUDY ABROAD PROGRAM. THE PROPERTY IS NOW BEING USED AS THE RESIDENCE FOR THE PROFESSORS INVOLVED IN THIS PROGRAM. THE FOUNDATION'S DUTY IS TO MAINTAIN AND MANAGE THE PROPERTY. 51100 1 0 0 0 1 0 51100 0 51100 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 0 EAB 2445 M ST NW WASHINGTON DC 20037 DIRECT MAIL/EMAIL 0 246479 138000 108479 246479 138000 108479 YES, I'M A FEMINIST 13710 13710 2684 IMPACT DAY FUND 2207 2207 2135 15917 15917 4819 4819 -4819 1 COLLEGE OF CHARLESTON 66 GEORGE ST CHARLESTON SC 29424 576000265 IRC 115 4517080 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 150000 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. THE MOU WAS RENIGOTIATED IN 2015 FOR AN ADDITIONAL THREE YEARS. FOR THE FISCAL YEAR JULY 1, 2019 - JUNE 30, 2022 THE FOUNDATION PAID THE ALUMNI ASSOCIATION $150,000 IN ACCORDANCE WITH THE MOU. COLLEGE OF CHARLESTON COUGAR CLUB 307 MEETING ST CHARLESTON SC 29401 570640443 501C3 79698 COLLEGE OF CHARLESTON COUGAR CLUB: OPERATIONAL SUPPORT 3 ACADEMIC & ACHIEVEMENT AWARDS 326 172450 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. STUDENT EMERGENCY ASSISTANCE IS PROVIDED BASED ON AN APPLICATION PROCESS MANAGED BY THE COLLEGE OF CHARLESTON DIVISION OF STUDENT AFFAIRS, WHO SHALL SUBMIT APPROVED REQUESTS TO THE FOUNDATION FOR DISTRIBUTION TO A STUDENT. X X X 0 0 0 0 0 0 0 0 0 MR CHRIS TOBIN EVP-COFC, EXC DIR OF FOUNDATION 45734 182431 0 0 0 0 0 0 0 4189 45734 186620 0 0 MR ANDREW HSU PRESIDENT, COFC 170717 188365 0 0 0 0 0 0 0 6550 170717 194915 0 0 DR ALAN SHAO DEAN, SCHOOL OF BUSINESS - COFC 61800 261225 0 0 0 0 0 0 0 2955 61800 264180 0 0 X 2 39500 FAIR MARKET VALUE X 185325 FAIR MARKET VALUE X 7500 FAIR MARKET VALUE X 1 8110 FAIR MARKET VALUE X GRAND PIANO 2 223500 FAIR MARKET VALUE X OTHER MUSICAL INSTRUMENTS 1 53789 FAIR MARKET VALUE X SOFTWARE 1 25000 FAIR MARKET VALUE X ADVERTISEMENT SPACE 1 2100 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B 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 FORM 990 IS FILED WITH THE IRS FOLLOWING THE BOARD REVIEW ONLINE. THE AUDIT AND FINANCE COMMITTEES MEMBERS REVIEW THE FORM AND SUPPORTING SCHEDULES. FOLLOWING REVIEW BY THE COMMITTEES, THE CHAIR OF THE AUDIT COMMITTEE PRESENTS A SUMMARY REVIEW OF THE 990 TO THE BOARD. THE BOARD DOCUMENTS THIS REVIEW IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY ALONG WITH A QUESTIONNAIRE IS DISTRIBUTED ANNUALLY TO EACH BOARD MEMBER. BOARD MEMBERS COMPLETE THE QUESTIONNAIRES AND RETURN THEM TO THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION'S EMPLOYEES ARE HIRED AND PAID BY THE COLLEGE OF CHARLESTON. THE FOUNDATION THEN REIMBURSES THE COLLEGE FOR PORTIONS OF THE EMPLOYEES' SALARY COSTS. THE HIRING PROCESS IS MONITORED BY THE HUMAN RESOURCES DEPARTMENT OF THE COLLEGE OF CHARLESTON AND IS SUBJECT TO THE COLLEGE'S POLICIES AND PROCEDURES. IN RECENT YEARS WHEN HIRING OFFICERS AND KEY EMPLOYEES, THE FOUNDATION IN COLLABORATION WITH THE COLLEGE OF CHARLESTON HAS CONTRACTED WITH OUTSIDE EXECUTIVE SEARCH FIRMS WHO ASSIST IN LOCATING AND INTERVIEWING CANDIDATES. THE FOUNDATION CONSULTS WITH THE SEARCH FIRM AND USES THE FIRM'S EXPERIENCE AND EXPERTISE IN DETERMINING COMPENSATION PACKAGES FOR THESE INDIVIDUALS THAT ARE COMPARABLE TO THOSE OF SIMILAR ORGANIZATIONS. COMPENSATION FOR THE TOP EXECUTIVE, THE EXECUTIVE DIRECTOR OF THE FOUNDATION, IS APPROVED BY THE CHAIR OF THE BOARD, PRIOR TO HIRING. COMPENSATION FOR KEY EMPLOYEES PAID BY THE FOUNDATION AND THE COLLEGE ARE APPROVED BY THE CHAIR OF THE COLLEGE BOARD OF TRUSTEES AS WELL AS THE FOUNDATION. FORM 990, PART VI, SECTION C, LINE 18 PHOTOCOPIES OF THE FORM 990 ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ACCOUNTING OFFICE. IN ADDITION, RECENT FILINGS OF THE FORM 990 ARE AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG AND ON THE FOUNDATION'S WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE FOUNDATION'S WEBSITE AND UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICES. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST 5,990. CHANGE IN ALLOWANCE OF UNCOLLECTIBLE PROMISES TO GIVE 161,754. CHANGE IN VALUE OF MARINE GENOMICS GRANT -13,393. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE IN THE FOUNDATION'S OVERSIGHT OR SELECTION PROCESSES FROM PRIOR YEARS. 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