To support the University of South Alabama, balancing current contributions with future growth.
More than $153 Million has been contributed by the USA Foundation since 1990 in support of the University of South Alabama, its students, faculty and academic programs.
$10.5 Million was contributed by the Foundation to the University of South Alabama during the fiscal year 2016.
The net assets of the USA Foundation were $353,404,000 at June 30, 2016.
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 327-acre tract, the Brookley property, is located adjacent to the Airbus U. S. Manufacturing Facility. Its long-term development will inure to the benefit of the entire University community.
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.