Aiken Partnership Board

Purpose

The Aiken Partnership Board raises funds for the continuous improvement of USCA. The faculty, staff, and students appreciate each board member’s service to the university.

The Aiken Partnership was established in 1980 as an affiliate of the USC Educational Foundation. All funds raised by the Aiken Partnership are handled and invested by the USC Educational Foundation but returned to USCA for the university’s use. The general purposes of the Aiken Partnership are to further the institution’s quest for excellence in all areas and to support those programs that are inadequately funded or not funded at all through the usual channels of state appropriations.

Executive Committee

Liz Stewart
Stewart & Associates
President 

Vice President
Vacant

Gerry Owen
Financial Advisor
Treasurer

Aiken Partnership Funds

The Aiken Partnership was established in 1980 as an affiliate of the USC Educational Foundation. All funds raised by the Aiken Partnership are handled and invested by the USC Educational Foundation but returned to USC Aiken for the University's use. The general purposes of the Aiken Partnership are to further the institution’s quest for excellence in all areas and to support those programs that are inadequately funded or that are not funded at all through the normal channels of state appropriations.

Accounts established with the Aiken Partnership:

Unendowed Accounts

These funds result from contributions through the Aiken Partnership but are not within an endowment. The account number typically has an A in the sequence. 

Endowed Accounts

The spendable amount for these endowments is based on the interest gained on the principal of these endowments. Spendable amounts of these endowments vary depending on the amount in the principal, the length of time the endowment has been established, the amount in the reserve account, and the market performance over the life of the endowment. Endowments generally generate a spendable amount of approximately five percent of the principal each year. The account number will usually have a B or C in the sequence. The USC Educational Foundation makes disbursements quarterly to endowment accounts based on earnings. 

Forms

Forms are available to request reimbursement to vendors, departmental accounts, faculty, staff, and honorariums. In all cases, original receipts, original invoices, or Level I Financial Reports are required for disbursement of Aiken Partnership funds. Special restrictions exist for the purchase of gifts and meals.

SEE ALL ADVANCEMENTS SERVICES FORMS

Questions?

Contact the Coordinator of Gift Accounting 
803-641-3334