EIN 23-7310293

University of Mississippi Foundation

IRS 501(c) type
501(c)(3)
Num. employees
18
City
Oxford
Year formed
1973
Most recent tax filings
2023-06-01
Description
The Foundation is responsible for receiving, receipting, investing and distributing all gifts for the benefit of the University of Mississippi.
Total revenues
$95,544,401
2023
Total expenses
$45,448,713
2023
Total assets
$755,235,379
2023
Num. employees
18
2023

Program areas at University of Mississippi Foundation

University programs - transfers to the University to be used to provide non-academic programs and activities, such as honors programs, libraries, and special events.
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.
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.

Grants made by University of Mississippi Foundation

GranteeGrant descriptionAmount
University of MississippiSee Part Iv$32,873,802

Who funds University of Mississippi Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Mississippi Common Fund TrustProvide Scholarship and Programmatic Support To the University$2,612,750
National Rural Electric Coop Association (NRECA)Provide Support for Higher Education$2,065,000
Mr and MRS E H Sumners FoundationEducational$1,974,298
...and 86 more grants received totalling $16,504,147

Personnel at University of Mississippi Foundation

NameTitleCompensation
Wendell W WeakleyPresident and Chief Executive Officer$310,069
Maggie AbernathyChief Financial Officer and Treasurer$173,000
Hannah CarrollDirector of Finance and Accounting
Hesham BaeshenAssistant Director of Information Technology
Lance FelkerDirector of It$127,250
...and 6 more key personnel

Financials for University of Mississippi Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$79,640,487
Program services$1,266,721
Investment income and dividends$9,196,365
Tax-exempt bond proceeds$0
Royalty revenue$4,624
Net rental income$157,250
Net gain from sale of non-inventory assets$4,797,532
Net income from fundraising events$481,422
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$95,544,401

Form 990s for University of Mississippi Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062023-11-17990View PDF
2022-062022-11-11990View PDF
2021-062021-11-12990View PDF
2020-062021-04-02990View PDF
2019-062021-01-27990View PDF
...and 9 more Form 990s

Organizations like University of Mississippi Foundation

OrganizationLocationRevenue
University of Illinois FoundationChampaign, IL$450,262,389
University of Arizona FoundationTucson, AZ$221,291,216
Kansas State University FoundationManhattan, KS$185,341,726
Oklahoma State University FoundationStillwater, OK$281,473,035
The University of Florida FoundationGainesville, FL$200,529,178
Florida International University FoundationMiami, FL$44,931,282
Washington State University Foundation (WSU)Pullman, WA$106,044,352
Boise State University FoundationBoise, ID$40,142,108
University of South Carolina Educational FoundationColumbia, SC$64,081,466
University of Maine FoundationOrono, ME$40,999,640
Data update history
August 25, 2024
Received grants
Identified 24 new grant, including a grant for $764,104 from Friends of Children's Hospital
May 18, 2024
Received grants
Identified 37 new grant, including a grant for $2,612,750 from Mississippi Common Fund Trust
December 29, 2023
Posted financials
Added Form 990 for fiscal year 2023
December 29, 2023
Updated personnel
Identified 3 new personnel
October 26, 2023
Received grants
Identified 16 new grant, including a grant for $2,420,000 from National Rural Electric Coop Association (NRECA)
Nonprofit Types
Grantmaking organizationsSchoolsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Operates donor advised fundsProvides grantsLobbyingFundraising eventsState / local levelEndowed supportTax deductible donationsAccepts online donations
General information
Address
406 University Ave
Oxford, MS 38655
County
Lafayette County, MS
Website URL
umfoundation.com/ 
Phone
(662) 915-5944
IRS details
EIN
23-7310293
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1973
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B80: Student Services and Organizations of Students
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Central organization
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