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FOUNDATION SUPPORT OF THE UNIVERSITY OF SOUTH ALABAMA

$2,254,898 was contributed by the Foundation through December 31, 2012 to support scholarships, faculty positions and academic programs of the University of South Alabama. (Please see Detail 2013 link for complete listing.)

The support included:
  • More than $503,581 for Scholarships;
  • More than $1,149,237 for Faculty support; and
  • More than $602,080 for Academic programs.

Highlights of the Foundation’s annual support include:
  • The second $100,000 of the $500,000 gift to support the College of Engineering and the School of Computing through the Excellence Endowments of those academic units.  The gift will be made over a five-year period;
  • $210,000 to support faculty travel through the Faculty Development Fund;
  • Approval of a total of $500,000 to support travel for fiscal year 2013 in recognition of the critical role of the faculty in the University on this its 50th anniversary;
  • $225,100 to support 22 USA Foundation Research Fellowships and graduate assistantships;
  • More than $264,744 for general support of the College of Medicine Faculty through the Racing Commission Faculty Fund;
  • More than $124,402 in support of the Mitchell Cancer Institute.

Pediatric Expansion Support:
  • As a part of the ongoing support of the University, the third installment of $4,000,000 was paid on a five-year note for the purchase of the Brookley property. The property was purchased in order to assist the University in carrying out its tax-exempt purposes and specifically in order to fund the Pediatric Expansion of the USA Children’s and Women’s Hospital, an integral part of the teaching mission and health services mission of the University of South Alabama. The property is owned by Brookley Bay Front Properties, LLC, a wholly-owned subsidiary of the Foundation.

For the ten-year period, from July 1, 2003 through December 31, 2012, contributions to the University total $56,105,221 for:

•  
Scholarships: $  9,652,900
•  
Faculty:     $22,553,324
•  
Academic programs: $23,898,997   
 

P.O. Box 3148 Mobile, AL 36652-3148 (251) 432-2116 fax (251) 432-2108