Nonprofit · EIN 57-6028985
THE MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION
Tax-exempt · CHARLESTON, SC 29425
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $136,664,063 | $81,004,152 | $55,659,911 | $944,238,249 | $165,469,379 | $778,768,870 |
| June 30, 2024 | 990 | $88,946,011 | $61,981,772 | $26,964,239 | $816,982,638 | $168,651,519 | $648,331,119 |
| June 30, 2023 | 990 | $80,589,263 | $56,259,300 | $24,329,963 | $755,133,409 | $193,866,543 | $561,266,866 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $93,088,813
- Program service revenue
- $19,019,790
- Investment income
- $25,426,491
- Net gain from sales of assets
- $14,483,154
- Net income from fundraising events
- -$910,976
- Other revenue
- -$871,031
Expenses
- Grants and similar amounts paid
- $54,983,870
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $351,878
- Travel
- $54,031
- Depreciation
- $873,458
- Program services (functional)
- $66,042,863
- Management and general (functional)
- $7,111,872
- Fundraising (functional)
- $7,849,417
Balance sheet and other
- Total assets, start of year
- $816,982,638
- Total assets, end of year
- $944,238,249
- Total liabilities, end of year
- $165,469,379
- Net assets, end of year
- $778,768,870
- Land, buildings and equipment
- $50,367,269
- Publicly traded securities
- $412,400,904
- Net assets without donor restrictions
- $148,072,183
- Net assets with donor restrictions
- $630,696,687
- Gross unrelated business income
- $2,691,566
- Gross receipts
- $644,283,179
- Employees
- 1
- Volunteers
- 230
- Year formed
- 1966
- State of legal domicile
- SC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STUART AMES | CHIEF EXECUTIVE OFFICER Officer | 40 | $0 | $635,452 | $0 |
| ROBYN FRAMPTON | COO/EXECUTIVE VICE PRES. Officer | 40 | $0 | $225,182 | $3,132 |
| MATTHEW MUSE | CHIEF FINANCIAL OFF. THRU SEPT '24 Officer | 40 | $0 | $131,718 | $1,700 |
| RICHARD ALMEIDA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JIM ALLHUSEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NEIL GARFINKEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR BRINDA MODI CHOKSHI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MELVIN BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR DEBORAH DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RICK DHILLON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TINA DOSCHER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN DOWNING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRYAN DUNN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS FLANAGAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GEORGE GEPHART JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
19 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FELICIA GOINS | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL JOUKOWSKY | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT KEANE | DIRECTOR Trustee or director | 1 | $0 |
| CARRIE LANNING | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT STOCKER | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL STAVRINAKIS | DIRECTOR Trustee or director | 1 | $0 |
| JIM NEWSOME | DIRECTOR Trustee or director | 1 | $0 |
| LISA MONTGOMERY | DIRECTOR Trustee or director | 1 | $0 |
| OMAR RAMBERAN | DIRECTOR Trustee or director | 1 | $0 |
| CHARLES SCHULZE | DIRECTOR Trustee or director | 1 | $0 |
| MIGUEL THAMES | DIRECTOR Trustee or director | 1 | $0 |
| CHARLIE WENDELL | DIRECTOR Trustee or director | 1 | $0 |
| AUDREY WHETSELL | DIRECTOR Trustee or director | 1 | $0 |
| ANN WROBLESKI | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN POPLIN | DIRECTOR Trustee or director | 1 | $0 |
| DR DAVID COLE | EX-OFFICIO DIRECTOR Trustee or director | 1 | $0 |
| JAN MCCRARY | VICE CHAIR Trustee or director, Officer | 4 | $0 |
| JIM MACLEOD | CHAIR Trustee or director, Officer | 4 | $0 |
| MATTHEW FULLER | CHIEF FINANCIAL OFF. BEGIN DEC. '24 Officer | 40 | $0 |
990 for the year ended June 30, 2024: 32 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STUART AMES | CHIEF EXECUTIVE OFFICER Officer | 40 | $0 | $507,583 | $0 |
| ROBYN FRAMPTON | COO/EXECUTIVE VICE PRES. Officer | 40 | $0 | $213,073 | $3,600 |
| MATTHEW MUSE | CHIEF FINANCIAL OFF. THRU SEPT '24 Officer | 40 | $0 | $117,321 | $2,262 |
| RICHARD ALMEIDA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JIM ALLHUSEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LANE BALLARD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR BRINDA MODI CHOKSHI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MELVIN BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR DEBORAH DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RICK DHILLON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TINA DOSCHER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN DOWNING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRYAN DUNN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS FLANAGAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GEORGE GEPHART JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| FELICIA GOINS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL JOUKOWSKY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT KEANE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CARRIE LANNING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR JAMES LEMON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS PARRINGTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JIM NEWSOME | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LISA MONTGOMERY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| OMAR RAMBERAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHARLES SCHULZE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MIGUEL THAMES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHARLIE WENDELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| AUDREY WHETSELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANN WROBLESKI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR DAVID COLE | EX-OFFICIO DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAN MCCRARY | VICE CHAIR Trustee or director, Officer | 4 | $0 | $0 | $0 |
| JIM MACLEOD | CHAIR Trustee or director, Officer | 4 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 33 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STUART AMES | CHIEF EXECUTIVE OFFICER Officer | 40 | $0 | $557,893 | $6,983 |
| ROBYN FRAMPTON | COO/EXECUTIVE VICE PRESIDENT Officer | 40 | $0 | $212,340 | $3,935 |
| MATTHEW MUSE | CHIEF FINANCIAL OFFICER Officer | 40 | $0 | $103,134 | $2,430 |
| MR RICHARD ALMEIDA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR JAMES ALLHUSEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR OMAR RAMBERAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR JAMES BATTLE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR LANE BALLARD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR BRINDA CHOKSHI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR DEBORAH DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR RICK DHILLON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR JOHN DOWNING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR GEORGE GEPHART JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR THOMAS FLANAGAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| COL MIKE HEATH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR HAROLD JABLON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR MICHAEL MISHA JOUKOWSKY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR BOB KEANE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR JAMES LEMON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR JOHN CAHILL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR THOMAS TOM MOTAMED | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MS SUSAN PEARLSTINE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR W THOMAS PARRINGTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR MIGUEL THAMES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MS AUDREY WHETSELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR CHARLES SCHULZE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR JIM NEWSOME | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MS LISA MONTGOMERY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MS CARRIE LANNING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR CHARLES WENDELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MS ANN WROBLESKI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MS JAN CHILDRESS MCCRARY | VICE CHAIR Trustee or director, Officer | 4 | $0 | $0 | $0 |
| MR JAMES JIM MACLEOD | CHAIR Trustee or director, Officer | 4 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 18 BEE ST, CHARLESTON, SC 29425-8910
- In care of
- % STUART AMES
- Principal officer (990 for 2024)
- STUART AMES, 18 BEE STREET, CHARLESTON, SC 29425
- Signed the 990
- MATTHEW FULLER, CFO
- Phone
- (843) 792-1315
- Website
- WWW.MUSC.EDU/FOUNDATION
- Return prepared by
- ELLIOTT DAVIS ADVISORY LLC
Mission
THE MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION IS AN EDUCATIONAL, CHARITABLE, ELEEMOSYNARY FOUNDATION ORGANIZED TO PROMOTE THE EDUCATIONAL, RESEARCH, CLINICAL AND OTHER FACILITIES AND PROGRAMS OF THE MEDICAL UNIVERSITY OF SOUTH CAROLINA AND THE MEDICAL UNIVERSITY OF SOUTH CAROLINA HOSPITAL AUTHORITY.
Program accomplishments
- 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. SELECT SUPPORTED AREAS OF NOTE FOR FY 2025 INCLUDE STRUCTURAL HEART PROGRAM INITIATIVES AND ACTIVITIES, CHILDREN'S HEALTH, HOLLINGS CANCER CENTER RESEARCH, EQUIPMENT TO SERVE HEAD AND NECK CANCER CENTER, AND EHLERS DANLOS SYNDROME.Expenses $52,125,049 · grants $52,125,049 · revenue $14,773,345
- 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 SIX 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 2025, 19 NEW SCHOLARSHIP FUNDS WERE ESTABLISHED.Expenses $2,858,821 · grants $2,858,821
- 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.Expenses $11,058,993 · revenue $4,260,100
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 57-6028985
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H90)
- Assets (IRS master file)
- $944,238,249
- Income (IRS master file)
- $644,283,179
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $136,664,063 | $81,004,152 | $944,238,249 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $88,946,011 | $61,981,772 | $816,982,638 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $80,589,263 | $56,259,300 | $755,133,409 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $101,651,991 | $46,975,865 | $730,105,616 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 57-6028985).
Questions about THE MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION
- What is the EIN of THE MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION?
- The employer identification number (EIN) of THE MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION is 57-6028985.
- Is THE MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to THE MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of THE MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION?
- The 990 for the year ended June 30, 2025 names STUART AMES.
- Who are the officers and directors of THE MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 34 people; 0 received compensation from the organization.
- How much revenue does THE MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $136,664,063, expenses of $81,004,152 and total assets of $944,238,249 at year end.
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