Public Charity

MUSC Foundation for Research Development

MUSC Foundation for Research Development is a nonprofit organization categorized as Public Charity based in CHARLESTON, SC. Its most recent IRS filing (2025) reports revenue of $5.6M, expenses of $5.2M, total assets of $4.7M. Imperigo tracks 14 reported grant relationships connected to this organization totaling approximately $420K.

EIN: 571031624 CHARLESTON, SC Latest filing: 2025
Total Revenue$5.6M
Total Expenses$5.2M
Total Assets$4.7M
Grant Records14
Funding Total$420K
Filing Years2021–2025

Mission

1. TO SUPPORT THE EDUCATIONAL, RESEARCH, AND HEALTHCARE MISSION OF THE MEDICAL UNIVERSITY OF SOUTH CAROLINA (MUSC) BY FOSTERING CREATIVITY AND INNOVATION. 2. TO INITIATE AND SUSTAIN COOPERATION AND COLLABORATION BETWEEN MUSC AND BUSINESS AND INDUSTRY. 3. ACT AS MUSC'S INTELLECTUAL PROPERTY MANAGEMENT AND TECHNOLOGY MARKETING ARM. 4. ADVANCE HEALTHCARE-RELATED ECONOMIC DEVELOPMENT FOR SOUTH CAROLINA AND THE NATION. 5. SUPPORT ECONOMIC DEVELOPMENT THROUGH TECHNOLOGY LICENSING.

Officers & Directors

Trustee Anand Mehta Dphil
Trustee James Chappell
Trustee Jesse Goodwin Phd
VP Joe Fiore
VP of Medical Technologly Joe Ruscito
Trustee Lisa Drakeman Phd

Officer compensation and complete director data available with membership.

Top Grant Purposes

Maturation & SACT Feasibility
$117,947 1 grant
Strategic Alignment
$50,000 1 grant
HEALTH & HUMAN SERVICES
$43,298 2 grants
GENERAL SUPPORT
$42,000 2 grants
General Support
$41,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2025 $5.6M $5.2M $4.7M
2024 $5.1M $4.5M $4.7M
2023 $5.5M $4.6M $4.1M
2022 $3.0M $2.9M $2.3M
2021 $2.8M $2.8M $2.4M

Between 2021 and 2025, reported annual revenue grew from $2.8M to $5.6M (+102%), with total assets most recently reported at $4.7M.

Interactive year-over-year charts and full filing details available with membership.

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