2014-05-15T14:24:10-05:00 2013-06-30 570381582 ELLIOTT DAVIS LLCPLLC 100 CALHOUN ST STE 300 CHARLESTON SC 29401 990 2012-07-01 576028985 MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION MEDI 8437922677 18 BEE STREET CHARLESTON SC 29425 ROBYN M FRAMPTON 8437922677 2014-05-13 1 MELONIE HAMMOND-TRACE CPA P00497186 8435777040 2012 2015-11-30 17:44:51Z THOMAS P ANDERSON 18 BEE STREET CHARLESTON SC 29425 126646373 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 2 200 0 -22999 14205754 30469379 14065266 9741534 12696771 9941939 0 0 40967791 50152852 14413198 16602353 0 0 0 0 55000 55000 2193247 6739833 13467872 21208031 30125225 19759760 20027627 412517405 457520024 161069632 164059512 251447773 293460512 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 15530505 15477029 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. 1125324 1125324 STUDENT SCHOLARSHIPS 9757697 9741534 SUPPORT OF STUDENT AND FACULTY FACILITIES AT THE MEDICAL UNIVERSITY OF SOUTH CAROLINA. 59067 59067 26472593 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 1 128 0 1 2 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 2.00 X 0 0 0 PAULA HARPER BETHEA 0.00 X 0 0 0 WILLIAM A BAKER JR 0.00 X 0 0 0 WH BEST 0.00 X 0 0 0 WILLIAM H BINGHAM SR 2.00 X 0 0 0 FRANK W BRUMLEY 0.00 X 0 0 0 HARRY JULIUS BUTLER JR 4.00 X 0 0 0 JOHN E CAY III 2.00 X 0 0 0 KAY K CHITTY 5.00 X 0 0 0 LJOHN CLARK 1.00 X 0 0 0 JAMES B EDWARDS 0.00 X 0 0 0 CARLOS E EVANS 1.00 X 0 0 0 MARCIA GRIFFIN FALK 1.00 X 0 0 0 THEODORA L FELDBERG 0.00 X 0 0 0 LARRY J FERGUSON 1.00 X 0 0 0 CECIL EDWARD FLOYD 1.00 X 0 0 0 RAYMOND S GREENBERG 2.00 X 200000 233732 56879 WILLIAM B HEWITT 0.00 X 0 0 0 FELICE HIRSCH 1.00 X 0 0 0 HAROLD B HOLMES JR 0.00 X 0 0 0 SHAWN A JENKINS 1.00 X 0 0 0 WALTER F JOHNSON III 1.00 X 0 0 0 ELIZABETH H MCCULLOUGH 1.00 X 0 0 0 VERNON E MERCHANT JR 0.00 X 0 0 0 JOHN TUCKER MORSE 0.00 X 0 0 0 BENJAMIN NAVARRO 1.00 X 0 0 0 KELLEY O'QUINN 0.00 X 0 0 0 WILBUR J PREZZANO JR 0.00 X 0 0 0 JR RICHARDSON 1.00 X 0 0 0 THOMAS C ROWLAND JR 1.00 X 0 0 0 ALLAN E STALVEY 1.00 X 0 0 0 DANIEL J SULLIVAN 2.00 X 0 0 0 ROBERT J SYWOLSKI 1.00 X 0 0 0 JOHN E THOMPSON 0.00 X 0 0 0 THOMAS WARING 0.00 X 0 0 0 DOUGLAS P WENDEL 1.00 X 0 0 0 ANITA ZUCKER 0.00 X 0 0 0 JOHN W BARTER 2.00 X 0 0 0 HELEN COKIE BERENYI 1.00 X 0 0 0 RICHARD HAGINS 2.00 X 0 0 0 LOU HAMMOND 3.00 X 0 0 0 SUSANNA JOHNSON 1.00 X 0 0 0 KEVIN LUZAK 1.00 X 0 0 0 ANDREW T BARRETT 1.00 X 0 0 0 ALLAN J THOMPSON 1.00 X 0 0 0 RICHARD D ELLIOTT 2.00 X 0 0 0 WALTER G SEINSHEIMER 4.00 X 0 0 0 ROBYN FRAMPTON 40.00 X 12000 129356 38316 THOMAS P ANDERSON 40.00 X 253667 22900 90649 465667 385988 185844 2 0 1 0 ROPES AND GRAY LLP PO BOX 414265 BOSTON MA 02241 LEGAL SERVICES 271694 LCG ASSOCIATES 400 GALLERIA PARKWAY SUITE 1800 ATLANTA GA 30339 INVESTMENT CONSULTING 258934 UPSTREAM PARTNERS 571 COUNTY LINTY LINE ROAD RADNOR PA 19087 CONSULTING 153941 3 367316 30102063 4462543 30469379 RENTAL INCOME 531110 6429600 6429600 MUHA/UMA/OTHER CLINICAL 622110 3311934 3311934 9741534 2866842 2866842 81346524 1800000 74062345 2009082 7284179 -209082 7075097 7075097 422094 367316 422094 0 50152852 9741534 0 9941939 16602353 16602353 11795 10491 1304 55000 55000 574802 511230 63572 7260 7260 7641891 7641891 1277700 1259659 18041 DEVELOPMENT COST 1358961 1358961 PERSONNEL 1259464 286077 708841 264546 INVESTMENT AND BANK FEE 467766 467766 DONATED GOODS 427631 427631 440602 160892 192601 87109 30125225 26472593 1459385 2193247 9663802 6395182 12068654 15244779 139465 1020478 90971839 13014493 80498165 77957346 162982623 199575756 141488871 150910545 5675825 6415938 412517405 457520024 7303979 12371560 9968921 9229743 43778025 40345618 75247836 78343985 24770871 23768606 161069632 164059512 X 35322781 39082474 101754709 130160657 114370283 124217381 251447773 293460512 412517405 457520024 X 20027627 21334959 650153 X X 0 1 X 1 0 X X 0 0 0 MEDICAL UNIVERSITY OF SOUTH CAROLINA 576007222 6 1 1 1 15748561 MUSC HOSPITAL AUTHORITY 571098556 6 1 1 1 113222 2 15861783 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 239472477 8304771 32761569 8219924 272318893 230285581 3756229 11549475 6118808 239472477 181554058 3810897 49718032 4797406 230285581 145666648 7621736 30998381 2732707 181554058 160917099 7224238 -17882162 4592527 145666648 0.07980 0.67790 0.24230 0 0 40185994 66944 40252938 49487338 542972 12683585 37346725 339873 160254 330908 169219 188464 188464 77957346 PARTNERSHIPS 66093292 F HEDGE FUNDS 84817253 F 150910545 ANNUITIES PAYABLE 4607165 INTEREST RATE SWAP 1309041 CONTRIBUTIONS PAYABLE 17852400 23768606 72560058 21334959 650153 21985112 50574946 -422094 -422094 50152852 30547319 422094 422094 30125225 0 30125225 PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INTEREST RATE SWAP 1,185,519. CHANGES IN VALUE OF SPLIT INTEREST AGREEMENTS -535,366. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -422,094. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 422,094. 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 789410 367316 422094 422094 789410 367316 422094 422094 422094 0 1 MEDICAL UNIVERSITY OF SOUTH CAROLINA 18 BEE STREET CHARLESTON SC 29425 576007222 115 15748561 740570 FMV IN-KIND CONTRIBUTION ASSIST UNIVERSITY MEDICAL UNIVERSITY HOSPITAL AUTHORITY 171 ASHLEY AVENUE CHARLESTON SC 29425 571098556 501 (C) (3) 113222 CASH ASSIST HOSPITAL 1 X X X X 0 0 0 0 0 0 0 0 0 RAYMOND S GREENBERG 200000 230612 0 0 0 3120 0 0 9726 47153 209726 280885 0 0 ROBYN FRAMPTON 12000 129356 0 0 0 0 0 0 918 37398 12918 166754 0 0 THOMAS P ANDERSON 198009 22900 50000 0 5658 0 0 0 85294 5355 338961 28255 0 0 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 171982 1083280 6000 1 0 1 1 B 375565 2360428 10000 1 0 1 1 C 3316640 20858099 96000 1 0 1 1 D 3101338 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 X 24 182298 FMV X 26602 FMV X 77 3003139 FMV X 40 16910 FMV X EQUIPMENT 9 894287 FMV X SUPPLIES 3 3400 FMV X ADVERTISING 1 232000 FMV X MISCELLANEOUS 190 60727 FMV X SOFTWARE 1 9800 FMV X TRAVEL 40 33380 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 UMA. 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 ORGANIZATIONS 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAP 1,185,519. CHANGES IN VALUE OF SPLIT INTEREST AGREEMENTS -535,366. 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 125395 1068883 MUSC FOUNDATION PARKING GARAGE ASSOCIATES LLC 18 BEE STREET CHARLESTON SC 29425 576028985 RENTAL SC 2246101 17731827 MUSC FOUNDATION 135 CANNON STREET 135 CANNON STREET CHARLESTON SC 29403 576028985 RENTAL SC 2690309 22214180 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 16489131 FMV MEDICAL UNIVERSTIY OF SOUTH CAROLINA J 4226178 FMV MEDICAL UNIVERSTIY OF SOUTH CAROLINA M 23597 FMV MEDICAL UNIVERSTIY OF SOUTH CAROLINA O 389521 FMV MUSC HOSPITAL AUTHORITY B 113222 FMV MUSC HOSPITAL AUTHORITY J 84840 FMV MUSC HOSPITAL AUTHORITY O 28022 FMV