He is a business owner, and the founder and benefactor of The Saluda Charitable Foundation. The State Treasurer is the "private banker" for South Carolina. He is responsible for the investment, cash management, and safekeeping of the State's general and restricted funds and the assets of the South Carolina Retirement Systems. The Treasurer is the Vice Chairman of the State Budget & Control Board. The Budget & Control Board [Agency] is at the core of South Carolina's State Government, handling functions such as: the South Carolina Retirement System, State Procurement, State Insurance Programs, The Budget Office, State Auditor's Office, State Human Resources' Office, General Services, the Budget Office and the State Technology Office. The Treasurer is a member of the South Carolina Retirement System Investment Commission, which manages the system's approximately twenty-five billion dollar investment pool. The South Carolina Retirement System Investment Commission's goal is to maximize the return of the system's assets while safeguarding capital for it's retirees. The Treasurer is the custodian of these funds. The Treasurer is the Chairman of the State Board of Financial Institutions. The Board supervises financial institutions under its jurisdiction through the Bank Examining Division and supervises mortgage originators and lenders, finance companies, pay day lenders, and title lenders through its Consumer Finance Division. The Treasurer is the Vice Chairman of the South Carolina Tobacco Authority. The South Carolina Tobacco Authority administers the tobacco settlement funds. The Treasurer is the custodian of these funds. The Treasurer is the Vice Chairman of the South Carolina Education Authority. The Treasurer is the custodian of the Authority's funds. Away from the office, the Treasurer is busy serving others. In 2000, he founded and is the benefactor of The Saluda Charitable Foundation. The Foundation focuses its giving on the education, nutrition and medical care of children, especially those with disabilities. Saluda Charitable has served more than 300,000 meals, built a church, renovated schools and hospitals, sponsored medical missions and food pantries.
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