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Office of the Controller

Treasury Management

Treasury Management is responsible for the University’s banking relationships. We manage the cash balances and investments for operating and endowment funds and ensure reconciliations of all financial records with bank accounts.

The Card Matrix provides a guideline of purchases allowed on each USC Card Program.

Card Matrix [pdf]

Program Expense Card

The Program Expense Card is a credit card used for educational programs (eg. Study Abroad, Summer Programs, etc.) and participant incentive payments. The cardholder must be a USC employee. The Program Expense Card cannot be used for individual travel or any purchase subject to procurement.  Please email questions to cards@mailbox.sc.edu.

Team Cards

The Team Card is used to make purchases for athletic team related expenses (e.g. hotel, transportation, meals, etc.). Please email questions to teamcard@mailbox.sc.edu.

Travel Cards

The Travel Card is used to reduce the monetary burden to the traveler and provides the ability to book airline tickets (for employees, students, and non-employees) and registration (for employees and students). The program offers two types of cards:

  • Individual Travel Card: Individual travel for airfare, hotel, and registration.
  • Department Travel Card: Airfare (for employees, students, and non-employees) and pay registration (for employees and students).

Please email questions to mail travelcard@sc.edu.

What is an endowment?

An endowment at the University of South Carolina is a permanent gift, an investment that gives back to the university forever.

Endowment funds are managed to provide a permanent source of income to support the educational mission of the university. The endowment, a set of pooled assets, is generally composed of many individual funds and is invested in a purposeful and accountable manner to generate income that:

    • honors the donors’ intended purposes for their gift;
    • supports the operating budget of the institution; and,
    • is reinvested to protect the value of the endowment against inflation.

Visit the Business Manager page Endowment training resources.

Controller's Office Privacy Statement [pdf]

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