Nonprofit · EIN 57-6026593
UNIVERSITY OF SOUTH CAROLINA DEVELOPMENT FOUNDATION
Tax-exempt · COLUMBIA, SC 29208
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $22,133,143 | $6,613,523 | $15,519,620 | $408,851,957 | $331,710,974 | $77,140,983 |
| June 30, 2024 | 990 | $9,750,275 | $14,192,142 | -$4,441,867 | $351,018,821 | $287,419,593 | $63,599,228 |
| June 30, 2023 | 990 | $7,043,492 | $6,189,303 | $854,189 | $258,285,748 | $198,932,778 | $59,352,970 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $11,226,628
- Program service revenue
- $0
- Investment income
- $3,146,300
- Net rental income
- $5,073,612
- Net gain from sales of assets
- $2,453,639
- Other revenue
- $7,760,215
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $270,000
- Other salaries and wages
- $106,636
- Salaries, compensation and benefits (total)
- $376,636
- Professional fundraising fees
- $0
- Legal fees
- $96,421
- Accounting fees
- $74,965
- Occupancy
- $147,987
- Travel
- $34,816
- Depreciation
- $937,649
- Program services (functional)
- $5,148,856
- Management and general (functional)
- $1,464,667
Balance sheet and other
- Total assets, start of year
- $351,018,821
- Total assets, end of year
- $408,851,957
- Total liabilities, end of year
- $331,710,974
- Net assets, end of year
- $77,140,983
- Land, buildings and equipment
- $340,561,135
- Publicly traded securities
- $31,723,906
- Net assets without donor restrictions
- $66,273,018
- Net assets with donor restrictions
- $10,867,965
- Gross unrelated business income
- $328,326
- Gross receipts
- $43,199,777
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1965
- 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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| R Jason Caskey | President & CEO Officer | 25 | $0 | $469,728 | $31,499 |
| KIMBERLY H ELLIOTT | TREASURER AND CFO Officer | 10 | $0 | $298,710 | $16,916 |
| Susan B Smith | CHIEF OPERATING OFFICER Key employee | 10 | $0 | $196,243 | $73,965 |
| S Alan Medlin | DIRECTOR Trustee or director | 3 | $0 | $241,744 | $0 |
| Jennifer S Muir | DIRECTOR OF INVESTMENTS Highest-paid employee | 1 | $0 | $162,364 | $63,238 |
| R HUNTER LAMBERT | AVP. DIR OF REAL ESTATE Officer | 25 | $0 | $149,771 | $35,825 |
| Jean F Pinckney | DIRECTOR OF ACCOUNTING Highest-paid employee | 39 | $0 | $148,304 | $15,244 |
| Sandy Hightower | Secretary (End May 2025) Trustee or director, Officer | 10 | $0 | $74,817 | $35,962 |
| Tom H Regan | Director Trustee or director | 0.5 | $0 | $107,413 | $0 |
| David C Tuttle | Vice Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| James W Cantey | CHAIR EMERTUS Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Lee S Dixon | Chair Trustee or director, Officer | 2 | $0 | $0 | $0 |
| A Stanley Harpe | Director Trustee or director | 5 | $0 | $0 | $0 |
| Dan C Adams | Director Trustee or director | 1 | $0 | $0 | $0 |
| David M Lambert | Director Trustee or director | 1 | $0 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Deepal S Eliatamby | Director Trustee or director | 1 | $0 |
| Elizabeth M Crum | Director Trustee or director | 1 | $0 |
| F Page Morris | Director Trustee or director | 1 | $0 |
| James A Bennett | Director Trustee or director | 2 | $0 |
| Jim O Stuckey | Director Trustee or director | 1 | $0 |
| Mark W Buyck | Director Trustee or director | 1 | $0 |
| Raven Gambrell | Director Trustee or director | 1 | $0 |
| Susan M Douglas | Director Trustee or director | 3 | $0 |
| Swati S Patel | Director Trustee or director | 0.3 | $0 |
| Thomas E Suggs | Director Trustee or director | 1 | $0 |
| William C Hammett Jr | Director Trustee or director | 4 | $0 |
990 for the year ended June 30, 2024: 27 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| R Jason Caskey | President and CEO Officer | 25 | $0 | $451,421 | $27,368 |
| Kimberly H Elliott | Treasurer and CFO Officer | 10 | $0 | $287,250 | $13,288 |
| Susan B Smith | Chief Operating Officer Key employee | 10 | $0 | $196,193 | $71,491 |
| S Alan Medlin | Director Trustee or director | 3 | $0 | $236,425 | $0 |
| Jennifer S Muir | Director of Investments Highest-paid employee | 1 | $0 | $157,207 | $56,914 |
| R Hunter Lambert | Assistant Vice President, Director of Real Estate Officer | 25 | $0 | $132,795 | $23,936 |
| Jean F Pinckney | Director of Accounting Highest-paid employee | 39 | $0 | $139,846 | $12,433 |
| Dr Tom H Regan | Director Trustee or director | 0.5 | $0 | $128,395 | $0 |
| Sandy Hightower | Secretary Officer | 10 | $0 | $36,592 | $13,954 |
| Lindsey E Fisher | Secretary Officer | 10 | $0 | $29,691 | $14,242 |
| James W Cantey | Chair Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Lee S Dixon | Vice Chair Trustee or director, Officer | 2 | $0 | $0 | $0 |
| M Elizabeth Crum | Chair Emeritus Trustee or director, Officer | 1.5 | $0 | $0 | $0 |
| A Stanley Harpe III | Director Trustee or director | 5 | $0 | $0 | $0 |
| C Dan Adams | Director Trustee or director | 1 | $0 | $0 | $0 |
| C David Tuttle | Director Trustee or director | 1 | $0 | $0 | $0 |
| David M Lambert | Director Trustee or director | 1 | $0 | $0 | $0 |
| Deepal S Eliatamby | Director Trustee or director | 1 | $0 | $0 | $0 |
| Dr Susie H VanHuss | Director Trustee or director | 1 | $0 | $0 | $0 |
| F Page Morris | Director Trustee or director | 1 | $0 | $0 | $0 |
| Herbert C Adams | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Jim O Stuckey II | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mark W Buyck Jr | Director Trustee or director | 1.5 | $0 | $0 | $0 |
| Susan M Douglas | Director Trustee or director | 3 | $0 | $0 | $0 |
| Swati S Patel | Director Trustee or director | 0.3 | $0 | $0 | $0 |
| Thomas E Suggs | Director Trustee or director | 2 | $0 | $0 | $0 |
| William C Hammett Jr | Director Trustee or director | 4 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 27 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| R JASON CASKEY | PRESIDENT AND CEO Officer | 25 | $0 | $404,230 | $26,705 |
| KIMBERLY H ELLIOTT | TREASURER AND CFO Officer | 10 | $0 | $276,000 | $11,407 |
| SUSAN B SMITH | CHIEF OPERATING OFFICER Key employee | 10 | $0 | $199,243 | $68,195 |
| S ALAN MEDLIN | DIRECTOR Trustee or director | 2 | $0 | $225,167 | $0 |
| JENNIFER S MUIR | DIRECTOR OF INVESTMENTS Highest-paid employee | 1 | $0 | $159,564 | $51,520 |
| JEAN F PINCKNEY | DIRECTOR OF ACCOUNTING Highest-paid employee | 39 | $0 | $134,804 | $11,554 |
| R HUNTER LAMBERT | ASSISTANT VICE PRESIDENT Officer | 25 | $0 | $116,230 | $16,531 |
| DR TOM H REGAN | DIRECTOR Trustee or director | 1 | $0 | $122,281 | $0 |
| LINDSEY E FISHER | SECRETARY Officer | 10 | $0 | $72,743 | $27,572 |
| JAMES W CANTEY | CHAIR Trustee or director, Officer | 1.5 | $0 | $0 | $0 |
| M ELIZABETH CRUM | CHAIR EMERITUS Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LEE S DIXON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| C DAN ADAMS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HERBERT C ADAMS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARK W BUYCK JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SUSAN M DOUGLAS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DEEPAL S ELIATAMBY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| D BENJAMIN GRAVES | DIRECTOR (DECEASED FEB 2024) Trustee or director | 1 | $0 | $0 | $0 |
| WILLIAM C HAMMETT JR | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| A STANLEY HARPE III | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID M LAMBERT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| F PAGE MORRIS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| SWATI S PATEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JIM O STUCKEY II | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| THOMAS E SUGGS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| C DAVID TUTTLE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SUSIE H VANHUSS | DIRECTOR Trustee or director | 2.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1027 BARNWELL ST, COLUMBIA, SC 29208-4017
- 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
- Website
- USCFOUNDATIONS.COM
- Return prepared by
- Forvis Mazars LLP
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.
Program accomplishments
- 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 $5,148,856 · revenue $2,651,580
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 57-6026593
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1966
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $408,851,957
- Income (IRS master file)
- $43,199,777
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $22,133,143 | $6,613,523 | $408,851,957 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $9,750,275 | $14,192,142 | $351,018,821 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $7,043,492 | $6,189,303 | $258,285,748 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $12,812,740 | $4,985,202 | $223,211,043 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 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 57-6026593).
Questions about UNIVERSITY OF SOUTH CAROLINA DEVELOPMENT FOUNDATION
- What is the EIN of UNIVERSITY OF SOUTH CAROLINA DEVELOPMENT FOUNDATION?
- The employer identification number (EIN) of UNIVERSITY OF SOUTH CAROLINA DEVELOPMENT FOUNDATION is 57-6026593.
- Is UNIVERSITY OF SOUTH CAROLINA DEVELOPMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1966.
- Are donations to UNIVERSITY OF SOUTH CAROLINA DEVELOPMENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does UNIVERSITY OF SOUTH CAROLINA DEVELOPMENT 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 DEVELOPMENT 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 DEVELOPMENT 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 DEVELOPMENT 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 DEVELOPMENT FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 26 people; 0 received compensation from the organization.
- How much revenue does UNIVERSITY OF SOUTH CAROLINA DEVELOPMENT FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $22,133,143, expenses of $6,613,523 and total assets of $408,851,957 at year end.
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