2024-05-13T09:46:37-05:00 2023-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 110 EAST COURT STREET SUITE 500 GREENVILLE SC 29601 990 2022-07-01 570933257 CLEMSON UNIVERSITY REAL ESTATE FOUNDATION INC CLEM 8646561289 PO BOX 1889 CLEMSON SC 296331889 M KAREN MCCAULEY PRESIDENT & CEO 8646561289 2024-05-08 1 M KAREN MCCAULEY 999009999 1 AMY DOSIK P00890743 8642333981 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z M KAREN MCCAULEY 155 OLD GVILLE HWY 105 CLEMSON SC 29631 1547089 0 X CLEMSON.EDU/GIVING/CUFOUNDATIONS/STRUCTURE/CUREF/ X 1990 SC THE CLEMSON UNIVERSITY REAL ESTATE FOUNDATION RECEIVES AND STEWARDS GIFTS OF REAL ESTATE. THE PROCEEDS FROM THE LIQUIDATION OF THESE REAL ESTATE ASSETS ARE DISTRIBUTED TO CLEMSON UNIVERSITY OR THE CLEMSON UNIVERSITY FOUNDATION IN SUPPORT OF THE ORGANIZATION'S MISSION AND THE DONOR'S GIFT PURPOSE. 9 9 0 9 0 0 5777 0 0 0 -1443 -167 0 6089 4334 5922 377557 1297481 0 0 0 0 0 0 0 38166 29989 415723 1327470 -411389 -1321548 2502269 1043727 240023 103029 2262246 940698 X THE CLEMSON UNIVERSITY REAL ESTATE FOUNDATION SEEKS TO ACCOMPLISH FOUR GOALS FOR CLEMSON UNIVERSITY: ADVANCE THE UNIVERSITY THROUGH GIFTS OF REAL ESTATE AND PROPERTY; SERVE AS THE EFFICIENT CONDUIT THROUGH WHICH GIFTS OF REAL ESTATE AND PROPERTY ARE RECEIVED AND LIQUIDATED; PARTICIPATE IN THE STEWARDSHIP OF REAL ESTATE IN SUPPORT OF CLEMSON UNIVERSITY; AND ASSIST AND ADVISE ANY COLLEGE OR DEPARTMENT WHICH INCLUDES A CONCENTRATION IN REAL ESTATE AS PART OF ITS ACADEMIC OFFERINGS. 0 0 1327470 1297481 RECEIPT AND SALE OF REAL ESTATE - ACTIVITIES SURROUNDING COLLABORATION WITH THE DEVELOPMENT STAFF AND DONORS IN GIFTS OF REAL ESTATE AND THE SUBSEQUENT MARKETING AND SELLING OF SUCH GIFTS. FURTHER ENSURING THE NET PROCEEDS ARE TRANSFERRED TO THE CLEMSON UNIVERSITY FOUNDATION FOR MANAGEMENT IN SUPPORT OF THE ORGANIZATION'S MISSION AND THE DONOR'S INTENDED PURPOSE. 1327470 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 SC X X LISA MARCUS DIRECTOR ARO 8646561873 391 COLLEGE AVENUE NO 302 CLEMSON SC 29634 STEPHEN F HUTCHINSON CHAIR 2.00 1.00 X 0 0 0 CHRISTOPHER J PERRI VICE CHAIR 2.00 1.00 X 0 0 0 GEORGE J BULLWINKEL III DIRECTOR 1.00 1.00 X 0 0 0 DAVID E DUKES DIRECTOR 1.00 1.00 X 0 0 0 DANIEL B PATTILLO JR DIRECTOR 1.00 1.00 X 0 0 0 MARK S RICHARDSON DIRECTOR 1.00 1.00 X 0 0 0 WILLIAM C SMITH JR DIRECTOR 1.00 1.00 X 0 0 0 F BOGUE WALLIN DIRECTOR 1.00 1.00 X 0 0 0 JONATHON P WEITZ DIRECTOR 1.00 1.00 X 0 0 0 APRIL S PURVIS SECRETARY 1.00 1.00 X 0 0 0 JASON M PRZYBYLA ASSISTANT SECRETARY/TREASURER 8.00 24.50 X 0 51992 17600 M KAREN MCCAULEY PRESIDENT & CEO 2.00 3.00 X 0 0 0 ALICE C EVATT TREASURER THRU 4/1/23 1.00 2.00 X 0 0 0 REGINA STEELE TREASURER FROM 4/1/23 1.00 3.00 X 0 0 0 0 51992 17600 0 0 0 0 0 1541000 1541167 -167 -167 -167 LIFE ESTATE ACCRETION REVENUE 900099 6089 6089 6089 5922 0 0 5922 1297481 1297481 4900 4900 240 240 TAXES & HOA FEES 24849 24849 1327470 1327470 0 0 2500 1560 1042167 0 2499769 1042167 2502269 1043727 240023 103029 240023 103029 X 2262246 940698 2262246 940698 2502269 1043727 -1321548 0 X 0 1 X 1 0 X X 2 CLEMSON UNIVERSITY 576000254 6 1 0 0 CLEMSON UNIVERSITY FOUNDATION 570426335 5 1 1297481 0 2 1297481 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 674309 674309 367858 367858 1042167 DUE TO CLEMSON UNIV. FOUNDATION 103029 103029 X 5922 0 5922 0 5922 1327470 0 1327470 0 1327470 PART X, LINE 2: THE FOUNDATION IS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX ON RELATED INCOME UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE ("IRC") AND DESCRIBED AS AN ORGANIZATION IN SECTION 501(C)(3) OF THE IRC. ACCORDINGLY, ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 513 OF THE IRC, IS SUBJECT TO FEDERAL INCOME TAX. 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, 2023 AND 2022 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. 1 CLEMSON UNIVERSITY FOUNDATION PO BOX 1889 CLEMSON SC 296331889 570426335 501(C)(3) 1297481 0 TO SUPPORT THE CLEMSON UNIVERSITY FOUNDATION MISSION OF SUPPORTING THE EDUCATIONAL MISSION OF CLEMSON UNIVERSITY 1 0 PART I, LINE 2: THE CLEMSON UNIVERSITY REAL ESTATE FOUNDATION ONLY MAKES GRANTS TO ITS SUPPORTED ORGANIZATIONS. THE CLOSE RELATIONSHIP BETWEEN THE ORGANIZATIONS SERVES TO MONITOR THE USE OF THE FUNDS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES OF CLEMSON UNIVERSITY SHALL APPOINT THREE APPOINTED DIRECTORS, ONE OF WHICH SHALL BE THE CURRENT SITTING TRUSTEE CHAIR OF THE CLEMSON UNIVERSITY LAND AND CAPITAL ASSET STEWARDSHIP COMMITTEE, SHOULD SUCH A COMMITTEE BE IN PLACE; AND THE CLEMSON UNIVERSITY FOUNDATION SHALL APPOINT TWO APPOINTED DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS SENT TO ALL BOARD MEMBERS FOR REVIEW AND COMMENT PRIOR TO FILING. IT IS DISCUSSED AND REVIEWED IN DEPTH BY THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND OFFICERS ARE REQUIRED TO ANNUALLY COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT DISCLOSING ANY INTERESTS WHICH MAY BE CONSIDERED AS A CONFLICT RELATIVE TO BUSINESS DEALINGS OR BOARD ACTIONS. THESE ANNUAL STATEMENTS ARE REVIEWED AND ANY CONFLICTS ACKNOWLEDGED. IN THE EVENT OF A CONFLICT, THE INDIVIDUAL INVOLVED WILL ABSTAIN FROM BOARD ACTIONS WHERE CONFLICTS ARE DEEMED TO BE PRESENT. REVIEW OF ANY POTENTIALLY CONFLICTED BUSINESS DEALINGS IS PERFORMED TO ENSURE APPROPRIATENESS AND 'ARM'S LENGTH' NEGOTIATIONS AND PRICING. FORM 990, PART VI, SECTION B, LINE 15 CLEMSON UNIVERSITY REAL ESTATE FOUNDATION HAS NO EMPLOYEES. COMPENSATION OF THE CEO AND OTHER OFFICERS IS DETERMINED BY THE HUMAN RESOURCES COMMITTEE OF THE BOARD OF DIRECTORS OF THE CLEMSON UNIVERSITY FOUNDATION. THIS PROCESS INCLUDES AN ANALYSIS OF COMPARABLE POSITION DATA AT SIMILAR INSTITUTIONS AND CONSIDERATION OF THE STANDARDIZED CLASSIFICATION AND COMPENSATION PROCESS FOR THESE POSITIONS AS DETERMINED BY CLEMSON UNIVERSITY'S OFFICE OF HUMAN RESOURCES UNDER THE ESTABLISHED GUIDELINES OF THE STATE OF SOUTH CAROLINA. THE PROCESS IS DOCUMENTED, AND ACTIONS MEMORIALIZED AS A PART OF THE PERMANENT MINUTES OF BOTH THE CLEMSON UNIVERSITY FOUNDATION HUMAN RESOURCES COMMITTEE AND THE FULL BOARD OF DIRECTORS. CLEMSON UNIVERSITY REAL ESTATE FOUNDATION IS CONSULTED ANNUALLY REGARDING CEO AND OFFICER PERFORMANCE AND IS INFORMED OF AND RATIFIES ANY COMPENSATION CHANGES. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S WEBSITE IS (HTTPS://WWW.CLEMSON.EDU/GIVING/CUFOUNDATIONS/STRUCTURE/CUREF/). THIS WEBSITE DISPLAYS LINKS TO GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, IRS FORM 990 AND THE CONFLICT OF INTEREST POLICY. CLEMSON UNIVERSITY 391 COLLEGE AVE SUITE 302 CLEMSON SC 29634 576000254 RESEARCH UNIVERSITY; EDUCATION SC 170(C)(1) N/A 0 CLEMSON UNIVERSITY LAND STEWARDSHIP FOUNDATION INC PO BOX 1889 CLEMSON SC 296331889 274127041 TO RECEIVE, HOLD, DEVELOP, MANAGE, OR SELL REAL ESTATE FOR CLEMSON UNIV. SC 501(C)(3) LINE 12A, I CLEMSON UNIVERSITY AND CLEMSON UNIVERSITY FOUNDATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0