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Office of the Provost

University Policies

Policy Detail

Endowment Management

Policy Number: FINA 5.30
Section: Administration and Finance
Title: Endowment Management
Date (Original): 08/30/2024
Date (Date of Draft version): 08/30/2024
Policy For: USC System
Procedures For: USC System
Authorized By: Executive Vice President for Administration and Finance and Chief Financial Officer
Issued By: University Finance - Controller's Office

Policy Description and/or Reason for Revision:

This policy sets forth the University of South Carolina’s requirements for managing and expending endowment funds. The policy supports continually preserving the endowments’ principal and associated purchasing power, providing steady funding for operational program budgets, supporting current and future generations of scholars, and ensuring responsible stewardship of available earnings. Note: This policy is for endowments held by the University and does not include endowments held by University Foundations.

Deadline for Comments: 09/16/2024
Comment Contact Name: Kelly Epting
Comment Email: eptingk@mailbox.sc.edu

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