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UNIVERSITY OF SOUTH CAROLINA DEVELOPMENT FOUNDATION

EIN 57-6026593 COLUMBIA, SC

Browse the largest nonprofits in South Carolina

Revenue 2023
$9,750,275
Expenses 2023
$14,192,142

Program services were 93.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B110
Classification
2000
Street
1027 BARNWELL ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

1 other organization in the IRS Business Master File lists the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2023

Mission

To support the University of South Carolina in acquiring, developing, and managing real estate and other special assets to serve the needs of the University.

Activities or mission (Part I)

See Schedule O.

  • The primary purposes of the foundation are to acquire real and personal property; and to hold, rent, sell, or transfer such property in accordance with the needs of the university of south Carolina.

    Expenses $13,270,416 · Revenue $2,405,291

As filed on the 2023 return.

Officers and directors · 2023

As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • 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

The first 25 listed. 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, and on a Form 990-PF Part VIII's — 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. Earlier years are each on their own filing page.

Filings

  • 2023
    Revenue
    $9,750,275
    Expenses
    $14,192,142
    Contributions
    $965,676
    Grants paid
    $0
  • 2022
    Revenue
    $7,043,492
    Expenses
    $6,189,303
    Contributions
    $782,340
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2023 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2022 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2021 · 990

    Revenue
    $12,812,740
    Expenses
    $4,985,202
    Assets (EOY)
    $223,211,043
  • 2021 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2020 · 990

    Revenue
    $5,614,138
    Expenses
    $4,983,370
    Assets (EOY)
    $224,446,394
  • 2020 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2019 · 990

    Revenue
    $11,125,873
    Expenses
    $7,982,283
    Assets (EOY)
    $217,256,275
  • 2018 · 990

    Revenue
    $8,818,628
    Expenses
    $7,630,884
    Assets (EOY)
    $221,155,280
  • 2017 · 990

    Revenue
    $6,343,510
    Expenses
    $11,396,717
    Assets (EOY)
    $224,901,833
  • 2016 · 990

    Revenue
    $6,955,460
    Expenses
    $11,528,827
    Assets (EOY)
    $233,040,602

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2023 return

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Disregarded entities on its 2023 return

  • CDRC LLC

    Land/bldg to house USC Child Development Research Center · SC · income $293,059 · assets $3,861,821

  • Williams at blossom llc

    Real Estate investment · SC · income $159,270 · assets $1,026,631

  • Addesso-DF LLC

    Owns 49% interest in residential/retail condo project via Addesso/columbia · SC · income $0 · assets $0

  • The Inn At USC LLC

    Ground lease to usc hotel associates, llc · SC · income $206,667 · assets $3,652,756

  • West Campus LLC

    university student housing · SC · income $11,199,973 · assets $99,406,725

  • CPF Properties II LLC

    real estate development · SC · income $911,898 · assets $12,786,232

  • Innovista Parking LLC

    leasing campus parking spaces · SC · income $1,547,932 · assets $13,832,015

  • Superior Tennis Center LLC

    University tennis facility · SC · income $0 · assets $6,609,852

  • Gadsden & Greene LLC

    Student HOusing · SC · income $0 · assets $127,601,771

  • Pickens & Gervais LLC

    Real estate investment · SC · income $203,286 · assets $2,525,832

Related corporations and trusts on its 2023 return

  • USCInnovation LLC

    C Corporation · real estate development · SC · 100% owned · share of income $3,062,304 · share of assets $20,796,873

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility SOUNK.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2023, the newest we have parsed for this organization.