Table of Contents

UNIVERSITY OF SOUTH CAROLINA

Information for specific audiences:

Salary Savings Distribution Policy

Effective Fiscal Year 2004

Salary savings are portions of staff or faculty members' salaries that are paid by external sources for work performed for these entities. This document clarifies the distribution of salary dollars that become available as a result of these external commitments.

Grants & Contracts Initiated by Academic Departments

The College will return 50% of all salary savings generated by members of the faculty or staff to the home department of the individual generating the salary savings.

Grants & Contracts Initiated by Offices and Centers
  1. For salary savings of faculty and staff members fully-funded by College funds allocated to the office or center, the College will return 50% of all salary savings to the office or center.
  2. For salary reimbursement of faculty and staff members fully or partially funded by College funds as an entrepreneurial investment, 100% of salary savings will be allocated to salary reimbursement until the partial or full salary has been paid. Thereafter, 50% of all salary savings will be allocated to the office or center.
  3. For salary savings of faculty and staff members funded by College funds allocated to another department, office, or center other than the office or center initiating the grant or contract, the College will return 10% of all salary savings to the initiating office or center and 40% of all salary savings to the home department, office, or center of the faculty or staff member.

Home departments are encouraged to maintain incentives for faculty and staff members working on grants or contracts for offices and centers.

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Columbia, SC 29208 • 803-777-7000 • info@sc.edu