COLUMBIA — The University of South Carolina’s educational and development foundations are preparing to move this summer into the former home of the S.C. School Board Association, near USC’s campus.

The new site, on Barnwell Street near Pendleton Street, will combine foundation operations that are now spread among offices in the 1600 Hampton and Osborne Administration buildings, which are two miles apart, executive director Russell Meekins said.

The foundations bought the 10,000 square-foot building for $1.3 million, according to broker NAI Avant. The 22-person USC foundations staff will move after $300,000 to $400,000 in renovations have been made at the site, Meekins said.

The foundations hold about $450 million in assets used to pay for scholarships, professorships and other projects at USC.

The S.C. School Boards Association moved into a building formerly occupied by SCANA in the Carolina Research Park in Northeast Richland in June. The association paid $1 million for the building and spent close to $2 million for renovations, said Scott Price, the group’s attorney.

In addition to consolidating offices for 37 employees, the association’s new site has space for training sessions for about 75 people, Price said.