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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Medical Research MUSC Foundation for Research Development

MUSC Foundation for Research Development

Fiscal year ending 2024. Filed on November 14, 2024.

135 Cannon Street Msc 828 No 101l
Charleston, South Carolina 29425

MUSC Foundation for Research Development (EIN: 57-1031624), also known as Zucker Institute for Innovation Commercialization, has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, MUSC Foundation for Research Development, a 501(c)(3) charitable organization, reported compensation for 6 out of 9 total employees. Among the employees shown here, the average compensation is $205,146. The highest compensated employee at MUSC Foundation for Research Development is Todd Headley with fiscal year 2024 compensation of $291,333.

Revenue, expenses, and employee compensation

Revenue

$5,103,130

Expenses

$4,489,978

Employee compensation

$1,869,424
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Todd Headley
President and Chief Executive Officer
$291,333
$276,435 No related comp$14,898
Lori McMahon Wakefield
Trustee (Part-Year)
$236,869
$0 $224,560 $12,309
Joe Ruscito
Vice President of Medical Technologly
$210,131
$195,694 No related comp$14,437
Rita Charboneau
General Counsel
$184,515
$148,518 No related comp$35,997
Joe Fiore
Vice President
$172,463
$160,055 No related comp$12,408
Pamela Kaufman
Senior Director of IP
$135,563
$101,970 No related comp$33,593

Benchmark Employee Compensation

Non-Employee Board Members

Ramin Eskandari, Ms, M.D.
Trustee
$44,632
$0 $26,284 $18,348
Terri Barnes
Trustee
No compensation reported
Lisa Drakeman, Ph.D.
Trustee
No compensation reported
James Chappell
Trustee
No compensation reported
Mark Crowell
Trustee
No compensation reported
Jesse Goodwin, Ph.D.
Trustee
No compensation reported
Anand Mehta Dphil
Trustee
No compensation reported
William Himmelsbach
Trustee
No compensation reported
Matt Gevaert, Ph.D.
Trustee
No compensation reported

Contractors

Riverside Law LLP
Legal Fees
$382,863
Parker Highlander Pllc
Legal Fees
$103,385

Mission Statement

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.

Revisions to this organization profile

November 14, 2025:
2025 MUSC Foundation for Research Development 990 filed
November 14, 2024:
2024 MUSC Foundation for Research Development 990 filed
May 13, 2024:
2023 MUSC Foundation for Research Development 990 filed

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