NonprofitsMusc Foundation For Research Development

Medical Research

Musc Foundation For Research Development

CHARLESTON, SC

Total revenue

$5.6M

Total expenses

$5.2M

Net assets

$2.9M

Grants received

$249K

10 grants

EIN

571031624

Tax year

2024

Mission

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.

Programs

2 programs

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.

Expenses: $966K

The Foundation is a 501(c)3 not-for-profit technology transfer office that acts as a point of contact for industry and entrepreneurs wishing to commercialize intellectual property from the Medical University of South Carolina (MUSC).

Expenses: $966K

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$5.1M
Investment income$145K
Other revenue$405K
Total revenue$5.6M

Expenses

Grants paid
Salaries & benefits$2.3M
Fundraising
Other expenses$3.0M
Total expenses$5.2M
Total assets$4.7M
Net assets$2.9M

People

15 listed

NameRoleCompensation

Todd Headley

CEO

Board

$315K

40 hrs/wk

Matt Gevaert PhD

Trustee

Board

1 hrs/wk

Ramin Eskandari MS MD

Trustee

Board

1 hrs/wk

Anand Mehta DPhil

Trustee

Board

1 hrs/wk

Timothy L Stemmler PHD

Trustee

Board

1 hrs/wk

William Himmelsbach

Trustee

Board

1 hrs/wk

Terri Barnes

Trustee

Board

1 hrs/wk

James Chappell

Trustee

Board

1 hrs/wk

Jesse Goodwin PHD

Trustee

Board

1 hrs/wk

Lisa Drakeman PHD

Trustee

Board

1 hrs/wk

Mark Crowell

Trustee

Board

1 hrs/wk

Joe Ruscito

VP of Medical Technologly

Staff

$208K

40 hrs/wk

Rita Charboneau

General Counsel

Staff

$208K

40 hrs/wk

Joe Fiore

VP

Staff

$197K

40 hrs/wk

Pamela Kaufman

Senior Director of IP

Staff

$102K

40 hrs/wk

Independent contractors

Riverside Law

Legal Fees

$442K

Parker Highlander

Legal Fees

$130K

Grants received

Showing 10 of 10

FromAmountPurposeYear
$28K
General Support
2024
$13K
General Support
2023
$1K
HEALTH AND HUMAN SERVICES
2023
$50K
Strategic Alignment
2022
$27K
GENERAL SUPPORT
2022
$15K
GENERAL SUPPORT
2022
$40K
Academic Matching
2021

Funded by

$249K from 3 funders · 10 grants · 2018–2024

South Carolina Research Authority

$165K · 5 grants · 2018–2022

Spartanburg County Foundation

$83K · 4 grants · 2022–2024

Baird Foundation Inc

$1K · 1 grant · 2023

Details

EIN571031624
NTEE codeH95Z
Subsection03
Ruling date1997-01
Formed1995
Employees9
Volunteers7
MUSC FOUNDATION FOR RESEARCH DEVELOPMENT — Mission, Financials & Grants Received | Grantivo