MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION
18 BEE STREET, CHARLESTON, SC 29425 www.musc.edu

Total Revenue
$28,626,184
Total Expenses
$39,928,961
Net Assets
$445,729,032

Organizations Filed Purposes: 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.

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.

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 FY20 SIGNIFICANT SUPPORT WAS PROVIDED TO RESPOND TO THE COVID-19 PANDEMIC. AMONG THIS SUPPORT, RESOURCES WERE USED TO INTEGRATE RESEARCH AND CLINICAL EFFORTS TO INCREASE DIAGNOSTIC AND ANTIBODY TESTING, TREATMENT, AND CLINICAL TRIALS. CRITICAL SUPPLIES AND STAFFING NEEDS WERE ALSO MET THROUGH THIS SUPPORT. OUTREACH TO THE COMMUNITY AND THE GROWTH IN SERVING THE STATE THROUGH THE CREATION OF A REGIONAL HEALTH NETWORK WAS A TRANSFORMATIVE ACCOMPLISHMENT OF THE MUSC HEALTH SYSTEM FOR SERVING THE NEEDS OF THE STATE'S CITIZENS.

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 APPROXIMATELY $6.5 MILLION AWARDED DOLLARS TO THESE STUDENTS.

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 CLINICAL, ACADEMIC AND RESEARCH AREAS.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Robyn FramptonCOO/CFO40$21,000
Mr James S Jim MacleodVICE CHAIR4$0
Mr John T CahillCHAIR4$0
Ms Ann WrobleskiDIRECTOR1$0
Dr Ronald L ThompsonDIRECTOR1$0
Dr Allan J ThompsonDIRECTOR1$0
Ms Marva SmallsDIRECTOR1$0
Mr Charles W SchulzeDIRECTOR1$0
Dr Brian PoplinDIRECTOR1$0
Dr Celeste PatrickDIRECTOR1$0
Mr W Thomas ParringtonDIRECTOR1$0
Ms Susan Pearlstine NortonDIRECTOR1$0
Mr Thomas F Tom MotamedDIRECTOR1$0
Ms Jan Childress MccraryDIRECTOR1$0
Mr Kevin LuzakDIRECTOR1$0
Dr James LemonDIRECTOR1$0
Mr Robert M KeaneDIRECTOR1$0
Mr Michael Misha JoukowskyDIRECTOR1$0
Dr Harold W JablonDIRECTOR1$0
Col W Michael HeathDIRECTOR1$0
Ms Lou HammondDIRECTOR1$0
Mr S Richard HaginsDIRECTOR1$0
Mr Thomas K FlanaganDIRECTOR1$0
Mr George W Gephart JrDIRECTOR1$0
Mr John O DowningDIRECTOR1$0
Dr Deborah Jones DavisDIRECTOR1$0
Dr Brinda Modi ChokshiDIRECTOR1$0
Mr James A Battle JrDIRECTOR1$0
Mr Andrew T BarrettDIRECTOR1$0
Mr Jim AllhusenDIRECTOR1$0
Mr Richard J AlmeidaDIRECTOR1$0
Stuart AmesCEO (STARTED 6/24/2019)40$0
Dr David J ColeDIRECTOR, EX-OFFICIO1$0
Thomas P AndersonCEO (RETIRED 6/30/2019)40$0

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