2011-05-16T10:58:13-05:00 2010-06-30 Cherry Bekaert & Holland LLP 201 West McBee Avenue Suite 200 Greenville SC 29601 990 2009-07-01 570426335 Clemson University Foundation CLEM 8646561289 PO Box 1889 Clemson SC 296331889 Alice Evatt 8646561289 2011-05-13 1 8642333981 2009 2016-02-24 21:20:13Z Alice Evatt PO Box 1889 Clemson SC 296331889 66386612 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 -331203 -408101 23017798 23733242 1179069 1721772 10691399 6136092 552194 397794 35440460 31988900 21242689 15989402 0 1119149 1419894 352204 174544 1806836 7339393 9078231 30053435 26662071 5387025 5326829 378758276 416414513 103872813 112744288 274885463 303670225 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 23636313 15989402 1761446 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 23636313 1 1 0 1 1 1 0 1 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 1 1 0 0 0 1 99 0 2 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 0 0 43 43 0 0 0 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 Pearman Blvd Clemson SC 296345306 Harry H Frampton III 1.00 X 0 0 0 James W Addison 1.00 X 0 0 0 William L Abercrombie Jr 1.00 X 0 0 0 William C Barker 1.00 X 0 0 0 David A Brown 1.00 X 0 0 0 James P Creel 1.00 X 0 0 0 C Tycho Howle 1.00 X 0 0 0 Margaret A Worsham 1.00 X 0 0 0 KENDALL K Alley 1.00 X 0 0 0 George J Bullwinkel Jr 1.00 X 0 0 0 MARY A BIGGER 1.00 X 0 0 0 EDIE BOSTIC 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 Jane S Sosebee 1.00 X 0 0 0 LESLIE D CALLISON 1.00 X 0 0 0 Thomas F Chapman 1.00 X 0 0 0 James R Sanders Jr 1.00 X 0 0 0 Kimberlee A Wilkerson 1.00 X 0 0 0 LORI ANNE CARR 1.00 X 0 0 0 W STEPHEN CAWOOD 1.00 X 0 0 0 Marsha Ward 1.00 X 0 0 0 Jack E Shaw 1.00 X 0 0 0 J RICHARD COTTINGHAM 1.00 X 0 0 0 Ronald E Taylor 1.00 X 0 0 0 W KELLY DURHAM 1.00 X 0 0 0 Charles L Sullivan jr 1.00 X 0 0 0 Dr Charles Kenneth Watt 1.00 X 0 0 0 George E Biediger 1.00 X 0 0 0 G Graham Segars Jr 1.00 X 0 0 0 Eddie M Robinson 1.00 X 0 0 0 JERRY D HANDEGAN 1.00 X 0 0 0 JAMES A KINMBELL III 1.00 X 0 0 0 TOM LAROCHE 1.00 X 0 0 0 PICKENS M LINDSAY 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 NEIL C ROBINSON JR 1.00 X 0 0 0 DANIEL P SCHAAF 1.00 X 0 0 0 BARTON S SHAW JR 1.00 X 0 0 0 DANIEL C STANZIONE 1.00 X 0 0 0 doris r helms 1.00 X X 0 264573 30089 brett a dalton 1.00 X X 0 205884 29026 ERNEST M BRIEL 1.00 X 0 0 0 brian j o'rourke 1.00 X X 0 154898 24173 Harrison Trammell 37.50 X 0 199616 14644 Alice Evatt 28.10 X 0 86747 13945 cheryl l nares 1.00 X 0 42522 7709 donna l garris 1.00 X 0 0 0 james f barker 12.00 X 172344 218844 34746 A Neill Cameron Jr 6.00 X 0 207273 31298 John C Alexander Jr 6.00 X 64500 148503 10560 236844 1528860 196190 1 0 1 0 COLLEGE CONNECTIONS 6129 LONG MEADOW ROAD MCLEAN VA 22101 CONSULTING 123042 1 94200 23639042 23733242 Endowment Management F 523000 1119290 1119290 Alumni and Friends Pro 561000 449053 449053 Development Programs 561000 153429 153429 1721772 7226455 -421809 7648264 254730 254730 33212939 34303302 -1090363 -1090363 -1090363 107194 94200 94410 12784 12784 Marketing Program 541800 53159 53159 Misc revenue 561000 33139 33139 Advertising 511120 31002 31002 12980 6535 6445 130280 31988900 1761446 -331203 6825415 15989402 15989402 568056 352712 43000 172344 589120 294560 208868 85692 4791 4791 257927 122758 74751 60418 43561 160 43401 43860 43860 174544 174544 3477286 3477286 1084890 931700 115033 38157 229300 127927 10009 91364 888330 330145 179032 379153 286054 106836 89052 90166 633817 362785 150236 120796 1117550 707323 116589 293638 599417 342962 67545 188910 12238 4265 7973 80939 78671 2268 135307 89072 37366 8869 Supplies 229202 194033 14745 20424 Awards & Gifts 181014 91370 13027 76617 Resale Items 20525 20525 Miscellaneous 14120 6209 2167 5744 Contract Labor 821 821 26662071 23636313 1218922 1806836 20735159 21763807 26992211 25353314 359373 10921656 1256907 9745687 9664749 263929727 282311322 53706670 73546552 3648822 3415396 378758276 416414513 445860 633465 103426953 112110823 103872813 112744288 X -21447 8467212 75542312 87891799 199364598 207311214 274885463 303670225 378758276 416414513 X 0 1 1 X 0 X 25372029 23714735 28128494 22904276 23733242 123852776 25372029 23714735 28128494 22904276 23733242 123852776 123852776 5047883 2275748 8121770 8889406 7902994 32237801 46134 178540 152024 513610 -331203 559105 566087 409739 410030 283590 39674 1709120 158358802 6696335 0.78210 0.76720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 67823 67823 23568490 23636313 1000000 250000 0 0 873872 1000000 1000000 1000000 3873872 5810808 67377 56865 70605 67823 262670 218468 250000 250000 250000 968468 1452702 Part I-A, Line 1: Organizations Direct and Indirect Political Campaign Activities: The organization does not participate in direct or indirect political campaign activities. Part II-B, Line 1i: Explanation of Other Lobbying Activities: legislative activities:TWO 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: ONE FOR FEDERAL AND ONE FOR STATE. 2 0 8728 125323 1 1 X X 2 608.44 1 0 250.00 1500 0 0 10579602 1489128 900618 11168112 0 201464608 10953007 21012374 1576834 1905108 229948047 266117064 7447788 -63949370 3232715 4918159 201464608 0.01000 0.87000 0.17000 0 0 11900 8971049 8982949 1800293 1174298 625995 138414 82609 55805 9664749 1220571 C Private equity 11378075 C Real Estate 7131608 F Other Securities 404525 F Note Receivable University Real Estate Foundation 20000000 F Hedge Funds 33411773 F 73546552 Due to related organizations 919183 Trust Funds Administered for affiliate 2058029 Accrued liability due to Investment appreciation 13247427 Note Payable to Clemson Univ - assets held for investment 90287351 Life Annuities payable to Donors 5598833 112110823 31988900 26662071 5326829 23649436 -191503 23457933 28784762 52482295 23649436 194899 23844335 28637960 3477286 -126346 3350940 31988900 23279195 94410 94410 23184785 3477286 3477286 26662071 Part II, Line 5: Explanation of Easements Enforcement Policies: 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. PART II, LINE 8: THERE are NO CONSERVATION EASEMENTS or certified historic structures ACQUIRED AFTER 8/17/2006. Part II, Line 9: Description of How Organization Reports Conservation Easements: 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. Part V, Line 4: Description of Intended Use of Endowment Funds: A specified amount of the three year rolling average balance of the endowment is used to fund purposes specified by donors. Forty-five 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. Part X: Description of Uncertain Tax Positions Under FIN 48: 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, 2010 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. Part XI, Line 8 - Other Adjustments: Change in value of Life insurance policies: 100489. Change in value of split interest agreements: -191658. Tax Adj. for Investment Income from Alternative Investments: 318004. transfer of interest in culr, llc: -418338. Part XII, Line 2d - Other Adjustments: Change in value of life insurance policies: 100489. Special Events - ExpenseS: 94410. Part XII, Line 4b - Other Adjustments: Tax Adj. for Investment Income from Alternative Investments: -318004. Change in Value of Split Interest agreements: 191658. Part XIII, Line 2d - Other Adjustments: Direct Fundraising Expenses - special events in Part VIii: 94410. X X X X X X 1 Benz Whaley & Flesher Capital campaign consultant 0 0 81154 -81154 COLLEGE CONNECTIONS Capital campaign consultant 0 0 123042 -123042 204196 -204196 SC Brook Center Beach Party Fundraiser 38476 12950 25526 1200 9729 Student Affairs Gala & SILENT AUCT. 79328 33580 45748 40156 1 83590 47670 35920 6141 37184 201394 94200 107194 7341 87069 94410 12784 1 Clemson University ADMIN SERVICES BLDG PEARMAN BLVD CLEMSON SC 29634 576000254 IRC 115 15857015 132387 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 0 0 0 0 0 0 doris r helms 0 264573 0 0 0 0 0 29939 0 150 0 294662 0 0 brett a dalton 0 205697 0 0 0 187 0 27499 0 1527 0 234910 0 0 brian j o'rourke 0 149102 0 0 0 5796 0 20223 0 3950 0 179071 0 0 Harrison Trammell 0 193228 0 0 0 6388 0 10312 0 4332 0 214260 0 0 james f barker 172344 216339 0 0 0 2505 0 29572 0 5174 172344 253590 0 0 A Neill Cameron Jr 0 203588 0 0 0 3685 0 27345 0 3953 0 238571 0 0 John C Alexander Jr 64500 148503 0 0 0 0 0 9004 0 1556 64500 159063 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. X 100 2051138 average market value 0 1 0 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 2009 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. form 990, part xi, line 2c audit process: 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 nine YEARS. CUF HAS AN AUDIT COMMITEE WHICH MEETS FOUR TIMES A YEAR AND INTERACTS DIRECTLY WITH THE AUDIT FIRM. Form 990, PART V, LINE 1C: Backup Withholding Rules: There were no instances that required backup withholding. Part V, lines 6a and 6b: Nondeductible Contributions: 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 deductible (usually 80%). Form 990, PART V, LINES 7g and 7h: Compliance with Forms 8899 and 1098-C: 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, Trustee & Key employee relationships No officer, director, trustee or key employee had a family or business relationship with any other officer, director, trustee or key employee. CULR LLC 110 Daniel Drive Clemson SC 29631 208727594 Leasing agent for data fiber-transferred to clemson univ research foundation SC 32944 0 Clemson University Research Foundation 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 CLEMSON UNIVERSITY PO BOX 1889 CLEMSON SC 29633 570426335 research university SC IRC 115 Line 5 N/A 0 1 0 1 1 0 0 0 0 1 0 0 1 1 0 1 1 0 cuf to cu - share paid employees N 568056 cuf to cu - grant B 15989402 clemson univ (cu) to clemson univ foundation(CUF)-endowment management fee P 1119290 cu to cuf - endowment funds loaned for investment E 94803010 cuf to clemson univ real estate foundation(CUreF)-endowment management fee D 20000000 cuf to Clemson Univ Continuing Education & Conf Complex Corp(cuceccc)-loan D 650000 cuf to cuceccc - guarantee on loan from wachovia D 2200000 cuf to cuceccc - gifts B 20000 cuf(psa) to cu - lease stadium box 63 J 70000 cuf to curef -gifts B 425000 cuf to curf ans culr - transfer net assets of culr Q 418336 cuf to culr - transfer of funds for operations Q 280736 cu cuf curef (share facilities and donor database) M