USC president Carol Folt gave the state of the university speech tonight.
Among the highlights:
Folt said, “We are very fortunate at USC that our financial picture is positive. The value of our endowment reached an all-time high of $6.9 billion.”
Folt also said USC has reduced its budget deficit from COVID-19 by more than 50 percent to approximately $200 million.
Folt said there are non-essential assets and properties that can be sold following the George Tyndall settlement. That probably includes the Presidential estate in San Marino.
Folt said a memo will go out Tuesday and “it is our intent to require vaccination” for students in the fall.
Folt said the USC President’s Medallion is being awarded to all of the USC employees.