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$13,216,100 contributed by the USA Foundation to the University of South Alabama in fiscal year 2023 to date.

  • Highlights of the Foundation’s contributions are:
    • $1,208,380 for scholarship support of more than 100 scholarships, including the Whiddon Honors Scholars;
    • $3,002,625 for faculty support, including support of 36 professorships, including $220,000 for the Faculty Development Fund, for faculty travel support;
    • $9,005,095 for academic programs including:
      • $469,450 for USA Foundation Research Fellowships and graduate assistantship stipends;
      • $3,997,022 for support of USA Health for projects and equipment at USA Hospital, to include a Patient Discharge Unit and 2 CT Scanners, and at USA Children’s and Women’s Hospital, to include funding the construction of an MRI Vault and equipping an 8th operating room;
      • $1,277,428 for Clinical Support Fund for College of Medicine Faculty;
      • $747,600 for Hospital Equipment.
    • $1,769,800 to facilitate the construction of a state-of-the-art Frederick P. Whiddon College of Medicine.
  • Additional contributions supporting academic programs, students and faculty, are $743,795.

(Please see Detail 2023 for complete listing.)

With the semi-annual contribution for the Frederick P. Whiddon College of Medicine, total contributions toward the $30 Million commitment are $22,920,800.

At its June 1, 2023, meeting, the Foundation Board received the following reports:

  • Net assets at March 31, 2023, were $400,143,000.
  • Timber Investments were $173,590,000.
  • Marketable securities (equities) were valued at $209,658,000.
  • Other assets were $16,895,000.
  • Management and general expenses were 0.68% of the net assets.

President Jo Bonner provided an update on the University and its continued growth as the University celebrates its 60th anniversary and looks forward to the next 60 years.  The Board viewed the 60th anniversary video.  The Board also received a report of plans for the new Frederick P. Whiddon College of Medicine, as presented by Dr. John Marymont.

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