EIN 57-6028985

Medical University of South Carolina Foundation

IRS 501(c) type
501(c)(3)
Num. employees
3
Year formed
1966
Most recent tax filings
2022-06-01
Description
The Medical University of South Carolina Foundation (the "Foundation") was incorporated in july 1966 under the laws of South Carolina as an educational, charitable, eleemosynary Foundation to promote educational, research, clinical, and other faciliti...
Total revenues
$101,651,991
2022
Total expenses
$46,975,865
2022
Total assets
$730,105,616
2022
Num. employees
3
2022

Program areas at Medical University of South Carolina Foundation

Gifts and grants to the Medical University of South Carolina and the Medical University of South Carolina hospital authority to promote education, research and other programs. For fy22, significant support was provided through these gifts and grants to promote innovation and improved patient care and research. Specifically, musc doctors were awarded grants to increase access to telehealth based mental health treatment for South Carolina postpartum women and to launch a telehealth-enabled maternal home visitation program to improve health outcomes for South Carolina mothers and their newborns. In addition donors established a significant endowment to pilot and sustain maternal and newborn care in rural communities. Musc is a national leader in the delivery of telehealth medicine. Other discoveries were made in regards to the first gene type related to a misunderstood disease. Outreach to the South Carolina community continued with further growth and development of facilities and services in all areas of the state. The focus is to provide excellent health care to people in their community. The regional health network continues to be a transformative process for the musc health system in meeting and serving the citizens of South Carolina.
The Foundation continues to support the maintenance and creation of student and faculty facilities at the Medical University of South Carolina. The Foundation works strategically with the musc enterprise to provide and support state of the art facilities for the purposes of clinical care, research and education. These facilities are integral to the success of musc being recognized as a national leader in many disciplines and for its conitnued national growth in other focused clincial, academic and research areas.
Student scholarships - the musc enterprise is focused on the affordability of Medical education through scholarship opportunities for students. To this effort, the Foundation has partnered with musc to increase its support of scholarships now and in the future. Significant scholarship support was awarded across all 6 colleges that enabled students to begin or continue their goals in Medical education. The resources provided by the Foundation were combined with other resources of musc to create an ever growing base of awarded dollars to these students.

Grants made by Medical University of South Carolina Foundation

GranteeGrant descriptionAmount
Medical University Hospital AuthorityAssist Hospital$6,923,852

Who funds Medical University of South Carolina Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Clyde and Summer Anderson FoundationBenevolent Donation$2,000,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$731,533
National Philanthropic TrustHealth$530,000
...and 59 more grants received totalling $7,604,075

Personnel at Medical University of South Carolina Foundation

NameTitleCompensation
Stuart AmesChief Executive Officer Musc Foundation$0
Robyn M FramptonChief Executive Officer / Chief Operating Officer and Chief Financial Officer / Chief Financial Officer and TR$21,000
Charlene LisiCommunications Director
Travis BowensAccounts Payable Manager
Deborah A. SalvoFunds Manager
...and 5 more key personnel

Financials for Medical University of South Carolina Foundation

RevenuesFYE 06/2022
Total grants, contributions, etc.$55,439,177
Program services$8,873,843
Investment income and dividends$3,791,040
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$33,934,497
Net income from fundraising events$-386,566
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$101,651,991

Form 990s for Medical University of South Carolina Foundation

Fiscal year endingDate received by IRSFormPDF link
2020-062021-05-26990View PDF
2019-062020-09-17990View PDF
2018-062019-09-14990View PDF
2017-062018-08-23990View PDF
2016-062017-08-29990View PDF
...and 6 more Form 990s
Data update history
May 24, 2023
Updated personnel
Identified 3 new personnel
May 13, 2023
Used new vendors
Identified 3 new vendors, including , , and
May 7, 2023
Received grants
Identified 16 new grant, including a grant for $799,000 from Duke Endowment
August 3, 2022
Received grants
Identified 10 new grant, including a grant for $160,000 from Lupus Research Alliance (ALR)
September 24, 2021
Received grants
Identified 21 new grant, including a grant for $359,871 from Coastal Community Foundation
Nonprofit Types
School foundationsGrantmaking organizationsCharities
Issues
HealthEducation
Characteristics
Funds one specific organizationProvides grantsConducts researchFundraising eventsOperates internationallyState / local levelEndowed supportCommunity engagement / volunteeringTax deductible donationsNo full-time employees
General information
Address
18 Bee St
Charleston, SC 29403
Metro area
Charleston-North Charleston, SC
County
Charleston County, SC
Website URL
giving.musc.edu/foundation 
Phone
(843) 792-1315
IRS details
EIN
57-6028985
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1966
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B11: Education Single Organization Support
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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