Current News
More than $18,261,796 contributed by the Foundation to the University from July 1, 2024 through June 11, 2025. Highlights of the Foundation’s contributions are:
- $1,232,275 supporting more than 120 scholarships;
- $3,735,326 for faculty support, including 38 professorships;
- $13,294,195 for academic programs including:
- $469,450 for USA Foundation Research Fellows/graduate assistant support;
- $356,792 for the new Sylvestre Graduate Student Support Fund;
- $4,339,000 for the 2nd year of funding for the Elekta Unity Vault Project in the Mitchell Cancer Institute;
- $1,385,822 for support of the clinical faculty in the Whiddon College of Medicine;
- $814,350 for hospital equipment;
- $3,539,600 for the Whiddon College of Medicine contribution;
- $1,261,000 for a revolutionary non-invasive technology to target tumors, the HistoSonics Edison Histotripsy System; and
- $250,000 for the Jaguar Marching Band program to fund the Band Rehearsal Hall.
(Please see Detail 2025 for the complete listing.)
Total contributions toward the $30 Million commitment for the Frederick P. Whiddon College of Medicine are $28,230,200.
As of March 31, 2025:
- Net assets were $444,957,000.
- Timber investments were $179,258,000.
- Marketable securities (equities) were valued at $252,150,000.
- Other assets were $13,549,000.
- Management and general expenses were 0.71% of net assets.
In approving the donation of $250,000 for the Jaguar Marching Band and its new complex, the Foundation Board recognized the students of the Jaguar Marching Band. This gift will support the band rehearsal hall.
The Foundation Board approved a resolution of commendation for the service of Judge Otha Lee Biggs and presented the resolution to his family. Judge Biggs served on the Foundation Board for 42 years.
Dr. Christina Wassenaar, President of the USA Faculty Senate, presented an update on the work of the Faculty Senate and planned activities for the coming year.
Dr. Harold Pardue, Associate V.P. for Academic Affairs and Dean, Graduate School, provided an update on the many new developments at the University.
The Board welcomed Mr. Lenus Perkins, the newly elected Vice Chair of the University’s Board of Trustees, who will serve as an ex officio member of the Foundation Board. Mr. Perkins has served on the Board of Trustees since 2017 and is the Executive Vice President and Chief Operating Officer for Bhate Environmental Associates, Inc.
Mrs. Arlene Mitchell was recognized for her service on the Foundation Board during her tenure as Vice Chair and Chair pro tempore of the University Trustees. The Foundation Board thanked Mrs. Mitchell for her leadership, generosity and tireless dedication to the mission of the University of South Alabama.