2012-05-03T12:52:54-05:00 2011-06-30 ELLIOTT DAVIS LLCPLLC 100 CALHOUN ST STE 300 CHARLESTON SC 29401 990 2010-07-01 576028985 MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION MEDI 8437922677 18 BEE STREET CHARLESTON SC 29425 ROBYN M FRAMPTON 8437922677 2012-05-02 1 8435777040 2010 2016-02-24 21:20:13Z THOMAS P ANDERSON 18 BEE STREET CHARLESTON SC 29425 144721422 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 0 0 0 0 24798074 17729634 17317625 16332837 4669104 3642648 102070 0 46886873 37705119 17830747 13701113 0 0 21566 25608 55000 55000 2074066 12115273 14923720 30022586 28705441 16864287 8999678 346348709 402852904 138907553 156823274 207441156 246029630 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 12408452 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. 1026953 1026953 STUDENT SCHOLARSHIPS 11760885 16332837 SUPPORT OF STUDENT AND FACULTY FACILITIES AT THE MEDICAL UNIVERSITY OF SOUTH CAROLINA. 54113 54113 54113 54113 25250403 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 0 1 93 0 1 0 0 1 CJ 0 0 1 1 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 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 THOMAS P ANDERSON 40.00 X X 228229 21000 81467 WILLIAM A BAKER JR 0.00 X 0 0 0 MELVYN BERLINSKY 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 2.00 X 0 0 0 JOHN E CAY III 3.00 X 0 0 0 KAY K CHITTY 3.00 X 0 0 0 LJOHN CLARK 5.00 X 0 0 0 JAMES B EDWARDS 0.00 X 0 0 0 RICHARD D ELLIOTT 1.00 X 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 3.00 X 0 225314 45239 THOMAS HEARON III 0.30 X 0 0 0 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 2.00 X 0 0 0 WILLIAM M MATTHEW 0.00 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 WALTER G SEINSHEIMER 4.00 X X 0 0 0 ALLAN E STALVEY 1.00 X 0 0 0 DANIEL J SULLIVAN 3.00 X 0 0 0 ROBERT J SYWOLSKI 1.00 X 0 0 0 JOHN E THOMPSON 0.00 X 0 0 0 RICK J THROCKMORTON 1.00 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 ROBYN FRAMPTON 40.00 X X 0 122768 33960 228229 369082 160666 1 0 1 0 LCG ASSOCIATES 400 GALLERIA PARKWAY SUITE 1800 ATLANTA GA 30339 INVESTMENT CONSULTING 223338 1 286363 17443271 6206956 17729634 MUHA/UMA/OTHER CLINICA 622110 9726796 9726796 RENTAL INCOME 531110 6606041 6606041 16332837 3964542 3964542 105888614 490369 106050377 650500 -161763 -160131 -321894 -321894 315426 286363 315426 0 37705119 16332837 0 3642648 12674160 12674160 1026953 1026953 25608 25608 55000 55000 233704 142745 90959 115329 115329 4169 4169 8782780 8782780 1303532 1277523 26009 DEVELOPMENT COST 1207211 1207211 OTHER PROGRAM RELATED E 983328 983328 PERSONNEL 908312 247585 660727 DONATED GOODS 731118 731118 BANK FEES 395642 395642 258595 177858 80737 28705441 25250403 1380972 2074066 6690995 8090103 32178969 17623280 14426689 401317 65041 92793140 11125429 82892362 81667711 156270727 193394369 45176146 98571242 5114913 6637749 346348709 402852904 4526583 10572446 10946551 10702351 47845259 47240684 53973572 65499347 21615588 22808446 138907553 156823274 X 31639122 31982492 79948908 108684144 95853126 105362994 207441156 246029630 346348709 402852904 X 8999678 29588796 X X 0 1 1 X 0 X X 0 0 0 MEDICAL UNIVERSITY OF SOUTH CAROLINA 576007222 6 1 1 1 13642664 MUSC HOSPITAL AUTHORITY 571098556 6 1 1 1 58449 2 13701113 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 181554058 3810897 49718032 4797406 230285581 145666648 7621736 30998381 2732707 181554058 160917099 7224238 -17882162 4592527 145666648 0.06000 0.78000 0.16000 0 0 40714994 66944 40781938 50934741 542004 10780333 40696412 211330 134663 345096 897 188464 188464 81667711 PARTNERSHIPS 34339870 F HEDGE FUNDS 64231372 F 98571242 ANNUITIES PAYABLE 4690215 INTEREST RATE SWAP 265831 CONTRIBUTIONS PAYABLE 17852400 22808446 37705119 28705441 8999678 30394594 -805798 29588796 38588474 67609341 30394594 -805798 29588796 38020545 -315426 -315426 37705119 29020867 315426 315426 28705441 0 28705441 PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INTEREST RATE SWAP -265,831. CHANGES N VALUE OF SPLIT INTEREST AGREEMENTS -539,967. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INTEREST RATE SWAP -265,831. CHANGES N VALUE OF SPLIT INTEREST AGREEMENTS -539,967. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -315,426. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 315,426. X X X X X X 0 JAMES B EDWARDS 100 VENNING STREET MOUNT PLEASANT SC 29464 CONSULTANT 0 0 0 55000 55000 VARIOUS 601789 286363 315426 315426 601789 286363 315426 315426 315426 0 1 MEDICAL UNIVERSITY OF SOUTH CAROLINA 18 BEE STREET CHARLESTON SC 29425 576007222 115 10982105 1633606 FMV IN-KIND CONTRIBUTION ASSIST UNIVERSITY MEDICAL UNIVERSITY HOSPITAL AUTHORITY 171 ASHLEY AVENUE CHARLESTON SC 29425 571098556 501 (C) (3) 58449 CASH ASSIST HOSPITAL 2 SCHOLARSHIPS 428 1026953 X 0 1 X X X X 0 0 0 0 0 0 0 0 0 THOMAS P ANDERSON 187871 21000 35000 0 5358 0 0 0 76859 4608 305088 25608 0 0 RAYMOND S GREENBERG 0 219770 0 0 0 5544 0 0 0 45239 0 270553 0 0 ROBYN FRAMPTON 0 122768 0 0 0 0 0 0 0 33960 0 156728 0 0 SOUTH CAROLINA JOBS- ECONOMIC DEVELOPMENT AUTHORITY 570960018 2009-12-17 1083280 BUILDING AND STRUCTURES 0 0 0 SOUTH CAROLINA JOBS- ECONOMIC DEVELOPMENT AUTHORITY 570960018 2009-12-17 2360428 BUILDING AND STRUCTURES 0 0 0 SOUTH CAROLINA JOBS- ECONOMIC DEVELOPMENT AUTHORITY 570960018 2009-12-17 20858099 BUILDING AND STRUCTURES 0 0 0 SOUTH CAROLINA JOBS- ECONOMIC DEVELOPMENT AUTHORITY 570960018 2010-01-07 19381084 BUILDING AND STRUCTURES 0 0 0 1083280 6000 1 0 1 1 2360428 10000 1 0 1 1 20858099 96000 1 0 1 1 19381084 88000 1 0 1 1 X 1 6800 FMV X 66000 FMV X 38 1397938 FMV X 6 2300149 FMV X 1 1719 FMV X EQUIPMENT 4 776907 FMV X SUPPLIES 2 564180 FMV X ADVERTISING 3 511850 FMV X VIDEO PRODUCTION 1 20000 FMV X MISCELLANEOUS 561413 FMV 0 1 0 THIRD PARTY USE: PART I, LINE 32B: ALTHOUGH IT IS NOT A WRITTEN POLICY, IT IS STANDARD PROTOCOL TO FLAG SUCH CONTRIBUTIONS FOR REVIEW IN ORDER TO DETERMINE WHETHER TO ACCEPT. 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. 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 5: NET UNREALIZED GAINS ON INVESTMENTS: 30,394,594. UNREALIZED LOSS ON INTEREST RATE SWAP -265,831. CHANGES N VALUE OF SPLIT INTEREST AGREEMENTS -539,967. TOTAL TO FORM 990, PART XI, LINE 5: 29,588,796. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED 55 BEE STREET LLC 55 BEE STREET CHARLESTON SC 29425 576028985 RENTAL SC 97900 1096064 PARKING GARAGE ASSOCIATES LLC 18 BEE STREET CHARLESTON SC 29425 576028985 RENTAL SC 1755405 18628892 135 CANNON STREET 135 CANNON STREET CHARLESTON SC 29403 576028985 RENTAL SC 2101638 23167439 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 1 0 0 1 0 1 0 0 0 0 MEDICAL UNIVERSTIY OF SOUTH CAROLINA B 13642664 FMV MEDICAL UNIVERSTIY OF SOUTH CAROLINA I 386715 FMV MEDICAL UNIVERSTIY OF SOUTH CAROLINA L 21526 FMV MEDICAL UNIVERSTIY OF SOUTH CAROLINA N 372999 FMV MUSC HOSPITAL AUTHORITY B 19978 FMV MUSC HOSPITAL AUTHORITY L 84840 FMV MUSC HOSPITAL AUTHORITY N 38471 FMV