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 87 more grants received totalling $16,333,130

Personnel at University of Mississippi Foundation

NameTitleCompensation
Wendell WeakleyPresident and Chief Executive Officer$310,069
Maggie AbernathyTreasurer and Chief Financial Officer$173,000
Hannah CarrollDirector of Finance and Accounting
Hesham BaeshenAssistant Director of Information Technology
Lance FelkerDirector of Information Technology$127,250
...and 5 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
Washington State University Foundation (WSU)Pullman, WA$106,044,352
Florida International University FoundationMiami, FL$44,931,282
Boise State University FoundationBoise, ID$40,142,108
University of South Carolina Educational FoundationColumbia, SC$64,081,466
UWM FoundationMilwaukee, WI$26,737,937
Data update history
September 26, 2024
Updated personnel
Identified 13 new personnel
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
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
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
CT0188155
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2024-11-06
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