University Of South Carolina Upstate Foundation

Organization Overview

University Of South Carolina Upstate Foundation is located in Spartanburg, SC. The organization was established in 1973. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of South Carolina Upstate Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, University Of South Carolina Upstate Foundation generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ORGANIZATION ESTABLISHED TO OPERATE AS A PERMANENT FOUNDATION TO ACCEPT GIFTS FOR CHARITABLE, BENEVOLENT, CULTURAL, AND EDUCATIONAL PURPOSED FOR THE EXCLUSIVE USE AND BENEFIT OF THE UNIVERSITY OF SOUTH CAROLINA UPSTATE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION PROVIDES FINANCIAL SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF SOUTH CAROLINA UPSTATE. THE SUPPORT PROVIDED TO THE UNIVERSITY PURCHASES ART, EQUIPMENT, AND SUPPLIES, FUNDS A VARIETY OF STUDENT SCHOLARSHIPS, IT HELPS SEND STUDENTS ABROAD FOR INTERNATIONAL EXPERIENCES AND PAYS FOR PERFORMANCES, EVENTS, AND STUDENT ACTIVITIES. THE FOUNDATION ENABLES USC UPSTATE TO SUPPORT THEIR METROPOLITAN MISSION.


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Board, Officers & Key Employees

Name (title)Compensation
Karen Calhoun
Chair
$0
Kenneth Darr
Vice Chair
$0
Ann Angermeier
Secretary
$0
Avi Lawrence
Treasurer
$0
Kimberly Jolley
Executive Director (thru. May'22)
$0
Rj Gimbl
Executive Director (beg. May'22)
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,554,960
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,554,960
Total Program Service Revenue$0
Investment income $346,764
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$170,074
Net Income from Fundraising Events $56,265
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,901,913

Grants Awarded

Over the last fiscal year, University Of South Carolina Upstate Foundation has awarded $982,498 in support to 2 organizations.

Grant RecipientAmount

UNIVERSITY OF SOUTH CAROLINA UPSTAT

PURPOSE: EDUCATION SUPPORT

$770,020

UNIVERSTIY OF SOUTH CAROLINA UPSAT

PURPOSE: ATHLETIC SUPPORT

$212,478
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 9 grants that University Of South Carolina Upstate Foundation has recieved totaling $375,795.

Awarding OrganizationAmount
Spartanburg County Foundation

Spartanburg, SC

PURPOSE: GENERAL SUPPORT

$204,906
Watson-Brown Foundation Inc

Thomson, GA

PURPOSE: AWARDED SCHOLARSHIP GRANTS

$75,000
Spartanburg County Foundation

Spartanburg, SC

PURPOSE: GENERAL SUPPORT

$37,883
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$28,600
Spartanburg County Foundation

Spartanburg, SC

PURPOSE: GENERAL SUPPORT

$26,750
Ryerson Foundation

Chicago, IL

PURPOSE: EDUCATION

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$13,615,144
Earnings-$2,389,442
Net Contributions$1,412,361
Ending Balance$12,638,063

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