2024-11-14T11:06:32-06:00 2024-06-30 135565207 KPMG LLP 500 W 5TH STREET SUITE 800 WINSTONSALEM NC 27101 990 2023-07-01 237310293 UNIVERSITY OF MISSISSIPPI FOUNDATION UNIV 6629155944 406 UNIVERSITY AVENUE OXFORD MS 38655 MAGGIE ABERNATHY CFO/TREASURER 6629155944 2024-11-13 1 0 WHITNEY B HEBRON P01226647 3362753394 2024-11-12 2023 2024-10-15 13:58:12Z MAGGIE ABERNATHY 406 UNIVERSITY AVENUE OXFORD MS 38655 221718850 0 X WWW.UMFOUNDATION.COM X 1973 MS SEE SCHEDULE O 37 36 18 36 159018 0 79640487 53389455 1266721 2646332 13993897 45395257 643296 482190 95544401 101913234 37976478 45492749 0 0 4395504 4389520 310672 307136 2963316 2766059 3121566 45448713 53310971 50095688 48602263 755235379 824349490 35911749 37337520 719323630 787011970 X SEE SCHEDULE O 0 0 25071321 23509505 2646332 UNIVERSITY PROGRAMS - TRANSFERS TO THE UNIVERSITY TO BE USED TO PROVIDE NON-ACADEMIC PROGRAMS AND ACTIVITIES, SUCH AS HONORS PROGRAMS, LIBRARIES, AND SPECIAL EVENTS. 10872227 10872227 SCHOLARSHIPS - TRANSFERS TO THE UNIVERSITY FOR DIRECT STUDENT FINANCIAL SUPPORT. 5639859 5639859 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. 5471158 5471158 5471158 5471158 47054565 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 1 235 0 1 18 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 X X MAGGIE ABERNATHY 6629155944 406 UNIVERSITY AVENUE OXFORD MS 38655 WENDELL W WEAKLEY PRESIDENT/CEO 40.00 0.00 X X 323414 0 76510 JOHN W BARRETT DIRECTOR 0.01 0.00 X 0 0 0 RAYMOND L BROWN JR DIRECTOR 0.01 0.00 X 0 0 0 LAMPKIN H BUTTS DIRECTOR 0.01 0.00 X 0 0 0 DON B CANNADA DIRECTOR 0.01 0.00 X 0 0 0 W HUNTER CARPENTER DIRECTOR 0.01 0.00 X 0 0 0 MARY SUSAN GALLIEN CLINTON DIRECTOR 0.01 0.00 X 0 0 0 LEON COLLINS DIRECTOR 0.01 0.00 X 0 0 0 ARTHUR M EDWARDS III DIRECTOR 0.01 0.00 X 0 0 0 ROSE J FLENORL DIRECTOR 0.01 0.00 X 0 0 0 T MICHAEL GLENN DIRECTOR 0.01 0.00 X 0 0 0 CHRISTOPHER L HALEY DIRECTOR 0.01 0.00 X 0 0 0 EDWARD A KREI DIRECTOR 0.01 0.00 X 0 0 0 ROBERT H LAMPTON DIRECTOR 0.01 0.00 X 0 0 0 C MATTHEW LUSCO DIRECTOR 0.01 0.00 X 0 0 0 PATRICIA P MCCLURE DIRECTOR 0.01 0.00 X 0 0 0 JOHNNY P MCRIGHT DIRECTOR 0.01 0.00 X 0 0 0 KAREN B MOORE DIRECTOR 0.01 0.00 X 0 0 0 CHARLES W NICHOLSON JR DIRECTOR 0.01 0.00 X 0 0 0 WILFORD A PAYNE III DIRECTOR 0.01 0.00 X 0 0 0 ELIZABETH J RANDALL DIRECTOR 0.01 0.00 X 0 0 0 WILLIAM N REED DIRECTOR 0.01 0.00 X 0 0 0 LEIGH ANNE TUOHY DIRECTOR 0.01 0.00 X 0 0 0 BRUCE E WARE DIRECTOR 0.01 0.00 X 0 0 0 ROBERT L WARNER JR DIRECTOR 0.01 0.00 X 0 0 0 CHARLES WHITE JR DIRECTOR 0.01 0.00 X 0 0 0 BRENT W WOOD DIRECTOR 0.01 0.00 X 0 0 0 WILLIAM D YOUNG DIRECTOR 0.01 0.00 X 0 0 0 GERALD M ABDALLA DIRECTOR 0.01 0.00 X 0 0 0 MORROW BAILEY DIRECTOR 0.01 0.00 X 0 0 0 DEAN J DOUGLAS DIRECTOR 0.01 0.00 X 0 0 0 WILLIAM M HEREFORD DIRECTOR 0.01 0.00 X 0 0 0 JEFFREY P HUBBARD DIRECTOR 0.01 0.00 X 0 0 0 JONATHAN BO JONES DIRECTOR 0.01 0.00 X 0 0 0 WILLIAM MICHAEL MCDONALD SR DIRECTOR 0.01 0.00 X 0 0 0 CHARLES S O'MARA DIRECTOR 0.01 0.00 X 0 0 0 SUZAN B THAMES DIRECTOR 0.01 0.00 X 0 0 0 MAGGIE E ABERNATHY TREASURER/CFO 40.00 0.00 X 188302 0 41321 ANNA M LANGLEY VICE PRESIDENT/SECRETARY 40.00 0.00 X 165765 0 37406 LANCE FELKER DIRECTOR OF IT 40.00 0.00 X 132250 0 31354 CHRISTI BLAND DIRECTOR OF ENDOWMENT 40.00 0.00 X 104000 0 26230 913731 0 212821 5 0 1 0 WETA 3939 CAMPBELL AVENUE ARLINGTON VA 22206 CONSULTING 618188 SHELTON SCHOOL 17301 PRESTON ROAD DALLAS TX 75252 CONSULTING 302830 FUND EVALUATION GROUP 201 EAST FIFTH STREET SUITE 1600 CINCINNATI OH 45202 INVESTMENT CONSULTING 219030 RED WINDOW COMMUNICATIONS LLC 850 INSIGHT PARK AVE 234 UNIVERSITY MS 38677 CONSULTING 199977 JP CORP GENERAL CONTRACTORS 2411 S LAMAR BLVD OXFORD MS 38655 CONTRACTING WORK 199566 10 339084 1405868 51644503 6228866 53389455 EVENT TICKETS 1805280 1805280 OTHER PROGRAM SERVICES 839952 839952 OTHER INCOME 1100 1100 2646332 14278718 159018 14119700 1092 1092 290457 16887 273570 273570 273570 150421991 39824 119345276 0 31076715 39824 31116539 31116539 650981 339084 443453 207528 207528 101913234 2646332 159018 45718429 45492749 45492749 913731 913731 2863292 710355 2152937 491653 491653 120844 120844 6128 6128 219912 219912 62521 62521 307136 307136 199774 199574 200 104795 21571 78932 4292 434805 298604 134962 1239 227117 227117 61776 26084 35692 1102427 821889 9852 270686 162407 162407 92785 92785 UMMC FUND EXPENSES 309504 82959 226545 CREDIT CARD EXPENSE 100102 100102 OTHER 24384 24103 281 DUES AND SUBSCRIPTIONS 13129 7368 5761 53310971 47054565 3293090 2963316 7201218 17311447 77341370 77637445 4924411 3162596 1703736 1761815 240377948 346673693 416732503 367798018 11878604 13167072 755235379 824349490 35911749 37337520 35911749 37337520 X 20391402 25563854 698932228 761448116 719323630 787011970 755235379 824349490 X 48602263 17389143 1696934 X 0 1 X 1 0 X 58663178 44491037 61127666 79640487 53389455 297311823 58663178 44491037 61127666 79640487 53389455 297311823 29701960 267609863 9520188 5707581 12441951 9438489 14570267 51678476 3993021 1455704 2174266 2111673 3297313 13031977 362022276 12508710 0.73920 0.73610 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER - 2019 AMOUNT: $ 3,993,021. 2020 AMOUNT: $ 1,455,704. 2021 AMOUNT: $ 2,174,266. 2022 AMOUNT: $ 2,111,673. 2023 AMOUNT: $ 3,297,313. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 62521 62521 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 1418581 1406446 66773 1 1 0 487116020 25492456 48464180 14704669 546367987 442948314 33093062 25434448 14359804 487116020 483635989 14214249 -39631272 15270652 442948314 369714515 11458036 115927503 13464065 483635989 401356097 10357996 -29755419 12244159 369714515 0.04300 0.95700 0 0 300000 300000 3281940 2310356 971584 330103 316866 13237 1012368 535374 476994 1761815 REAL ESTATE TYPE INVESTMENTS 1549117 F POOLED INVESTMENT FUNDS 366248901 F 367798018 FUNDS HELD FOR OTHERS 30659907 REMAINDER TRUST LIABILITES 2952569 OTHER LIABILITIES 3725044 37337520 X 121400308 17389143 2097931 19487074 101913234 0 101913234 53711968 400997 400997 53310971 0 53310971 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, 2024, OPEN FEDERAL AND MISSISSIPPI TAX YEARS FOR THE FOUNDATION INCLUDE TAX YEARS ENDED JUNE 30, 2021, 2022 AND 2023. THE FOUNDATION HAS NO EXAMINATIONS IN PROGRESS. AS OF JUNE 30, 2024 AND 2023, THERE WERE NO MATERIAL UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE RECLASS 443,454. RENT RECLASS 16,886. CHANGE IN VALUE SPLIT-INTEREST AGREEMENTS 1,555,229. CHANGE IN CSV OF LIFE INSURANCE 122,186. GAIN ON DISPOSAL OF FIXED ASSETS -39,824. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE RECLASS 443,454. RENT RECLASS -42,457. 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 CHILDREN'S MIRACLE NETWORK 205 WEST 700 SOUTH SALT LAKE CITY UT 84101 MAIL SOLICITING 0 1643193 181758 1461435 MARKETING COMMUNICATIONS RESOURCE 4800 E 345TH ST WILLOUGHBY OH 44094 MAIL SOLICITING 0 686149 86059 600090 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 INTERNET SOLICITING 0 631854 30000 601854 WILSON-BENNETT TECHNOLOGY INC PO BOX 717 CABOT AR 72023 PHONE SOLICITING 0 210768 186594 24174 3171964 484411 2687553 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 348812 348812 5000 38500 MC THE MIND CENTER SANTE SOUTH 267904 200600 67304 16628 140164 3 373349 138484 234865 48325 68256 10300 116280 990065 339084 650981 48325 89884 10300 294944 443453 207528 1 UNIVERSITY OF MISSISSIPPI 236 LYCEUM UNIVERSITY OXFORD MS 38677 646001159 501(C)(3) 34381732 5639859 SEE PART IV UNIVERSITY OF MISS MEDICAL CENTER 2500 NORTH STATE STREET JACKSON MS 39216 646008520 501(C)(3) 5471158 0 SEE PART IV 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: $5,639,859; UNIVERSITY SUPPORT: $23,509,505; SCHOLARSHIPS: $10,872,227; GRANTS PAID TO THE UNIVERSITY OF MISSISSIPPI MEDICAL CENTER TO FUND OPERATIONAL EXPENSES OF THE MEDICAL CENTER: $5,471,158. X X 0 0 0 0 0 0 0 0 0 WENDELL W WEAKLEY PRESIDENT/CEO 323414 0 0 0 0 0 52209 0 24301 0 399924 0 0 0 MAGGIE E ABERNATHY TREASURER/CFO 188302 0 0 0 0 0 32756 0 8565 0 229623 0 0 0 ANNA M LANGLEY VICE PRESIDENT/SECRETARY 165765 0 0 0 0 0 28841 0 8565 0 203171 0 0 0 LANCE FELKER DIRECTOR OF IT 132250 0 0 0 0 0 23012 0 8342 0 163604 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 17 71200 RETAIL MARKET VALUE X 55719 ESTIMATE X 12387 ESTIMATE X 71 5218102 ACTUAL X 5 39354 RETAIL MARKET VALUE X SOFTWARE 3 684850 RETAIL MARKET VALUE X RENTAL SPACE 1 87000 RETAIL MARKET VALUE X PIPE ORGAN 1 49000 APPRAISAL X EQUIPMENT 1 5056 RETAIL MARKET VALUE X RIFLES 1 3797 ACTUAL COST X STERLING SILVERWARE 1 2400 ACTUAL COST 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 1,555,229. CHANGE IN VALUE OF CASH SURRENDER OF LIFE INSURANCE 122,186. GAIN ON DISPOSAL OF FIXED ASSETS -39,824. OTHER RECONCILIATION ITEM 59,343. 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 318150 CASH RECEIVED