Foundation Support
Through June 11, 2025, $18,261,796 has been contributed by the USA Foundation to the University of South Alabama.
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 (Fiscal Year 2025 and Fiscal Year 2027 commitment met);
- $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.
The Foundation has provided more than $285 Million in support of the University of South Alabama, which includes:
- $ 29.8 Million to support student scholarships;
- $ 91.8 Million to support faculty; and
- $ 163.7 Million to support academic programs.
The University of South Alabama Foundation 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 0.71% of the Foundation’s net assets.