2025-11-17T12:29:45-06:00 2025-06-30 135565207 KPMG LLP 303 PEACHTREE STREET NE SUITE 2000 ATLANTA GA 30308 990 2024-07-01 237310293 UNIVERSITY OF MISSISSIPPI FOUNDATION UNIV 6629155944 406 UNIVERSITY AVENUE OXFORD MS 38655 MAGGIE ABERNATHY CFO/TREASURER 6629155944 2025-11-07 1 0 WHITNEY B HEBRON P01226647 4042223000 2024 2025-03-06 01:10:19Z MAGGIE ABERNATHY 406 UNIVERSITY AVENUE OXFORD MS 38655 261044790 0 X WWW.UMFOUNDATION.COM X 1973 MS SEE SCHEDULE O 37 36 20 37 4884208 0 53389455 94823172 2646332 1740794 45395257 18461443 482190 772637 101913234 115798046 45492749 43708724 0 0 4389520 4256887 307136 184826 2814975 3121566 4088193 53310971 52238630 48602263 63559416 824349490 935677223 37337520 36999599 787011970 898677624 X SEE SCHEDULE O 0 0 18799091 16426797 UNIVERSITY PROGRAMS - TRANSFERS TO THE UNIVERSITY TO BE USED TO PROVIDE NON-ACADEMIC PROGRAMS AND ACTIVITIES, SUCH AS HONORS PROGRAMS, LIBRARIES, AND SPECIAL EVENTS. 11629264 11629263 SCHOLARSHIPS - TRANSFERS TO THE UNIVERSITY FOR DIRECT STUDENT FINANCIAL SUPPORT. 6380227 6380227 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. 9272435 9272435 9272435 9272435 46081017 1 1 0 1 0 1 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 212 0 1 20 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 37 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AR CA CO CT FL LA MD MA MS NH NJ NY OH UT WA WV MI OR X X MAGGIE ABERNATHY 6629155944 406 UNIVERSITY AVENUE OXFORD MS 38655 WENDELL W WEAKLEY PRESIDENT/CEO 40.00 X X 329101 0 78983 MARTHA D DALRYMPLE DIRECTOR 0.01 X 0 0 0 EDWARD G FRANCIS DIRECTOR 0.01 X 0 0 0 LAMPKIN H BUTTS DIRECTOR 0.01 X 0 0 0 DON B CANNADA DIRECTOR 0.01 X 0 0 0 W HUNTER CARPENTER DIRECTOR 0.01 X 0 0 0 MARY SUSAN GALLIEN CLINTON DIRECTOR 0.01 X 0 0 0 LEON COLLINS DIRECTOR 0.01 X 0 0 0 ARTHUR M EDWARDS III DIRECTOR 0.01 X 0 0 0 ROSE J FLENORL DIRECTOR 0.01 X 0 0 0 STEPHANIE HICKMAN DIRECTOR 0.01 X 0 0 0 CHRISTOPHER L HALEY DIRECTOR 0.01 X 0 0 0 EDWARD A KREI DIRECTOR 0.01 X 0 0 0 STEWART L MOTLEY DIRECTOR 0.01 X 0 0 0 C MATTHEW LUSCO DIRECTOR 0.01 X 0 0 0 PATRICIA P MCCLURE DIRECTOR 0.01 X 0 0 0 JOHNNY P MCRIGHT DIRECTOR 0.01 X 0 0 0 KAREN B MOORE DIRECTOR 0.01 X 0 0 0 CHARLES W NICHOLSON JR DIRECTOR 0.01 X 0 0 0 WILFORD A PAYNE III DIRECTOR 0.01 X 0 0 0 ELIZABETH J RANDALL DIRECTOR 0.01 X 0 0 0 WILLIAM N REED DIRECTOR 0.01 X 0 0 0 DAVID T MARTINEAU DIRECTOR 0.01 X 0 0 0 BRUCE E WARE DIRECTOR 0.01 X 0 0 0 ROBERT L WARNER JR DIRECTOR 0.01 X 0 0 0 CHARLES WHITE JR DIRECTOR 0.01 X 0 0 0 BRENT W WOOD DIRECTOR 0.01 X 0 0 0 WILLIAM D YOUNG DIRECTOR 0.01 X 0 0 0 GERALD M ABDALLA DIRECTOR 0.01 X 0 0 0 MORROW BAILEY DIRECTOR 0.01 X 0 0 0 DEAN J DOUGLAS DIRECTOR 0.01 X 0 0 0 WILLIAM M HEREFORD DIRECTOR 0.01 X 0 0 0 JEFFREY P HUBBARD DIRECTOR 0.01 X 0 0 0 JONATHAN BO JONES DIRECTOR 0.01 X 0 0 0 WILLIAM MICHAEL MCDONALD SR DIRECTOR 0.01 X 0 0 0 CHARLES S O'MARA DIRECTOR 0.01 X 0 0 0 SUZAN B THAMES DIRECTOR 0.01 X 0 0 0 MAGGIE E ABERNATHY TREASURER/CFO 40.00 X 195875 0 43783 ANNA M LANGLEY VICE PRESIDENT/SECRETARY 40.00 X 180750 0 41124 LANCE FELKER DIRECTOR OF IT 40.00 X 138500 0 33425 CHRISTI BLAND DIRECTOR OF ENDOWMENT 40.00 X 106838 0 27643 EVAN GREENE ASST DIR OF IT 40.00 X 105908 0 27359 LEE ANN COOPER DIR OF GIFTS RECEIPTING 40.00 X 101022 0 26726 1157994 0 279043 7 0 1 0 WORSHAM BROTHERS INC PO BOX 146 CORINTH MS 38835 CONSTRUCTION PROJECT FOR GROVE ENTRANCE 645742 INNOVATIVE CONSTRUCTION MANAGEMENT PO BOX 1515 OXFORD MS 38655 CONSTRUCTION PROJECT FOR BASEBALL STADIU 357651 UC INNOVATION INC 2261 MARKET STREET STE 86162 SAN FRANCISCO CA 94114 IT SOFTWARE CONVERSION 284166 FUND EVALUATION GROUP 201 EAST FIFTH ST SUITE 1600 CINCINNATI OH 45202 INVESTMENT CONSULTING 220478 CHILDREN'S MIRACLE NETWORK 205 WEST 700 SOUTH SALT LAKE CITY UT 84101 2024 BASE MEMBERSHIP FEE & DIRECT COST 183110 11 691979 993713 93137480 4395479 94823172 EVENT TICKETS 1255956 1255956 OTHER PROGRAM SERVICES 484838 484838 1740794 15020958 4884208 10136750 1041 1041 259000 79627 179373 179373 179373 148102907 144662422 3440485 3440485 3440485 1096918 691979 504695 592223 592223 115798046 1740794 4884208 14349872 43708724 43708724 1157994 1157994 2414574 379446 2035128 550074 550074 134245 134245 263 263 210634 210634 112791 112791 184826 184826 13542 -8708 22250 382377 285607 43314 53456 652151 324883 161577 165691 262345 262345 33063 33063 1092596 794353 11594 286649 152443 152443 102543 102543 ADMINISTRATIVE EXPENSES 696553 696553 UMMC FUND EXPENSES 203763 136788 66975 CREDIT CARD EXPENSE 114213 114213 DUES AND SUBSCRIPTIONS 58916 52601 6315 52238630 46081017 3342638 2814975 17311447 11400587 77637445 110410685 5029519 3315038 1761815 1714481 346673693 395932663 367798018 401198510 13167072 15020297 824349490 935677223 37337520 36999599 37337520 36999599 X 25563854 29726444 761448116 868951180 787011970 898677624 824349490 935677223 X 63559416 47489038 617200 X 0 1 X 1 0 X 44491037 61127666 79640487 53389455 94823172 333471817 44491037 61127666 79640487 53389455 94823172 333471817 28609265 304862552 5707581 12441951 9438489 14570267 15021999 57180287 1455704 2174266 2111673 3297313 2880021 11918977 402571081 11393934 0.75730 0.73920 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER - 2020 AMOUNT: $ 1,455,704. 2021 AMOUNT: $ 2,174,266. 2022 AMOUNT: $ 2,111,673. 2023 AMOUNT: $ 3,297,313. 2024 AMOUNT: $ 2,880,021. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 112791 112791 0 PART II-B, LINE 1: UNIVERSITY OF MISSISSIPPI FOUNDATION PAID SIDNEY ALLEN AND CAROLINE SIMS WITH BUTLER, SNOW ET AL. TO BE A LOBBYIST ON ITS BEHALF. 1 1131825 995238 203426 1 1 0 546367987 18716937 49330675 18716937 594139481 487116020 25492456 48464180 14704669 546367987 442948314 33093062 25434448 14359804 487116020 483635989 14214249 -39631272 15270652 442948314 369714515 11458036 115927503 13464065 483635989 0.04160 0.95840 0 0 300000 300000 3373060 2431532 941528 341996 322235 19761 1014463 561271 453192 1714481 REAL ESTATE TYPE INVESTMENTS 1549117 F POOLED INVESTMENT FUNDS 399649393 F 401198510 FUNDS HELD FOR OTHERS 29462022 REMAINDER TRUST LIABILITES 3207353 OTHER LIABILITIES 4330224 36999599 X 164469946 47489038 1182863 48671901 115798045 0 115798045 52804292 565662 565662 52238630 0 52238630 PART X, LINE 2: ASC 740 FOOTNOTE THE FOUNDATION IS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) AS AN ENTITY DESCRIBED IN SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE, EXCEPT FOR TAXES ON INCOME FROM ACTIVITIES UNRELATED TO ITS EXEMPT PURPOSE. OPEN TAX YEARS ARE THOSE THAT ARE OPEN FOR EXAM BY TAXING AUTHORITIES. MAJOR JURISDICTIONS FOR THE FOUNDATION INCLUDE FEDERAL AND THE STATE OF MISSISSIPPI. AS OF JUNE 30, 2025, OPEN FEDERAL AND MISSISSIPPI TAX YEARS FOR THE FOUNDATION INCLUDE TAX YEARS ENDED JUNE 30, 2022, 2023 AND 2024. THE FOUNDATION HAS NO EXAMINATIONS IN PROGRESS. AS OF JUNE 30, 2025 AND 2024, THERE WERE NO MATERIAL UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE RECLASS 504,695. RENT RECLASS 60,969. CHANGE IN VALUE SPLIT-INTEREST AGREEMENTS 519,018. CHANGE IN CSV OF LIFE INSURANCE 98,181. GAIN ON DISPOSAL OF FIXED ASSETS PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE RECLASS 504,693. RENT RECLASS 60,969. PART V, LINE 4: INTENDED USE OF ORGANIZATION'S ENDOWMENT FUNDS THE FOUNDATION INTENDS TO USE THE ENDOWMENTS FOR THE BENEFIT OF THE UNIVERSITY OF MISSISSIPPI BY PROVIDING FUNDING FOR SCHOLARSHIPS AND OTHER UNIVERSITY ACTIVITIES. X X X X X 1 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 INTERNET SOLICITING 0 721326 30000 691326 MARKETING COMMUNICATIONS RESOURCE 4800 E 345TH ST WILLOUGHBY OH 44094 MAIL SOLICITING 0 651077 82357 568720 WILSON-BENNETT TECHNOLOGY INC PO BOX 717 CABOT AR 72023 PHONE SOLICITING 0 219087 169783 49304 1591490 282140 1309350 AL AK CA CO CT FL GA IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR SC UT WA WV SFA BLACKBERRY FARMS 633706 633706 4000 3500 32000 HARVEST SUPPER 408563 150625 257938 59377 52118 1100 67436 4 746628 541354 205274 33837 41216 4900 205211 1788897 691979 1096918 97214 96834 6000 304647 504695 592223 1 UNIVERSITY OF MISSISSIPPI PO BOX 249 UNIVERSITY MS 38677 646001159 501(C)(3) 28056060 6380227 SEE PART IV UNIVERSITY OF MISS MEDICAL CENTER 750 WOODLANDS PARKWAY SUITE 100 RIDGELAND MS 39157 646008520 501(C)(3) 9272437 500000 SEE PART IV UM MEDICAL CENTEROFFICE OF DEVELOP 2500 NORTH STATE STREET JACKSON MS 39216 640938566 501(C)(3) 0 308703 PROVIDE SCHOLARSHIP AND PROGRAMMATIC SUPPORT TO THE UNIVERSITY COMMUNITY FOUNDATION OF MISSISSIPPI 119 S PRESIDENT STREET 1ST FLOOR JACKSON MS 39201 640845750 501(C)(3) 0 83333 PROVIDE LONG TERM SUPPORT FOR THE COMMUNITY FOUNDATION FOR MISSISSIPPI PO BOX 571 JACKSON MS 39205 202649529 501(C)(3) 0 60000 PROVIDE SUPPORT FOR MS CIVIL RIGHTS MUSEUM 5 PART I, LINE 2: MONITORING PROCEDURES OF GRANT FUNDS IN THE US THE UNIVERSITY OF MISSISSIPPI FOUNDATION DISBURSES FUNDS DIRECTLY TO THE UNIVERSITY OF MISSISSIPPI AS REQUESTED BY DEPARTMENTS WITHIN THE SCHOOL. FUNDS SENT TO THE UNIVERSITY AS A CASH GRANT ARE NOT DISBURSED WITHOUT THE FOUNDATION RECEIVING WRITTEN REQUEST AND PROPER APPROVAL AND AUTHORIZATION FROM THE DESIGNATED DEPARTMENT THE PAYMENT IS TO BENEFIT. THE FOUNDATION DOES NOT MONITOR THE GRANTS DIRECTLY MADE TO THE UNIVERSITY ONCE THE MONEY IS DISBURSED. PART II, LINE 1 PURPOSE OF GRANTS GRANTS PAID TO THE UNIVERSITY OF MISSISSIPPI ACADEMIC EXCELLENCE: $6,380,227; UNIVERSITY SUPPORT: $16,426,797; SCHOLARSHIPS: $11,629,263; GRANTS PAID TO THE UNIVERSITY OF MISSISSIPPI MEDICAL CENTER TO FUND OPERATIONAL EXPENSES OF THE MEDICAL CENTER: $9,272,435. X X 0 0 0 0 0 0 0 0 0 WENDELL W WEAKLEY PRESIDENT/CEO 329101 0 0 0 0 0 53774 0 25209 0 408084 0 0 0 MAGGIE E ABERNATHY TREASURER/CFO 195875 0 0 0 0 0 34590 0 9193 0 239658 0 0 0 ANNA M LANGLEY VICE PRESIDENT/SECRETARY 180750 0 0 0 0 0 31931 0 9193 0 221874 0 0 0 LANCE FELKER DIRECTOR OF IT 138500 0 0 0 0 0 24455 0 8970 0 171925 0 0 0 EVAN GREENE ASST DIR OF IT 105908 0 0 0 0 0 18713 0 8646 0 133267 0 0 0 LEE ANN COOPER DIR OF GIFTS RECEIPTING 101022 0 0 0 0 0 17224 0 9502 0 127748 0 0 0 PART I, LINE 3 IN ORDER TO ESTABLISH THE COMPENSATION OF THE FOUNDATION'S PRESIDENT/CEO, PROPOSED ADJUSTMENTS, IF ANY, ARE PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR INDIVIDUAL APPROVAL. THE FOUNDATION COMPARES THE SALARIES TO COMPARABLE POSITIONS AT THE UNIVERSITY TO DETERMINE ANY LARGE DISPARITIES OR DISCREPANCIES. ADDITIONALLY, THE FOUNDATION HAS A SALARY SURVEY PERFORMED BY A 3RD PARTY FOR UPPER MANAGEMENT TO ENSURE COMPENSATION IS IN LINE WITH OTHER PEER FOUNDATIONS. X 16 26293 RETAIL MARKET VALUE X 10700 ESTIMATE X 4510 ESTIMATE X 79 3707668 ACTUAL X SOFTWARE 2 521500 RETAIL MARKET VALUE X RENTAL SPACE 3 81281 RETAIL MARKET VALUE X FOOD/DRINK 11 25547 RETAIL MARKET VALUE X RECORDS 1 4500 ESTIMATED VALUE X T-SHIRTS 1 4481 ACTUAL COST X GIFT CARDS 26 3555 RETAIL MARKET VALUE X SERVICES 4 1865 ACTUAL COST X TRAVEL 1 1537 ACTUAL COST X EQUIPMENT 1 1000 ESTIMATED VALUE X PROPS 2 755 ACTUAL COST X DECOR 1 187 RETAIL MARKET VALUE X PHOTOS 1 100 ESTIMATED VALUE 0 1 1 PART I, LINE 32B: USE OF THIRD PARTIES UNIVERSITY OF MISSISSIPPI FOUNDATION USES THIRD PARTY STOCK BROKERS TO PROCESS NON-CASH CONTRIBUTIONS. THE FOUNDATION ALSO USES THIRD PARTY VENDORS TO PROCESS ON-LINE GIFTS. FORM 990, PART I, LINE 1: THE FOUNDATION IS RESPONSIBLE FOR RECEIVING, RECEIPTING, INVESTING, AND DISTRIBUTING GIFTS FOR THE BENEFIT OF THE UNIVERSITY OF MISSISSIPPI. FORM 990, PART III, LINE 1: 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. PART III, LINE 4D OTHER PROGRAM SERVICES FUNDS TRANSFERRED FOR UNIVERSITY FACILITIES, SALARY, OFFICE, TRAVEL, PROMOTION, ETC. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE RECEIVES THE FORM 990 FOR REVIEW PRIOR TO FILING OF THE RETURN. THE 990 IS ALSO EMAILED TO EACH MEMBER OF THE GOVERNING BODY PRIOR TO THE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EACH BOARD MEMBER IS REQUIRED TO REVIEW THE FOUNDATION CONFLICT OF INTEREST POLICY. THIS IS DOCUMENTED BY A SIGNED CONFIRMATION STATEMENT FROM EACH MEMBER. FORM 990, PART VI, SECTION B, LINE 15 IN ORDER TO ESTABLISH THE COMPENSATION OF THE FOUNDATION'S PRESIDENT/CEO, PROPOSED ADJUSTMENTS, IF ANY, ARE PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR INDIVIDUAL APPROVAL. THE FOUNDATION COMPARES THE SALARIES TO COMPARABLE POSITIONS AT THE UNIVERSITY TO DETERMINE ANY LARGE DISPARITIES OR DISCREPANCIES. ADDITIONALLY, THE FOUNDATION HAS A SALARY SURVEY PERFORMED BY A 3RD PARTY FOR UPPER MANAGEMENT TO ENSURE COMPENSATION IS IN LINE WITH OTHER PEER FOUNDATIONS. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC AVAILABILITY OF DOCUMENTS - PART VI, LINE 19 THE FOUNDATION GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AS WELL AS POSTED TO THE FOUNDATION WEBSITE AT WWW.UMFOUNDATION.COM. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 519,018. CHANGE IN VALUE OF CASH SURRENDER OF LIFE INSURANCE 98,171. ROUNDING 11. UNIV OF MISS FOUNDATION REALTY LLC 406 UNIVERSITY AVE OXFORD MS 38655 205945758 REAL ESTATE MS 0 225000 UMF MISSISSIPPI COMMON FUND TRUST 406 UNIVERSITY AVENUE OXFORD MS 38655 640875827 FUNDRAISING MS 501(C)(3) PF UMF 1 CHARITABLE REMAINDER UNITRUST (5) 406 UNIVERSITY AVENUE OXFORD MS 38655 TRUST MS UMF T 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISSISSIPPI COMMON FUND TRUST C 41677 CASH RECEIVED