MUSC FOUNDATION FOR RESEARCH DEVELOPMENT
135 CANNON STREET MSC 828 NO 101L, CHARLESTON, SC 29425 www.musc.edu

Total Revenue
$2,674,099
Total Expenses
$2,857,811
Net Assets
$1,036,236

Organizations Filed Purposes: 1. TO SUPPORT THE EDUCATIONAL, RESEARCH, AND HEALTHCARE MISSION OF THE MEDICAL UNIVERSITY OF SOUTH CAROLINA (MUSC) BY FOSTERING CREATIVITY AND INNOVATION.2. TO INITIATE AND SUSTAIN COOPERATION AND COLLABORATION BETWEEN MUSC AND BUSINESS AND INDUSTRY.3. ACT AS MUSC'S INTELLECTUAL PROPERTY MANAGEMENT AND TECHNOLOGY MARKETING ARM.4. ADVANCE HEALTHCARE-RELATED ECONOMIC DEVELOPMENT FOR SOUTH CAROLINA AND THE NATION.5. SUPPORT ECONOMIC DEVELOPMENT THROUGH TECHNOLOGY LICENSING.

THE FOUNDATION MANAGES AND MARKETS INTELLECTUAL PROPERTY EMANATING FROM MUSC IN ORDER TO EXPEDITE, FOR THE PUBLIC'S BENEFIT, THE TRANSLATION OF IDEAS INTO PROCEDURES, DEVICES, AND PRODUCTS. THE FOUNDATION ASSISTS MUSC IN ACCOMPLISHING ITS EDUCATIONAL AND PUBLIC SERVICE MISSIONS BY SUPPORTING CONTINUING MEDICAL EDUCATION AND OTHER OPPORTUNITIES FOR MUSC FACULTY, RESIDENTS, AND MEDICAL STUDENTS. OTHER REGIONAL, NATIONAL AND INTERNATIONAL ATTENDEES AND FACULTY CONTRIBUTE TO THE EXCHANGE OF INFORMATION AND IDEAS. THE FOUNDATION PROVIDES RESEARCH SUPPORT TO MUSC FACULTY TO FURTHER THE INNOVATIVE PROCESS AND EXPEDITE, FOR THE PUBLIC BENEFIT, THE TRANSLATION OF IDEAS INTO PROCEDURES, DEVICES AND PRODUCTS.

THE FOUNDATION MANAGES AND MARKETS INTELLECTUAL PROPERTY EMANATING FROM MUSC IN ORDER TO EXPEDITE, FOR THE PUBLIC'S BENEFIT, THE TRANSLATION OF IDEAS INTO PROCEDURES, DEVICES, AND PRODUCTS.

THE FOUNDATION ASSISTS MUSC IN ACCOMPLISHING ITS EDUCATIONAL AND PUBLIC SERVICE MISSIONS BY SUPPORTING CONTINUING MEDICAL EDUCATION AND OTHER OPPORTUNITIES FOR MUSC FACULTY, RESIDENTS, AND MEDICAL STUDENTS. OTHER REGIONAL, NATIONAL AND INTERNATIONAL ATTENDEES AND FACULTY CONTRIBUTE TO THE EXCHANGE OF INFORMATION AND IDEAS.

Executives Listed on Filing

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

NameTitleHours Per WeekTotal Salary
Robert DonatoLEGAL COUNSEL40$364,620
Michael RusnakEXECUTIVE DIRECTOR40$235,325
Sachin PatelCHIEF TECHNOLOGY OFFICER40$208,035
Rita CharboneauTECHNOLOGY TRANSFER ATTORNEY40$127,536
Elizabeth LucasCHIEF FINANCIAL OFFICER40$114,402
Scott DavisDIRECTOR, TECHNOLOGY AND COMMERCIALIZATION40$104,472
Troy HuthASSOCIATE DIRECTOR40$103,741
Lawrence Olanoff Md PhdBOARD MEMBER (EX OFFICIO)1$16,698
Perry Molinoff MdBOARD MEMBER (EMERITUS)1$0
Carl Ehmann MdBOARD MEMBER (EMERITUS)1$0
Mark Currie PhdBOARD MEMBER (EMERITUS)1$0
Daniel Adams JdBOARD MEMBER (EMERITUS)1$0
Charles SchulzeBOARD MEMBER1$0
Jesse Goodwin PhdBOARD MEMBER1$0
Terri BarnesBOARD MEMBER1$0
Tom WilsonBOARD MEMBER1$0
Paul Williamson MdBOARD MEMBER1$0
Art Pappas MbaBOARD MEMBER1$0
John Propst Phd MbaBOARD MEMBER1$0
Arlene MorrisBOARD MEMBER1$0
Robert Mcquade PhdBOARD MEMBER1$0
Joseph McdonaldBOARD MEMBER1$0
Jack HarveyBOARD MEMBER1$0
Deborah GeraghtyBOARD MEMBER1$0
Harold E Chappelear Lld HonBOARD MEMBER1$0
Julia Barnes-Weise JdBOARD MEMBER1$0
Layton Mccurdy MdBOARD MEMBER (EMERITUS)1$0
Nancy Demore MdBOARD MEMBER1$0
Michael Yost PhdCHAIRPERSON1$0
Ken Ruggiero PhdBOARD MEMBER1$0
Kathleen Brady Md PhdBOARD MEMBER1$0
Lisa Saladin Phd Musc ProvostBOARD MEMBER1$0

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