Current News

More than $16,507,000 contributed by the Foundation to the University in fiscal year 2024.

Highlights of the Foundation’s contributions are:

  • $1,196,792 supporting more than 100 scholarships;
  • $3,379,828 for faculty support, including 38 professorships;
  • $11,930,611 for academic programs including:
    • $469,450 for USA Foundation Research Fellows/graduate assistant support;
    • $339,198 for the new Sylvestre Graduate Student Support Fund;
    • the Dauphin Island property valued at $1.92 Million;
    • $4,500,000 for partial funding for the vault for the new Elekta Unity System in the Mitchell Cancer Institute;
    • $1,346,002 for support of the clinical faculty in the Whiddon College of Medicine;
    • $789,582 for hospital equipment; and
    • $1,769,800 for the Whiddon College of Medicine contribution.

(Please see Detail 2024 for the complete listing.)

Total contributions toward the $30 Million commitment for the Frederick P. Whiddon College of Medicine are $24,690,600.

At its June 13, 2024, meeting, the Foundation Board received the following reports:

  • Net assets at March 31, 2024, were $449,592,000.
  • Timber investments were $176,240,000.
  • Marketable securities (equities) were valued at $258,739,000.
  • Other assets were $14,613,000.
  • Management and general expenses were 0.69% of net assets.

Dr. Anjanetta “Anjie” Davis, newly elected member of the Foundation Board of Directors, was welcomed to the meeting.  Dr. Davis is the Director of the Simulation Program of the University of South Alabama and an Associate Professor of Nursing.

The Foundation Board met in the Health Simulation Building on the University campus.  Dr. Andi Kent, Executive Vice President and Provost, provided an update on the completion of the new Frederick P. Whiddon College of Medicine.

Dr. Anjie Davis highlighted the critical role of simulation for clinical training of health professionals and provided a tour of the state-of-the-art facility.

Dr. Donna Streeter and Dr. Christina Wassenaar, past President and current President of the USA Faculty Senate, presented reports on the Faculty Senate and planned activities for the coming year.