The University of South Alabama Foundation’s mission is to support the University and its academic programs, through support of scholarships, faculty and academic programs.
More than $178 Million has been contributed by the USA Foundation since 1990 in support of the University of South Alabama, its students, faculty and academic programs.
The contributions of $178 Million include:
- $22.13 Million to support scholarships for students;
- $71.87 Million to support faculty; and
- $84.20 Million to support academic programs.
Net assets at December 31, 2018, were $365,971,000.
Philosophy of Endowment Foundations
The philosophy of endowment foundations is to provide for today’s needs while maintaining and preserving permanent assets for future support.
An endowment foundation balances these two divergent requirements of endowment accumulation while providing an incremental source of funds to allow the University to be one of excellence in academic programs, acting in a prudent manner to meet both objectives.