Home
Support
Timber
Current News
Brookley Update
Brookley By The Bay
Board of Directors
Comments

Current Newsletters 

MISSION

To support the University of South Alabama, balancing current contributions with future growth.

Since 1990, the Foundation has contributed more than $138 Million in support of the University of South Alabama, its students, faculty and academic programs.

$4,515,679 was contributed by the Foundation to the University of South Alabama for the fiscal year ending June 30, 2014.

Continuing the Foundation’s mission to support the University, the Foundation purchased Brookley in response to the University’s defined most critical and important need, to secure funding for the expansion of USA Children’s and Women’s Hospital dedicated in September, 2013. The purchase of Brookley in November, 2010, allowed the expansion to move forward. To date, the Foundation has paid $16 Million to the University, with the final installment to be paid in November, 2014.

The net assets of the USA Foundation were $323,136,000 at June 30, 2014, compared to $298,536,000, at fiscal year ended June 30, 2013.


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.


P.O. Box 3148 • Mobile, AL 36652-3148 • (251) 432-2116 • fax (251) 432-2108