Form990
Click to see attachment
Department of the TreasuryInternal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private
foundations)
MediumBullet Do not enter social security numbers on this form as it may be made public.
MediumBullet Information about Form 990 and its instructions is at www.IRS.gov/form990.
OMB No. 1545-0047
2015
Open to Public Inspection
A For the 2015 calendar year, or tax year beginning 07-01-2015 , and ending 06-30-2016
BCheck if applicable:
CName of organization
COLLEGE OF CHARLESTON FOUNDATION
 
 
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
66 GEORGE STREET
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHARLESTON, SC29424
D Employer identification number

23-7069236
E Telephone number

G Gross receipts $ 23,761,650
F Name and address of principal officer:
DEBYE ALDERMAN
66 GEORGE STREET
CHARLESTON,SC29424
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
GIVING.COFC.EDU/FOUNDATION
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:  
L Year of formation: 1970
M State of legal domicile: SC
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: TO PROMOTE EDUCATION, RESEARCH, AND DEVELOPMENT PROGRAMS TO BENEFIT THE COLLEGE OF CHARLESTON
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 31
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 31
5 Total number of individuals employed in calendar year 2015 (Part V, line 2a) ...... 5 6
6 Total number of volunteers (estimate if necessary) ............. 6 41
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 0
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b -21,046
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 10,998,272 13,535,830
9 Program service revenue (Part VIII, line 2g) ......... 0 0
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 1,173,302 849,072
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 1,102,500 1,359,330
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 13,274,074 15,744,232
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 4,177,887 5,398,249
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 2,716,374 2,470,347
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet1,370,009    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 5,739,634 4,413,665
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 12,633,895 12,282,261
19 Revenue less expenses. Subtract line 18 from line 12....... 640,179 3,461,971
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 104,788,472 106,409,325
21 Total liabilities (Part X, line 26)............. 2,403,685 2,312,763
22 Net assets or fund balances. Subtract line 21 from line 20..... 102,384,787 104,096,562
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name MediumBullet
Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2015)
Form 990 (2015)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III ..............
1
Briefly describe the organization’s mission: THE MISSION OF THE COLLEGE OF CHARLESTON FOUNDATION IS TO PROMOTE PROGRAMS OF EDUCATION, RESEARCH, STUDENT DEVELOPMENT, AND FACULTY DEVELOPMENT FOR THE EXCLUSIVE BENEFIT OF THE COLLEGE OF CHARLESTON.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? .....................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ...........................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 6,497,154 including grants of $ 5,110,282 ) (Revenue $   )
SEE SCHEDULE O FOR A COMPLETE DESCRIPTION OF OUR ACCOMPLISHMENTSFACULTY AND PROGRAM ENRICHMENT THE FOUNDATION PROVIDED FUNDS IN SUPPORT OF THE FOLLOWING AT THE COLLEGE OF CHARLESTON DURING FISCAL YEAR 2015-2016: SCHOLARSHIPS, ACADEMIC PROGRAMS, FACULTY ENHANCEMENTS, OPERATIONS FUND FOR EXPERIENTIAL LEARNING OPPORTUNITIES AND VARIOUS OTHER INITIATIVES. THE MOST SIGNIFICANT NEWS IN THE FISCAL YEAR IS THE CONCLUSION OF THE 7-YEAR BOUNDLESS CAMPAIGN. WITH THE CULMINATION OF BOUNDLESS: THE CAMPAIGN FOR THE COLLEGE OF CHARLESTON AT MIDNIGHT ON JUNE 30, THE COLLEGE RECEIVED A COLLECTIVE VOTE OF CONFIDENCE FROM NEARLY 24,000 DONORS AND SURPASSED THE CAMPAIGN GOAL OF $125 MILLION - AN UNPRECEDENTED MILESTONE IN THE COLLEGE'S 246-YEAR HISTORY. THE BOUNDLESS CAMPAIGN BEGAN IN OCTOBER 2009 WITH THE GOAL OF SHAPING THE COLLEGE'S NEXT ERA OF DISTINCTION. WITH SIGNIFICANT ACHIEVEMENTS IN MANY OF THE CAMPAIGN'S FIVE STRATEGIC PRIORITIES - SCHOLARSHIPS, WORLD-CLASS FACULTY, ACADEMIC/CAMPUS LIFE PROGRAMS, STATE-OF-THE-ART FACILITIES AND ANNUAL GIVING - BOUNDLESS HAS ENDED ON A HIGH NOTE.A FEW DISTINCTIONS OF THE COLLEGE'S SCHOOLS AND PROGRAMS DURING THE YEAR, WHICH ATTEST TO THE CALIBER OF OUR EDUCATIONAL EXPERIENCE AND OUR STUDENTS INCLUDE:HONORS COLLEGE:-STEVE AND EMILY SWANSON, WHO ESTABLISHED THE SWANSON SCHOLARS PROGRAM, INSPIRED OTHERS TO PARTICIPATE IN THE BOUNDLESS CAMPAIGN BY PLEDGING AN ADDITIONAL $1 MILLION DOLLAR COMMITMENT TO CHALLENGE DONORS TO SUPPORT ENDOWED SCHOLARSHIPS IN THE HONORS COLLEGE. THIS EXTRAORDINARY GESTURE RESULTED IN 43 DONORS PLEDGING MORE THAN $1 MILLION TO ENDOWED SCHOLARSHIPS IN THE HONORS COLLEGE, SURPASSING THE GOAL OF THE CHALLENGE. SCHOOL OF SCIENCES AND MATHEMATICS:-MACE BROWN ENHANCED THE ORIGINAL COLLECTION OF FOSSILS IN THE MACE BROWN MUSEUM OF NATURAL HISTORY WITH AN ADDITIONAL IN-KIND COLLECTION OF FOSSILS VALUED AT $973,000. -THE COLLEGE OF CHARLESTON HAS BEEN RECOGNIZED BY THE AMERICAN INSTITUTE OF PHYSICS FOR BEING AMONG A SELECT GROUP OF UNIVERSITIES IN THE UNITED STATES THAT GRADUATE A LARGE NUMBER OF PHYSICS MAJORS. THE LIST HONORED SCHOOLS THAT OFFERED ONLY BACHELOR DEGREE LEVEL COURSES IN PHYSICS. WITH 13 PHYSICS MAJORS, THE COLLEGE WAS THE ONLY PUBLIC COLLEGE IN SOUTH CAROLINA TO MAKE THE LIST.-THREE COLLEGE OF CHARLESTON PROFESSORS BENEFITED FROM AN $18 MILLION IDEA NETWORK OF BIOMEDICAL RESEARCH EXCELLENCE GRANT DESIGNED TO BOOST THE PALMETTO STATE'S BIOMEDICAL RESEARCH CAPACITY. THE AWARD FROM THE NATIONAL INSTITUTES OF HEALTH IS ADMINISTERED BY THE UNIVERSITY OF SOUTH CAROLINA AND IS SHARED BETWEEN 13 UNIVERSITIES IN SOUTH CAROLINA. AT LEAST 72 PROFESSORS AND 200 STUDENTS ACROSS SOUTH CAROLINA ARE ESTIMATED TO RECEIVE SUPPORT. THE COLLEGE'S JIM DEAVOR, ASSOCIATE DEAN OF THE SCHOOL OF SCIENCES & MATHEMATICS, RECEIVES $100,000 A YEAR FOR FIVE YEARS TO SUPPORT THE BIOMEDICAL SUMMER UNDERGRADUATE RESEARCH PROGRAM (BSURE) THAT PAIRS STUDENTS WITH COFC FACULTY MENTORS. THE GRANT WILL SUPPORT APPROXIMATELY 12 UNDERGRADUATES PERFORMING SUMMERTIME BIOMEDICAL RESEARCH IN AREAS THAT INCLUDE BIOCHEMISTRY, CHEMICAL BIOLOGY, GENETICS, MOLECULAR BIOLOGY, NEUROSCIENCE, AND ORGANIC CHEMISTRY. DEVELOPMENTAL RESEARCH GRANTS WERE ALSO MADE TO CHRISTINE BYRUM, ASSOCIATE PROFESSOR OF BIOLOGY, AND RENAUD GESLAIN, ASSISTANT PROFESSOR OF BIOLOGY, TO FUND THEIR BIOMEDICAL RESEARCH PROGRAMS FOR UP TO THREE YEARS. THE SUPPORT WILL PROVIDE THEM WITH MONEY FOR EQUIPMENT, SUPPLIES, TRAVEL EXPENSES, AND SALARIES IN THE SUMMER FOR THEM AND TWO UNDERGRADUATE STUDENTS.SCHOOL OF HUMANITIES AND SOCIAL SCIENCES:-THE BOEING COMPANY HAS PROVIDED OVER $250,000TO THE COFC-BASED, STATEWIDE, MULTI-AGENCY BOEING FARM-TO-SCHOOL INITIATIVE, LED BY PROFESSOR OLIVIA THOMPSON. THE INITIATIVE FOCUSES ON FIVE KEY COMPONENTS: WORKFORCE DEVELOPMENT FOR EDUCATORS, WORKFORCE DEVELOPMENT FOR SCHOOL NUTRITION STAFF, EDUCATION AND TRAINING FOR FAMILIES, WORKFORCE DEVELOPMENT FOR FARMERS AND FOOD SYSTEMS LEADERS, AND SUPPLY CHAIN INFRASTRUCTURE AND MANAGEMENT.-MICHAEL LEE, AN ASSOCIATE PROFESSOR OF COMMUNICATION IN THE DEPARTMENT OF COMMUNICATION, WAS RECOGNIZED BY THE NATIONAL COMMUNICATION ASSOCIATION FOR HIS BOOK ON THE DEVELOPMENT OF CONSERVATIVE POLITICAL THOUGHT IN POST-WORLD WAR II AMERICA. LEE'S BOOK, "CREATING CONSERVATISM: POSTWAR WORDS THAT MADE AN AMERICAN MOVEMENT," WAS AWARDED THE ASSOCIATION'S 2015 DIAMOND ANNIVERSARY BOOK AWARD, THE 2015 JAMES A. WINANS AND HERBERT A. WICHELNS MEMORIAL AWARD FOR DISTINGUISHED SCHOLARSHIP IN RHETORIC AND PUBLIC ADDRESS, AND THE 2015 KOHRS-CAMPBELL PRIZE IN RHETORICAL CRITICISM.-THE DEPARTMENT OF RELIGIOUS STUDIES WAS AWARDED A GRANT OF $30,000 FROM THE WABASH CENTER TO ENHANCE THE STUDENT ACADEMIC EXPERIENCE. THE MISSION OF THE WABASH CENTER FOR TEACHING AND LEARNING IN THEOLOGY AND RELIGION IS TO ENHANCE AND STRENGTHEN EDUCATION IN NORTH AMERICAN THEOLOGICAL SCHOOLS, COLLEGES AND UNIVERSITIES.SCHOOL OF BUSINESS:-ARGUS SOFTWARE, INC. CONTRIBUTED A SECOND IN-KIND GIFT TO THE CARTER REAL ESTATE CENTER TO ASSIST STUDENTS IN BEING READY TO WORK ONCE THEY GRADUATE. THIS SECOND GIFT IS VALUED AT NEARLY $1.2 MILLION. ARGUS SOFTWARE IS THE INDUSTRY "GOLD STANDARD" FOR DEALING IN COMMERCIAL REAL ESTATE.-BETTY BEATTY DOUBLED HER ANNUAL SUPPORT OF THE GUY AND BETTY BEATTY SCHOLARSHIP WITH A GIFT OF $200,000 TO COMMEMORATE THE 20TH ANNIVERSARY OF THE BEATTY BUNCH SCHOLARS. -SUSI BEATTY PROVIDED A LEADING COMMITMENT OF $125,000 TO SUPPORT THE STUDENT ADVANCEMENT CENTER INITIATIVE. SHE WAS INSPIRED TO INVEST IN THE STUDENT ADVANCEMENT CENTER BECAUSE OF HER SERVICE ON THE BUSINESS SCHOOL'S BOARD OF GOVERNORS AND ITS FOCUS ON THAT INITIATIVE DURING THE FINAL YEAR OF THE BOUNDLESS CAMPAIGN. -CHARLES DANA ALSO SUPPORTED THE STUDENT ADVANCEMENT CENTER WITH A COMMITMENT OF $170,000. THE CENTER WAS ESTABLISHED TO HELP BUSINESS STUDENTS PREPARE FOR SUCCESS IN THEIR CAREERS AFTER GRADUATION.-THE WELLS FARGO FOUNDATION AWARDED THE COLLEGE OF CHARLESTON A GRANT OF $100,000 THAT IS PURPOSED TO GROW THE WELLS FARGO BUSINESS SCHOLARSHIP. CREATED BY THE BANK IN 1998, THE WELLS FARGO BUSINESS SCHOLARSHIP ANNUALLY SUPPORTS TWO STUDENTS MAJORING IN THE COLLEGE'S SCHOOL OF BUSINESS WHO ARE PLANNING TO PURSUE CAREERS IN FINANCE OR BANKING UPON RECEIVING THEIR DEGREES.SCHOOL OF EDUCATION, HEALTH, AND HUMAN PERFORMANCE:-THE SOEHHP HAS COLLABORATED WITH CHUCKTOWN SQUASH TO PROVIDE BOTH ATHLETIC TRAINING AND COMMUNITY SERVICE TO YOUTH FROM CHARLESTON'S TITLE 1 ELEMENTARY, MIDDLE AND HIGH SCHOOLS. THIS UNIQUE AFTER SCHOOL PROGRAM GIVES UNDERGRADUATE STUDENTS THE OPPORTUNITY TO BE ROLE MODELS FOR LOCAL YOUTH FROM DIVERSE BACKGROUNDS, HELPING THEM DEVELOP CRUCIAL LIFE SKILLS AND EXPOSING THEM TO THE IMPACT COLLEGE CAN HAVE ON THEIR LIVES. THE COLLEGE RAISED $500,000 IN COMMITMENTS TO RENOVATE THE F. MITCHELL JOHNSON PHYSICAL EDUCATION CENTER FOR A NEW SQUASH CENTER THAT CAN ADEQUATELY SERVE THE UNDERGRADUATE STUDENTS, THE NATIONALLY RANKED CLUB SQUASH TEAM (IN THE TOP 50 CLUBS IN THE COUNTRY), FACULTY AND STAFF. WITH FIVE INTERNATIONAL STANDARD COURTS, AN ENHANCED SQUASH FACILITY WILL REACH A DIVERSE AUDIENCE, SERVING MORE YOUTH FROM THE CHARLESTON COMMUNITY, INCLUDING HIGH-ACHIEVING MINORITY STUDENTS, AND WILL ALSO PROVIDE HOSTING OPPORTUNITIES FOR THE NATIONAL SQUASH NETWORK.
4b (Code:   ) (Expenses $ 3,685,312 including grants of $ 287,967 ) (Revenue $   )
SEE SCHEDULE O FOR A COMPLETE DESCRIPTION OF OUR ACCOMPLISHMENTSSCHOLARSHIPS AND AWARDSTHE FOUNDATION PROVIDED $3,397,345 IN FINANCIAL AID TO SUPPORT STUDENTS AT THE COLLEGE OF CHARLESTON. THIS FINANCIAL AID INCLUDES ACADEMIC, MERIT, AND TRAVEL ABROAD SCHOLARSHIP FUNDING. IN ADDITION, $287,967 WAS PROVIDED IN ACADEMIC AND MERIT ACHIEVEMENT AWARDS. 1,386 STUDENTS WERE BENEFICIARIES OF THE FINANCIAL AID AND ACADEMIC/MERIT ACHIEVEMENT AWARDS.
4c (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet10,182,466
Form 990 (2015)
Form 990 (2015)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule AClick to see attachment.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? Click to see attachment...
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I.............
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II..............
4
 
No
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C, Part III.................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part IClick to see attachment..................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete Schedule D, Part III Click to see attachment.............
8
Yes
 
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part VClick to see attachment......
10
Yes
 
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If "Yes," complete Schedule D, Part VI.Click to see attachment...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment.......
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIIClick to see attachment.......
11c
Yes
 
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part XClick to see attachment
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If "Yes," complete Schedule D, Parts XI and XII Click to see attachment.................
12a
Yes
 
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States? .....
14a
Yes
 
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........Click to see attachment
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....Click to see attachment
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...Click to see attachment
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I (see instructions) ....Click to see attachment
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............ Click to see attachment
18
Yes
 
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................Click to see attachment
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
Form 990 (2015)
Form 990 (2015)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.....Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........Click to see attachment
22
Yes
 
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............
24c
 
 
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I............
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I ...................
25b
 
No
26
Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If "Yes," complete Schedule L, Part II ................
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part III.........
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L,
Part IV ........................
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV.....................
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV...
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..Click to see attachment
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .............Click to see attachment
30
Yes
 
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I.
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II ...........
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I ........Click to see attachment
33
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................Click to see attachment
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
 
No
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...
35b
 
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2............. Click to see attachment
36
Yes
 
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VIClick to see attachment
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2015)
Form 990 (2015)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
201
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
6
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
 
No
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
 
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................
7a
Yes
 
b
If "Yes," did the organization notify the donor of the value of the goods or services provided? .....
7b
Yes
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................
7c
 
No
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds.
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? .........................
8
 
 
9a
Did the sponsoring organization make any taxable distributions under section 4966?...
9a
 
 
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
Form 990 (2015)
Form 990 (2015)
Page 6
Part VI
Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI ..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
1a
31
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent
1b
31
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ...........................
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .......................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule O how this was done...................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
Yes
 
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
Yes
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
SC
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBulletDEBYE ALDERMAN66 GEORGE ST   CHARLESTON,SC29424 (843) 953-7458
Form 990 (2015)
Form 990 (2015)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII ..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) THEODORE HOWIE JR......................................................................
DIRECTOR
 1.00
.................
  		X           0 0 0
(2) JAMES F HIGHTOWER......................................................................
DIRECTOR
 1.00
.................
  		X           0 0 0
(3) AMY L HEYEL......................................................................
DIRECTOR
 1.00
.................
  		X           0 0 0
(4) FLEETWOOD S HASSELL......................................................................
DIRECTOR
 1.00
.................
  		X           0 0 0
(5) LISA BURBAGE......................................................................
DIRECTOR
 1.00
.................
  		X           0 0 0
(6) JOHN CARTER JR......................................................................
DIRECTOR
 1.00
.................
  		X           0 0 0
(7) ARTHUR J HEATH......................................................................
SECRETARY
 1.00
.................
  		X   X       0 0 0
(8) STEPHEN R KERRIGAN......................................................................
TREASURER
 1.00
.................
  		X   X       0 0 0
(9) SHARON B KINGMAN......................................................................
DIRECTOR
 1.00
.................
  		X           0 0 0
(10) PEGGY BOYKIN......................................................................
DIRECTOR
 1.00
.................
  		X           0 0 0
(11) WILLIAM GLEN BROWN JR......................................................................
DIRECTOR
 1.00
.................
  		X           0 0 0
(12) MARCO L E CAVAZZONI......................................................................
DIRECTOR
 1.00
.................
  		X           0 0 0
(13) SCOTT A CRACRAFT......................................................................
DIRECTOR
 1.00
.................
  		X           0 0 0
(14) DIANNE M CULHANE......................................................................
DIRECTOR
 1.00
.................
  		X           0 0 0
(15) DR NEIL W DRAISIN......................................................................
DIRECTOR
 1.00
.................
  		X           0 0 0
(16) JEFFREY E KINARD......................................................................
VICE CHAIRMAN
 1.00
.................
  		X   X       0 0 0
(17) HILTON C SMITH JR......................................................................
CHAIRMAN
 1.00
.................
  		X   X       0 0 0
Form 990 (2015)
Form 990 (2015)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) REBA KINNE HUGE........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(19) JEAN W JOHNSON........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(20) BRADFORD MARSHALL........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(21) STEVE SWANSON........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(22) H CHAPMAN MCKAY........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(23) JUSTIN R MCLAIN........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(24) DR CHARLES S MOSTELLER........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(25) D SHERWOOD MILER III........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(26) DANIEL RAVENEL........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(27) R KEITH SAULS........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(28) DR SAM STAFFORD III........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(29) CHLOE KNIGHT TONNEY........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(30) W DIXON WOODWARD........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(31) TOMI G YOUNGBLOOD........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(32) CHRISTOPHER FRASER UNTIL MAY 2016........................................................................
DIRECTOR
 1.00
.......................   		X           0 0 0
(33) GEORGE P WATT JR........................................................................
EVP COFC/EXEC DIR OF FOUND
 20.00
.......................20.00 		    X       96,807 201,808 1,131
(34) DEBYE ALDERMAN........................................................................
DIRECTOR OF FINANCIAL SERV
 20.00
.......................20.00 		    X       10,000 94,383 890
(35) GLENN MCCONNELL........................................................................
PRESIDENT OF COFC
 20.00
.......................20.00 		      X     112,000 188,000 0
(36) ALAN SHAO........................................................................
DEAN, SCHOOL OF BUS. COFC
 10.00
.......................30.00 		        X   61,800 249,680 3,022
(37) GEORGE P BENSON........................................................................
FORMER PRESIDENT OF COFC, DIRECTOR OF DEVELOPMENT
 20.00
.......................20.00 		          X 176,770 149,154 14,613
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)...........MediumBullet 457,377 883,025 19,656
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet2
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
Yes
 
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
ARAMARK

66 GEORGE STREET
CHARLESTON,SC29424 		CATERING SERVICES 305,360
LASERPERFORMANCE LLC

200 HIGHPOINT AVENUE
PORTSMOUTH,RI02871 		WATERCRAFT 210,330
BB&T FINANCIAL FSB

151 MEETING STREET
CHARLESTON,SC29401 		BANKING & FINANCIAL SERVICES 134,365
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet3
Form 990 (2015)
Form 990 (2015)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII .............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512-514
Contributions, Gifts, GrantAmt and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues..1b  
c Fundraising events..1c 78,291
d Related organizations1d  
e Government grants (contributions)1e  
f All other contributions, gifts, grants, and similar amounts not included above1f 13,457,539
g Noncash contributions included in lines 1a-1f:$ 3,129,866
h Total.Add lines 1a-1f.......MediumBullet 13,535,830
Program Service RevenueAmt Business Code
2a
b
c
d
e
f All other program service revenue.        
g Total.Add lines 2a–2f.....MediumBullet  
OtherAmt RevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ..........MediumBullet 791,080     791,080
4 Income from investment of tax-exempt bond proceedsMediumBullet        
5 Royalties...........MediumBullet        
(ii) Personal (i) Real
6a Gross rents   894,999
b Less: rental expenses   0
c Rental income or (loss)   894,999
d Net rental income or (loss)......MediumBullet 894,999     894,999
(ii) Other (i) Securities
7a Gross amount from sales of assets other than inventory 50,400 7,954,425
b Less: cost or other basis and sales expenses 23,037 7,923,796
c Gain or (loss) 27,363 30,629
d Net gain or (loss).....MediumBullet 57,992     57,992
8a Gross income from fundraising events (not including $ 78,291of contributions reported on line 1c). See Part IV, line 18 ....
a 92,382
b Less: direct expenses ...b 70,436
c Net income or (loss) from fundraising events..MediumBullet 21,946   21,946
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities..MediumBullet        
10a Gross sales of inventory, less
returns and allowances ..
a  
b Less: cost of goods sold ..b 149
c Net income or (loss) from sales of inventory..MediumBullet -149     -149
Business Code Miscellaneous Revenue
11a OTHER REVENUE 900099 435,734     435,734
b LICENSE TAG INCOME 900099 6,800     6,800
c            
d All other revenue ....        
e Total. Add lines 11a–11d ...... MediumBullet 442,534
12 Total revenue. See Instructions......MediumBullet 15,744,232 0 0 2,208,402
Form 990 (2015)
Form 990 (2015)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX ..............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 5,110,282 5,110,282
2 Grants and other assistance to individuals in the United States. See Part IV, line 22 287,967 287,967
3 Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16    
4 Benefits paid to or for members    
5 Compensation of current officers, directors, trustees, and key employees .... 218,807 112,000 58,404 48,403
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....        
7 Other salaries and wages 1,815,189 947,671 167,591 699,927
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....        
9 Other employee benefits ....... 362,016 188,603 40,223 133,190
10 Payroll taxes ........... 74,335 38,727 8,259 27,349
11 Fees for services (non-employees):        
a Management ......        
b Legal ......... 8,013   7,453 560
c Accounting ...........        
d Lobbying ...........        
e Professional fundraising services. See Part IV, line 17    
f Investment management fees ...... 33,945   5,566 28,379
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 571,818 495,376 46,313 30,129
12 Advertising and promotion .... 77,013 67,473 4,510 5,030
13 Office expenses ....... 1,925,533 1,678,780 68,861 177,892
14 Information technology ...... 38,524   21,461 17,063
15 Royalties ..        
16 Occupancy ........... 201,927 5,401 196,526  
17 Travel ............ 458,414 362,732 17,858 77,824
18 Payments of travel or entertainment expenses for any federal, state, or local public officials .        
19 Conferences, conventions, and meetings .... 716,072 595,565 15,738 104,769
20 Interest ...........        
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization .. 304,384 254,360 43,130 6,894
23 Insurance ... 18,139   18,139  
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a STUDENT DEVELOPMENT 26,703 26,703    
b PROFESSIONAL DEVELOPMEN 19,654   7,413 12,241
c RECRUITMENT 12,618 10,826 1,433 359
d UBI TAX 908   908  
e All other expenses        
25 Total functional expenses. Add lines 1 through 24e 12,282,261 10,182,466 729,786 1,370,009
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2015)
Form 990 (2015)
Page 11
Part X
Balance Sheet
Check if Schedule O contains a response or note to any line in this Part IX ..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ........ 874,136 1 205,419
2 Savings and temporary cash investments ......... 197,530 2  
3 Pledges and grants receivable, net ...... 8,120,825 3 9,026,325
4 Accounts receivable, net ............. 68,632 4 61,858
5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L
  5  
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
  6  
7 Notes and loans receivable, net ....   7  
8 Inventories for sale or use ........ 27,701 8 26,767
9 Prepaid expenses and deferred charges ...... 126,058 9 181,540
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 10,186,809
b Less: accumulated depreciation 10b 3,727,269 6,153,817 10c 6,459,540
11 Investments—publicly traded securities . 17,278,242 11 18,220,822
12 Investments—other securities. See Part IV, line 11 ..... 63,861,264 12 63,215,975
13 Investments—program-related. See Part IV, line 11 .. 7,693,400 13 8,743,162
14 Intangible assets ...............   14  
15 Other assets. See Part IV, line 11 ........... 386,867 15 267,917
16 Total assets. Add lines 1 through 15 (must equal line 34)... 104,788,472 16 106,409,325
Liabilities 17 Accounts payable and accrued expenses ..... 127,955 17 94,498
18 Grants payable ... 1,289,251 18 1,170,981
19 Deferred revenue ......... 170,175 19 119,682
20 Tax-exempt bond liabilities .........   20  
21 Escrow or custodial account liability. Complete Part IV of Schedule D   21  
22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L..   22  
23 Secured mortgages and notes payable to unrelated third parties ..   23  
24 Unsecured notes and loans payable to unrelated third parties ..   24  
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D 816,304 25 927,602
26 Total liabilities. Add lines 17 through 25.. 2,403,685 26 2,312,763
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets 9,762,235 27 8,988,274
28 Temporarily restricted net assets ........... 55,371,087 28 54,357,479
29 Permanently restricted net assets 37,251,465 29 40,750,809
Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds .....   30  
31 Paid-in or capital surplus, or land, building or equipment fund ...   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ........... 102,384,787 33 104,096,562
34 Total liabilities and net assets/fund balances ........ 104,788,472 34 106,409,325
Form 990 (2015)
Form 990 (2015)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI ..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
15,744,232
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
12,282,261
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
3,461,971
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
102,384,787
5
Net unrealized gains (losses) on investments ...............
5
-2,031,035
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
280,839
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
104,096,562
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII .............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?
3a
 
No
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
 
 
Form 990 (2015)
Form 990 (2015)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ.
right arrow Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public
Inspection
Name of the organization
COLLEGE OF CHARLESTON FOUNDATION
 
Employer identification number

23-7069236
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4


5
6
7
8
9
10
11
a
b
c
d
e
f
Enter the number of supported organizations ..............  

g
Provide the following information about the supported organization(s).
(i)Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 9 above (see instructions)) (iv) Is the organization listed in your governing document? (v) Amount of monetary support (see instructions) (vi) Amount of other support (see instructions)
Yes No
Total      

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2015

Schedule A (Form 990 or 990-EZ) 2015
Page 2
Part II
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2011 (b) 2012 (c) 2013 (d) 2014 (e) 2015 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any unusual grants.) .... 10,798,661 13,638,385 10,051,722 10,998,272 13,535,830 59,022,870
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3 10,798,661 13,638,385 10,051,722 10,998,272 13,535,830 59,022,870
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. 3,109,051
6 Public support. Subtract line 5 from line 4. 55,913,819
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2011 (b) 2012 (c) 2013 (d) 2014 (e) 2015 (f) Total
7 Amounts from line 4.. 10,798,661 13,638,385 10,051,722 10,998,272 13,535,830 59,022,870
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... 2,935,407 2,933,022 6,226,831 2,011,285 1,686,079 15,792,624
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. 648,464 284,895 241,113 292,214 442,534 1,909,220
11 Total support. Add lines 7 through 10. 76,724,714
12
12
15,954
13
First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here........................................right arrow
Section C. Computation of Public Support Percentage
14
14
72.880 %
15
15
72.550 %
16a
b
17a
b
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990 or 990-EZ) 2015

Schedule A (Form 990 or 990-EZ) 2015
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2011 (b) 2012 (c) 2013 (d) 2014 (e) 2015 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......            
3 Gross receipts from activities that are not an unrelated trade or business under section 513...            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge..            
6 Total. Add lines 1 through 5.            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public support. (Subtract line 7c from line 6.)  
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2011 (b) 2012 (c) 2013 (d) 2014 (e) 2015 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..            
13 Total support. (Add lines 9, 10c, 11, and 12.)..            
14
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
b
20
Schedule A (Form 990 or 990-EZ) 2015

Schedule A (Form 990 or 990-EZ) 2015
Page 4
Part IV
Supporting Organizations
(Complete only if you checked a box on line 11 of Part I. If you checked 11a of Part I, complete Sections A and B. If you checked 11b of Part I, complete Sections A and C. If you checked 11c of Part I, complete Sections A, D, and E. If you checked 11d of Part I, complete Sections A and D, and complete Part V.)
Section A. All Supporting Organizations
Yes
No
1
Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.
1
 
 
2
Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).
2
 
 
3a
Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.
3a
 
 
b
Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.
3b
 
 
c
Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.
3c
 
 
4a
Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 11a or 11b in Part I, answer (b) and (c) below.
4a
 
 
b
Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.
4b
 
 
c
Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.
4c
 
 
5a
Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).
5a
 
 
b
Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?
5b
 
 
c
Substitutions only. Was the substitution the result of an event beyond the organization's control?
5c
 
 
6
Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.
6
 
 
7
Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ) .
7
 
 
8
Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ).
8
 
 
9a
Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.
9a
 
 
b
Did one or more disqualified persons (as defined in line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.
9b
 
 
c
Did a disqualified person (as defined in line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.
9c
 
 
10a
Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.
10a
 
 
b
Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).
10b
 
 
Schedule A (Form 990 or 990-EZ) 2015

Schedule A (Form 990 or 990-EZ) 2015
Page 5
Part IV
Supporting Organizations (continued)
Yes
No
11
Has the organization accepted a gift or contribution from any of the following persons?
a
A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization?
11a
 
 
b
A family member of a person described in (a) above?
11b
 
 
c
A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI.
11c
 
 
Section B. Type I Supporting Organizations
Yes
No
1
Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.
1
 
 
2
Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.
2
 
 
Section C. Type II Supporting Organizations
Yes
No
1
Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).
1
 
 
Section D. All Type III Supporting Organizations
Yes
No
1
Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?
1
 
 
2
Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).
2
 
 
3
By reason of the relationship described in (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.
3
 
 
Section E. Type III Functionally-Integrated Supporting Organizations
1
Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):
a
b
c
2
Activities Test. Answer (a) and (b) below.
Yes
No
a
Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.
2a
 
 
b
Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.
2b
 
 
3
Parent of Supported Organizations. Answer (a) and (b) below.
a
Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI.
3a
 
 
b
Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.
3b
 
 
Schedule A (Form 990 or 990-EZ) 2015

Schedule A (Form 990 or 990-EZ) 2015
Page 6
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations
1
Section A - Adjusted Net Income (A) Prior Year (B) Current Year
(optional)
1 Net short-term capital gain 1    
2 Recoveries of prior-year distributions 2    
3 Other gross income (see instructions) 3    
4 Add lines 1 through 3 4    
5 Depreciation and depletion 5    
6 Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) 6    
7 Other expenses (see instructions) 7    
8 Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) 8    

Section B - Minimum Asset Amount (A) Prior Year (B) Current Year
(optional)
1 Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): 1
a Average monthly value of securities 1a    
b Average monthly cash balances 1b    
c Fair market value of other non-exempt-use assets 1c    
d Total (add lines 1a, 1b, and 1c) 1d    
e Discount claimed for blockage or other factors
(explain in detail in Part VI):  
2 Acquisition indebtedness applicable to non-exempt use assets 2    
3 Subtract line 2 from line 1d 3    
4 Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). 4    
5 Net value of non-exempt-use assets (subtract line 4 from line 3) 5    
6 Multiply line 5 by .035 6    
7 Recoveries of prior-year distributions 7    
8 Minimum Asset Amount (add line 7 to line 6) 8    

Section C - Distributable Amount Current Year
1 Adjusted net income for prior year (from Section A, line 8, Column A) 1  
2 Enter 85% of line 1 2  
3 Minimum asset amount for prior year (from Section B, line 8, Column A) 3  
4 Enter greater of line 2 or line 3 4  
5 Income tax imposed in prior year 5  
6 Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) 6  
7
Schedule A (Form 990 or 990-EZ) 2015

Schedule A (Form 990 or 990-EZ) 2015
Page 7
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations (continued)
Section D - Distributions Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes  
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in
excess of income from activity		  
3 Administrative expenses paid to accomplish exempt purposes of supported organizations  
4 Amounts paid to acquire exempt-use assets  
5 Qualified set-aside amounts (prior IRS approval required)  
6 Other distributions (describe in Part VI). See instructions  
7Total annual distributions. Add lines 1 through 6.  
8 Distributions to attentive supported organizations to which the organization is responsive (provide
details in Part VI). See instructions		  
9 Distributable amount for 2015 from Section C, line 6  
10 Line 8 amount divided by Line 9 amount  

Section E - Distribution Allocations (see instructions) (i)
Excess Distributions 		(ii)
Underdistributions
Pre-2015 		(iii)
Distributable
Amount for 2015
1 Distributable amount for 2015 from Section C, line
6 		 
2 Underdistributions, if any, for years prior to 2015
(reasonable cause required--see instructions)		  
3 Excess distributions carryover, if any, to 2015:
a
b
c
d From 2013.......  
e From 2014.......  
fTotal of lines 3a through e  
g Applied to underdistributions of prior years  
h Applied to 2015 distributable amount  
i Carryover from 2010 not applied (see
instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.  
4Distributions for 2015 from Section D, line 7:
$  
a Applied to underdistributions of prior years  
b Applied to 2015 distributable amount  
c Remainder. Subtract lines 4a and 4b from 4.  
5 Remaining underdistributions for years prior to
2015, if any. Subtract lines 3g and 4a from line 2
(if amount greater than zero, see instructions)		  
6 Remaining underdistributions for 2015. Subtract
lines 3h and 4b from line 1 (if amount greater than
zero, see instructions)		  
7 Excess distributions carryover to 2016. Add lines
3j and 4c.		  
8 Breakdown of line 7:
a
b
c Excess from 2013.......  
d From 2014.......  
e From 2015.......  
Schedule A (Form 990 or 990-EZ) (2015)

Schedule A (Form 990 or 990-EZ) 2015
Page 8
Part VI
Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Return Reference Explanation
Schedule A (Form 990 or 990-EZ) 2015


Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Name of the organization
COLLEGE OF CHARLESTON FOUNDATION
 
Employer identification number

23-7069236
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ





Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
Name of organization
COLLEGE OF CHARLESTON FOUNDATION
  		Employer identification number
23-7069236
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
 
 

   
 
 
  ,    

$ RESTRICTED


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
Page 3
Name of organization
COLLEGE OF CHARLESTON FOUNDATION
  		Employer identification number

23-7069236
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No.from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a)
No.from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a)
No.from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a)
No.from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a)
No.from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a)
No.from Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
Page 4
Name of organization
COLLEGE OF CHARLESTON FOUNDATION
  		Employer identification number

23-7069236
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No.from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No.from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No.from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No.from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Additional Data


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SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet Attach to Form 990.
Information about Schedule D (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public Inspection
Name of the organization
COLLEGE OF CHARLESTON FOUNDATION
 
Employer identification number

23-7069236
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year ....    
2 Aggregate value of contributions to (during year)    
3 Aggregate value of grants from (during year)    
4 Aggregate value at end of year ....    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ...........
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ............................
Part II
Conservation Easements. Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ...................... 2a  
b Total acreage restricted by conservation easements .................... 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............
6
Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenue included on Form 990, Part VIII, line 1 .........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ...............................SchDMd Bullet $ 8,743,162
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:
a
Revenue included on Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2015

Schedule D (Form 990) 2015
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b If "Yes," explain the arrangement in Part XIII and complete the following table: Amount
c Beginning balance ............................. 1c  
d Additions during the year ............................ 1d  
e Distributions during the year .......................... 1e  
f Ending balance ................................ 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability?
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ........
Part V
Endowment Funds. Complete if the organization answered "Yes" on Form 990, Part IV, line 10.
(a)Current year (b)Prior year (c)Two years back (d)Three years back (e)Four years back
1a Beginning of year balance .... 55,207,742 54,697,754 66,287,689 60,043,987 56,176,452
b Contributions ... 3,044,325 1,840,136 3,311,743 1,450,147 5,314,300
c Net investment earnings, gains, and losses -79,057 1,012,339 7,220,441 7,205,832 824,827
d Grants or scholarships ...          
e Other expenditures for facilities
and programs ... 		2,264,775 2,342,487 3,552,899 2,412,277 2,271,592
f Administrative expenses ....          
g End of year balance ...... 55,908,235 55,207,742 73,266,974 66,287,689 60,043,987
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet2.490 %
b
Permanent endowment SchDMd Bullet72.890 %
c
Temporarily restricted endowment SchDMd Bullet24.620 %
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations .................
3a(i)
 
No
(ii) related organizations .................
3a(ii)
 
No
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis
(investment) 		(b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land ...   3,677,104 3,677,104
b Buildings   2,942,306 2,006,246 936,060
c Leasehold improvements   1,048,894 388,781 660,113
d Equipment ...   1,807,255 1,013,259 793,996
e Other ...   711,250 318,983 392,267
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..SchDMdBullet 6,459,540
Schedule D (Form 990) 2015

Schedule D (Form 990) 2015
Page 3
Part VII
Investments—Other Securities. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c)Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
(3)Other
(A) TIFF KEYSTONE FUND 		63,215,975 F
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet 63,215,975
Part VIII
Investments—Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1)COLLECTIONS OF ART AND HISTORICAL TREASURES 8,743,162 C
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet 8,743,162
Part IX
Other Assets. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
(1) Federal income taxes  
ANNUITIES PAYABLE 77,570
LINE OF CREDIT 850,032
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 927,602
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) 2015

Schedule D (Form 990) 2015
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1 13,975,120
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a -2,031,035
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d 233,004
e Add lines 2a through 2d ..................... 2e -1,798,031
3 Subtract line 2e from line 1.................. 3 15,773,151
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a -28,919
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b.................... 4c -28,919
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 15,744,232
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1 12,263,345
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities ......... 2a  
b Prior year adjustments ............ 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ............ 2d 70,436
e Add lines 2a through 2d.................... 2e 70,436
3 Subtract line 2e from line 1................... 3 12,192,909
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a -28,919
b Other (Describe in Part XIII.) ............ 4b 118,271
c Add lines 4a and 4b..................... 4c 89,352
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 12,282,261

Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
PART III, LINE 4: THE COLLEGE OF CHARLESTON FRIENDS OF THE LIBRARY'S MISSION IS TO ADVANCE INTELLECTUAL AND CULTURAL EXCELLENCE ON OUR CAMPUS AND THROUGHOUT THE COMMUNITY. PART OF THAT MISSION INCLUDES ENHANCING THE HOLDINGS IN SPECIAL COLLECTIONS AT THE MARLENE AND NATHAN ADDLESTONE LIBRARY. SPECIAL COLLECTIONS IS COMPRISED OF RARE AND VALUABLE BOOKS, MANUSCRIPTS, AND OTHER COLLECTIBLES THAT SUPPORT RESEARCH BY STUDENTS, FACULTY, AND VISITING SCHOLARS. IN RECENT YEARS, SPECIAL COLLECTIONS STAFF IDENTIFIED SEVERAL SIGNIFICANT TITLES THAT WOULD BE STRATEGIC ACQUISITIONS TO CURRENT COLLECTIONS. THE STAFF WAS ABLE TO SECURE THESE ACQUISITIONS AND TO DATE ALL HAVE BEEN USED BY STUDENTS OR FACULTY FOR RESEARCH PAPERS AS PART OF SEVERAL ACADEMIC COURSES TAUGHT AT THE COLLEGE OF CHARLESTON. THESE ACQUISITIONS WOULD NOT HAVE BEEN POSSIBLE WITHOUT PRIVATE SUPPORT. THE IMPACT OF THESE TITLES ON THE ENTIRE CAMPUS AND THE COMMUNITY IS ENDLESS AND IMMEASURABLE. IN TIME, WITH SUPPORT OF THE FRIENDS OF THE LIBRARY, THE STAFF IN SPECIAL COLLECTIONS HOPES TO CONTINUOUSLY GROW THE COLLECTIONS IN THE SAME MANNER.
PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 450 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED PERPETUAL ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES OF AMERICA, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS.
PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE FOUNDATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2016. FISCAL YEARS ON OR AFTER JUNE 30, 2013 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. CONTRIBUTIONS MADE TO THE FOUNDATION QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 509(A)(1) AND 170(B)(1)(A)(IV) OF THE INTERNAL REVENUE CODE.
PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 130,152. FUNDRAISING EXPENSES INCLUDED IN REVENUE 70,436. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PROMISES TO GIVE 32,416.
PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES INCLUDED IN REVENUE 70,436.
PART XII, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE OF MARINE GENOMICS ENDOWMENT 118,271.
FORM 990, SCHEDULE D, PART V IN 2014, IT WAS DISCOVERED THAT THE TEMPORARILY RESTRICTED ENDOWMENT FUNDS WERE OVERSTATED AND INCLUDED CONTRIBUTION AMOUNTS THAT WERE DONOR DESIGNATED, BUT NOT DESIGNATED BY THE DONOR TO FUNCTION AS A PERMANENT OR TEMPORARILY RESTRICTED ENDOWMENT. DUE TO THE FACT THAT THE TOTAL AMOUNT WITHIN TEMPORARILY RESTRICTED NET ASSETS WILL NOT CHANGE, THE RECLASSIFICATION OF FUNDS IS NOT CONSIDERED A RESTATEMENT.
Schedule D (Form 990) 2015


Additional Data


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SCHEDULE F(Form 990)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right pointing arrow large image Complete if the organization answered "Yes" to Form 990,Part IV, line 14b, 15, or 16.Right pointing arrow large image Attach to Form 990. Right pointing arrow large image See separate instructions.Right pointing arrow large image Information about Schedule F (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public Inspection
Name of the organization
COLLEGE OF CHARLESTON FOUNDATION
 
Employer identification number

23-7069236
Part I
General Information on Activities Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 14b.
1
For grantmakers.Does the organization maintain records to substantiate the amount of its grants and
other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used
to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.
3
Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees, agents, and independent contractors in region (d) Activities conducted in region (by type) (e.g., fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in region		 (f) Total expenditures
for and investments
in region
EUROPE 1 0 PROGRAM SERVICE A PROPERTY IN TRUJILLO, SPAIN, WAS DONATED TO THE COLLEGE OF CHARLESTON FOR USE IN THE STUDY ABROAD PROGRAM. THE PROPERTY IS NOW BEING USED AS THE RESIDENCE FOR THE PROFESSORS INVOLVED IN THIS PROGRAM. THE FOUNDATION'S DUTY IS TO MAINTAIN AND MANAGE THE PROPERTY, SO THAT IT MAY BENEFIT MANY GENERATIONS TO COME. 50,750
           
           
           
           
           
           
           
           
           
           
           
           
           
           
           
           
3a Sub-total ..... 1 0 50,750
b Total from continuation sheets to Part I ... 0 0 0
c Totals (add lines 3a and 3b) 1 0 50,750
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2015
Schedule F (Form 990) 2015
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (a)(c) Region (b)(d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount
of non-cash
assistance 		(h) Description
of non-cash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
2 Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......MediumBullet
 
3 Enter total number of other organizations or entities .......................MediumBullet
 
Schedule F (Form 990) 2015
Schedule F (Form 990) 2015Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 16.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
non-cash
assistance 		(g) Description
of non-cash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) 2015
Schedule F (Form 990) 2015
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes,"the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships. (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713).. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule F (Form 990) 2015
Schedule F (Form 990) 2015
Page 5
Part V
Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information (see instructions).
ReturnReference Explanation
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Schedule F (Form 990) 2015
Additional Data


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SCHEDULE G (Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information Regarding
Fundraising or Gaming Activities
Complete if the organization answered "Yes" on Form 990, Part IV, lines 17, 18, or 19, or if the organization entered more than $15,000 on Form 990-EZ, line 6a. right arrowAttach to Form 990 or Form 990-EZ.
right arrowInformation about Schedule G (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public Inspection
Name of the organization
COLLEGE OF CHARLESTON FOUNDATION
 
Employer identification number

23-7069236
Part I
Fundraising Activities. Complete if the organization answered "Yes" on Form 990, Part IV, line 17.
Form 990-EZ filers are not required to complete this part.
1
Indicate whether the organization raised funds through any of the following activities. Check all that apply.
a e
b f
c g
d
2a
Did the organization have a written or oral agreement with any individual (including officers, directors, trustees
or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?
b
If "Yes," list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization.


(i) Name and address of individual
or entity (fundraiser) 		(ii) Activity (iii) Did fundraiser have custody or control of contributions? (iv) Gross receipts
from activity 		(v) Amount paid to
(or retained by)
fundraiser listed in
col. (i) 		(vi) Amount paid to
(or retained by)
organization
Yes No
             
             
             
             
             
             
             
             
             
             
Total . . . . . . . . . . . . . . . . . . . . right arrow      
3
List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration or licensing.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50083H
Schedule G (Form 990 or 990-EZ) 2015
Schedule G (Form 990 or 990-EZ) 2015
Page 2
Part II
Fundraising Events. Complete if the organization answered "Yes" on Form 990, Part IV, line 18, or reported more than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.




VerticalRevenue
(a) Event #1

SOTA GALA
(event type) 		(b) Event #2

REACH PROGRAM GALA
(event type) 		(c) Other events

 
(total number) 		(d) Total events
(add col. (a) through col. (c))

1
Gross receipts . . . . .
134,888
35,785
 
170,673

2
Less: Contributions . . . .
63,478
14,813
 
78,291
3 Gross income (line 1 minus
line 2) . . . . . .
71,410
20,972
 
92,382



VerticalDirectExpenses
4 Cash prizes . . . . .        
5 Noncash prizes . . . .        
6 Rent/facility costs . . . .        
7 Food and beverages . . .        
8 Entertainment . . . .        
9 Other direct expenses . . . 58,653 11,783   70,436
10 Direct expense summary. Add lines 4 through 9 in column (d) . . . . . . . . . . right arrow 70,436
11 Net income summary. Subtract line 10 from line 3, column (d). . . . . . . . . . right arrow 21,946
Part III
Gaming. Complete if the organization answered "Yes" on Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.
VerticalRevenue
(a) Bingo (b) Pull tabs/Instant
bingo/progressive bingo 		(c) Other gaming (d) Total gaming (add col.(a) through col.(c))

1
Gross revenue . . . . .
 
 
 
 
VerticalDirectExpenses

2
Cash prizes . . . . .
 
 
 
 

3
Noncash prizes . . . .
 
 
 
 

4
Rent/facility costs . . . .
 
 
 
 

5
Other direct expenses . . .
58,653
11,783
 
70,436


6

Volunteer labor . . . .
%
%
%


7
Direct expense summary. Add lines 2 through 5 in column (d) . . . . . . . . . . right arrow
 

8
Net gaming income summary. Subtract line 7 from line 1, column (d). . . . . . . . . right arrow
 

9
Enter the state(s) in which the organization conducts gaming activities:
a
Is the organization licensed to conduct gaming activities in each of these states? . . . . . . . .
b
If "No," explain:
 
10a
Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? . . .
b
If "Yes," explain:
 
Schedule G (Form 990 or 990-EZ) 2015
Schedule G (Form 990 or 990-EZ) 2015
Page 3
11
Does the organization conduct gaming activities with nonmembers? . . . . . . . . . . .
12
Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity
formed to administer charitable gaming? . . . . . . . . . . . . . . . . .
13
Indicate the percentage of gaming activity conducted in:
a
The organization's facility . . . . . . . . . . . . . . . . . .
13a
%
b
An outside facility . . . . . . . . . . . . . . . . . . . .
13b
%
14
Enter the name and address of the person who prepares the organization's gaming/special events books and records:
Name right arrow
Address right arrow
15a
Does the organization have a contract with a third party from whom the organization receives gaming
revenue? . . . . . . . . . . . . . . . . . . . . . . . .
b
If "Yes," enter the amount of gaming revenue received by the organization right arrow $   and the
amount of gaming revenue retained by the third party right arrow $   .
c
If "Yes," enter name and address of the third party:
Name right arrow
Address right arrow
 
 
16
Gaming manager information:
Name right arrow
Gaming manager compensation right arrow $  
Description of services provided right arrow
 
17
Mandatory distributions:
a
Is the organization required under state law to make charitable distributions from the gaming proceeds to
retain the state gaming license? . . . . . . . . . . . . . . . . . . .
b
Enter the amount of distributions required under state law distributed to other exempt organizations or spent
in the organization's own exempt activities during the tax year right arrow$  
Part IV
Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v); and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also complete this part to provide any additional information (see instructions).
Return Reference Explanation
Schedule G (Form 990 or 990-EZ) 2015
Additional Data


Software ID:  
Software Version:  
Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990.
lBullet Information about Schedule I (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public
Inspection
Name of the organization
COLLEGE OF CHARLESTON FOUNDATION
 
Employer identification number
23-7069236
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient
that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance
(1) COLLEGE OF CHARLESTON
66 GEORGE ST
CHARLESTON,SC29424 		57-6000265 IRC 115 4,458,560       COLLEGE OF CHARLESTON: GRANTS PROVIDED TO THE COLLEGE OF CHARLESTON ARE USED TO PROMOTE PROGRAMS OF EDUCATION, RESEARCH, STUDENT DEVELOPMENT, AND FACULTY DEVELOPMENT IN ACCORDANCE WITH THE MISSION STATEMENT OF THE FOUNDATION.
(2) COLLEGE OF CHARLESTON ALUMNI ASSOCIATION
PO BOX 20216
CHARLESTON,SC29413 		57-0760038 501C3 125,000       COLLEGE OF CHARLESTON ALUMNI ASSOCIATION: PER A MEMORANDUM OF UNDERSTANDING (MOU) WITH THE ALUMNI ASSOCIATION OF THE COLLEGE OF CHARLESTON, THE COLLEGE OF CHARLESTON FOUNDATION SHALL PROVIDE AN AGREED UPON AMOUNT OF ANNUAL SUPPORT TO ENHANCE ALUMNI ENGAGEMENT AND PROGRAMS, WITH PAYMENTS DUE AT THE BEGINNING OF EACH QUARTER. THE MOU WAS EXECUTED ON DECEMBER 7, 2012 AND EFFECTIVE RETROACTIVELY TO JULY 1, 2012 FOR A THREE-YEAR PERIOD WITH THE APPROVAL OF THE FOUNDATION BOARD OF DIRECTORS AND THE ALUMNI ASSOCIATION BOARD OF DIRECTORS. THE MOU WAS RENIGOTIATED IN 2015 FOR AN ADDITIONAL THREE YEARS. FOR THE FISCAL YEAR JULY 1, 2015 - JUNE 30, 2016 THE FOUNDATION PAID THE ALUMNI ASSOCIATION $125,000 IN ACCORDANCE WITH THE MOU.
(3) COLLEGE OF CHARLESTON COUGAR CLUB
307 MEETING ST
CHARLESTON,SC29401 		57-0640443 501C3 221,157       COLLEGE OF CHARLESTON COUGAR CLUB: OPERATIONAL SUPPORT
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
3
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2015

Schedule I (Form 990) 2015
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Number of
recipients		 (c) Amount of
cash grant		 (d) Amount of
non-cash assistance		 (e) Method of valuation (book,
FMV, appraisal, other)		 (f) Description of non-cash assistance
(1) ACADEMIC & ACHIEVEMENT AWARDS 356 287,967      
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Part IV
Supplemental Information. Provide the information required in Part I, line 2, Part III, column (b), and any other additional information.
Return Reference Explanation
PART I, LINE 2: GRANTS TO ORGANIZATIONS: THROUGH ITS REPRESENTATIVES ON THE ALUMNI BOARD AND THE COUGAR CLUB BOARD, THE FOUNDATION IS ABLE TO MONITOR FINANCIAL AND PROGRAM ACTIVITY FOR EACH OF THESE RESPECTIVE ORGANIZATIONS. WITH REGARD TO THE COLLEGE OF CHARLESTON, THE FOUNDATION WAS ESTABLISHED TO PROMOTE PROGRAMS OF EDUCATION, RESEARCH, STUDENT DEVELOPMENT, AND FACULTY DEVELOPMENT FOR THE EXCLUSIVE BENEFIT OF THE COLLEGE OF CHARLESTON. IN ADDITION, THE FOUNDATION AND THE COLLEGE OF CHARLESTON HAVE EXECUTED A MEMORANDUM OF AGREEMENT TO GUIDE EXPECTATIONS BETWEEN THE TWO ORGANIZATIONS. GRANTS/ASSISTANCE TO INDIVIDUALS: ACADEMIC & ACHEIVEMENT AWARDS ARE DISTRIBUTED BASED ON SPECIFIC CRITERIA ESTABLISHED IN DONOR GIFT AGREEMENTS AS WELL AS BY ACADEMIC UNITS AT THE COLLEGE OF CHARLESTON. THE ACADEMIC UNITS ARE RESPONSIBLE FOR SELECTING RECIPIENTS BASED ON ESTABLISHED CRITERIA.
Schedule I (Form 990) 2015



Additional Data


Software ID:  
Software Version:  


Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
SchJMediumBullet Attach to Form 990.
SchJMediumBullet Information about Schedule J (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public Inspection
Name of the organization
COLLEGE OF CHARLESTON FOUNDATION
 
Employer identification number

23-7069236
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .........
1b
 
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a? ..
2
 
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ................
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
Yes
 
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
No
b
Any related organization?
5b
 
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization?
6a
 
No
b
Any related organization? .........................
6b
 
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
No
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2015

Schedule J (Form 990) 2015
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation in column(B) reported as deferred on prior Form 990
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
1GEORGE P WATT JREVP COFC/EXEC DIR OF FOUND (i)

(ii)		 90,000
-------------
201,808 		0
-------------
0 		6,807
-------------
0 		0
-------------
0 		0
-------------
1,131 		96,807
-------------
202,939 		0
-------------
0
2GLENN MCCONNELLPRESIDENT OF COFC (i)

(ii)		 112,000
-------------
188,000 		0
-------------
0 		0
-------------
0 		0
-------------
0 		0
-------------
0 		112,000
-------------
188,000 		0
-------------
0
3ALAN SHAODEAN, SCHOOL OF BUS. COFC (i)

(ii)		 61,800
-------------
249,661 		0
-------------
0 		0
-------------
19 		0
-------------
0 		0
-------------
3,022 		61,800
-------------
252,702 		0
-------------
0
4GEORGE P BENSONFORMER PRESIDENT OF COFC, DIRECTOR O (i)

(ii)		 141,667
-------------
142,448 		0
-------------
0 		35,103
-------------
6,706 		0
-------------
0 		0
-------------
14,613 		176,770
-------------
163,767 		35,103
-------------
0
Schedule J (Form 990) 2015

Schedule J (Form 990) 2015
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference Explanation
PART I, LINE 4B THE COLLEGE OF CHARLESTON (THE INSTITUTION) OFFERS A 457(F) NON-QUALIFIED RETIREMENT PLAN TO ITS EXECUTIVE EMPLOYEES AS DESIGNATED BY ITS BOARD OF TRUSTEES FROM TIME TO TIME. THE PLAN IS OWNED BY THE COLLEGE OF CHARLESTON AND THE COLLEGE OF CHARLESTON FOUNDATION FUNDS THE PLAN FOR CERTAIN EXECUTIVES. THE TERMS OF THE RETIREMENT PLAN INCLUDE THE FOLLOWING: THE INSTITUTION SHALL NOT PAY THE AMOUNT OF THE PARTICIPANT'S DEFERRED SALARY ACCOUNT TO THE PARTICIPANT OR THE PARTICIPANT'S DESIGNATED BENEFICIARY UNTIL 60 DAYS AFTER THE EARLIEST OF (1) THE DATE RELATIVE TO CONTINUOUS FULL TIME EMPLOYMENT AS DESIGNATED IN THE AGREEMENT, (2) THE PARTICIPANT'S DEATH, (3) THE PARTICIPANT'S DISABILITY AS DEFINED IN IRC SECTION 409A(A)(2)(C), OR (4) THE PARTICIPANT'S INVOLUNTARY TERMINATION OF EMPLOYMENT FROM THE INSTITUTION FOR REASONS OTHER THAN JUST CAUSE. THE PARTICIPANT WILL HAVE NO RIGHTS IN THE DEFERRED SALARY ACCOUNT UNLESS HE OR SHE REMAINS EMPLOYED BY THE INSTITUTION UNTIL ATTAINMENT OF THE DATE RELATIVE TO CONTINUOUS FULL TIME EMPLOYMENT AS DESIGNATED IN THE AGREEMENT UNLESS TERMINATION OF EMPLOYMENT IS DUE TO THE PARTICIPANT'S DEATH OR TOTAL DISABILITY OR THE PARTICIPANT'S EMPLOYMENT IS INVOLUNTARILY TERMINATED FOR REASONS OTHER THAN JUST CAUSE. IF TERMINATION IS FOR ANY OTHER REASON, THEN NO PAYMENT SHALL BE DUE UNDER THE AGREEMENT. THE DEFERRED SALARY ACCOUNT SHALL BE PAID BY THE INSTITUTION TO THE PARTICIPANT OR DESIGNATED BENEFICIARY IN A LUMP SUM PAYMENT OF THE SINGLE SUM VALUE OF THE DEFERRED SALARY ACCOUNT. THE FOLLOWING INDIVIDUAL PARTICIPATED IN AND RECEIVED A PAYMENT FROM A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN IN 2015, AS FOLLOWS. P. GEORGE BENSON: PAYMENT RECEIVED OF $35,103
Schedule J (Form 990) 2015
Additional Data


Software ID:  
Software Version:  
SCHEDULE M
(Form 990)

Department of the Treasury
Internal Revenue Service
Noncash Contributions
Right pointing arrow large imageComplete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image Attach to Form 990.
Right pointing arrow large imageInformation about Schedule M (Form 990) and its instructions is at www.irs.gov/form990
OMB No. 1545-0047
2015
Open to Public Inspection
Name of the organization
COLLEGE OF CHARLESTON FOUNDATION
 
Employer identification number

23-7069236
Part I
Types of Property
(a)
Check if applicable 		(b)
Number of contributions or items contributed 		(c)
Noncash contribution amounts reported on
Form 990, Part VIII, line 1g 		(d)
Method of determining
noncash contribution amounts
1 Art—Works of art ....        
2 Art—Historical treasures . X 1 7,095 APPRAISAL
3 Art—Fractional interests ..        
4 Books and publications ..      
5 Clothing and household
goods ....... 		     
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded . X 65 1,714,928 FAIR MARKET VALUE
10 Securities—Closely held stock .        
11 Securities—Partnership, LLC,
or trust interests .... 		       
12 Securities—Miscellaneous ..        
13 Qualified conservation
contribution—Historic
structures ..... 		       
14 Qualified conservation
contribution—Other ... 		       
15 Real estate—Residential .        
16 Real estate—Commercial ..        
17 Real estate—Other ...        
18 Collectibles ..... X 4 121,913 APPRAISAL
19 Food inventory ... X 1 1,875 FAIR MARKET VALUE
20 Drugs and medical supplies .        
21 Taxidermy ......        
22 Historical artifacts ....        
23 Scientific specimens ..        
24 Archeological artifacts ... X 1 973,407 APPRAISAL
25 Other Right pointing arrow large image ( ARGUS SOFTWARE ) X 1 1,192,500 FAIR MARKET VALUE
26 Other Right pointing arrow large image ( HORSES ) X 4 75,000 APPRAISAL
27 Other Right pointing arrow large image ( SAILS ) X 1 29,792 FAIR MARKET VALUE
28 Other Right pointing arrow large image ( PERSIAN RUG ) X 1 12,000 FAIR MARKET VALUE
Other Right pointing arrow large image ( TELESCOPE ) X 1 11,881 FAIR MARKET VALUE
Other Right pointing arrow large image ( PIANO ) X 1 11,500 FAIR MARKET VALUE
Other Right pointing arrow large image ( PHOTOGRAPHIC EQUIPMENT ) X 1 655 FAIR MARKET VALUE
29
Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement
29
 
Yes
No
30a
During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that
it must hold for at least three years from the date of the initial contribution, and which is not required to be used
for exempt purposes for the entire holding period? ..................
30a
 
No
b
If "Yes," describe the arrangement in Part II.
31
Does the organization have a gift acceptance policy that requires the review of any non-standard contributions?
31
Yes
 
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash
contributions? ..........................
32a
 
No
b
If "Yes," describe in Part II.
33
If the organization did not report an amount in column (c) for a type of property for which column (a) is checked,
describe in Part II.
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 51227J
Schedule M (Form 990) (2015)
Schedule M (Form 990) (2015)
Page 2
Part II
Supplemental Information. Provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.
Return Reference Explanation
Schedule M (Form 990) (2015)

Additional Data


Software ID:  
Software Version:  
SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public
Inspection
Name of the organization
COLLEGE OF CHARLESTON FOUNDATION
 
Employer identification number

23-7069236
Return Reference Explanation
FORM 990, PART III, LINE 4A CONTINUED LIBRARIES: -GOOGLE PROVIDED A TRANSFORMATIONAL GIFT TO CREATE THE RACE AND SOCIAL JUSTICE INITIATIVE (RSJI) IN RESPONSE TO THE TRAGIC SHOOTING AT THE EMANUEL AME CHURCH. GOOGLE PARTNERED WITH THE AVERY RESEARCH CENTER FOR AFRICAN AMERICAN HISTORY AND CULTURE TO HOST A SERIES OF STANDING-ROOM-ONLY EVENTS WITH 800+ ATTENDEES TO EXAMINE RACE AND SOCIAL JUSTICE IN OUR COMMUNITIES. THE RSJI COMPRISED LECTURES, SYMPOSIUMS, EXHIBITS AND SCREENINGS TO FOSTER DIALOGUE THAT PROMOTES AWARENESS OF THE HISTORY AND ONGOING STRUGGLES OF RACIAL INJUSTICE IN CHARLESTON, SOUTH CAROLINA, AND THROUGHOUT THE UNITED STATES. THE SERIES FEATURED A COMMUNITY FORUM TITLED "TIES THAT BIND TWO HOLY CITIES: REFLECTIONS IN CHARLESTON BY SURVIVORS OF THE 1963 BIRMINGHAM CHURCH BOMBING, AND LECTURES BY MARIAN WRIGHT EDELMAN OF THE CHILDREN'S DEFENSE FUND, AND BRYAN STEVENSON OF THE EQUAL JUSTICE INITIATIVE. JOURNALIST AND AUTHOR TA-NEHISI COATES ALSO WILL BRING HIS TALK, "A DEEPER BLACK: RACE IN AMERICA" TO CAMPUS AS PART OF THE RSJI. -THE COLLEGE OF CHARLESTON LIBRARIES CELEBRATED THE LEGACY OF DAVID COHEN, DEAN EMERITUS, BY DEDICATING A CLASSROOM ON THE THIRD FLOOR OF THE MARLENE AND NATHAN ADDLESTONE LIBRARY. DURING COHEN'S TIME AS DEAN OF THE LIBRARIES FROM 1982 TO 2012, HE PROVIDED VISIONARY LEADERSHIP BY TRANSFORMING THE LIBRARY INTO A 21ST CENTURY RESOURCE FOR STUDENTS, FACULTY AND THE LARGER COMMUNITY. THE DAVID J. COHEN CLASSROOM WAS NAMED WITH GENEROUS CONTRIBUTIONS FROM FRIENDS AND SUPPORTERS OF MORE THAN $100,000 TO RENOVATE SPACE ON THE FIRST FLOOR OF ADDLESTONE LIBRARY TO BE CONVERTED INTO FLEXIBLE LEARNING TECHNOLOGY COMMONS. THIS INNOVATIVE CLASSROOM WILL BE USED FOR FACULTY PROFESSIONAL DEVELOPMENT AND STUDENT DIGITAL MEDIA INSTRUCTION. SCHOOL OF THE ARTS: -ONE OF THE MAIN PRIORITIES FOR THE HALSEY INSTITUTE OF CONTEMPORARY ART IS AN ENDOWMENT TO STRENGTHEN ITS PLATFORM THROUGH AN INTERNATIONAL ARTIST-IN-RESIDENCE PROGRAM;, PROVIDE TRAVEL SUBSIDIES FOR ECONOMICALLY OR GEOGRAPHICALLY DISADVANTAGED SCHOOLS TO EXPERIENCE THE HALSEY INSTITUTE; DOCUMENT ALL EXHIBITIONS VIA CATALOGUES, VIDEOS, BROCHURES AND AN ONLINE FEATURE FOR EACH INDIVIDUAL SHOW; AND ENSURE THAT HICA IS POSITIONED TO TAKE THE NEXT STEPS TOWARD NATIONAL PROMINENCE IN THE PRESENTATION OF CONTEMPORARY ART. DEBORAH CHALSTY ESTABLISHED AN ENDOWED FUND FOR HICA WITH A COMMITMENT OF $1 MILLION, AND WILL HAVE A GALLERY NAMED IN HER HONOR. -SEVEN COLLEGE OF CHARLESTON MUSIC AND VOCAL PERFORMANCE MAJORS WERE NOMINATED TO COMPETE IN THE NATIONAL STUDENT AUDITIONS COMPETITION OF THE NATIONAL ASSOCIATION OF TEACHERS OF SINGING (NATS). THESE COUGARS WERE AMONG THE 460 STUDENTS FROM THE MID-ATLANTIC REGION OF NATS WHO COMPETED AT THE REGIONAL STUDENT AUDITIONS. THE SEVEN WINNING STUDENTS FROM THE COLLEGE COMPETED IN THE NATS NATIONAL STUDENT AUDITIONS SEMI-FINALS AND THEN POSSIBLY AT THE NATIONAL STUDENT AUDITIONS COMPETITION IN CHICAGO DURING NATS'S NATIONAL CONVENTION IN JULY. BACHELOR OF PROFESSIONAL STUDIES/NORTH CAMPUS -THE CENTER FOR CONTINUING AND PROFESSIONAL EDUCATION HOSTED A TECH STARTUP BOOTCAMP. THIS PRACTICAL, HANDS-ON AND FAST-MOVING COURSE FOCUSED ON TOPICS SUCH AS PRODUCT MANAGEMENT, FUNDING, PITCHING YOUR PRODUCT, AND SALES AND MARKETING. TAUGHT BY TWO TECHNOLOGY EXECUTIVES WITH MANY YEARS OF MANAGEMENT AND STARTUP BUSINESS EXPERIENCE, PARTICIPANTS GAINED THE KNOWLEDGE AND CONFIDENCE TO PLAN, DEVELOP AND EXECUTE TECHNOLOGY BUSINESS IDEAS. SCHOOL OF LANGUAGES, CULTURES, AND WORLD AFFAIRS: -THE COLLEGE'S NEWEST FACILITY IS THE KOSHER VEGETARIAN/VEGAN DINING FACILITY, MARTY'S PLACE. THE DINING HALL IS NAMED AFTER MARTY PERLMUTTER, THE COLLEGE'S LONGTIME DIRECTOR OF JEWISH STUDIES. THE LEAD GIFT OF $500,000 FROM THE LATE NORMAN ARNOLD AND HIS WIFE GERRY SUE, AND OTHER ADMIRERS OF DR. PERLMUTTER SUPPORTED THE PRIVATE-PUBLIC PARTNERSHIP WITH THE COLLEGE TO MAKE THE FACILITY POSSIBLE. THE 5,000-SQUARE-FOOT RESTAURANT IS LOCATED ON THE GROUND FLOOR OF THE EXPANDED SYLVIA VLOSKY YASCHIK JEWISH STUDIES CENTER ON WENTWORTH STREET. MARTY'S PLACE OBSERVES KOSHER DIETARY LAWS AND SERVES VEGAN AND VEGETARIAN DISHES - MAKING IT THE PERFECT CHOICE NOT JUST FOR THE JEWISH COMMUNITY, BUT FOR ANYONE LOOKING FOR A NON-MEAT -BASED MEAL. THE COLLEGE CELEBRATED THE FACILITY'S GRAND OPENING IN JANUARY 2016. -ANITA ZUCKER AND HER FAMILY INCREASED THEIR COMMITMENT BY $750,000 TO THE ZUCKER/GOLDBERG HOLOCAUST STUDIES PROGRAM, WHICH INCLUDES AN ENDOWED CHAIR IN HOLOCAUST STUDIES AND AN EDUCATIONAL FUND TO SUPPORT THE PROGRAM'S OPERATIONS AND INITIATIVES. THE CHAIR HAS THE DISTINCTION OF BEING THE ONLY ENDOWED ACADEMIC POSITION CREATED DURING THE BOUNDLESS CAMPAIGN. CURRENTLY HELD BY DR. TED ROSENGARTEN, THE CHAIR DIRECTS THE ACTIVITIES RELATED TO THE HOLOCAUST STUDIES PROGRAM AND ALSO LEADS EDUCATIONAL STUDY ABROAD TRIPS TO EASTERN EUROPE, OFTEN TIMES FOR STUDENT WHO HAVE NEVER BEEN OVERSEAS. ATHLETICS: -SUSI BEATTY CREATED THE SUSI BEATTY BIG CAT SCHOLARSHIP FOR STUDENT-ATHLETES WITH A COMMITMENT OF $100,000 IN 2016 FOR STUDENTS WHO PLAY MEN'S BASKETBALL, WOMEN'S BASKETBALL OR SOFTBALL. -US SAILING HAS COMMENDED THE NATIONALLY-RECOGNIZED COLLEGE OF CHARLESTON SAILING PROGRAM FOR ITS EFFORT AND WORK WITH YOUTH. THE COUGARS HELD A STEM CAMP WITH STUDENTS FROM CREEKSIDE MIDDLE SCHOOL IN MARION COUNTY, S.C.. IN CONJUNCTION WITH BENETEAU USA, THE LARGEST SAILBOAT MANUFACTURER IN THE WORLD, AS WELL AS THE COLLEGE'S SCHOOL OF SCIENCES AND MATHEMATICS, THE GROUP OF 8 TO 14 YEAR OLDS FROM CREEKSIDE MIDDLE LEARNED ABOUT BUOYANCY AND DISPLACEMENT. THE STUDENTS ALSO DESIGNED AND SAILED SAILBOATS AT THE J. STEWART WALKER SAILING COMPLEX IN MT. PLEASANT, THE HOME FACILITY FOR THE COLLEGE'S SAILING PROGRAM. -COLLEGE OF CHARLESTON JUNIOR WILLIAM RAINEY TURNED IN ONE OF THE TOP INDIVIDUAL SINGLE-SEASON PERFORMANCES IN SCHOOL HISTORY AFTER CLOSING OUT PLAY AT THE 2016 NCAA DIVISION I MEN'S GOLF CHAMPIONSHIPS. HE TIED FOR 51ST WITH ROUNDS OF 72, 68, 71 AND A FINAL-ROUND 80 TO FINISH AT +11 FOR THE TOURNAMENT. RAINEY WAS ONE OF 48 TOP-100 RANKED PLAYERS WHO MADE THE CUT TO PLAY IN THE 84-PLAYER INDIVIDUAL CHAMPIONSHIP FIELD. HE WAS ALSO ONE OF ONLY TWO PLAYERS WHO ADVANCED TO NATIONALS AS THE LOW INDIVIDUAL AT EACH OF THE SIX NCAA REGIONAL SITES, TO MOVE ON TO THE FINAL DAY OF TOURNAMENT PLAY CONSISTING OF THE NATION'S TOP GOLFERS FROM THE SEC, PAC-12, BIG 12 AND BIG TEN. INTERDISCIPLINARY PROGRAMS: -THE COLLEGE OF CHARLESTON HOSTED TWO CAMPS THAT FOCUSED ON INSPIRING INTEREST IN SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATHEMATICS (STEAM) FIELDS AMONG YOUNG STUDENTS. THE FIRST, CAMP ART ATTACK INVOLVED CREATIVE STORYTELLING, ENGINEERING AND DESIGN, VISUAL ARTS, SCRIPT WRITING, THEATRE AND DANCE. THE CAMP EMPHASIZED A PRINCIPLE CALLED "ART INFUSION" IN THE HOPES THAT THE RISING KINDERGARTEN-THROUGH-FIFTH-GRADE STUDENTS WOULD BE ABLE TO BETTER INCORPORATE THE ARTS INTO THEIR CLASSROOM LEARNING EXPERIENCES. THE SECOND CAMP, A TWO-DAY INTENSIVE WORKSHOP CALLED GEEK SQUAD ACADEMY, CONNECTED GEEK SQUAD PROFESSIONALS WITH GIRLS AGE 10 TO 17 TO LEARN ABOUT TECHNOLOGY. -BEN JOYE NAMED THE COLLEGE THE SOLE BENEFICIARY IN HIS ESTATE PLANS. AN ACCOUNTANT BY TRADE, JOYE WAS VERY INTENTIONAL IN HIS PLANS TO SUPPORT THE COLLEGE'S HIGHEST NEEDS AND SCHOLARSHIPS. THEREFORE, UPON HIS DEATH IN 2015, THE COLLEGE BEGAN RECEIVING DISTRIBUTIONS TO SUPPORT THE COLLEGE OF CHARLESTON FUND AND THE COLLEGE'S GENERAL SCHOLARSHIP FUND. -ARTHUR AND WANDA HAISTEN BEGAN SUPPORTING THE COLLEGE IN THE 1980S WITH ANNUAL GIFTS TO THE COLLEGE OF CHARLESTON FUND, ATHLETICS AND THE CLASS OF 1943 GOLDEN ANNIVERSARY SCHOLARSHIP. ARTHUR DIED IN 2012, AND WANDA DIED IN 2013. THEIR ESTATE DISTRIBUTED $280,000 TO THE COLLEGE TO BE SPLIT BETWEEN THE CHEMISTRY DEPARTMENT FUND AND THE COUGAR CLUB. -SINCE 1987, THE LETTIE PATE WHITEHEAD FOUNDATION SCHOLARSHIP HAS SUPPORTED DESERVING YOUNG WOMEN AT THE COLLEGE. WITH AN INITIAL GIFT OF $5,000 THE LETTIE PATE WHITEHEAD FOUNDATION HAS STEADILY INCREASED THEIR SUPPORT WITH THE MOST RECENT GENEROUS DONATION OF $149,000. THEIR SUPPORT ENSURES THAT ALMOST 50 FEMALE SCHOLARS RECEIVE VITAL FINANCIAL SUPPORT FOR THEIR ACADEMIC ENDEAVORS. -THE COLLEGE OF CHARLESTON COLLEGIATE RECOVERY PROGRAM (CRP) OFFERS A DIRECTOR-LED, STUDENT-ORGANIZED, SUPPORT-BASED PROGRAM FOR COFC STUDENTS IN RECOVERY FROM DRUG AND/OR ALCOHOL ADDICTION. THE CRP WAS INITIATED WITH THE GENEROUS SUPPORT FROM PRIVATE DONORS, AMOUNTING TO NEARLY $267,000. THE EARLY LEADERSHIP DONORS PROVIDED A STRONG SUPPORT BASIS FROM WHICH FUNDRAISING EFFORTS CONTINUE. THE CRP IS THE FIRST ACTIVE PROGRAM OF ITS KIND IN SOUTH CAROLINA AND WILL CONNECT STUDENTS WITH NEEDED RESOURCES ON CAMPUS AND IN THE COMMUNITY, AS WELL AS PROVIDE SUPPORT AND ACTIVITIES FOR STUDENT PARTICIPANTS TO BE SUCCESSFUL IN THE COLLEGE OF CHARLESTON ENVIRONMENT. IT WILL DO THIS BY CONNECTING STUDENTS TO OTHER RECOVERING STUDENTS; FACILITATING RECOVERY SUPPORT AND ACCOU
FORM 990, PART VI, SECTION B, LINE 11 THE RETURN WAS PREPARED BY AN INDEPENDENT ACCOUNTANT WITH ASSISTANCE AND OVERSIGHT BY MANAGEMENT. THE FULL BOARD WAS PROVIDED A LINK TO ACCESS THE COMPLETE FORM 990, ONLINE, PRIOR TO THE PRESENTATION TO THE MEMBERS OF THE AUDIT COMMITTEE. THE FORM 990 IS FILED WITH THE IRS FOLLOWING THE BOARD REVIEW ONLINE. THE AUDIT AND FINANCE COMMITTEES MEMBERS REVIEW THE FORM AND SUPPORTING SCHEDULES. FOLLOWING REVIEW BY THE COMMITTEES, THE CHAIR OF THE AUDIT COMMITTEE PRESENTS A SUMMARY REVIEW OF THE 990 TO THE BOARD. THE BOARD DOCUMENTS THIS REVIEW IN THE MEETING MINUTES.
FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY ALONG WITH A QUESTIONNAIRE IS DISTRIBUTED ANNUALLY TO EACH BOARD MEMBER. BOARD MEMBERS COMPLETE THE QUESTIONNAIRES AND RETURN THEM TO THE ORGANIZATION.
FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION'S EMPLOYEES ARE HIRED AND PAID BY THE COLLEGE OF CHARLESTON. THE FOUNDATION THEN REIMBURSES THE COLLEGE FOR PORTIONS OF THE EMPLOYEES' SALARY COSTS. THE HIRING PROCESS IS MONITORED BY THE HUMAN RESOURCES DEPARTMENT OF THE COLLEGE OF CHARLESTON AND IS SUBJECT TO THE COLLEGE'S POLICIES AND PROCEDURES. IN RECENT YEARS WHEN HIRING OFFICERS AND KEY EMPLOYEES, THE FOUNDATION IN COLLABORATION WITH THE COLLEGE OF CHARLESTON HAS CONTRACTED WITH OUTSIDE EXECUTIVE SEARCH FIRMS WHO ASSIST IN LOCATING AND INTERVIEWING CANDIDATES. THE FOUNDATION CONSULTS WITH THE SEARCH FIRM AND USES THE FIRM'S EXPERIENCE AND EXPERTISE IN DETERMINING COMPENSATION PACKAGES FOR THESE INDIVIDUALS THAT ARE COMPARABLE TO THOSE OF SIMILAR ORGANIZATIONS. COMPENSATION FOR THE TOP EXECUTIVE, THE EXECUTIVE DIRECTOR OF THE FOUNDATION, IS APPROVED BY THE CHAIR OF THE BOARD, PRIOR TO HIRING. COMPENSATION FOR KEY EMPLOYEES PAID BY THE FOUNDATION AND THE COLLEGE ARE APPROVED BY THE CHAIR OF THE COLLEGE BOARD OF TRUSTEES AS WELL AS THE FOUNDATION.
FORM 990, PART VI, SECTION C, LINE 18 PHOTOCOPIES OF THE FORM 990 ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ACCOUNTING OFFICE. IN ADDITION, RECENT FILINGS OF THE FORM 990 ARE AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG AND ON THE FOUNDATION'S WEBSITE.
FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE FOUNDATION'S WEBSITE AND UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICES.
FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST 130,152. CHANGE IN ALLOWANCE OF UNCOLLECTIBLE PROMISES TO GIVE 32,416. CHANGE IN VALUE OF MARINE GENOMICS ENDOWMENT 118,271.
FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN THE FOUNDATION'S OVERSIGHT OR SELECTION PROCESSES FROM PRIOR YEARS.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2015


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SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBulletAttach to Form 990.
MediumBullet Information about Schedule R (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047
2015
Open to Public Inspection
Name of the organization
COLLEGE OF CHARLESTON FOUNDATION
 
Employer identification number

23-7069236
Part I
Identification of Disregarded Entities Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income


 		(e)
End-of-year assets


 		(f)
Direct controlling
entity
(1) BULL STREET STUDENT HOUSING LLC
66 GEORGE STREET
CHARLESTON,SC29401
 HOLDS REAL ESTATE USED FOR STUDENT HOUSING SC 134,680 28,233 COLLEGE OF CHARLESTON FOUNDATION
 
(2) BULL AND WENTWORTH STUDENT HOUSING LLC
66 GEORGE STREET
CHARLESTON,SC29401
 HOLDS REAL ESTATE USED FOR STUDENT HOUSING SC 188,944 97,715 COLLEGE OF CHARLESTON FOUNDATION
 
(3) COMING WENTWORTH AND KING EDUCATIONAL HOLDINGS LLC
66 GEORGE STREET
CHARLESTON,SC29401
 HOLDS REAL ESTATE USED BY THE COLLEGE OF CHARLESTON FOR PROGRAMS SC 328,796 557,628 COLLEGE OF CHARLESTON FOUNDATION
 
(4) BLACKLOCK HOUSE EDUCATIONAL HOLDINGS LLC
66 GEORGE STREET
CHARLESTON,SC29401
 HOLDS REAL ESTATE USED BY THE COLLEGE OF CHARLESTON FOR PROGRAMS SC 82,580 720,726 COLLEGE OF CHARLESTON FOUNDATION
 
(5) THE COLLEGE OF CHARLESTON FOUNDATION PUBLISHING COMPANY LLC
66 GEORGE STREET
CHARLESTON,SC29401
 PUBLISHING SC     COLLEGE OF CHARLESTON FOUNDATION
 
(6) DIXIE PLANTATION EDUCATIONAL HOLDINGS LLC
66 GEORGE STREET
CHARLESTON,SC29401
 HOLDS REAL ESTATE USED BY THE COLLEGE OF CHARLESTON FOR PROGRAMS SC 100,000 3,451,747 COLLEGE OF CHARLESTON FOUNDATION
 
Part II
Identification of Related Tax-Exempt Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section


 		(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled entity?
Yes No
(1)COLLEGE OF CHARLESTON
66 GEORGE ST

CHARLESTON,SC29424
57-6000265 		HIGHER EDUCATION SC IRC 115 LINE 2 N/A
 
No












For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2015
Schedule R (Form 990) 2015
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
 		(b)
Primary activity
 		(c)
Legal
domicile
(state or foreign
country)
 		(d)
Direct controlling
entity
 		(e)
Type of entity
(C corp, S corp,
or trust) 		(f)
Share of total income
 		(g)
Share of end-of-year
assets
 		(h)
Percentage
ownership
 		(i)
Section 512(b)(13) controlled entity?
Yes No












Schedule R (Form 990) 2015
Schedule R (Form 990) 2015
Page 3
Part V
Transactions With Related Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................
1a
 
No
b Gift, grant, or capital contribution to related organization(s) ............................
1b
Yes
 
c Gift, grant, or capital contribution from related organization(s) ............................
1c
 
No
d Loans or loan guarantees to or for related organization(s) ............................
1d
 
No
e Loans or loan guarantees by related organization(s) ............................
1e
Yes
 
f Dividends from related organization(s) ............................
1f
 
No
g Sale of assets to related organization(s) ............................
1g
 
No
h Purchase of assets from related organization(s) ............................
1h
 
No
i Exchange of assets with related organization(s) ............................
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) .......................
1j
Yes
 
k Lease of facilities, equipment, or other assets from related organization(s) ......................
1k
 
No
l Performance of services or membership or fundraising solicitations for related organization(s) .....................
1l
 
No
m Performance of services or membership or fundraising solicitations by related organization(s) .................
1m
 
No
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................
1n
 
No
o Sharing of paid employees with related organization(s) ............................
1o
Yes
 
p Reimbursement paid to related organization(s) for expenses ............................
1p
Yes
 
q Reimbursement paid by related organization(s) for expenses ............................
1q
 
No
r Other transfer of cash or property to related organization(s) ............................
1r
Yes
 
s Other transfer of cash or property from related organization(s) ............................
1s
 
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) COLLEGE OF CHARLESTON

 E 1,170,981  
(2) COLLEGE OF CHARLESTON

 J 894,999  
(3) COLLEGE OF CHARLESTON

 O 1,547,525  
(4) COLLEGE OF CHARLESTON

 P 2,576,872  
(5) COLLEGE OF CHARLESTON ALUMNI ASSOCIATION

 B 125,000  
(6) COLLEGE OF CHARLESTON COUGAR CLUB

 R 221,157  
Schedule R (Form 990) 2015
Schedule R (Form 990) 2015
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)

(e)
Are all partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) 2015
Schedule R (Form 990) 2015
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R (see instructions).
Return Reference Explanation
Schedule R (Form 990) 2015

Additional Data


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