Medical University of South Carolina Foundation
Medical University of South Carolina Foundation reported $136.7 million in revenue and $81.0 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $81.53 went to program services, $8.78 to management and general costs and $9.69 to fundraising. Its largest source of revenue was contributions and grants: 68.1% of the total. The highest compensation it reported for one person was $635,452 (CHIEF EXECUTIVE OFFICER). Revenue rose 377% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $81MFor context, the median across 169 covered medical research charities: $87.02 programs, $12.87 management, $0.11 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $137M- Contributions & grants (non-government)$67.68 $93M
- Program service revenue$13.83 $19M
- Investment income$18.49 $25M
Other revenue was negative: −$871K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 81.5% | 83.9% |
| Management & general Part IX 25(C) ÷ 25(A) | 8.8% | 12.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 9.7% | 0.1% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.08 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 68.1% | 72.7% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 13.9% | 5.8% |
| Highest reported compensation Part VII-A, columns D–F | $635,452 | $628,890 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.78% | 1.94% |
| People paid over $100,000 Part VII, line 2 | 0 | 18 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 115.4 | 13.3 |
| Independent voting board members Part VI 1a–1b | 30 of 30 | 93.8% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseGifts 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
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…
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
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Officer, 40.00 hrs/week | $0 | $635,452 | $0 | $635,452 |
| COO/EXECUTIVE VICE PRES. Officer, 40.00 hrs/week | $0 | $225,182 | $3,132 | $228,314 |
| CHIEF FINANCIAL OFF. THRU SEPT '24 Officer, 40.00 hrs/week | $0 | $131,718 | $1,700 | $133,418 |
0 people received more than $100,000 in reportable compensation from Medical University of South Carolina Foundation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b30 · 30 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 51
- Volunteers Part I, line 6230
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| MAGEE RATCLIFF CONSTRUCTION LLC Construction | $2,061,226 |
| RUFFALO NOEL LEVITZ LLC Fundraising | $375,076 |
| GRAYSON LAW FIRM LLC Legal | $136,277 |
| WINSPIRE INC Travel services | $133,110 |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY Medical research | $132,000 |
Individuals listed as contractors are left out. 7 contractors were paid more than $100,000 in all.
Private foundation grants it received
35 private foundations reported grants to Medical University of South Carolina Foundation totaling $6.2M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Medical University of South Carolina Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Medical University of South Carolina Foundation, you can publish a response that is linked from this page.
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Of every $100 Medical University of South Carolina Foundation spent in FY2025, $81.53 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- American Association for Cancer ResearchPhiladelphia, PA · revenue $130M · programs 87.2% · 2025
- Oklahoma Medical Research FoundationOklahoma City, OK · revenue $137M · programs 92.6% · FY2025
- Arc Research InstitutePalo Alto, CA · revenue $122M · programs 77.4% · 2024
- Elizabeth Glaser Pediatric AIDS FoundationWashington, DC · revenue $138M · programs 88.2% · 2024
- The J David Gladstone InstitutesSan Francisco, CA · revenue $119M · programs 85.4% · 2024
All medical research charities · Largest charities in South Carolina
Questions people ask
How much of Medical University of South Carolina Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Medical University of South Carolina Foundation reported that 81.5% of its $81.0 million in expenses went to program services, 8.8% to management and general and 9.7% to fundraising (Form 990, Part IX).
How much does Medical University of South Carolina Foundation pay its top executive?
The largest total compensation Medical University of South Carolina Foundation reported for one person in the fiscal year ending June 30, 2025 was $635,452, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Medical University of South Carolina Foundation get its money?
Of $136.7 million in revenue in the fiscal year ending June 30, 2025, 68.1% came from contributions and grants and 13.9% from program service revenue (Form 990, Part VIII).
Is Medical University of South Carolina Foundation a registered charity?
The IRS lists EIN 57-6028985 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202640979349300014 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521329349304632 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202410829349300801 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202310559349300216 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211329349306416 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141349349305349 · read the filing
All filings for EIN 57-6028985: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.