Clemson University Land Stewardship Foundation Inc.

“Three directors shall be appointed by the board of trustees of clemson university and two directors shall be appointed by the board of directors of clemson university foundation.”

“Form 990 is sent to all board members for review and comment prior to filing. It is discussed and reviewed in depth by the finance committee.”

“Board members and officers are required to annually complete and sign a conflict of interest statement disclosing any interests which may be considered as a conflict relative to business dealings or board actions. These annual statements are reviewed and any conflicts acknowledged. In the event of a conflict, the individual involved will abstain from board actions where conflicts are deemed to be present. Review of any potentially conflicted business dealings is performed to ensure appropriateness and 'arm's length' negotiations and pricing.”

“Clemson university land stewardship foundation has no employees. Compensation of the ceo and other officers is determined by the human resources committee of the board of directors of clemson university foundation. This process includes an analysis of comparable position data at similar institutions and consideration of the standardized classification and compensation process for these positions as determined by clemson university's office of human resources under the established guidelines of the state of south carolina. The process is documented, and actions memorialized as a part of the permanent minutes of both the clemson university foundation human resources committee and the full board of directors. Clemson university land stewardship foundation is consulted annually regarding ceo and officer performance and is informed of and ratifies any compensation changes.”

“The foundation's website is (www.clemson.edu/giving/cufoundations/structure/culsf/). This website displays links to governing documents, financial statements, irs form 990 and the conflict of interest policy.”

“Professional fees: program service expenses 17,420. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,420. Contract services: program service expenses 363,445. Management and general expenses 0. Fundraising expenses 0. Total expenses 363,445. Maintenance contracts: program service expenses 434,854. Management and general expenses 0. Fundraising expenses 0. Total expenses 434,854.”