Current News

$14,177,275 contributed by the Foundation to the University to date (March 10, 2026) in the fiscal year 2026. Highlights of the Foundation’s contributions are:

• $636,892 supporting more than 120 scholarships;
• $1,953,737 for faculty support, including 38 professorships;
• $11,586,646 for academic programs including:
  • $226,700 for USA Foundation Research Fellows/graduate assistant support;
  • $180,464 for the new Sylvestre Graduate Student Support Fund;
  • $2,189,479 for funding of a new Advanced GI and Endoscopy Suite at University Hospital;
  • $745,555 for support of the clinical faculty;
  • $439,228 for hospital equipment;
  • $884,900 for the Whiddon College of Medicine contribution

• $6,330,000 of additional funding for completion of the Whiddon College of Medicine:
  • $3,000,000
  • Gift of 37.5 acres of property valued at $3.33 Million.

(Please see Detail 2026 for the complete listing.)

Total contributions toward the $30 Million commitment for the Frederick P. Whiddon College of Medicine are $29,115,100, with the final semi-annual contribution of $884,900 to be distributed in June 2026.  With that contribution, the Foundation will have fulfilled its commitment for the Frederick P. Whiddon College of Medicine of $30 Million.

At its December 2025 meeting, the Foundation Board approved an additional gift of $9.33 Million for completion of the fifth floor of the Whiddon College of Medicine.  In December 2025, the Foundation contributed $3,000,000 plus a 37.5 acre tract of property valued at $3.33 Million.  The Foundation will give an additional $3 Million in fiscal year 2027.  With those contributions, the Foundation will have contributed $39.33 Million in support of the Whiddon College of Medicine.  (Please see the Whiddon COM Press Release.)

As of December 31, 2025:

• Net assets were $482,448,000.
• Timber investments were $180,708,000.
• Marketable securities (equities) were valued at $291,044,000.
• Other assets were $10,696,000.
• Management and general expenses were 0.71% of net assets, well below the average of 1-1.5% of net assets.

The Foundation Board elected the following Class II Directors with terms ending March 31, 2035: Dr. Damian Collins; Dr. Anjanetta Davis; Dr. Lynn Dyess; Mr. Nolan Leake; Mr. Normond McAllister; and The Honorable John McMillan.

 Dr. Collins was selected as the University’s alumni representative on the Board.  

The Foundation Board also elected officers for a two-year term through March 2028:  John McMillan, President; Greg Luce, Vice President; Lowell Bonds, Secretary; and Bobby Hall, Treasurer.