Clemson University Foundation

“The executive committee has authority to take official action between meetings of the full board on all matters, except the adoption of modification of the organization's constitution, basic policy pronouncements regarding governance of the organization, and actions specified in south carolina code section 33-31-825(e). Composition of the executive committee includes the following voting board members: chair, vice chair, and immediate past chair of the board, chairs of the standing board committees, and the board chair of two affiliated organizations. Additionally, several ex-officio/non-voting members of the full board are included.”

“A copy of the 990 is provided to all board members prior to filing, with the audit committee charged with reviewing the 990 in detail.”

“Clemson university foundation board and key employees receive a copy of the code of conduct with the conflict of interest policy annually for review and signature. Any director or officer who has an interest in a contract, a non-passive investment or other transaction presented to the board of directors or a committee thereof for authorization, approval or ratification shall make a prompt and full disclosure of his or her interest to the board of directors or such committee prior to any action on such contract or transaction by the board of directors or such committee. If a conflict is deemed to exist, such person shall not vote on, nor use his or her personal influence on, nor participate in (other than to present factual information or to respond to questions) the discussions or deliberations with respect to such contract or transactions.”

“Compensation of the ceo and other officers is set by the human resources committee of the board of directors for the clemson university foundation. The process includes an annual compensation review with analysis of data for comparable positions at similar institutions, as well as consideration of the standardized classification and compensation process for this position as determined by clemson university's office of human resources under the guidelines established by the state of south carolina. The process is documented and action memorialized as a part of the permanent minutes of both the human resources committee and the full board.”

“Documents are available on the organization's website and upon request. Exempt organization status was filed in 1933 and filing documents are not available.”

“Effective with the 2018 fiscal year, the clemson alumni association, the assets and operation for which were included as part of the foundation prior to july 1, 2017, began operating as a stand-alone non-profit organization. Assets directly attributable to the alumni association were contributed to the new organization and are reported in schedule i of the filing. This change did not impact the mission of the clemson university foundation.”

“Change in value of life insurance policies 34,192. Change in value of split interest agreements 1,222,675.”