2016-12-01T15:13:11-06:00 2016-06-30 560747981 DIXON HUGHES GOODMAN LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2015-07-01 237069236 COLLEGE OF CHARLESTON FOUNDATION COLL 8439533130 66 GEORGE STREET CHARLESTON SC 29424 DEBYE ALDERMAN DIRECTOR OF FINANCIAL SERVICES 8439533130 2016-11-29 1 AMY BIBBY P00445891 8282542254 2015 2017-02-10 21:41:12Z DEBYE ALDERMAN 66 GEORGE STREET CHARLESTON SC 29424 23761650 0 X GIVING.COFC.EDU/FOUNDATION X 1970 SC TO PROMOTE EDUCATION, RESEARCH, AND DEVELOPMENT PROGRAMS TO BENEFIT THE COLLEGE OF CHARLESTON 31 31 6 41 0 -21046 10998272 13535830 0 0 1173302 849072 1102500 1359330 13274074 15744232 4177887 5398249 0 0 2716374 2470347 0 0 1370009 5739634 4413665 12633895 12282261 640179 3461971 104788472 106409325 2403685 2312763 102384787 104096562 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 6497154 5110282 SEE SCHEDULE O FOR A COMPLETE DESCRIPTION OF OUR ACCOMPLISHMENTSFACULTY AND PROGRAM ENRICHMENT THE FOUNDATION PROVIDED FUNDS IN SUPPORT OF THE FOLLOWING AT THE COLLEGE OF CHARLESTON DURING FISCAL YEAR 2015-2016: SCHOLARSHIPS, ACADEMIC PROGRAMS, FACULTY ENHANCEMENTS, OPERATIONS FUND FOR EXPERIENTIAL LEARNING OPPORTUNITIES AND VARIOUS OTHER INITIATIVES. THE MOST SIGNIFICANT NEWS IN THE FISCAL YEAR IS THE CONCLUSION OF THE 7-YEAR BOUNDLESS CAMPAIGN. WITH THE CULMINATION OF BOUNDLESS: THE CAMPAIGN FOR THE COLLEGE OF CHARLESTON AT MIDNIGHT ON JUNE 30, THE COLLEGE RECEIVED A COLLECTIVE VOTE OF CONFIDENCE FROM NEARLY 24,000 DONORS AND SURPASSED THE CAMPAIGN GOAL OF $125 MILLION - AN UNPRECEDENTED MILESTONE IN THE COLLEGE'S 246-YEAR HISTORY. THE BOUNDLESS CAMPAIGN BEGAN IN OCTOBER 2009 WITH THE GOAL OF SHAPING THE COLLEGE'S NEXT ERA OF DISTINCTION. WITH SIGNIFICANT ACHIEVEMENTS IN MANY OF THE CAMPAIGN'S FIVE STRATEGIC PRIORITIES - SCHOLARSHIPS, WORLD-CLASS FACULTY, ACADEMIC/CAMPUS LIFE PROGRAMS, STATE-OF-THE-ART FACILITIES AND ANNUAL GIVING - BOUNDLESS HAS ENDED ON A HIGH NOTE.A FEW DISTINCTIONS OF THE COLLEGE'S SCHOOLS AND PROGRAMS DURING THE YEAR, WHICH ATTEST TO THE CALIBER OF OUR EDUCATIONAL EXPERIENCE AND OUR STUDENTS INCLUDE:HONORS COLLEGE:-STEVE AND EMILY SWANSON, WHO ESTABLISHED THE SWANSON SCHOLARS PROGRAM, INSPIRED OTHERS TO PARTICIPATE IN THE BOUNDLESS CAMPAIGN BY PLEDGING AN ADDITIONAL $1 MILLION DOLLAR COMMITMENT TO CHALLENGE DONORS TO SUPPORT ENDOWED SCHOLARSHIPS IN THE HONORS COLLEGE. THIS EXTRAORDINARY GESTURE RESULTED IN 43 DONORS PLEDGING MORE THAN $1 MILLION TO ENDOWED SCHOLARSHIPS IN THE HONORS COLLEGE, SURPASSING THE GOAL OF THE CHALLENGE. SCHOOL OF SCIENCES AND MATHEMATICS:-MACE BROWN ENHANCED THE ORIGINAL COLLECTION OF FOSSILS IN THE MACE BROWN MUSEUM OF NATURAL HISTORY WITH AN ADDITIONAL IN-KIND COLLECTION OF FOSSILS VALUED AT $973,000. -THE COLLEGE OF CHARLESTON HAS BEEN RECOGNIZED BY THE AMERICAN INSTITUTE OF PHYSICS FOR BEING AMONG A SELECT GROUP OF UNIVERSITIES IN THE UNITED STATES THAT GRADUATE A LARGE NUMBER OF PHYSICS MAJORS. THE LIST HONORED SCHOOLS THAT OFFERED ONLY BACHELOR DEGREE LEVEL COURSES IN PHYSICS. WITH 13 PHYSICS MAJORS, THE COLLEGE WAS THE ONLY PUBLIC COLLEGE IN SOUTH CAROLINA TO MAKE THE LIST.-THREE COLLEGE OF CHARLESTON PROFESSORS BENEFITED FROM AN $18 MILLION IDEA NETWORK OF BIOMEDICAL RESEARCH EXCELLENCE GRANT DESIGNED TO BOOST THE PALMETTO STATE'S BIOMEDICAL RESEARCH CAPACITY. THE AWARD FROM THE NATIONAL INSTITUTES OF HEALTH IS ADMINISTERED BY THE UNIVERSITY OF SOUTH CAROLINA AND IS SHARED BETWEEN 13 UNIVERSITIES IN SOUTH CAROLINA. AT LEAST 72 PROFESSORS AND 200 STUDENTS ACROSS SOUTH CAROLINA ARE ESTIMATED TO RECEIVE SUPPORT. THE COLLEGE'S JIM DEAVOR, ASSOCIATE DEAN OF THE SCHOOL OF SCIENCES & MATHEMATICS, RECEIVES $100,000 A YEAR FOR FIVE YEARS TO SUPPORT THE BIOMEDICAL SUMMER UNDERGRADUATE RESEARCH PROGRAM (BSURE) THAT PAIRS STUDENTS WITH COFC FACULTY MENTORS. THE GRANT WILL SUPPORT APPROXIMATELY 12 UNDERGRADUATES PERFORMING SUMMERTIME BIOMEDICAL RESEARCH IN AREAS THAT INCLUDE BIOCHEMISTRY, CHEMICAL BIOLOGY, GENETICS, MOLECULAR BIOLOGY, NEUROSCIENCE, AND ORGANIC CHEMISTRY. DEVELOPMENTAL RESEARCH GRANTS WERE ALSO MADE TO CHRISTINE BYRUM, ASSOCIATE PROFESSOR OF BIOLOGY, AND RENAUD GESLAIN, ASSISTANT PROFESSOR OF BIOLOGY, TO FUND THEIR BIOMEDICAL RESEARCH PROGRAMS FOR UP TO THREE YEARS. THE SUPPORT WILL PROVIDE THEM WITH MONEY FOR EQUIPMENT, SUPPLIES, TRAVEL EXPENSES, AND SALARIES IN THE SUMMER FOR THEM AND TWO UNDERGRADUATE STUDENTS.SCHOOL OF HUMANITIES AND SOCIAL SCIENCES:-THE BOEING COMPANY HAS PROVIDED OVER $250,000TO THE COFC-BASED, STATEWIDE, MULTI-AGENCY BOEING FARM-TO-SCHOOL INITIATIVE, LED BY PROFESSOR OLIVIA THOMPSON. THE INITIATIVE FOCUSES ON FIVE KEY COMPONENTS: WORKFORCE DEVELOPMENT FOR EDUCATORS, WORKFORCE DEVELOPMENT FOR SCHOOL NUTRITION STAFF, EDUCATION AND TRAINING FOR FAMILIES, WORKFORCE DEVELOPMENT FOR FARMERS AND FOOD SYSTEMS LEADERS, AND SUPPLY CHAIN INFRASTRUCTURE AND MANAGEMENT.-MICHAEL LEE, AN ASSOCIATE PROFESSOR OF COMMUNICATION IN THE DEPARTMENT OF COMMUNICATION, WAS RECOGNIZED BY THE NATIONAL COMMUNICATION ASSOCIATION FOR HIS BOOK ON THE DEVELOPMENT OF CONSERVATIVE POLITICAL THOUGHT IN POST-WORLD WAR II AMERICA. LEE'S BOOK, "CREATING CONSERVATISM: POSTWAR WORDS THAT MADE AN AMERICAN MOVEMENT," WAS AWARDED THE ASSOCIATION'S 2015 DIAMOND ANNIVERSARY BOOK AWARD, THE 2015 JAMES A. WINANS AND HERBERT A. WICHELNS MEMORIAL AWARD FOR DISTINGUISHED SCHOLARSHIP IN RHETORIC AND PUBLIC ADDRESS, AND THE 2015 KOHRS-CAMPBELL PRIZE IN RHETORICAL CRITICISM.-THE DEPARTMENT OF RELIGIOUS STUDIES WAS AWARDED A GRANT OF $30,000 FROM THE WABASH CENTER TO ENHANCE THE STUDENT ACADEMIC EXPERIENCE. THE MISSION OF THE WABASH CENTER FOR TEACHING AND LEARNING IN THEOLOGY AND RELIGION IS TO ENHANCE AND STRENGTHEN EDUCATION IN NORTH AMERICAN THEOLOGICAL SCHOOLS, COLLEGES AND UNIVERSITIES.SCHOOL OF BUSINESS:-ARGUS SOFTWARE, INC. CONTRIBUTED A SECOND IN-KIND GIFT TO THE CARTER REAL ESTATE CENTER TO ASSIST STUDENTS IN BEING READY TO WORK ONCE THEY GRADUATE. THIS SECOND GIFT IS VALUED AT NEARLY $1.2 MILLION. ARGUS SOFTWARE IS THE INDUSTRY "GOLD STANDARD" FOR DEALING IN COMMERCIAL REAL ESTATE.-BETTY BEATTY DOUBLED HER ANNUAL SUPPORT OF THE GUY AND BETTY BEATTY SCHOLARSHIP WITH A GIFT OF $200,000 TO COMMEMORATE THE 20TH ANNIVERSARY OF THE BEATTY BUNCH SCHOLARS. -SUSI BEATTY PROVIDED A LEADING COMMITMENT OF $125,000 TO SUPPORT THE STUDENT ADVANCEMENT CENTER INITIATIVE. SHE WAS INSPIRED TO INVEST IN THE STUDENT ADVANCEMENT CENTER BECAUSE OF HER SERVICE ON THE BUSINESS SCHOOL'S BOARD OF GOVERNORS AND ITS FOCUS ON THAT INITIATIVE DURING THE FINAL YEAR OF THE BOUNDLESS CAMPAIGN. -CHARLES DANA ALSO SUPPORTED THE STUDENT ADVANCEMENT CENTER WITH A COMMITMENT OF $170,000. THE CENTER WAS ESTABLISHED TO HELP BUSINESS STUDENTS PREPARE FOR SUCCESS IN THEIR CAREERS AFTER GRADUATION.-THE WELLS FARGO FOUNDATION AWARDED THE COLLEGE OF CHARLESTON A GRANT OF $100,000 THAT IS PURPOSED TO GROW THE WELLS FARGO BUSINESS SCHOLARSHIP. CREATED BY THE BANK IN 1998, THE WELLS FARGO BUSINESS SCHOLARSHIP ANNUALLY SUPPORTS TWO STUDENTS MAJORING IN THE COLLEGE'S SCHOOL OF BUSINESS WHO ARE PLANNING TO PURSUE CAREERS IN FINANCE OR BANKING UPON RECEIVING THEIR DEGREES.SCHOOL OF EDUCATION, HEALTH, AND HUMAN PERFORMANCE:-THE SOEHHP HAS COLLABORATED WITH CHUCKTOWN SQUASH TO PROVIDE BOTH ATHLETIC TRAINING AND COMMUNITY SERVICE TO YOUTH FROM CHARLESTON'S TITLE 1 ELEMENTARY, MIDDLE AND HIGH SCHOOLS. THIS UNIQUE AFTER SCHOOL PROGRAM GIVES UNDERGRADUATE STUDENTS THE OPPORTUNITY TO BE ROLE MODELS FOR LOCAL YOUTH FROM DIVERSE BACKGROUNDS, HELPING THEM DEVELOP CRUCIAL LIFE SKILLS AND EXPOSING THEM TO THE IMPACT COLLEGE CAN HAVE ON THEIR LIVES. THE COLLEGE RAISED $500,000 IN COMMITMENTS TO RENOVATE THE F. MITCHELL JOHNSON PHYSICAL EDUCATION CENTER FOR A NEW SQUASH CENTER THAT CAN ADEQUATELY SERVE THE UNDERGRADUATE STUDENTS, THE NATIONALLY RANKED CLUB SQUASH TEAM (IN THE TOP 50 CLUBS IN THE COUNTRY), FACULTY AND STAFF. WITH FIVE INTERNATIONAL STANDARD COURTS, AN ENHANCED SQUASH FACILITY WILL REACH A DIVERSE AUDIENCE, SERVING MORE YOUTH FROM THE CHARLESTON COMMUNITY, INCLUDING HIGH-ACHIEVING MINORITY STUDENTS, AND WILL ALSO PROVIDE HOSTING OPPORTUNITIES FOR THE NATIONAL SQUASH NETWORK. 3685312 287967 SEE SCHEDULE O FOR A COMPLETE DESCRIPTION OF OUR ACCOMPLISHMENTSSCHOLARSHIPS AND AWARDSTHE FOUNDATION PROVIDED $3,397,345 IN FINANCIAL AID TO SUPPORT STUDENTS AT THE COLLEGE OF CHARLESTON. THIS FINANCIAL AID INCLUDES ACADEMIC, MERIT, AND TRAVEL ABROAD SCHOLARSHIP FUNDING. IN ADDITION, $287,967 WAS PROVIDED IN ACADEMIC AND MERIT ACHIEVEMENT AWARDS. 1,386 STUDENTS WERE BENEFICIARIES OF THE FINANCIAL AID AND ACADEMIC/MERIT ACHIEVEMENT AWARDS. 10182466 1 1 0 0 0 0 0 1 0 1 1 1 1 0 1 1 1 1 0 1 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 201 0 1 6 1 0 0 0 0 0 1 1 0 0 0 0 X 31 31 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 THEODORE HOWIE JR DIRECTOR 1.00 X 0 0 0 JAMES F HIGHTOWER DIRECTOR 1.00 X 0 0 0 AMY L HEYEL DIRECTOR 1.00 X 0 0 0 FLEETWOOD S HASSELL DIRECTOR 1.00 X 0 0 0 LISA BURBAGE DIRECTOR 1.00 X 0 0 0 JOHN CARTER JR DIRECTOR 1.00 X 0 0 0 ARTHUR J HEATH SECRETARY 1.00 X X 0 0 0 STEPHEN R KERRIGAN TREASURER 1.00 X X 0 0 0 SHARON B KINGMAN DIRECTOR 1.00 X 0 0 0 PEGGY BOYKIN DIRECTOR 1.00 X 0 0 0 WILLIAM GLEN BROWN JR DIRECTOR 1.00 X 0 0 0 MARCO L E CAVAZZONI DIRECTOR 1.00 X 0 0 0 SCOTT A CRACRAFT DIRECTOR 1.00 X 0 0 0 DIANNE M CULHANE DIRECTOR 1.00 X 0 0 0 DR NEIL W DRAISIN DIRECTOR 1.00 X 0 0 0 JEFFREY E KINARD VICE CHAIRMAN 1.00 X X 0 0 0 HILTON C SMITH JR CHAIRMAN 1.00 X X 0 0 0 REBA KINNE HUGE DIRECTOR 1.00 X 0 0 0 JEAN W JOHNSON DIRECTOR 1.00 X 0 0 0 BRADFORD MARSHALL DIRECTOR 1.00 X 0 0 0 STEVE SWANSON DIRECTOR 1.00 X 0 0 0 H CHAPMAN MCKAY DIRECTOR 1.00 X 0 0 0 JUSTIN R MCLAIN DIRECTOR 1.00 X 0 0 0 DR CHARLES S MOSTELLER DIRECTOR 1.00 X 0 0 0 D SHERWOOD MILER III DIRECTOR 1.00 X 0 0 0 DANIEL RAVENEL DIRECTOR 1.00 X 0 0 0 R KEITH SAULS DIRECTOR 1.00 X 0 0 0 DR SAM STAFFORD III DIRECTOR 1.00 X 0 0 0 CHLOE KNIGHT TONNEY DIRECTOR 1.00 X 0 0 0 W DIXON WOODWARD DIRECTOR 1.00 X 0 0 0 TOMI G YOUNGBLOOD DIRECTOR 1.00 X 0 0 0 CHRISTOPHER FRASER UNTIL MAY 2016 DIRECTOR 1.00 X 0 0 0 GEORGE P WATT JR EVP COFC/EXEC DIR OF FOUND 20.00 20.00 X 96807 201808 1131 DEBYE ALDERMAN DIRECTOR OF FINANCIAL SERV 20.00 20.00 X 10000 94383 890 GLENN MCCONNELL PRESIDENT OF COFC 20.00 20.00 X 112000 188000 0 ALAN SHAO DEAN, SCHOOL OF BUS. COFC 10.00 30.00 X 61800 249680 3022 GEORGE P BENSON FORMER PRESIDENT OF COFC, DIRECTOR OF DEVELOPMENT 20.00 20.00 X 176770 149154 14613 457377 883025 19656 2 1 1 0 ARAMARK 66 GEORGE STREET CHARLESTON SC 29424 CATERING SERVICES 305360 LASERPERFORMANCE LLC 200 HIGHPOINT AVENUE PORTSMOUTH RI 02871 WATERCRAFT 210330 BB&T FINANCIAL FSB 151 MEETING STREET CHARLESTON SC 29401 BANKING & FINANCIAL SERVICES 134365 3 78291 13457539 3129866 13535830 791080 791080 894999 0 894999 894999 894999 7954425 50400 7923796 23037 30629 27363 57992 57992 92382 78291 70436 21946 21946 149 -149 -149 OTHER REVENUE 900099 435734 435734 LICENSE TAG INCOME 900099 6800 6800 442534 15744232 0 0 2208402 5110282 5110282 287967 287967 218807 112000 58404 48403 1815189 947671 167591 699927 362016 188603 40223 133190 74335 38727 8259 27349 8013 7453 560 33945 5566 28379 571818 495376 46313 30129 77013 67473 4510 5030 1925533 1678780 68861 177892 38524 21461 17063 201927 5401 196526 458414 362732 17858 77824 716072 595565 15738 104769 304384 254360 43130 6894 18139 18139 STUDENT DEVELOPMENT 26703 26703 PROFESSIONAL DEVELOPMEN 19654 7413 12241 RECRUITMENT 12618 10826 1433 359 UBI TAX 908 908 12282261 10182466 729786 1370009 874136 205419 197530 8120825 9026325 68632 61858 27701 26767 126058 181540 10186809 3727269 6153817 6459540 17278242 18220822 63861264 63215975 7693400 8743162 386867 267917 104788472 106409325 127955 94498 1289251 1170981 170175 119682 816304 927602 2403685 2312763 X 9762235 8988274 55371087 54357479 37251465 40750809 102384787 104096562 104788472 106409325 X 3461971 -2031035 280839 X X 0 1 X 1 0 X 10798661 13638385 10051722 10998272 13535830 59022870 10798661 13638385 10051722 10998272 13535830 59022870 3109051 55913819 2935407 2933022 6226831 2011285 1686079 15792624 648464 284895 241113 292214 442534 1909220 76724714 15954 0.72880 0.72550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8743162 X X X 0 55207742 3044325 -79057 2264775 55908235 54697754 1840136 1012339 2342487 55207742 66287689 3311743 7220441 3552899 73266974 60043987 1450147 7205832 2412277 66287689 56176452 5314300 824827 2271592 60043987 0.02490 0.72890 0.24620 0 0 3677104 3677104 2942306 2006246 936060 1048894 388781 660113 1807255 1013259 793996 711250 318983 392267 6459540 TIFF KEYSTONE FUND 63215975 F 63215975 COLLECTIONS OF ART AND HISTORICAL TREASURES 8743162 C 8743162 ANNUITIES PAYABLE 77570 LINE OF CREDIT 850032 927602 X 13975120 -2031035 233004 -1798031 15773151 -28919 -28919 15744232 12263345 70436 70436 12192909 -28919 118271 89352 12282261 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 450 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, 2016. FISCAL YEARS ON OR AFTER JUNE 30, 2013 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. CONTRIBUTIONS MADE TO THE FOUNDATION QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 509(A)(1) AND 170(B)(1)(A)(IV) OF THE INTERNAL REVENUE CODE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 130,152. FUNDRAISING EXPENSES INCLUDED IN REVENUE 70,436. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PROMISES TO GIVE 32,416. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES INCLUDED IN REVENUE 70,436. PART XII, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE OF MARINE GENOMICS ENDOWMENT 118,271. FORM 990, SCHEDULE D, PART V IN 2014, IT WAS DISCOVERED THAT THE TEMPORARILY RESTRICTED ENDOWMENT FUNDS WERE OVERSTATED AND INCLUDED CONTRIBUTION AMOUNTS THAT WERE DONOR DESIGNATED, BUT NOT DESIGNATED BY THE DONOR TO FUNCTION AS A PERMANENT OR TEMPORARILY RESTRICTED ENDOWMENT. DUE TO THE FACT THAT THE TOTAL AMOUNT WITHIN TEMPORARILY RESTRICTED NET ASSETS WILL NOT CHANGE, THE RECLASSIFICATION OF FUNDS IS NOT CONSIDERED A RESTATEMENT. 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, SO THAT IT MAY BENEFIT MANY GENERATIONS TO COME. 50750 1 0 0 0 1 0 50750 0 50750 0 0 0 0 0 0 SOTA GALA 134888 63478 71410 58653 REACH PROGRAM GALA 35785 14813 20972 11783 170673 78291 92382 70436 70436 21946 1 COLLEGE OF CHARLESTON 66 GEORGE ST CHARLESTON SC 29424 576000265 IRC 115 4458560 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 125000 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, 2015 - JUNE 30, 2016 THE FOUNDATION PAID THE ALUMNI ASSOCIATION $125,000 IN ACCORDANCE WITH THE MOU. COLLEGE OF CHARLESTON COUGAR CLUB 307 MEETING ST CHARLESTON SC 29401 570640443 501C3 221157 COLLEGE OF CHARLESTON COUGAR CLUB: OPERATIONAL SUPPORT 3 ACADEMIC & ACHIEVEMENT AWARDS 356 287967 PART I, LINE 2: GRANTS TO ORGANIZATIONS: THROUGH ITS REPRESENTATIVES ON THE ALUMNI BOARD AND THE COUGAR CLUB BOARD, THE FOUNDATION IS ABLE TO MONITOR FINANCIAL AND PROGRAM ACTIVITY FOR EACH OF THESE RESPECTIVE ORGANIZATIONS. WITH REGARD TO THE COLLEGE OF CHARLESTON, THE FOUNDATION WAS ESTABLISHED TO PROMOTE PROGRAMS OF EDUCATION, RESEARCH, STUDENT DEVELOPMENT, AND FACULTY DEVELOPMENT FOR THE EXCLUSIVE BENEFIT OF THE COLLEGE OF CHARLESTON. IN ADDITION, THE FOUNDATION AND THE COLLEGE OF CHARLESTON HAVE EXECUTED A MEMORANDUM OF AGREEMENT TO GUIDE EXPECTATIONS BETWEEN THE TWO ORGANIZATIONS. GRANTS/ASSISTANCE TO INDIVIDUALS: ACADEMIC & ACHEIVEMENT AWARDS ARE DISTRIBUTED BASED ON SPECIFIC CRITERIA ESTABLISHED IN DONOR GIFT AGREEMENTS AS WELL AS BY ACADEMIC UNITS AT THE COLLEGE OF CHARLESTON. THE ACADEMIC UNITS ARE RESPONSIBLE FOR SELECTING RECIPIENTS BASED ON ESTABLISHED CRITERIA. X X X X X 0 1 0 0 0 0 0 0 0 GEORGE P WATT JR EVP COFC/EXEC DIR OF FOUND 90000 201808 0 0 6807 0 0 0 0 1131 96807 202939 0 0 GLENN MCCONNELL PRESIDENT OF COFC 112000 188000 0 0 0 0 0 0 0 0 112000 188000 0 0 ALAN SHAO DEAN, SCHOOL OF BUS. COFC 61800 249661 0 0 0 19 0 0 0 3022 61800 252702 0 0 GEORGE P BENSON FORMER PRESIDENT OF COFC, DIRECTOR O 141667 142448 0 0 35103 6706 0 0 0 14613 176770 163767 35103 0 PART I, LINE 4B THE COLLEGE OF CHARLESTON (THE INSTITUTION) OFFERS A 457(F) NON-QUALIFIED RETIREMENT PLAN TO ITS EXECUTIVE EMPLOYEES AS DESIGNATED BY ITS BOARD OF TRUSTEES FROM TIME TO TIME. THE PLAN IS OWNED BY THE COLLEGE OF CHARLESTON AND THE COLLEGE OF CHARLESTON FOUNDATION FUNDS THE PLAN FOR CERTAIN EXECUTIVES. THE TERMS OF THE RETIREMENT PLAN INCLUDE THE FOLLOWING: THE INSTITUTION SHALL NOT PAY THE AMOUNT OF THE PARTICIPANT'S DEFERRED SALARY ACCOUNT TO THE PARTICIPANT OR THE PARTICIPANT'S DESIGNATED BENEFICIARY UNTIL 60 DAYS AFTER THE EARLIEST OF (1) THE DATE RELATIVE TO CONTINUOUS FULL TIME EMPLOYMENT AS DESIGNATED IN THE AGREEMENT, (2) THE PARTICIPANT'S DEATH, (3) THE PARTICIPANT'S DISABILITY AS DEFINED IN IRC SECTION 409A(A)(2)(C), OR (4) THE PARTICIPANT'S INVOLUNTARY TERMINATION OF EMPLOYMENT FROM THE INSTITUTION FOR REASONS OTHER THAN JUST CAUSE. THE PARTICIPANT WILL HAVE NO RIGHTS IN THE DEFERRED SALARY ACCOUNT UNLESS HE OR SHE REMAINS EMPLOYED BY THE INSTITUTION UNTIL ATTAINMENT OF THE DATE RELATIVE TO CONTINUOUS FULL TIME EMPLOYMENT AS DESIGNATED IN THE AGREEMENT UNLESS TERMINATION OF EMPLOYMENT IS DUE TO THE PARTICIPANT'S DEATH OR TOTAL DISABILITY OR THE PARTICIPANT'S EMPLOYMENT IS INVOLUNTARILY TERMINATED FOR REASONS OTHER THAN JUST CAUSE. IF TERMINATION IS FOR ANY OTHER REASON, THEN NO PAYMENT SHALL BE DUE UNDER THE AGREEMENT. THE DEFERRED SALARY ACCOUNT SHALL BE PAID BY THE INSTITUTION TO THE PARTICIPANT OR DESIGNATED BENEFICIARY IN A LUMP SUM PAYMENT OF THE SINGLE SUM VALUE OF THE DEFERRED SALARY ACCOUNT. THE FOLLOWING INDIVIDUAL PARTICIPATED IN AND RECEIVED A PAYMENT FROM A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN IN 2015, AS FOLLOWS. P. GEORGE BENSON: PAYMENT RECEIVED OF $35,103 X 1 7095 APPRAISAL X 65 1714928 FAIR MARKET VALUE X 4 121913 APPRAISAL X 1 1875 FAIR MARKET VALUE X 1 973407 APPRAISAL X ARGUS SOFTWARE 1 1192500 FAIR MARKET VALUE X HORSES 4 75000 APPRAISAL X SAILS 1 29792 FAIR MARKET VALUE X PERSIAN RUG 1 12000 FAIR MARKET VALUE X TELESCOPE 1 11881 FAIR MARKET VALUE X PIANO 1 11500 FAIR MARKET VALUE X PHOTOGRAPHIC EQUIPMENT 1 655 FAIR MARKET VALUE 0 1 0 FORM 990, PART III, LINE 4A CONTINUED LIBRARIES: -GOOGLE PROVIDED A TRANSFORMATIONAL GIFT TO CREATE THE RACE AND SOCIAL JUSTICE INITIATIVE (RSJI) IN RESPONSE TO THE TRAGIC SHOOTING AT THE EMANUEL AME CHURCH. GOOGLE PARTNERED WITH THE AVERY RESEARCH CENTER FOR AFRICAN AMERICAN HISTORY AND CULTURE TO HOST A SERIES OF STANDING-ROOM-ONLY EVENTS WITH 800+ ATTENDEES TO EXAMINE RACE AND SOCIAL JUSTICE IN OUR COMMUNITIES. THE RSJI COMPRISED LECTURES, SYMPOSIUMS, EXHIBITS AND SCREENINGS TO FOSTER DIALOGUE THAT PROMOTES AWARENESS OF THE HISTORY AND ONGOING STRUGGLES OF RACIAL INJUSTICE IN CHARLESTON, SOUTH CAROLINA, AND THROUGHOUT THE UNITED STATES. THE SERIES FEATURED A COMMUNITY FORUM TITLED "TIES THAT BIND TWO HOLY CITIES: REFLECTIONS IN CHARLESTON BY SURVIVORS OF THE 1963 BIRMINGHAM CHURCH BOMBING, AND LECTURES BY MARIAN WRIGHT EDELMAN OF THE CHILDREN'S DEFENSE FUND, AND BRYAN STEVENSON OF THE EQUAL JUSTICE INITIATIVE. JOURNALIST AND AUTHOR TA-NEHISI COATES ALSO WILL BRING HIS TALK, "A DEEPER BLACK: RACE IN AMERICA" TO CAMPUS AS PART OF THE RSJI. -THE COLLEGE OF CHARLESTON LIBRARIES CELEBRATED THE LEGACY OF DAVID COHEN, DEAN EMERITUS, BY DEDICATING A CLASSROOM ON THE THIRD FLOOR OF THE MARLENE AND NATHAN ADDLESTONE LIBRARY. DURING COHEN'S TIME AS DEAN OF THE LIBRARIES FROM 1982 TO 2012, HE PROVIDED VISIONARY LEADERSHIP BY TRANSFORMING THE LIBRARY INTO A 21ST CENTURY RESOURCE FOR STUDENTS, FACULTY AND THE LARGER COMMUNITY. THE DAVID J. COHEN CLASSROOM WAS NAMED WITH GENEROUS CONTRIBUTIONS FROM FRIENDS AND SUPPORTERS OF MORE THAN $100,000 TO RENOVATE SPACE ON THE FIRST FLOOR OF ADDLESTONE LIBRARY TO BE CONVERTED INTO FLEXIBLE LEARNING TECHNOLOGY COMMONS. THIS INNOVATIVE CLASSROOM WILL BE USED FOR FACULTY PROFESSIONAL DEVELOPMENT AND STUDENT DIGITAL MEDIA INSTRUCTION. SCHOOL OF THE ARTS: -ONE OF THE MAIN PRIORITIES FOR THE HALSEY INSTITUTE OF CONTEMPORARY ART IS AN ENDOWMENT TO STRENGTHEN ITS PLATFORM THROUGH AN INTERNATIONAL ARTIST-IN-RESIDENCE PROGRAM;, PROVIDE TRAVEL SUBSIDIES FOR ECONOMICALLY OR GEOGRAPHICALLY DISADVANTAGED SCHOOLS TO EXPERIENCE THE HALSEY INSTITUTE; DOCUMENT ALL EXHIBITIONS VIA CATALOGUES, VIDEOS, BROCHURES AND AN ONLINE FEATURE FOR EACH INDIVIDUAL SHOW; AND ENSURE THAT HICA IS POSITIONED TO TAKE THE NEXT STEPS TOWARD NATIONAL PROMINENCE IN THE PRESENTATION OF CONTEMPORARY ART. DEBORAH CHALSTY ESTABLISHED AN ENDOWED FUND FOR HICA WITH A COMMITMENT OF $1 MILLION, AND WILL HAVE A GALLERY NAMED IN HER HONOR. -SEVEN COLLEGE OF CHARLESTON MUSIC AND VOCAL PERFORMANCE MAJORS WERE NOMINATED TO COMPETE IN THE NATIONAL STUDENT AUDITIONS COMPETITION OF THE NATIONAL ASSOCIATION OF TEACHERS OF SINGING (NATS). THESE COUGARS WERE AMONG THE 460 STUDENTS FROM THE MID-ATLANTIC REGION OF NATS WHO COMPETED AT THE REGIONAL STUDENT AUDITIONS. THE SEVEN WINNING STUDENTS FROM THE COLLEGE COMPETED IN THE NATS NATIONAL STUDENT AUDITIONS SEMI-FINALS AND THEN POSSIBLY AT THE NATIONAL STUDENT AUDITIONS COMPETITION IN CHICAGO DURING NATS'S NATIONAL CONVENTION IN JULY. BACHELOR OF PROFESSIONAL STUDIES/NORTH CAMPUS -THE CENTER FOR CONTINUING AND PROFESSIONAL EDUCATION HOSTED A TECH STARTUP BOOTCAMP. THIS PRACTICAL, HANDS-ON AND FAST-MOVING COURSE FOCUSED ON TOPICS SUCH AS PRODUCT MANAGEMENT, FUNDING, PITCHING YOUR PRODUCT, AND SALES AND MARKETING. TAUGHT BY TWO TECHNOLOGY EXECUTIVES WITH MANY YEARS OF MANAGEMENT AND STARTUP BUSINESS EXPERIENCE, PARTICIPANTS GAINED THE KNOWLEDGE AND CONFIDENCE TO PLAN, DEVELOP AND EXECUTE TECHNOLOGY BUSINESS IDEAS. SCHOOL OF LANGUAGES, CULTURES, AND WORLD AFFAIRS: -THE COLLEGE'S NEWEST FACILITY IS THE KOSHER VEGETARIAN/VEGAN DINING FACILITY, MARTY'S PLACE. THE DINING HALL IS NAMED AFTER MARTY PERLMUTTER, THE COLLEGE'S LONGTIME DIRECTOR OF JEWISH STUDIES. THE LEAD GIFT OF $500,000 FROM THE LATE NORMAN ARNOLD AND HIS WIFE GERRY SUE, AND OTHER ADMIRERS OF DR. PERLMUTTER SUPPORTED THE PRIVATE-PUBLIC PARTNERSHIP WITH THE COLLEGE TO MAKE THE FACILITY POSSIBLE. THE 5,000-SQUARE-FOOT RESTAURANT IS LOCATED ON THE GROUND FLOOR OF THE EXPANDED SYLVIA VLOSKY YASCHIK JEWISH STUDIES CENTER ON WENTWORTH STREET. MARTY'S PLACE OBSERVES KOSHER DIETARY LAWS AND SERVES VEGAN AND VEGETARIAN DISHES - MAKING IT THE PERFECT CHOICE NOT JUST FOR THE JEWISH COMMUNITY, BUT FOR ANYONE LOOKING FOR A NON-MEAT -BASED MEAL. THE COLLEGE CELEBRATED THE FACILITY'S GRAND OPENING IN JANUARY 2016. -ANITA ZUCKER AND HER FAMILY INCREASED THEIR COMMITMENT BY $750,000 TO THE ZUCKER/GOLDBERG HOLOCAUST STUDIES PROGRAM, WHICH INCLUDES AN ENDOWED CHAIR IN HOLOCAUST STUDIES AND AN EDUCATIONAL FUND TO SUPPORT THE PROGRAM'S OPERATIONS AND INITIATIVES. THE CHAIR HAS THE DISTINCTION OF BEING THE ONLY ENDOWED ACADEMIC POSITION CREATED DURING THE BOUNDLESS CAMPAIGN. CURRENTLY HELD BY DR. TED ROSENGARTEN, THE CHAIR DIRECTS THE ACTIVITIES RELATED TO THE HOLOCAUST STUDIES PROGRAM AND ALSO LEADS EDUCATIONAL STUDY ABROAD TRIPS TO EASTERN EUROPE, OFTEN TIMES FOR STUDENT WHO HAVE NEVER BEEN OVERSEAS. ATHLETICS: -SUSI BEATTY CREATED THE SUSI BEATTY BIG CAT SCHOLARSHIP FOR STUDENT-ATHLETES WITH A COMMITMENT OF $100,000 IN 2016 FOR STUDENTS WHO PLAY MEN'S BASKETBALL, WOMEN'S BASKETBALL OR SOFTBALL. -US SAILING HAS COMMENDED THE NATIONALLY-RECOGNIZED COLLEGE OF CHARLESTON SAILING PROGRAM FOR ITS EFFORT AND WORK WITH YOUTH. THE COUGARS HELD A STEM CAMP WITH STUDENTS FROM CREEKSIDE MIDDLE SCHOOL IN MARION COUNTY, S.C.. IN CONJUNCTION WITH BENETEAU USA, THE LARGEST SAILBOAT MANUFACTURER IN THE WORLD, AS WELL AS THE COLLEGE'S SCHOOL OF SCIENCES AND MATHEMATICS, THE GROUP OF 8 TO 14 YEAR OLDS FROM CREEKSIDE MIDDLE LEARNED ABOUT BUOYANCY AND DISPLACEMENT. THE STUDENTS ALSO DESIGNED AND SAILED SAILBOATS AT THE J. STEWART WALKER SAILING COMPLEX IN MT. PLEASANT, THE HOME FACILITY FOR THE COLLEGE'S SAILING PROGRAM. -COLLEGE OF CHARLESTON JUNIOR WILLIAM RAINEY TURNED IN ONE OF THE TOP INDIVIDUAL SINGLE-SEASON PERFORMANCES IN SCHOOL HISTORY AFTER CLOSING OUT PLAY AT THE 2016 NCAA DIVISION I MEN'S GOLF CHAMPIONSHIPS. HE TIED FOR 51ST WITH ROUNDS OF 72, 68, 71 AND A FINAL-ROUND 80 TO FINISH AT +11 FOR THE TOURNAMENT. RAINEY WAS ONE OF 48 TOP-100 RANKED PLAYERS WHO MADE THE CUT TO PLAY IN THE 84-PLAYER INDIVIDUAL CHAMPIONSHIP FIELD. HE WAS ALSO ONE OF ONLY TWO PLAYERS WHO ADVANCED TO NATIONALS AS THE LOW INDIVIDUAL AT EACH OF THE SIX NCAA REGIONAL SITES, TO MOVE ON TO THE FINAL DAY OF TOURNAMENT PLAY CONSISTING OF THE NATION'S TOP GOLFERS FROM THE SEC, PAC-12, BIG 12 AND BIG TEN. INTERDISCIPLINARY PROGRAMS: -THE COLLEGE OF CHARLESTON HOSTED TWO CAMPS THAT FOCUSED ON INSPIRING INTEREST IN SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATHEMATICS (STEAM) FIELDS AMONG YOUNG STUDENTS. THE FIRST, CAMP ART ATTACK INVOLVED CREATIVE STORYTELLING, ENGINEERING AND DESIGN, VISUAL ARTS, SCRIPT WRITING, THEATRE AND DANCE. THE CAMP EMPHASIZED A PRINCIPLE CALLED "ART INFUSION" IN THE HOPES THAT THE RISING KINDERGARTEN-THROUGH-FIFTH-GRADE STUDENTS WOULD BE ABLE TO BETTER INCORPORATE THE ARTS INTO THEIR CLASSROOM LEARNING EXPERIENCES. THE SECOND CAMP, A TWO-DAY INTENSIVE WORKSHOP CALLED GEEK SQUAD ACADEMY, CONNECTED GEEK SQUAD PROFESSIONALS WITH GIRLS AGE 10 TO 17 TO LEARN ABOUT TECHNOLOGY. -BEN JOYE NAMED THE COLLEGE THE SOLE BENEFICIARY IN HIS ESTATE PLANS. AN ACCOUNTANT BY TRADE, JOYE WAS VERY INTENTIONAL IN HIS PLANS TO SUPPORT THE COLLEGE'S HIGHEST NEEDS AND SCHOLARSHIPS. THEREFORE, UPON HIS DEATH IN 2015, THE COLLEGE BEGAN RECEIVING DISTRIBUTIONS TO SUPPORT THE COLLEGE OF CHARLESTON FUND AND THE COLLEGE'S GENERAL SCHOLARSHIP FUND. -ARTHUR AND WANDA HAISTEN BEGAN SUPPORTING THE COLLEGE IN THE 1980S WITH ANNUAL GIFTS TO THE COLLEGE OF CHARLESTON FUND, ATHLETICS AND THE CLASS OF 1943 GOLDEN ANNIVERSARY SCHOLARSHIP. ARTHUR DIED IN 2012, AND WANDA DIED IN 2013. THEIR ESTATE DISTRIBUTED $280,000 TO THE COLLEGE TO BE SPLIT BETWEEN THE CHEMISTRY DEPARTMENT FUND AND THE COUGAR CLUB. -SINCE 1987, THE LETTIE PATE WHITEHEAD FOUNDATION SCHOLARSHIP HAS SUPPORTED DESERVING YOUNG WOMEN AT THE COLLEGE. WITH AN INITIAL GIFT OF $5,000 THE LETTIE PATE WHITEHEAD FOUNDATION HAS STEADILY INCREASED THEIR SUPPORT WITH THE MOST RECENT GENEROUS DONATION OF $149,000. THEIR SUPPORT ENSURES THAT ALMOST 50 FEMALE SCHOLARS RECEIVE VITAL FINANCIAL SUPPORT FOR THEIR ACADEMIC ENDEAVORS. -THE COLLEGE OF CHARLESTON COLLEGIATE RECOVERY PROGRAM (CRP) OFFERS A DIRECTOR-LED, STUDENT-ORGANIZED, SUPPORT-BASED PROGRAM FOR COFC STUDENTS IN RECOVERY FROM DRUG AND/OR ALCOHOL ADDICTION. THE CRP WAS INITIATED WITH THE GENEROUS SUPPORT FROM PRIVATE DONORS, AMOUNTING TO NEARLY $267,000. THE EARLY LEADERSHIP DONORS PROVIDED A STRONG SUPPORT BASIS FROM WHICH FUNDRAISING EFFORTS CONTINUE. THE CRP IS THE FIRST ACTIVE PROGRAM OF ITS KIND IN SOUTH CAROLINA AND WILL CONNECT STUDENTS WITH NEEDED RESOURCES ON CAMPUS AND IN THE COMMUNITY, AS WELL AS PROVIDE SUPPORT AND ACTIVITIES FOR STUDENT PARTICIPANTS TO BE SUCCESSFUL IN THE COLLEGE OF CHARLESTON ENVIRONMENT. IT WILL DO THIS BY CONNECTING STUDENTS TO OTHER RECOVERING STUDENTS; FACILITATING RECOVERY SUPPORT AND ACCOU FORM 990, PART VI, SECTION B, LINE 11 THE RETURN WAS PREPARED BY AN INDEPENDENT ACCOUNTANT WITH ASSISTANCE AND OVERSIGHT BY MANAGEMENT. THE FULL BOARD WAS PROVIDED A LINK TO ACCESS THE COMPLETE FORM 990, ONLINE, PRIOR TO THE PRESENTATION TO THE MEMBERS OF THE AUDIT COMMITTEE. THE 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 130,152. CHANGE IN ALLOWANCE OF UNCOLLECTIBLE PROMISES TO GIVE 32,416. CHANGE IN VALUE OF MARINE GENOMICS ENDOWMENT 118,271. 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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