Form 990 for tax year 2023
Filed by UNIVERSITY OF SOUTH CAROLINA DEVELOPMENT FOUNDATION.
Totals
- Total revenue
- $9,750,275
- Total expenses
- $14,192,142
- Contributions and grants received
- $965,676
- Grants paid
- $0
- Program services expenses (Part IX)
- $13,270,416
- Management and general expenses
- $921,726
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $13,270,416
Program services were 93.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
James W Cantey
Chair
- Total calculated
- $0
- Hours/week
- 2
-
Lee S Dixon
Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
M Elizabeth Crum
Chair Emeritus
- Total calculated
- $0
- Hours/week
- 1.5
-
A Stanley Harpe III
Director
- Total calculated
- $0
- Hours/week
- 5 + 1 related
-
C Dan Adams
Director
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
C David Tuttle
Director
- Total calculated
- $0
- Hours/week
- 1
-
David M Lambert
Director
- Total calculated
- $0
- Hours/week
- 1
-
Deepal S Eliatamby
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dr Susie H VanHuss
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dr Tom H Regan
Director
- Total calculated
- $128,395
- From this org
- $0
- From related orgs
- $128,395
- Other
- $0
- Hours/week
- 0.5
-
F Page Morris
Director
- Total calculated
- $0
- Hours/week
- 1
-
Herbert C Adams
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Jim O Stuckey II
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mark W Buyck Jr
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
S Alan Medlin
Director
- Total calculated
- $236,425
- From this org
- $0
- From related orgs
- $236,425
- Other
- $0
- Hours/week
- 3 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $236,425 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $236,425 related
-
Susan M Douglas
Director
- Total calculated
- $0
- Hours/week
- 3
-
Swati S Patel
Director
- Total calculated
- $0
- Hours/week
- 0.3
-
Thomas E Suggs
Director
- Total calculated
- $0
- Hours/week
- 2
-
William C Hammett Jr
Director
- Total calculated
- $0
- Hours/week
- 4
-
Kimberly H Elliott
Treasurer and CFO
- Total calculated
- $300,538
- From this org
- $0
- From related orgs
- $287,250
- Other
- $13,288
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $254,750 related
- Bonus
- $0 + $10,000 related
- Other
- $0 + $22,500 related
- Deferred
- $0 + $10,703 related
- Nontaxable benefits
- $0 + $2,585 related
- Filer's total
- $0 + $300,538 related
-
Lindsey E Fisher
Secretary
- Total calculated
- $43,933
- From this org
- $0
- From related orgs
- $29,691
- Other
- $14,242
- Hours/week
- 10 + 30 related
-
R Hunter Lambert
Assistant Vice President, Director of Real Estate
- Total calculated
- $156,731
- From this org
- $0
- From related orgs
- $132,795
- Other
- $23,936
- Hours/week
- 25 + 15 related
Schedule J breakdown matched by us
- Base
- $0 + $122,295 related
- Bonus
- $0 + $10,500 related
- Other
- $0
- Deferred
- $0 + $9,062 related
- Nontaxable benefits
- $0 + $14,874 related
- Filer's total
- $0 + $156,731 related
-
R Jason Caskey
President and CEO
- Total calculated
- $478,789
- From this org
- $0
- From related orgs
- $451,421
- Other
- $27,368
- Hours/week
- 25 + 15 related
Schedule J breakdown matched by us
- Base
- $0 + $388,921 related
- Bonus
- $0 + $40,000 related
- Other
- $0 + $22,500 related
- Deferred
- $0 + $11,625 related
- Nontaxable benefits
- $0 + $15,743 related
- Filer's total
- $0 + $478,789 related
-
Sandy Hightower
Secretary
- Total calculated
- $50,546
- From this org
- $0
- From related orgs
- $36,592
- Other
- $13,954
- Hours/week
- 10 + 30 related
-
Susan B Smith
Chief Operating Officer
- Total calculated
- $267,684
- From this org
- $0
- From related orgs
- $196,193
- Other
- $71,491
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $196,193 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $67,357 related
- Nontaxable benefits
- $0 + $4,134 related
- Filer's total
- $0 + $267,684 related
-
Jean F Pinckney
Director of Accounting
- Total calculated
- $152,279
- From this org
- $0
- From related orgs
- $139,846
- Other
- $12,433
- Hours/week
- 39 + 1 related
Schedule J breakdown matched by us
- Base
- $0 + $139,346 related
- Bonus
- $0 + $500 related
- Other
- $0
- Deferred
- $0 + $9,250 related
- Nontaxable benefits
- $0 + $3,183 related
- Filer's total
- $0 + $152,279 related
-
Jennifer S Muir
Director of Investments
- Total calculated
- $214,121
- From this org
- $0
- From related orgs
- $157,207
- Other
- $56,914
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $156,707 related
- Bonus
- $0 + $500 related
- Other
- $0
- Deferred
- $0 + $9,544 related
- Nontaxable benefits
- $0 + $47,370 related
- Filer's total
- $0 + $214,121 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part III ADDITIONAL INFORMATION
- USC Educational Foundation employees provide services for both the USC Educational Foundation and the USC Development Foundation, including its subsidiaries. The amounts in Schedule J include compensation for services rendered to both organizations. The USC Development Foundation and its subsidiaries provide the USC Educational Foundation with a lump sum allocation toward personnel expenses.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
Public university · SC
Directly controlled by NA
-
University of South Carolina educational foundation
501(c)(3) · Education and research support · SC
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501329349302335
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.