Foundation Support

In the fiscal year 2024, more than $16,552,872 has been contributed by the USA Foundation to the University of South Alabama.

Highlights of the Foundation’s contributions are:

• $1,230,914 supporting more than 120 scholarships;
• $3,379,828 for faculty support, including 38 professorships;
• $11,942,130 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.)

More than $267 Million in support of the University of South Alabama.

The Foundation has provided more than $267,101,330, in support of the University of South Alabama:

• $  28.5 Million to support student scholarships;
• $  88.1 Million to support faculty; and
• $ 150.4 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 0.67% of the Foundation’s net assets.