College of Charleston Foundation

“During the 2017 fiscal year, the following changes to the bylaws were adopted by the board of directors: day-to-day activities of the board are delegated to the executive committee (article iii.f.) the board size may increase to up to 60 directors, with no more than eight new directors being elected in any one year (article iv, section 4.2) currently serving directors may serve up to three consecutive terms instead of two (to help facilitate a smooth transition to a larger board) (article iv, section 4.3) creation of an advancement committee to focus on how the college can help advance the college, which will also include non-foundation board members and members of the community (article vii, section 7.1 and section 7.10) expansion of the executive committee to 17 people (article vii, section 7.2)”

“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.”

“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.”

“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.”

“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.”

“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.”

“Libraries katie levi gifted the foundation full-size folio reproductions of the audubon books valued at more than $32,000. Since the foundation has the original audubon folios, which are normally exhibited two at a time, turning pages once a week, these reproductions will allow the college to let students and visitors touch the images, turn pages, and get up close and personal with these unique resources. The gaylord and dorothy donnelley foundation granted $200,000 and philanthropist linda ketner issued a $25,000 challenge grant to support the documenting lgbtq life in the lowcountry initiative, which seeks to shed light on the experiences of the region's understudied lgbtq population by collecting archival materials and recording oral histories. School of the arts the joanna foundation gave the halsey institute of contemporary art a gift of $50,000 to support its endowment. The gift is being used to leverage other donations to continue building the halsey's endowment. In recognition of this generous commitment as well as the long-term association between the halsey and the joanna foundation, the video cavern screening room has been named in honor of the joanna foundation. School of professional studies prudential financial gave $10,000 to the school of professional studies to help underwrite the veteran's day event, which includes military and veterans career workshops and a hiring event for the college's veteran and active military students. School of languages, cultures, and world affairs the samuel freeman charitable trust continued its support of the efforts of the school of languages, cultures, and world affairs to be the international hub for the college. The trust's recent commitments support the international scholars program, global fluency exchange (gfe) and distinguished scholar in global policy. The gfe will be the center-point for international experiential learning required to fulfill the college's and lcwa's mission by connecting our students with opportunities to involve themselves in thinking about and working on real-world challenges both within our community and abroad. The distinguished scholar will attract a renowned expert in global policy to visit the college. Anita zucker pledged $500,000 to create an endowed fund to provide an annual award for students in the perlmutter fellows program. The award is used for summer research, study abroad and other experiential learning opportunities. Athletics gregory j. Pryor and ann pryor established the first-ever endowed program fund for the baseball team through an estate gift. The unrestricted fund will support travel, competition and practice expenses as well as facilities needs. Susi beatty '86 continued her annual support of the susi beatty big cat scholarship with a gift of $100,000. The scholarship is for student-athletes who participate in men's and women's basketball and softball. Multidisciplinary programs parents mike and allyson sanderson gave $50,000 to support the bonner leaders program, a four-year civic leadership and development program highlighted by regular training and reflection activities. The program benefits students who have demonstrated a commitment to service, have a desire to enhance their leadership skills, and are advocates for social justice and change. The cron family foundation provided the crossing the cistern program with its first philanthropic investment. The $15,000 gift will provide general programming support to the program, which is a one-year momentum program to address the scholastic struggles of all students, with a particular focus on african american, latin american, asian american and native american students. Daniel barry '88 and his wife leslie provided a $100,000 commitment through their estate to support the college of charleston fund area of greatest need. This fund is the college's unrestricted fund, which assists with addressing immediate needs as well as emerging priorities of the school. Td charitable founda”

“Change in value of split interest -9,005. Change in allowance of uncollectible promises to give 15,745. Change in value of marine genomics grant -71,918.”

“There has been no change in the foundation's oversight or selection processes from prior years.”