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FOUNDATION SUPPORT OF THE UNIVERSITY OF SOUTH ALABAMA

The Foundation contributed $9,621,648 to the University of South Alabama in support of scholarships, faculty support and academic programs for the fiscal year 2016-2017. (Please see Detail 2017 link for complete listing.)
The Foundationís contributions included:
  • $1,042,796 for scholarships, including $750,000 for the Whiddon Honors Program;
  • $2,229,594 for faculty support, including support of 34 professorships and $220,000 for the faculty development fund to support travel.
  • $6,349,258 for academic programs, including:
    • $476,473 for support of the USA Foundation Research Fellowship and graduate assistantship stipends;
    • $3.4 Million for the Biplane Lab and GI equipment;
    • $1,076,124 for the Clinical Support Fund for clinical faculty; and
    • $622,010 for Hospital Equipment.
Total contributions from the Disproportionate Hospital Share Funds (DSH Funds) for the fiscal year ending June 30, 2017, are $5,130,752. In December, 2015, the Foundation began funding a three-percent target distribution from the Disproportionate Share Hospital Funds (DSH Funds). The distributions will provide support for hospital equipment, clinical support and state-of-the-art diagnostic equipment are a part of the targeted distribution. The diagnostic equipment includes a new Biplane Lab that will allow increased diagnosis and care of stroke and trauma patients and expanded GI scope equipment.

Ms. Betty McIntosh, Senior Managing Director of the Business Incentives Practice at Cushman & Wakefield, provided a report on the marketing efforts of Cushman & Wakefield/EGS for the Brookley property. She highlighted the Offering Memorandum that was mailed to developers and which can be found on the website: www.brookleybythebay.com. The property currently has an appraised value of
$60.8 Million. It is an investment that will inure to the benefit of and support of the University of South Alabama. The Brookley property was purchased from the University in order to support the expansion of USA Childrenís and Womenís Hospital and is owned by Brookley Bay Front Properties, LLC, a wholly-owned subsidiary of the Foundation.

More than $163 Million in support of the University of South Alabama
  • Through June, 2017, the Foundation has provided more than $163 Million in support of the University of South Alabama for:
Scholarships $20,300,747
Faculty support $68,415,895
Academic programs $74,367,583.
 

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