Raising money for the Medical University of South Carolina will be more difficult this year with no president at the helm, an administrator told the MUSC Board of Trustees on Thursday.
“It’s going to be a tough time for us, but it won’t be for lack of effort,” Jim Fisher, vice president for development and alumni affairs, told board members during a committee meeting.
As an example, Fisher said that the Duke Endowment, which donates millions of dollars to MUSC every year, told university administrators that their trustees typically don’t entertain funding proposals during a period of leadership transition.
“I about fell out of my chair because that’s about a $5 million hit for us,” Fisher said. “They want to wait until the next president is on board to see what his or her vision is.”
Fisher said MUSC submitted proposals to the Duke Endowment through the Medical University Hospital Authority, instead of the university, while a permanent replacement for former MUSC President Ray Greenberg is sought. A decision on those proposals won’t be made by the endowment until later this year, he said.
MUSC raised $75.1 million in private donations from multiple sources during the 2013 fiscal year.
Greenberg left MUSC for a job within the University of Texas health care system last month.
MUSC Board of Trustees Chairman Tom Stephenson said the board will not name a new president until next spring.
The board is expected to award a $95,000 contract to Academic Search on Friday. It is an Alabama-based nonprofit executive search firm that will help the board find a new leader, Stephenson said.
Reach Lauren Sausser at 937-5598.
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