2024-03-12T10:56:46-05:00 2023-06-30 440160260 FORVIS LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2022-07-01 570555699 UNIVERSITY OF SOUTH CAROLINA UPSTATE FOUNDATION UNIV 8645037417 800 UNIVERSITY WAY SPARTANBURG SC 29303 RJ GIMBL EXECUTIVE DIRECTOR 8645037417 2024-03-12 1 RJ GIMBL 999009999 1 AMY BIBBY P00445891 8282542254 2024-02-27 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RJ GIMBL 800 UNIVERSITY WAY SPARTANBURG SC 29303 2883891 0 X N/A X 1973 SC ORGANIZATION ESTABLISHED TO OPERATE AS A PERMANENT FOUNDATION TO ACCEPT GIFTS FOR CHARITABLE, BENEVOLENT, CULTURAL, AND EDUCATIONAL PURPOSED FOR THE EXCLUSIVE USE AND BENEFIT OF THE UNIVERSITY OF SOUTH CAROLINA UPSTATE. 18 18 0 18 0 0 2554960 1153546 0 0 176690 -167095 170263 172004 2901913 1158455 1122220 1491677 0 0 0 0 0 0 7037 501408 395260 1623628 1886937 1278285 -728482 16823621 17481798 401177 383021 16422444 17098777 ORGANIZATION ESTABLISHED TO OPERATE AS A PERMANENT FOUNDATION TO ACCEPT GIFTS FOR CHARITABLE, BENEVOLENT, CULTURAL, AND EDUCATIONAL PURPOSED FOR THE EXCLUSIVE USE AND BENEFIT OF THE UNIVERSITY OF SOUTH CAROLINA UPSTATE. 0 0 1563181 1491677 THE FOUNDATION PROVIDES FINANCIAL SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF SOUTH CAROLINA UPSTATE. THE SUPPORT PROVIDED TO THE UNIVERSITY PURCHASES ART, EQUIPMENT, AND SUPPLIES, FUNDS A VARIETY OF STUDENT SCHOLARSHIPS, IT HELPS SEND STUDENTS ABROAD FOR INTERNATIONAL EXPERIENCES AND PAYS FOR PERFORMANCES, EVENTS, AND STUDENT ACTIVITIES. THE FOUNDATION ENABLES USC UPSTATE TO SUPPORT THEIR METROPOLITAN MISSION. 1563181 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 1 0 0 0 0 0 0 1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X THE ORGANIZATION 8645037417 800 UNIVERSITY WAY SPARTANBURG SC 29303 ANN ANGERMEIER VICE CHAIR 1.00 X X 0 0 0 AVI LAWRENCE TREASURER 1.00 X X 0 0 0 JUDY BYNUM BOARD MEMBER 1.00 X 0 0 0 KAREN CALHOUN BOARD MEMBER 1.00 X 0 0 0 CRAIG HAYDAMACK SECRETARY 1.00 X X 0 0 0 DAVID MILLER BOARD MEMBER 1.00 X 0 0 0 JEFFREY BROWN BOARD MEMBER 1.00 X 0 0 0 SUZY COLE BOARD MEMBER 1.00 X 0 0 0 CHARLES HODGE BOARD MEMBER 1.00 X 0 0 0 CLAUDIA RUFFN BOARD MEMBER 1.00 X 0 0 0 PHIL FEISAL BOARD MEMBER 1.00 X 0 0 0 C TODD HORNE CHAIR 1.00 X X 0 0 0 VANESSA MERHIB BOARD MEMBER 1.00 X 0 0 0 IRV WELLING BOARD MEMBER 1.00 X 0 0 0 TOM YOUNG BOARD MEMBER 1.00 X 0 0 0 RJ GIMBL EXECUTIVE DIRECTOR 8.00 32.00 X 0 101662 32027 0 101662 32027 0 0 0 0 0 32500 1121046 1153546 364134 364134 1150000 1681229 -531229 -531229 -531229 58332 32500 44207 14125 14125 ADMINISTRATIVE FEE 900099 138651 138651 MISCELLANEOUS INCOME 900099 19228 19228 157879 1158455 0 0 4909 1491677 1491677 138651 138651 22342 22342 89398 89398 3800 3800 2522 2522 35940 14375 14528 7037 46583 46583 2172 2172 360 360 5492 5492 SETTLEMENT PAYOUT 48000 48000 1886937 1563181 316719 7037 120851 150427 1350500 97500 257791 294140 14813215 16667764 281264 271967 16823621 17481798 41256 20000 175000 194820 184921 168201 401177 383021 X 809550 1618842 15612894 15479935 16422444 17098777 16823621 17481798 X -728482 1397391 7424 X X 0 1 X 1 0 X 2121843 870521 833561 2447943 1093754 7367622 2121843 870521 833561 2447943 1093754 7367622 1376108 5991514 201939 211423 218107 346764 364134 1342367 131455 165036 152169 221015 669675 9379664 0.63880 0.61230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12638063 88334 -37656 12688741 13615144 1412361 -2389442 12638063 10908977 111395 2594772 13615144 11081291 159074 -331388 10908977 8828733 1813673 438885 11081291 1.00000 0 0 0 UBS INVESTMENTS 16667764 C 16667764 LIABILITY UNDER CHARITABLE REMAINDER TRUST 168201 168201 X 2641445 1397391 167573 7424 1572388 1069057 89398 89398 1158455 1965112 167573 167573 1797539 89398 89398 1886937 PART V, LINE 4: THE ENDOWMENT FUNDS ARE FOR SCHOLARSHIPS, PROFESSORSHIPS, AND OTHER ACADEMIC RELATED ACTIVITIES. 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 - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES CHANGE IN VALUE OF REMAINDER TRUST 7,424. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES ATHLETICS AUCTION 66262 11000 55262 8869 5500 12608 ATHLETICS GOLF TOURNEY 24570 21500 3070 2114 15116 90832 32500 58332 10983 5500 27724 44207 14125 1 UNIVERSITY OF SOUTH CAROLINA UPSTATE 800 UNIVERSITY WAY SPARTANBURG SC 29303 576001153 GOVERNMENT 1491677 0 EDUCATIONAL AND ATHLETIC SUPPORT 1 0 PART I, LINE 2: THE FOUNDATION RECEIVES MONTHLY AND PERIODIC REPORTS FROM THE UNIVERSITY OF SOUTH CAROLINA UPSTATE REGARDING THE USE OF FUNDS GIVEN FOR ASSISTANCE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT AND EACH MEMBER OF THE BOARD IS PROVIDED A COPY FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C UNDER THE TERMS OF THE CONFLICT OF INTEREST POLIICY BOARD MUST IDENTIFY ANY POTENTIAL CONFLICTS DURING DISCUSSION ITEMS. NOTE IS MADE OF ANY EXISTING CONFLICTS AND THOSE BOARD MEMBERS MUST RECUSE THEMSELVES FROM VOTING OR DISCUSSING A MATTER WHICH MAY PRESENT A CONFLICT OF INTEREST. THIS IS MONITORED BY THE BOARD ADMINISTRATOR AND CEO OF THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S SALARY IS DETERMINED BY THE UNIVERSITY OF SOUTH CAROLINA UPSTATE UNDER THE GUIDELINES ESTABLISHED BY THE UNIVERSITY OF SOUTH CAROLINA. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES COPIES OF THE FORM 990 AVAILABLE UPON REQUEST. IN ADDITION, RECENT FILINGS OF THE FORM 990 ARE AVAILABLE ON GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, 501C3 DETERMINATION LETTER, FEES POLICY, BYLAWS, AND FINANCIAL STATEMENT AVAILABLE UPON REQUEST AND ON ITS WEBSITE HTTPS://WWW.USCUPSTATE.EDU/FOUNDATION. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF REMAINDER TRUSTS 7,424. FORM 990 PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. UNIVERSITY OF SOUTH CAROLINA UPSTATE 800 UNIVERSITY WAY SPARTANBURG SC 29303 576001153 HIGHER EDUCATION SC 501(C)(3) LINE 2 N/A 0 USC UPSTATE CAPITAL DEVELOPMENT FOUNDATION INC 800 UNIVERSITY WAY SPARTANBURG SC 29303 300696406 SUPPORTING ORGANIZATION SC 501(C)(3) LINE 12A, I UNIVERSITY OF SOUTH CAROLINA UPSTATE FOUNDATION INC 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0