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Nonprofit · EIN 57-6017985

UNIVERSITY OF SOUTH CAROLINA EDUCATIONAL FOUNDATION

Tax-exempt · COLUMBIA, SC 29208

Financials

$64.1M$52.1M2022$84.7M$72.6M2023$85.1M$71.2M2024
Revenue Expenses · by fiscal year end
Financials of UNIVERSITY OF SOUTH CAROLINA EDUCATIONAL FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$85,063,683$71,170,376$13,893,307$856,929,284$35,116,073$821,813,211
June 30, 2024990$84,705,963$72,648,031$12,057,932$731,690,918$27,862,515$703,828,403
June 30, 2023990$64,081,466$52,078,875$12,002,591$660,021,680$21,931,947$638,089,733
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$54,181,657
Program service revenue
$852,207
Investment income
$29,207,898
Royalties
$155,795
Net gain from sales of assets
$17,329,083
Net income from fundraising events
-$127,003
Other revenue
$821,921

Expenses

Grants and similar amounts paid
$33,782,231
Compensation of officers, directors and key employees
$1,387,206
Other salaries and wages
$1,354,098
Salaries, compensation and benefits (total)
$3,289,521
Professional fundraising fees
$235,952
Legal fees
$45,099
Accounting fees
$64,891
Occupancy
$585,889
Travel
$2,034,974
Depreciation
$5,716
Program services (functional)
$64,732,546
Management and general (functional)
$4,736,201
Fundraising (functional)
$1,701,629

Balance sheet and other

Total assets, start of year
$731,690,918
Total assets, end of year
$856,929,284
Total liabilities, end of year
$35,116,073
Net assets, end of year
$821,813,211
Land, buildings and equipment
$3,006,368
Publicly traded securities
$729,739,515
Net assets without donor restrictions
$126,376,270
Net assets with donor restrictions
$695,436,941
Gross receipts
$100,164,295
Employees
28
Volunteers
20
Year formed
1956
State of legal domicile
SC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Michael AmiridisUniversity President
Highest-paid employee
0$593,041$0
Jason CaskeyPresident and CEO, University Foundation
Officer
15$469,728$31,499
Kim ElliottCFO and Treasurer
Officer
30$298,710$16,916
Susan SmithCOO (END JANUARY 2025)
Key employee
30$196,243$73,965
Jennifer MuirDirector of Investments
Highest-paid employee
39$162,364$63,238
Hunter LambertAssistant Vice President, Director R.E.
Officer
15$149,771$35,825
Jean PinckneyDirector of Accounting
Highest-paid employee
1$148,304$15,244
Ruth Ann ShulerDirector of Planned Giving
Highest-paid employee
40$147,700$12,371
Pam CopeDirector of Human Resources
Highest-paid employee
40$126,800$13,048
Sandy HightowerSecretary (END MAY 2025)
Officer
30$74,817$35,962
Calvin ElamVice Chair
Trustee or director, Officer
1$0$0
James BennettChair Emeritus
Trustee or director, Officer
1$0$0
Kenda LaugheyChair
Trustee or director, Officer
1$0$0
Boyd B JonesDirector
Trustee or director
1$0$0
Christopher JudgeDirector
Trustee or director
1$0$0
15 more people on this return
NameTitleHours / weekCompensation
Felicia HowardDirector
Trustee or director
1$0
J Allen WrightDIRECTOR
Trustee or director
1$0
Jeff SpearsDIRECTOR
Trustee or director
1$0
John V JonsonDirector
Trustee or director
1$0
Leah MoodyDIRECTOR
Trustee or director
1$0
Lori HairDirector
Trustee or director
1$0
Pamela A BakerDirector
Trustee or director
1$0
R Keith ElliottDirector
Trustee or director
1$0
Richard S PlylerDIRECTOR
Trustee or director
1$0
Rufus C McEntire JrDirector
Trustee or director
1$0
Stephen D MarinoDirector
Trustee or director
1$0
Susan W CramerDirector
Trustee or director
1$0
Thomas C Deas JrDirector
Trustee or director
1$0
William D ChaseDirector
Trustee or director
1$0
William N SmithDIRECTOR
Trustee or director
1$0
990 for the year ended June 30, 2024: 34 people
NameTitleHours / weekCompensationOther / benefits
Michael AmiridisUniversity President
Highest-paid employee
40$587,357$0
Jason CaskeyPresident and CEO, University Foundation
Officer
15$451,421$27,368
Kim ElliottCFO and Treasurer
Officer
30$287,250$13,288
Susan SmithCOO
Key employee
30$196,193$71,492
Jennifer MuirDirector of Investments
Highest-paid employee
39$157,207$56,914
Ruth Ann ShulerDirector of Planned Giving
Highest-paid employee
40$161,192$41,896
Hunter LambertAssistant Vice President, Director R.E.
Officer
15$132,795$23,937
Jean PinckneyDirector of Accounting
Highest-paid employee
1$139,846$12,434
Pam CopeDirector of Human Resources
Highest-paid employee
40$122,500$10,970
Sandy HightowerSecretary (beginning July 2023)
Officer
30$36,592$13,954
James BennettChair
Trustee or director, Officer
1$0$0
Kenda LaugheyVice Chair
Trustee or director, Officer
1$0$0
Rita CaughmanChair Emeritus
Trustee or director, Officer
1$0$0
Boyd B JonesDirector
Trustee or director
1$0$0
Calvin H ElamDirector
Trustee or director
1$0$0
Christopher JudgeDirector
Trustee or director
1$0$0
Felicia HowardDirector
Trustee or director
1$0$0
J Allen WrightDirector
Trustee or director
1$0$0
James P BarrowDirector
Trustee or director
1$0$0
Jeff SpearsDirector
Trustee or director
1$0$0
John V JonsonDirector
Trustee or director
1$0$0
Leah B MoodyDirector
Trustee or director
1$0$0
Lori HairDirector
Trustee or director
1$0$0
Pamela A BakerDirector
Trustee or director
1$0$0
R Keith ElliottDirector
Trustee or director
1$0$0
Richard S PlylerDirector
Trustee or director
1$0$0
Rufus C McEntire JrDirector
Trustee or director
1$0$0
S Stanley Juk JrDirector
Trustee or director
1$0$0
Stephen D MarinoDirector
Trustee or director
1$0$0
Susan W CramerDirector
Trustee or director
1$0$0
Thomas C Deas JrDirector
Trustee or director
1$0$0
Tony TamDirector
Trustee or director
1$0$0
William D ChaseDirector
Trustee or director
1$0$0
William N SmithDirector
Trustee or director
1$0$0
990 for the year ended June 30, 2023: 35 people
NameTitleHours / weekCompensationOther / benefits
R JASON CASKEYPRESIDENT AND CEO, UNIVERSITY FOUNDATION
Officer
15$404,230$26,705
MICHAEL AMIRIDISUNIVERSITY PRESIDENT
Highest-paid employee
40$297,631$0
KIM ELLIOTTCFO AND TREASURER
Officer
30$276,000$11,407
SUSAN B SMITHCOO
Key employee
30$199,243$68,195
HARRIS PASTIDESUNIVERSITY PRESIDENT
Highest-paid employee
40$221,229$0
JENNIFER MUIRDIRECTOR OF INVESTMENTS
Highest-paid employee
39$159,564$51,520
RUTH ANN SHULERDIRECTOR OF PLANNED GIVING
Highest-paid employee
40$122,181$43,615
JEAN PINCKNEYDIRECTOR OF ACCOUNTING
Highest-paid employee
1$134,804$11,554
HUNTER LAMBERTASSISTANT VICE PRESIDENT, DIRECTOR R.E.
Officer
15$116,230$16,531
LINDSEY FISHERSECRETARY
Officer
30$72,743$27,572
RITA CAUGHMANCHAIR EMERITUS
Trustee or director, Officer
1$0$0
JAMES BENNETTCHAIR
Trustee or director, Officer
1$0$0
KENDA LAUGHEYVICE CHAIR
Trustee or director, Officer
1$0$0
PAMELA A BAKERDIRECTOR
Trustee or director
1$0$0
JAMES P BARROWDIRECTOR
Trustee or director
1$0$0
WILLIAM D CHASEDIRECTOR
Trustee or director
1$0$0
SUSAN W CRAMERDIRECTOR
Trustee or director
1$0$0
THOMAS C DEAS JRDIRECTOR
Trustee or director
1$0$0
CALVIN H ELAMDIRECTOR
Trustee or director
1$0$0
R KEITH ELLIOTTDIRECTOR
Trustee or director
1$0$0
FELICIA HOWARDDIRECTOR
Trustee or director
1$0$0
BOYD B JONESDIRECTOR
Trustee or director
1$0$0
JOHN V JONSONDIRECTOR
Trustee or director
1$0$0
CHRISTOPHER JUDGEDIRECTOR
Trustee or director
1$0$0
S STANLEY JUKDIRECTOR
Trustee or director
1$0$0
SANDRA J KELLYDIRECTOR
Trustee or director
1$0$0
STEPHEN D MARINODIRECTOR
Trustee or director
1$0$0
RUFUS C MCENTIRE JRDIRECTOR
Trustee or director
1$0$0
LEAH B MOODYDIRECTOR
Trustee or director
1$0$0
RICHARD S PLYLERDIRECTOR
Trustee or director
1$0$0
WILLIAM H PORTERDIRECTOR
Trustee or director
1$0$0
WILLIAM N SMITHDIRECTOR
Trustee or director
1$0$0
JEFF SPEARSDIRECTOR
Trustee or director
1$0$0
TONY TAMDIRECTOR
Trustee or director
1$0$0
J ALLEN WRIGHTDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
1027 BARNWELL ST, COLUMBIA, SC 29208-4017
In care of
% RUSS MEEKINS
Principal officer (990 for 2024)
R Jason Caskey, 1027 Barnwell Street, Columbia, SC 29208
Signed the 990
R Jason Caskey, President/CEO
Phone
(803) 777-1466
Return prepared by
Forvis Mazars LLP

Mission

To support the University of South Carolina in its academic, research and charitable endeavors by promoting a culture of philanthropy, managing and stewarding donor gifts, and providing financial resources to support students and faculty now and into the future.

990 for the year ended June 30, 2025

Program accomplishments

  • Aid the university in achieving its mission as the state's flagship institution of higher education through the establishment/implementation of long-range fundraising programs.
    Expenses $64,732,546 · grants $33,782,231 · revenue $1,801,131

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
57-6017985
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Organization supporting a government college or university
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1962
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B110)
Assets (IRS master file)
$856,929,284
Income (IRS master file)
$100,164,295

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$85,063,683$71,170,376$856,929,284IRS
990-TJune 2025–––IRS
990June 2024$84,705,963$72,648,031$731,690,918IRS
990-TJune 2024–––IRS
990June 2023$64,081,466$52,078,875$660,021,680XML
990-TJune 2023–––IRS
990June 2022$89,201,263$50,992,215$607,523,681IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 57-6017985).

Questions about UNIVERSITY OF SOUTH CAROLINA EDUCATIONAL FOUNDATION

What is the EIN of UNIVERSITY OF SOUTH CAROLINA EDUCATIONAL FOUNDATION?
The employer identification number (EIN) of UNIVERSITY OF SOUTH CAROLINA EDUCATIONAL FOUNDATION is 57-6017985.
Is UNIVERSITY OF SOUTH CAROLINA EDUCATIONAL FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1962.
Are donations to UNIVERSITY OF SOUTH CAROLINA EDUCATIONAL FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does UNIVERSITY OF SOUTH CAROLINA EDUCATIONAL FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of UNIVERSITY OF SOUTH CAROLINA EDUCATIONAL FOUNDATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did UNIVERSITY OF SOUTH CAROLINA EDUCATIONAL FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of UNIVERSITY OF SOUTH CAROLINA EDUCATIONAL FOUNDATION?
The 990 for the year ended June 30, 2025 names R Jason Caskey.
Who are the officers and directors of UNIVERSITY OF SOUTH CAROLINA EDUCATIONAL FOUNDATION?
The 990 for the year ended June 30, 2025 lists 30 people; 10 received compensation from the organization, the highest $593,041 (Michael Amiridis, University President).
How much revenue does UNIVERSITY OF SOUTH CAROLINA EDUCATIONAL FOUNDATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $85,063,683, expenses of $71,170,376 and total assets of $856,929,284 at year end.

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