About the Foundation:
Located at 230 South Main Street in Mullins, South Carolina, the foundation was established in 2010 from the proceeds acquired when the Marion County Medical Center was sold. Governed by the Board of Directors, the foundation manages and invests the charitable funds and uses the interest to aid, support and improve the quality of life in Marion County via grants and scholarships to deserving individuals and organizations. Our staff manages the day to day operations of the foundation that serves Marion County, South Carolina.
All funds are used exclusively for charitable purposes to provide grants to nonprofits or institutions for educational assistance. Most funds are permanent endowments that grow over time and provide a portion to be used for grants and scholarships each year. Funds share modest administrative expenses on a pro rata basis. Assets are invested in our master portfolio unless a donor specifies otherwise.
Financial institutions and investment firms are used for long-term performance to invest our assets. Our board sets investment policies and monitors performance with help from our investment committee and investment advisor. An independent accounting firm audits our accounts annually. We will post investment performance on our website and publish results in our annual report.
We are a catalyst that links community leaders and organizations to tackle key issues. We award grants to nonprofit organizations in our region and work with educational institutions to determine scholarship and educational needs in the community.