Clemson University Foundation
- Assets
- $1.2b
- Revenue
- $112.5m
- Investments
- $282.6m
- Employees
- 3
- Location
- Clemson, SC
- Founding
- 06/1968
- Data as of
- 06/2021
- EIN
- 57-0426335
Organization Overview
Clemson University Foundation is located in Clemson, SC. The organization was established in 1968. 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 06/2022, Clemson University Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clemson University 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 06/2021, Clemson University Foundation generated $112.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $34.7m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CLEMSON UNIVERSITY FOUNDATION IS ORGANIZED TO PROMOTE THE WELFARE AND FUTURE DEVELOPMENT OF CLEMSON UNIVERSITY IN ITS EDUCATIONAL AND SCIENTIFIC PURPOSES; TO SEEK AND RECEIVE GIFTS OR PUBLIC FUNDS FOR THE BENEFIT OF CLEMSON UNIVERSITY THROUGH ENDOWMENT GIVING, FUND-RAISING, OR OTHER PROGRAMS; AND TO MANAGE PRUDENTLY SUCH FUNDS AND THE DISBURSEMENT OF SUCH WITH A POLICY THAT ENCOURAGES THE ENHANCEMENT OF RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SUPPORT: FUNDING PROVIDED TO SUPPORT THE EDUCATIONAL, RESEARCH, AND PUBLIC SERVICE MISSION OF CLEMSON UNIVERSITY, INCLUDING SUPPORT FOR SCHOLARSHIPS, FELLOWSHIPS, FACULTY SUPPORT, AND ACADEMIC PROGRAM SUPPORT. THE SOURCES FOR FUNDING PROGRAM SUPPORT INCLUDE DONOR RESTRICTED GIVING FOR THESE PURPOSES AND SPENDABLE RETURN SUPPORT FROM ENDOWMENT FUNDS DESIGNATED FOR THESE PURPOSES.
CAPITAL PROJECTS: FUNDING PROVIDED IN SUPPORT OF THE EDUCATIONAL, RESEARCH, AND PUBLIC SERVICE MISSION OF CLEMSON UNIVERSITY THROUGH FUNDRAISING EFFORTS FOR PHYSICAL PLANT NEEDS. THIS INCLUDES FUNDING IN SUPPORT OF PRIORITIZED CAPITAL PROJECTS AND EXPENDITURES INCLUDING RENOVATION OF EXISTING FACILITIES, CONSTRUCTION OF NEW FACILITIES, AND LARGE DOLLAR EQUIPMENT EXPENDITURES RELATED TO RESEARCH AND ACADEMIC PROGRAMMING. THE SOURCES FOR FUNDING FOR THESE CAPITAL EXPENDITURES IS THROUGH DONOR GIVING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janine A Bowen Director | Trustee | 2 | $0 |
Marshall Brown Director | Trustee | 2 | $0 |
Jeffrey Brown Director | Trustee | 1 | $0 |
Michael Crapps Director | Trustee | 1 | $0 |
James Creel Jr Director | Trustee | 1 | $0 |
John D Garrison Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goodwyn Mills And Cawood Inc Architectural Design, Dev Planning | 6/29/22 | $1,042,034 |
Aetos Alternatives Mgmt Lp Investment Advising | 6/29/22 | $676,791 |
Cambridge Associates Llc Investment Advising | 6/29/22 | $759,962 |
Aramark Educational Services Llc Catering/food Svcs | 6/29/22 | $672,989 |
Blackbaud Inc It Support | 6/29/22 | $466,051 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,212,564 |
| Investment income | $5,728,699 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,665,559 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $112,486,660 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $782,908 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $33,548 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,806 |
| Fees for services: Accounting | $81,174 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $134,174 |
| Fees for services: Investment Management | $1,684,502 |
| Fees for services: Other | $1,983,288 |
| Advertising and promotion | $193,708 |
| Office expenses | $650,756 |
| Information technology | $454,158 |
| Royalties | $0 |
| Occupancy | $322,901 |
| Travel | $401,887 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,327 |
| Insurance | $148,085 |
| All other expenses | $0 |
| Total functional expenses | $34,717,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $83,428,925 |
| Pledges and grants receivable | $118,646,804 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $831,798 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $388,270 |
| Investments—publicly traded securities | $717,558,521 |
| Investments—other securities | $282,577,728 |
| Investments—program-related | $20,000,000 |
| Intangible assets | $0 |
| Other assets | $8,322,121 |
| Total assets | $1,240,950,463 |
| Accounts payable and accrued expenses | $901,646 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $99,027,121 |
| 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 | $256,095,361 |
| Total liabilities | $356,024,128 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $884,926,335 |
Grants Awarded
Over the last fiscal year, Clemson University Foundation has awarded $27,227,264 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CLEMSON UNIVERSITY PURPOSE: TO PROMOTE THE WELFARE AND FUTURE DEVELOPMENT OF CLEMSON UNIVERSITY THROUGH PROGRAMMATIC AND SCHOLARSHIP SUPPORT | $27,189,454 |
CLEMSON ALUMNI ASSOCIATION PURPOSE: GENERAL SUPPORT | $7,090 |
IPTAY PURPOSE: GENERAL SUPPORT | $30,720 |