Francis Marion University Development Foundation

Public charity · Grantmaker Florence, SC EIN: 20-0118161

The foundation is organized and operated exclusively for the benefit of francis marion university, specifically in management of student housing, other real property, and acceptance of gifts and other support as agreed upon by the foundation's board of directors and the university.

Key facts about Francis Marion University Development Foundation

In short: Francis Marion University Development Foundation gave $2.4M across 2 grants in 2025 (avg $1.2M), mostly in South Carolina. Source: 2025 IRS Form 990.

EIN
20-0118161
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$2,393,958
Grants made (2025)
2
Average grant
$1,196,979
Median grant
$1,196,979
Total assets
$27,097,598
Primary geography
South Carolina (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$27.1M

-2.6% YoY

Annual Giving

$2.4M

+117.9% YoY

Grant Count

2

+0.0% YoY

Avg Grant Size

$1.2M

+117.9% YoY

How Francis Marion University Development Foundation gives

  • Giving grew 310% from 2022 to 2025. Method

From the foundation's IRS Form 990 filings. Methodology.

About Francis Marion University Development Foundation

Based on IRS filings

Francis Marion University Development Foundation is a public charity focused on Education, based in Florence, SC. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $27.1M in total assets. In 2025, it awarded 2 grants totaling $2.4M. Net investment income was $422K.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 2 itemized grants.

Cities

Florence

Giving Over Time

Total grant dollars and number of grants per year

$0$1M$2M$3M2 grants2019 2 grants2020 2 grants2021 2 grants2022 2 grants2023 2 grants2024 2 grants2025

From 2019 to 2025, annual grant giving ranged from $504K (2021) to $2.4M (2025). In 2025 it made 2 grants totaling $2.4M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

Francis Marion University: $2.2MFrancis Marion University$2.2MFMU Education Foundation: $201KFMU Education Foundation$201K

The largest 2025 recipient was Francis Marion University ($2.2M). Together the top 2 received $2.4M.

Grant Size Distribution

10 grants across all recorded years

<$50K$50–100K5$100–250K2$250–500K2$500K–1M1$1–5M$5M+

The most common grant size was in the $100–250K range: 5 grants of 10 (50%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Francis Marion University Florence, SCUniversity Support$2,192,683
FMU Education Foundation Florence, SCUniversity Support$201,275

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$2.5M$5M$7.5M$10M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$27,097,598$27,833,235$27,620,215
Revenue$7,752,335$7,096,786$6,730,208
Expenses$7,497,554$5,917,163$5,710,871
Net Investment Income$422,051$414,723$85,499

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990 for fiscal year 2019 (received by the IRS July 9, 2020)
  2. Updated Form 990 for fiscal year 2020 (received by the IRS April 28, 2021)
  3. Updated Form 990 for fiscal year 2021 (received by the IRS February 4, 2022)
  4. Updated Form 990 for fiscal year 2022 (received by the IRS May 15, 2023)
  5. Updated Form 990 for fiscal year 2023 (received by the IRS May 14, 2024)
  6. Updated Form 990 for fiscal year 2024 (received by the IRS April 7, 2025)
  7. Updated Form 990 for fiscal year 2025 (received by the IRS January 21, 2026)
  8. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Officers and directors from IRS filings

Francis Marion University Development Foundation is led by Haieasha Singletary, Executive Director since 2025 (on filings since 2022); none of the 6 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Haieasha Singletary

    Executive Director

    Executive Di → Executive Director, 2025

    On filings since 2022

    12 hrs/week

    No compensation reported

  • Perry Grice

    Board Member

    Chairman → Board Member, 2024

    On filings since 2019

    0.1 hrs/week

    No compensation reported

  • Darryl Bridges

    Treasurer-Vice President for Finance & Facilities

    Treasurer → Board Member, 2021

    Board Member → Treasurer-Vice President for Finance & Facilities, 2025

    On filings since 2020

    0.1 hrs/week

    No compensation reported

  • Ken Jackson

    Vice Chairman

    Board Member → Vice Chairman, 2025

    On filings since 2022

    0.1 hrs/week

    No compensation reported

  • Carl Humphries

    Board Member

    On filings since 2024

    0.1 hrs/week

    No compensation reported

  • Joyce Durant

    Board Member

    On filings since 2024

    0.1 hrs/week

    No compensation reported

Former officers (9)
  • Former: James Harrell (2019–2023) — Board Member
  • Former: Jay Kispert (2021–2023) — Chairman
  • Former: Paul Seward (2022–2023) — Board Member
  • Former: Erika Cook (2019–2022) — Executive Di
  • Former: Floyd Keels (2019–2021) — Board Member
  • Former: Cathy Frederick (2021) — Board Member
  • Former: Cathy Lee (2020) — Secretary
  • Former: John Kispert (2019) — Treasurer
  • Former: Lauren Stanton (2019) — Secretary

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Francis Marion University Development Foundation

How much does Francis Marion University Development Foundation give each year?

Francis Marion University Development Foundation gave $2.4M across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $1.1M across 2 grants.

How large is Francis Marion University Development Foundation?

Francis Marion University Development Foundation reported $27.1M in total assets on its 2025 IRS Form 990. Its revenue that year was $7.8M.

What is Francis Marion University Development Foundation?

Francis Marion University Development Foundation is a public charity focused on Education, based in Florence, SC. It holds $27.1M in total assets as of 2025.

Where does Francis Marion University Development Foundation operate?

Francis Marion University Development Foundation has awarded grants in South Carolina.

What is Francis Marion University Development Foundation's EIN?

Francis Marion University Development Foundation's EIN (Employer Identification Number) is 20-0118161. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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