2012-03-02T16:08:32-06:00 2011-06-30 KPMG LLP 50 North Front Street Suite 900 Memphis TN 38103 990 2010-07-01 237310293 UNIVERSITY OF MISSISSIPPI FOUNDATION UNIV 6629155944 POST OFFICE BOX 249 MEMORY HOUSE UNIVERSITY MS 386770249 MAGGIE ABERNATHY 6629155944 2012-01-10 true 9015233131 2010 2016-02-24 21:20:13Z Mr Wendell Weakley UNIV OF MS FOUNDATION UNIVERSITY MS 38677 134609396 false X WWW.UMF.OLEMISS.EDU X 1973 MS THE FOUNDATION IS RESPONSIBLE FOR RECEIVING, RECEIPTING,INVESTING, AND DISTRIBUTING GIFTS FOR THE BENEFIT OF THE UNIVERSITY OF MISSISSIPPI 28 26 17 28 0 34630 24104783 26304673 3067129 1566752 7799693 9369176 427180 354264 35398785 37594865 29287292 45669206 0 0 1258736 1403196 375205 352949 1076324 2675702 2163283 33596935 49588634 1801850 -11993769 324520900 344875851 38688419 38517215 285832481 306358636 X 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. false false 11053328 11053328 UNIVERSITY PROGRAMS - TRANSFERS TO THE UNIVERSITY TO BE USED TO PROVIDE NON-ACADEMIC PROGRAMS AND ACTIVITIES, SUCH AS HONORS PROGRAMS, LIBRARIES, AND SPECIAL EVENTS 7257213 7257213 SCHOLARSHIPS - TRANSFERS TO THE UNIVERSITY FOR DIRECT STUDENT FINANCIAL SUPPORT. 4275900 4275900 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. 23718241 23082765 46304682 true true false false false false false false true true true false false true false true false false false false false false true true false false true false true false false false false false false false false true true false false true true true false false false true 55 0 true 17 true true true false false false false false false false false false X 28 26 true false false false false false false true true false false true true true true true true false false false MS X X MAGGIE ABERNATHY 6629153851 406 UNIVERSITY AVENUE OXFORD MS 38655 X WENDELL W WEAKLEY 40.0 X X 196765 0 44192 ROBERT R BAILESS 0.01 X LOUIS K BRANDT 0.01 X DAVID E BREVARD 0.01 X CHARLES T CANNADA 0.01 X JAMES O CARPENTER 0.01 X MEREDITH W CREEKMORE 0.01 X JAN G FARRINGTON 0.01 X ROGER P FRIOU 0.01 X MARTHA DALE FRITTS 0.01 X T MICHAEL GLENN 0.01 X JAMIE G HOUSTON 0.01 X MICHAEL T MCREE 0.01 X ELIZABETH W QUIRK 0.01 X SUZAN THAMES 0.01 X JON C TURNER 0.01 X ALLEN H CROSSWELL 0.01 X WILLIAM T MAY 0.01 X MARKEEVA A MORGAN 0.01 X BRYAN BARKSDALE 0.01 X 0 643930 0 ROLAND O BURNS JR 0.01 X C YORK CRAIG JR 0.01 X SAMUEL B HASKELL III 0.01 X SALLY H HEDERMAN 0.01 X ABBY M MANNING 0.01 X ROBERT SEIBELS III 0.01 X JOHN SUMNER 0.01 X RICHARD G NOBLE 0.01 X SANDRA M GUEST 40.0 X 113822 23979 MAGGIE E ABERNATHY 40.0 X 61875 14871 RONNIE D GUEST 40.0 X 111663 23635 484125 643930 106677 3 false true false DRJKIM SESSUMS 514 WCHIPPEWA BROOKHAVEN MS 39601 SCULPTOR 145000 RUFFALO CODY PO BOX 3018 CEDAR RAPIDS IA 52406 FUNDRAISING 282514 2 3290993 23013680 2621176 26304673 UMMC PROGRAM REIMBURSEMENTS 611710 1046659 1046659 FOOTBALL GAME TICKETS 611710 378622 378622 CONTINUING EDUCATION FEES 611430 102150 102150 CREDIT CARD FEE INCOME 611710 11018 11018 STUDENT LOAN INTEREST INCOME 611430 7554 7554 20749 20749 1566752 8805136 8805136 0 5602 5602 1059177 740135 319042 319042 319042 96799591 96235551 564040 564040 564040 61876 38845 23031 23031 0 0 LIFE INSURANCE PROCEEDS 525100 6589 6589 6589 37594865 1566752 9723440 45669206 45669206 0 0 0 508316 508316 0 578709 18002 503709 56998 150120 150120 94178 94178 71873 71873 0 0 115623 115623 0 352949 352949 415793 415793 0 251934 3500 248434 268511 120763 68877 78871 63790 31895 31895 0 24025 1610 15166 7249 757656 491601 15149 250906 0 38538 38538 0 0 139232 139232 39025 39025 OTHER 32288 32288 DUES AND SUBSCRIPTIONS 3216 3216 UMMC FUND EXPENSES 13652 3168 10484 49588634 46304682 2207628 1076324 8862840 6878425 19394674 20660408 3330030 1446127 1992201 1883903 223200571 206931261 56327045 92786515 14743569 15735339 324520900 344875851 38688419 38517215 38688419 38517215 X 4806645 7720791 130827278 139550955 150198558 159086890 285832481 306358636 324520900 344875851 X -11993769 32519924 X false true true X false X false false false 26517989 30893175 29102427 24104783 26304673 136923047 26517989 30893175 29102427 24104783 26304673 136923047 26550916 110372131 11582344 14112380 10435612 10195810 9869915 56196061 34630 34630 11609476 2090112 1377595 26144 6589 15109916 208263654 5738582 0.52996 0.51501 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 184023095 7781885 34250933 6891400 219164513 154131254 9961425 23697783 3767367 184023095 186234060 7309781 -30375798 9036789 154131254 0.00073 0.71030 0.29043 false false 300000 300000 3030030 1446127 1583903 1883903 CERTIFICATES OF DEPOSIT 210877 F REAL ESTATE TYPE INVESTMENTS 19620613 F HEDGE AND VENTURE FUNDS 72955025 F 92786515 0 FUNDS HELD FOR OTHERS 20570386 REMAINDER TRUST LIABILITIES 4936295 OTHER LIABILITIES 13010534 38517215 37594865 49588634 -11993769 31835922 684002 32519924 20526155 70509959 31835922 684002 32519924 37990035 -395170 -395170 37594865 49983804 49983804 -395170 -395170 49588634 INTENDED USE OF ORGANIZATION'S ENDOWMENT FUNDS PART V, LINE 4 THE FOUNDATION INTENDS TO USE THE ENDOWMENTS FOR THE BENEFIT OF THE UNIVERSITY OF MISSISSIPPI BY PROVIDING FUNDING FOR SCHOLARSHIPS AND OTHER UNIVERSITY ACTIVITIES. OTHER RECONCILIATION BETWEEN NET ASSETS, FINANCIAL STMTS, AND RETURN PART XI, LINE 8 AND PART XII, LINE 2D CHANGE IN VALUE OF THE UNREALIZED INVESTMENT IN SPLIT INTEREST AGREEMENTS AND CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES. OTHER RECONCILIATION BETWEEN NET ASSETS, FINANCIAL STMTS, AND RETURN PART XII, LINE 4B INVESTMENT MANAGEMENT FEES THAT ARE NETTED WITH INTEREST AND DIVIDEND INCOME IN THE AUDITED FINANCIAL STATEMENT, BUT NOT REPORTED SEPARATELY FOR TAX RETURN PURPOSES IN PART VIII, LINE 3: 415,793; RENTAL EXPENSES THAT ARE NETTED WITH RENTAL INCOME IN PART VIII, LINE 6, BUT REPORTED SEPARATELY AS AN EXPENSE FOR AUDITED FINANCIAL STATEMENT PURPOSES: (740,135); CREDIT CARD INCOME THAT IS REPORTED NET OF CREDIT CARD EXPENSES IN PART IX, LINE 24B: (31,982); FUNDRAISING EXPENSES THAT ARE REPORTED NET OF FUNDRAISING INCOME INC PART VIII, LINE 12, BUT REPORTED SEPARATELY AS AN EXPENSE FOR AUDITED FINANCIAL STATEMENT PURPOSES: (38,846). OTHER RECONCILIATION OF EXPENSES PER AFS WITH EXPENSES ON RETURN PART XIII, LINE 4B INVESTMENT MANAGEMENT FEES THAT ARE NETTED WITH INTEREST AND DIVIDEND INCOME IN THE AUDITED FINANCIAL STATEMENTS, BUT ARE SHOWN SEPARATELY FOR TAX RETURN PURPOSES ON PART IX, LINE 11F: 415,793; RENTAL EXPENSES THAT ARE NETTED WITH RENTAL INCOME IN PART VIII, LINE 6 BUT REPORTED SEPARATELY AS EXPENSES FOR AUDITED FINANCIAL STATEMENT PURPOSES: (740,135).CREDIT CARD INCOME THAT IS REPORTED NET OF CREDIT CARD EXPENSES IN PART IX, LINE 24B: (31,982); FUNDRAISING EXPENSES THAT ARE REPORTED NET OF FUNDRAISING INCOME INC PART VIII, LINE 12, BUT REPORTED SEPARATELY AS AN EXPENSE FOR AUDITED FINANCIAL STATEMENT PURPOSES: (38,846). X X X X true RUFFALO CODY PHONE SOLICITING false 495822 282514 213308 MAHAFFAY'S QUALITY PRINTING MAIL SOLICITING false 237221 39765 197456 733043 322279 410764 MS UMMC TASTE 48581 32398 16183 4175 259 4396 KENTUCKY DERBY 13975 1625 12350 4407 5000 2975 500 3317 1 53208 19865 33343 1500 8642 1902 1772 115764 53888 61876 10082 13901 4877 500 9485 38845 23031 true UNIVERSITY OF MISSISSIPPI 216 LYCEUM UNIVERSITY MS 38677 646001159 501(c)(3) 43336685 SEE PART IV UNIVERSITY OF MISSISSIPPI MEDICAL CENTER 2500 NORTH STATE STREET JACKSON MS 39216 646008520 501(C)(3) 2097215 SEE PART IV UNIVERSITY OF MISSISSIPPI 216 LYCEUM UNIVERSITY MS 38677 646001159 501(c)(3) 235306 COMP SALES VARIOUS SEE PART IV 2 MONITORING PROCEDURES OF FUNDS IN THE US PART I, LINE 2 THE UNIVERSITY OF MISSISSIPPI FOUNDATION DISBURSES FUNDS DIRECTLY TO THE UNIVERYITY 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 UNIVERSITY DOES NOT MONITOR THE GRANTS DIRECTLY MADE TO THE UNIVERSITY ONCE TO MONEY IS DISBURSED. PURPOSE OF GRANTS PART II, LINE 1 GRANTS PAID TO THE UNIVERSITY OF MISSISSIPPI ACADEMIC EXCELLENCE: 4,275,900, UNIVERSITY SUPPORT: 11,053,328: SCHOLARSHIPS: 7,257,213 ALL OTHER UNIVERSITY GRANTS: 20,750,244 VARIOUS NON-CASH ASSETS: 235,306. GRANTS PAID TO THE UNIVERSITY OF MISSISSIPPI MEDICAL CENTER TO FUND OPERATIONAL EXPENSES OF THE MEDICAL CENTER:2,097,215. X false false false false false false false false false WENDELL W WEAKLEY 196765 0 0 0 0 0 29515 0 14977 0 241257 0 0 0 BRYAN BARKSDALE 0 643930 0 0 0 0 0 0 0 0 0 643930 0 0 X 1 17448 ACTUAL COST X 175236 COMPARABLE SALES X 39 1818180 AVERAGE HIGH-LOW X 3 584300 APPRAISAL X 2 3495 APPRAISAL X TABLECLOTHS 1 100 ACTUAL COST X RECEPTION 1 2452 ACTUAL COST X FILM,DVD,VIDEO 5 615 APPRAISAL X CORRESPONDENCE 2 19350 APPRAISAL 8 false true false OTHER PROGRAM SERVICES PART III, LINE 4D OTHER PROGRAM EXPENSES - FUNDS TRANSFERRED FOR UNIVERSITY FACILITIES, SALARY, OFFICE, TRAVEL, PROMOTION, ETC. COMPLIANCE POLICY PART VI, 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. 990 REVIEW PART VI, LINE 11A AS PER THE FOUNDATION BY-LAWS AND THE CHARTER OF THE AUDIT COMMITTEE, THE AUDIT COMMITTEE REVIEWS THE FORM 990 WITH FOUNDATION MANAGEMENT. THIS IS DOCUMENTED IN THE COMMITTEE MINUTES. THE 990 IS EMAILED TO EACH MEMBER OF THE GOVERNING BODY PRIOR TO THE FILING OF THE TAX RETURN. 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. FAMILY RELATIONSHIP PART VI, LINE 2 SANDRA M. GUEST, VICE-PRESIDENT/SECRETARY AND RONNIE D. GUEST, DIRECTOR OF FOUNDATION SERVICES HAVE A FAMILY RELATIONSHIP. CHANGES IN NET ASSETS PART XI LINE 5 UNREALIZED GAIN/(LOSS) ON INVESTMENTS $31,835,922 CHANGE IN VALUE OF CASH SURRENDER AGREEMENTS $584,761 CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES $99,241 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:BRYAN BARKSDALE TITLE:DIRECTOR HOURS:40 UNIV OF MISS FOUNDATION REALTY LLC PO Box 249 UNIVERSITY MS 38677 205945758 REAL ESTATE MS 10803000 UMF ISOM PLACE LLC PO Box 249 UNIVERSITY MS 38677 640865754 FACILITY RENT MS 9800 803230 UMF MISSISSIPPI COMMON FUND TRUST POST OFFICE BOX 249 MEMORY HOUSE UNIVERSITY MS 38677 640875827 FUNDRAISING MS 501(C)(3) PF UMF UNIVERSITY OF MISSISSIPPI 216 LYCEUM UNIVERSITY MS 38677 646001159 PUBLIC UNIV MS 501(C)(3) 509(a)(1) NA UNIVERSITY OF MISSISSIPPI MEDICAL CENTER 2500 NORTH STATE STREET JACKSON MS 39216 646008520 MEDICAL UNIV MS 501(C)(3) 509(a)(1) NA DR AND MRS RALPH BROCK CRUT PO BOX 249 UNIVERSITY MS 38677 646217012 TRUST MS UMF TRUST 0 0 BECKETT & MARY HARTWELL HOWORTH CRUT PO BOX 249 UNIVERSITY MS 38677 646224338 TRUST MS UMF TRUST 0 0 BEVERLY B WALLER CRUT PO BOX 249 UNIVERSITY MS 38677 581893866 TRUST MS UMF TRUST 0 0 CHARLES AND SARAH W CARMICHAEL CRUT PO BOX 249 UNIVERSITY MS 38677 206400164 TRUST MS UMF TRUST 0 0 DR BLAIR E BATSON 2002 CRUT PO BOX 249 UNIVERSITY MS 38677 486398401 TRUST MS UMF TRUST 0 0 DR JOHN M PEARSON 2000 CRUT PO BOX 249 UNIVERSITY MS 38677 912133078 TRUST MS UMF TRUST 0 0 ELIZABETH CUMMINGS FORTUNE CLUT #2 PO BOX 249 UNIVERSITY MS 38677 646213195 TRUST MS UMF TRUST 0 0 ELMO HOWELL CRAT PO BOX 249 UNIVERSITY MS 38677 646220324 TRUST MS UMF TRUST 0 0 ELMO HOWELL CRAT II PO BOX 249 UNIVERSITY MS 38677 736345578 TRUST MS UMF TRUST 0 0 JESSIE D PUCKETT JR CRUT PO BOX 249 UNIVERSITY MS 38677 646214363 TRUST MS UMF TRUST 0 0 JOHN & MARY KEETON UNITRUST PO BOX 249 UNIVERSITY MS 38677 486398400 TRUST MS UMF TRUST 0 0 JOHN & MARGARET KEETON JR CRUT #2 PO BOX 249 UNIVERSITY MS 38677 206399981 TRUST MS UMF TRUST 0 0 JOHN & MARGARET KEETON CRUT III PO BOX 249 UNIVERSITY MS 38677 207274306 TRUST MS UMF TRUST 0 0 LUCIAN S MINOR 2001 CRAT PO BOX 249 UNIVERSITY MS 38677 900036090 TRUST MS UMF TRUST 0 0 LUCIAN S MINOR CRAT PO BOX 249 UNIVERSITY MS 38677 726176569 TRUST MS UMF TRUST 0 0 ROSE CALIFF GROSS CHARITABLE TRUST PO BOX 249 UNIVERSITY MS 38677 486398396 TRUST MS UMF TRUST 0 0 ROY & SEREDA SHEFFIELD 2003 CRAT PO BOX 249 UNIVERSITY MS 38677 876265424 TRUST MS UMF TRUST 0 0 SALLIE & BRUCE DILLINGHAM JR 1999 CRUT PO BOX 249 UNIVERSITY MS 38677 912054322 TRUST MS UMF TRUST 0 0 T A LILES JR CRUT PO BOX 249 UNIVERSITY MS 38677 646217246 TRUST MS UMF TRUST 0 0 VIRGINIA M DEIBERT CRUT PO BOX 249 UNIVERSITY MS 38677 646205111 TRUST MS UMF TRUST 0 0 WILL A & DEWEY HICKMAN 1996 CRUT PO BOX 249 UNIVERSITY MS 38677 726176567 TRUST MS UMF TRUST 0 0 LUCIAN S & MARY W MINOR CRAT PO BOX 249 UNIVERSITY MS 38677 266259159 TRUST MS UMF TRUST 0 0 JOHN & MARGARET KEETON JR CRUT IV PO BOX 249 UNIVERSITY MS 38677 266259269 TRUST MS UMF TRUST 0 0 ROY AND SEREDA SHEFFIELD 2011 CRAT PO BOX 249 UNIVERSITY MS 38677 456347501 TRUST MS UMF TRUST 0 0 false true true false false false false false true false true false true true false false false false UNIVERSITY OF MISSISSIPPI B 43571991 UNIVERSITY OF MISSISSIPPI MEDICAL CENTER B 2097215 MISSISSIPPI COMMON FUND TRUST C 3290993 UNIVERSITY OF MISSISSIPPI I 144765 UNIVERSITY OF MISSISSIPPI K 325500 UNIVERSITY OF MISSISSIPPI N 101461