NEWS

Carol Folt Says USC Endowment At All-Time High

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.

60 thoughts on “Carol Folt Says USC Endowment At All-Time High”

  1. USC President should have also announced that their are unsold liabilities which can be removed to reduce the deficit!
    1) Carol Folt
    2) Mike Bone
    3) Uncle Fester Clay Helton

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      2. Just when you thought that sow has hot rock bottom in the woke world of cancel culture they manage to pull this out of their collective asses..

        “ As another student reiterated, soap dispensers are racist because they force “black and brown bodies” to show their palms — “the only light areas of the skin” — in order to get soap out….”

        https://www.thecollegefix.com/ucla-students-claimed-soap-dispensers-are-proof-of-systemic-racism-heres-my-rebuttal/

        Life really is like a box of chocolates…

        Hahahahaha 👅 my🍆

        Liked by 2 people

      4. Nice call, Pudly. Wish more folks could see this scam for what it is —a clever way of dividing the middle class into armed camps….whilst the globalists steal us blind. The Bush Family, the Clinton Family, AT&T, Apple, Spectrum, etc. etc., find new ways of stealing real money from average Americans every month — and Hollywood goofballs talk about institutional racism as being at the root of all our problems. Maybe somebody can explain the difference between having racists in our society and “institutional racism.” I’d be inclined to say that with the 13th and 14th amendments, the Civil Rights Act, the use of Peremptory Challenges to toss biased jurors, Murgia motions to throw out discriminatory cases, etc. etc., we’re anything but an institutionally racist society.
        Don’t let the bad guys lead us into a civil fricking war….. over an ILLUSION.

        Liked by 3 people

      5. The only thing stupider than this woman’s ridiculous claim is the way you bitches react to it and think it’s going to end your very way of life. God knows I used to be the ring leader of that pathetic behavior around here but amazingly, at my age, I managed to move on.
        Woke is just a trendy word. Quit acting like it’s the boogeyman incarnate and grow a pair!

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  2. They could sell Folt’s joint and put her in a condo in Chino and save millions.

    Requiring all students to be vaccinated ? Hmm, J n J is what, 60% effective ? Pathetic.

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    1. It’ll be interesting to see how Carol responds to the dozens of lawsuits coming her way from (1) students who immediately challenge her right to force vaccinations and/or (2) students who eventually experience medical problems as a result of the vaccine (we all know that beginning next year you’ll be hearing major law firms doing 30 second spots on cable that begin with the words “if you were were forced to get vaccinated in order to continue your job or education and are now suffering memory problems or depression, call us at 310 —-“)….

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      1. Correct, Michael.

        While the vaccine companies may have legal immunity for any adverse side effects their products cause, companies and institutions who FORCED you to take the jab as a condition of entry DO NOT. Especially since the jab is experimental and we won’t know of the effects for years!

        Burn ’em all!

        Liked by 3 people

      2. AND…. drug company legal immunity, while extensive, isn’t complete. If it can be shown that the companies KNEW of fatal defects in their product, we’re in a whole different game. The fact many drug company executives dumped shares in their companies indicates they know problems are right around the
        corner.

        Liked by 3 people

    2. Any & all of us who play tennis know how hard it is to pull off THAT backhand — the one where the ball is coming off the asphalt hard in the far corner on your backhand side.
      #GreatAthleticism

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  4. So when are Helton and Andy Enfield being fired now that the roaming gnome says the University has $6.9 million dollar endowment. The excuse was USC has all these law suits to pay off in the future and NCAA infractions investigations are still pending. Now those are settled and over with. What’s the sugar coat excuse now? I don’t want to hear about integrity anymore from as to why those 2 aren’t gone yet. That flat out lie is stale now. I don’t care how many game balls clay is handing out for ass kissing!

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    1. That was $6.9BILLION… and it wasn’t the administration that used that reason. The endowment has existed for years.. anyone thinking it was money that holds the school back from taking action is just sitting in a dark basement playing with themselves…

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  6. And yet USC can’t spend the money to hire a real football coach.

    USC is purposely tanking the program or they’re just too damn stupid.

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  8. Well….at least she is being honest……its all about cash……education……oh we do that too. Football…..how quaint.
    Remember college professors that wore sweaters, smoked pipes and drove a 54 chevy……they have been replaced with a person that wears Prada, lives in Brentwood and drives a BMW……will not get into what they snort.

    Liked by 3 people

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    1. I went to USC a long time ago, Fred, and all my professors drove BMW’s and lived in Brentwood. And that’s okay. They were great instructors — Dick Miller, Kevin Robb, Peter Clothier, Virginia Tufte, Virginia Ernst (Kazor) —- to name a few. I feel very fortunate to have had each one of them in my life….even for a little while.

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      2. What about your professor’s at UC Davis, Wydick, Poulos, Fesler, Barrett and Jean Love…how great were they?

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      4. So true educators can teach and show you so much in life beyond academics.
        My history told us when you register to vote. Register as an independent because you will get tons of junk mail from the other 2 parties if you don’t. The choice is yours. Wanting to run their political b.s. down your throat. This enables you to not be influenced and make your own conscience decision to vote for the best candidate available. Non of that woke political crap that educators brain wash their students with now a days. Some great advice that’s help me out so far at 47. Thank you Mr.Brown

        Liked by 2 people

  10. She sounds like either she is taking her happy pills or she is on the bong doing the speech. She hands out medaillions to all employees? Why? I don’t believe her. How is the athletic department doing in terms of revenue, expense, are they in the black or red? She did not say a thing about that.

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  11. I really have to admit,
    Berkeley is so boring these days. Oh joy, we got a 3* Oregon commit that played in 3 spring games OR will Cam Bynum actually be Cal’s only draft pick?

    But HERE, holy Christ, swim coaches kicking the bottle, is Carol Folt hung, endowments, Helton as a non essential asset, UCLA racist soap dispensers, women’s volleyball, oh those songgirls, pandemic lawsuits, mandatory needle jabs,

    Shit this is like: BATTLE STATIONS, THIS IS NOT A DRILL.

    Liked by 3 people

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  12. Jinks just announced he wants a star running back —not a committee. Clay likes everybody to play (6 carries each —the grammar school concept) but Jinks says “best player will get the carries.”
    #Clay:”Oh,No!RealCompetition!”

    Liked by 4 people

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  13. Any news from practice? Or info on severity of recent injuries? Who would think that USC’s HC would be worse than those at Buffalo State, Lousiana (not LSU), Indiana, Minnesota, Wake Forest, Northwestern,…

    Liked by 2 people

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      1. And talk about difficult recruiting jobs – Indiana, Northwestern, and MN need to compete with Mich and OSU, Lousiana has to compete with LSU and the other SEC teams, Wake Forest has to compete with the other SEC teams, and talk about a clusterf*** trying to recruit for Buffalo State…

        Liked by 2 people

  14. How could anyone call Clay Helton an asset. Please take a look at his resume, and the so called results he has achieved throughout his career. Ted Toller, also took USC to a Rose Bowl, and was fired within two years of that 1 achievement. Bottom line Ted Tollner was evaluated correctly by his superiors, did not produce results, and was fired immediately.

    Helton’s value on the collegiate coaching market is 0 especially at his current salary. The monetary gifts donated to USC will never end, but at some point an employee like Helton, Bone, and Folt must produce and donations to this University don’t count as a true measure of an employee’s contribution to the success of this university.

    In other words we have alot of upper management at USC living on past glory, playing politics, living off the large bank accounts in a country club atmosphere, and their performance and true contributions to this university are not being evaluated properly.
    Folt, thinks she is doing a super job at USC, as do Bone and Helton. I strong disagree.
    Folt, is too old to change. Helton, is a worthless politician who’s coaching career will be over after USC wakes up. Bone, is trying real hard to make changes but belongs at a smaller university which he has more control of the decision making process.

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    1. I disagree with one thing you wrote, tommyd — I don’t think Folt or Helton think they’re doing super jobs. I think they know they’re not….
      #They’reBothRunningScared

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  15. Hey fans just had a mild heart attack at 47 on Friday. Got to Hoag hospital in time or it could of been a full blown one. Small artery blocked. Thank God Home now! It feels great to be alive and I can still communicate with all of you die hard fans. I’ve had 6 stays in the hospital since Sept 2019 multiple surgeries and still fighting on like Trojan. Fight on!
    Thank all of you guys on here that have gotten me through, some of this with your posts about USC football. Been a fan for 40 years now. Fight on!

    Liked by 3 people

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    1. Really sorry to hear about the setback, trojanboogs. Really glad to hear you’re back home feeling better! Don’t let the world get to ya. [A good buddy district attorney friend of mine went through a similar series of health problems back in the early 2000’s. I was really worried for him. But here we are in 2021 and he’s going strong. He tells me daily walks –and less sugar and salt — did wonders for him].
      #StayHealthy!
      #WeNeedYaOnTheTeam!
      #GodBless!

      Liked by 3 people

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      1. Thanks MG for your great words of encouragement and advice, more walks less sugar and salt. Got it MG. I have a lot of respect for you on here. Fight on! Don’t ever give up.

        Liked by 3 people

  16. Boogs,

    No alchol, white bread, sugar. it will help. Eat broccoli, califlower, beets, jamaica, and other hard vegatables. Yam potatoes, but no butter.

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    1. To all of my extended USC Trojan family out there thank you for showing me so much love on this blog; to fight another day during these turbulent times. I appreciate every single one of you. You guys for being so real and showing some human compassion in the world of phonies and make believers out there!

      Liked by 1 person

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      1. Boogs,
        No Mickey Dee’s. Sugar feeds cancer cells. Fast food is addictive because you get used to the sugar, fat & salt. In-n-Out puts sugar in their bread. Bad bread screws with your digestive tract & plays havoc with your ability to absorb nutrients so your body tells you that you’re hungry when you’re not.

        Best of health.

        Liked by 1 person

  17. The endowment is up because of the stock market’s incredible rise. So Folt doesnt have to go out and raise alot of money. But if that stock market ever cracks, the lack of new fundraising dollars might have a much bigger impact.

    The problem with Folt is the historic lack of leadership she demonstrates. She has come into USC at a time when the big problems were already pretty much in their final stages – Varsity admissions scandal, Tyndale, etc. She gets to take credit for turning things around, but the mess was already pretty much cleaned up.

    On the other hand, she made a mess out of the whole alumni club situation. And what big important changes has she made that took some real leadership? Please, name anything. It is easy to issue dictums, but not so easy to lead some real progress.

    Our football team will be fine. Either Helton/Harrell deliver a CFP spot this year for SC, or they get fired and a new head coach will have all the problems in recruiting, S&C, etc – already figured out for them. Just need to replace the offensive coaches who think that “run out there and I’ll pass it to you” is an offensive scheme. SC should have an even better recruiting haul this year if they are able to close on some of those top prospects visiting the campus this year. Sell them on the weather, girls, academics, alumni connections, media opportunities, NIL, tradition, etc. Sell them on the new S&C coach and the defensive coaches. USC’s recruiting success will depend more on their on-field performance this year than just about another other team.

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  18. Looked up the top 10 endowments. Texas A&M has 12 billion. Notre Dame 11 billion. So compared to the top endowments, we are not doing nearly as good.

    She kind of sounds like Helton, pulling out stats that make everything look OK.

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    1. USC
      One of the greatest College football legacies of all time.
      One of the greatest sports legacies of all time (ie, more Olympic gold medals than most sovereign countries).
      Ranked #15 University in the USA per WSJ.
      Comely co-eds.
      ….and $6.9B endowment.*

      We’re doing just fine.

      *USC is rated a strong AA credit risk by Standard and Poors, with an exceedingly low cost of credit.

      Liked by 2 people

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  19. I agree bourbon with all the scandals and the slowly depreciation of the athletic program. Thanks Nikias Haden and Swann. I think USC is fine. How many other universities could of survived that and still have 6.9 mil endowment? Not too many. Now if they can just the leadership at the top right, the sky’s the limit.

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  20. @ cal 75 you hit it the on a nail. That fast food is deadly. You are so right. That’s one of the biggest commitments I have to make to survive. By the way I gave up McD’s years ago. I figured that stuff was poison along with Taco Bell also. Genetics is what got me on my mom’s side. High cholesterol and triglycerides. Just something I’m going to have to deal with. I’ve almost left this earth so many times. I can survive this. If the man upstairs wanted me. He would of pulled my number already. Peace with you cal 75. I always like your post!

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  21. Peace to all of you on this blog. Including you Wolfman. This wouldn’t be possible without you, giving us this platform. May you write so many positive articles this year. Even though I appreciate your cynical ways sometimes. Fight on!

    Like

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