South Carolina · Nonprofit
University of South Carolina Development Foundation
University of South Carolina Development Foundation (South Carolina) receives grants from 4 organizations whose IRS filings report $363,573 to it, the largest being Spartanburg County Foundation ($173,573). 3 of them have funded it in more than one year.
- Revenue FY2025
- $22M
- Funders on record
- 4
- Grants received
- $364k
- Net assets
- $77M
What University of South Carolina Development Foundation does
Mission
To support the University of South Carolina in acquiring, developing, and managing real estate and other special assets to serve the needs of the University.
As stated on its FY2025 Form 990.
Program
The primary purposes of the foundation are to acquire real and personal property; and to hold, rent, sell, or transfer such property in accordance with the needs of the university of south Carolina.
$5,148,856 spent$2,651,580 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $5,148,856.
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 2023 to 2024, from $258M to $351M (+36%).
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.
51% of University of South Carolina Development Foundation’s revenue is contributions — more donation-reliant than the typical peer (23% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 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
R Jason Caskey
President & CEO
As listed on its FY2025 Form 990.
The chief executive listed changed between the FY2018 and FY2019 filings.
Who funds it, year by year
2017 → 2022: the base narrowed from 3 funders to 1 funder, grant income fell $50k → $10k.
1 of 4 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 48% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $12M from 4 payers (the payer shares this organization's board, largest University of South Carolina Educational Foundation). These are real filings, and they are not money University of South Carolina Development Foundation raised.
From the IRS filings of University of South Carolina 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
University of South Carolina Development Foundation leans on a few funders — its largest provides 48% of grant income and the top three 86%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
75% 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 University of South Carolina Development Foundation.
Largest funder’s share by year: 2017 60% · 2018 75% · 2019 100% · 2020 73% · 2021 100% · 2022 100% — growing more concentrated.
“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
53% of University of South Carolina 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. $174k 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
University of South Carolina Development Foundation runs a healthier operating margin than three-quarters of the 3,758 education nonprofits its size.
this organization peer median middle 50% of peers· 3,758 education nonprofits $10M–$100M, FY2025
Organizations like University of South Carolina 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
78% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Part of a family of 13 related entities
- Cdrc LLC · disregarded
- Williams at blossom llc · disregarded
- Addesso-DF LLC · disregarded
- The Inn At USC LLC · disregarded
- West Campus LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for University of South Carolina 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 University of South Carolina Development Foundation?
- University of South Carolina Development Foundation (South Carolina) receives grants from 4 organizations whose IRS filings report $363,573 to it, the largest being Spartanburg County Foundation ($173,573). 3 of them have funded it in more than one year.
- How many funders does University of South Carolina Development Foundation have?
- IRS filings report 4 organizations giving $363,573 in grants to University of South Carolina Development Foundation, 3 of which have funded it in more than one year.
- Who is the largest funder of University of South Carolina Development Foundation?
- Spartanburg County Foundation is the largest funder on record, with $173,573 in grants. The full list of funders is on this page.
- How can an organization like University of South Carolina 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.
Play a game about who funds University of South Carolina Development →
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 4 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