Investor Presentaiton
University of South Carolina Upstate Foundation and Supporting Organization
Notes to Consolidated Financial Statements
The following tables set forth by level within the fair value hierarchy the Organization's assets accounted for at fair
value on a recurring basis as of June 30:
Fair value measurements at June 30, 2022 using:
Quoted prices
Fair value at
June 30,
2022
in active markets
for identical
assets
(Level 1 inputs)
Significant
other
observable
inputs
(Level 2 inputs)
Significant
unobservable
inputs
(Level 3 inputs)
Investments:
Domestic equity
International equity
$ 6,271,671
2,665,664
$ 6,271,671
$
2,665,664
Fixed income
2,895,415
2,397,949
497,466
Real assets
30,841
11,863,591
30,841
11,366,125
497,466
Alternative investments at net asset value (1)
1,756,470
Total investments
13,620,061
Assets held in charitable remainder trust
281,264
281,264
$ 13,901,325
$ 11,366,125
$
497,466
281,264
(1) In accordance with Subtopic 820-10, certain investments that were measured at net asset value per share (or its equivalent) have not been
classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value
hierarchy to the line items presented in the statement of financial position.
The following table sets forth a summary of the Organization's investments with a reported estimated fair value
using net asset value per share at June 30, 2022:
Fair Value at
June 30,
2022
Redemption
Redemption
Frequency
Period
Graham Absolute Return LTD Class B (a)
$
371,914
Quarterly
30 days
Alkoen Growth Offshore Fund II LTD Class 3 (b)
Nineteen 77 Global Multi-Strategy Alpha II LTD (c)
Nineteen 77 Global Merger Arbitrage LTD (d)
308,238
Quarterly
20 days
755,126
Monthly or Quarterly
30 days
321,192
Monthly
15 days
Total investments at net asset value
$
1,756,470
Investments:
Domestic equity
International equity
Flexible capital
Fixed income
Real assets
Common stocks
Total investments
Assets held in charitable
remainder trust
Fair value measurements at June 30, 2021 using:
Quoted prices Significant
Fair value at
June 30,
2021
in active markets
for identical
assets
(Level 1 inputs)
$ 4,678,503
$
2,708,551
3,244,145
4,062,125
1,523,611
259,449
16,476,384
other
observable
inputs
(Level 2 inputs)
$ 3,469,659
1,418,517
3,161,273
Significant
unobservable
inputs
(Level 3 inputs)
$ 1,208,844
1,290,034
82,872
4,062,125
356,753
1,166,858
259,449
259,449
12,468,327
3,748,608
325,661
325,661
$ 16,802,045
$ 259,449
$ 12,468,327
$ 4,074,269
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