Overview
What is Medical University Of South Carolina Foundation?
The Medical University of South Carolina Foundation, established in 1966, functions as a charitable entity that supports the educational, research, and clinical programs of the Medical University of South Carolina (MUSC) and its Hospital Authority (MUHA). Located in Charleston, South Carolina, the Foundation promotes innovation and improved patient care through grants and gifts. In recent years, significant efforts have been made to expand telehealth-based mental health treatment for postpartum women and launch a maternal home visitation program to enhance health outcomes for mothers and newborns in rural communities. The Foundation's assets would be transferred to MUSC if it were dissolved. Its mission is to foster the growth of MUSC's educational, research, and healthcare initiatives.
Official website here: www.musc.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Stars)
The Medical University of South Carolina Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With a perfect score in accountability measures, the foundation's governance practices stand out, particularly its independent board and robust financial oversight, which contribute to its overall high rating.
Strengths include exemplary financial management, as evidenced by the foundation's low fundraising costs and high program expense ratio, indicating that the majority of its funds are directed toward its mission. The foundation's strict adherence to transparency is notable, with all essential policies and board activities clearly documented and accessible. Additionally, there are no reported issues regarding financial misconduct or asset diversion.
While the foundation excels in many areas, it should address the missing donor privacy policy on its website to enhance its transparency further. Overall, the foundation demonstrates a strong capacity to manage its resources effectively while ensuring accountability to its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Medical University Of South Carolina Foundation legitimate?
Medical University Of South Carolina Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Medical University Of South Carolina Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.musc.edu/foundation
What is the mission statement of Medical University Of South Carolina Foundation?
The Medical University of South Carolina Foundation is an educational, charitable organization established to support the initiatives of the Medical University of South Carolina (MUSC) and the Medical University Hospital Authority. Its primary goal is to promote educational, research, clinical, and other programs within MUSC. The foundation's assets would be transferred to MUSC in the event of dissolution.
In recent years, the foundation has expanded its role by promoting similar programs through the Medical University Hospital Authority. Significant support from donors has been instrumental in enhancing innovation and improved patient care and research, with a focus on maternal and newborn care, telehealth, and rural communities.
MUSC is a national leader in telehealth medicine and has made significant strides in maternal and newborn care. Researchers at MUSC made several important discoveries, including the identification of the first gene type related to an underestimated disease. The foundation continues to engage the South Carolina community by expanding facilities and services in all areas of the state, with a commitment to providing excellent healthcare to the population. The regional health network remains a transformative process for the MUSC Health System in meeting the needs of South Carolina citizens.
Official website here: www.musc.edu/foundation
Who is the CEO of Medical University Of South Carolina Foundation?
Stuart Ames is the Ceo of Medical University Of South Carolina Foundation. The CEO's salary of Medical University Of South Carolina Foundation is $0 and their total compensation is $483,464.
Official website here: www.musc.edu/foundation
What is the revenue of Medical University Of South Carolina Foundation?
Medical University Of South Carolina Foundation's revenue in 2022 was $101,651,991.
Official website here: www.musc.edu/foundation
Who are the executives of Medical University Of South Carolina Foundation and what are their salaries?
There are 3 employees and 200 volunteers at Medical University Of South Carolina Foundation.
Here are 34 key members and their salaries (Medical University Of South Carolina Foundation's CEO's salary is $0 and their total compensation is $483,464):
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- Related: $450,550
- Other: $32,914
- Compensation: $42,000
- Related: $175,402
- Other: $3,935
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- Related: $120,320
- Other: $2,429
Official website here: www.musc.edu/foundation
Where can I find the form 990 for Medical University Of South Carolina Foundation?
Medical University Of South Carolina Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.musc.edu/foundation
Learn more at the official website: www.musc.edu/foundation
Mission Statement of Medical University Of South Carolina Foundation
The Medical University of South Carolina Foundation, or MUSC Foundation, was established in 1966 as an educational, charitable, and eleemosynary foundation under South Carolina law. This organization's primary purpose is to support the educational, research, clinical, and other facilities and programs of the Medical University of South Carolina (MUSC) and the Medical University Hospital Authority (MUHA), a component unit of MUSC. In the event of dissolution, the Foundation's assets would be transferred to MUSC and used to continue its activities.
With a mission to promote education, research, and clinical initiatives for the Medical University of South Carolina and its Hospital Authority, the MUSC Foundation has been instrumental in providing significant support to enhance innovation, patient care, and research. In fiscal year 2022, numerous grants and donations were channeled towards the Foundation to further these objectives. For instance, MUSC doctors received grants to expand telehealth-based mental health treatment for South Carolina postpartum women and initiate a telehealth-enabled maternal home visitation program to improve health outcomes for South Carolina mothers and their newborns. Additionally, a substantial endowment was established to pilot and sustain maternal and newborn care in rural communities.
MUSC is a leading institution in the delivery of telehealth medicine, playing a pivotal role in advancing healthcare for people in their communities. The Foundation's efforts have contributed to the growth and development of facilities and services across all areas of the state, with a focus on providing excellent health care. The regional health network continues to be a transformative process for the MUSC Health System, enabling it to serve the citizens of South Carolina more effectively.
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Impact
October, 2024
The Medical University of South Carolina Foundation significantly enhances healthcare and medical research in South Carolina through various initiatives. By providing critical gifts and grants, the Foundation supports educational and clinical programs at the Medical University of South Carolina (MUSC) and the Medical University Hospital Authority (MUHA).
One of its key impacts includes the advancement of innovative healthcare solutions, exemplified by funding aimed at increasing access to telehealth services for postpartum women. The establishment of a telehealth-enabled maternal home visitation program showcases the Foundation's commitment to improving health outcomes for mothers and newborns, especially in underserved areas. This program reflects MUSC's leadership in telehealth medicine, addressing significant public health challenges within the community.
Moreover, the Foundation has played a crucial role in fostering groundbreaking research, such as the identification of a gene type linked to a previously misunderstood disease. This kind of discovery has far-reaching implications for treatments and understanding of health issues impacting residents in South Carolina.
Through substantial endowments, the Foundation supports sustained maternal and newborn care programs in rural communities, ensuring that quality healthcare is accessible to every individual, regardless of their location. The ongoing development of regional health networks further emphasizes its transformative impact in delivering superior healthcare services across the state.
Overall, the Medical University of South Carolina Foundation plays a pivotal role in not only promoting medical education, research, and clinical care but also in shaping the future of healthcare for the citizens of South Carolina.
This information is meant to be a general summary of Medical University Of South Carolina Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $37,725,537
- Program Service Revenue: $8,873,843
- Gross Receipts: $403,604,964
Assets and Liabilities:
- Total Assets: $730,105,616
- Total Liabilities: $195,973,103
- Net Assets: $534,132,513
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$5,878,635
MUHA/MUSC PHYSICIANS/OTHER CLINIC
Revenue
$2,995,208
Organization Details
Founding Year
1966
Phone
(843) 792-1315Principal Officer
Stuart Ames
Main Address
18 BEE STREET, CHARLESTON, SC, 29425
Website
www.musc.edu/foundationNTEE Category
Code: H90 - Medical research
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