South Carolina State University President James E. Clark will be receiving an additional $160,000 a year from the university foundation.
The additional compensation will place Clark’s compensation, “at a level of other presidents of HBCUs and other presidents in the state of South Carolina,” trustee Dr. Doris Helms said.
S.C. State trustees approved a supplemental contract developed by the S.C. State University Foundation at the board’s Oct. 9 meeting.
In a statement, the university announced that the board approved a salary supplement of $160,000 from the foundation to Clark in installments for each year of service.
The board named Clark as president on July 1, 2016. The money included in the supplemental contract is retroactive to July 1, 2017 through June 30, 2020, which will mark the end of Clark's contract.
The additional supplement brings Clark's total annual salary to $390,000. The president's base salary is $195,000.
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Under his 2016 contract, the S.C. State Foundation had already been providing the president with an annual supplement of $35,000. The new, $160,000 supplement is in addition to that.
Voting in favor of the supplement were board Chairman Milton Irvin, Vice Chairman Rodney Jenkins and trustees Doward Harvin, Starlee Alexander, Monica Scott, Wilbur Shuler, Daniel Varat, Jeff Vinzani, Donnie Shell and Helms.
Trustees Hamilton Grant and Gerald Hubbard Smalls were opposed to the supplement.
In a release, the university says Clark brought his experience as an S.C. State board member to the job of president.
“As president, he came on board and immediately began addressing critical issues. By doing so, changes were rapid and evident,” the release said.
Three years of enrollment increases followed what had been eight years of declining enrollment, while finance and budgeting improvements helped stabilize the university, which has had a positive year-end balance for the past three years, the release said.
According to the release, "The Hugine Suites residence hall has been refinanced, resulting in an annual savings of more than $500,000 per year, and a total savings of over $11 million (2017-2035).”
"The university’s fundraising efforts have resulted in the number of gifts to S.C. State, increasing by 22 percent over last year. The average gift is up nearly 30 percent. During the annual Alumni Weekend in May 2018, alumni donations totaled over a half million dollars,” the release said.
The release also noted Orangeburg County provided $1 million to repave campus roads. Also, partnerships have been developed with Orangeburg-Calhoun Technical College, Denmark Tech, Midlands Tech, Piedmont Tech, the University of Phoenix, the Medical University of South Carolina, Clemson University and the University of South Carolina.
Irvin said, “James Clark became president of S.C. State at a critical time. The university was faced with financial issues that threatened its very existence. Progress has been made and President Clark is aggressively addressing remaining challenges. We are pleased with his performance and continue to support his efforts.”
The South Carolina State University Foundation is an independent, nonprofit entity chartered in 1971 to support the university’s educational goals.
The foundation receives, manages and distributes restricted and unrestricted endowment gifts, annual gifts, capital campaigns, planned giving and other ongoing fundraising programs. It is governed by a volunteer board made up of business and community leaders.
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