2026-02-17T14:49:03-06:00 2025-06-30 392519050 ELLIOTT DAVIS ADVISORY LLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2024-07-01 237042391 UNIVERSITY OF SOUTH CAROLINA BUSINESS PARTNERSHIP FOUNDATION UNIV 8037770233 1014 GREENE STREET COLUMBIA SC 29208 DAVID F PARKER VICE PRESIDENT 8037770233 2026-02-17 1 1 JANICE A RATICA P00358837 7043338881 2026-02-17 2024 2025-03-06 01:10:19Z DAVID F PARKER 1014 GREENE STREET COLUMBIA SC 29208 24531907 0 X NOT APPLICABLE X 1969 SC TO ESTABLISH CONTINUING PARTNERSHIP BETWEEN THE UNIVERSITY OF SOUTH CAROLINA AND THE BUSINESS COMMUNITY FOR THE ENHANCEMENT AND IMPROVEMENT OF THE DARLA MOORE SCHOOL OF BUSINESS. TO SOLICIT AND RECEIVE GIFTS SUBJECT TO CONDITIONS IMPOSED THEREON FOR THE BENEFIT OF THE DARLA MOORE SCHOOL OF BUSINESS. TO BUILD AN ENDOWMENT FUND AND SUPERVISE ITS CREATIVE MANAGEMENT. TO ASSIST IN DETERMINING APPROPRIATE PROJECTS AND TO BE FINANCED WITH FUNDS RAISED. TO ENCOURAGE AND ASSIST IN SUPPORTING RESEARCH IN BUSINESS AND ECONOMIC PROBLEMS. TO ASSIST IN CONDUCTING CONFERENCES FOR EDUCATION AND DEVELOPMENT OF MANAGEMENT PERSONNEL WORLDWIDE. 14 14 21 50 0 0 5882425 5968772 4124047 4702973 9403334 6576947 14426 48045 19424232 17296737 4699785 5171361 0 0 3521492 4337531 0 0 0 5378608 6045981 13599885 15554873 5824347 1741864 159371587 173203251 1661139 946834 157710448 172256417 X TO BUILD AN ENDOWMENT FUND AND SUPERVISE ITS CREATIVE MANAGEMENT. TO ASSIST IN DETERMINING APPROPRIATE PROJECTS AND TO BE FINANCED WITH FUNDS RAISED. TO ENCOURAGE AND ASSIST IN SUPPORTING RESEARCH IN BUSINESS AND ECONOMIC PROBLEMS. TO ASSIST IN CONDUCTING CONFERENCES FOR EDUCATION AND DEVELOPMENT OF MANAGEMENT PERSONNEL WORLDWIDE. 0 0 4597806 4702973 CONTINUING EDUCATION: CONTINUING EDUCATION AND EDUCATIONAL PROGRAMS ACTIVITIES SEEK TO PROVIDE WORLD-CLASS BUSINESS EDUCATION TAILORED TO THE NEEDS OF OUR CUSTOMERS, BUILD CLOSER RELATIONSHIPS WITH KEY CORPORATE SUPPORTERS OF THE DARLA MOORE SCHOOL OF BUSINESS, AND TO RECRUIT AND RETAIN TOP FACULTY BY PROVIDING PROFESSIONAL DEVELOPMENT OPPORTUNITIES. THE EDUCATIONAL PROGRAMS EQUIP BUSINESS PROFESSIONALS WITH KNOWLEDGE AND SKILLS TO BETTER PERFORM THEIR JOBS AND DEVELOP MANAGERS TO LEAD MORE EFFECTIVELY. 2902201 1239942 ACADEMIC SUPPORT: THE FOUNDATION PROVIDES DEPARTMENTS WITH THE RESOURCES NEEDED TO ENGAGE IN BUSINESS RESEARCH, RECRUIT AND RETAIN FACULTY, HOST VISITING PROFESSORS, FUND DISTINGUISHED CHAIRS, AND ENGAGE IN OTHER INITIATIVES DESIGNED TO ENHANCE THE EDUCATION AND ACTIVITIES OF THE STUDENTS AS WELL AS THE REPUTATION OF THE DARLA MOORE SCHOOL OF BUSINESS. 3801708 3602696 SCHOLARSHIPS AND STUDENT ASSISTANCE: THE FOUNDATION UTILIZES ENDOWMENTS AND OTHER FUNDS TO PROVIDE SCHOLARSHIPS AND FELLOWSHIPS TO STUDENTS OF THE DARLA MOORE SCHOOL OF BUSINESS IN ORDER TO AWARD HIGH ACHIEVING SCHOLARS AND ATTRACT THEM TO THE SCHOOL, ASSIST FIRST GENERATION STUDENTS AND STUDENTS WITH FINANCIAL NEED IN ACCESSING AN EDUCATION AT THE DARLA MOORE SCHOOL OF BUSINESS, PROVIDE STUDY ABROAD OPPORTUNITIES, AND OTHERWISE SUPPORT STUDENTS BY ENRICHING THEIR COLLEGE EDUCATION AND MAKING IT MORE AFFORDABLE. 3059627 328723 EXTERNAL RELATIONS: THE FOUNDATION SUPPORTS THE DARLA MOORE SCHOOL OF BUSINESS IN CONDUCTING CONFERENCES, SEMINARS, AND MANAGEMENT PROGRAMS TO FURTHER THE EDUCATION, DEVELOPMENT AND EFFECTIVENESS OF BUSINESS PROFESSIONALS AND SCHOLARS WORLDWIDE. ENGAGES ALUMNI OF THE DARLA MOORE SCHOOL OF BUSINESS THROUGH EVENTS, LEADERSHIP RECOGNITION AWARDS, AND THROUGH THE CREATION OF A BOARD OF ADVISORS TO THE FOUNDATION. EXTERNAL RELATIONS PROGRAMS ALSO FOCUS ON OUTREACH TO THE BUSINESS COMMUNITY TO STRENGTHEN AND EXPAND PARTNERSHIPS FOR THE BENEFIT OF THE DARLA MOORE SCHOOL OF BUSINESS THROUGH THE BOARD OF TRUSTEES AND BOARD OF ADVISORS. 3059627 328723 14361342 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 X 128 0 21 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X DAVID F PARKER 8037775107 1014 GREENE STREET COLUMBIA SC 29208 X DAVID PARKER TREASURER/VICE PRESIDENT (NON VOTING) 40.00 X 182120 0 45328 SUSAN COTTER CHIEF EXTERNAL RELATIONS OFFICER 40.00 X 194637 0 23559 JEAN E DUKE SECRETARY/PRESIDENT (NONVOTING) 40.00 X 179142 0 31106 MARK CECCHINI PRESIDENT - CORPORATE SOLUTIONS 40.00 X 147231 0 11908 ELIZABETH TUCKER DIRECTOR OF BUSINESS OPERATIONS 40.00 X 123319 0 26907 DEVIN DAVIDSON DIRECTOR OF ACCOUNTING 40.00 X 123880 0 21174 TREY ACKERMAN TRUSTEE 1.00 X 0 0 0 THE HONORABLE JAMES H HODGES TRUSTEE 1.00 X 0 0 0 CARLTON B DALLAS TRUSTEE 1.00 X 0 0 0 STEVE H GRIMSHAW TRUSTEE 1.00 X 0 0 0 ROSE BUYCK NEWTON TRUSTEE 1.00 X 0 0 0 LORI HAIR TRUSTEE 1.00 X 0 0 0 MICHAEL BRENAN TRUSTEE 1.00 X 0 0 0 WALTER B TODD TRUSTEE 1.00 X 0 0 0 JOHN M FLORENCE JR TRUSTEE 1.00 X 0 0 0 LLOYD E JOHNSON TRUSTEE 1.00 X 0 0 0 IRIS GRIFFIN TRUSTEE 1.00 X 0 0 0 D ROGER NANNEY CHAIR 1.00 X X 0 0 0 CHARLES W GARNETT IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 BRUCE FELT VICE CHAIR 1.00 X X 0 0 0 950329 0 159982 6 0 1 0 AVEDON ADVISORY LLC 210 QUAKER RD MOORESVILLE NC 28117 ADVISORY SERVICES 227167 BLAIR FLICKER 1014 GREENE STREET COLUMBIA SC 29208 INSTRUCTOR FEES 140000 PALMETTO SHOP LLC 1416 BLUFF RD COLUMBIA SC 29201 MARKETING SERVICES 127896 JBL FINANCIAL SERVICES LLC 2423 BLOSSOM STREET COLUMBIA SC 29205 ADVISORY SERVICES 107730 MARK CECCHINI 1014 GREENE STREET COLUMBIA SC 29208 INSTRUCTOR FEES 107000 10 5968772 398272 5968772 CONTINUING EDUCATION FEES 900099 4702973 4702973 4702973 2744880 2744880 48045 0 48045 48045 48045 11067237 7235170 3832067 3832067 3832067 17296737 4702973 0 6624992 X 5171361 5171361 668817 431442 237375 2853662 2563667 289995 85185 57651 27534 622138 545376 76762 107729 70068 37661 71727 1400 70327 42749 6382 36367 47961 47961 1387843 1187884 199959 894767 892392 2375 275646 227815 47831 184930 163724 21206 305580 284904 20676 778830 778334 496 1448911 1438509 10402 57478 10783 46695 MEMBERSHIP DUES 261693 256185 5508 MISCELLANEOUS 163644 151568 12076 AWARDS AND GIFTS 124222 121897 2325 15554873 14361342 1193531 0 4761082 4751262 141347 672222 966832 1009210 31270 28915 153375097 166641160 95959 100482 159371587 173203251 1661139 946834 1661139 946834 X 77825305 84680714 79885143 87575703 157710448 172256417 159371587 173203251 1741864 12804105 0 X X 0 1 X 1 0 X 4075679 5244423 5631734 5882245 5968772 26802853 4075679 5244423 5631734 5882245 5968772 26802853 0 0 0 26802853 1796877 1507666 1862193 2296459 2837357 10300552 1796877 1507666 1862193 2296459 2837357 10300552 5872556 6752089 7493927 8178704 8806129 37103405 0.72240 0.71210 0.27760 0.28750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 141354947 1492203 19239030 6986104 155100076 125000169 1765142 19687461 5097825 141354947 111123789 1701639 15696604 3521863 125000169 134027846 506560 -21486515 1924102 111123789 99003221 1111898 37046448 3133721 134027846 0.46450 0.27080 0.26470 0 0 0 ALTERNATIVE INVESTMENTS 15288859 F EQUITY AND STOCK MUTUAL FUNDS 116311476 F FIXED INCOME MUTAL FUNDS 32484009 F POOLED MONEY FUNDS 676174 F UNPOOLED STOCKS 1880642 F 166641160 X 30100842 12804105 12804105 17296737 0 17296737 15554873 0 15554873 0 15554873 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 200 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE FOR THE YEARS ENDED JUNE 30, 2025 AND 2024. 1 UNIVERSITY OF SOUTH CAROLINA 1014 GREENE STREET COLUMBIA SC 29208 576001153 SECTION 115I 5171361 0 SUPPORT THE DARLA MOORE BUSINESS SCHOOL 1 0 PART I, LINE 2: THE INITIATIVES OF THE UNIVERSITY OF SOUTH CAROLINA BUSINESS PARTNERSHIP FOUNDATION ARE LINKED TO THE STRATEGIC PLAN OF THE UNIVERSITY OF SOUTH CAROLINA AND ARE CONTINUALLY MEASURED AND MONITORED TO ASSURE THE COMMON GOAL OF ENHANCEMENT AND IMPROVEMENT OF THE DARLA MOORE SCHOOL OF BUSINESS. X X X X 0 0 0 0 0 0 0 0 0 DAVID PARKER TREASURER/VICE PRESIDENT (NON VOTING 182120 0 0 0 0 0 11265 0 34063 0 227448 0 0 0 SUSAN COTTER CHIEF EXTERNAL RELATIONS OFFICER 194637 0 0 0 0 0 10368 0 13191 0 218196 0 0 0 JEAN E DUKE SECRETARY/PRESIDENT (NONVOTING) 179142 0 0 0 0 0 10840 0 20266 0 210248 0 0 0 MARK CECCHINI PRESIDENT - CORPORATE SOLUTIONS 147231 0 0 0 0 0 0 0 11908 0 159139 0 0 0 ELIZABETH TUCKER DIRECTOR OF BUSINESS OPERATIONS 123319 0 0 0 0 0 8018 0 18889 0 150226 0 0 0 X 18 398272 STOCK MARKET VALUE 0 0 1 0 FORM 990, PAGE 5, PART V, LINE 2A: NUMBER OF EMPLOYEES DURING CALENDAR YEAR 2024, THE ORGANIZATION FILED 10 FORM W-2'S UNDER ITS OWN EMPLOYER FEDERAL IDENTIFICATION NUMBER. IN ADDITION, THEIR SINGLE MEMBER LLC, CORPORATE SOLUTIONS, FILED 11 FORM W-2'S UNDER THEIR SEPARATE EMPLOYER FEDERAL IDENTIFICATION NUMBER. THE ORGANIZATION ALSO REIMBURSED THE UNIVERSITY OF SOUTH CAROLINA FOR THE COMPENSATION AND BENEFITS OF CERTAIN INDIVIDUALS UNDER THE AFFILIATION AGREEMENT. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR, VICE CHAIR, CHAIR OF THE FINANCE COMMITTEE, CHAIR OF THE GOVERNANCE COMMITTEE AND UP TO ONE OTHER TRUSTEE APPOINTED BY THE CHAIR AND APPROVED BY THE BOARD. THE DEAN OF THE DARLA MOORE SCHOOL OF BUSINESS SHALL SERVE ON THE EXECUTIVE COMMITTEE, EX OFFICIO, IN A NON-VOTING CAPACITY. THE CHAIR OF THE EXECUTIVE COMMITTEE SHALL AT ALL TIMES BE THE CHAIR. THE EXECUTIVE COMMITTEE SHALL SUPERVISE THE BUSINESS OF THE FOUNDATION, ASSIST IN THE DEVELOPMENT AND IMPLEMENTATION OF THE POLICIES OF THE FOUNDATION, AND MANAGE THE GOVERNANCE AND ADMINISTRATION OF ALL SUBSIDIARIES OF THE FOUNDATION, INCLUDING CORPORATE SOLUTIONS, LLC, WITH THE ABILITY TO DELEGATE SUCH AUTHORITY TO ONE OR MORE PERSONS OR COMMITTEES. IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD, THE EXECUTIVE COMMITTEE IS EMPOWERED AND HAS THE AUTHORITY TO TAKE ANY AND ALL ACTION TO MAKE ANY DECISION AS OTHERWISE PERMITTED BY THE BOARD AT ANY REGULAR AND SPECIAL MEETING, EXCEPT FOR THE DECISIONS TO AMENDMENTS AND DISSOLUTION, AND WITH REGARD TO THE REMOVAL, ELECTION, OR APPOINTMENT OF ANY OFFICER OR TRUSTEE, ALL OF WHICH ACTIONS AND DECISION BEING RESERVED SOLELY FOR THE ACTION OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL REPORT ON THE ACTIONS AND DECISIONS THAT IT TAKES TO THE BOARD IN A TIMELY MANNER. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION UTILIZES AN EXTERNAL AUDIT AND TAX FIRM TO PREPARE THE FORM 990. THE VICE PRESIDENT EMAILS A COPY OF THE FORM 990 TO ALL TRUSTEES AND THE AUDIT COMMITTEE PRIOR TO FILING THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REVIEWS AND ACKNOWLEDGES THE CONFLICTS OF INTEREST POLICY ON AN ANNUAL BASIS. IN THE EVENT A POTENTIAL CONFLICT ARISES DURING THE YEAR, THE INTERESTED PERSON SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE ORGANIZATION DATA IS REVIEWED BY THE EXECUTIVE COMMITTEE IN DETERMINING APPROPRIATE COMPENSATION FOR THE PRESIDENT AND ALL KEY EMPLOYEES OF THE BUSINESS PARTNERSHIP FOUNDATION. ALL COMPENSATION RECOMMENDATIONS ARE REVIEWED AND APPROVED BY THE ORGANIZATION'S FINANCE COMMITTEE AND BOARD OF TRUSTEES. THE DECISION IS DOCUMENTED IN THE BOARD MINUTES VIA THE APPROVAL OF THE FISCAL YEAR'S BUDGET. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE ON ITS WEBSITE AND ALSO UPON WRITTEN REQUEST. FORM 990, PAGE 7, PART VII: COMPENSATION SOURCES THE COMPENSATION REPORTED IN SECTION A, LINE 1A, COLUMN D IS COMPRISED OF THE FOLLOWING THREE SOURCES: (1) BOX 5 OF FORM W-2 AS FILED BY THE ORGANIZATION (BUSINESS PARTNERSHIP FOUNDATION), (2) BOX 5 OF FORM W-2 AS FILED BY THE ORGANIZATION'S SINGLE MEMBER LLC, CORPORATE SOLUTIONS, UNDER THEIR SEPARATE EMPLOYER IDENTIFICATION NUMBER, (3) THE ALLOCABLE PORTION OF BOX 5 OF FORM W-2 AS FILED BY THE UNIVERSITY OF SOUTH CAROLINA WHICH WAS PAID BY THE ORGANIZATION UNDER AN AFFILIATION AGREEMENT, AND (4) BOX 1 OF FORM 1099-NEC AS FILED BY THE ORGANIZATION (BUSINESS PARTNERSHIP FOUNDATION). COLUMN F IS COMPRISED OF THE NONTAXABLE BENEFITS REMITTED ON BEHALF OF THE EMPLOYEES FROM ONE OF THE SOURCES ABOVE. FORM 990, PAGE 10, PART IX, LINE 7; OTHER SALARIES AND WAGES SALARIES AND WAGES ARE COMPRISED OF PROGRAM SERVICE EXPENSES, INCLUDING EXECUTIVE EDUCATION COURSES AND THE DARLA MOORE SCHOOL OF BUSINESS CENTER ACTIVITIES, AND OPERATION COSTS OF BUSINESS PARTNERSHIP FOUNDATION. A PORTION OF THESE EXPENSES ARE REIMBURSED TO UNIVERSITY OF SOUTH CAROLINA UNDER THE AFFILIATION AGREEMENT. CORPORATE SOLUTIONS LLC 1014 GREENE STREET COLUMBIA SC 29208 462668105 TO FURTHER THE EXEMPT PURPOSES AND OBJECTIVES OF USC-BPF SC 5193008 3812908 UNIVERSITY OF SC BUSINESS PARTNERSHIP FOUNDATION