The mission and purpose of the Foundation is “to promote the public welfare through the development of quality pharmaceutical services; to encourage, provide for, and engage in scientific research, professional study, and the advancement to the science of pharmacy; to improve the availability of professional pharmaceutical services to the public.”
We invite you to join our efforts in advancing and supporting the goals of the South Carolina Pharmacy Foundation. Every gift, no matter what amount, will be an important part of the Foundation’s fund drive and will contribute to fulfilling our mission.
Board of Trustees
The Board of Trustees continues it’s efforts to move the Foundation forward into the future by working to achieve their goals.
- To communicate to the general public the value of pharmacist.
- To publicize the value of pharmacists in today’s health care system.
- To educate the general public on the scope of pharmacists’ services through press releases, seminars, radio or other media.
- To promote leadership development for pharmacists.
- To preserve the history of the profession in SC.
- When was the SC Pharmacy Foundation established?
In 1992, the South Carolina Pharmacy Association established the South Carolina Pharmacy Foundation as a 501(c)(3) tax-exempt corporation. The eventual goal of the Foundation is to utilize the interest and investment funds to support special pharmacy projects throughout the state.
- What levels of giving are available?
The Foundation accepts all levels of giving – from $1 to amounts much greater. Giving to the Foundation provides the opportunity to advance pharmacy in South Carolina in many ways which are beyond the scope of an association such as the South Carolina Pharmacy Association.
- How do I contribute to the Foundation?
Q: How do I contribute to the Foundation?
A: Anyone can contribute to the Foundation in an effort to advance the practice of pharmacy. Monetary gifts can be mailed to the South Carolina Pharmacy Foundation c/o SCPhA, 1350 Browning Rd., Columbia, SC 29210. Please make all checks payable to the SC Pharmacy Foundation.
- Can contributions be other than money?
Yes. The Foundation is able to accept non-monetary assets as gifts. These types of gifts include individual stocks, bonds, property, life insurance etc. The Foundation will normally sell the gift and retain the funds to advance the purpose of the Foundation. The individual donating the gift is able to take a tax-deductible deduction on their income tax. We do recommend that you speak with your tax advisor for more information. Gifts other than money should be coordinated with the Foundation. To obtain more information on giving to the Foundation, contact SCPhA at 803.354.9977.
- Why would an individual contribute something other than money?
In some situations, the contributor to the Foundation will not incur the capital gains. Under the current IRS rules and regulations, individuals who sell an asset (such as stocks or property) are required to pay capital gains tax on the increased value of the asset. In some situations, depending on the amount of time the asset has been owned, the capital gains tax can be significant. A fully tax deductible contribution to the Foundation allows the individual to take full credit for the gift without incurring the capital gains. Thus, the contributor maximizes his or her contribution and the Foundation is able to take advantage of the full contribution. We do recommend that you speak with your tax advisor for more information.