South Carolina Research Authority

COLUMBIA, SC EIN: 57-0736144 Website

FUEL SOUTH CAROLINA'S INNOVATION ECONOMY BY ACCELERATING TECHNOLOGY ENABLED GROWTH IN RESEARCH, ACADEMIA, ENTREPRENEURSHIP AND INDUSTRY.

Financial Overview

From 2023 IRS Form 990-PF

Total Assets

$101.5M

-3.2% YoY

Annual Giving

$3.5M

+27.0% YoY

Grant Count

47

-6.0% YoY

Avg Grant Size

$74K

+35.1% YoY

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$5M$10M$16M$21M2020202120222023
Metric202320222021
Total Assets$101,459,439$104,791,332$84,250,804
Revenue$16,234,461$17,524,075$18,851,513
Expenses$15,986,496$15,394,736$15,687,749
Qualifying Distributions
Net Investment Income$952,026$1,379,801$699,943
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$1M$2M$3M$4M57 grants202033 grants202150 grants202247 grants2023

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2023

Clemson University$693KSC Launch Inc$500KUniversity of South Caro…$484KClemson University Resea…$110KFrancis Marion University$96KIncora Health Inc$75KSecure Process Intellige…$75K3Key Digital Marketing LLC$50KAlgistor Inc$50KBaleen Solutions LLC$50K

Grant Size Distribution

187 grants across all recorded years

95<$50K80$50–100K2$100–250K3$250–500K5$500K–1M2$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does South Carolina Research Authority fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

ROBERT QUINNEXECUTIVE DIRECTOR$326KCOLE DUDLEYDIRECTOR SC INDUSTRY SOLUTIONS$214KMATTHEW BELLDIRECTOR SC LAUNCH$196KJOHN SIRCYDIRECTOR OF FINANCE & ADMIN$192KWILLIAM L MACILWINENSENIOR INVESTMENT MANAGER$187KJIM DOOLITTLEDIRECTOR, SC EPSCOR$182KRUSSELL COOKDIR. SC ACADEMIC INNOVATIONS$182KSTEVE JOHNSONSENIOR INVESTMENT MANAGER$180KDEREK WILLISSENIOR INVESTMENT MANAGER$168KRANDALL S CUTTSDIRECTOR SC FACILITIES$159K

From 2023 filing

NameTitleHoursCompensation
ROBERT QUINNEXECUTIVE DIRECTOR40$326,141
COLE DUDLEYDIRECTOR SC INDUSTRY SOLUTIONS40$214,080
JOHN SIRCYDIRECTOR OF FINANCE & ADMIN35$191,757
MATTHEW BELLDIRECTOR SC LAUNCH20$196,411
WILLIAM L MACILWINENSENIOR INVESTMENT MANAGER40$186,856
RUSSELL COOKDIR. SC ACADEMIC INNOVATIONS40$181,951
JIM DOOLITTLEDIRECTOR, SC EPSCOR40$182,451
STEVE JOHNSONSENIOR INVESTMENT MANAGER40$179,885
DEREK WILLISSENIOR INVESTMENT MANAGER40$168,092
RANDALL S CUTTSDIRECTOR SC FACILITIES40$159,443
DON HERRIOTTCHAIRMAN1.5
DR MICHAEL AMIRIDISTRUSTEE1.5
DR L FRED CARTERTRUSTEE1.5
DR JAMES P CLEMENTSTRUSTEE1.5
DR DAVID COLETRUSTEE1.5
ALEXANDER CONYERSTRUSTEE1.5
DR LINDA DISTLERATHTRUSTEE1.5
REP JASON ELLIOTTTRUSTEE1.5
SENATOR LARRY GROOMSTRUSTEE1.5
JO WATSON HACKLTRUSTEE1.5
LOU KENNEDYTRUSTEE1.5
LAURA TERRYDIRECTOR OF FINANCE & ADMIN35

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

3states

Cities

AikenAndersonAwendawBlythewoodCayceCentralChapinCharlestonCincinnatiClemsonClintonColumbiaDaniel IslandDuncanEasleyFlorenceFort MillFt SmithGreenvilleGreenwood

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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