2024-04-19T10:15:35-05:00 2023-06-30 440160260 FORVIS LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2022-07-01 576017985 UNIVERSITY OF SOUTH CAROLINA EDUCATIONAL FOUNDATION UNIV 8037771466 1027 BARNWELL STREET COLUMBIA SC 29208 R JASON CASKEY PRESIDENT/CEO 8037771466 2024-04-19 1 R JASON CASKEY 999009999 1 AMY BIBBY P00445891 8282542254 2024-04-19 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z R JASON CASKEY 1027 BARNWELL STREET COLUMBIA SC 29208 184782580 0 X WWW.USCFOUNDATIONS.COM X 1956 SC TO SUPPORT THE UNIVERSITY OF SOUTH CAROLINA IN ITS ACADEMIC, RESEARCH AND CHARITABLE ENDEAVORS BY PROMOTING A CULTURE OF PHILANTHROPY, MANAGING AND STEWARDING DONOR GIFTS, AND PROVIDING FINANCIAL RESOURCES TO SUPPORT STUDENTS AND FACULTY NOW AND INTO THE FUTURE. 25 25 27 25 0 153839 42564503 44422639 832070 634776 43431646 17990264 2373044 1033787 89201263 64081466 16887752 18581217 0 0 3059669 3044285 0 54790 830501 31044794 30398583 50992215 52078875 38209048 12002591 607523681 660021680 25036161 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COO 30.00 10.00 X 199243 0 68195 HARRIS PASTIDES UNIVERSITY PRESIDENT 40.00 X 221229 0 0 MICHAEL AMIRIDIS UNIVERSITY PRESIDENT 40.00 X 297631 0 0 JENNIFER MUIR DIRECTOR OF INVESTMENTS 39.00 1.00 X 159564 0 51520 JEAN PINCKNEY DIRECTOR OF ACCOUNTING 1.00 39.00 X 134804 0 11554 RUTH ANN SHULER DIRECTOR OF PLANNED GIVING 40.00 X 122181 0 43615 2003855 0 257099 10 0 1 1 EVERETT SPORTS MARKETING LLC 43 PADDINGTON AVE GREENVILLE SC 29609 MARKETING 626365 SOUTHERN WAY INC 100 E EXCHANGE PL COLUMBIA SC 29209 FOOD SERVICE 298955 ARAMARK SERVICES INC PO BOX 978839 DALLAS TX 75397 FOOD SERVICE 292106 FUND EVALUATION GROUP PO BOX 639176 CINCINNATI OH 45263 INVESTMENT MANAGER 251075 MERCY CONTRACTING LLC 312 POST OAK WAY COLUMBIA SC 29212 CONSTRUCTION 238129 8 135019 44287620 6808357 44422639 REGISTRATION FEES 611430 213421 213421 RENTAL INCOME 531120 207338 207338 MISCELLANEOUS REVENUE 900099 206949 206949 MUSICAL CONCERTS 711130 7068 7068 634776 8189488 8189488 210538 210538 130395378 120594602 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106512 51814844 264031 264031 52078875 PART IV, LINE 2B: THE USC EDUCATIONAL FOUNDATION HAS ENTERED INTO AN AGREEMENT WITH THE EDUCATIONAL FOUNDATION OF USC LANCASTER (A SEPARATE 501(C)(3) ENTITY) WHEREBY THE USC EDUCATIONAL FOUNDATION HOLDS, RECEIVES, RECORDS, MANAGES, INVESTS AND DISBURSES ALL PRIVATE FUNDS DONATED TO THE EDUCATIONAL FOUNDATION OF USC LANCASTER. THE EDUCATIONAL FOUNDATION OF USC LANCASTER MAY WITHDRAW THEIR FUNDS AT ANY POINT. THIS AGREEMENT WAS INITIATED TO ENJOY THE ECONOMIES OF SCALE IN REGARDS TO STAFFING, RESOURCES AND ADMINISTRATIVE COSTS. PART V, LINE 4: THE NET INCOME OF THE FOUNDATION'S ENDOWMENT FUNDS IS UTILIZED AS DIRECTED BY THE BOARD OF DIRECTORS OF THE FOUNDATION IN ACCORDANCE WITH THE ESTABLISHED PRIORITIES AND GIFT RESTRICTIONS FOR THE EXCLUSIVE BENEFIT OF THE UNIVERSITY OF SOUTH CAROLINA. THESE USES INCLUDE BUT ARE NOT LIMITED TO: 1) SCHOLARSHIPS AND/OR FELLOWSHIPS 2) CHAIRS AND/OR PROFESSORSHIPS 3) GENERAL PROGRAM SUPPORT FOR VARIOUS UNIVERSITY DEPARTMENTS, COLLEGES, INSTITUTES AND OFFICES. PART X, LINE 2: THE FOUNDATION HAS BEEN GRANTED EXEMPTION FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND ACCORDINGLY, NO PROVISION FOR INCOME TAX IS RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION HAS DETERMINED THAT IT DOES NOT HAVE ANY UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2023. PART XI, LINE 2D - REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER CHANGES IN PLEDGES RECEIVABLE -$3,104,925 SPECIAL EVENTS -$106,512 PART XII, LINE 2D - EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER SPECIAL EVENTS -$106,512 X X X X X X 1 SUSAN LEE 115 PALMER WAY SUNSET SC 29685 CONSULTING 0 0 54790 54790 WEALTH-X 142 WEST 36TH ST NEW YORK NY 10019 CONSULTING 0 0 43500 43500 WINDFALL DATA INC 595 PACIFIC SAN FRAN CA 94133 CONSULTING 0 0 34000 34000 132290 132290 SC GALA 71994 50044 21950 3754 20764 12000 7679 GALA 55743 41215 14528 13221 3 80117 43760 36357 16610 24264 400 7820 207854 135019 72835 20364 58249 12400 15499 106512 -33677 1 NATIONAL MERIT SCHOLARSHIP CORP 1560 SHERMAN AVE SUITE 200 EVANSTON IL 602014897 362307743 501C3 77250 0 SCHOLARSHIPS UNIVERSITY OF SOUTH CAROLINA 1600 HAMPTON STREET COLUMBIA SC 29208 576001153 115 16845789 568220 COST EQUIPMENT OPERATING-SCHOLARS CHILDREN'S CENTER AT USC 1530 WHEAT STREET COLUMBIA SC 29205 203404109 501C3 672307 0 PROJECT SUPPORT 3 0 SCHOLARSHIPS 9 243145 PART I, LINE 2 - PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS SCHOLARSHIPS ARE PROVIDED ON BEHALF OF THE GRANTEE DIRECTLY TO THE UNIVERSITY FOR APPLICATION AGAINST EDUCATIONAL EXPENSES. PART III, COLUMN B SELECTION OF GRANTEES IS CHOSEN BASED ON AVAILABILITY OF FUNDING AND PREDETERMINED SCHOLARSHIP CRITERIA. X X X 0 0 0 0 0 0 0 0 0 R JASON CASKEY PRESIDENT AND CEO, UNIVERSITY FOUNDA 353730 0 30000 0 20500 0 11938 0 14767 0 430935 0 0 0 MICHAEL AMIRIDIS UNIVERSITY PRESIDENT 293679 0 0 0 3952 0 0 0 0 0 297631 0 0 0 KIM ELLIOTT CFO AND TREASURER 245500 0 10000 0 20500 0 10569 0 838 0 287407 0 0 0 SUSAN B SMITH COO 199243 0 0 0 0 0 67357 0 838 0 267438 0 0 0 HARRIS PASTIDES UNIVERSITY PRESIDENT 218679 0 0 0 2550 0 0 0 0 0 221229 0 0 0 JENNIFER MUIR DIRECTOR OF INVESTMENTS 156564 0 3000 0 0 0 9506 0 42014 0 211084 0 0 0 RUTH ANN SHULER DIRECTOR OF PLANNED GIVING 122181 0 0 0 0 0 29893 0 13722 0 165796 0 0 0 PART VII LINE 5 RUTH ANN SHULER RECEIVED HER COMPENSATION (INCLUDING RETIREMENT BENEFITS) FROM THE UNIVERSITY OF SOUTH CAROLINA, AN UNRELATED ORGANIZATION. MS. SHULER RECEIVED A TOTAL OF $122,181. THE FOUNDATION REIMBURSED THE UNIVERSITY 100% OF THESE COSTS. SCHEDULE J PART III: ADDITIONAL INFORMATION USC EDUCATIONAL FOUNDATION EMPLOYEES PROVIDE SERVICES FOR BOTH THE USC EDUCATIONAL FOUNDATION AND THE USC DEVELOPMENT FOUNDATION, INCLUDING ITS SUBSIDIARIES. THE AMOUNTS IN SCHEDULE J INCLUDE COMPENSATION FOR SERVICES RENDERED TO BOTH ORGANIZATIONS. THE USC DEVELOPMENT FOUNDATION AND ITS SUBSIDIARIES PROVIDE THE USC EDUCATIONAL FOUNDATION WITH A LUMP SUM ALLOCATION TOWARDS PERSONNEL EXPENSES. WENDI BRAZELL SEE SUPPLEMENT 51500 EMPLOYMENT 0 SCHEDULE L, PART V - ADDITIONAL INFORMATION WENDI BRAZELL IS A FAMILY MEMBER OF SUSAN B. SMITH, A KEY EMPLOYEE OF THE FOUNDATION. X 37 6592357 FMV X 1 216000 FMV 1 0 1 1 PART I, LINE 32B: THIRD PARTY USED TO PROCESS NONCASH CONTRIBUTIONS. THE EDUCATIONAL FOUNDATION HIRES REAL ESTATE AGENTS TO SELL RESIDENTIAL PROPERTIES. SCHEDULE M, PART I, COLUMN B: SECURITIES - PUBLICLY TRADED: 37 CONTRIBUTORS SCHEDULE M, PART I, LINE 15: 1 PIECE OF PROPERTY FORM 990, PART VI, SECTION A, LINE 2 KIMBERLY ELLIOTT AND SUSAN SMITH HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS EMAILED TO EACH BOARD MEMBER PRIOR TO FILING. BOARD MEMBERS ARE REQUESTED TO REVIEW THE FORM AND NOTIFY THE FOUNDATION PRIOR TO THE FORM DUE DATE IF THEY HAVE ANY COMMENTS OR CORRECTIONS TO THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION'S CONFLICT OF INTEREST POLICY IS DISTRIBUTED ANNUALLY TO BOARD MEMBERS ELECTRONICALLY. ATTACHED TO THE COPY OF THE CONFLICT OF INTEREST POLICY IS A SIGNATURE FORM FOR EACH BOARD MEMBER TO DIGITALLY SIGN AND INDICATE THAT THEY HAVE READ, AND COMPLIED WITH, THE FOUNDATION'S CONFLICT OF INTEREST POLICY FOR THE YEAR. THE SIGNATURE FORMS ARE COLLECTED AND KEPT BY THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, LINE 15A - COMPENSATION PROCESS FOR TOP OFFICIAL THE TOP OFFICER'S COMPENSATION IS DETERMINED BASED ON PERFORMANCE AND BOARD REVIEWS. THE SALARY IS DERIVED FROM COMPARABLE INDUSTRY DATA AND ACHIEVEMENT OF PERFORMANCE STANDARDS ESTABLISHED AT THE BEGINNING OF EACH FISCAL YEAR. FORM 990, PART VI, LINE 15B - COMPENSATION PROCESS FOR OFFICERS COMPENSATION FOR OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION IS BASED ON PERFORMANCE AND BOARD REVIEWS. THE SALARY IS DERIVED FROM COMPARABLE INDUSTRY DATA AND ACHIEVEMENT OF PERFORMANCE STANDARDS ESTABLISHED AT THE BEGINNING OF EACH FISCAL YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH THE FOUNDATION'S WEBSITE AND UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGES IN PLEDGES RECEIVABLE -3,104,925. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. THE MARK CATESBY CENTRE LLC 1027 BARNWELL STREET COLUMBIA SC 29208 576017985 EDUCATION & PROMOTION SC 4 USC EF USC DEVELOPMENT FOUNDATION 1027 BARNWELL STREET COLUMBIA SC 29208 576026593 DEVELOPMENT SC 501(C)(3) LINE 12C, III-FI N/A 0 CHARITABLE REMAINDER UNITRUST (4) 1027 BARNWELL STREET COLUMBIA SC 29208 CHARITABLE SC N/A T 0 USCINNOVATION LLC 1027 BARNWELL STREET COLUMBIA SC 29208 465676518 DEVELOPMENT SC USCDF C 0 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1