MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION Charity Report

Public IRS 990 nonprofit record

MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION

EIN 57-6028985 · Medical Disciplines Research (H90)

What they do

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 FACILITIES and PROGRAMS of THE MEDICAL UNIVERSITY of SOUTH CAROLINA ("MUSC"). IN 2005, THE FOUNDATION EXPANDED ITS PURPOSE BY AMENDING ITS BYLAWS to PROMOTE THE SAME TYPES of PROGRAMS THROUGH THE MEDICAL UNIVERSITY HOSPITAL AUTHORITY ("MUHA"), A COMPONENT UNIT of MUSC. IF THE FOUNDATION is DISSOLVED, ITS ASSETS SHALL BE TRANSFERRED to MUSC and USED BY MUSC IN ITS ACTIVITIES. THEREFORE, THE FOUNDATION MEETS THE DEFINITION ESTABLISHED BY THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD AS A COMPONENT UNIT of MUSC. MUSC is REQUIRED to INCLUDE FINANCIAL INFORMATION of THE FOUNDATION IN ITS REPORTING.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $81.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders34 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

48.32%of revenue went to mission work81.5% of expenses · Program services

5.74%of revenue went to fundraising9.7% of expenses

$59.27spent for every $100 of revenueRevenue covered expenses this year.

5.20%of revenue went to management and office costs8.8% of expenses

$11.66in assets for every $1 spent this yearSome assets cannot be spent right away.

68.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $3,132 for ROBYN FRAMPTON (COO/EXECUTIVE VICE PRES.). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$136,664,063

Mission workProgram services$66,042,86348.32% of revenue81.5% of expenses

ManagementOffice and general costs$7,111,8725.20% of revenue8.8% of expenses

FundraisingAsking for donations$7,849,4175.74% of revenue9.7% of expenses

Revenue left after expensesReported annual surplus$55,659,91140.73% of revenueShown in gray on the chart

Total expenses$81,004,15259.27% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 81.5% mission · 8.8% management · 9.7% fundraisingTotal expenses: 59.27% of revenue

2023Expense mix: 84.5% mission · 9.4% management · 6.1% fundraisingTotal expenses: 69.68% of revenue

2022Expense mix: 87.5% mission · 8.5% management · 4.0% fundraisingTotal expenses: 69.81% of revenue

2021Expense mix: 91.2% mission · 6.3% management · 2.5% fundraisingTotal expenses: 46.21% of revenue

2020Expense mix: 92.8% mission · 4.0% management · 3.2% fundraisingTotal expenses: 107.57% of revenue

2019Expense mix: 85.8% mission · 8.3% management · 5.9% fundraisingTotal expenses: 139.48% of revenue

2018Expense mix: 85.6% mission · 7.5% management · 6.9% fundraisingTotal expenses: 82.28% of revenue

2017Expense mix: 90.4% mission · 5.0% management · 4.6% fundraisingTotal expenses: 34.36% of revenue

Money in and money out

Revenue$136,664,063

Expenses$81,004,152

Annual surplus $55,659,911 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$66,042,863 · 81.5% of expenses

Management and office costs$7,111,872 · 8.8% of expenses

Fundraising$7,849,417 · 9.7% of expenses

See all reported dollar amounts

Revenue$136,664,063

Expenses$81,004,152

Assets$944,238,249

Income$644,283,179

Contributions$93,088,813

Mission work (program services)$66,042,863

Fundraising$7,849,417

Grants given$323,917,639

Average grant$20,244,852

Management and general$7,111,872

Stocks and bonds$412,400,904

Investing fees$1,030,438

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ROBYN FRAMPTONCOO/EXECUTIVE VICE PRES. · 40 hrs/week $3,132Base · Other $3,132

MATTHEW MUSECHIEF FINANCIAL OFF. THRU SEPT 24 · 40 hrs/week $1,700Base · Other $1,700

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (34)

ROBYN FRAMPTONCOO/EXECUTIVE VICE PRES.

MATTHEW MUSECHIEF FINANCIAL OFF. THRU SEPT 24

RICHARD ALMEIDADIRECTOR

MATTHEW FULLERCHIEF FINANCIAL OFF. BEGIN DEC. 24

MELVIN BROWNDIRECTOR

MICHAEL JOUKOWSKYDIRECTOR

MICHAEL STAVRINAKISDIRECTOR

MIGUEL THAMESDIRECTOR

NEIL GARFINKELDIRECTOR

OMAR RAMBERANDIRECTOR

LISA MONTGOMERYDIRECTOR

RICK DHILLONDIRECTOR

ROBERT KEANEDIRECTOR

SCOTT STOCKERDIRECTOR

STUART AMESCHIEF EXECUTIVE OFFICER

THOMAS FLANAGANDIRECTOR

TINA DOSCHERDIRECTOR

DR DEBORAH DAVISDIRECTOR

AUDREY WHETSELLDIRECTOR

BRIAN POPLINDIRECTOR

BRYAN DUNNDIRECTOR

CARRIE LANNINGDIRECTOR

CHARLES SCHULZEDIRECTOR

CHARLIE WENDELLDIRECTOR

DR BRINDA MODI CHOKSHIDIRECTOR

DR DAVID COLEEX-OFFICIO DIRECTOR

ANN WROBLESKIDIRECTOR

FELICIA GOINSDIRECTOR

GEORGE GEPHART JRDIRECTOR

JAN MCCRARYVICE CHAIR

JIM ALLHUSENDIRECTOR

JIM MACLEODCHAIR

JIM NEWSOMEDIRECTOR

JOHN DOWNINGDIRECTOR

About this charity

Recognized since: January 2024
Location: 18 BEE ST, CHARLESTON, SC 29425-8910
County: Charleston
In care of: % STUART AMES
Primary officer: MATTHEW FULLER, CFO

How to reach them

WebsiteVisit the charity’s website Phone(843) 792-1315 Officer phone(843) 792-6407

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: ELLIOTT DAVIS ADVISORY LLC
NTEE classification: Medical Disciplines Research (H90)
IRS tax category: Medical Disciplines Research
Grant-giving organization: Yes