A Feb. 7 report by the Los Angeles Times noted that USC has seen a drop in fundraising, which the publication links to the recent scandals involving former Dean of the Keck School of Medicine Carmen Puliafito.
The Times reported a drop of $100 million in donations between July and December 2017, compared to the same period a year before. Last year, USC received $668.33 million in donations, making it number five in the Council for Aid to Education’s ranking of fundraising institutions.
The LA Times quoted several anonymous university employees, who relayed that several donors were upset with the recent scandals and either withheld or reduced their donations.
The university has stated that the LA Times has drawn “unfair” conclusions and that the school is in a healthy financial position.
Senior Vice President for University Advancement, Albert R. Checcio pointed to the school’s capital campaign, which has surpassed its initial goal of $6 billion by $600 million, as a marker of success. In addition he said that Puliafito was “not as active in fundraising as what was reported in the Times.”
The LA Times included in its report that USC has launched a new campaign called Project Renewal that requires the deans of every USC school to trim their expenses by 5 percent over the next three years. Checcio stated that Project Renewal is not indicative of any financial trouble.