2015-05-13T11:29:53-05:00 2014-06-30 570381582 ELLIOTT DAVIS DECOSIMO LLCPLLC 100 CALHOUN ST STE 300 CHARLESTON SC 29401 990 2013-07-01 576028985 MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION MEDI 8437922677 18 BEE STREET CHARLESTON SC 29425 ROBYN M FRAMPTON CHIEF FINANCIAL OFFICER 8437922677 2015-05-08 1 MELONIE HAMMOND-TRACE CPA P00497186 8435777040 2013 2016-02-25 16:41:14Z THOMAS P ANDERSON 18 BEE STREET CHARLESTON SC 29425 152548553 0 X WWW.MUSC.EDU/FOUNDATION X 1966 SC THE MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION (MUSCF) WAS CHARTERED IN 1966 AS A CHARITABLE, EDUCATIONAL FOUNDATION TO SUPPORT THE EDUCATION, RESEARCH, PATIENT CARE AND OTHER PROGRAMS AT THE MEDICAL UNIVERSITY AND MEDICAL UNIVERSITY HOSPITAL AUTHORITY. 30 30 3 200 0 -97313 30469379 19116800 9741534 11192946 9941939 15624665 0 -313382 50152852 45621029 16602353 20888954 0 0 0 0 55000 55000 1895959 13467872 16435061 30125225 37379015 20027627 8242014 457520024 496783510 164059512 173732379 293460512 323051131 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 20124780 19475413 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. 1413541 1413541 STUDENT SCHOLARSHIPS 11630029 SUPPORT OF STUDENT AND FACULTY FACILITIES AT THE MEDICAL UNIVERSITY OF SOUTH CAROLINA. 93720 93720 33262070 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 1 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 1 150 0 1 3 1 0 1 CJ 0 0 0 1 1 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 X X ROBYN M FRAMPTON 8437922677 18 BEE STREET CHARLESTON SC 29425 ROGER G ACKERMAN DIRECTOR 2.00 X 0 0 0 PAULA HARPER BETHEA EMERITA 0.00 X 0 0 0 WILLIAM A BAKER JR EMERITUS 0.00 X 0 0 0 WH BEST EMERITUS 0.00 X 0 0 0 WILLIAM H BINGHAM SR DIRECTOR 2.00 X 0 0 0 FRANK W BRUMLEY EMERITUS 0.00 X 0 0 0 HARRY JULIUS BUTLER JR DIRECTOR 4.00 X 0 0 0 JOHN E CAY III DIRECTOR 2.00 X 0 0 0 KAY K CHITTY DIRECTOR 5.00 X 0 0 0 LJOHN CLARK DIRECTOR 1.00 X 0 0 0 JAMES B EDWARDS EMERITUS 0.00 X 0 0 0 RICHARD D ELLIOTT EMERITUS 0.00 X 0 0 0 CARLOS E EVANS CHAIRMAN 4.00 X X 0 0 0 MARCIA GRIFFIN FALK DIRECTOR 1.00 X 0 0 0 THEODORA L FELDBERG EMERITA 0.00 X 0 0 0 LARRY J FERGUSON DIRECTOR 1.00 X 0 0 0 RAYMOND S GREENBERG HONORARY 2.00 X 150000 188964 49349 WILLIAM B HEWITT EMERITUS 0.00 X 0 0 0 FELICE HIRSCH DIRECTOR 1.00 X 0 0 0 HAROLD B HOLMES JR EMERITUS 0.00 X 0 0 0 SHAWN A JENKINS DIRECTOR 1.00 X 0 0 0 ELIZABETH H MCCULLOUGH DIRECTOR 1.00 X 0 0 0 VERNON E MERCHANT JR EMERITUS 0.00 X 0 0 0 JOHN TUCKER MORSE EMERITUS 0.00 X 0 0 0 BENJAMIN NAVARRO DIRECTOR 1.00 X 0 0 0 KELLEY O'QUINN EMERITA 0.00 X 0 0 0 WILBUR J PREZZANO JR EMERITUS 0.00 X 0 0 0 JR RICHARDSON DIRECTOR 1.00 X 0 0 0 THOMAS C ROWLAND JR EMERITUS 0.00 X 0 0 0 WALTER G SEINSHEIMER EMERITUS 0.00 X 0 0 0 DANIEL J SULLIVAN VICE-CHAIRMAN 2.00 X X 0 0 0 ROBERT J SYWOLSKI EMERITUS 0.00 X 0 0 0 JOHN E THOMPSON EMERITUS 0.00 X 0 0 0 THOMAS WARING EMERITUS 0.00 X 0 0 0 DOUGLAS P WENDEL DIRECTOR 1.00 X 0 0 0 ANITA ZUCKER EMERITA 0.00 X 0 0 0 JOHN W BARTER DIRECTOR 2.00 X 0 0 0 HELEN COKIE BERENYI DIRECTOR 1.00 X 0 0 0 RICHARD HAGINS DIRECTOR 2.00 X 0 0 0 LOU HAMMOND DIRECTOR 3.00 X 0 0 0 SUSANNA JOHNSON DIRECTOR 1.00 X 0 0 0 KEVIN LUZAK DIRECTOR 1.00 X 0 0 0 ANDREW T BARRETT DIRECTOR 1.00 X 0 0 0 ALLAN J THOMPSON DIRECTOR 1.00 X 0 0 0 JAMES A BATTLE DIRECTOR 1.00 X 0 0 0 DAVID J COLE DIRECTOR (EX-OFFICIO) 1.00 X 0 0 0 CELESTE PATRICK DIRECTOR 1.00 X 0 0 0 BRIAN POPLIN DIRECTOR 1.00 X 0 0 0 MARVA SMALLS DIRECTOR 1.00 X 0 0 0 RONALD L THOMPSON DIRECTOR 1.00 X 0 0 0 WILLIAM M MATTHEW HONORARY 1.00 X 0 0 0 ROBYN FRAMPTON CHIEF FINANCIAL OFFICER/TR 40.00 X 13000 131833 40609 THOMAS P ANDERSON CHIEF EXECUTIVE OFFICE/SEC 40.00 X 409587 33685 84452 572587 354482 174410 2 0 1 0 LCG ASSOCIATES 400 GALLERIA PARKWAY SUITE 1800 ATLANTA GA 30339 INVESTMENT CONSULTING 280177 ROPES AND GRAY LLP PO BOX 414265 BOSTON MA 02241 LEGAL SERVICES 185618 2 2487080 16629720 3666307 19116800 RENTAL INCOME 531110 6404606 6404606 MUHA/MUSC PHYSICIANS/OTHER CLINIC 622110 4788340 4788340 11192946 4027930 4027930 117748285 288589 106145907 294232 11602378 -5643 11596735 11596735 174003 2487080 487385 -313382 -313382 45621029 11192946 0 15311283 20888954 20888954 55000 55000 149477 78494 70983 106460 106460 2365 2365 9891842 9891842 1267828 1250258 17570 DEVELOPMENT COST 1505836 1505836 PERSONNEL 1171667 296103 770165 105399 INVESTMENT AND BANK FEE 1147162 1147162 OTHER PROGRAM RELATED E 856419 856419 336005 106281 229724 37379015 33262070 2220986 1895959 6395182 10444636 15244779 12652427 1020478 412406 90959327 14261403 77957346 76697924 199575756 244840905 150910545 146667428 6415938 5067784 457520024 496783510 12371560 20356167 9229743 7991965 40345618 37505143 78343985 84297244 23768606 23581860 164059512 173732379 X 39082474 38457310 130160657 150969645 124217381 133624176 293460512 323051131 457520024 496783510 X 8242014 21800050 -451445 X X 0 1 X 1 0 X X 0 0 0 MEDICAL UNIVERSITY OF SOUTH CAROLINA 576007222 6 1 1 1 20004646 MUSC HOSPITAL AUTHORITY 571098556 6 1 1 1 561017 2 20565663 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 272318893 5980534 44412232 10131640 312580019 239472477 8304771 32761569 8219924 272318893 230285581 3756229 11549475 6118808 239472477 181554058 3810897 49718032 4797406 230285581 145666648 7621736 30998381 2732707 181554058 0.07520 0.28700 0.63780 0 0 40185994 66944 40252938 49487338 542972 13938060 36092250 339873 147742 323343 164272 188464 188464 76697924 PARTNERSHIPS 81066380 F HEDGE FUNDS 62582199 F OTHER INVESTMENTS 3018849 F 146667428 ANNUITIES PAYABLE 4525877 INTEREST RATE SWAP 1203583 CONTRIBUTIONS PAYABLE 17852400 23581860 66785317 21800050 -451445 21348605 45436712 671702 -487385 184317 45621029 37194698 487385 487385 36707313 671702 671702 37379015 PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INTEREST RATE SWAP 105,458. CHANGES IN VALUE OF SPLIT INTEREST AGREEMENTS -556,903. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -487,385. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 487,385. X X X X X X 1 JAMES B EDWARDS 100 VENNING STREET MOUNT PLEASANT SC 29464 CONSULTANT 0 0 55000 -55000 55000 -55000 VARIOUS 2661083 2487080 174003 487385 2661083 2487080 174003 487385 487385 -313382 1 MEDICAL UNIVERSITY OF SOUTH CAROLINA 18 BEE STREET CHARLESTON SC 29425 576007222 115 20004646 323291 FMV IN-KIND CONTRIBUTION ASSIST UNIVERSITY MEDICAL UNIVERSITY HOSPITAL AUTHORITY 171 ASHLEY AVENUE CHARLESTON SC 29425 571098556 501 (C) (3) 561017 CASH ASSIST HOSPITAL 1 X X X X 0 0 0 0 0 0 0 0 0 RAYMOND S GREENBERG HONORARY 150000 188964 0 0 0 0 0 0 9224 40125 159224 229089 0 0 ROBYN FRAMPTON CHIEF FINANCIAL OFFICER/TR 13000 131833 0 0 0 0 0 0 995 39614 13995 171447 0 0 THOMAS P ANDERSON CHIEF EXECUTIVE OFFICE/SEC 204088 33685 0 0 205499 0 0 0 76304 8148 485891 41833 0 0 SCHEDULE J, PART II, LINE 3(I) INCLUDED IN THOMAS ANDERSON'S OTHER REPORTABLE COMPENSATION IN ROW III IS A ONE TIME PAYOUT OF $200,000 REPRESENTING THE PAYOUT OF THE DEFERRED COMPENSATION ACCRUAL FOR THE PAST 5 YEARS. 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 229221 1083280 6000 1 0 1 1 B 500544 2360428 10000 1 0 1 1 C 4420374 20858099 96000 1 0 1 1 D 4127609 19381084 88000 1 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 0 0 1 1 BB&T 10.000000000000 0 0 0 0 0 B 0 0 0 0 1 1 BB&T 10.000000000000 0 0 0 0 0 C 0 0 0 0 1 1 BB&T 10.000000000000 0 0 0 0 0 D 0 0 0 0 1 1 BB&T 10.000000000000 0 0 0 0 0 A 0 B 0 C 0 D 0 X 29 139152 FMV X 2825 FMV X 9291 FMV X 69 2542074 FMV X 1 270000 FMV X 1 267000 FMV X 28 8471 FMV X SUPPLIES 10 347956 FMV X MISCELLANEOUS 155 38832 FMV X EQUIPMENT 2 25555 FMV X TRAVEL 14 10152 FMV X ADVERTISING 1 5000 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 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. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S CONTRACT IS AVAILABLE FOR INSPECTION AND REVIEW AT THE FOUNDATION OFFICE. 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 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. IN THE CASE OF A WHISTLEBLOWER ACTION, THE EMPLOYEE WOULD BE REQUIRED TO FOLLOW THE APROPRIATE POLICIES AND PROCEDURES FOR THEIR EMPLOYER. 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 105,458. CHANGES IN VALUE OF SPLIT INTEREST AGREEMENTS -556,903. FORM 990, PAGE 12, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED. 55 BEE STREET LLC 55 BEE STREET CHARLESTON SC 29425 576028985 RENTAL SC 99155 1057864 MUSC FOUNDATION PARKING GARAGE ASSOCIATES LLC 18 BEE STREET CHARLESTON SC 29425 576028985 RENTAL SC 1775954 17372037 MUSC FOUNDATION 135 CANNON STREET 135 CANNON STREET CHARLESTON SC 29403 576028985 RENTAL SC 2127322 21776894 MUSC FOUNDATION MEDICAL UNIVERSTIY OF SOUTH CAROLINA 171 ASHLEY AVENUE CHARLESTON SC 29425 576007222 UNIVERSITY SC IRC 115 LINE 6 0 MUSC HOSPITAL AUTHORITY 171 ASHLEY AVENUE CHARLESTON SC 29425 571098556 HOSPITAL SC 501(C)(3) LINE 6 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 20327937 FMV MEDICAL UNIVERSTIY OF SOUTH CAROLINA J 4226178 FMV MEDICAL UNIVERSTIY OF SOUTH CAROLINA M 24436 FMV MEDICAL UNIVERSTIY OF SOUTH CAROLINA O 397767 FMV MUSC HOSPITAL AUTHORITY B 561017 FMV MUSC HOSPITAL AUTHORITY J 84840 FMV MUSC HOSPITAL AUTHORITY O 28022 FMV