2018-05-14T12:58:07-05:00 2017-06-30 560574444 Cherry Bekaert LLP 110 East Court Street Greenville SC 29601 990 2016-07-01 570426335 Clemson University Foundation CLEM 8646561289 PO Box 1889 Clemson SC 296331889 Harrison F Trammell President and CEO 8646561289 2018-05-11 1 Amanda Adams P00748038 8642333981 2016 2022-09-23 18:48:47Z Harrison F Trammell PO Box 1889 Clemson SC 296331889 150437384 0 X www.clemson.edu/giving/cufoundations X 1933 SC The foundation is organized to promote the welfare and future development of Clemson University. 39 38 2 144 694410 313635 39655861 29965778 3288209 4569756 17028420 14191098 2031548 23523 62004038 48750155 33560996 21617641 0 0 2479111 1238978 303634 277905 4127981 20723516 17332545 57067257 40467069 4936781 8283086 743779194 825035700 233296103 260715612 510483091 564320088 X The Foundation is organized to promote the welfare and future development of Clemson University in its educational and scientific research purposes; to seek and receive gifts for the benefit of Clemson University through endowment giving and other fundraising programs; and to prudently manage the disbursement of these assets within a policy that encourages the enhancement of the resources of the foundation. 0 0 11132728 4206968 4569756 Program support: Non-endowed restricted gifts and other program generated revenues are utilized to support Clemson University's educational mission. 13545571 13545571 Endowed Programs: donors contribute gifts to fund endowments which provide an earnings stream for scholarships, professorships and program support per the donor directives. 3865102 3865102 Capital Projects: the foundation raises funds to construct university buildings, labs and outdoor spaces to support Clemson University. 28543401 1 1 0 1 0 1 0 0 1 1 1 1 0 0 1 1 1 1 0 0 1 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 X 128 0 1 2 1 1 1 1 CJ 0 0 0 1 1 1 1 0 0 0 0 0 0 X 39 38 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X X G Clint Carlson II Director of Finance 8646560925 Admin Services Bldg 108 Perimeter Clemson SC 296345306 Ernest Norville Chair 2.00 0.00 X 0 0 0 Robert Hambright Vice Chair 1.00 0.00 X 0 0 0 Susie Cannon Adams Director 1.00 0.00 X 0 0 0 Ray Anderson Director 1.00 0.00 X 0 0 0 Bryant Barnes Director 1.00 0.00 X 0 0 0 James Barnes Director 1.00 0.00 X 0 0 0 Edith Bostic Director 1.00 0.00 X 0 0 0 Janine Bowen Director 1.00 0.00 X 0 0 0 Celeste Boykin Director 1.00 0.00 X 0 0 0 William Bradley Director 1.00 0.00 X 0 0 0 Jonathan Centurino Director 1.00 0.00 X 0 0 0 Michael Crapps Director 1.00 0.00 X 0 0 0 James Creel Jr Director 1.00 1.00 X 0 0 0 Michael Dowling Director 1.00 0.00 X 0 0 0 Edgar Duckworth Director 1.00 0.00 X 0 0 0 Colonel Sandy Edge Director 1.00 37.50 X 0 99048 22549 R Charles Eldridge Jr Director 1.00 0.00 X 0 0 0 Scott Garvin Director 1.00 1.00 X 0 0 0 Gerald Glenn Director 1.00 0.00 X 0 0 0 Harry Hall IV Director 1.00 0.00 X 0 0 0 Jerry Handegan Director 1.00 0.00 X 0 0 0 Bryant Harrell Director 1.00 0.00 X 0 0 0 Cheryl Holland Director 1.00 0.00 X 0 0 0 Stephen Hutchinson Director 1.00 3.00 X 0 0 0 J Allen Martin Director 1.00 0.00 X 0 0 0 Anthony Mathis Director 1.00 0.00 X 0 0 0 D Byrd Miller III Director 1.00 0.00 X 0 0 0 Suzanne Morse Director 1.00 0.00 X 0 0 0 Mary Joy Pizzella Director 1.00 0.00 X 0 0 0 Norman Pulliam Director 1.00 0.00 X 0 0 0 James Self III Director 1.00 0.00 X 0 0 0 Thomas Sloan Director 1.00 0.00 X 0 0 0 Kenneth Smith Director 1.00 0.00 X 0 0 0 Daniel Stanzione Director 1.00 0.00 X 0 0 0 Charles Sullivan Jr Director 4.00 0.00 X 0 0 0 Joseph Todd Director 1.00 1.00 X 0 0 0 Michael Watt Director 1.00 1.00 X 0 0 0 Jonathan Weitz Director 1.00 1.00 X 0 0 0 Amy Yoder Director 1.00 0.00 X 0 0 0 Harrison Trammell President and CEO 31.50 6.00 X 0 256570 28065 Deborah Newsom CFO and Treasurer 37.50 0.00 X 0 86952 10335 Beth Moore Secretary 1.00 36.50 X 0 40405 19528 John Alexander Jr CIO 8.00 29.50 X 75417 179725 15331 James Clements Clemson University President 1.00 36.50 X 493627 323849 61080 569044 986549 156888 1 0 1 0 Cambridge Associates LLC PO Box 83232 Chicago IL 60691 Investment Advising 695382 Daniel J Edelman Inc 21992 Network Place Chicago IL 60673 Marketing/ Communications 190677 College Connections inc 6129 Long Meadow Road Mclean VA 22101 Alumni Outreach 189937 TJ Dixon & James Nelson 388 Orpheus Avenue Encinitas CA 92024 Sculpture Design/ Fabrication 150000 SW Promotions 728 N Pleasantburg Drive Greenville SC 29607 Marketing/ Communications 149653 7 9875 2826767 27129136 811109 29965778 Endowment Management Fee 523000 1944452 1944452 Affinity Partnerships 541800 1517105 1517105 Program & Activities Revenue 561000 299154 299154 Development Programs 561000 218406 218406 Registration fees 900099 165455 165455 425184 425184 4569756 10207678 694410 9513268 26316 26316 105638320 101654900 3983420 3983420 3983420 29536 9875 32329 -2793 -2793 48750155 4569756 694410 13520211 21617641 21617641 1219565 680765 538800 19413 4369 15044 60554 49405 11149 277905 277905 4750938 4750938 332695 208997 37753 85945 5393655 3078396 1334005 981254 831209 248035 80558 502616 39254 39254 105942 54414 39662 11866 Functions & Events 3195166 2038760 559747 596659 Development Fees 875716 805943 69608 165 Supplies 815694 326314 108110 381270 Shared Services 696618 84403 612215 235104 76242 34620 124242 40467069 28543401 7795687 4127981 58720353 60342269 52508899 51533232 10930285 1570800 9398739 9359485 486739690 552044534 132386438 147570730 4025075 4185450 743779194 825035700 780350 705498 49354298 55974519 183161455 204035595 233296103 260715612 X 26899466 30543950 188675484 228988403 294908141 304787735 510483091 564320088 743779194 825035700 X 8283086 44644830 909081 X X 0 1 X 1 0 X 31054091 42400934 32885983 39655861 29965778 175962647 31054091 42400934 32885983 39655861 29965778 175962647 5820058 170142589 11093132 10323047 13942928 13167325 9539584 58066016 324570 538947 1265415 350346 313635 2792913 14670 116220 33597 164487 236986063 19890901 0.71790 0.73470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 97093 97093 35336850 35433943 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 60718 68014 86519 97093 312344 250000 250000 250000 250000 1000000 1500000 Part I-A, Line 1: The organization does not participate in direct or indirect political campaign activities. Part II - A, Line 1, Lobbying activities: Legislative Activities: Four Clemson University employees (Angela Leidinger, Mark Cothran, Elizabeth Bell, and Michael Wright) are paid by Clemson University to perform certain legislative affairs functions. Leidinger, Cothran, and Wright maintain Clemson University contact with state agencies and are registered lobbyists for the State of South Carolina. Mark Cothran is also a registered federal lobbyist for Clemson University. The Clemson University Foundation provides funding for certain expenses associated with the activities of these Clemson University employees including providing funding for leased office space. 1 0 0 142358 1 1 0 1 X 416356433 11785373 39714101 2525313 11017258 454313336 406874549 22117538 -8443211 4192443 416356433 391902933 17696485 9791770 2722568 9794071 406874549 326453829 18218106 51683871 2701614 6609091 387045101 294007873 8984586 32121897 2487664 6172863 326453829 0.04780 0.62190 0.33030 0 0 11900 8971049 8982949 1833458 1456922 376536 113878 113878 0 9359485 Hedge Funds 91640237 F Private equity 45996847 F Private Real Assets 9933646 F 147570730 Due to related organizations 419697 Accrued liability to Clemson University due to net investment appreciation 95983370 Note Payable to Clemson University 102919316 Actuarial liability of annuities payable 4713212 204035595 X 89585457 44644830 909081 45553911 44031546 4750938 -32329 4718609 48750155 35748460 32329 32329 35716131 4750938 4750938 40467069 Part IV, Line 2b: the foundation holds and invests funds belonging to affiliated organizations. Part V, Line 4: The Foundation's endowment consists of individual funds established for a variety of purposes including both donor-restricted endowment funds and funds designated by the Board of Directors of the Foundation to function as endowments. Payouts are based on a specified percentage of the three year rolling average balance of the endowment funds, the purpose specified by the donor; 65% fund scholarships, fellowships and awards for students, the balance funds professorships and provides support for department and college programs. Part X, Line 2: The Foundation is recognized as an organization exempt from Federal income tax on related income under Section 501(a) of the Internal Revenue Code (the "Code") and described as an organization in Section 501(c)(3) of the Code. Accordingly, only unrelated business income, as defined by Section 513 of the Code, is subject to Federal income tax. The Foundation made a tax payment of $430,280 on estimated unrelated business income for the fiscal year ended June 30, 2016, which is included in endowment expenses on the statements of activities for the year ended June 30, 2016. Of this amount, $311,162 is available to apply toward the Foundation's 2017 unrelated business income tax liability. The Foundation's policy is to record a liability for any tax position taken that is beneficial to the Foundation, including any related interest and penalties, when it is more likely than not the position taken by management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes that there are no such positions as of June 30, 2017 and, accordingly, no liability has been accrued. Part XI, Line 2d - Other Adjustments: Change in value of life insurance policies 77,299. change in Value of Split Interest agreements 831,782. Part XI, Line 4b - Other Adjustments: Special event expenses reported net of revenue in Part VIII -32,329. Part XII, Line 2d - Other Adjustments: Special event expenses reported net of revenue in Part VIII 32,329. Central America and the Caribbean 0 0 investments 84853347 Europe (Including Iceland & Greenland) 0 0 INVESTMENTs 6071869 0 0 0 0 0 0 90925216 0 90925216 1 0 1 1 1 0 part iv line 1 THE ORGANIZATION WAS A TRANSFEROR OF CASH TO VARIOUS FOREIGN CORPORATIONS (INVESTMENTS) DURING THE FISCAL YEAR. SOME OF THE AMOUNTS TRANSFERRED MET THE FORM 926 FILING REQUIReMENTS AND THE FOUNDATION HAS FILED THE FORM 926 for these transactions. part iv line 3 while the foundation had investments in foreign corporations due to various alternative investments, the ownership interests were below the filing thresholds for form 5471. part iv line 4 The organization is an investor in one or more "passive foreign investment companies" ("PFICS"). The organization did not receive any taxable distributions from any of the PFICS during the fiscal year. Form 8621 is not being filed pursuant to IRS guidance set forth in Reg. Sec. 1.1291-1(e). X X X X X X 1 Benz Whaley & FlesSner 7251 OHMS LANE MINNEAPOLIS MN 55439 Capital campaign consultant 0 0 123050 -123050 College Connections Inc 6129 Long Meadow Road McLean VA 22101 campaign consultant 0 0 144855 -144855 David Atchley 17 woodvale avenue greenville SC 29605 campaign consultant 0 0 10000 -10000 277905 -277905 SC student affairs gala 39411 9875 29536 6500 15546 10283 39411 9875 29536 6500 15546 10283 32329 -2793 1 Clemson University Admin Services BLDG 108 Perimeter RD CLEMSON SC 29634 576000254 170(C)(1) 21448373 169268 FMV AT PURCHASE TRANSFER OF PURCHASED EQUIPMENT to promote the welfare and future development of Clemson University 1 0 Part I, Line 2: All disbursements to Clemson University are reviewed for compliance with donor wishes. Scholarship disbursements are administered by the Financial Aid Department of Clemson University. Selected other disbursements are reviewed for compliance by a post disbursement review process and Internal Audits. X X 1 1 X X 0 1 0 1 1 0 0 0 0 Harrison Trammell President and CEO 0 237856 0 10000 0 8714 0 12247 0 15818 0 284635 0 0 John Alexander Jr CIO 75417 163824 0 0 0 15901 0 9074 0 6257 75417 195056 0 0 James Clements Clemson University President 493627 292502 0 0 0 31347 0 44016 0 17064 493627 384929 0 0 Part I, Line 1a Travel expenses incurred by spouses of Clemson University employees are reimbursed when a bona fide business purpose exists. All reimbursements for spousal travel are approved by the president or vice president. There was no taxable spousal travel for the year. The President of Clemson University is provided a family membership to the Walker Course at Clemson University. The value of this benefit is included as taxable compensation to the President. Part I, Line 4b President Clements has a deferred compensation plan under 457(f) that is funded by CUF. The amount set aside under the plan is determined by the Board of Trustees of Clemson University each year and is based on various performance metrics. The vesting period for each fiscal year in which a benefit is awarded is three years after the end of the fiscal year. As of the tax year ending 6/30/17, no amounts have vested under the plan. Part I, Line 5 The CEO's and CIO's total compensation includes base compensation for services along with variable compensation potential. variable compensation, if any, is determined at the close of the fiscal year based upon pre-established criteria and subject to approval by the human resources committee and full board. Form 990, Schedule J The following CUF board members serve as voting directors of other related organizations: James Creel - Clemson University Continuing Education and Conference Center Stephen Hutchinson - Clemson University Continuing Education and Conference Center, Clemson University Real Estate Foundation, and Clemson University Land Stewardship Foundation Scott Garvin - Clemson Architectural Foundation Michael Watt - Clemson University Research Foundation Sandy Edge - IPTAY Joseph Todd - IPTAY CUF officers are employees of Clemson University: Harrison Trammell Deborah Newsom Beth Moore The following employees of Clemson University are also employees of CUF: John Alexander James Clements X 108 696109 Average market value X 1 115000 market value 0 0 1 0 Form 990, PART V, LINE 1C: There were no instances that required backup withholding. Form 990, PART V, LINES 7g and 7h: There were no contributions received which would have required the organization to file either Form 8899 or 1098-C. Form 990, Part VI, Section B, line 11b A copy of the 990 is provided to all board members prior to filing, with the Audit Committee charged with reviewing the 990 in detail. Form 990, Part VI, Section B, line 12c CUF board and key employees receive a copy of the code of conduct with the conflict of interest policy annually for review and signature. Any director or officer who has an interest in a contract, a non-passive investment or other transaction presented to the Board of Directors or a committee thereof for authorization, approval or ratification shall make a prompt and full disclosure of his or her interest to the Board of Directors or such committee prior to any action on such contract or transaction by the Board of Directors or such committee. If a conflict is deemed to exist, such person shall not vote on, nor use his or her personal influence on, nor participate in (other than to present factual information or to respond to questions) the discussions or deliberations with respect to such contract or transactions. Form 990, Part VI, Section B, line 15 CUF has two employees whose salary is determined by the human resource committee and approved by the full board. All other individuals conducting CUF business are employees of Clemson University. Compensation of the officers is determined through the university human resource department within the guidelines established by the state of South Carolina. The CUF board reviews and approves the compensation set by Clemson University annually. Form 990, Part VI, Section C, line 19 Documents are available on the organization's website and upon request. Exempt organization status was filed in 1933 and filing documents are not available. Form 990, Part XI, line 9: Change in value of Life insurance policies 77,299. Change in value of split interest agreements 831,782. form 990, part xii, line 2c ALL RELATED ORGANIZATIONS OF CLEMSON UNIVERSITY PARTICIPATE IN A COMBINED REQUEST FOR PROPOSALS PROCESS EVERY FIVE YEARS. AT LEAST ONE MEMBER FROM EACH BOARD PARTICIPATES IN THE SELECTION PROCESS. THERE IS NO REQUIREMENT FOR ALL ENTITIES TO SELECT THE SAME AUDIT FIRM, BUT THAT HAS BEEN THE PRACTICE FOR THE PAST sixteen YEARS. CUF HAS AN AUDIT COMMITtEE WHICH MEETS at least three TIMES A YEAR AND INTERACTS DIRECTLY WITH THE AUDIT FIRM. Clemson University Admin Services Bldg 108 Perimeter R Clemson SC 29634 576000254 Research University SC 170(c)(1) N/A 0 Clemson University Continuing Education And Conference Complex Corporation 108 Perimeter Road Clemson SC 29634 571002122 Operation Of Continuing Education And Conference Center For Clemson Univ SC 501(C)(3) Line 12c, III-FI N/A 0 Clemson University Land Stewardship Foundation PO Box 1889 Clemson SC 29633 274127041 Hold And Manage Real Estate For Clemson University SC 501(C)(3) Line 12a, I CUF and CU 0 Clemson University Real Estate Foundation PO Box 1889 Clemson SC 29633 570933257 Receive Gifts Of Real Estate And Manage Real Estate Holdings SC 501(C)(3) Line 12a, I CUF and CU 0 Clemson University Research Foundation PO Box 946 Clemson SC 29633 570750000 To Support Research And Technology Transfer For The Benefit Of Clemson Univ SC 501(C)(3) Line 12c, III-FI N/A 0 IPTAY PO Box 1529 Clemson SC 29633 465666637 To Support Clemson University Athletic Programs SC 501(C)(3) Line 12c, III-FI N/A 0 charitable remainder annuity trusts (3) trust SC N/A T 0 charitable remainder trusts (44) trust SC N/A T 0 Clemson University Foundation Holdings LLC 155 Old Greenville Hwy Ste 105 Clemson SC 29631 813206816 INVESTMENTS SC CUf C 1.00000 1 0 1 1 1 1 0 0 0 0 0 0 0 1 1 1 1 1 1 1 clemson university B 21617641 Book Clemson University Real Estate Foundation C 2826767 book Clemson University E 198902686 Book Clemson University O 1879578 book Clemson University P 1944452 Book IPTAY R 77553 Book CU Continuing Education & Conference Complex Corporation R 207295 Book