SC Launch Inc
Fuel South Carolina's innovation economy by accelerating technology-enabled growth in research, academia, entrepreneurship and industry.
SC Launch Inc at a glance
- Total assets
- $36,570,973
- -1.5% vs 2024
- Revenue (2025)
- $1,071,597
- -16.8% vs 2024
- Net investment income (2025)
- $1,071,597
- +3.2% vs 2024
- Expenses (2025)
- $1,079,936
- -48.2% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
How to apply to SC Launch Inc
Open Grants
3 open opportunities from SC Launch Inc
Industry Partnership Fund (IPF) - Tax Credit Program
SC Launch Inc
Amount
Varies
Deadline
Rolling (quarterly review)
SACT Grant (SCRA-Academic Collaboration Team Grant) - Track 1: Lab to Market
SC Launch Inc
Amount
Up to $860,000
Deadline
Deadline not published
SACT Grant (SCRA-Academic Collaboration Team Grant) - Track 2: Capacity Building
SC Launch Inc
Amount
Up to $640,000
Deadline
Deadline not published
Who SC Launch Inc funds
How this funder distributes its grants
Grant Size Distribution
24 grants across all recorded years
The most common grant size was in the $250–500K range: 14 grants of 24 (58%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How SC Launch Inc gives
- Giving fell 35% from 2020 to 2023. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2023, annual grant giving ranged from $1.6M (2022) to $3.1M (2020). In 2023 it made 8 grants totaling $2.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Tested HQ LLC Mauldin, SC | Investment | $300,000 |
| Carbon Cents Inc Walhalla, SC | Investment | $250,000 |
| Heron Farms Inc Charleston, SC | Investment | $250,000 |
| New Forge LLC Lake Wylie, SC | Investment | $250,000 |
| Ruffian Software Mauldin, SC | Investment | $250,000 |
| Scopestack Corp Greenville, SC | Investment | $250,000 |
| Virtue Technologies Chapin, SC | Investment | $250,000 |
| Mitochem Therapeutics Inc Charleston, SC | Investment | $200,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $36,570,973 | $1,071,597 | $1,079,936 | — | — | $1,071,597 |
| 2024 | $37,113,760 | $1,288,656 | $2,083,705 | — | — | $1,038,656 |
| 2023 | $13,860,401 | $3,205,150 | $2,112,235 | $2,000,000 | 8 | $2,705,150 |
| 2022 | $12,983,051 | $2,975,171 | $1,741,077 | $1,650,000 | 7 | $2,975,171 |
| 2021 | $12,299,474 | $3,762,401 | $2,102,598 | $1,982,495 | 9 | $1,862,401 |
| 2020 | $10,624,118 | $3,087,507 | $3,204,776 | $3,079,919 | 16 | $987,507 |
| 2019 | $10,398,418 | $2,314,245 | $2,384,409 | $2,274,999 | 13 | $514,245 |
About SC Launch Inc
Based on IRS filings
SC Launch Inc is a public charity focused on Community Improvement & Capacity Building, based in Columbia, SC. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $36.6M in total assets. Net investment income was $1.1M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
SC Launch Inc is led by Matthew Bell, Executive Director on every filing since 2022; none of the 12 officers listed in 2025 report compensation.
Officers on the 2025 filing
Matthew Bell
Executive Director
On filings since 2022
40 hrs/week
No compensation reported
Andrea Marshall
Chairman
Director → Vice Chair & Chairman, 2023
Vice Chair & Chairman → Chairman, 2024
On filings since 2019
1.5 hrs/week
No compensation reported
Stephen K. Wiggins
Director
On filings since 2019
1.5 hrs/week
No compensation reported
Juliana Iarossi
Director
On filings since 2020
1.5 hrs/week
No compensation reported
Patti Leahy
Director
On filings since 2020
1.5 hrs/week
No compensation reported
Clifford Holekamp
Director
On filings since 2021
1.5 hrs/week
No compensation reported
Jon-Michial Carter
Director
On filings since 2023
1.5 hrs/week
No compensation reported
Derek Pedersen
Director
On filings since 2024
1.5 hrs/week
No compensation reported
Karen R. Jenkins
Director
On filings since 2024
1.5 hrs/week
No compensation reported
Robert Crutchfield
Director
On filings since 2024
1.5 hrs/week
No compensation reported
Teresa Hinson
Secretary
On filings since 2020
5 hrs/week
No compensation reported
Laura Terry
Treasurer
On filings since 2023
5 hrs/week
No compensation reported
Former officers (14)
- Former: Patrick Springhart MD (2024) — Director
- Former: John E. Sircy (2019–2023) — Treasurer
- Former: Peter G. Dunphy (2019–2023) — Chairman
- Former: T. Stephen Thompson (2019–2023) — Director
- Former: Timothy E. Davis (2019–2023) — Director
- Former: W. Patrick Springhart (2019–2023) — Director
- Former: Bob Crutchfield (2023) — Director
- Former: Michael J Vang (2019–2022) — Director
- Former: Jill Sorensen (2019–2021) — Executive Director
- Former: Matt Bell (2021) — Executive Director
- Former: Steve Johnson Interim (2021) — Executive Director
- Former: John J Warner (2019) — Director
- Former: Natalie Rugierro (2019) — Director
- Former: Rosanna Pearson (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 SC Launch Inc
How large is SC Launch Inc?
SC Launch Inc reported $36.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.1M.
What is SC Launch Inc?
SC Launch Inc is a public charity focused on Community Improvement & Capacity Building, based in Columbia, SC. It holds $36.6M in total assets as of 2025.
Where does SC Launch Inc operate?
SC Launch Inc has awarded grants in South Carolina.
What is SC Launch Inc's EIN?
SC Launch Inc's EIN (Employer Identification Number) is 20-4692622. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS February 14, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS February 24, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS March 4, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS January 30, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS March 12, 2024)
Explore Open Grants
Browse active grant opportunities in SC Launch Inc's focus areas in our free grants database
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The foundation funds Christian ministries, churches, and quality-of-life organizations, with particular attention through its Community Trust Grants to Christian nonprofits in five South Carolina counties. Its 2024 grants had a median of $15,000, though awards varied widely; most grant dollars went to South Carolina, with additional funding in other states. Community Trust applicants must submit a Ministry Introduction Form and be invited to apply; the profile does not state whether other requests are unsolicited.
Assets
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Grants
285
Total Given
$11.6M
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SC Launch Inc down — hundreds of funders to go?