The University of South Alabama Foundation was created in 1968 to support the University of South Alabama, balancing current contributions with future growth. The Foundation looks forward to continued support of the University of South Alabama, its academic programs, faculty and students. Please see the “Milestones” for a timeline of the Foundation activities in support of the University of South Alabama.
More than $173 Million has been contributed by the USA Foundation since 1990 in support of the University of South Alabama, its students, faculty and academic programs.
The contributions of $173 Million include:
- $21.53 Million to support scholarships for students;
- $70.65 Million to support faculty; and
- $80.93 Million to support academic programs.
Net assets at June 30, 2018, were $374,210,000.
Philosophy of Endowment Foundations
The philosophy of endowment foundations is to provide for today’s needs while maintaining and preserving permanent assets for future support.
“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 in academic programs, acting in a prudent manner to meet both objectives.