Andrew Hsu (copy) (copy) (copy)

Andrew T. Hsu answers questions from students and faculty in the Stern Center Ballroom Thursday, November 15, 20118. Hsu is president-elect of the public liberal arts college. File/Brad Nettles/Staff

Incoming College of Charleston President Andrew T. Hsu will receive a salary and benefits package worth about half a million dollars when he arrives March 1, according to a five-year contract approved by the board of trustees.

Hsu will earn a state salary of $210,246, plus a $200,000 annual supplement from the College of Charleston Foundation. The college also intends to give Hsu a 15 percent raise on his state salary in May 2019 — and a $50,000 bonus if he remains until the end of his contract in May 2024.

His pay package also includes up to $15,000 in moving expenses and use of the president's house, an 18th century brick home on Glebe Street. It also will supply Hsu with use of a car and either enroll him in the state retirement system or contribute at least $20,000 a year toward his retirement.

Hsu will be in charge of the public liberal arts college with an undergraduate enrollment of about 10,000 students.

His state salary of $210,000 is lower than the salaries provided to presidents and chancellors at similarly-sized public colleges and universities in other Southeastern states.

Western Carolina University, for example, pays its chancellor a base salary of $345,313, according to the recent public records. College presidents also earn higher base salaries at the similarly sized University of West Florida ($331,125) and Florida A&M University ($419,650). Those schools have about 9,400 and 10,000 students, respectively.

Hsu's state salary also is below what South Carolina pays 45 of its college and university athletic coaches, according to a state Department of Administration database. Earl Grant, the men's basketball coach at the College of Charleston, earns a base salary of $651,000. Hsu's base salary is only slightly higher than that of Chad Holbrook, the College of Charleston's baseball coach, who earns $200,000.

But Hsu's pay package is more than his predecessor. Former Lt. Gov. Glenn McConnell received a package of about $300,000 when he took the helm of the school in 2013.

McConnell retired last year, and Hsu was selected as the college's 23rd president after a national search. He currently serves as provost at the University of Toledo in Ohio, and his resume includes a previous career as a rocket scientist.

Interim President Stephen C. Osborne will remain in office until Hsu's arrival. Hsu will begin working full time as president-designate on March 1 and will become president on May 16, according to his contract.

Sign up for our daily newsletter

Get the best of The Post and Courier, handpicked and delivered to your inbox every morning.

Reach Paul Bowers at 843-937-5546. Follow him on Twitter @paul_bowers.