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USC exceeds $1B goal for capital campaign

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Staff Report
colanews@scbiznews.com
Published Sept. 11, 2015

More than $1 billion was raised during the University of South Carolina’s eight-year Carolina’s Promise campaign, the school’s most successful fundraising effort ever and a new in-state record, President Harris Pastides said.

More than 136,000 donors contributed to the capital campaign, Pastides said Thursday during his annual State of the University address on the Horseshoe.

USC President Harris Pastides said that over the next decade the university plans to repurpose 530,000 existing square feet for classroom and lab space. (Photo/University of South Carolina)USC President Harris Pastides said that over the next decade the university plans to repurpose 530,000 existing square feet for classroom and lab space. (Photo/University of South Carolina)
“We started the campaign at a time of duress, as tough financial times began to roil higher education and the nation. I remember eyebrows being raised when we contemplated and then announced that goal,” he said. “Each of you has made this possible. And in making it possible, each of you has made a significant difference in the lives of Carolina students. This isn’t the end of a campaign; it’s the beginning of a better future.”

The billion-dollar goal was exceeded by more than $43 million, with 134 donors contributing at least $1 million. Nearly 90,000 donors from South Carolina gave more than $604 million, while more than 47,000 out-of-state residents donated more than $438 million, the university said.

The campaign ended by reaching its largest single-year total last year with $180.7 million.

”The donors’ commitments demonstrate a belief that the university, under the leadership and direction of President Pastides and the board, is essential to ensuring a brighter future for our students and the state,” said Jancy Houck, development and alumni relations director.

Pastides touched on a handful of other initiatives during his speech, including the new “Carolina 2025 plan.” That includes a centralized University Advising Center, a net of 25 new faculty hires per year over the next decade and more than 530,000 existing square feet being repurposed to expand classroom and lab space.

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