University Of Mississippi Foundation

Organization Overview

University Of Mississippi Foundation is located in Oxford, MS. The organization was established in 1976. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, University Of Mississippi Foundation employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Mississippi Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, University Of Mississippi Foundation generated $64.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $76.0m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, University Of Mississippi Foundation has awarded 16 individual grants totaling $303,317,252. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

UNIVERSITY PROGRAMS - TRANSFERS TO THE UNIVERSITY TO BE USED TO PROVIDE NON-ACADEMIC PROGRAMS AND ACTIVITIES, SUCH AS HONORS PROGRAMS, LIBRARIES, AND SPECIAL EVENTS.


SCHOLARSHIPS - TRANSFERS TO THE UNIVERSITY FOR DIRECT STUDENT FINANCIAL SUPPORT.


UMMC - TRANSFERS TO THE MEDICAL CENTER TO PROVIDE SUPPORT FOR CONSTRUCTION ACTIVITIES AND NON-ACADEMIC PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Wendell W Weakley
President/ceo
$279,671
Maggie E Abernathy
Treasurer/cfo
$161,000
Anna Langley
Vice President/secretary
$130,500
Lance Felker
Director Of It
$121,500
Charles Cannada
Director
$0
S Lawrence Farrington
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Weta
Consulting
$241,807
Shelton School
Consulting
$724,273
Fund Evaluation Group
Investment Consulting
$233,852
Mainstage Theatrical Supply Inc
Construction
$167,441
Children's Miracle Network
Professional Fundraising
$160,267
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$44,491,037
Investment income $5,483,107
Tax Exempt Bond Proceeds $0
Royalties $3,974
Net Rental Income $134,879
Net Gain/Loss on Asset Sales $13,248,227
Net Income from Fundraising Events -$25,660
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $64,727,887

Grants Awarded

Over the last fiscal year, University Of Mississippi Foundation has awarded $38,142,578 in support to 2 organizations.

Grant RecipientAmount

UNIVERSITY OF MISSISSIPPI

Org PageRecipient Profile

University, MS

PURPOSE: SEE PART IV

$30,273,175

UNIVERSITY OF MISS MEDICAL CENTER

PURPOSE: SEE PART IV

$7,869,403
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that University Of Mississippi Foundation has recieved totaling $2,000.

Awarding OrganizationAmount
Louis Lou Ann And Melissa Poynter Family Foundation

Wilmington, DE

PURPOSE: SCHOOL OF LAW - CLINICAL PROGRAMS FUND

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$483,635,989
Earnings-$39,631,272
Net Contributions$14,214,249
Other Expense$15,270,652
Ending Balance$442,948,314

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