South Carolina Research Foundation
the south carolina research foundation operates for the benefit of, or to carry out the purposes of, the university of south carolina. These activities include but are not limited to promoting, encouraging, and aiding scientific research and investigation.
South Carolina Research Foundation at a glance
- Total assets
- $2,372,326
- -17.4% vs 2024
- Revenue (2025)
- $5,271,618
- -10.0% vs 2024
- Expenses (2025)
- $5,122,804
- -11.5% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who South Carolina Research Foundation funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $50–100K range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How South Carolina Research Foundation gives
- Giving fell 34% from 2019 to 2022. 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 2022, annual grant giving ranged from $98K (2022) to $150K (2019). In 2022 it made 1 grant totaling $98K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of South Carolina Columbia, SC | Scholarly Research | $98,330 |
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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 | $2,372,326 | $5,271,618 | $5,122,804 | — | — | — |
| 2024 | $2,871,569 | $5,859,527 | $5,788,391 | — | — | — |
| 2023 | $3,090,852 | $5,776,984 | $5,721,027 | — | — | — |
| 2022 | $3,435,168 | $5,813,160 | $5,737,321 | $98,330 | 1 | — |
| 2021 | $47,441,220 | $143,401,410 | $143,456,860 | — | — | $51,122 |
| 2020 | $14,485,016 | $168,376,547 | $168,613,136 | — | — | $334,000 |
| 2019 | $43,018,264 | $244,579,425 | $244,218,323 | $150,000 | 3 | $1,221,513 |
About South Carolina Research Foundation
Based on IRS filings
South Carolina Research Foundation is a public charity, based in Columbia, SC. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.4M in total assets.
Leadership & Key People
Officers and directors from IRS filings
South Carolina Research Foundation is led by Kester S. Freeman, Board Chair & Executive Director since 2024 (on filings since 2019); 1 of 12 officers listed in 2025 is compensated.
Officers on the 2025 filing
Kester S. Freeman
Board Chair & Executive Director
Chair & Executive Director → Board Chair & Executive Director, 2024
On filings since 2019
1 hr/week
$24K (2019) → $24K (2025)
Jason Caskey
Education Foundation President & Nonvoting Scrf
Executive Officio → Education Foundation President, 2024
Education Foundation President → Education Foundation President & Nonvoting Scrf, 2025
On filings since 2019
1 hr/week
No compensation reported
Michael Amiridis
Usc President & Executive Officio
Usc President & Nonvoting Scrf → Usc President & Executive Officio, 2025
On filings since 2024
1 hr/week
No compensation reported
Dick Jones
Usc Board of Trustee Member
Director → Usc Board of Trustee Member, 2024
On filings since 2022
1 hr/week
No compensation reported
David Black
Board Member
Director → Board Member, 2025
On filings since 2019
1 hr/week
No compensation reported
Kelly Epting
CFO
CFO → Chief Financial Officer, 2022
Chief Financial Officer → CFO, 2024
On filings since 2019
5.6 hrs/week
No compensation reported
Bhavna Vasudeva
Board Member
Director → Board Member, 2025
On filings since 2022
1 hr/week
No compensation reported
Julius Fridriksson
Usc Vice President for Research
Executive Officio → Usc Vice President for Research & Nonvoting Scrf, 2024
Usc Vice President for Research & Nonvoting Scrf → Usc Vice President for Research, 2025
On filings since 2022
1 hr/week
No compensation reported
Stephen Cutler
Usc Dean & College of Pharmacy
On filings since 2024
1 hr/week
No compensation reported
Alain Litman
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Ashley Teasdale
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Brent Powers
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (27)
- Former: Bob Quinn (2019–2024) — Director
- Former: Brenda Thames (2019–2024) — Director
- Former: William Kirkland (2024) — Executive Director
- Former: Amiridis Michael (2023) — Usc President & -
- Former: Black David (2023) — Director
- Former: Caskey Jason (2023) — Education Foundation President
- Former: Cutler Stephen (2023) — Usc Dean & College of Pharmacy
- Former: Epting Kelly (2023) — CFO
- Former: Freeman Kester (2023) — Board Chair
- Former: Fridriksson Julius (2023) — Usc Vice President for Research
- Former: Hardaway Chad (2023) — Deputy Director
- Former: Jones Dick (2023) — Usc Board of Trustee Member
- Former: Kirkland William (2023) — Executive Director
- Former: Pastides Harris (2023) — Usc President & -
- Former: Quinn Bob (2023) — Director
- Former: Thames Brenda (2023) — Director
- Former: Vasudeva Bhavna (2023) — Director
- Former: Kenneth Deans Jr. (2019–2022) — Director
- Former: Bill Kirkland (2022) — Director
- Former: Fred Delk (2019–2021) — Director
- Former: Prakash Nagarkatti (2019–2021) — Executive Officio
- Former: Thad Westbrook (2019–2021) — Director
- Former: Robert Caslen Jr. (2020–2021) — Executive Officio
- Former: William Tate (2021) — Executive Officio
- Former: Harris Pastides (2019–2020) — Executive Officio
- Former: Tayloe Harding (2020) — Executive Officio
- Former: Joan Gabel (2019) — Executive Officio
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $24K, to Kester Freeman (Board Chair, Exec Director).
Frequently asked questions about South Carolina Research Foundation
How large is South Carolina Research Foundation?
South Carolina Research Foundation reported $2.4M in total assets on its 2025 IRS Form 990. Its revenue that year was $5.3M.
Where does South Carolina Research Foundation operate?
South Carolina Research Foundation has awarded grants in North Carolina, South Carolina.
What is South Carolina Research Foundation's EIN?
South Carolina Research Foundation's EIN (Employer Identification Number) is 57-0967350. 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
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS April 12, 2023)
- Added Form 990 for fiscal year 2019 (received by the IRS May 6, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS May 8, 2026)
- IRS filings on file for fiscal years 2020–2024
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Browse active grant opportunities in South Carolina Research Foundation's focus areas in our free grants database
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