Published Sept. 19, 2013
The Medical University of South Carolina received $75.1 million in philanthropic gifts and pledges during fiscal 2013.
The donations will fund scholarships, endowed chairs, facility enhancements and a variety of research, academic and patient-care programs.
Most of the year’s contributions, $39.2 million, came from individuals, followed by organizations ($15.6 million), foundations ($11 million) and corporations ($9.3 million).
Of the amount that was donated by individuals, $21.9 million was given by people who did not graduate from one of the university’s six colleges.
Corporate giving nearly doubled during the year, as did giving by alumni, which stood at $14.8 million. And students currently enrolled at MUSC donated nearly $68,000, which is eight times more than in 2012.
Also during the year, the MUSC Foundation’s investment portfolio achieved an 11.1% return, bringing the foundation’s total assets to more than $458 million.
MUSC’s interim president, Dr. Mark Sothmann, said the year’s philanthropic support will help the university sustain and build upon the progress and momentum established by former President Ray Greenberg, who left MUSC in August to serve as executive vice chancellor for health affairs at the University of Texas System.
“We are tremendously grateful for this level of support. In many ways, we see it as an endorsement of Ray’s leadership and the institution that he helped build over the past 14 years,” Sothmann said in a news release. “With the team we have in place and the community’s continued generosity, I’m confident that the Medical University’s best days are yet to come.”