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 celebrates its 50th anniversary and looks forward to continued support of the University of South Alabama. Please see the “Milestones” for a timeline of the Foundation activities in support of the University of South Alabama.
More than $168 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 $168 Million include:
- $20.97 Million to support scholarships for students;
- $69.5 Million to support faculty; and
- $77.7 Million to support academic programs.
Net assets at December 31, 2017, are more than $372.7 Million.
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, acting in a prudent manner to meet both objectives.