Foundation Support

Through February 28, 2025, $11,345,000 has been contributed by the USA Foundation to the University of South Alabama.

Highlights of the Foundation’s contributions are:

  • $634,287 supporting more than 120 scholarships;
  • $1,876,724 for faculty support, including 38 professorships;
  • $8,833,665 for academic programs including:
    • $226,700 for USA Foundation Research Fellows/graduate assistant support;
    • $178,396 for the new Sylvestre Graduate Student Support Fund;
    • $2,052,990 for the 2nd year of funding for the Elekta Unity Vault Project in the Mitchell Cancer Institute;
    • $692,911 for support of the clinical faculty in the Whiddon College of Medicine;
    • $407,175 for hospital equipment;
    • $3,539,600 for the Whiddon College of Medicine contribution; and
    • $1,261,000 for a revolutionary non-invasive technology to target tumors, the HistoSonics Edison Histotripsy System.

(Please see Detail 2025 for the complete listing.)

The Foundation has provided more than $278 Million in support of the University of South Alabama, which includes:

  • $  29.2 Million to support student scholarships;
  • $  89.9 Million to support faculty; and
  • $ 159.3  Million to support academic programs.

The University of South Alabama Foundation is a unique entity in that it is a Section 501(c)(3) tax-exempt entity that supports the University of South Alabama through contributions for scholarships, faculty support, and other contributions.  Unlike for-profit investment firms or mutual funds that charge a management fee to manage a portfolio, the numerous funds managed by the Foundation participate in the expenses of the Foundation and are not assessed a set management fee.  The Foundation keeps expenses at a low level, maintaining an expense ratio that averages approximately 0.72% of the Foundation’s net assets.