EIN 57-6028985

Medical University of South Carolina Foundation

IRS 501(c) type
501(c)(3)
Num. employees
1
Year formed
1966
Most recent tax filings
2023-06-01
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
$80,589,263
2023
Total expenses
$56,259,300
2023
Total assets
$755,133,409
2023
Num. employees
1
2023

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 comprehensive health care. Supported areas of note for fy 2023 include scientific discovery support for ehlers danlos syndrome, structural heart program initiatives and activities, hollings cancer center phase i clinical trials clinic and programs, transplant research institute advancements, equipment to serve head and neck cancer center.
Facilities - 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 continued 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. In fy 2023, 38 new scholarship funds were established.

Grants made by Medical University of South Carolina Foundation

GranteeGrant descriptionAmount
Medical University Hospital AuthorityAssist Hospital$6,746,770

Who funds Medical University of South Carolina Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Shriners Hospitals for ChildrenEndowed Professorship in Pediatric Burn Care$3,000,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$859,636
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$859,636
...and 84 more grants received totalling $14,674,156

Personnel at Medical University of South Carolina Foundation

NameTitleCompensation
Stuart AmesChief Executive Officer$0
Robyn FramptonChief Operating Officer and Executive Vice President$0
Matthew MuseChief Financial Officer$0
Matt MuseController$0
Jan Childress McCraryVice Chair$0
...and 3 more key personnel

Financials for Medical University of South Carolina Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$39,849,315
Program services$6,723,606
Investment income and dividends$7,401,148
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$26,820,175
Net income from fundraising events$-204,981
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$80,589,263

Form 990s for Medical University of South Carolina Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-03-22990View PDF
2022-062023-02-24990View PDF
2021-062022-05-12990View PDF
2020-062021-05-26990View PDF
2019-062020-09-17990View PDF
...and 9 more Form 990s

Organizations like Medical University of South Carolina Foundation

OrganizationLocationRevenue
Northern Illinois University FoundationDekalb, IL$24,268,397
University of Nevada-Reno FoundationReno, NV$59,644,067
University of Idaho FoundationMoscow, ID$83,800,693
Uc San Diego FoundationLa Jolla, CA$217,345,772
Unc Health FoundationChapel Hill, NC$57,795,670
Colorado School of Mines FoundationGolden, CO$34,178,818
Clemson University FoundationClemson, SC$80,225,172
MCV FoundationRichmond, VA$47,988,009
Rowan University Foundation (RUF)Glassboro, NJ$58,909,453
Uc Santa Cruz FoundationSanta Cruz, CA$30,846,304
Data update history
May 19, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 19, 2024
Updated personnel
Identified 5 new personnel
May 18, 2024
Received grants
Identified 2 new grant, including a grant for $100,000 from Tides Foundation
February 4, 2024
Received grants
Identified 1 new grant, including a grant for $50,000 from Sam Day Foundation
February 3, 2024
Received grants
Identified 42 new grant, including a grant for $760,000 from HW Schiller Family 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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