2013-05-13T15:39:40-05:00 2012-06-30 560574444 CHERRY BEKAERT LLP 201 WEST MCBEE AVENURE SUITE 200 GREENVILLE SC 29601 990 2011-07-01 570426335 CLEMSON UNIVERSITY FOUNDATION CLEM 8646561289 PO BOX 1889 CLEMSON SC 296331889 MICHAEL SULHAN 8646561289 2013-05-08 1 SARAH P MCGREGOR P00365746 8642333981 2011 2016-02-24 21:20:13Z MICHAEL SULHAN PO BOX 1889 CLEMSON SC 296331889 105654466 0 X WWW.CLEMSON.EDU/GIVING/CUFOUNDATIONS X 1933 SC THE FOUNDATION IS ORGANIZED TO PROMOTE THE WELFARE AND FUTURE DEVELOPMENT OF CLEMSON UNIVERSITY. 43 43 2 145 59830 -339761 22542450 36147090 2216873 2376845 15351163 9846296 633039 854518 40743525 49224749 12611688 14269175 0 0 960817 1449729 189640 254643 2812156 11012307 11543394 24774452 27516941 15969073 21707808 518622697 532064140 147052412 144895663 371570285 387168477 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 FUND-RAISING 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 22967745 14269175 2388029 ENDOWED PROGRAMS: DONORS CONTRIBUTE GIFTS TO FUND ENDOWMENTS WHICH PROVIDE AN EARNINGS STREAM FOR SCHOLARSHIPS, PROFESSORSHIPS AND PROGRAM SUPPORT PER THE DONOR DIRECTIVES.RESTRICTED PROGRAM SUPPORT: DONORS PROVIDE GIFTS TO SUPPORT DEPARTMENTS AND PROGRAMS WITHIN CLEMSON UNIVERSITYCAPITAL PROJECTS: THE FOUNDATION RAISES FUNDS TO CONSTRUCT UNIVERSITY BUILDINGS, LABS AND OUTDOOR SPACES ON CAMPUS 22967745 1 1 0 1 0 1 1 0 1 1 1 1 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 X 128 0 2 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 43 43 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X X CHERYL DEAN ASSOC COMPTROLLER 8646563630 ADMIN SERVICES BLDG 108 PERIMETER CLEMSON SC 296345306 SUSIE CANNON ADAMS 1.00 X 0 0 0 JAMES W ADDISON 1.00 X 0 0 0 KENDALL K ALLEY 1.00 X 0 0 0 JAMES H BARNES 1.00 X 0 0 0 GEORGE E BIEDIGER 1.00 X 0 0 0 CHARLES EDWARD DALTON 1.00 X 0 0 0 EDITH BOSTIC 1.00 X 0 0 0 ERNEST M BRIEL 1.00 X 0 0 0 GEORGE J BULLWINKEL JR 1.00 X 0 0 0 LORI ANNE CARR 1.00 X 0 0 0 W STEPHEN CAWOOD 1.00 X 0 0 0 THOMAS F CHAPMAN 1.00 X 0 0 0 J RICHARD COTTINGHAM 1.00 X 0 0 0 ROBERT B HAMBRIGHT 1.00 X 0 0 0 EDGAR J DUCKWORTH 1.00 X 0 0 0 W KELLY DURHAM 1.00 X 0 0 0 ROBERT GLENN HILLIARD 1.00 X 0 0 0 JERRY D HANDEGAN 1.00 X 0 0 0 THOMAS F HASH 1.00 X 0 0 0 JAMES R HENDRICKS JR 1.00 X 0 0 0 STEPHEN F HUTCHINSON 1.00 X 0 0 0 ANN H HUNTER 1.00 X 0 0 0 JAMES A KINMBELL III 1.00 X 0 0 0 PICKENS M LINDSAY 1.00 X 0 0 0 E SMYTH MCKISSICK III 1.00 X 0 0 0 SUZANNE E MORSE 1.00 X 0 0 0 E MITCHELL NORVILLE 1.00 X 0 0 0 BETTY J POE 1.00 X 0 0 0 EDDIE M ROBINSON 1.00 X 0 0 0 JAMES R SANDERS JR 1.00 X 0 0 0 CHERI PHYFER 1.00 X 0 0 0 G GRAHAM SEGARS JR 4.00 X 0 0 0 BARTOW S SHAW JR 1.00 X 0 0 0 JACK E SHAW 1.00 X 0 0 0 JANE S SOSEBEE 1.00 X 0 0 0 DANIEL C STANZIONE 1.00 X 0 0 0 CHARLES L SULLIVAN JR 1.00 X 0 0 0 MARSHA A WARD 1.00 X 0 0 0 CHARLES K WATT 1.00 X 0 0 0 DAVID W ROGERS 1.00 X 0 0 0 ROBERT N SHEPARD 1.00 X 0 0 0 KENNETH L SMITH 1.00 X 0 0 0 DONNA L GARRIS-RESIG AUG 2011 33.80 X 0 32512 4377 ALICE C EVATT 33.80 X 0 91506 19931 HARRISON F TRAMMELL 37.50 X 0 204540 24528 AMY GIBBS - SEPT 2011 TO PRESENT 33.80 X 0 37096 1926 JAMES F BARKER 12.00 X 172344 225087 42875 JOHN C ALEXANDER JR 8.00 X 66157 152163 12812 A NEILL CAMERON JR 6.00 X 0 228147 40908 BRETT A DALTON 1.00 X 0 211360 33867 DORIS R HELMS 1.00 X 0 269338 40561 BRIAN J O'ROURKE 1.00 X 0 202768 35795 238501 1654517 257580 1 0 1 0 CAMBRIDGE ASSOCIATES LLC PO BOX 83232 CHICAGO IL 60691 CONSULTING 166000 CUSTOM AUDIO & LIGHTING 3087 OLD HODGES ROAD ABBEVILLE SC 29620 VIDEO PRODUCTION 136194 2 88501 36058589 36147090 ENDOWMENT MANAGEMENT F 523000 1504085 1504085 DEVELOPMENT FEES 561000 500251 500251 ALUMNI AND FRIENDS PRO 561000 268731 268731 DEVELOPMENT PROGRAMS 561000 103778 103778 2376845 8027130 -360216 8387346 404364 404364 58156848 56337682 1819166 1819166 1819166 110960 88501 92035 18925 18925 MARKETING PROGRAM 541800 335991 335991 ADVERTISING 511120 34834 34834 CCIT COMMISSION 541800 28123 28123 32281 11183 21098 431229 49224749 2388028 59830 10629801 14269175 14269175 817928 365020 280564 172344 317941 10129 307812 299402 117507 73330 108565 14458 5337 9121 56442 56442 24668 24668 254643 254643 4807873 4558873 249000 1348054 900307 257083 190664 285058 147563 -2686 140181 799354 133058 191265 475031 54831 5173 14193 35465 501197 213234 156978 130985 421295 152332 34051 234912 18716 4539 2047 12130 57452 57452 146481 76425 51256 18800 ENTERTAINMENT 1061896 819470 99066 143360 OFFICIAL FUNCTIONS ANDE 931630 398726 112789 420115 DEVELOPMENT FEES 500250 450624 49626 SUPPLIES 317974 199318 46837 71819 210223 98949 25065 86209 27516941 22967745 1737040 2812156 24322059 28578941 26824821 36388258 10930285 1349721 9604851 9580564 339673821 333349350 114392365 120147080 3804780 4019947 518622697 532064140 583253 470792 359500 146109659 144424871 147052412 144895663 X 19277081 19520662 133762714 133413224 218530490 234234591 371570285 387168477 518622697 532064140 X 21707808 -6109616 X X 0 1 1 X 0 X 28128494 22904276 23733242 22542450 36147090 133455552 28128494 22904276 23733242 22542450 36147090 133455552 133455552 8121770 8889406 7902994 16243366 8744383 49901919 152024 513610 -331203 -301219 49690 82902 410030 283590 39674 25916 11183 770393 184210766 8948243 0.72450 0.72980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 77566 77566 22890179 22967745 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 70605 67823 110807 77566 326801 250000 250000 250000 250000 1000000 1500000 ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: PART I-A, LINE 1: THE ORGANIZATION DOES NOT PARTICIPATE IN DIRECT OR INDIRECT POLITICAL CAMPAIGN ACTIVITIES. EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: LEGISLATIVE ACTIVITIES: THREE CLEMSON UNIVERSITY EMPLOYEES (ANGIE LEIDINGER, KATHY COLEMAN, AND KATY BAYLESS) ARE PAID BY CLEMSON UNIVERSITY TO PERFORM CERTAIN LEGISLATIVE AFFAIRS FUNCTIONS. LEIDINGER AND COLEMAN MAINTAIN CLEMSON UNIVERSITY CONTACT WITH STATE AGENCIES AND ARE REGISTERED LOBBYISTS FOR THE STATE OF S.C. THE CLEMSON UNIVERSITY FOUNDATION PROVIDES FUNDING FOR CERTAIN EXPENSES ASSOCIATED WITH THEIR ACTIVITIES. KATY BAYLESS IS A REGISTERED FEDERAL LOBBYIST FOR CLEMSON UNIVERSITY. THE CLEMSON UNIVERSITY FOUNDATION PROVIDES NO FUNDING FOR EXPENSES ASSOCIATED WITH HER ACTIVITIES. 2 0 3733 150600 1 1 X X 2 608.44 0 0 0 1 0 675.00 32559 0 12510053 193537 1170612 11532978 0 293557105 12196333 -5545511 2597993 3602061 294007873 229948047 14341955 55178870 2482942 3428825 293557105 201464608 10953007 21012374 1576834 1905108 229948047 266117064 7447788 -63949370 3232715 4918159 201464608 0.05000 0.70000 0.25000 0 0 11900 8971049 8982949 1833458 1258788 574670 113878 90933 22945 9580564 PRIVATE EQUITY 17785363 C REAL ESTATE 14318608 F OTHER SECURITIES 866087 F NOTE RECEIVABLE UNIVERSITY REAL ESTATE FOUNDATION 20000000 F HEDGE FUNDS 67177022 F 120147080 DUE TO RELATED ORGANIZATIONS 3352 TRUST FUNDS ADMINISTERED FOR AFFILIATE 2324469 ACCRUED LIABILITY DUE TO INVESTMENT APPRECIATION 34166351 NOTE PAYABLE TO CLEMSON UNIV - ASSETS HELD FOR INVESTMENT 102919316 LIFE ANNUITIES PAYABLE TO DONORS 5011383 144424871 49224749 27516941 21707808 -9238469 3128853 -6109616 15598192 38648295 -6017581 -6017581 44665876 4558873 4558873 49224749 23050103 92035 92035 22958068 4558873 4558873 27516941 EXPLANATION OF EASEMENTS ENFORCEMENT POLICIES: PART II, LINE 5: THE ORGANIZATION DOES NOT HAVE A WRITTEN POLICY, HOWEVER, AN INSPECTION OF THE PROPERTY IS DONE MONTHLY AND A FUEL MITIGATION PROJECT WAS COMPLETED ON SITE TO MINIMIZE IMPACTS FROM FIRE TO SURROUNDING PROPERTIES. PART II, LINE 8: THERE ARE NO CONSERVATION EASEMENTS OR CERTIFIED HISTORIC STRUCTURES ACQUIRED AFTER 8/17/2006. DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: LAND WITH AN APPRAISED VALUE OF $8,971,049 IS HELD BY THE FOUNDATION. A CONSERVATION EASEMENT REQUIRING THE LAND REMAIN IN AN UNDEVELOPED STATE HAS BEEN ASSIGNED, WITH AN EXCEPTION MADE FOR THE CONSTRUCTION, OPERATION, AND MANAGEMENT OF A RESEARCH AND EDUCATIONAL FACILITY. ACCORDINGLY, THE PROPERTY HAS BEEN APPRAISED WITH THE CONSERVATION EASEMENT VALUED AT $8,053,631 AND LAND OF $917,418. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: A SPECIFIED AMOUNT OF THE THREE YEAR ROLLING AVERAGE BALANCE OF THE ENDOWMENT IS USED TO FUND PURPOSES SPECIFIED BY DONORS. FORTY-TWO PERCENT IS USED TO FUND SCHOLARSHIPS, FELLOWSHIPS AND AWARDS FOR STUDENTS, AND THE BALANCE IS USED TO FUND PROFESSORSHIPS AND PROVIDE SUPPORT FOR DEPARTMENT AND COLLEGE PROGRAMS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION ADOPTED THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ON JULY 1, 2009. 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, 2012 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. THE OPEN TAX YEARS FOR THE FOUNDATION INCLUDE THE YEARS ENDED JUNE 30, 2009, 2010 AND 2011. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF LIFE INSURANCE POLICIES 82,023. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 1,482,141. TAX ADJ. FOR INVESTMENT INCOME FROM ALTERNATIVE INVESTMENTS 1,564,689. TOTAL TO SCHEDULE D, PART XI, LINE 8: 3,128,853. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF LIFE INSURANCE POLICIES 82,023. SPECIAL EVENTS - EXPENSES 92,035. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 1,482,141. UNREALIZED LOSS ON INVESTMENTS -9,238,469. TAX ADJ. FOR INVESTMENT INCOME FROM ALTERNATIVE INVESTMENTS 1,564,689. PART XIII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES - SPECIAL EVENTS IN PART VIII 92,035. FORM 990, SCH D, PART II, LINE 5: WRITTEN POLICY: THE ORGANIZATION DOES NOT HAVE A WRITTEN POLICY, HOWEVER AN INSPECTION OF THE PROPERTY IS DONE MONTHLY AND A FUEL MITIGATION PROJECT WAS COMPLETED ON SITE TO MINIMIZE IMPACTS FROM FIRES TO SURROUNDING PROPERTIES. FORM 990, SCH D, PART II, LINE 6: STAFF AND VOLUNTEER HOURS: THE PROPERTY IS INSPECTED MONTHLY BY ASSIGNED TECHNICIANS WHO DRIVE AND WALK THE PROPERTY AND REPORT ANY CONCERNS TO MANAGEMENT. IN 2012 THREE FACULTY, TWO STAFF AND FIVE STUDENTS CONDUCTED 675 HOURS OF RESEARCH ON THE VEGETATIVE HABITAT OF THE PROPERTY. FORM 990, SCH D, PART II, LINE 7: EXPENSE: $32,559 WAS SPENT FOR SALARIES AND SUPPLIES RELATED TO MONITORING, INSPECTING AND CONDUCTING RESEARCH ON THE PROPERTY IN 2012. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 15715000 0 0 0 0 0 0 15715000 0 15715000 1 0 1 0 0 0 PASSIVE FOREIGN INVESTMENT COMPANIES 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 FISCAL YEAR 2012. FORM 8621 IS NOT BEING FILED PURSUANT TO IRS GUIDANCE SET FORTH IN REG. SEC. 1.1291-1(E)." CASH TRANSFER PART IV LINE 1 THE ORGANIZATION WAS A TRANSFEROR OF CASH IN THE AMOUNT OF $4,000,000 TO DIFFERENT FOREIGN CORPORATIONS (INVESTMENTS) DURING THE FISCAL YEAR AND COMPLETED THE FORMS 926. X X X X X X 1 BENZ WHALEY & FLESSNER 7251 OHMS LANE MINNEAPOLIS MN 55439 CAPITAL CAMPAIGN CONSULTANT 0 0 117793 -117793 JAMES F BARKER 201 SIKES HALL CLEMSON SC 296345002 EMPLOYEE/FUND RAISING 0 0 172344 -172344 ALEXANDER HAAS MARTIN INC 3520 PIEDMONT RD SUITE 300 ATLANTA GA 30305 CAMPAIGN CONSULTANT 0 0 44143 -44143 CC BEARD & ASSOCIATES 3106 MYRTLEWOOD ANDERSON SC 29621 CAMPAIGN CONSULTANT 0 0 25000 -25000 COLLEGE CONNECTIONS INC 6129 LONG MEADOW RD MCLEAN VA 22101 CAMPAIGN CONSULTANT 0 0 118559 -118559 477839 -477839 SC BROOK CENTER FUNDRAISER & SILENT AU 41841 12326 29515 9949 3414 VISUAL ARTS GALA & SILENT AUCTION 73434 33824 39610 3500 8346 26939 1 84186 42351 41835 12370 3500 24017 199461 88501 110960 3500 20716 13449 54370 92035 18925 1 CLEMSON UNIVERSITY ADMIN SERVICES BLDG 108 PERIMETER RD CLEMSON SC 29634 576000254 IRC 115 14163851 105324 FMV AT PURCHASE TRANSFER OF PURCHASED EQUIPMENT TO PROMOTE THE WELFARE AND FUTURE DEVELOPMENT OF CLEMSON UNIVERSITY IN ITS EDUCATIONAL AND SCIENTIFIC RESEARCH PURPOSES 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ALL DISBURSEMENTS TO CLEMSON UNIVERSITY ARE REVIEWED FOR COMPLIANCE WITH DONOR WISHES. SCHOLARSHIP DISBURSEMENTS ARE ADMINISTERED BY FINANCIAL AID OF CLEMSON UNIVERSITY. SELECTED OTHER DISBURSEMENTS ARE REVIEWED FOR COMPLIANCE BY A POST DISBURSEMENT REVIEW PROCESS AND INTERNAL AUDITS. X 1 1 X X X 0 0 0 1 1 0 0 0 0 HARRISON F TRAMMELL 0 204282 0 0 0 258 0 10177 0 14351 0 229068 0 0 JAMES F BARKER 172344 222869 0 0 0 2218 0 30763 0 12112 172344 267962 0 0 JOHN C ALEXANDER JR 66157 152163 0 0 0 0 0 7688 0 5124 66157 164975 0 0 A NEILL CAMERON JR 0 227233 0 0 0 914 0 30331 0 10577 0 269055 0 0 BRETT A DALTON 0 211144 0 0 0 216 0 28847 0 5020 0 245227 0 0 DORIS R HELMS 0 267052 0 0 0 2286 0 33908 0 6653 0 309899 0 0 BRIAN J O'ROURKE 0 181802 0 20000 0 966 0 24323 0 11472 0 238563 0 0 SUPPLEMENTAL INFORMATION PART III TRAVEL EXPENSES INCURRED BY SPOUSE OF PRESIDENT OF CLEMSON UNIVERSITY ARE REIMBURSED WHEN FOR A BONA FIDE BUSINESS PURPOSE. ALL REIMBURSEMENTS FOR SPOUSAL TRAVEL ARE APPROVED BY THE SECRETARY OF THE UNIVERSITY BOARD OF TRUSTEES. THE 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. THE FOLLOWING CUF BOARD MEMBERS SERVE AS VOTING DIRECTORS OF OTHER RELATED ORGANIZATIONS: GEORGE BIEDIGER - CLEMSON UNIVERSITY REAL ESTATE FOUNDATION RICHARD COTTINGHAM - CLEMSON UNIVERSITY CONTINUING EDUCATION AND CONFERENCE COMPLEX CORPORATION STEPHEN HUTCHINSON - CLEMSON UNIVERSITY CONTINUING EDUCATION AND CONFERENCE COMPLEX CORPORATION NEIL ROBINSON JR - CLEMSON UNIVERSITY REAL ESTATE FOUNDATION G GRAHAM SEGARS JR - CLEMSON UNIVERSITY REAL ESTATE FOUNDATION E. SMYTH MCKISSICK III - CLEMSON UNIVERSITY BOARD OF TRUSTEES CUF OFFICERS ARE EMPLOYEES OF CLEMSON UNIVERSITY: HARRISON TRAMMELL ALICE EVATT DONNA GARRIS (JULY - AUGUST 2011) AMY GIBBS (SEPTEMBER 2011 TO PRESENT) THE FOLLOWING EMPLOYEES OF CLEMSON UNIVERSITY ARE EX-OFFICIO MEMBERS OF THE CUF BOARD: A. NEILL CAMERON, JR. JAMES F. BARKER JOHN C. ALEXANDER, JR. BRETT A. DALTON DORIS R. HELMS BRIAN J. O'ROURKE X 100 2156209 AVERAGE MARKET VALUE 0 1 0 BACKUP WITHHOLDING RULES: FORM 990, PART V, LINE 1C: THERE WERE NO INSTANCES THAT REQUIRED BACKUP WITHHOLDING. NONDEDUCTIBLE CONTRIBUTIONS: PART V, LINE 7A AND 7B: THE ORGANIZATION SOLICITS AND RECEIVES GIFTS DESIGNATED FOR IPTAY PROGRAMS (ATHLETICS). GIFTS ENTITLE DONOR TO CERTAIN BENEFITS GRANTED BY IPTAY - AN ORGANIZATION OPERATED UNDER CLEMSON UNIVERSITY. THE ORGANIZATION ADVISES DONORS THAT THEY SHOULD CONSULT THEIR TAX ADVISOR REGARDING THE AMOUNT OF GIFT WHICH QUALIFIES FOR TAX DEDUCTIBILITY (USUALLY 80%). THE ORGANIZATION SELLS TICKETS FOR TWO FUND RAISING EVENTS. THE CONTRIBUTION PORTION IS STATED ON THE TICKET. COMPLIANCE WITH FORMS 8899 AND 1098-C: 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 A, LINE 4 CLEMSON UNIVERSITY FOUNDATION AMENDED THEIR CONSTITUTION ON SEPTEMBER 7, 2011. ORGANIZATION CHANGED THE STRUCTURE OF THE INVESTMENT COMMITTEE, REDUCING THE PERMITTED SIZE OF THE COMMITTEE AND PERMITTING NON-DIRECTOR MEMBERS; HOWEVER A MAJORITY OF THE COMMITTEE MEMBERS MUST BE VOTING DIRECTORS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11 AUDIT COMMITTEE REVIEWS THE 990 IN DETAIL AND A COPY IS PROVIDED TO THE FULL BOARD PRIOR TO FILING. 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 RESIGNING. FORM 990, PART VI, SECTION B, LINE 15 CUF HAD TWO EMPLOYEES IN CALENDAR YEAR 2011 WHOSE SALARY IS DETERMINED BY THE HUMAN RESOURCES 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 RESOURCES DEPARTMENT WITHIN THE GUIDELINES ESTABLISHED BY THE STATE OF SOUTH CAROLINA. THE CUF BOARD REVIEWS AND APPROVES THE COMPENSATION SET BY CU 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -9,238,469. CHANGE IN VALUE OF LIFE INSURANCE POLICIES 82,023. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 1,482,141. TAX ADJ. FOR INVESTMENT INCOME FROM ALTERNATIVE INVESTMENTS 1,564,689. TOTAL TO FORM 990, PART XI, LINE 5: -6,109,616. AUDIT PROCESS: 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 ELEVEN YEARS. CUF HAS AN AUDIT COMMITEE WHICH MEETS AT LEAST THREE TIMES A YEAR AND INTERACTS DIRECTLY WITH THE AUDIT FIRM. 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) 509(A)(3) N/A 0 CLEMSON UNIVERSITY ADMN SERVICES BLDG 108 PERIMETER RD CLEMSON SC 29634 576000254 RESEARCH UNIVERSITY SC IRC 115 LINE 5 N/A 0 CHARITABLE REMAINDER ANNUITY TRUSTS (3) TRUST SC N/A CHARITABLE REMAINDER TRUSTS (44) TRUST SC N/A 0 1 0 1 1 0 0 0 0 1 0 0 1 1 1 1 1 0 CUF TO CU - SHARE PAID EMPLOYEES N BOOK VALUE CUF TO CU - GRANT B 14269175 AUDITED FINANCIAL REPORT CU TO CUF - ENDOWMENT FUNDS LOANED FOR INVESTMENT E AUDITED FINANCIAL REPORT CUF TO CLEMSON UNIV REAL ESTATE FOUNDATION(CUREF)-ENDW FUNDS LOANED FOR INV D 20000000 AUDITED FINANCIAL REPORT CUF TO CLEMSON UNIV CONTINUING EDUCATION & CONF COMPLEX CORP (CUCECCC)-LOAN D 620000 AUDITED FINANCIAL REPORT CUF TO CUCECCC - GUARANTEE ON LOAN FROM WACHOVIA D 1900000 AUDITED FINANCIAL REPORT CUF TO CUCECCC - GIFTS DESIGNED FOR CECCC B 21875 AUDITED FINANCIAL REPORT CUF (PSA) TO CU - LEASE STADIUM BOX 63 J 70000 AUDITED FINANCIAL REPORT CUF TO CUREF - GIFTS DESIGNED FOR CUREF B 145500 AUDITED FINANCIAL REPORT CU CUF CUREF (SHARE FACILITIES AND DONOR DATABASE) M BOOK VALUE CU-TRANSFER FUNDS FOR OPERATIONS O 154233 AUDITED FINANCIAL REPORT CU-ENDOWMENT MGMT FEE P 1504048 AUDITED FINANCIAL REPORT ENDOWMENT FUNDS LOANED FOR INVESTMENT E 137085667 AUDITED FINANCIAL REPORT EQUIPMENT DONATED TO CU Q 105324 AUDITED FINANCIAL REPORT TRANSFER OF FUNDS FOR OPERATIONS Q 45000 AUDITED FINANCIAL REPORT SPLIT INTEREST AGREEMENT SCH R, PART IV CUF IS THE OWNER AND MANAGES THE TRUSTS. ALL OF THE TRUSTS HAVE LIVING PAYOUT BENEFICIARIES WHICH RECEIVE QUARTERLY OR ANNUAL PAYMENTS PER THE TRUST DOCUMENT. CUF RECEIVES NO INCOME. CUF RECEIVED NO K-1 FROM THESE TRUSTS, THE LIVING BENEFICIARY RECEIVES A K-1. THEREFORE, COLUMNS F, G, AND H ARE LEFT BLANK.