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TOTAL SOURCES (FY18)
$97,394,442
State Appropriations, Tuition and Fees
$11,015,727
Student Fees
$11,978,049
External Revenues
$72,621,478
Internal Revenues
$799,175
Private Gifts Available for Use
$902,869
Auxiliary Interest Income
$77,145
TOTAL USES (July 1–Dec. 31, 2017)
$49,178,650
Staff Wages and Benefits
$14,406,625
Student Wages and Benefits
$1,619,026
Operating Expenses and Supplies
$13,950,092
Professional Development and Travel
$433,604
Equipment
$912,688
Debt Service
$9,965,831
Capital Projects
$2,604,900
University General and Administrative
$5,285,886
TIGER SPOTLIGHT: THE REED FAMILY
FINANCIAL SUMMARY:
As president and CEO of Rust-Oleum since 2007, Tom Reed knows a thing or two about leadership. He firmly
believes Clemson is in excellent shape under the direction of President Jim Clements and Vice President for
Student Affairs Almeda Jacks.
“The people here attract you to Clemson,” said the Illinois resident, whose son Matt is a senior financial
management major.
On Matt’s tour of campus, Tom and Kathy Reed saw that attraction first-hand. A group of students drove by
Matt’s tour group and, after rolling down its car windows, yelled “Come to Clemson!”
“That’s a pretty good statement to have students willing to do that,” he said. “They weren’t wrong. Matt toured
many schools in North and South Carolina and had good ones to choose from near our home in the Midwest,
but he still chose Clemson.”
Prior to Matt’s enrollment, the Reed family had no affiliation with the university. Since that time, however, they have been active members of
the Vice President’s Executive Council. Tom Reed was most recently named to the President’s Advisory Board as well.
Reed has always held a philanthropic viewpoint. He formed Rust-Oleum Cares, a charitable arm of the company he’s been a part of since 1983,
and its mission is to restore and renew the lives of people in or near the communities where different Rust-Oleum facilities are located.
He decided to help make a similar impact at Clemson. An avid softball player, Reed has participated in national tournaments and won
championships in various age brackets, including the 60-year-old division last year. Combining his passion for the sport and strong belief in
the value of competition, Reed has pledged to name a future field at the Snow Family Outdoor Fitness and Wellness Center.
“I believe in providing recreational activity for students,” he said. “Clemson is ranked high nationally in intramural sports interest, so it’s important.
The generosity of Dave and Lynnette Snow, who will match our gift, has been amazing. We’re happy to support their efforts.”
The Division of Student Affairs is on target with regard to spending
based on mid-year FY18. Entering January 2018, Student Affairs had
49 percent of its budget available for the remainder of FY18. In terms
of fundraising, Student Affairs has $3,041,863 in pledges for FY18,
an increase of nearly $2 million over the same point a year ago.
CONSTRUCTION WILL BEGIN IN 2018 ON A CORE FACILITY AT THE SNOW CENTER.
BOARD OF TRUSTEES — FEBRUARY 2018
CLEMSON
®
STUDENT AFFAIRS —
QUARTERLY UPDATE
CAPITAL PROJECTS:
In December, the division received final state approval to move
forward with the second phase of the Snow Family Outdoor Fitness
and Wellness Center. The phase includes the construction of a new
field covering 140,000 square feet for intramural and club sports
competition, as well as a new Clemson Outdoor Recreation and
Education (CORE) facility.
(L-R) TOM, MATT AND KATHY REED