2021-05-14T14:34:14-05:00 2020-06-30 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2019-07-01 576028985 MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION MEDI 8437922677 18 BEE STREET CHARLESTON SC 29425 ROBYN M FRAMPTON CHIEF FINANCIAL OFFICER 8437922677 2021-05-13 1 JANICE A RATICA P00358837 7043338881 2021-05-13 2019 2022-09-23 18:48:47Z STUART AMES 18 BEE STREET CHARLESTON SC 29425 349570429 0 X WWW.MUSC.EDU/FOUNDATION X 1966 SC THE MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION (THE "FOUNDATION") WAS INCORPORATED IN JULY 1966 UNDER THE LAWS OF SOUTH CAROLINA AS AN EDUCATIONAL, CHARITABLE, ELEEMOSYNARY FOUNDATION TO PROMOTE EDUCATIONAL, RESEARCH, CLINICAL, AND OTHER FACILITIES AND PROGRAMS OF THE MEDICAL UNIVERSITY OF SOUTH CAROLINA ("MUSC"). IN 2005, THE FOUNDATION EXPANDED ITS PURPOSE BY AMENDING ITS BYLAWS TO PROMOTE THE SAME TYPES OF PROGRAMS THROUGH THE MEDICAL UNIVERSITY HOSPITAL AUTHORITY ("MUHA"), A COMPONENT UNIT OF MUSC. IF THE FOUNDATION IS DISSOLVED, ITS ASSETS SHALL BE TRANSFERRED TO MUSC AND USED BY MUSC IN ITS ACTIVITIES. THEREFORE, THE FOUNDATION MEETS THE DEFINITION ESTABLISHED BY THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD AS A COMPONENT UNIT OF MUSC. MUSC IS REQUIRED TO INCLUDE FINANCIAL INFORMATION OF THE FOUNDATION IN ITS REPORTING. 30 30 1 200 -448989 0 19180297 25290923 10307417 6337894 18074191 -2868950 0 -133683 47561905 28626184 28988635 31396335 0 0 0 21000 0 0 2347461 10145691 8511626 39134326 39928961 8427579 -11302777 627864659 614746136 178453870 169017104 449410789 445729032 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 29975200 29564118 460703 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. FOR FY20 SIGNIFICANT SUPPORT WAS PROVIDED TO RESPOND TO THE COVID-19 PANDEMIC. AMONG THIS SUPPORT, RESOURCES WERE USED TO INTEGRATE RESEARCH AND CLINICAL EFFORTS TO INCREASE DIAGNOSTIC AND ANTIBODY TESTING, TREATMENT, AND CLINICAL TRIALS. CRITICAL SUPPLIES AND STAFFING NEEDS WERE ALSO MET THROUGH THIS SUPPORT. OUTREACH TO THE COMMUNITY AND THE GROWTH IN SERVING THE STATE THROUGH THE CREATION OF A REGIONAL HEALTH NETWORK WAS A TRANSFORMATIVE ACCOMPLISHMENT OF THE MUSC HEALTH SYSTEM FOR SERVING THE NEEDS OF THE STATE'S CITIZENS. 1832217 1832217 STUDENT SCHOLARSHIPS - THE MUSC ENTERPRISE IS FOCUSED ON THE AFFORDABILITY OF MEDICAL EDUCATION THROUGH SCHOLARSHIP OPPORTUNITIES FOR STUDENTS. TO THIS EFFORT, THE FOUNDATION HAS PARTNERED WITH MUSC TO INCREASE ITS SUPPORT OF SCHOLARSHIPS NOW AND IN THE FUTURE. SIGNIFICANT SCHOLARSHIP SUPPORT WAS AWARDED ACROSS ALL 6 COLLEGES THAT ENABLED STUDENTS TO BEGIN OR CONTINUE THEIR GOALS IN MEDICAL EDUCATION. THE RESOURCES PROVIDED BY THE FOUNDATION WERE COMBINED WITH OTHER RESOURCES OF MUSC TO CREATE APPROXIMATELY $6.5 MILLION AWARDED DOLLARS TO THESE STUDENTS. 2437506 5874202 THE FOUNDATION CONTINUES TO SUPPORT THE MAINTENANCE AND CREATION OF STUDENT AND FACULTY FACILITIES AT THE MEDICAL UNIVERSITY OF SOUTH CAROLINA. THE FOUNDATION WORKS STRATEGICALLY WITH THE MUSC ENTERPRISE TO PROVIDE AND SUPPORT STATE OF THE ART FACILITIES FOR THE PURPOSES OF CLINICAL CARE, RESEARCH AND EDUCATION. THESE FACILITIES ARE INTEGRAL TO THE SUCCESS OF MUSC BEING RECOGNIZED AS A NATIONAL LEADER IN MANY DISCIPLINES AND FOR ITS CONTINUED NATIONAL GROWTH IN OTHER FOCUSED CLINICAL, ACADEMIC AND RESEARCH AREAS. 11582 OTHER PROGRAM SERVICE ACCOMPLISHMENTS 11582 34256505 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 1 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 127 0 1 1 1 1 1 0 0 0 0 1 1 0 0 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 NY CA X X ROBYN M FRAMPTON 8437922677 18 BEE STREET CHARLESTON SC 29425 THOMAS P ANDERSON CEO (RETIRED 6/30/2019) 40.00 X 0 392642 16822 DR DAVID J COLE DIRECTOR, EX-OFFICIO 1.00 X 0 327879 87357 STUART AMES CEO (STARTED 6/24/2019) 40.00 X 0 275158 5221 ROBYN FRAMPTON COO/CFO 40.00 X 21000 171452 3935 MR RICHARD J ALMEIDA DIRECTOR 1.00 X 0 0 0 MR JIM ALLHUSEN DIRECTOR 1.00 X 0 0 0 MR ANDREW T BARRETT DIRECTOR 1.00 X 0 0 0 MR JAMES A BATTLE JR DIRECTOR 1.00 X 0 0 0 DR BRINDA MODI CHOKSHI DIRECTOR 1.00 X 0 0 0 DR DEBORAH JONES DAVIS DIRECTOR 1.00 X 0 0 0 MR JOHN O DOWNING DIRECTOR 1.00 X 0 0 0 MR GEORGE W GEPHART JR DIRECTOR 1.00 X 0 0 0 MR THOMAS K FLANAGAN DIRECTOR 1.00 X 0 0 0 MR S RICHARD HAGINS DIRECTOR 1.00 X 0 0 0 MS LOU HAMMOND DIRECTOR 1.00 X 0 0 0 COL W MICHAEL HEATH DIRECTOR 1.00 X 0 0 0 DR HAROLD W JABLON DIRECTOR 1.00 X 0 0 0 MR MICHAEL MISHA JOUKOWSKY DIRECTOR 1.00 X 0 0 0 MR ROBERT M KEANE DIRECTOR 1.00 X 0 0 0 DR JAMES LEMON DIRECTOR 1.00 X 0 0 0 MR KEVIN LUZAK DIRECTOR 1.00 X 0 0 0 MS JAN CHILDRESS MCCRARY DIRECTOR 1.00 X 0 0 0 MR THOMAS F TOM MOTAMED DIRECTOR 1.00 X 0 0 0 MS SUSAN PEARLSTINE NORTON DIRECTOR 1.00 X 0 0 0 MR W THOMAS PARRINGTON DIRECTOR 1.00 X 0 0 0 DR CELESTE PATRICK DIRECTOR 1.00 X 0 0 0 DR BRIAN POPLIN DIRECTOR 1.00 X 0 0 0 MR CHARLES W SCHULZE DIRECTOR 1.00 X 0 0 0 MS MARVA SMALLS DIRECTOR 1.00 X 0 0 0 DR ALLAN J THOMPSON DIRECTOR 1.00 X 0 0 0 DR RONALD L THOMPSON DIRECTOR 1.00 X 0 0 0 MS ANN WROBLESKI DIRECTOR 1.00 X 0 0 0 MR JOHN T CAHILL CHAIR 4.00 X X 0 0 0 MR JAMES S JIM MACLEOD VICE CHAIR 4.00 X X 0 0 0 21000 1167131 113335 0 1 1 0 KIAWAH ISLAND INN COMPANY LLC 1 SANCTUARY BEACH DRIVE KIAWAH ISLAND SC 29455 RENTAL 142877 1 3048987 22241936 2001461 25290923 RENTAL INCOME 531110 5877191 5874202 2989 MUHA/MUSC PHYSICIANS/OTHER CLINIC 622110 460703 460703 6337894 7435516 7435516 309890124 207446 320135036 267000 -10244912 -59554 -10304466 -451978 -9852488 408526 3048987 542209 -133683 -133683 28626184 6334905 -448989 -2550655 31396335 31396335 21000 21000 1680956 1680956 1454178 12806 1415209 26163 109161 109161 19276 19276 1271232 1271232 993249 968575 24674 DEVELOPMENT COST 2067094 0 0 2067094 OTHER PROGRAM EXPENSES 607557 607557 0 0 DONATED GOODS 254204 0 0 254204 MISCELLANEOUS 54719 0 54719 0 39928961 34256505 3324995 2347461 15418066 13591892 31633420 28654706 5606121 6694025 97563116 17254660 81301703 80308456 268252909 178711081 214959126 296662324 10693314 10123652 627864659 614746136 20520441 12531765 4288927 3549749 39998865 37408908 91269700 92156246 22375937 23370436 178453870 169017104 X 67279015 76442911 382131774 369286121 449410789 445729032 627864659 614746136 X -11302777 9546163 -1925143 X X 0 1 X 1 0 X X 2 MEDICAL UNIVERSITY OF SOUTH CAROLINA 576007222 6 1 23564565 56335 MUSC HOSPITAL AUTHORITY 571098556 3 1 7775435 0 2 31340000 56335 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 X SCHEDULE A, PART IV, SECTION E, LINE 1C THE MEDICAL UNIVERSITY OF SOUTH CAROLINA FOUNDATION (THE "FOUNDATION") WAS INCORPORATED IN JULY 1966 UNDER THE LAWS OF SOUTH CAROLINA AS AN EDUCATIONAL, CHARITABLE, ELEEMOSYNARY FOUNDATION TO PROMOTE EDUCATIONAL, RESEARCH, CLINICAL, AND OTHER FACILITIES AND PROGRAMS OF THE MEDICAL UNIVERSITY OF SOUTH CAROLINA ("MUSC"). IN 2005, THE FOUNDATION EXPANDED ITS PURPOSE BY AMENDING ITS BYLAWS TO PROMOTE THE SAME TYPES OF PROGRAMS THROUGH THE MEDICAL UNIVERSITY HOSPITAL AUTHORITY ("MUHA"), A COMPONENT UNIT OF MUSC. THE FOUNDATION PROVIDES SUPPORT FOR MUSC AND MUHA IN THE FORM OF CASH GRANTS TO PROMOTE EDUCATION, RESEARCH AND OTHER PROGRAMS, INCLUDING SCHOLARSHIPS AND FACULTY, STUDENT AND STAFF SUPPORT. THE FOUNDATION ALSO PROVIDES SUPPORT FOR MUSC AND MUHA IN THE FORM OF NONCASH, IN-KIND, CONTRIBUTIONS. MUSC FOUNDATION'S (THE FOUNDATION) PRIMARY MISSION IS TO SUPPORT THE MEDICAL UNIVERSITY OF SC AND MUSC HOSPITAL AUTHORITY. PLEASE SEE PART 1, LINE 1 OF FORM 990. THE FOUNDATION MANAGES A FUNCTION ON BEHALF OF MUSC AND MUHA. MUSC AND MUHA ARE REQUIRED BY STATE LAW TO ENSURE THIS FUNCTION IS PROVIDED. THE FOUNDATION'S PROGRAM EXPENSES ARE SPENT IN SUPPORT OF MUSC AND MUHA. THE PROGRAM EXPENSES ACCOUNT FOR APPROXIMATELY 90% OF ALL OF THE FOUNDATION'S EXPENSES. THE REMAINING 10% OF EXPENSES ARE FOR MANAGEMENT AND GENERAL EXPENSES. THEREFORE, SUBSTANTIALLY ALL OF THE ACTIVITIES ARE TO SUPPORT MUSC AND MUHA. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 375592691 3819515 -3349936 11509175 364553095 371301220 3063022 11338929 10110480 375592691 342051786 11907867 29581104 12239537 371301220 312001725 9733191 33839944 13523074 342051786 322643944 6550801 -3802009 13391011 312001725 0.04940 0.80170 0.14880 0 0 54600084 66944 54667028 40147852 558197 16968359 23737690 339875 120574 286301 174148 1729590 1729590 80308456 PARTNERSHIPS 88264130 F HEDGE FUNDS 188959026 F OTHER INVESTMENTS 1803941 F STOCK FUNDS 17635227 F 296662324 ANNUITIES PAYABLE 3054614 INTEREST RATE SWAP 2463422 CONTRIBUTIONS PAYABLE 17852400 23370436 X 35181276 9546163 542209 10088372 25092904 1608137 1925143 3533280 28626184 38863033 542209 542209 38320824 1608137 1608137 39928961 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, ANY INCOME FROM ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX EXEMPT PURPOSE WOULD BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(3). TAX EXEMPT STATUS ARISES FROM THE FACT THAT THE FOUNDATION'S SOLE REASON FOR EXISTENCE IS AS A SUPPORT ORGANIZATION FOR MUSC AND MUHA. MANAGEMENT HAS EVALUATED THE TAX POSITIONS OF THE FOUNDATION AND DOES NOT BELIEVE THAT ANY UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS EXIST FOR THE YEARS ENDED JUNE 30, 2020 OR 2019. THE FOUNDATION'S POLICY IS TO REPORT ACCRUED INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS, WHEN APPLICABLE, AS INTEREST EXPENSE AND TO REPORT PENALTIES AS OTHER EXPENSE. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR TAX YEARS BEFORE 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 542,209. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INTEREST RATE SWAP 1,155,293. CHANGES IN VALUE OF SPLIT INTEREST AGREEMENTS 235,896. UNREALIZED LOSS ON INVESTMENT IN AFFILIATE 533,954. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 542,209. VIA PASSTHROUGH ENTITIES 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 PART III ACCOUNTING METHOD: LOWVELO 718423 717040 1383 130 GOURMET AND GRAPES 805864 561678 244186 224794 16 1933226 1770269 162957 317285 3457513 3048987 408526 542209 542209 -133683 1 MEDICAL UNIVERSITY OF SOUTH CAROLINA 18 BEE STREET CHARLESTON SC 29425 576007222 115 23564565 56335 FMV MATERIALS, SUPPLIES, AND CAPITAL ASSIST UNIVERSITY MEDICAL UNIVERSITY HOSPITAL AUTHORITY 171 ASHLEY AVENUE CHARLESTON SC 29425 571098556 501 (C) (3) 7775435 CASH ASSIST HOSPITAL 2 0 PART I, LINE 2: WE PROVIDE SUPPORT TO OUR SUPPORTED ORGANIZATIONS. THEIR REQUESTS MUST REMAIN WITHIN THE DONOR'S INTENT AND WE REVIEW IT TO DETERMINE THAT THE REQUEST DOES MEET ALL THE REQUIREMENTS. 1 X X X X 0 1 0 0 0 0 0 0 0 THOMAS P ANDERSON CEO (RETIRED 6/30/2019) 0 197642 0 195000 0 0 0 0 0 16822 0 409464 0 50000 DR DAVID J COLE DIRECTOR, EX-OFFICIO 0 327879 0 0 0 0 0 80000 0 7357 0 415236 0 0 STUART AMES CEO (STARTED 6/24/2019) 0 175158 0 100000 0 0 0 0 0 5221 0 280379 0 0 ROBYN FRAMPTON COO/CFO 21000 171452 0 0 0 0 0 0 0 3935 21000 175387 0 0 PART I, LINE 4B THOMAS P. ANDERSON RETIRED ON JUNE 30, 2019 AND RECEIVED $50,000. SCHEDULE J, PART II, COLUMN, B THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS RELIES ON PERFORMANCE EVALUATIONS IN DETERMINATION OF INCENTIVE COMPENSATION PAYMENTS. 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 1083280 6000 1077280 2009 0 0 1 1 B 2360428 10000 2350428 2009 0 0 1 1 C 20858099 96000 20762099 2009 0 0 1 1 D 19381084 88000 19293084 2010 0 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 1 0 1 1 BB&T 10.000000000000 0 0 0 0 0 B 0 0 1 0 1 1 BB&T 10.000000000000 0 0 0 0 0 C 0 0 1 0 1 1 BB&T 10.000000000000 0 0 0 0 0 D 0 0 1 0 1 1 BB&T 10.000000000000 0 0 0 0 0 A 0 B 0 C 0 D 0 SCHEDULE K, PART IV, LINE 4C EFFECTIVE AS OF NOVEMBER 17, 2014, THE FOUNDATION ENTERED INTO AN AMENDED INTEREST RATE SWAP AGREEMENT TO EFFECTIVELY EXCHANGE THE FOUNDATION'S VARIABLE INTEREST RATE EXPOSURE OF 68% OF ONE- MONTH LIBOR RATE PLUS 0.7150% WITH NO FLOOR ON THE NOTIONAL AMOUNT OF THE BOND TO A FIXED 2.73% RATE. THIS AGREEMENT WAS AMENDED AS OF FEBRUARY 17, 2018 TO EFFECTIVELY EXCHANGE THE FOUNDATION'S VARIABLE INTEREST RATE EXPOSURE OF 68% OF ONE-MONTH LIBOR RATE PLUS 0.7150% WITH NO FLOOR ON THE NOTIONAL AMOUNT OF THE BOND TO A FIXED 3.34% RATE. THIS INTEREST RATE SWAP AGREEMENT MATURES OCTOBER 17, 2029. A SOUTH CAROLINA JOBS- ECONOMIC DEVELOPMENT AUTHORITY 570960018 2018-05-09 15755000 BUILDING, STRUCTURES & LAND 0 0 0 A 15755000 156099 15598901 2018 0 0 1 1 A 1 0 0 0 0 0 0 A 0 0 1 0 1 0 0 0 0 A 0 X 14 12928 FMV X 38228 FMV X 53 1455786 FMV X 48 32238 FMV X 42 347524 FMV X MISCELLANEOUS 100 106020 FMV X JEWELRY 5 8737 FMV 0 0 1 1 PART I, LINE 32B: WE RETAIN A STOCK BROKER TO LIQUIDATE STOCK GIFTS AND REAL ESTATE BROKERS TO SELL REAL ESTATE GIFTS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, 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. IN THE EVENT OF A POTENTIAL CONFLICT DURING THE YEAR, THE INTERESTED PERSON SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 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 DECISION IS DOCUMENTED IN THE BOARD MINUTES. 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 MUSC PHYSICIANS. 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 ORGANIZATION'S 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. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAP -1,155,293. CHANGES IN VALUE OF SPLIT INTEREST AGREEMENTS -235,896. UNREALIZED GAIN ON INVESTMENT IN AFFILIATE -533,954. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED. 55 BEE STREET LLC 55 BEE STREET CHARLESTON SC 29425 576028985 RENTAL SC 70746 806740 MUSC FOUNDATION PARKING GARAGE ASSOCIATES LLC 18 BEE STREET CHARLESTON SC 29425 576028985 RENTAL SC 1267309 16591208 MUSC FOUNDATION 135 CANNON STREET 135 CANNON STREET CHARLESTON SC 29403 576028985 RENTAL SC 1519716 21100971 MUSC FOUNDATION 165 CANNON STREET 165 CANNON STREET CHARLESTON SC 29403 576028985 RENTAL SC 202465 13585863 MUSC FOUNDATION MEDICAL UNIVERSTIY OF SOUTH CAROLINA 171 ASHLEY AVENUE CHARLESTON SC 29425 576007222 UNIVERSITY SC IRC 115 LINE 6 N/A 0 MUSC HOSPITAL AUTHORITY 171 ASHLEY AVENUE CHARLESTON SC 29425 571098556 HOSPITAL SC 501(C)(3) LINE 6 N/A 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 23620900 FMV MEDICAL UNIVERSTIY OF SOUTH CAROLINA J 4226178 FMV MEDICAL UNIVERSTIY OF SOUTH CAROLINA M 19034 FMV MEDICAL UNIVERSTIY OF SOUTH CAROLINA O 752031 FMV MUSC HOSPITAL AUTHORITY B 7775435 FMV MUSC HOSPITAL AUTHORITY J 130302 FMV