The Medical University of South Carolina Foundation
82% goes to programs $8 to raise $100 Strong reserves Growing revenue
The Medical University of South Carolina Foundation is a 501(c)(3) organization based in Charleston, South Carolina, registered in 2024, with $136,664,063 in FY2024 revenue. CharityIndex grades it A, and it directs about 82% of spending to programs.
18 Bee St, Charleston, SC, 29425 EIN 57-6028985 Since 2024
Revenue (FY2024)
$136.7M
▲ 53.6% vs prior year
Medical Research median: $217K
Expenses (FY2024)
$81.0M
Net assets
$778.8M
Employees
1
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating82% to programs · $8 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For The Medical University of South Carolina Foundation: 82% to programs · $8 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating115 mo reserves · +41% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Medical University of South Carolina Foundation: 115 mo reserves · +41% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For The Medical University of South Carolina Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Medical University of South Carolina Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
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.
What they do
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.
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.
Contact & location
- Address
- 18 Bee St, Charleston, SC, 29425
- City
- Charleston
- State
- South Carolina
- Category
- Medical Research
- Subcategory
- Medical Specialty Research
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $45.6M (FY2013) to $136.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $165.5MNet assets $778.8M
Operating margin
40.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$944.2M
Total liabilities
$165.5M
Net assets
$778.8M
Salaries & benefits
$0
0% of expenses
Board members
30
30 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $136,664,063▲53.6% | $81,004,152▲30.7% | $778,768,870▲20.1% | $944,238,249▲15.6% | 990 |
| 2023 | $88,946,011▲10.4% | $61,981,772▲10.2% | $648,331,119▲15.5% | $816,982,638▲8.2% | 990 |
| 2022 | $80,589,263▼20.7% | $56,259,300▲19.8% | $561,266,866▲5.1% | $755,133,409▲3.4% | 990 |
| 2021 | $101,651,991▲73.0% | $46,975,865▼25.7% | $534,132,513▼3.9% | $730,105,616▼2.2% | 990 |
| 2020 | $58,752,346▲105% | $63,202,309▲58.3% | $555,540,620▲24.6% | $746,557,015▲21.4% | 990 |
| 2019 | $28,626,184▼39.8% | $39,928,961▲2.0% | $445,729,032▼0.8% | $614,746,136▼2.1% | 990 |
| 2018 | $47,561,905▼62.4% | $39,134,326▼10.0% | $449,410,789▲1.5% | $627,864,659▲0.7% | 990 |
| 2017 | $126,528,751▲91.9% | $43,475,495▼35.0% | $442,716,211▲11.7% | $623,800,105▲8.1% | 990 |
| 2016 | $65,928,282▼2.0% | $66,878,569▲109% | $396,471,999▲6.4% | $576,921,332▲2.6% | 990 |
| 2015 | $67,296,412▼1.8% | $32,005,313▲6.8% | $372,624,277▲4.3% | $562,305,174▲3.9% | 990 |
| 2014 | $68,517,193▲50.2% | $29,960,639▼19.8% | $357,210,535▲10.6% | $541,147,193▲8.9% | 990 |
| 2013 | $45,621,029 | $37,379,015▲24.1% | $323,051,131▲10.1% | $496,783,510▲8.6% | 990 |
| 2012 | — | $30,125,225▲42.0% | $293,460,512▲16.7% | $457,520,024▲10.9% | 990 |
| 2011 | — | $21,208,031▼26.1% | $251,447,773▲2.2% | $412,517,405▲2.4% | 990 |
| 2010 | — | $28,705,441▼4.4% | $246,029,630▲18.6% | $402,852,904▲16.3% | 990 |
| 2009 | — | $30,022,586 | $207,441,156 | $346,348,709 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ann Wrobleski | Director | 1 | — |
| Audrey Whetsell | Director | 1 | — |
| Brian Poplin | Director | 1 | — |
| Bryan Dunn | Director | 1 | — |
| Carrie Lanning | Director | 1 | — |
| Charles Schulze | Director | 1 | — |
| Charlie Wendell | Director | 1 | — |
| Dr Brinda Modi Chokshi | Director | 1 | — |
| Dr David Cole | Ex-officio Director | 1 | — |
| Dr Deborah Davis | Director | 1 | — |
| Felicia Goins | Director | 1 | — |
| George Gephart Jr | Director | 1 | — |
| Jan Mccrary | Vice Chair | 4 | — |
| Jim Allhusen | Director | 1 | — |
| Jim Macleod | Chair | 4 | — |
| Jim Newsome | Director | 1 | — |
| John Downing | Director | 1 | — |
| Lisa Montgomery | Director | 1 | — |
| Matthew Fuller | Chief Financial Off. Begin Dec. '24 | 40 | — |
| Matthew Muse | Chief Financial Off. Thru Sept '24 | 40 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| 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 |
Grants received · $34.1M total
233 grants to The Medical University of South Carolina Foundation totaling $34.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $54.5M in FY2024
2 grants totaling $54.5M in FY2024. All grants made by The Medical University of South Carolina Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Medical University of South Carolina | Assist university | $41,134,203 |
| Medical University Hospital Authority | Assist hospital | $13,335,290 |
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Frequently asked questions
- Is The Medical University of South Carolina Foundation a legitimate nonprofit?
- Yes. The Medical University of South Carolina Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 57-6028985, based in Charleston, South Carolina. Donations are tax-deductible.
- What is The Medical University of South Carolina Foundation's EIN?
- The Medical University of South Carolina Foundation's Employer Identification Number (EIN) is 57-6028985.
- How much revenue does The Medical University of South Carolina Foundation report?
- The Medical University of South Carolina Foundation reported $136,664,063 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of The Medical University of South Carolina Foundation's spending goes to programs?
- The Medical University of South Carolina Foundation spends about 82% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does The Medical University of South Carolina Foundation have?
- CharityIndex grades The Medical University of South Carolina Foundation A, based on program efficiency and fundraising cost.
- How much does The Medical University of South Carolina Foundation's highest-paid employee make?
- The highest reported compensation on The Medical University of South Carolina Foundation's latest Form 990 is $0, paid to Ann Wrobleski (Director).
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Data for The Medical University of South Carolina Foundation (EIN 57-6028985) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.