To support the University of South Alabama, balancing current contributions with future growth.
More than $163 Million has been contributed by the USA Foundation since 1990 in support of the University of South Alabama, its students, faculty and academic programs.
$9,771,000 was contributed by the Foundation to the University of South Alabama during the fiscal year ended June 30, 2017.
The net assets of the USA Foundation at June 30, 2017 were $365,243,000.
In 2010, the Foundation purchased the Brookley property in order to respond to the University’s defined most critical and important need, to secure funding for the expansion of USA Children’s and Women’s Hospital. The approximately 330-acre tract, the Brookley property, is located adjacent to the Airbus U.S. Manufacturing Facility, is less than four miles from Downtown Mobile, is five miles from the Port of Mobile, and provides a unique property for a variety of uses as office, industrial, residential, or mixed-use concepts. The property is being marketed by Cushman & Wakefield/EGS, a globally recognized real estate organization. An Offering Memorandum has been prepared for developers and interested parties, which can be found on the Brookley website: www.brookleybythebay.com.
Philosophy of Endowment Foundations
“Successfully managed endowments retain forever the ability to provide a particular level
of institutional support, justifying the classification of endowment funds as permanent
assets. Pursuit of long-term asset preservation requires seeking high returns, accepting the
accompanying fundamental risk and associated market volatility.” - David Swensen, Chief
Investment Officer, Yale University, in Pioneering Portfolio Management.
An endowment foundation balances these two divergent requirements of endowment
accumulation while providing an incremental source of funds to allow the University to be one
of excellence, acting in a prudent manner to meet both objectives.