2012-03-20T15:21:22-05:00 2011-06-30 CHERRY BEKAERT & HOLLAND LLP 201 WEST MCBEE AVENUE SUITE 200 GREENVILLE SC 29601 990 2010-07-01 570426335 CLEMSON UNIVERSITY FOUNDATION CLEM 8646561289 PO BOX 1889 CLEMSON SC 296331889 ALICE EVATT 8646561289 2012-03-15 1 ELIZABETH MORRISON 8642333981 2012-03-15 2010 2016-02-24 21:20:13Z ALICE EVATT PO BOX 1889 CLEMSON SC 296331889 99375850 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 2 136 -301219 -493206 23733242 22542450 1721772 2216873 6136092 15351163 397794 633039 31988900 40743525 15989402 12611688 0 0 1419894 960817 174544 189640 3032626 9078231 11012307 26662071 24774452 5326829 15969073 416414513 518622697 112744288 147052412 303670225 371570285 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 20408363 12611688 2242789 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 20408363 1 1 0 1 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 90 0 2 1 1 1 1 CJ 0 0 0 1 1 1 1 0 0 0 X 43 43 1 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 WILLIAM L ABERCROMBIE JR 1.00 X 0 0 0 JAMES W ADDISON 1.00 X 0 0 0 KENDALL K ALLEY 1.00 X 0 0 0 WILLIAM C BARKER 1.00 X 0 0 0 GEORGE E BIEDIGER 1.00 X 0 0 0 MARY A BIGGER 1.00 X 0 0 0 EDITH BOSTIC 1.00 X 0 0 0 ERNEST M BRIEL 1.00 X 0 0 0 DAVID A BROWN 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 JAMES P CREEL 1.00 X 0 0 0 EDGAR J DUCKWORTH 1.00 X 0 0 0 W KELLY DURHAM 1.00 X 0 0 0 AUSTIN E GORE 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 C TYCHO HOWLE 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 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 NEIL C ROBINSON JR 1.00 X 0 0 0 JAMES R SANDERS JR 1.00 X 0 0 0 DANIEL P SCHAAF 1.00 X 0 0 0 G GRAHAM SEGARS JR 1.00 X 0 0 0 BARTON 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 KIMBERLEE A WILKERSON 1.00 X 0 0 0 MARGARET A WORSHAM 1.00 X 0 0 0 DONNA L GARRIS 1.00 X 0 40055 8207 ALICE C EVATT 28.10 X 0 88507 18608 HARRISON F TRAMMELL 37.50 X 0 203192 22449 LAURA H HASELDEN 1.00 X 0 43414 10440 JAMES F BARKER 12.00 X 172344 221513 41585 JOHN C ALEXANDER JR 6.00 X 46250 151392 12528 A NEILL CAMERON JR 6.00 X 0 229364 39335 BRETT A DALTON 1.00 X 0 209995 32445 DORIS R HELMS 1.00 X 0 268507 37600 BRIAN J O'ROURKE 1.00 X 0 190162 32254 218594 1646101 255451 1 0 1 0 COLLEGE CONNECTIONS 6129 LONG MEADOW ROAD MCLEAN VA 22101 CONSULTING 195279 SPARK & CO INC 653 CLIFTON RD ATLANTA GA 30307 VIDEO PRODUCTION 145642 2 55280 22487170 22542450 ENDOWMENT MANAGEMENT F 523000 1309877 1309877 DEVELOPMENT FEES 561000 425514 425514 ALUMNI AND FRIENDS PRO 561000 256286 256286 DEVELOPMENT PROGRAMS 561000 225196 225196 2216873 15356977 -512372 15869349 374017 374017 58571508 2500 58579822 -8314 2500 -5814 -5814 74456 55280 52503 21953 21953 MARKETING PROGRAM 541800 74985 74985 CCIT COMMISSION 541800 68937 68937 ADVERTISING 511120 49528 49528 43619 25916 17703 237069 40743525 2242789 -301219 16259505 12611688 12611688 647851 207350 268157 172344 189814 189814 12857 6000 6857 110295 73746 36549 92865 341 92524 72504 13639 58865 189640 189640 4249923 4249923 1328612 878431 203946 246235 40756 10703 7100 22953 1706211 705255 214700 786256 87749 37682 16429 33638 427823 182793 138094 106936 465144 158820 33586 272738 1316901 382816 70190 863895 4930 294 4636 59899 59899 124096 77091 35338 11667 DEVELOPMENT FEES 425514 375235 50254 25 ENTERTAINMENT 267951 229524 25764 12663 AWARDS & GIFTS 178458 98976 17185 62297 SUPPLIES 141528 100460 22949 18119 MISCELLANEOUS 21443 21443 24774452 20408363 1333463 3032626 21763807 24322059 25353314 26824821 359373 10897120 1292269 9664749 9604851 282311322 339673821 73546552 114392365 3415396 3804780 416414513 518622697 633465 583253 359500 112110823 146109659 112744288 147052412 X 8467212 19277081 87891799 133762714 207311214 218530490 303670225 371570285 416414513 518622697 X 15969073 51930987 X X 0 1 1 X 0 X 23714735 28128494 22904276 23733242 22542450 121023197 23714735 28128494 22904276 23733242 22542450 121023197 121023197 2275748 8121770 8889406 7902994 16243366 43433284 178540 152024 513610 -331203 -301219 211752 409739 410030 283590 39674 25916 1168949 165837182 7752009 0.72980 0.78210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 110807 110807 20294315 20405122 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 56865 70605 67823 110807 306100 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 OTHER LOBBYING ACTIVITIES: PART II-B, LINE 1I: LEGISLATIVE ACTIVITIES: THREE CLEMSON UNIVERSITY EMPLOYEES (PAID BY CLEMSON UNIVERSITY) RECEIVE OTHER FUNDING FROM CLEMSON UNIVERSITY FOUNDATION. THEIR FUNCTION IS TO MAINTAIN CU CONTACT WITH STATE AND FEDERAL AGENCIES. THEY ARE REGISTERED LOBBYISTS. 2 0 0 157357 1 1 X X 2 608.44 0 0 0 1 0 350.00 12110 0 11168112 2394988 1053047 12510053 0 229948047 14341955 55178870 2482942 3428825 293557105 201464608 10953007 21012374 1576834 1905108 229948047 266117064 7447788 -63949370 3232715 4918159 201464608 0.05000 0.67000 0.28000 0 0 11900 8971049 8982949 1800293 1216632 583661 113878 75637 38241 9604851 PRIVATE EQUITY 15470843 C REAL ESTATE 10055008 F OTHER SECURITIES 971857 F NOTE RECEIVABLE UNIVERSITY REAL ESTATE FOUNDATION 20000000 F HEDGE FUNDS 67894657 F 114392365 DUE TO RELATED ORGANIZATIONS 26393 TRUST FUNDS ADMINISTERED FOR AFFILIATE 2448946 ACCRUED LIABILITY DUE TO INVESTMENT APPRECIATION 34883611 NOTE PAYABLE TO CLEMSON UNIV - ASSETS HELD FOR INVESTMENT 102919316 LIFE ANNUITIES PAYABLE TO DONORS 5831393 146109659 40743525 24774452 15969073 55656158 -3725171 51930987 67900060 88477092 55656158 2408428 58064586 30412506 4249923 6081096 10331019 40743525 20577032 52503 52503 20524529 4249923 4249923 24774452 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, 2011 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF LIFE INSURANCE POLICIES 286,297. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 2,069,628. TAX ADJ. FOR INVESTMENT INCOME FROM ALTERNATIVE INVESTMENTS -6,081,096. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF LIFE INSURANCE POLICIES 286,297. SPECIAL EVENTS - EXPENSES 52,503. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 2,069,628. PART XII, LINE 4B - OTHER ADJUSTMENTS: TAX ADJ. FOR INVESTMENT INCOME FROM ALTERNATIVE INVESTMENTS 6,081,096. PART XIII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES - SPECIAL EVENTS IN PART VIII 52,503. 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 2011 THREE FACULTY, TWO STAFF AND FIVE STUDENTS CONDUCTED 350 HOURS OF RESEARCH ON THE VEGETATIVE HABITAT OF THE PROPERTY. FORM 990, SCH D, PART II, LINE 7: EXPENSE: $12,110 WAS SPENT FOR SALARIES AND SUPPLIES RELATED TO MONITORING, INSPECTING AND CONDUCTING RESEARCH ON THE PROPERTY IN 2011. X X X X X X 1 BENZ WHALEY & FLESSNER 7251 OHMS LANE MINNEAPOLIS MN 55439 CAPITAL CAMPAIGN CONSULTANT 0 0 56000 -56000 JAMES F BARKER 201 SIKES HALL CLEMSON SC 296345002 EMPLOYEE/FUND RAISING 0 0 172344 -172344 COLLEGE CONNECTIONS 6129 LONG MEADOW ROAD MCLEAN VA 22101 CAMPAIGN CONSULTANT 0 0 133640 -133640 361984 -361984 SC BROOK CENTER FUNDRAISER & SILENT AU 39321 12687 26634 9822 VISUAL ARTS GALA & SILENT AUCTION 84665 38190 46475 1200 37310 1 5750 4403 1347 100 4071 129736 55280 74456 100 1200 51203 52503 21953 1 CLEMSON UNIVERSITY ADMIN SERVICES BLDG 108 PERIMETER RD CLEMSON SC 29634 576000254 IRC 115 12527920 83768 FMV AT PURCHASE TRANSFER OF PURCHASED EQUIPMENT TO PROMOTE THE WELFARE AND FUTURE DEVELOPMENT OF CLEMSON UNIVERSITY IN ITS EDUCATIONAL AND SCIENTIFIC RESEARCH PURPOSES 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 197068 0 0 0 6124 0 10061 0 12388 0 225641 0 0 JAMES F BARKER 172344 219295 0 0 0 2218 0 29781 0 11804 172344 263098 0 0 JOHN C ALEXANDER JR 46250 151392 0 0 0 0 0 7648 0 4880 46250 163920 0 0 A NEILL CAMERON JR 0 218966 0 0 0 10398 0 29109 0 10226 0 268699 0 0 BRETT A DALTON 0 209815 0 0 0 180 0 27658 0 4787 0 242440 0 0 DORIS R HELMS 0 267616 0 0 0 891 0 32561 0 5039 0 306107 0 0 BRIAN J O'ROURKE 0 163425 0 20000 0 6737 0 21766 0 10488 0 222416 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. THE FOLLOWING EMPLOYEES OF CLEMSON UNIVERSITY ARE EX-OFFICIO MEMBERS OF THE CUF BOARD. JOHN C ALEXANDER JR JAMES F BARKER A NEILL CAMERON JR BRETT A DALTON DORIS R HELMS BRIAN J O'ROURKE HARRISON F TRAMMELL X 100 2947594 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 2 OFFICER, DIRECTOR, TRUSTEES & KEY EMPLOYEE RELATIONSHIPS NO OFFICER, DIRECTORS, TRUSTEES & KEY EMPLOYEE HAD A FAMILY OR BUSINESS RELATIONSHIP WITH ANY OTHER OFFICER, DIRECTOR, TRUSTEES OR KEY EMPLOYEE. THE FOLLOWING CUF BOARD MEMBERS SERVE AS VOTING DIRECTORS OF OTHER RELATED ORGANIZATIONS: WILLIAM L ABERCROMBIE JR - CLEMSON UNIVERSITY REAL ESTATE FOUNDATION GEORGE E BEIDINGER - CLEMSON UNIVERSITY REAL ESTATE FOUNDATION RICHARD COTTINGHAM - CLEMSON UNIVERSITY CONTINUING EDUCATION AND CONFERENCE COMPLEX CORPORATION JAMES P CREEL - CLEMSON UNIVERSITY CONTINUING EDUCATION AND CONFERENCE COMPLEX CORPORATION NEIL C ROBINSON JR - CLEMSON UNIVERSITY REAL ESTATE FOUNDATION G GRAHAM SEGERS JR - CLEMSON UNIVERSITY REAL ESTATE FOUNDATION THE FOLLOWING EMPLOYEES OF CLEMSON UNIVERSITY ARE EX-OFFICIO MEMBERS OF THE CUF BOARD. JOHN C ALEXANDER JR JAMES F BARKER A NEILL CAMERON JR BRETT A DALTON DORIS R HELMS BRIAN J O'ROURKE THE FOLLOWING OFFICERS ARE EMPLOYEES OF CLEMSON UNIVERSITY: HARRISON F TRAMMELL ALICE C EVATT DONNA L GARRIS LAURA H HASELDEN FORM 990, PART VI, SECTION A, LINE 4 ORGANIZATION ADDED HOW TO REMOVE A BOARD MEMBER, CLARIFIED PROCEDURAL RULES AND ADDED INDEMNIFICATION STATEMENT IN THE CONSTITUTION. 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 THE ORGANIZATION'S BOARD AND KEY EMPLOYEES RECEIVE A COPY OF THE CODE OF CONDUCT WITH THE CONFLICT OF INTEREST POLICY ANNUALLY FOR REVIEW AND SIGNATURE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAD TWO EMPLOYEES IN CALENDAR YEAR 2010 WHOSE SALARY IS DETERMINED BY THE EXECUTIVE COMMITTEE. ALL OTHER INDIVIDUALS CONDUCTING THE ORGANIZATION'S 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 ORGANIZATION'S BOARD ANNUALLY 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 55,656,158. CHANGE IN VALUE OF LIFE INSURANCE POLICIES 286,297. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 2,069,628. TAX ADJ. FOR INVESTMENT INCOME FROM ALTERNATIVE INVESTMENTS -6,081,096. TOTAL TO FORM 990, PART XI, LINE 5: 51,930,987. 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 TEN 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 570426335 RESEARCH UNIVERSITY SC IRC 115 LINE 5 N/A 0 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 12611688 AUDITED FINANCIAL REPORT CU TO CUF - ENDOWMENT FUNDS LOANED FOR INVESTMENT E 137802937 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 630000 AUDITED FINANCIAL REPORT CUF TO CUCECCC - GUARANTEE ON LOAN FROM WACHOVIA D 2200000 AUDITED FINANCIAL REPORT CUF TO CUCECCC - GIFTS DESIGNED FOR CECCC B 46200 AUDITED FINANCIAL REPORT CUF(PSA) TO CU - LEASE STADIUM BOX 63 J 98940 AUDITED FINANCIAL REPORT CUF TO CUREF -GIFTSDESIGNED FOR CUREF B 334500 AUDITED FINANCIAL REPORT CUF TO CULR - TRANSFER OF FUNDS FOR OPERATIONS Q 17500 AUDITED FINANCIAL REPORT CU CUF CUREF (SHARE FACILITIES AND DONOR DATABASE) M BOOK VALUE CU-TRANSFER FUNDS FOR OPERATIONS O 157843 AUDITED FINANCIAL REPORT CU-ENDOWMENT MGMT FEE P 1309877 AUDITED FINANCIAL REPORT AUDITED FINANCIAL REPORT