Carol Folt delivered the “State of the University” speech on Wednesday via Zoom.
Folt said USC projected $300-$500 million operational deficit through June 2021 because of increased expenses and reduced revenue, grants and donations as a result of the coronavirus pandemic.
“I’m convinced we will emerge from this even stronger, with a nimble infrastructure and a culture that takes risks, learns from mistakes and puts people first,” Folt said.
Folt said she could not guarantee USC would hold in-person classes in the fall and might delay the start of on-campus classes by several weeks. USC is retrofitting facilities for social distancing, she said.
“Past scandals tarnished our reputation (but we) maintain (the) highest ethical standards in everything we do as a university. If you’ve heard about it, someone at USC has done it,” she said.