UNIVERSITY OF MISSISSIPPI FOUNDATION

EIN: 237310293 501(c)(3) Education

OXFORD, MS

Total Revenue
$101,913,234
Total Expenses
$53,310,971
Total Assets
$824,349,490
Net Assets
$787,011,970
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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
MS
Principal Officer
MAGGIE ABERNATHY
Phone
6629155944
Tax Period
2023-07-01 to 2024-06-30

UNIVERSITY OF MISSISSIPPI FOUNDATION, founded in 1973, is a major nonprofit in the Education sector that reported $101.9M in total revenue in fiscal year 2023. The organization ran a surplus of $48.6M, a strong 48% operating margin.

Mission

THE UNIVERSITY OF MISSISSIPPI FOUNDATION IS A NONPROFIT CORPORATION CHARTERED IN 1973 BY THE STATE OF MISSISSIPPI TO OPERATE PRIMARILY FOR THE BENEFIT OF THE UNIVERSITY OF MISSISSIPPI. THE FOUNDATION IS RESPONSIBLE FOR RECEIVING, RECEIPTING, INVESTING AND DISTRIBUTING ALL GIFTS FOR THE BENEFIT OF THE UNIVERSITY OF MISSISSIPPI. IT PURSUES THIS MISSION IN AN ENVIRONMENT OF PRODUCTIVE TEAMWORK, EFFECTIVE COMMUNICATION, AND RELENTLESS SERVICE TO OUR DONORS, UNIVERSITY ADMINISTRATORS, FACULTY, STAFF AND STUDENTS. COMMUNICATION OF UNIVERSITY NEEDS AND PRIORITIES ALONG WITH ENCOURAGING INVESTMENT IN THE FUTURE OF OLE MISS ARE INTEGRAL TO OUR SUCCESS. INTEGRITY, HONOR, CIVILITY, SERVICE AND RESPECT FOR OUR DONORS AND THEIR WISHES SERVE AS THE FOUNDATION'S GUIDING PRINCIPLES.

Program Service Accomplishments

Program 1
Expenses: $25,071,321 Revenue: $2,646,332

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

Program 2
Expenses: $10,872,227

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

Program 3
Expenses: $5,639,859

ACADEMIC EXCELLENCE - TRANSFERS TO UNIVERSITY ACADEMIC DEPARTMENTS FOR FACULTY AND GENERAL USE, ACCOUNTANCY, APPLIED SCIENCE, BUSINESS, EDUCATION, ENGINEERING, JOURNALISM, LAW, LIBERAL ARTS, MEDICAL...

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ACADEMIC EXCELLENCE - TRANSFERS TO UNIVERSITY ACADEMIC DEPARTMENTS FOR FACULTY AND GENERAL USE, ACCOUNTANCY, APPLIED SCIENCE, BUSINESS, EDUCATION, ENGINEERING, JOURNALISM, LAW, LIBERAL ARTS, MEDICAL CENTER, PHARMACY, OUTREACH, AND RESEARCH.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $53,389,455
Program Service Revenue $2,646,332
Investment Income $45,395,257
Other Revenue $482,190
TOTAL REVENUE $101,913,234

Expense Breakdown

Grants Paid $45,492,749
Salaries & Benefits $4,389,520
Fundraising Expenses $2,963,316
Program Expenses $47,054,565
Other Expenses $3,121,566
TOTAL EXPENSES $53,310,971

Year-over-Year Comparison

2023 2022 Change
Revenue $101,913,234 $95,544,401 +0.1%
Expenses $53,310,971 $45,448,713 +0.2%
Net Income $48,602,263 $50,095,688 0.0%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
37
Independent Members
36
Employees
18
Volunteers
36

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✓ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$832,718
Total Directors
37
$399,924
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WENDELL W WEAKLEY PRESIDENT/CEO 40.00
Officer Director
$323,414 $76,510 $399,924
JOHN W BARRETT DIRECTOR 0.01
Director
$0 $0 $0
RAYMOND L BROWN JR DIRECTOR 0.01
Director
$0 $0 $0
LAMPKIN H BUTTS DIRECTOR 0.01
Director
$0 $0 $0
DON B CANNADA DIRECTOR 0.01
Director
$0 $0 $0
W HUNTER CARPENTER DIRECTOR 0.01
Director
$0 $0 $0
MARY SUSAN GALLIEN CLINTON DIRECTOR 0.01
Director
$0 $0 $0
LEON COLLINS DIRECTOR 0.01
Director
$0 $0 $0
ARTHUR M EDWARDS III DIRECTOR 0.01
Director
$0 $0 $0
ROSE J FLENORL DIRECTOR 0.01
Director
$0 $0 $0
T MICHAEL GLENN DIRECTOR 0.01
Director
$0 $0 $0
CHRISTOPHER L HALEY DIRECTOR 0.01
Director
$0 $0 $0
EDWARD A KREI DIRECTOR 0.01
Director
$0 $0 $0
ROBERT H LAMPTON DIRECTOR 0.01
Director
$0 $0 $0
C MATTHEW LUSCO DIRECTOR 0.01
Director
$0 $0 $0
PATRICIA P MCCLURE DIRECTOR 0.01
Director
$0 $0 $0
JOHNNY P MCRIGHT DIRECTOR 0.01
Director
$0 $0 $0
KAREN B MOORE DIRECTOR 0.01
Director
$0 $0 $0
CHARLES W NICHOLSON JR DIRECTOR 0.01
Director
$0 $0 $0
WILFORD A PAYNE III DIRECTOR 0.01
Director
$0 $0 $0
ELIZABETH J RANDALL DIRECTOR 0.01
Director
$0 $0 $0
WILLIAM N REED DIRECTOR 0.01
Director
$0 $0 $0
LEIGH ANNE TUOHY DIRECTOR 0.01
Director
$0 $0 $0
BRUCE E WARE DIRECTOR 0.01
Director
$0 $0 $0
ROBERT L WARNER JR DIRECTOR 0.01
Director
$0 $0 $0
CHARLES WHITE JR DIRECTOR 0.01
Director
$0 $0 $0
BRENT W WOOD DIRECTOR 0.01
Director
$0 $0 $0
WILLIAM D YOUNG DIRECTOR 0.01
Director
$0 $0 $0
GERALD M ABDALLA DIRECTOR 0.01
Director
$0 $0 $0
MORROW BAILEY DIRECTOR 0.01
Director
$0 $0 $0
DEAN J DOUGLAS DIRECTOR 0.01
Director
$0 $0 $0
WILLIAM M HEREFORD DIRECTOR 0.01
Director
$0 $0 $0
JEFFREY P HUBBARD DIRECTOR 0.01
Director
$0 $0 $0
JONATHAN BO JONES DIRECTOR 0.01
Director
$0 $0 $0
WILLIAM MICHAEL MCDONALD SR DIRECTOR 0.01
Director
$0 $0 $0
CHARLES S O'MARA DIRECTOR 0.01
Director
$0 $0 $0
SUZAN B THAMES DIRECTOR 0.01
Director
$0 $0 $0
MAGGIE E ABERNATHY TREASURER/CFO 40.00
Officer
$188,302 $41,321 $229,623
ANNA M LANGLEY VICE PRESIDENT/SECRETARY 40.00
Officer
$165,765 $37,406 $203,171
LANCE FELKER DIRECTOR OF IT 40.00
Highest
$132,250 $31,354 $163,604
CHRISTI BLAND DIRECTOR OF ENDOWMENT 40.00
Highest
$104,000 $26,230 $130,230
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $101,913,234 $53,310,971 $824,349,490 $48,602,263
2023 $95,544,401 $45,448,713 $755,235,379 $50,095,688
2022 $103,931,521 $46,485,556 $681,137,658 $57,445,965
2021 $64,727,887 $76,007,810 $716,526,476 $-11,279,923
2020 $82,053,951 $43,255,250 $603,814,315 $38,798,701
2019 $69,123,445 $39,713,618 $612,293,762 $29,409,827
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