2020-05-15T12:33:26-05:00 2019-06-30 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2018-07-01 576028985 MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION MEDI 8437922677 18 BEE STREET CHARLESTON SC 29425 ROBYN M FRAMPTON CHIEF FINANCIAL OFFICER 8437922677 2020-05-15 1 JANICE A RATICA P00358837 7043338881 2020-05-15 104.129.205.7 2020-05-15 12:31:16 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 99AFABE94547B544723E04EEA8F4500EFBDE7EE5 2018 2020-09-23 17:36:50Z STUART AMES 18 BEE STREET CHARLESTON SC 29425 177393461 0 X WWW.MUSC.EDU/FOUNDATION X 1966 SC 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. 30 30 2 200 0 0 41518203 19180297 14918509 10307417 70092039 18074191 0 0 126528751 47561905 30515908 28988635 0 0 0 0 0 0 2683376 12959587 10145691 43475495 39134326 83053256 8427579 623800105 627864659 181083894 178453870 442716211 449410789 X THE MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION IS AN EDUCATIONAL, CHARITABLE, ELEEMOSYNARY FOUNDATION ORGANIZED TO PROMOTE THE EDUCATIONAL, RESEARCH, CLINICAL AND OTHER FACILITIES AND PROGRAMS OF THE MEDICAL UNIVERSITY OF SOUTH CAROLINA AND THE MEDICAL UNIVERSITY OF SOUTH CAROLINA HOSPITAL AUTHORITY. 0 0 28597587 27218194 4590788 GIFTS AND GRANTS TO THE MEDICAL UNIVERSITY OF SOUTH CAROLINA AND THE MEDICAL UNIVERSITY OF SOUTH CAROLINA HOSPITAL AUTHORITY TO PROMOTE EDUCATION, RESEARCH AND OTHER PROGRAMS. 1770441 1770441 STUDENT SCHOLARSHIPS 3099008 5716629 SUPPORT OF STUDENT AND FACULTY FACILITIES AT THE MEDICAL UNIVERSITY OF SOUTH CAROLINA. 38153 OTHER PROGRAM SERVICE ACCOMPLISHMENTS 38153 33505189 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 145 0 1 2 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC NY CA X X ROBYN M FRAMPTON 8437922677 18 BEE STREET CHARLESTON SC 29425 MR RICHARD ALMEIDA DIRECTOR 1.00 X 0 0 0 MR ANDREW T BARRETT DIRECTOR 1.00 X 0 0 0 MR JAMES A BATTLE DIRECTOR 1.00 X 0 0 0 DR BRINDA CHOKSHI DIRECTOR 1.00 X 0 0 0 DR DAVID J COLE DIRECTOR, EX-OFFICIO 1.00 X 100000 314499 195938 DR DEBORAH DAVIS DIRECTOR 1.00 X 0 0 0 MR JOHN DOWNING DIRECTOR 1.00 X 0 0 0 MRS MARCIA FALK DIRECTOR 1.00 X 0 0 0 MR GEORGE W GEPHART JR DIRECTOR 1.00 X 0 0 0 MR S RICHARD RICH HAGINS DIRECTOR 1.00 X 0 0 0 MS LOU HAMMOND DIRECTOR 1.00 X 0 0 0 COL MIKE HEATH DIRECTOR 1.50 X 0 0 0 DR HAROLD JABLON DIRECTOR 1.00 X 0 0 0 MR MICHAEL MISHA JOUKOWSKY DIRECTOR 1.00 X 0 0 0 MR BOB KEANE DIRECTOR 1.00 X 0 0 0 DR JAMES LEMON DIRECTOR 1.00 X 0 0 0 MR KEVIN LUZAK DIRECTOR 1.00 X 0 0 0 MR JAMES MACLEOD DIRECTOR 2.00 X 0 0 0 MRS JAN CHILDRESS MCCRARY DIRECTOR 1.00 X 0 0 0 MR THOMAS F MOTAMED DIRECTOR 1.00 X 0 0 0 MRS SUSAN PEARLSTINE NORTON DIRECTOR 1.00 X 0 0 0 MR TOM PARRINGTON DIRECTOR 1.00 X 0 0 0 DR CELESTE PATRICK DIRECTOR 1.00 X 0 0 0 DR BRIAN POPLIN DIRECTOR 1.00 X 0 0 0 MR J R RICHARDSON DIRECTOR 1.00 X 0 0 0 MR CHARLES SCHULZE DIRECTOR 1.00 X 0 0 0 MS MARVA SMALLS DIRECTOR 1.00 X 0 0 0 DR ALLAN J BUDDY THOMPSON DIRECTOR 2.00 X 0 0 0 DR RONALD L THOMPSON DIRECTOR 1.00 X 0 0 0 MR WILLIAM A BAKER JR EMERITUS 0.00 X 0 0 0 MR WILLIAM H BINGHAM SR EMERITUS 0.00 X 0 0 0 MR WILLIAM H BEST EMERITUS 0.00 X 0 0 0 MRS PAULA HARPER BETHEA EMERITUS 0.00 X 0 0 0 MR FRANK W BRUMLEY EMERITUS 0.00 X 0 0 0 MR HARRY J BUTLER JR EMERITUS 0.00 X 0 0 0 DR KAY K CHITTY EMERITA 0.00 X 0 0 0 MR L JOHN CLARK EMERITUS 0.00 X 0 0 0 MR RICHARD D ELLIOTT EMERITUS 0.00 X 0 0 0 MR CARLOS E EVANS EMERITUS 0.00 X 0 0 0 MRS THEODORA L FELDBERG EMERITA 0.00 X 0 0 0 MR WILLIAM B HEWITT EMERITUS 0.00 X 0 0 0 MRS FELICE HIRSCH EMERITA 0.00 X 0 0 0 DR HAROLD B HOLMES JR EMERITUS 0.00 X 0 0 0 MRS ELIZABETH H MCCULLOUGH EMERITA 0.00 X 0 0 0 DR VERNON E MERCHANT JR EMERITUS 0.00 X 0 0 0 MR JOHN TUCKER MORSE EMERITUS 0.00 X 0 0 0 MRS KELLEY O'QUINN EMERITA 0.00 X 0 0 0 MR WILBUR J PREZZANO JR EMERITUS 0.00 X 0 0 0 DR THOMAS C ROWLAND JR EMERITUS 0.00 X 0 0 0 MR WALTER G SEINSHEIMER EMERITUS 0.00 X 0 0 0 MR DANIEL J SULLIVAN EMERITUS 0.00 X 0 0 0 MR ROBERT J SYWOLSKI EMERITUS 0.00 X 0 0 0 MR JOHN E THOMPSON JR EMERITUS 0.00 X 0 0 0 THOMAS WARING ESQ EMERITUS 0.00 X 0 0 0 MRS ANITA G ZUCKER EMERITA 0.00 X 0 0 0 MR JOHN W BARTER CHAIR 10.00 X X 0 0 0 MR JOHN CAHILL VICE CHAIR 4.00 X X 0 0 0 THOMAS P ANDERSON CEO 40.00 X 0 361863 102844 ROBYN FRAMPTON COO/CFO 40.00 X 20000 161819 57938 STUART AMES CEO (START DATE: 6/24/2019) 40.00 X 0 0 0 120000 838181 356720 0 0 1 0 DESIGN WORKS 205 1/2 KING ST CHARLESTON SC 29401 LANDSCAPE ARCHITECTURE 233000 SUPERIOR BLACKTOP SERVICES LLC 694 GREYBACK RD SUMMERVILLE SC 29483 ASPHALT CONTRACTOR 170180 COLONIAL CONSULTING LLC 750 THIRD AVENUE 20TH FLOOR NEW YORK NY 10017 INVESTMENT CONSULTING 164791 KIAWAH ISLAND INN COMPANY LLC 1 SANCTUARY BEACH DRIVE KIAWAH ISLAND SC 29455 RENTAL 148775 RAY HUFF ARCHITECT 1 COOL BLOW ST STE 346 CHARLESTON SC 29403 ARCHITECTURAL SERVICES 121218 5 2772131 16408166 4189532 19180297 RENTAL INCOME 531110 5716629 5716629 MUHA/MUSC PHYSICIANS/OTHER CLINIC 622110 4590788 4590788 10307417 8081715 8081715 138687659 12000 128707183 0 9980476 12000 9992476 9992476 1124373 2772131 1124373 0 47561905 10307417 0 18074191 28988635 28988635 1526330 337 1525993 531576 113202 379261 39113 125772 125772 1772 1772 1338000 1338000 1013507 982086 31421 DEVELOPMENT COST 2450726 0 0 2450726 OTHER PROGRAM RELATED E 1655791 1655791 0 0 PERSONNEL 1256265 427138 829127 0 DONATED GOODS 193537 0 0 193537 52415 52415 39134326 33505189 2945761 2683376 18739281 15418066 40611840 31633420 187948 5606121 97563116 16261413 82315210 81301703 263221226 268252909 207086395 214959126 11638205 10693314 623800105 627864659 21346145 20520441 5030505 4288927 42475167 39998865 90587225 91269700 21644852 22375937 181083894 178453870 X 60578373 67279015 207538327 198565434 174599511 183566340 442716211 449410789 623800105 627864659 X 8427579 -154170 -1578831 X X 0 1 X 1 0 X X 2 MEDICAL UNIVERSITY OF SOUTH CAROLINA 576007222 6 1 24712110 654296 MUSC HOSPITAL AUTHORITY 571098556 3 1 3622230 0 2 28334340 654296 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 X PART IV, SECTION E, LINE 2A MUSC FOUNDATION'S(THE FOUNDATION) PRIMARY MISSION IS TO SUPPORT THE MEDICAL UNIVERSITY OF SC AND MUSC HOSPITAL AUTHORITY. PLEASE SEE PART 1, LINE 1 OF FORM 990. THE FOUNDATION MANAGES A FUNCTION ON BEHALF OF MUSC AND MUHA. MUSC AND MUHA ARE REQUIRED BY STATE LAW TO ENSURE THIS FUNCTION IS PROVIDED. THE FOUNDATION'S PROGRAM EXPENSES ARE SPENT IN SUPPORT OF MUSC AND MUHA. THE PROGRAM EXPENSES ACCOUNT FOR APPROXIMATELY 90% OF ALL OF THE FOUNDATION'S EXPENSES. THE REMAINING 10% OF EXPENSES ARE FOR MANAGEMENT AND GENERAL EXPENSES. THEREFORE, SUBSTANTIALLY ALL OF THE ACTIVITIES ARE TO SUPPORT MUSC AND MUHA. SCHEDULE A, PART IV, SECTION E, LINE 1C 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. THE FOUNDATION PROVIDES SUPPORT FOR MUSC AND MUHA IN THE FORM OF CASH GRANTS TO PROMOTE EDUCATION, RESEARCH AND OTHER PROGRAMS, INCLUDING SCHOLARSHIPS AND FACULTY, STUDENT AND STAFF SUPPORT. THE FOUNDATION ALSO PROVIDES SUPPORT FOR MUSC AND MUHA IN THE FORM OF NONCASH, IN-KIND, CONTRIBUTIONS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 371301220 3063022 11338929 10110480 375592691 342051786 11907867 29581104 12239537 371301220 312001725 9733191 33839944 13523074 342051786 322643944 6550801 -3802009 13391011 312001725 312580019 4664717 16691042 11291834 322643944 0.04630 0.17700 0.77670 0 0 54714084 66944 54781028 40033852 558197 15957704 24634345 339875 120574 303709 156740 1729590 1729590 81301703 PARTNERSHIPS 110411344 F HEDGE FUNDS 97965512 F OTHER INVESTMENTS 2151026 F STOCK FUNDS 4431244 F 214959126 ANNUITIES PAYABLE 3215408 INTEREST RATE SWAP 1308129 CONTRIBUTIONS PAYABLE 17852400 22375937 X 45618093 -154170 1124373 970203 44647890 1335184 1578831 2914015 47561905 38923515 1124373 1124373 37799142 1335184 1335184 39134326 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, ANY INCOME FROM ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE WOULD BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(3). TAX EXEMPT STATUS ARISES FROM THE FACT THAT THE FOUNDATION'S SOLE REASON FOR EXISTENCE IS AS A SUPPORT ORGANIZATION FOR MUSC AND MUHA. MANAGEMENT HAS EVALUATED THE TAX POSITIONS OF THE FOUNDATION AND DOES NOT BELIEVE THAT ANY UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS EXIST FOR THE YEARS ENDED JUNE 30, 2019 OR 2018. THE FOUNDATION'S POLICY IS TO REPORT ACCRUED INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS, WHEN APPLICABLE, AS INTEREST EXPENSE AND TO REPORT PENALTIES AS OTHER EXPENSE. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR TAX YEARS BEFORE 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 1,124,373. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INTEREST RATE SWAP 1,080,424. CHANGES IN VALUE OF SPLIT INTEREST AGREEMENTS 282,000. UNREALIZED LOSS ON INVESTMENT IN AFFILIATE 216,407. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 1,124,373. X X X X X X 0 SC CA NY VARIOUS 3896504 2772131 1124373 1124373 3896504 2772131 1124373 1124373 1124373 0 1 MEDICAL UNIVERSITY OF SOUTH CAROLINA 18 BEE STREET CHARLESTON SC 29425 576007222 115 24712110 654295 FMV IN-KIND CONTRIBUTION ASSIST UNIVERSITY MEDICAL UNIVERSITY HOSPITAL AUTHORITY 171 ASHLEY AVENUE CHARLESTON SC 29425 571098556 501 (C) (3) 3622230 CASH ASSIST HOSPITAL 2 2 PART I, LINE 2: WE PROVIDE SUPPORT TO OUR SUPPORTED ORGANIZATIONS. THEIR REQUESTS MUST REMAIN WITHIN THE DONOR'S INTENT AND WE REVIEW IT TO DETERMINE THAT THE REQUEST DOES MEET ALL THE REQUIREMENTS. 1 X X X X 0 0 0 0 0 0 0 0 0 DR DAVID J COLE DIRECTOR, EX-OFFICIO 100000 314499 0 0 0 0 0 0 7650 188288 107650 502787 0 0 THOMAS P ANDERSON CEO 0 299518 0 60000 0 2345 0 0 0 102844 0 464707 0 0 ROBYN FRAMPTON COO/CFO 0 161819 20000 0 0 0 0 0 1530 56408 21530 218227 0 0 SCHEDULE J, PART II, COLUMN, B THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS RELIES ON PERFORMANCE EVALUATIONS IN DETERMINATION OF INCENTIVE COMPENSATION PAYMENTS. A SOUTH CAROLINA JOBS- ECONOMIC DEVELOPMENT AUTHORITY 570960018 2009-12-17 1083280 BUILDING AND STRUCTURES 0 0 0 B SOUTH CAROLINA JOBS- ECONOMIC DEVELOPMENT AUTHORITY 570960018 2009-12-17 2360428 BUILDING AND STRUCTURES 0 0 0 C SOUTH CAROLINA JOBS- ECONOMIC DEVELOPMENT AUTHORITY 570960018 2009-12-17 20858099 BUILDING AND STRUCTURES 0 0 0 D SOUTH CAROLINA JOBS- ECONOMIC DEVELOPMENT AUTHORITY 570960018 2010-01-07 19381084 BUILDING AND STRUCTURES 0 0 0 A 1083280 6000 1077280 2009 0 0 1 1 B 2360428 10000 2350428 2009 0 0 1 1 C 20858099 96000 20762099 2009 0 0 1 1 D 19381084 88000 19293084 2010 0 0 1 1 A 1 0 0 0 0 0 0 B 1 0 0 0 0 0 0 C 1 0 0 0 0 0 0 D 1 0 0 0 0 0 0 A 0 0 1 0 1 1 BB&T 10.000000000000 0 0 0 0 0 B 0 0 1 0 1 1 BB&T 10.000000000000 0 0 0 0 0 C 0 0 1 0 1 1 BB&T 10.000000000000 0 0 0 0 0 D 0 0 1 0 1 1 BB&T 10.000000000000 0 0 0 0 0 A 0 B 0 C 0 D 0 SCHEDULE K, PART IV, LINE 4C EFFECTIVE AS OF NOVEMBER 17, 2014, THE FOUNDATION ENTERED INTO AN AMENDED INTEREST RATE SWAP AGREEMENT TO EFFECTIVELY EXCHANGE THE FOUNDATION'S VARIABLE INTEREST RATE EXPOSURE OF 68% OF ONE- MONTH LIBOR RATE PLUS 0.7150% WITH NO FLOOR ON THE NOTIONAL AMOUNT OF THE BOND TO A FIXED 2.73% RATE. THIS AGREEMENT WAS AMENDED AS OF FEBRUARY 17, 2018 TO EFFECTIVELY EXCHANGE THE FOUNDATION'S VARIABLE INTEREST RATE EXPOSURE OF 68% OF ONE-MONTH LIBOR RATE PLUS 0.7150% WITH NO FLOOR ON THE NOTIONAL AMOUNT OF THE BOND TO A FIXED 3.34% RATE. THIS INTEREST RATE SWAP AGREEMENT MATURES OCTOBER 17, 2029. A SOUTH CAROLINA JOBS- ECONOMIC DEVELOPMENT AUTHORITY 570960018 2018-05-09 15755000 BUILDING, STRUCTURES & LAND 0 0 0 A 15755000 156099 15598901 2018 0 0 1 1 A 1 0 0 0 0 0 0 A 0 0 1 0 1 0 0 0 0 A 0 X 22 22049 FMV X 49034 FMV X 93 3454181 FMV X 57 42879 FMV X 5 18011 FMV X EQUIPMENT 11 356017 FMV X MISCELLANEOUS 232 235918 FMV X JEWELRY 18 11443 FMV 0 1 1 PART I, LINE 32B: WE RETAIN A STOCK BROKER TO LIQUIDATE STOCK GIFTS AND REAL ESTATE BROKERS TO SELL REAL ESTATE GIFTS. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT PROVIDES AN ELECTRONIC COPY OF THE 990 TO THE BOARD OF DIRECTORS ALONG WITH AN EXECUTIVE SUMMARY FOR THEIR REVIEW AND FEEDBACK. IN ADDITION, THE 990 IS PRESENTED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS PROVIDED TO ALL DIRECTORS, PRINCIPAL OFFICERS, AND TOP MANAGEMENT ANNUALLY. THEY ARE ASKED TO SIGN A STATEMENT AFFIRMING THAT THEY HAVE RECEIVED A COPY OF THE POLICY, HAVE READ AND UNDERSTAND THE POLICY, AND AGREE TO COMPLY WITH THE POLICY. THE BOARD IS ALSO SURVEYED FOR ANY ISSUES. IN THE EVENT OF A POTENTIAL CONFLICT DURING THE YEAR, THE INTERESTED PERSON SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS SETS COMPENSATION FOR THE CEO. THE COMMITTEE RELIES ON PERFORMANCE EVALUATIONS, PEER AND INDUSTRY COMPARISONS, AND ANY ADDITIONAL INDEPENDENT DATA TO SET THE EXECUTIVE COMPENSATION. THE DECISION IS DOCUMENTED IN THE BOARD MINUTES. THE CFO'S COMPENSATION IS SET BY THE CEO WITH ASSISTANCE OF THE BOARD CHAIRPERSON. A FORMAL PERFORMANCE EVALUATION IS PREPARED ALONG WITH COMPARABLE DATA FROM INDEPENDENT PARTIES AND PEERS. ALL MANAGEMENT AND STAFF ARE EMPLOYEES OF EITHER MUSC OR MUSC PHYSICIANS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE THROUGH ITS OWN WEBSITE. ALSO PROVIDED ON THE WEBSITE ARE CERTAIN GOVERNING DOCUMENTS AS WELL AS THE ORGANIZATION'S IRS DETERMINATION LETTER. THE CONFLICT OF INTEREST POLICY AND OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. THE FOUNDATION IS CONTINUING TO MAKE MORE INFORMATION AVAILABLE THROUGH ITS WEBSITE. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAP -1,080,424. CHANGES IN VALUE OF SPLIT INTEREST AGREEMENTS -282,000. UNREALIZED GAIN ON INVESTMENT IN AFFILIATE -216,407. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED. 55 BEE STREET LLC 55 BEE STREET CHARLESTON SC 29425 576028985 RENTAL SC 72066 779869 MUSC FOUNDATION PARKING GARAGE ASSOCIATES LLC 18 BEE STREET CHARLESTON SC 29425 576028985 RENTAL SC 1293599 16484807 MUSC FOUNDATION 135 CANNON STREET 135 CANNON STREET CHARLESTON SC 29403 576028985 RENTAL SC 1547679 20933000 MUSC FOUNDATION 165 CANNON STREET 165 CANNON STREET CHARLESTON SC 29403 576028985 RENTAL SC 20545 14228389 MUSC FOUNDATION MEDICAL UNIVERSTIY OF SOUTH CAROLINA 171 ASHLEY AVENUE CHARLESTON SC 29425 576007222 UNIVERSITY SC IRC 115 LINE 6 N/A 0 MUSC HOSPITAL AUTHORITY 171 ASHLEY AVENUE CHARLESTON SC 29425 571098556 HOSPITAL SC 501(C)(3) LINE 6 N/A 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 MEDICAL UNIVERSTIY OF SOUTH CAROLINA B 25366406 FMV MEDICAL UNIVERSTIY OF SOUTH CAROLINA J 4146978 FMV MEDICAL UNIVERSTIY OF SOUTH CAROLINA M 19417 FMV MEDICAL UNIVERSTIY OF SOUTH CAROLINA O 688801 FMV MUSC HOSPITAL AUTHORITY B 3622230 FMV MUSC HOSPITAL AUTHORITY J 130302 FMV MUSC HOSPITAL AUTHORITY O 209249 FMV