Meet the Treasurer
Curtis Loftis is the State Treasurer of South Carolina. First elected in 2010, he is currently serving his third term as State Treasurer.
As Treasurer, Loftis serves as the “state’s banker,” managing, investing and retaining custody of more than $50 billion in public funds. He also serves as administrator of the state’s Unclaimed Property Program, Future Scholar 529 College Savings Plan and Palmetto ABLE Savings Program, which provides eligible individuals with disabilities the opportunity to save and invest money while maintaining eligibility for important needs-based benefits.
Since taking office, he has returned more than $220 million in unclaimed funds to South Carolinians – more than all previous state treasurers combined – and has overseen significant growth in the Future Scholar 529 College Savings Plan, with more than 190,000 accounts and total assets under management of nearly $5 billion.
Loftis is a fierce advocate for greater accountability, transparency and fiscal management in state government. As Treasurer, he has championed a number of causes for the benefit of state government and all South Carolinians, including public pension reform and financial education in K-12 schools.
In addition to serving as State Treasurer, Loftis is Chairman of the State Board of Financial Institutions, Vice Chairman of the State Fiscal Accountability Authority, Vice Chairman of the South Carolina Education Authority and Vice Chairman of the South Carolina Tobacco Authority. He also serves on the South Carolina Financial Literacy Board of Trustees and the executive board of the College Savings Plan Network. In the past, he has held leadership positions with the National Association of State Treasurers and the National Association of Unclaimed Property Administrators.
As Treasurer, Loftis has been honored for his work with various awards and recognitions, such as being named to Columbia Regional Business Report’s 2020 Class of “Icons and Phenoms,” the “2019 Charter School Champion of the Year” by the Public Charter School Alliance of South Carolina and “Friend of the Taxpayer” by the South Carolina Association of Taxpayers.
His leadership has been featured in numerous publications, including The Wall Street Journal, The New York Times, Bloomberg, Institutional Investor and Bond Buyer. He is a sought-after speaker and has presented to groups such as the Wall Street Journal Private Equity Conference, The SkyBridge Alternative (SALT) Conference and the World Pension Forum.
A native of Lexington County, Loftis graduated from the University of South Carolina. He is a successful small business owner, as well as the founder and benefactor of the Saluda Charitable Foundation.
Since taking office in 2011, Treasurer Loftis has returned $220 million in unclaimed funds to South Carolinians – more than all previous state treasurers combined.
Treasurer Loftis has supervised significant growth in Future Scholar, the state’s 529 college savings plan, which now boasts more than 190,000 account holders and nearly $5 billion in assets under management, as of December 2020.
Through the strategic sale of the state’s General Obligation and Revenue Bonds, the Treasurer’s Office has facilitated several billion dollars of new and refunded state economic development, agency, transportation, housing and college/university project debt while saving taxpayers more than $391 million.
By restructuring the state’s investment portfolios, local government investment revenues grew by 66 percent.
Treasurer Loftis directed contract renegotiations for the state’s merchant card contract to reduce transaction fees paid by state agencies, resulting in projected savings in excess of $3 million.
In 2013, he was named “Friend of the Taxpayer” by the South Carolina Association of Taxpayers.