CHARLESTON, SC
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Sign In — Free (10 views/day)COLLEGE OF CHARLESTON FOUNDATION, founded in 1970, is a mid-sized nonprofit in the Education sector that reported $21.2M in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.2M, a strong 29% operating margin.
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.
The 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, 2024 garnered...
The 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, 2024 garnered approximately $26.9 million in total commitments. Several points of pride emerge from the Foundation's FY24 accomplishments: * A total of 8,927 donors supported the College, with 3,699 of those donors being new donors * $10.4 million in cash, stock and in-kind receipts * 42 new restricted funds and 28 new endowment funds were created * $4.1 million secured in estate intentions, a 63% increase over FY23 * Friends of the College donors led the constituencies in new commitments with $9.8 million * Alumni donors were second only to Friends of the College among constituencies, with more than $4.9 million in commitments * Corporations and Foundations were the third most generous constituency with $4.1 million in commitments * Approximately 1,110 students received more than 1,450 scholarships funded through philanthropy from more than $4.4 million made available in scholarships and awards The fourth annual CofC Day took place March 13th, 2024, and was another success, raising a total of $776,876 in total commitments from 2,161 donors. CofC Day is not only a successful fundraising drive but is also a way to instill pride and spirit in 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 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 $1.5 million dollars from their estate to support the John and Kay Wallace '82 Endowed Scholarship. * A donor committed $482,292 from their estate for the Rene and Hilda Debacker Endowed Scholarship. * A donor pledged $401,187.36 from their estate to support the College of Charleston General Scholarship Endowment. Libraries * A donor gave an in-kind gift of artwork valued at $1.29 million. * A donor gave an in-kind gift of a Charles Hamilton Smith (776-1859) collection of 38 watercolors, valued at $634,500. * A donor gave an in-kind gift of several paintings, valued at $195,000. * A donor gave an in-kind gift of thirty-three hand-colored lithographs extracted from the publication of the 1st Royal Octavo Edition of Birds of America (ca. 1839 - 1844), valued at $152,650. School of the Arts * A donor committed $346,571.43 from their estate to support the John Covington & Robert Lukey Performing Arts Endowed Scholarship. * A donor pledged $130,000 to support the Jake McGuire Savage "Jake's Music" Endowed Scholarship. * A donor gave a gift of $74,983.16 to support the Frances Grimball Gaud Professor of Art. School of Languages, Cultures, and World Affairs * A donor committed $346,571.43 from their estate to support the John Covington & Robert Lukey Endowed Scholarship for Study Abroad. * A donor gave a gift of $82,000 to support the Jewish Student Life Program Fund. Athletics * A donor committed $818,422.21 from their estate to support the Charlotte Buist Dickson Athletic Scholarship. * A donor pledged $369,092.37 from their estate to support the Bob & Charlotte Dickson Tennis Scholarship. * A donor pledged $120,000 to support the Men's Basketball Competitive Excellence Fund. Multidisciplinary Programs * A donor gave $199,660 to support the Center for Public Choice and Market Process. * A donor committed $140,000 from their estate to establish the Dmitar Denny Ciganovic Memorial FUNd, which supports staff wellness and activities on campus. Honors College * A donor pledged $750,000 to establish the Guffey Family Foundation Endowed Scholarship, which will support students in the Honors College. School of Natural and Environmental Sciences & School of Engineering, Computing and Mathematics * A donor pledged $1.79 million dollars to establish the Zucker Family Engineering Scholars Endowed Program. * A donor pledged $346,571 from their estate to support the John L. Covington, Jr. & Robert J. Lukey Endowed Scholarship for Science and Math. * A donor established a $100,000 pledge towards the Dean's Excellence Fund. School of Business * A donor pledged $1.1 million to establish the Buono Endowed Professorship in Commercial Real Estate. * A donor pledged $150,000 to support the Beemok Hospitality Collection Scholarship. * A donor committed $75,000 to establish the Nassetta Hospitality and Tourism Faculty Fellowship. School of Humanities and Social Sciences * A donor pledged $120,000 to support the Civil Discourse Initiative Fund. * A donor pledged $100,000 to support the Women's and Gender Studies Program. School of Education * A donor pledged $300,000 to establish the Mark and Judy Buono Endowed Scholarship to support students with a declared major in the School of Education. * A donor committed $50,000 from their estate to establish the Ann Gail Dacy and Lillian Edelson Endowed Scholarship to support students with a declared major in the School of Education. School of Health and Human Performance * A donor pledged $2,500 to continue the Dr. Deborah A. Miller Public Health Scholarship. Unrestricted * A donor committed $1.2 million dollars from their estate to support the Alumni Fund. * A donor pledged $500,000 to the CofC Area of Greatest Need Fund to be used for future CofC Day giving challenges.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $21,228,162 | $13,203,026 | +0.6% |
| Expenses | $15,040,272 | $14,605,720 | +0.0% |
| Net Income | $6,187,890 | $-1,402,694 | -5.4% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Mr Johnnie Baxley III | Secretary | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Mr R Keith Sauls | Vice Chair | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Mr Stephen Kerrigan | Chair | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Ms Patricia Ory | Treasurer | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Bartina L Edwards Esq | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Dr Charles Mosteller | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Dr Mark Buono | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Dr Neil Draisin | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Mr Brady Quirk-Garvan | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Mr Craig Eney | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Mr Eric Cox | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Mr H Chapman McKay | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Mr John Carter Jr | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Mr Justin McLain | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Mr Nicholas Glover | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Mr Richard Salmons Jr | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Mr Stephen Ryan Morris | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Mr Steve Osborne | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Mr Tanner Crunelle | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Mr Todd Abedon | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Mr William Penney Jr | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Mrs Beth Meredith | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Mrs Jean Johnson | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Mrs Katherine Williams | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Mrs Leslie Gambee | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Ms Jamilla Richelle Harper | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Ms Laura Ricciardelli | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Ms Michelle Y Mangum | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Ms Sabra Horne | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Ms Sherrie Snipes-Williams | Director | 1.0 |
Director
|
$0 | $0 | $0 |
| Dan Frezza | EVP-CofC Advancement, Foundation CEO | 12.0 |
Officer
|
$58,600 | $0 | $257,888 |
| J R Barnhart | Foundation CFO/COO | 32.0 |
Officer
|
$0 | $0 | $126,431 |
| Mr Andrew Hsu | President, CofC | 0.0 |
Key Emp
|
$274,686 | $0 | $516,812 |
| Ms Suzanne Austin | Provost, CofC | 0.0 |
Key Emp
|
$100,000 | $0 | $362,187 |
| Jimmie Foster | VP of Admissions | 0.0 |
Highest
|
$0 | $0 | $146,053 |
| Patrick Kelsey | Basketball Coach | 0.0 |
Highest
|
$375,000 | $0 | $1,146,920 |
| Paul Schwager | Business School Dean | 0.0 |
Highest
|
$30,000 | $0 | $305,838 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $21,228,162 | $15,040,272 | $204,281,779 | $6,187,890 |
| 2023 | $13,203,026 | $14,605,720 | $176,644,406 | $-1,402,694 |
| 2022 | $11,402,265 | $12,285,836 | $165,475,152 | $-883,571 |
| 2021 | $10,125,233 | $12,558,575 | $175,127,185 | $-2,433,342 |
| 2020 | $11,900,961 | $11,950,205 | $143,872,892 | $-49,244 |
| 2019 | $12,573,223 | $10,706,827 | $138,344,731 | $1,866,396 |
Compare COLLEGE OF CHARLESTON FOUNDATION with other nonprofits in South Carolina and across the country.