College Of Charleston Foundation is located in Charleston, SC. The organization was established in 1971. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2023, College Of Charleston Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Of Charleston 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, College Of Charleston Foundation generated $11.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $12.3m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, College Of Charleston Foundation has awarded 26 individual grants totaling $42,945,649. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE EDUCATION, RESEARCH, AND DEVELOPMENT PROGRAMS FOR THE EXCLUSIVE BENEFIT OF THE COLLEGE OF CHARLESTON
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O FOR A COMPLETE DESCRIPTION OF OUR ACCOMPLISHMENTSTHE COLLEGE OF CHARLESTON FOUNDATION HAS BEEN DEDICATED TO SUPPORTING THE ACTIVITIES AND GOALS OF THE COLLEGE FOR MORE THAN 50 YEARS. IN DOING SO, THE FISCAL YEAR ENDING JUNE 30, 2023 GARNERED APPROXIMATELY $20.6 MILLION IN TOTAL COMMITMENTS.SEVERAL POINTS OF PRIDE EMERGE FROM THE FOUNDATION'S FY23 ACCOMPLISHMENTS: A TOTAL OF 9,249 DONORS SUPPORTED THE COLLEGE, AN INCREASE OF 2% FROM THE PREVIOUS FISCAL YEAR $7.1 MILLION IN CASH, STOCK AND IN-KIND RECEIPTS 47 NEW RESTRICTED FUNDS AND 25 NEW ENDOWMENT FUNDS WERE CREATED $4.1 MILLION SECURED IN ESTATE INTENTIONS CORPORATE AND FOUNDATION RELATIONS LED THE CONSTITUENCIES IN NEW COMMITMENTS WITH $7.7 MILLION FRIENDS OF THE COLLEGE DONORS WERE SECOND ONLY TO CORPORATE AND FOUNDATION RELATIONS AMONG CONSTITUENCIES, WITH MORE THAN $5.3 MILLION IN COMMITMENTS ALUMNI WERE THE THIRD MOST GENEROUS CONSTITUENCY WITH $4.4 MILLION IN COMMITMENTS THE COMMITMENTS BY FACULTY AND STAFF WERE $529,446 APPROXIMATELY 1,025 STUDENTS RECEIVED MORE THAN 1,350 SCHOLARSHIPS FUNDED THROUGH PHILANTHROPY FROM MORE THAN $5.4 MILLION MADE AVAILABLE IN SCHOLARSHIPS AND AWARDSTHE THIRD ANNUAL COFC DAY TOOK PLACE JANUARY 26, 2023 AND WAS ANOTHER SUCCESS, RAISING A TOTAL OF $6.7M+ IN TOTAL COMMITMENTS FROM NEARLY 2,250 DONORS. COFC DAY IS NOT ONLY A SUCCESSFUL FUNDRAISING DRIVE BUT IS ALSO A WAY TO INSTILL PRIDE AND SPIRIT INTO THE HEARTS AND MINDS OF ALUMNI, PARENTS, FRIENDS, FACULTY/STAFF AND STUDENTS. THE STORIES OF INSPIRATION AND MOTIVATION THAT TAKE PLACE BEHIND THE FIGURES SHOWCASE HOW GIVING IMPACTS THE COLLEGE OF CHARLESTON CAMPUS. THE FOLLOWING ARE EXAMPLES OF THE COMMITMENTS THAT SUSTAIN THE COLLEGE'S EFFORTS TO PROVIDE EXCELLENCE IN EDUCATION:SCHOLARSHIPS/AWARDS A DONOR COMMITTED $750,000 FROM HER ESTATE TO SUPPORT HER ESTABLISHED SCHOLARSHIPS. A FOUNDATION DONOR PLEDGED $230,000 TO SUPPORT A NAMED SCHOLARSHIP, WHICH PROVIDES FINANCIAL ASSISTANCE. THEIR TOTAL GIVING TO THE COFC FOUNDATION IS NEARLY $3 MILLION SINCE THE 1980S. MARK AND LYN MICHELS COMMITTED $100,000 FROM THEIR ESTATE TO ESTABLISH THE MICHELS FAMILY ENDOWED SCHOLARSHIP.LIBRARIES THE MELLON FOUNDATION AWARDED A $2 MILLION DOLLAR GRANT TO THE AVERY RESEARCH CENTER FOR AFRICAN AMERICAN HISTORY AND CULTURE TO SUPPORT THE COLLECTION AND PRESERVATION OF DOCUMENTS, ARTIFACTS, STORIES, PHOTOGRAPHS AND ALL OTHER MATERIALS RELATED TO THE AVERY. A DONOR COMMITTED $250,000 IN HER ESTATE TO SUPPORT THE LOWCOUNTRY LGBTQ+ DOCUMENTATION PROJECT THROUGH SPECIAL COLLECTIONS AT ADDLESTONE LIBRARY. WILLIAM ESTES GIFTED THE COLLEGE A CHARLES HAMILTON SMITH (FLEMISH 1776-1859) COLLECTION OF ORIGINAL MANUSCRIPT PAGES WITH WATERCOLOR ILLUSTRATIONS OF THE AMERICAS, VALUED AT $175,200. STEPHANIE QUICK COMMITTED $100,000 FROM HER ESTATE TO SUPPORT THE JEWISH HERITAGE COLLECTION. PETER FRANK GIFTED THE COLLEGE THE PERSONAL PAPERS OF AUTHOR DOROTHEA BENTON FRANK, VALUED AT $100,000, WHICH INCLUDES MANUSCRIPT DRAFTS, WRITING WORK, RESEARCH FILES, AND CORRESPONDENCE. SCHOOL OF THE ARTS PHYLLIS JESTICE COMMITTED $348,037 FROM HER ESTATE TO SUPPORT THE MUSIC DEPARTMENT FUND. WILLIAM GAUD GAVE $66,863 TO SUPPORT THE FRANCES GRIMBALL GAUD PROFESSOR OF ART. JANET HAUGHEY GAVE $50,000 TO SUPPORT THE SCHOOL OF THE ARTS DEAN'S EXCELLENCE FUND. VALERIE MORRIS PLEDGED $50,000 TO ESTABLISH THE BORIS BOHUN-CHUDYNIV ENDOWED SCHOLARSHIP IN ARTS MANAGEMENT IN MEMORY OF HER LATE HUSBAND.SCHOOL OF LANGUAGES, CULTURES, AND WORLD AFFAIRS THE SAMUEL FREEMAN CHARITABLE TRUST GAVE $157,500 TO SUPPORT THE INTERNATIONAL SCHOLARS PROGRAM. THE LAWRENCE E. STEINBERG FOUNDATION GAVE $100,000 TO SUPPORT THE OLIVER STEINBERG SCHOLARSHIP FOR STUDENTS IN THE JEWISH STUDIES PROGRAM.ATHLETICS FOUNDERS FEDERAL CREDIT UNION PLEDGED $2.1 MILLION TO SUPPORT THE CONSTRUCTION OF THE FOUNDERS BASEBALL PERFORMANCE CENTER AT THE COLLEGE OF CHARLESTON'S BASEBALL FACILITIES AT PATRIOTS POINT ATHLETICS COMPLEX, THE LARGEST ATHLETICS GIFT IN THE COLLEGE'S HISTORY. AN ANONYMOUS DONOR PLEDGED $250,000 TO THE MEN'S BASKETBALL COMPETITIVE EXCELLENCE FUND, WITH TOTAL FY23 PLEDGES FOR THE FUND TOTALING MORE THAN $1.4 MILLION DOLLARS. ROBERT CLAWSON, JR. GAVE $100,000 TO SUPPORT THE ROBERT G. CLAWSON, JR. ENDOWED SCHOLARSHIP AND THE ROBERT G. CLAWSON, III ENDOWED SCHOLARSHIP, BOTH OF WHICH SUPPORT STUDENT ATHLETES AT THE COLLEGE. MULTIDISCIPLINARY PROGRAMS EDWARD TUCCIO '91 AND KIMBERLY TUCCIO PLEDGED $787,500 FOR THE RENOVATION OF THE EDWARD J. TUCCIO '91 STUDENT SUCCESS CENTER AT 58 GEORGE STREET, WHICH WILL HOUSE THE CAREER CENTER AND OTHER STUDENT-FOCUSED RESOURCES. CHARLES HODSON PLEDGED $525,000 TO SUPPORT THE FINANCIAL WELLNESS STAFF SUPPORT FUND.HONORS COLLEGE SABINE LANG PLEDGED $50,000 TO SUPPORT HER NAMESAKE SCHOLARSHIP, THE SABINE LANG ENDOWED HONORS SUCCESS SCHOLARSHIP. MICHAEL SHEMTOV '00 COMMITTED $50,000 FROM HIS ESTATE TO THE HONORS COLLEGE DEAN'S EXCELLENCE FUND.SCHOOL OF SCIENCES, MATHEMATICS AND ENGINEERING THE TIDES FOUNDATION PLEDGED $100,000 TO THE SCHOOL OF SCIENCES, MATHEMATICS AND ENGINEERING DEAN'S EXCELLENCE FUND TO SUPPORT THE SCHOOL OF ENGINEERING. KION NORTH AMERICA CORPORATION PLEDGED $55,000 TO SUPPORT THE KION ENDOWED ENGINEERING SCHOLARSHIP. SCOTT WARD COMMITTED $50,000 FROM HIS ESTATE TO SUPPORT THE SCOTT WARD AWARD FOR EXCELLENCE IN MATHEMATICAL STUDIES. REI AUTOMATION, INC. PLEDGED $50,000 TO SUPPORT THE REI AUTOMATION ENDOWED ENGINEERING SCHOLARSHIP.SCHOOL OF BUSINESS AN ANONYMOUS DONOR GAVE $160,000 TO SUPPORT THE CENTER FOR PUBLIC CHOICE AND MARKET PROCESS. EXPLORE CHARLESTON PLEDGED $100,000 TO SUPPORT THE HOSPITALITY AND TOURISM MANAGEMENT OPERATING FUND. JOSEPH W. KAEMPFER, JR. GAVE $35,000 TO SUPPORT THE SCHOOL OF BUSINESS DEAN'S EXCELLENCE FUND.SCHOOL OF HUMANITIES AND SOCIAL SCIENCES LUCIE HOLLAND COMMITTED $50,000 FROM HER ESTATE TO SUPPORT THE CARTER HOLLAND MEMORIAL ENDOWED SCHOLARSHIP IN COMMUNICATION. AN ANONYMOUS DONOR GAVE $50,000 TO SUPPORT THE BEHAVIORAL PSYCHOLOGY RESEARCH FUND.SCHOOL OF EDUCATION RENEE BLACK COMMITTED $250,000 FROM HER ESTATE TO SUPPORT THE MARIE LEPRINCE FARMER ANNUAL SCHOLARSHIP, WHICH SUPPORTS MINORITY STUDENTS MAJORING IN TEACHER EDUCATION. CRAIG KINGERY GAVE $40,000 TO SUPPORT THE DR. DAN AND LEE KINGERY ENDOWED AWARD.SCHOOL OF HEALTH AND HUMAN PERFORMANCE AN ANONYMOUS DONOR GAVE $30,000 TO SUPPORT THE DEAN FRANCES C. WELCH SCHOLARSHIP, WHICH SUPPORTS STUDENTS MAJORING IN EXERCISE SCIENCE OR PUBLIC HEALTH.UNRESTRICTED RYAN VELASCO '02 COMMITTED $150,000 FROM HIS ESTATE TO SUPPORT THE CAMPUS PRESERVATION FUND. PABLO AND CARINA CALDERINI GAVE $25,000 TO SUPPORT THE PRESIDENT'S STRATEGIC INITIATIVE FUND. MARGARET MOHRMANN '69 COMMITTED $25,000 FROM HER ESTATE TO SUPPORT THE 250TH AND BEYOND FUND.
SEE SCHEDULE O FOR A COMPLETE DESCRIPTION OF OUR ACCOMPLISHMENTSTHE STORIES OF INSPIRATION AND MOTIVATION THAT TAKE PLACE BEHIND THE FIGURES SHOWCASE HOW GIVING IMPACTS THE COLLEGE OF CHARLESTON CAMPUS. THE FOLLOWING ARE EXAMPLES OF THE COMMITMENTS THAT SUSTAIN THE COLLEGE'S EFFORTS TO PROVIDE EXCELLENCE IN EDUCATION:SCHOLARSHIPS/AWARDS A DONOR COMMITTED $750,000 FROM HER ESTATE TO SUPPORT HER ESTABLISHED SCHOLARSHIPS. A FOUNDATION DONOR PLEDGED $230,000 TO SUPPORT A NAMED SCHOLARSHIP, WHICH PROVIDES FINANCIAL ASSISTANCE. THEIR TOTAL GIVING TO THE COFC FOUNDATION IS NEARLY $3 MILLION SINCE THE 1980S. MARK AND LYN MICHELS COMMITTED $100,000 FROM THEIR ESTATE TO ESTABLISH THE MICHELS FAMILY ENDOWED SCHOLARSHIP.LIBRARIES THE MELLON FOUNDATION AWARDED A $2 MILLION DOLLAR GRANT TO THE AVERY RESEARCH CENTER FOR AFRICAN AMERICAN HISTORY AND CULTURE TO SUPPORT THE COLLECTION AND PRESERVATION OF DOCUMENTS, ARTIFACTS, STORIES, PHOTOGRAPHS AND ALL OTHER MATERIALS RELATED TO THE AVERY. A DONOR COMMITTED $250,000 IN HER ESTATE TO SUPPORT THE LOWCOUNTRY LGBTQ+ DOCUMENTATION PROJECT THROUGH SPECIAL COLLECTIONS AT ADDLESTONE LIBRARY. WILLIAM ESTES GIFTED THE COLLEGE A CHARLES HAMILTON SMITH (FLEMISH 1776-1859) COLLECTION OF ORIGINAL MANUSCRIPT PAGES WITH WATERCOLOR ILLUSTRATIONS OF THE AMERICAS, VALUED AT $175,200. STEPHANIE QUICK COMMITTED $100,000 FROM HER ESTATE TO SUPPORT THE JEWISH HERITAGE COLLECTION. PETER FRANK GIFTED THE COLLEGE THE PERSONAL PAPERS OF AUTHOR DOROTHEA BENTON FRANK, VALUED AT $100,000, WHICH INCLUDES MANUSCRIPT DRAFTS, WRITING WORK, RESEARCH FILES, AND CORRESPONDENCE. SCHOOL OF THE ARTS PHYLLIS JESTICE COMMITTED $348,037 FROM HER ESTATE TO SUPPORT THE MUSIC DEPARTMENT FUND. WILLIAM GAUD GAVE $66,863 TO SUPPORT THE FRANCES GRIMBALL GAUD PROFESSOR OF ART. JANET HAUGHEY GAVE $50,000 TO SUPPORT THE SCHOOL OF THE ARTS DEAN'S EXCELLENCE FUND. VALERIE MORRIS PLEDGED $50,000 TO ESTABLISH THE BORIS BOHUN-CHUDYNIV ENDOWED SCHOLARSHIP IN ARTS MANAGEMENT IN MEMORY OF HER LATE HUSBAND.SCHOOL OF LANGUAGES, CULTURES, AND WORLD AFFAIRS THE SAMUEL FREEMAN CHARITABLE TRUST GAVE $157,500 TO SUPPORT THE INTERNATIONAL SCHOLARS PROGRAM. THE LAWRENCE E. STEINBERG FOUNDATION GAVE $100,000 TO SUPPORT THE OLIVER STEINBERG SCHOLARSHIP FOR STUDENTS IN THE JEWISH STUDIES PROGRAM.ATHLETICS FOUNDERS FEDERAL CREDIT UNION PLEDGED $2.1 MILLION TO SUPPORT THE CONSTRUCTION OF THE FOUNDERS BASEBALL PERFORMANCE CENTER AT THE COLLEGE OF CHARLESTON'S BASEBALL FACILITIES AT PATRIOTS POINT ATHLETICS COMPLEX, THE LARGEST ATHLETICS GIFT IN THE COLLEGE'S HISTORY. AN ANONYMOUS DONOR PLEDGED $250,000 TO THE MEN'S BASKETBALL COMPETITIVE EXCELLENCE FUND, WITH TOTAL FY23 PLEDGES FOR THE FUND TOTALING MORE THAN $1.4 MILLION DOLLARS. ROBERT CLAWSON, JR. GAVE $100,000 TO SUPPORT THE ROBERT G. CLAWSON, JR. ENDOWED SCHOLARSHIP AND THE ROBERT G. CLAWSON, III ENDOWED SCHOLARSHIP, BOTH OF WHICH SUPPORT STUDENT ATHLETES AT THE COLLEGE. MULTIDISCIPLINARY PROGRAMS EDWARD TUCCIO '91 AND KIMBERLY TUCCIO PLEDGED $787,500 FOR THE RENOVATION OF THE EDWARD J. TUCCIO '91 STUDENT SUCCESS CENTER AT 58 GEORGE STREET, WHICH WILL HOUSE THE CAREER CENTER AND OTHER STUDENT-FOCUSED RESOURCES. CHARLES HODSON PLEDGED $525,000 TO SUPPORT THE FINANCIAL WELLNESS STAFF SUPPORT FUND.HONORS COLLEGE SABINE LANG PLEDGED $50,000 TO SUPPORT HER NAMESAKE SCHOLARSHIP, THE SABINE LANG ENDOWED HONORS SUCCESS SCHOLARSHIP. MICHAEL SHEMTOV '00 COMMITTED $50,000 FROM HIS ESTATE TO THE HONORS COLLEGE DEAN'S EXCELLENCE FUND.SCHOOL OF SCIENCES, MATHEMATICS AND ENGINEERING THE TIDES FOUNDATION PLEDGED $100,000 TO THE SCHOOL OF SCIENCES, MATHEMATICS AND ENGINEERING DEAN'S EXCELLENCE FUND TO SUPPORT THE SCHOOL OF ENGINEERING. KION NORTH AMERICA CORPORATION PLEDGED $55,000 TO SUPPORT THE KION ENDOWED ENGINEERING SCHOLARSHIP. SCOTT WARD COMMITTED $50,000 FROM HIS ESTATE TO SUPPORT THE SCOTT WARD AWARD FOR EXCELLENCE IN MATHEMATICAL STUDIES. REI AUTOMATION, INC. PLEDGED $50,000 TO SUPPORT THE REI AUTOMATION ENDOWED ENGINEERING SCHOLARSHIP.SCHOOL OF BUSINESS AN ANONYMOUS DONOR GAVE $160,000 TO SUPPORT THE CENTER FOR PUBLIC CHOICE AND MARKET PROCESS. EXPLORE CHARLESTON PLEDGED $100,000 TO SUPPORT THE HOSPITALITY AND TOURISM MANAGEMENT OPERATING FUND. JOSEPH W. KAEMPFER, JR. GAVE $35,000 TO SUPPORT THE SCHOOL OF BUSINESS DEAN'S EXCELLENCE FUND.SCHOOL OF HUMANITIES AND SOCIAL SCIENCES LUCIE HOLLAND COMMITTED $50,000 FROM HER ESTATE TO SUPPORT THE CARTER HOLLAND MEMORIAL ENDOWED SCHOLARSHIP IN COMMUNICATION. AN ANONYMOUS DONOR GAVE $50,000 TO SUPPORT THE BEHAVIORAL PSYCHOLOGY RESEARCH FUND.SCHOOL OF EDUCATION RENEE BLACK COMMITTED $250,000 FROM HER ESTATE TO SUPPORT THE MARIE LEPRINCE FARMER ANNUAL SCHOLARSHIP, WHICH SUPPORTS MINORITY STUDENTS MAJORING IN TEACHER EDUCATION. CRAIG KINGERY GAVE $40,000 TO SUPPORT THE DR. DAN AND LEE KINGERY ENDOWED AWARD.SCHOOL OF HEALTH AND HUMAN PERFORMANCE AN ANONYMOUS DONOR GAVE $30,000 TO SUPPORT THE DEAN FRANCES C. WELCH SCHOLARSHIP, WHICH SUPPORTS STUDENTS MAJORING IN EXERCISE SCIENCE OR PUBLIC HEALTH.UNRESTRICTED RYAN VELASCO '02 COMMITTED $150,000 FROM HIS ESTATE TO SUPPORT THE CAMPUS PRESERVATION FUND. PABLO AND CARINA CALDERINI GAVE $25,000 TO SUPPORT THE PRESIDENT'S STRATEGIC INITIATIVE FUND. MARGARET MOHRMANN '69 COMMITTED $25,000 FROM HER ESTATE TO SUPPORT THE 250TH AND BEYOND FUND.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Todd Abedon Director | Trustee | 1 | $0 |
Johnnie Baxley Secretary | OfficerTrustee | 1 | $0 |
Peggy Boykin Director | Trustee | 1 | $0 |
Mark Buono Director | Trustee | 1 | $0 |
John Carter Director | Trustee | 1 | $0 |
Elizabeth Colbert Busch Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Truist Bank (Formerly Bb&t) Banking / Financial Services | 6/29/23 | $333,025 |
Aramark Services Inc Catering | 6/29/23 | $520,687 |
Haynsworth Sinkler Boyd Pa Legal | 6/29/23 | $187,513 |
Town Of Mount Pleasant Consulting | 6/29/23 | $180,743 |
Marketing Communication Resource Inc Marketing | 6/29/23 | $157,181 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $10,229,730 |
Investment income | $5,562 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $695,491 |
Net Gain/Loss on Asset Sales | $36,972 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $11,402,265 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $388,476 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $556,516 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,518,957 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $341,197 |
Payroll taxes | $53,024 |
Fees for services: Management | $0 |
Fees for services: Legal | $51,867 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $48,920 |
Fees for services: Other | $655,705 |
Advertising and promotion | $90,347 |
Office expenses | $985,999 |
Information technology | $314,395 |
Royalties | $0 |
Occupancy | $217,809 |
Travel | $372,932 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $818,682 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $257,812 |
Insurance | $20,406 |
All other expenses | $0 |
Total functional expenses | $12,285,836 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,022,147 |
Savings and temporary cash investments | $3,646,097 |
Pledges and grants receivable | $5,653,910 |
Accounts receivable, net | $1,538,638 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $158,632 |
Investments—publicly traded securities | $401,343 |
Investments—other securities | $137,851,934 |
Investments—program-related | $9,786,473 |
Intangible assets | $0 |
Other assets | $97,879 |
Total assets | $165,475,152 |
Accounts payable and accrued expenses | $477,527 |
Grants payable | $1,507,281 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $57,634 |
Total liabilities | $2,042,442 |
Net assets without donor restrictions | $16,768,587 |
Net assets with donor restrictions | $146,664,123 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $163,432,710 |
Over the last fiscal year, College Of Charleston Foundation has awarded $4,819,110 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
COLLEGE OF CHARLESTON PURPOSE: 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. | $4,264,102 |
COLLEGE OF CHARLESTON ALUMNI ASSOCIATION PURPOSE: 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, 2019 - JUNE 30, 2022 THE FOUNDATION PAID THE ALUMNI ASSOCIATION $150,000 IN ACCORDANCE WITH THE MOU. | $150,000 |
CHARLESTON ATHLETIC FUND PURPOSE: COLLEGE OF CHARLESTON COUGAR CLUB: OPERATIONAL SUPPORT | $405,008 |