Investor Presentaiton

University of South Carolina Upstate Foundation and Supporting Organization Notes to Consolidated Financial Statements Spending Policy and How the Investment Objectives Relate to the Spending Policy The amount of funds allocated for expenditure for the purposes for which the endowed funds were established are reviewed annually and calculated based on the prior 12-quarter rolling average Unitized Market Value of the primary management investment portfolio multiplied by the number of units held by each endowed fund on the calculation date. The current rate as of the date of adoption of this policy is up to 4%. This is consistent with the Organization's objective to maintain the purchasing power of the endowment assets held in perpetuity or for a specified term as well as to provide additional real growth through new gifts and investment return. Changes in endowment net assets by type of fund for the year ended June 30 are as follows: Endowment net assets, June 30, 2020 $ 10,908,977 New gifts Appropriations Investment income Endowment net assets, June 30, 2021 New gifts Appropriations Investment losses Endowment net assets, June 30, 2022 111,395 (89,837) 2,512,295 $ 13,442,830 1,412,361 (456,188) (1,933,254) $ 12,465,749 7. Related Party Transactions The following support was contributed by USC Upstate for the years ended June 30: 2022 2021 Salaries and fringe benefits Occupancy Technology and software 119,812 $ 109,656 4,410 4,411 3,000 3,000 127,222 117,067 The Organization provided the University support totaling $953,840 and $406,777 during the years ended June 30, 2022 and 2021, respectively. 8. Contingencies Loss contingencies are situations involving uncertainties as to possible loss. The uncertainties are resolved when certain events occur or fail to occur. The Organization maintains insurance against certain loss contingencies with liability policies and physical damage coverage. 14

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