Report: SC State Diverted Money to Foundation

Columbia, SC (WLTX) - There are questions surrounding where the money came from to give a bonus to South Carolina State University President Thomas Elzey.

Previous Coverage: SC State President Gets $50,000 Bonus

News 19 first told you Monday that no state money was being used and that the $50,000 is from the SC State University Advancement Foundation; however, we have now learned that may not be the case.

The new questions come after a 12-page report filed by South Carolina Inspector General Patrick Maley. The document claims SC State diverted more than $2.2 million from vendor contract rebates that belonged to the university and moved it to the SC State Foundation, which Maley calls "highly inappropriate."

DOCUMENT:Read the Inspector General's Report

The money includes discretionary expenses accounts for university executives. It's important to note that Elzey just received a $50,000 bonus from the SC State Advancement Foundation.

Maley had three findings in his report: first, that the university inappropriately diverted money from vendor rebates; second, that the university created hidden costs to students and conflicts of interest in contract monitoring; and third, that the university has a weak system in place to monitor finances.

University Spokesperson Sonja Bennett released a statement saying in part the following:

"We concur with the IG that such practices at statewide institutions of higher learning may create a perception that total transparency is lacking. Moving forward the university will apply best practices to enhance transparency and accountability."

The inspector General gave several recommendations to the university to make improvements, such as creating a policy to return all vendor rebates to the university and not foundations, and to return all existing money that's traced to the rebates.


To find out more about Facebook commenting please read the
Conversation Guidelines and FAQs

Leave a Comment