MUSC receives historic $50 million anonymous gift to transform health care, medical education in South Carolina
Charleston, SC, June 16, 2025 (GLOBE NEWSWIRE) -- The Medical University of South Carolina (MUSC) College of Medicine has received a landmark $50 million anonymous donation—the largest single gift in MUSC’s 200-year history. This transformational investment will accelerate MUSC’s mission to help people live longer, healthier lives and address South Carolina’s most pressing health challenges.
The unprecedented gift comes at a pivotal time, as South Carolina faces some of the nation’s most challenging health outcomes and a rapidly aging population. The funds will support the College of Medicine’s commitment to innovative medical education and enable expansion of opportunities to train more physicians at a time when our state is facing a significant shortage in health care providers. The donation will also enable MUSC to attract, train and retain the most gifted physicians, renowned faculty and researchers, positively impacting the lives of students, patients and families.
“For two centuries, MUSC has been an innovative health care leader in South Carolina. Yet, with growing chronic disease rates the need for bold action has never been greater. This extraordinary act of generosity will empower us to lean into the next century as we reimagine medical education, drive innovation and dramatically improve health outcomes for all South Carolinians,” said David J. Cole, M.D., FACS, president of MUSC.
“This gift is a testament to the power of partnership and the belief that together we can change the future of health in South Carolina,” said Terrence E. Steyer, M.D., dean of the College of Medicine and vice president for Medical Affairs. “It will allow us to provide a world-class learning environment for our students and faculty and fuel groundbreaking research and clinical programs that will benefit patients across the state and beyond.”
As part of this vision, a new home for the College of Medicine is currently under construction and will serve as a hub for collaboration, discovery and innovation, supporting the education of future physicians and the advancement of life-saving treatments.
“This is more than a gift—it’s an investment in the health and well-being of our entire state,” said MUSC Board of Trustees Chairman Charles W. Schulze. “We are deeply grateful for the vision and commitment of these donors, which will enable us to build a healthier future for South Carolina.”
MUSC is committed to honoring the donors, who wish to remain anonymous, while ensuring that their legacy will be felt by countless individuals and families for years to come.
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About MUSC
Founded in 1824 in Charleston, MUSC is the state’s only comprehensive academic health system, with a mission to preserve and optimize human life in South Carolina through education, research and patient care. Each year, MUSC educates over 3,100 students in six colleges and trains 950+ residents and fellows across its health system. MUSC leads the state in federal and National Institutes of Health and research funding. For information on our academic programs, visit musc.edu.
As the health care system of the Medical University of South Carolina, MUSC Health is dedicated to delivering the highest-quality and safest patient care while educating and training generations of outstanding health care providers and leaders to serve the people of South Carolina and beyond. In 2024, for the 10th consecutive year, U.S. News & World Report named MUSC Health University Medical Center in Charleston the No. 1 hospital in South Carolina. To learn more about clinical patient services, visit muschealth.org.
MUSC has a total enterprise annual operating budget of $7.1 billion. The 31,000 MUSC members include world-class faculty, physicians, specialty providers, scientists, contract employees, affiliates and care team members who deliver groundbreaking education, research and patient care.
Staci Gouveia The Medical University of South Carolina 854-202-0907 mediarelations@musc.edu
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