Business Partnership Foundation
USC-Business Partnership Foundation
The USC-Business Partnership Foundation (BPF) was incorporated on September 16, 1969. With the act, a partnership between the business and academic communities was formalized with a commitment to make the Darla Moore School of Business one of the best in the nation. While state funds have provided the base for the school’s growth, private financial support has been necessary for the achievement of true excellence in business education. The University of South Carolina is state-assisted, not state-supported. Less than 25 percent of the University’s annual operating budget is provided by legislative appropriations. Therefore, an important role of the Business Partnership Foundation is to solicit contributions to be used for the enhancement and improvement of the school.
The BPF, in addition to providing supplemental financial support for the Moore School, also acts as an advisory body to ensure that the school remains attuned to the needs of those it serves. The foundation provides a focus for the partnership between the business sector and the University that is essential to the continued qualitative growth of the business school.
Contributions to the foundation are deductible for state and federal income tax purposes, and bequests and legacies are deductible for federal estate and gift tax purposes. The activities of the foundation are governed by a board of trustees made up of outstanding leaders from both the private and public sectors.
The purpose of the University of South Carolina-Business Partnership Foundation is to make the Darla Moore School of Business one of the best in the nation. Towards this end, the foundation shall:
- Establish a continuing partnership between the University of South Carolina and the business community of the State of South Carolina for the enhancement and improvement of the Darla Moore School of Business.
- Solicit and receive gifts, bequests, devises of things of value and accept the same subject to such conditions and trusts as may be imposed thereon for the exclusive benefit of the Darla Moore School of Business in conjunction with regular funds from the University.
- Build an endowment fund and supervise the creative management of this fund; and disburse monies from time to time as determined by the Board of Trustees and in accordance with the limitations of any gift.
- Determine, in cooperation with the administration of the Darla Moore School of Business, appropriate projects and programs of that school to be financed in whole or in part by funds raised or by income from the endowment fund.
- Encourage and assist in supporting research in business and economic problems.
- Bring together representatives from different businesses and government and assist in conducting conferences, seminars, and management programs to further the education, development, and effectiveness of management personnel in South Carolina and the Southeast region of the United States.
The offices of the Business Partnership Foundation are located within the Darla Moore School of Business at the University of South Carolina, 1705 College Street, Columbia, South Carolina, 29208.
Founding members of the USC-Business Partnership Foundation
Pictured left to right: James C. Self, J. Willis Cantey, Arthur M. Williams, Jr. (original President of the BPF), John H. Lumpkin, Francis M. Hipp (the first Vice President), James Bradley (the first Secretary-Treasurer), Dr. Thomas F. Jones, Hugh C. Lane, Sr., W. W. "Hootie" Johnson, C. Wallace Martin, and Dean James F. Kane. Not pictured: Charles W. Coker, Wilbur S. Smith, William W. Bruner, H. William Close, and Buck Mickel.