EIN 23-7069236

College of Charleston Foundation

IRS 501(c) type
501(c)(3)
Num. employees
6
Year formed
1970
Most recent tax filings
2023-06-01
Description
The Mission of the College of Charleston Foundation is to promote programs of education, research, student development, and faculty development for the exclusive benefit of the College of Charleston.
Total revenues
$13,203,026
2023
Total expenses
$14,605,720
2023
Total assets
$176,644,406
2023
Num. employees
6
2023

Program areas at College of Charleston Foundation

See schedule o for a complete description of our accomplishmentsthe College of Charleston Foundation has been dedicated to supporting the activities and goals of the College for more than 50 years. In doing so, the fiscal year ending june 30, 2023 garnered approximately $20.6 million in total commitments.several points of pride emerge from the Foundation's fy23 accomplishments: a total of 9,249 donors supported the College, an increase of 2% from the previous fiscal year $7.1 million in cash, stock and in-kind receipts 47 new restricted funds and 25 new endowment funds were created $4.1 million secured in estate intentions corporate and Foundation relations led the constituencies in new commitments with $7.7 million friends of the College donors were second only to corporate and Foundation relations among constituencies, with more than $5.3 million in commitments alumni were the third most generous constituency with $4.4 million in commitments the commitments by faculty and staff were $529,446 approximately 1,025 students received more than 1,350 scholarships funded through philanthropy from more than $5.4 million made available in scholarships and awardsthe third annual cofc day took place january 26, 2023 and was another success, raising a total of $6.7m+ in total commitments from nearly 2,250 donors. Cofc day is not only a successful fundraising drive but is also a way to instill pride and spirit into the hearts and minds of alumni, parents, friends, faculty/staff and students. The stories of inspiration and motivation that take place behind the figures showcase how giving impacts the College of Charleston campus. The following are examples of the commitments that sustain the College's efforts to provide excellence in education:scholarships/awards a donor committed $750,000 from her estate to support her established scholarships. A Foundation donor pledged $230,000 to support a named scholarship, which provides financial assistance. Their total giving to the cofc Foundation is nearly $3 million since the 1980s. Mark and lyn michels committed $100,000 from their estate to establish the michels family endowed scholarship.libraries the mellon Foundation awarded a $2 million dollar grant to the avery research center for african american history and culture to support the collection and preservation of documents, artifacts, stories, photographs and all other materials related to the avery. A donor committed $250,000 in her estate to support the lowcountry lgbtq+ documentation project through special collections at addlestone library. William estes gifted the College a charles hamilton smith (flemish 1776-1859) collection of original manuscript pages with watercolor illustrations of the americas, valued at $175,200. Stephanie quick committed $100,000 from her estate to support the jewish heritage collection. Peter frank gifted the College the personal papers of author dorothea benton frank, valued at $100,000, which includes manuscript drafts, writing work, research files, and correspondence. School of the arts phyllis jestice committed $348,037 from her estate to support the music department fund. William gaud gave $66,863 to support the frances grimball gaud professor of art. Janet haughey gave $50,000 to support the school of the arts dean's excellence fund. Valerie morris pledged $50,000 to establish the boris bohun-chudyniv endowed scholarship in arts management in memory of her late husband.school of languages, cultures, and world affairs the samuel freeman charitable trust gave $157,500 to support the international scholars program. The lawrence e. steinberg Foundation gave $100,000 to support the oliver steinberg scholarship for students in the jewish studies program.athletics founders federal credit union pledged $2.1 million to support the construction of the founders baseball performance center at the College of Charleston's baseball facilities at patriots point athletics complex, the largest athletics gift in the College's history. An anonymous donor pledged $250,000 to the men's basketball competitive excellence fund, with total fy23 pledges for the fund totaling more than $1.4 million dollars. Robert clawson, jr. Gave $100,000 to support the robert g. clawson, jr. endowed scholarship and the robert g. clawson, iii endowed scholarship, both of which support student athletes at the College. Multidisciplinary programs edward tuccio '91 and kimberly tuccio pledged $787,500 for the renovation of the edward j. tuccio '91 student success center at 58 george street, which will house the career center and other student-focused resources. Charles hodson pledged $525,000 to support the financial wellness staff support fund.honors College sabine lang pledged $50,000 to support her namesake scholarship, the sabine lang endowed honors success scholarship. Michael shemtov '00 committed $50,000 from his estate to the honors College dean's excellence fund.school of sciences, mathematics and engineering the tides Foundation pledged $100,000 to the school of sciences, mathematics and engineering dean's excellence fund to support the school of engineering. Kion north america corporation pledged $55,000 to support the kion endowed engineering scholarship. Scott ward committed $50,000 from his estate to support the scott ward award for excellence in mathematical studies. Rei automation, inc. Pledged $50,000 to support the rei automation endowed engineering scholarship.school of business an anonymous donor gave $160,000 to support the center for public choice and market process. Explore Charleston pledged $100,000 to support the hospitality and tourism management operating fund. Joseph w. kaempfer, jr. Gave $35,000 to support the school of business dean's excellence fund.school of humanities and social sciences lucie holland committed $50,000 from her estate to support the carter holland memorial endowed scholarship in communication. An anonymous donor gave $50,000 to support the behavioral psychology research fund.school of education renee black committed $250,000 from her estate to support the marie leprince farmer annual scholarship, which supports minority students majoring in teacher education. Craig kingery gave $40,000 to support the dr. dan and lee kingery endowed award.school of health and human performance an anonymous donor gave $30,000 to support the dean frances c. welch scholarship, which supports students majoring in exercise science or public health.unrestricted ryan velasco '02 committed $150,000 from his estate to support the campus preservation fund. Pablo and carina calderini gave $25,000 to support the president's strategic initiative fund. Margaret mohrmann '69 committed $25,000 from her estate to support the 250th and beyond fund.
See schedule o for a complete description of our accomplishmentsthe stories of inspiration and motivation that take place behind the figures showcase how giving impacts the College of Charleston campus. The following are examples of the commitments that sustain the College's efforts to provide excellence in education:scholarships/awards a donor committed $750,000 from her estate to support her established scholarships. A Foundation donor pledged $230,000 to support a named scholarship, which provides financial assistance. Their total giving to the cofc Foundation is nearly $3 million since the 1980s. Mark and lyn michels committed $100,000 from their estate to establish the michels family endowed scholarship.libraries the mellon Foundation awarded a $2 million dollar grant to the avery research center for african american history and culture to support the collection and preservation of documents, artifacts, stories, photographs and all other materials related to the avery. A donor committed $250,000 in her estate to support the lowcountry lgbtq+ documentation project through special collections at addlestone library. William estes gifted the College a charles hamilton smith (flemish 1776-1859) collection of original manuscript pages with watercolor illustrations of the americas, valued at $175,200. Stephanie quick committed $100,000 from her estate to support the jewish heritage collection. Peter frank gifted the College the personal papers of author dorothea benton frank, valued at $100,000, which includes manuscript drafts, writing work, research files, and correspondence. School of the arts phyllis jestice committed $348,037 from her estate to support the music department fund. William gaud gave $66,863 to support the frances grimball gaud professor of art. Janet haughey gave $50,000 to support the school of the arts dean's excellence fund. Valerie morris pledged $50,000 to establish the boris bohun-chudyniv endowed scholarship in arts management in memory of her late husband.school of languages, cultures, and world affairs the samuel freeman charitable trust gave $157,500 to support the international scholars program. The lawrence e. steinberg Foundation gave $100,000 to support the oliver steinberg scholarship for students in the jewish studies program.athletics founders federal credit union pledged $2.1 million to support the construction of the founders baseball performance center at the College of Charleston's baseball facilities at patriots point athletics complex, the largest athletics gift in the College's history. An anonymous donor pledged $250,000 to the men's basketball competitive excellence fund, with total fy23 pledges for the fund totaling more than $1.4 million dollars. Robert clawson, jr. Gave $100,000 to support the robert g. clawson, jr. endowed scholarship and the robert g. clawson, iii endowed scholarship, both of which support student athletes at the College. Multidisciplinary programs edward tuccio '91 and kimberly tuccio pledged $787,500 for the renovation of the edward j. tuccio '91 student success center at 58 george street, which will house the career center and other student-focused resources. Charles hodson pledged $525,000 to support the financial wellness staff support fund.honors College sabine lang pledged $50,000 to support her namesake scholarship, the sabine lang endowed honors success scholarship. Michael shemtov '00 committed $50,000 from his estate to the honors College dean's excellence fund.school of sciences, mathematics and engineering the tides Foundation pledged $100,000 to the school of sciences, mathematics and engineering dean's excellence fund to support the school of engineering. Kion north america corporation pledged $55,000 to support the kion endowed engineering scholarship. Scott ward committed $50,000 from his estate to support the scott ward award for excellence in mathematical studies. Rei automation, inc. Pledged $50,000 to support the rei automation endowed engineering scholarship.school of business an anonymous donor gave $160,000 to support the center for public choice and market process. Explore Charleston pledged $100,000 to support the hospitality and tourism management operating fund. Joseph w. kaempfer, jr. Gave $35,000 to support the school of business dean's excellence fund.school of humanities and social sciences lucie holland committed $50,000 from her estate to support the carter holland memorial endowed scholarship in communication. An anonymous donor gave $50,000 to support the behavioral psychology research fund.school of education renee black committed $250,000 from her estate to support the marie leprince farmer annual scholarship, which supports minority students majoring in teacher education. Craig kingery gave $40,000 to support the dr. dan and lee kingery endowed award.school of health and human performance an anonymous donor gave $30,000 to support the dean frances c. welch scholarship, which supports students majoring in exercise science or public health.unrestricted ryan velasco '02 committed $150,000 from his estate to support the campus preservation fund. Pablo and carina calderini gave $25,000 to support the president's strategic initiative fund. Margaret mohrmann '69 committed $25,000 from her estate to support the 250th and beyond fund.

Grants made by College of Charleston Foundation

GranteeGrant descriptionAmount
Cougar Club / The College of Charleston Athletic Fund Athletic FundCollege of Charleston Cougar Club: Operational Support$405,008
College of Charleston Alumni AssociationCollege of Charleston Alumni Association: Per A Memorandum of Understanding (Mou) With the Alumni Association of the College of Charleston, the College of Charleston Foundation Shall Provide An Agreed Upon Amount of Annual Support To Enhance Alumni Engagement and Programs, With Payments Due at the Beginning of Each Quarter. the Mou Was Executed on December 7, 2012 and Effective Retroactively To July 1, 2012 for A Three-Year Period With the Approval of the Foundation Board of Directors and the Alumni Association Board of Directors. the Mou Was Renigotiated in 2015 for An Additional Three Years. for the Fiscal Year July 1, 2019 - June 30, 2022 the Foundation Paid the Alumni Association $150,000 in Accordance With the Mou.$150,000

Who funds College of Charleston Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$291,838
Lettie Pate Whitehead FoundationFor General Scholarship Support.$209,000
Lawrence Steinberg FoundationGeneral Support$202,600
...and 83 more grants received totalling $2,152,525

Personnel at College of Charleston Foundation

NameTitleCompensation
Dr. Sam Stafford Iii '68Chief Executive Officer
Jimmie Foster, Jr.Executive Vice President Student Affairs
Dr. Courtney HowardVice President of Access and Inclusion, Chief Diversity
Suzanne AustinProvost , Cofc$100,000
Dan FrezzaExecutive Director, College of Charleston Foundation
...and 13 more key personnel

Financials for College of Charleston Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$12,017,658
Program services$0
Investment income and dividends$87,923
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$695,491
Net gain from sale of non-inventory assets$-44,489
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$446,443
Total revenues$13,203,026

Form 990s for College of Charleston Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-02-15990View PDF
2022-062022-11-22990View PDF
2021-062021-12-06990View PDF
2020-062021-04-06990View PDF
2019-062020-10-16990View PDF
...and 10 more Form 990s
Data update history
August 10, 2024
Received grants
Identified 31 new grant, including a grant for $202,600 from Lawrence Steinberg Foundation
June 13, 2024
Updated personnel
Identified 3 new personnel
June 1, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 24, 2024
Updated personnel
Identified 11 new personnel
May 20, 2024
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
School foundationsGrantmaking organizationsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Funds one specific organizationProvides grantsOperates internationallyState / local levelEndowed supportTax deductible donationsAccepts online donations
General information
Address
66 George St
Charleston, SC 29424
Metro area
Charleston-North Charleston, SC
County
Charleston County, SC
Website URL
foundation.charleston.edu/ 
Phone
(843) 953-3130
IRS details
EIN
23-7069236
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1970
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B11: Education Single Organization Support
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Central organization
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