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USC Ended Fiscal Year With More Than $200 Million Deficit

USC announced today it “ended FY25 with an operating deficit in excess of $200 million, higher than the $158 million deficit in FY24.”

This is what I reported a few weeks ago but USC didn’t reveal the staggering figure until after Carol Folt retired.

It also said layoffs are coming but did not include specifics.

“We need to take decisive action quickly, because the longer we wait, the more difficult the actions that will need to be taken later, and the longer faculty and staff will be working under a cloud of uncertainty and anxiety,” USC Interim President Beong-Soo Kim said.

Among the measures USC will take to reduce the deficit is “selling unused properties.”

33 thoughts on “USC Ended Fiscal Year With More Than $200 Million Deficit”

  2. And just in case you want to scroll through the 2005 game with the domers, here is the full telecast, including the announcing team calling it “a rivalry with no comparison”, or something to that effect.

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    1. I hope this year’s game ends the exact same way: Officials blow game whistle with Notre Dame ahead, are forced to put ONE second back on clock, USC scores and wins…Notre Dame players and fans go home feeling as though their hearts have been ripped out….

      #..Which,OfCourse,TheyHave

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  3. Hard to believe that USC truly has a financial problem. A few years back, they had a huge endowment. You could operate the school on the interest and dividends on the endowment alone. Don’t even need to charge outrageous tuition.

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    1. KAM: Search Assist

      The University of Southern California’s endowment was reported to be $8.2 billion in 2024, with ongoing efforts to grow it through diversified investments.

      DON: This endowment supports various programs and initiatives at the university, ensuring long-term financial stability

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    2. DUI Administrators, Counselors, Hearing Officers [& Staff and Support Teams] for EVERY Department comes with a price tag….

      #…ButUSCGetsPaidBackEveryPennyInPure”Righteousness”

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  4. I doubt you could find five University or College Presidents that have run a business or even worked outside of academia, they haven’t a clue about finances or running anything

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  7. Breaking News: Saban is coming back to save USC football from iteslf…

    #…AndHe’sBringingUrbanMeyerWithHim….

    #USCIsGettingTenBillionDollar”SportsLoan”FromTrump….

    #[OnlyCondition:FoltMustBeFloggedByGutfeldOnFoxNews]

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  8. USC makes over 500 million yearly off of the interest and dividends on their endowment tax free but need to stop construction of the baseball field because donations have fallen off. C’mon. Well run institutions with 8.2 billion endowments should not even need fund raising campaigns and layoffs.

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      1. Did they hire the Haden family? 10% administrative fee to manage a multimillion dollar charitable fund for scholarships to the poor. Pat and family made big bucks off of that one. The impoverished beneficiaries not so much.

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      3. KAM: Pat was too busy being a social activist to notice his family was grifting.

        DON: How is the boycott of Indiana in the name of Pat’s LBGTQ+ son going?

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  9. I wish Rick Caruso would take a bigger role in managing the university. He had to know that Carol Folt was incompetent but signed off on her anyway. If Folt managed a funeral parlor nobody would die.

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    1. That’s it! Solution to All Lawyer John’s concerns: Hire Carol Folt as National Funeral Director…

      #HellIsNotAProblemIfYouCan’tDie…

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  10. Every entrepreneur businessman knows there will be some bad years intermingled with the good ones. Besides, SC incurring a deficit of nearly $400-million the past 2 years is small change compared to its multi-billion endowment

    But there must be a better way to balance the books than laying off long-time employees

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  11. KAM: Polls show the legacy Fake News Media like KTLA, PBS and NBC has massive range and sway with older people but diminishing sway with younger people.

    DON: A 70 year old Democrat like Cowardly Gabby who still watches CNN every night is possibly the most insane person on the planet because they’ve been consuming poison for 70 years.

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    1. KAM: You want insanity– 1/3 of Democrats and 2/3 of Republicans don’t accept the idea that we are slowly ruining this planet

      DON: But we somehow have got to feed more than 8-billion mouths

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      1. KAM: You want insanity? In the 1970s the media was hysterical about “global cooling.” But by 1982, the narrative moved to “global warming,” and the prediction was that Florida’s coast would be under water within a few decades.

        DON: Learn from history and ignore the environmental grifters.

        Liked by 1 person

  12. DON: Besides, when people no longer inhabit earth, the planet will soon regenerate itself back to its old pre-human self

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    1. KAM: You need to keep up. De-population is now the new crisis.

      DON: The Democrats are in a constant state of hysteria.

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  13. I hope by selling “Un-used Properties”…..SC doesn’t lose it’s status as the Largest Land-Owner in LA County…..I wonder if the deficit will cause the Banks to reduce our Multi-Billion Dollar Lines of Credit…..

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    1. Overheard Folt conversation last month: “I wonder how much Tommy Trojan and all our Heisman’s will bring in at auction?”

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