Investor Presentaiton

University of South Carolina Upstate Foundation and Supporting Organization Consolidated Statement of Activities For the Year Ended June 30, 2021 Net assets without donor restrictions Net assets with donor restrictions Total Operating revenues, gains and other support: Contributions In-kind contributions Earned income - contributions 108,528 702,143 810,671 117,067 117,067 69,032 69,032 Unrealized gains on investments, net 500,753 2,551,960 3,052,713 Gain on sale of land 13,000 13,000 Investment income, net 16,208 119,455 135,663 Change in value of charitable remainder trust 32,510 32,510 Administrative fee 106,027 106,027 Other revenue 57,265 57,265 Satisfaction of program restrictions 614,496 (614,496) Total operating revenues, gains, and other support 1,533,344 2,860,604 4,393,948 Operating expenses: Program expenses: Scholarships Supporting services to USC Upstate Interest expense 109,331 109,331 406,777 406,777 20,310 20,310 In-kind expenses 117,067 117,067 Program operating expenses 125,023 125,023 Supporting expenses: Administrative fee 106,027 106,027 Bank fees 1,938 1,938 Foundation operating expenses 7,403 7,403 Total operating expenses 893,876 893,876 Change in net assets 639,468 2,860,604 3,500,072 Net assets, beginning of year 813,358 13,274,374 14,087,732 Net assets, end of year $ 1,452,826 $ 16,134,978 $ 17,587,804 See accompanying notes. 5

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