SCRA Industry Partnership Fund

SCRA TAX CREDIT PROGRAM

Take Charge of your SC Tax Dollars

SCRA Tax Credit Program | 1

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SCRA’s Impact

$717M

ECONOMIC IMPACT

SCRA’s impact on the South Carolina innovation economy in FY25.

3.7K SC JOBS

SCRA supported 3,772 Souh Carolina-based jobs in FY25.

$91.9K SALARY The $91,959 average salary of SCRA Companies is 51% higher than the state average of $61,011

$3B CAPITAL

SCRA companies have received a total of $3B in follow-on funding since the inception of SC Launch Inc.

$4.7M GRANTS AND INVESTMENTS

SCRA and SC Launch Inc. awarded $4.7M in funds to companies/institutions in FY25.

2 | SCRA Annual Report 2025

About SCRA The South Carolina Research Authority (SCRA) is a public, nonprofit organization created by the state of South Carolina to support innovation, research, and economic growth.

SCRA’s mission is to fuel South Carolina’s innovation economy by accelerating technology-driven growth SCRA does this by: n Supporting startups with targeted funding, coaching, and resources n Pre-seed investment via SC Launch, Inc., the investment affiliate of SCRA n Connecting businesses with universities and industry partners n Helping move research and new technologies into the market n Providing lab, office, and innovation spaces

SCRA’s Tax Credit Program Choose Where Your Tax Dollars Go! Through South Carolina Research Authority’s tax credit program, you can redirect your state tax dollars to help bring groundbreaking — even lifesaving innovations to market.

That means your tax dollars can do more than pay bills.

They can power South Carolina’s innovation economy.

The Industry Partnership Fund (IPF), SCRA’s tax credit program, was established to enable SCRA and its investment affiliate SC Launch Inc., to provide coaching, grants, investments, and other types of support for technology startups and for academic research and development.

Contents 2 About SCRA 3 SCRA’s Tax Credit Program 4 Benefits and incentives 5 How to contibute and the Federal tax Deduction 6 Contributors 8 SCRA’s team and contact information

Contributions made by individuals and organizations provide a dollar-for-dollar tax credit.Business owners could also be entitled to a federal tax deduction. See page 5 to learn more.

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Tax Credit Program Benefits Benefits Beyond the SC Tax Credit n Making a real difference in the quality of life for South Carolinians and beyond!

n Invitations to SCRA-hosted events throughout the year

n Cash-flow savings

n Numerous other benefits

n Recognition on the SCRA website, annual report and other venues as an innovation economy leader

CONTRIBUTION LEVELS & BENEFITS

Visionary

Diamond

Platinum

Gold

Silver

Bronze

Supporter

$500,000+

$200,000499,999

$199,999150,000

$149,000100,000

$99,99950,000

$49,99910,000

$19,999

Named Grant*

P

P

Custom made keepsake for contribution

P

P

Press release regarding contribution

P

P

P

Speaking opportunity at events

P

P

P

Branding in e-news and other marketing emails

P

P

P

P

Invitation to SCRA Networking Events

P

P

P

P

P

Feature posts on social media channels

P

P

P

P

P

Company logo in Annual Report

P

P

P

P

P

Company name in Annual Report

P

P

P

P

P

P

Recognition on SCRA Website

P

P

P

P

P

P

4 | SCRA Tax Credit Program

P

*Named Grant: A contribution of $200,000 or more provides the contributor an opportunity to attach its name to a funded grant.

Redirecting Your Taxes n Make your contribution online at GiveBackToSC.org or write a check payable to “IPF” and mail it to SCRA, 1000 Catawba St, Suite 100, Columbia SC 29201 n Complete a TC36 (SCRA Industry Partnership Fund tax return form) and a SC1040TC (tax credit schedule) form. n Submit the TC36 and SC1040TC forms when filing your taxes.

Federal Tax Deduction Businesses and individuals who file a Schedule C may be eligible for a federal tax deduction when contributing to SCRA’s Industry Partnership Fund (IPF).

In addition to receiving a dollar-for-dollar South Carolina state tax credit, certain business entities may be able to treat their IPF contribution as an ordinary and necessary business expense for federal income tax purposes, depending on their tax structure and specific circumstances. For pass-through entities such as LLCs, partnerships, and S corporations, the state tax credit can pass through to the owners while the contribution may provide a federal tax benefit at the entity level, potentially reducing federal taxable income.

Sole proprietors and Schedule C filers should consult their tax advisor to determine eligibility and the proper treatment of an IPF contribution under current federal tax law. Because tax situations vary, SCRA encourages contributors to seek guidance from a qualified tax professional regarding the potential federal deduction and overall tax impact of participating in the IPF.

As a practicing lawyer in South Carolina, I support SCRA’s Tax Credit Program because investing in innovation is one way to advocate for a stronger, better future for South Carolina.

Jamie Khan McCullough Khan, LLC SCRA Tax Credit Program | 5

Tax Credit Program Contributors SCRA thanks the organizations and individuals below for redirecting their taxes at the following levels:

Visionary-Level Contributors $500,000+ IAG Capital Partners

Diamond-Level Contributors $200,000 to $499,999 Easley Periodontics

Jolin Enterprises

Platinum-Level Contributors

Gold-Level Contributors

$150,000 to $199,999

$100,000 to $149,000 CS Exteriors

Slaughter Consulting

Silver-Level Contributors $50,000 to $99,000 All Seasons Landscape & Maintenance

ExpertRad

6 | SCRA Tax Credit Program

Lowcountry Physician Consultants

Bronze-Level Contributors $10,000 to $49,000 Nathan & Desiree Leaphart The Scott Family Albenberg Family Practice Charleston Concrete Construction Integer Technologies Tylan Creek Family Dentistry Simpsonville Endodontic Associates of Charleston Edward Kluiters Beau Clowney Architects Bonnie Rothwell, DMD Coastal Dental Group EMABS Hillcrest Cosmetic & Family Dental Iron Lion Realty Matthew Mastrorocco, DMD Affordable Dentistry Andre & Tina Yee 860 Strategies Inc Periodontal Associates Gentle Dentistry of Lexington Health Realty Kyle Exelby Rodney Schlosser Kids Teeth Archibald Hardy IV Blevins Dentistry Heath Johnson Herlong & Associates Inc Hitchcock Animal Hospital Corporation Holy City Dentistry Kassel Aviation Insurance Myers Elliotte Palmetto Facial Plastic Surgery Pathway Leadership consulting SAOS Capital Steven & Tiffany Gilliam Divitiae Bocklet Orthodontics McCullough Kahn Beach Endodontics Chris & Carrie Lanning Harmon & Felts, PA Hood Construction Jarrod Stokes JR15 Robinson Ventures Thiem McCuthcheon Winkler CPAs Trevor & Crystal Eddy

Charleston Oculoplastics The Donaldson Law Firm Lowcountry Endodontics PA Palmetto Investment Consulting April K Spitz, DMD, PA Bob & Cathy Quinn Buckwalter Dental Care Carolina Center for Restorative Dentistry Ellenontheglow Green Orthodontics PA Marc Chary Hilton Head Rentals Oaks at Creek Landing Reynolds Family Dentistry Southeastern ENT, Allergy & Sleep Disorders Thompkins, Thompson & Brown Tom Bumgardt William Coulter, DMD, PA Ascend Foods Inc Dutch Fork Family Dentistry PA Mark Waninger Dentistry DBA Dentistry at Habersham NE Columbia family Dentisttry Tyler & Michelle Fogleman Health Care Business Consultants Everett Sports Marketing Carolina HVAC Christopher Andrews DMD, PA Cornerstone Childrens Dentistry Brickyard Dental Group Nathan Williams A Hoffman-Heidlberg Agency Anna T Fuller DMD Blue Door Development Chapin Commercial Construction Donna Barrett Oliphant (Simms Oliphant) Ethical Patient Advocacy Fennelly Associates Forest Acres Dentistry Forever Happy Gums Glimma NA Henry Parr Jr John Curtis T Lewis La Mer Luxe Law Offices of LW Cooper Lowcountry Hand Center PC Professional Movers of Charleston Prudent Man Robert & Janet Keen Jr

Roebuck Family Dentistry PA Ron Banik, DMD, PC Spartan Investments SRJ Holdings TPG Broker Fund Young Law Firm Southern Spas Development LLC Miles Martschink Kassis Long Family Dentistry PC Riverrock Engineering Southeast Endodontics PC Barnwell Family Dentistry Carney & Sons Daniel Henderson DMD Donald & Barbara Herriott George Roper III Hawk & Hawk Law firm Home Team Realty TSFA Russell Cook Bobby Short Greg Wilcox Matt Bell P Mason Hogue A Better Me Psychiatry Atlantic Aesthetics PA Bailey Foods Bailey Real Estate Cory Manning & Tina Cundari Costa & Williams Dental Care Daniel & Katherine Fritze Deborah Herbert Gavin Criser DDS MS PA Helen Berenyi Holley & Company J Musselman Construction James C Brinkley Jr DBA Soap N Suds Kim & Lahey Law Firm Kozcloses Lemon Tree Dental LIG Maarten Zonjee Mavin Construction Michael Jacob Wehman DMD, PA Ned S Jennings DMD Palmetto Kids Dentistry, PA Schembra Real Estate Group Sleepy Owl Dentristry SmileCare PA Smiles BY KD

Steve Lenker The Law Offices of LE Cooper Jr Twin Properties Francis A Metzger Laura Terry Randy Cutts Fred Martschink III Michael Armstrong Collin Buckner Samios Realty Albert & Julia Mims Christopher Bernat Kris Cato Catherine Hayes Rob Moser Yolanda Lewis Adrianne Grimes Bowharp Engineered Solutions Broad Street Lending Elizabeth Pilcher Glen Caulk Griffith Growth Consulting J Gregg Caputo DMD PA PHH Enterprises Tax Law & Accounting Group Timsurance Austin Saggus Zante Ascension Consulting Teresa Hinson Blair Dorneanu Aiken Podiatry Center B&B Properties David Issac & Juliana Flint Talo Construction Patti Mack Paul Doughty, DMD, PA AEH Creative Lynette Harris Tisha Eaves Andy & Lesha Olsen Jane E Mason Paul Archie LeCroy III Good United Jeannine Rogers Mitch Smith Anonymous

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SCRA Tax Credit Program Team Mitch Smith

Director, Business Development mitch.smith@scra.org | 803-206-1378

SCRA TAXAndy CREDIT PROGRAM Olsen

Take Charge of your SC Tax Dollars Senior Business Development Manager andy.olsen@scra.org | 803-722-3598

Tisha Eaves

Business Development Manager tisha.eaves@scra.org | 854-202-5047

LEARN MORE & CONTRIBUTE AT GIVEBACKTOSC.COM