Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $47,969,799

• 1g · Noncash contributions included above

  $4,338,916

• 2a · Program service revenue: ENDOWMENT MANAGEMENT FEES

  total $3,046,509 · related or exempt $3,046,509

• 2b · Program service revenue: DEVELOPMENT FEES

  total $858,531 · related or exempt $858,531

• 2c · Program service revenue: PROGRAM & ACTIVITIES REVENUE

  total $311,579 · related or exempt $311,579

• 2d · Program service revenue: AFFILIATE SERVICE FEES

  total $252,500 · related or exempt $252,500

• 2e · Program service revenue: MEMBERSHIP & REGISTRATION FEES

  total $4,450 · related or exempt $4,450

• 2f · All other program service revenue

  total $146,910 · related or exempt $146,910

• 3 · Investment income

  total $12,997,969 · unrelated business -$53,727 · excluded $13,051,696

• 5 · Royalties

  total $2,904 · excluded $2,904

• 7a · Gross sales of assets other than inventory

  securities $131,362,156

• 7b · Less cost or other basis and sales expenses

  securities $121,668,501

• 7c · Gain or loss

  securities $9,693,655

• 7d · Net gain or loss

  total $9,693,655 · excluded $9,693,655

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $36,717,831 · program services $36,717,831

• 5 · Compensation of officers, directors and key employees

  total $1,978,486 · management and general $1,085,006 · fundraising $893,480

• 7 · Other salaries and wages

  total $1,132,242 · management and general $1,046,234 · fundraising $86,008

• 8 · Pension plan contributions

  total $101,137 · management and general $94,790 · fundraising $6,347

• 9 · Other employee benefits

  total $290,380 · management and general $277,354 · fundraising $13,026

• 10 · Payroll taxes

  total $152,698 · management and general $125,122 · fundraising $27,576

• 11b · Fees: legal

  total $801,912 · program services $759,667 · management and general $42,245

• 11c · Fees: accounting

  total $117,169 · management and general $117,169

• 11d · Fees: lobbying

  total $61,160 · management and general $61,160

• 11e · Fees: professional fundraising services

  total $1,101,548 · fundraising $1,101,548

• 11f · Fees: investment management

  total $1,720,826 · management and general $1,720,826

• 11g · Fees: other

  total $3,978,941 · program services $2,128,858 · management and general $1,347,186 · fundraising $502,897

• 12 · Advertising and promotion

  total $914,503 · program services $369,332 · management and general $7,206 · fundraising $537,965

• 13 · Office expenses

  total $965,243 · program services $315,942 · management and general $107,014 · fundraising $542,287

• 14 · Information technology

  total $328,812 · program services $59,448 · management and general $140,989 · fundraising $128,375

• 16 · Occupancy

  total $243,362 · program services $46,186 · management and general $100,411 · fundraising $96,765

• 17 · Travel

  total $853,491 · program services $333,956 · management and general $81,010 · fundraising $438,525

• 22 · Depreciation, depletion and amortization

  total $27,783 · management and general $27,783

• 23 · Insurance

  total $183,642 · program services $12,985 · management and general $170,657

• 24a · Other expenses: FUNCTIONS & EVENTS

  total $4,054,301 · program services $2,782,049 · management and general $64,360 · fundraising $1,207,892

• 24b · Other expenses: SHARED SERVICES

  total $2,289,659 · management and general $1,315,733 · fundraising $973,926

• 24c · Other expenses: DEVELOPMENT FEES

  total $722,218 · program services $658,355 · management and general $63,863

• 24d · Other expenses: MEMBERSHIPS/SUBSCRIPT.

  total $114,407 · program services $104,421 · management and general $5,610 · fundraising $4,376

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $81,031,808 · end of year $84,921,675

• 3 · Pledges and grants receivable

  beginning of year $152,605,716 · end of year $159,157,102

• 5 · Loans and receivables from officers and key people

  beginning of year $2,836,847 · end of year $3,770,891

• 9 · Prepaid expenses and deferred charges

  beginning of year $678,989 · end of year $483,126

• 10a · Land, buildings and equipment: cost or other basis

  $10,882,645

• 10b · Land, buildings and equipment: accumulated depreciation

  $1,769,698

• 10c · Land, buildings and equipment, net

  beginning of year $9,140,730 · end of year $9,112,947

• 11 · Investments: publicly traded securities

  beginning of year $682,554,065 · end of year $716,870,173

• 12 · Investments: other securities

  beginning of year $353,745,571 · end of year $411,535,276

• 13 · Investments: program-related

  beginning of year $20,000,000 · end of year $20,000,000

• 15 · Other assets

  beginning of year $5,582,416 · end of year $6,535,513

• 17 · Accounts payable and accrued expenses

  beginning of year $1,579,989 · end of year $1,523,449

• 21 · Escrow or custodial account liability

  beginning of year $132,415,389 · end of year $127,067,484

• 25 · Other liabilities

  beginning of year $248,564,721 · end of year $267,248,517

• 27 · Net assets without donor restrictions

  beginning of year $65,830,000 · end of year $75,671,762

• 28 · Net assets with donor restrictions

  beginning of year $859,786,043 · end of year $940,875,491

The filer's explanations (Part III)

PART I, LINE 1A

TRAVEL EXPENSES FOR THE SPOUSE OF THE CLEMSON UNIVERSITY SENIOR FUNDRAISING EMPLOYEE, THE PRESIDENT OF CLEMSON UNIVERSITY, ARE PAID WHEN A BONA FIDE BUSINESS PURPOSE EXISTS, WITH SUCH EXPENSES REVIEWED AND APPROVED BY SENIOR MANAGEMENT. AS EXPENSES ARE INCURRED FOR BUSINESS PURPOSES, THEY ARE NOT TREATED AS TAXABLE INCOME. THE SENIOR FUNDRAISING EMPLOYEE OF THE CLEMSON UNIVERSITY FOUNDATION, THE PRESIDENT OF CLEMSON UNIVERSITY, IS PROVIDED A FAMILY MEMBERSHIP TO A GOLF FACILITY, THE VALUE OF WHICH IS INCLUDED IN THE W-2 FOR THIS EMPLOYEE AS TAXABLE INCOME.

PART I, LINE 4B

THE PRESIDENT OF CLEMSON UNIVERSITY HAS A SECTION 457(F) DEFERRED COMPENSATION PLAN BASED ON PERFORMANCE METRICS WITH THE ANNUAL AMOUNT CONTRIBUTED TO THE PLAN DETERMINED BY THE CLEMSON UNIVERSITY BOARD OF TRUSTEES. THE PLAN IS FUNDED BY THE CLEMSON UNIVERSITY FOUNDATION. DURING THE TAX REPORTING PERIOD, $100,000 WAS CONTRIBUTED TO THE PLAN; HOWEVER, THERE WERE NO PAYMENTS OUT OF THE PLAN. ADDITIONALLY, A SUPPLEMENTAL RETIREMENT IS PROVIDED BY THE CLEMSON UNIVERSITY FOUNDATION IN THE FORM OF A COLLATERAL ASSIGNMENT SPLIT DOLLAR (CASD) ARRANGEMENT. SEE SCHEDULE L, PART V FOR A BROADER DESCRIPTION.

PART I, LINE 7

BOTH THE CEO'S AND CIO'S TOTAL COMPENSATION INCLUDES BASE COMPENSATION FOR SERVICES ALONG WITH VARIABLE COMPENSATION POTENTIAL. VARIABLE COMPENSATION, IF ANY, IS DETERMINED AT THE CLOSE OF THE FISCAL YEAR BASED UPON PRE-ESTABLISHED CRITERIA AND SUBJECT TO APPROVAL BY THE EXECUTIVE COMMITTEE (WITH HUMAN RESOURCES DELEGATION) AND REPORT TO THE FULL BOARD.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• CUF DATA ADMINISTRATOR LLC

  ADMINISTRATION OF INFORMATION TECHNOLOGY SERVICES · SC · income $0 · assets $5,258

  Directly controlled by CLEMSON UNIVERSITY FOUNDATION

• CUF EAST BAY PROPERTY LLC

  INVESTMENT IN ASSETS FOR CUF · SC · income $0 · assets $0

  Directly controlled by CLEMSON UNIVERSITY FOUNDATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CHARITABLE REMAINDER TRUSTS (19)

  T · TRUST · SC

• CLEMSON UNIVERSITY FOUNDATION HOLDINGS LLC

  C · INVESTMENTS · SC · 100% owned · controlled entity

  Directly controlled by CLEMSON UNIVERSITY FOUNDATION