South Carolina · Nonprofit
FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION
FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION (South Carolina) receives grants from 3 organizations whose IRS filings report $1,937,120 to it, the largest being DARLA MOORE AND RICHARD RAINWATER FOUNDATION ($1,183,100). 2 of them have funded it in more than one year.
- Revenue FY2025
- $7.8M
- Funders on record
- 3
- Grants received
- $1.9M
- Net assets
- $13M
What Francis Marion University Development Foundation does
Mission
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.
As stated on its FY2025 Form 990.
Programs
The foundation, as part of its mission to support the university, is required to operate, maintain, and lease housing facilities for students and faculty. The pr0gram service is carried out through the foundation's single member fmu student housing, llc. All revenue generated by the llc from housing services are managed and held by the foundation. Housing services are provided primarily during the fall and spring semesters with minor revenues being received for summer semesters, fees and fines and summer camp housing for fmu summer programs.
$4,999,333 spent$7,270,841 earned by the program68% of program spendingThe foundation is a program supported agency and acts in accordance with its nonprofit status to provide support to francis marion university. All donations in kind or in cash are reported by the supported organization as gifts from the development foundation. The development foundation provides donations to the education foundation, which is a related party to francis marion university.
$2,393,958 spentof which $2,393,958 as grants32% of program spending
The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $7,393,291.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $26M to $27M (+4%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
0% of FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION’s revenue is contributions — more earned-revenue than three-quarters of its peers (48% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Haieasha Singletary
Executive director
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base held at 1 funder, grant income fell $648k → $163k.
1 of 3 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 0% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION leans on a few funders — its largest provides 61% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
39% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION.
Largest funder’s share by year: 2017 100% · 2018 100% · 2020 100% · 2023 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION's grant income comes from South Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $4k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION holds deeper cash reserves than three-quarters of the 9,398 education nonprofits its size.
this organization peer median middle 50% of peers· 9,398 education nonprofits $1M–$10M, FY2025
Organizations like FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In South Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
99% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Part of a family of 2 related entities
- Fmu Student Housing LLC · disregarded
- Francis Marion University · exempt
Screen this organization
A dated, signed PDF of the compliance screen for FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION?
- FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION (South Carolina) receives grants from 3 organizations whose IRS filings report $1,937,120 to it, the largest being DARLA MOORE AND RICHARD RAINWATER FOUNDATION ($1,183,100). 2 of them have funded it in more than one year.
- How many funders does FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION have?
- IRS filings report 3 organizations giving $1,937,120 in grants to FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION, 2 of which have funded it in more than one year.
- Who is the largest funder of FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION?
- DARLA MOORE AND RICHARD RAINWATER FOUNDATION is the largest funder on record, with $1,183,100 in grants. The full list of funders is on this page.
- How can an organization like FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in South Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing