SOUTH CAROLINA STATE UNIVERSITY FOUNDATION INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
SOUTH CAROLINA STATE UNIVERSITY FOUNDATION INC (EIN 23-7113930)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-10-29
IRS object ID
202533029349300218
Schema version
2024v5.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2025-10-29T09:12:32-04:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN204917696PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1THE CLEVELAND GROUPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13740 EXECUTIVE CENTER DR STE 200AddressLine1Txt
CityMARTINEZCityNm
State AbbreviationGAStateAbbreviationCd
ZIP309072360ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237113930EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SOUTH CAROLINA STATE UNIVERSITYBusinessNameLine1Txt
Business Name Line2FOUNDATION INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlSOUTBusinessNameControlTxt
Phone8035164722PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 7187AddressLine1Txt
CityORANGEBURGCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29117ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSTEPHEN V BEATTYPersonNm
Person TitleCHAIRMANPersonTitleTxt
Phone8035164722PhoneNum
Signature2025-10-29SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMALINDA JOHNSTONPreparerPersonNm
PTINP01057684PTIN
Phone7062882800PhoneNum
Preparation2025-10-29PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSTEPHEN V BEATTYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1119 LEIGHNS GROVE COURTAddressLine1Txt
CityGRAYSONCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30017ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$9,584,700GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.SCSU.EDU/GIVEWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1971FormationYr
Legal Domicile StateSCLegalDomicileStateCd
Activity Or MissionTO FOSTER AND PROMOTE THE GROWTH OF SOUTH CAROLINA STATE UNIVERSITY BY RECEIVING, INVESTING, AND EXPENDING FUNDS FOR THE EXCLUSIVE BENEFIT OF THE UNIVERSITY.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee5TotalEmployeeCnt
Total Volunteers9TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$4,821,538PYContributionsGrantsAmt
CY Contributions Grants$6,703,616CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$353,242PYInvestmentIncomeAmt
CY Investment Income$1,991,486CYInvestmentIncomeAmt
PY Other Revenue-$223,447PYOtherRevenueAmt
CY Other Revenue-$356,085CYOtherRevenueAmt
PY Total Revenue$4,951,333PYTotalRevenueAmt
CY Total Revenue$8,339,017CYTotalRevenueAmt
PY Grants And Similar Paid$1,135,972PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$842,272CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$342,125PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$314,903CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$699,164CYTotalFundraisingExpenseAmt
PY Other Expenses$2,312,750PYOtherExpensesAmt
CY Other Expenses$3,201,444CYOtherExpensesAmt
PY Total Expenses$3,790,847PYTotalExpensesAmt
CY Total Expenses$4,358,619CYTotalExpensesAmt
PY Revenues Less Expenses$1,160,486PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$3,980,398CYRevenuesLessExpensesAmt
Total Assets BOY$18,886,257TotalAssetsBOYAmt
Total Assets EOY$22,712,380TotalAssetsEOYAmt
Total Liabilities BOY$234,920TotalLiabilitiesBOYAmt
Total Liabilities EOY$464,530TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$18,651,337NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$22,247,850NetAssetsOrFundBalancesEOYAmt
MissionTO FOSTER AND PROMOTE THE GROWTH OF SOUTH CAROLINA STATE UNIVERSITY BY RECEIVING, INVESTING, AND EXPENDING FUNDS FOR THE EXCLUSIVE BENEFIT OF THE UNIVERSITY.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$2,810,116ExpenseAmt
Grant$842,272GrantAmt
DescRECEIVE, INVEST, AND EXPEND FUNDS FOR THE EXCLUSIVE BENEFIT OF THE UNIVERSITY. DURING THE CURRENT YEAR, THE FOUNDATION MADE GRANTS TO THE UNIVERSITY SO THAT THE UNIVERSITY WAS ABLE TO PROVIDE SCHOLARSHIPS TO STUDENTS.Desc
Total Program Service Expenses$2,810,116TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtYes (true)CollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document99IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee5EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnfalseAnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonNECY GLOVERPersonNm
Phone8035164722PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 7187AddressLine1Txt
CityORANGEBURGCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29117ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
DONALD W BEATTY
BOARD MEMBER2.00Yes (X)Yes (X)$0$0$0
STEPHEN V BEATTY
CHAIRMAN2.00Yes (X)Yes (X)$0$0$0
VERNELL T BROWN
TREASURER2.00Yes (X)Yes (X)$0$0$0
COL RET ALEXANDER CONYERS
EX-OFFICIO D2.00Yes (X)$0$0$0
DAMIAN DUNCAN
BOARD MEMBER2.00Yes (X)Yes (X)$0$0$0
STACY STEWARD ESQ
BOARD MEMBER2.00Yes (X)Yes (X)$0$0$0
MYESHIA FILS-AIME
BOARD MEMBER2.00Yes (X)$0$0$0
DOUGLAS D GANTT
EX-OFFICIO D2.00Yes (X)$0$0$0
JASMINE GURLEY
BOARD MEMBER2.00Yes (X)Yes (X)$0$0$0
ETHELL VEREEN JR
SECRETARY2.00Yes (X)Yes (X)$0$0$0
KENDARA SPEED-SELLERS
BAORD MEMBER2.00Yes (X)Yes (X)$0$0$0
ZARIA CAMILLE TUCKER
EX-OFFICIO D2.00Yes (X)$0$0$0
EDWARD D WILLIAMS
EX-OFFICIO D2.00Yes (X)$0$0$0
YOLANDA WILLIAMS
EX-OFFICIO D2.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NELSON MULLINS RILEY & SCARBOROUGHBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 11009AddressLine1Txt
CityCOLUMBIACityNm
State AbbreviationSCStateAbbreviationCd
ZIP29211ZIPCd
FieldValueIRS element (for citing)
ServicesLEGALServicesDesc
Compensation$163,868CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Fundraising$648,008FundraisingAmt
All Other Contributions$6,055,608AllOtherContributionsAmt
Total Contributions$6,703,616TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$575,808TotalRevenueColumnAmt
Related Or Exempt Func Income$575,808RelatedOrExemptFuncIncomeAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Personal$57,535PersonalAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Personal$57,535PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$57,535TotalRevenueColumnAmt
Related Or Exempt Func Income$57,535RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$2,247,741SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$832,063SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$1,415,678SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,415,678TotalRevenueColumnAmt
Related Or Exempt Func Income$1,415,678RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Contri Rpt Fundraising Event$648,008ContriRptFundraisingEventAmt
Fundraising Direct Expenses$413,620FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$413,620TotalRevenueColumnAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,339,017TotalRevenueColumnAmt
Related Or Exempt Func Income$2,049,021RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$842,272TotalAmt
Program Services$842,272ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$245,698TotalAmt
Program Services$29,484ProgramServicesAmt
Management And General$216,214ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$2,600TotalAmt
Management And General$2,600ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$47,611TotalAmt
Program Services$20,000ProgramServicesAmt
Management And General$27,611ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$18,994TotalAmt
Program Services$2,279ProgramServicesAmt
Management And General$16,715ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$140,352TotalAmt
Program Services$20,136ProgramServicesAmt
Management And General$120,216ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$24,137TotalAmt
Management And General$24,137ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$33,883TotalAmt
Management And General$33,883ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$94,122TotalAmt
Program Services$2,321ProgramServicesAmt
Management And General$80,851ManagementAndGeneralAmt
Fundraising$10,950FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$103,767TotalAmt
Management And General$24,767ManagementAndGeneralAmt
Fundraising$79,000FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$213,793TotalAmt
Program Services$135,279ProgramServicesAmt
Management And General$6,515ManagementAndGeneralAmt
Fundraising$71,999FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$61,128TotalAmt
Program Services$16,030ProgramServicesAmt
Management And General$10,644ManagementAndGeneralAmt
Fundraising$34,454FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$39,642TotalAmt
Program Services$35,988ProgramServicesAmt
Management And General$2,826ManagementAndGeneralAmt
Fundraising$828FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$240,785TotalAmt
Program Services$163,964ProgramServicesAmt
Management And General$23,383ManagementAndGeneralAmt
Fundraising$53,438FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$16,056TotalAmt
Program Services$1,409ProgramServicesAmt
Management And General$14,647ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
CONTRACT LABOR$910,832$670,622$110,371$129,839
CATERING$301,361$181,540$10,268$109,553
GEAR & UNIFORMS$112,673$112,673
ENTERTAINMENT$80,425$26,095$8,800$45,530

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$828,488TotalAmt
Program Services$550,024ProgramServicesAmt
Management And General$114,891ManagementAndGeneralAmt
Fundraising$163,573FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$4,358,619TotalAmt
Program Services$2,810,116ProgramServicesAmt
Management And General$849,339ManagementAndGeneralAmt
Fundraising$699,164FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$656,423BOYAmt
EOY$1,795,932EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$4,044,333BOYAmt
EOY$4,277,530EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$283,898BOYAmt
EOY$1,371,310EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$146,900LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$123,200LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$23,700BOYAmt
EOY$23,700EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$13,338,494BOYAmt
EOY$14,704,499EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$539,409BOYAmt
EOY$539,409EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$18,886,257BOYAmt
EOY$22,712,380EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$234,920BOYAmt
EOY$464,530EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$234,920BOYAmt
EOY$464,530EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,945,881BOYAmt
EOY$2,276,053EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$16,705,456BOYAmt
EOY$19,971,797EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$18,651,337BOYAmt
EOY$22,247,850EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$18,886,257BOYAmt
EOY$22,712,380EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$3,980,398ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$383,885NetUnrlzdGainsLossesInvstAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,923,978CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,039,987CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,856,507CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,795,673CurrentTaxYearMinus1YearAmt
Current Tax Year$6,703,616CurrentTaxYearAmt
Total$22,319,761TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,923,978CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,039,987CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,856,507CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,795,673CurrentTaxYearMinus1YearAmt
Current Tax Year$6,703,616CurrentTaxYearAmt
Total$22,319,761TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$22,319,761PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$220,754CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$260,907CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$347,384CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$324,930CurrentTaxYearMinus1YearAmt
Current Tax Year$633,343CurrentTaxYearAmt
Total$1,787,318TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$570,886CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$17,713CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$14,248CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$115,419CurrentTaxYearMinus1YearAmt
Total$718,266TotalAmt
FieldValueIRS element (for citing)
Total Support$24,825,345TotalSupportAmt
Gross Receipts Rltd Activities$633,343GrossReceiptsRltdActivitiesAmt
Public Support CY1700.89910PublicSupportCY170Pct
Public Support PY1700.89860PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART II, LINE 10FormAndLineReferenceDesc
Explanation718,266ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Solicited Assets SalefalseSolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$8,185,746BeginningYearBalanceAmt
Contributions$555,380ContributionsAmt
Investment Earnings Or Losses$2,274,322InvestmentEarningsOrLossesAmt
Grants Or Scholarships$7,750GrantsOrScholarshipsAmt
Administrative Expenses$111,842AdministrativeExpensesAmt
End Year Balance$10,869,719EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$6,953,796BeginningYearBalanceAmt
Contributions$347,748ContributionsAmt
Investment Earnings Or Losses$1,005,343InvestmentEarningsOrLossesAmt
Grants Or Scholarships$28,354GrantsOrScholarshipsAmt
Other Expenditures$43,294OtherExpendituresAmt
Administrative Expenses$49,673AdministrativeExpensesAmt
End Year Balance$8,185,746EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$9,092,148BeginningYearBalanceAmt
Contributions$687,774ContributionsAmt
Investment Earnings Or Losses-$2,779,923InvestmentEarningsOrLossesAmt
Grants Or Scholarships$35,368GrantsOrScholarshipsAmt
Other Expenditures$155,856OtherExpendituresAmt
Administrative Expenses$71,799AdministrativeExpensesAmt
End Year Balance$6,736,976EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$7,907,830BeginningYearBalanceAmt
Contributions$365,038ContributionsAmt
Investment Earnings Or Losses$979,130InvestmentEarningsOrLossesAmt
Grants Or Scholarships$50,378GrantsOrScholarshipsAmt
Other Expenditures$85,687OtherExpendituresAmt
Administrative Expenses$23,785AdministrativeExpensesAmt
End Year Balance$9,092,148EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$6,809,126BeginningYearBalanceAmt
Contributions$168,582ContributionsAmt
Investment Earnings Or Losses$1,248,203InvestmentEarningsOrLossesAmt
Grants Or Scholarships$75,561GrantsOrScholarshipsAmt
Other Expenditures$195,404OtherExpendituresAmt
Administrative Expenses$47,116AdministrativeExpensesAmt
End Year Balance$7,907,830EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY1.00000PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$23,700OtherCostOrOtherBasisAmt
Book Value$23,700BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$123,200OtherCostOrOtherBasisAmt
Depreciation$123,200DepreciationAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$23,700TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$8,722,902TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$383,885NetUnrealizedGainsInvstAmt
Revenue Not Reported$383,885RevenueNotReportedAmt
Revenue Subtotal$8,339,017RevenueSubtotalAmt
Total Revenue Per Form990$8,339,017TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$4,358,619TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$4,358,619ExpensesSubtotalAmt
Total Expenses Per Form990$4,358,619TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE D, PAGE 3, PART XFormAndLineReferenceDesc
ExplanationTHE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE IRC. HOWEVER, ANY INCOME FROM ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATIONS TAX-EXEMPT PURPOSE WOULD BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A). TAX EXEMPT STATUS ARISES FROM THE FACT THAT THE FOUNDATIONS SOLE REASON FOR EXISTENCE IS AS A SUPPORT ORGANIZATION FOR THE UNIVERSITY.ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GALA EVENTEvent1Nm
Gross Receipts Event1$648,008GrossReceiptsEvent1Amt
Charitable Contri Event1$648,008CharitableContriEvent1Amt
Non Cash Prizes Event1$1,070NonCashPrizesEvent1Amt
Rent Facility Costs Event1$19,420RentFacilityCostsEvent1Amt
Food And Beverage Event1$95,074FoodAndBeverageEvent1Amt
Entertainment Event1$12,750EntertainmentEvent1Amt
Other Direct Expenses Event1$285,306OtherDirectExpensesEvent1Amt
Gross Receipts Total$648,008GrossReceiptsTotalAmt
Charitable Contributions Tot$648,008CharitableContributionsTotAmt
Non Cash Prizes Total Events$1,070NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events$19,420RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$95,074FoodAndBeverageTotalEventsAmt
Entertainment Total Events$12,750EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$285,306OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$413,620DirectExpenseSummaryEventsAmt
Net Income Summary-$413,620NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedfalseGrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIP AWARDSGrantTypeTxt
Cash Grant$842,272CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE I, PAGE 1, PART I, LINE 2FormAndLineReferenceDesc
ExplanationSCHOLARSHIP ASSISTANCE ELIGIBILITY AND ACADEMIC REQUIREMENTS ARE MONITORED IN CONJUNCTION WITH SOUTH CAROLINA STATE UNIVERSITY AS STIPULATED BY THE DONOR'S CRITERIA.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 11BA COPY OF THE FORM 990 REVIEWED BY THE BOARD AT THE BOARD MEETING PRIOR TO FILING.
FORM 990, PAGE 6, PART VI, LINE 12CTHE FOUNDATION HAS A CONFLICT OF INTEREST POLICY THAT IS MONITORED BY THE MEMBERSHIP COMMITTEE. IN SITUATIONS WHERE A POTENTIAL CONFLICT MAY EXIST DURING THE YEAR, THE BOARD MEMBER RECUSES HIMSELF/HERSLEF FROM THE DISCUSSIONS AND VOTE.
FORM 990, PAGE 6, PART VI, LINE 15ATHE FOUNDATION ADHERES TO THE UNIVERSITY'S POLICIES AND GUIDELINES WHICH ARE ESTABLISHED BY THE STATE OF SOUTH CAROLINA.
FORM 990, PAGE 6, PART VI, LINE 19THE FOUNDATION RETAINS THE GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS, AND THE FORM 990 AT THE FOUNDATION'S OFFICE. THE DOCUMENTS ARE AVAILABLE AND PROVIDED TO THE PUBLIC UPON REQUEST.
FORM 990, PART IX, LINE 24ECONSULTING 8,833 23,412 40,511 EVENT EXPENSE 63,785 29 2,819 BAD DEBTS 64,896 0 0 MERCHANT FEES 61,764 1,660 1,126 EQUIPMENT 50,538 2,176 6,913 HOSPITALITY 21,359 3,538 29,596 PROMOTIONAL ITEMS 43,978 1,535 2,806 AUTO EXPENSE 2,498 43,864 1,793 AWARDS 26,550 62 18,859 VENUE RENTAL 28,911 2,600 6,574 MEALS 10,944 9,310 10,507 ATHLETIC TEAM EXPENSE 28,753 0 0 DUES & MEMBERSHIP FEES 6,638 1,712 19,205 PHOTOGRAPHY 24,772 0 704 PARAPHERNALIA 23,797 0 1,110 REFUND 11,200 1,000 12,168 SPONSORSHIP 8,205 8,500 6,225 MOVING EXPENSE 18,343 0 0 VIDEO PRODUCTION 17,620 0 0 REGISTRATION FEE 8,875 5,490 0 REGULAR GAME TICKETS 6,483 2,085 2,657 EDUCATIONAL & TRAINING 9,400 0 0 STORAGE FEE 0 4,020 0 MISCELLANEOUS 1,882 0 0 REPAIRS 0 1,594 0 SCHOLARSHIP 0 1,565 0 FUNDRAISING 0 739 0 TOTAL 550,024 114,891 163,573

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