2022-11-11T12:10:15-06:00 2022-06-30 135565207 KPMG LLP 500 W 5TH STREET SUITE 800 WINSTONSALEM NC 27101 990 2021-07-01 237310293 UNIVERSITY OF MISSISSIPPI FOUNDATION UNIV 6629155944 406 UNIVERSITY AVENUE OXFORD MS 38655 MAGGIE ABERNATHY TREASURER 6629155944 2022-11-09 1 MAGGIE ABERNATHY 999009999 WHITNEY B HEBRON P01226647 3362753394 2022-11-09 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z MAGGIE ABERNATHY 406 UNIVERSITY AVENUE OXFORD MS 38655 254893354 0 X WWW.UMFOUNDATION.COM X 1973 MS SEE SCHEDULE O 37 36 20 36 -1856421 0 44491037 61127666 1392323 1246934 18731334 40932441 113193 624480 64727887 103931521 70241272 38142578 0 0 3631601 3923605 103185 437124 2547214 2031752 3982249 76007810 46485556 -11279923 57445965 716526476 681137658 36121483 32869022 680404993 648268636 X SEE SCHEDULE O 0 0 18186557 15239742 1246934 UNIVERSITY PROGRAMS - TRANSFERS TO THE UNIVERSITY TO BE USED TO PROVIDE NON-ACADEMIC PROGRAMS AND ACTIVITIES, SUCH AS HONORS PROGRAMS, LIBRARIES, AND SPECIAL EVENTS. 9397619 9397619 SCHOLARSHIPS - TRANSFERS TO THE UNIVERSITY FOR DIRECT STUDENT FINANCIAL SUPPORT. 7869403 7869403 UMMC - TRANSFERS TO THE MEDICAL CENTER TO PROVIDE SUPPORT FOR CONSTRUCTION ACTIVITIES AND NON-ACADEMIC PROGRAMS. 5635814 5635814 5635814 5635814 41089393 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 1 146 0 1 20 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 X X MAGGIE ABERNATHY 6629155944 406 UNIVERSITY AVENUE OXFORD MS 38655 WENDELL W WEAKLEY PRESIDENT/CEO 40.00 0.00 X X 279671 0 65156 JOHN W BARRETT DIRECTOR 0.01 0.00 X 0 0 0 JOHN L BLACK JR DIRECTOR 0.01 0.00 X 0 0 0 RAYMOND L BROWN JR DIRECTOR 0.01 0.00 X 0 0 0 LARRY H BRYAN DIRECTOR 0.01 0.00 X 0 0 0 ROLAND O BURNS JR DIRECTOR 0.01 0.00 X 0 0 0 LAMPKIN BUTTS DIRECTOR 0.01 0.00 X 0 0 0 CHARLES CANNADA DIRECTOR 0.01 0.00 X 0 0 0 MARY SUSAN CLINTON DIRECTOR 0.01 0.00 X 0 0 0 MAJOR GENERAL LEON COLLINS DIRECTOR 0.01 0.00 X 0 0 0 ALLEN H CROSSWELL DIRECTOR 0.01 0.00 X 0 0 0 MIKE L DUCKER DIRECTOR 0.01 0.00 X 0 0 0 ARTHUR M EDWARDS III DIRECTOR 0.01 0.00 X 0 0 0 S LAWRENCE FARRINGTON DIRECTOR 0.01 0.00 X 0 0 0 BILL A GEARY DIRECTOR 0.01 0.00 X 0 0 0 T MICHAEL GLENN DIRECTOR 0.01 0.00 X 0 0 0 MARY DONNELLY HASKELL DIRECTOR 0.01 0.00 X 0 0 0 JAMIE G HOUSTON DIRECTOR 0.01 0.00 X 0 0 0 DR JAMES E KEETON 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 PATRICIA P MCCLURE DIRECTOR 0.01 0.00 X 0 0 0 JOHNNY P MCRIGHT DIRECTOR 0.01 0.00 X 0 0 0 GUY W MOORE JR 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 RENVY G PITTMAN DIRECTOR 0.01 0.00 X 0 0 0 ELIZABETH J RANDALL DIRECTOR 0.01 0.00 X 0 0 0 BILL REED DIRECTOR 0.01 0.00 X 0 0 0 JOE FRANK SANDERSON JR DIRECTOR 0.01 0.00 X 0 0 0 LEIGH ANNE TUOHY DIRECTOR 0.01 0.00 X 0 0 0 LIZ TRIPLETT WALKER DIRECTOR 0.01 0.00 X 0 0 0 BRUCE E WARE DIRECTOR 0.01 0.00 X 0 0 0 DR ROBERT L WARNER JR DIRECTOR 0.01 0.00 X 0 0 0 CHARLES R WHITE 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 MAGGIE E ABERNATHY TREASURER/CFO 40.00 0.00 X 161000 0 36626 ANNA LANGLEY VICE PRESIDENT/SECRETARY 40.00 0.00 X 130500 0 31168 LANCE FELKER DIRECTOR OF IT 40.00 0.00 X 121500 0 29524 692671 0 162474 4 0 1 0 SHELTON SCHOOL 17301 PRESTON ROAD DALLAS TX 75252 CONSULTING 724273 WETA 3939 CAMPBELL AVENUE ARLINGTON VA 22206 CONSULTING 241807 FUND EVALUATION GROUP 201 EAST FIFTH STREET SUITE 1600 CINCINNATI OH 45202 INVESTMENT CONSULTING 233852 MAINSTAGE THEATRICAL SUPPLY INC PO BOX 10609 PENSACOLA FL 32524 CONSTRUCTION 167441 CHILDREN'S MIRACLE NETWORK 205 WEST 700 SOUTH SALT LAKE CITY UT 84101 PROFESSIONAL FUNDRAISING 160267 12 350033 4792450 55985183 6024385 61127666 EVENT TICKETS 1085157 1085157 OTHER PROGRAM SERVICES 161777 161777 1246934 12212933 -1856421 14069354 1518 1518 227500 94078 133422 133422 133422 179148415 1056 150429963 0 28718452 1056 28719508 28719508 927332 664700 437792 489540 489540 103931521 1246934 -1856421 43413342 38142578 38142578 775616 775616 2596643 703162 1893481 270734 270734 168811 168811 111801 111801 3581 3581 166366 166366 62769 62769 437124 437124 409334 409334 82273 33493 45027 3753 404408 277654 126048 706 67712 67712 66709 66709 679039 474163 11119 193757 156027 156027 94653 94653 OTHER 1604857 1604857 UMMC FUND EXPENSES 92671 74278 18393 CREDIT CARD EXPENSE 78572 78572 DUES AND SUBSCRIPTIONS 13278 5973 7305 46485556 41089393 2848949 2547214 11411775 8037212 73619230 77561666 4718311 2887236 1971997 1831075 132358585 152711116 484071602 429186381 13093287 11810208 716526476 681137658 36121483 32869022 36121483 32869022 X 19306323 19060324 661098670 629208312 680404993 648268636 716526476 681137658 X 57445965 -88832169 -750153 X 0 1 X 1 0 X 45671883 47543446 58663178 44491037 61127666 257497210 45671883 47543446 58663178 44491037 61127666 257497210 34451371 223045839 9389161 7365702 9520188 5707581 12441951 44424583 2411157 3135666 3993021 1455704 2174266 13169814 315091607 9845695 0.70790 0.71190 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER - 2017 AMOUNT: $ 2,411,157. 2018 AMOUNT: $ 3,135,666. 2019 AMOUNT: $ 3,993,021. 2020 AMOUNT: $ 1,455,704. 2021 AMOUNT: $ 2,174,266. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 62769 62769 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 4596714 6042450 71024 1 1 0 483635989 14214249 -39631272 15270652 442948314 369714515 11458036 115927503 13464065 483635989 401356097 10357996 -29755419 12244159 369714515 368832996 31196462 14168551 12841912 401356097 338448122 11898387 33273690 14787203 368832996 0.04050 0.95950 0 0 300000 300000 3109426 2055957 1053469 341623 327999 13624 967262 503280 463982 1831075 REAL ESTATE TYPE INVESTMENTS 1854481 F POOLED INVESTMENT FUNDS 427331900 F 429186381 FUNDS HELD FOR OTHERS 24831031 REMAINDER TRUST LIABILITES 4050056 OTHER LIABILITIES 3987935 32869022 X 14881068 -88832169 -218284 -89050453 103931521 0 103931521 47017425 531869 531869 46485556 0 46485556 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, 2022, OPEN FEDERAL AND MISSISSIPPI TAX YEARS FOR THE FOUNDATION INCLUDE TAX YEARS ENDED JUNE 30, 2019, 2020 AND 2021. THE FOUNDATION HAS NO EXAMINATIONS IN PROGRESS. AS OF JUNE 30, 2022 AND 2021, THERE WERE NO MATERIAL UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE RECLASS 437,791. RENT RECLASS 94,078. CHANGE IN VALUE SPLIT-INTEREST AGREEMENTS -752,749. CHANGE IN CSV OF LIFE INSURANCE 3,652. GAIN ON DISPOSAL OF FIXED ASSETS -1,056. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE RECLASS 437,791. RENT RECLASS 94,078. 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 1449055 154887 1294168 RUFFALO NOEL LEVITZ PO BOX 718 DES MOINES IA 50303 INTERNET SOLICITING 0 690985 30000 660985 MARKETING COMMUNICATIONS RESOURCE 4800 E 345TH ST WILLOUGHBY OH 44094 MAIL SOLICITING 0 499498 78915 420583 WILSON-BENNETT TECHNOLOGY INC PO BOX 717 CABOT AR 72023 PHONE SOLICITING 0 177764 173150 4614 2817302 436952 2380350 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 541699 541699 5000 3800 4000 WOMEN'S COUNCIL LEGACY EVENT 395649 314667 80982 56590 22776 19693 3 654684 350033 304651 50192 47674 7900 220167 1592032 664700 927332 111782 74250 7900 243860 437792 489540 1 UNIVERSITY OF MISSISSIPPI 236 LYCEUM UNIVERSITY OXFORD MS 38677 646001159 501(C)(3) 30273175 0 SEE PART IV UNIVERSITY OF MISS MEDICAL CENTER 2500 NORTH STATE STREET JACKSON MS 39216 646008520 501(C)(3) 7869403 0 SEE PART IV 2 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 UNIVERSITY OF MISSISSIPPI FOUNDATION DOES NOT MONITOR THE GRANTS DIRECTLY MADE TO THE UNIVERSITY ONCE THE MONEY IS DISBURSED. PART II, LINE 1 GRANTS PAID TO THE UNIVERSITY OF MISSISSIPPI ACADEMIC EXCELLENCE: $5,635,814; UNIVERSITY SUPPORT: $15,239,742: SCHOLARSHIPS: $9,397,619 GRANTS PAID TO THE UNIVERSITY OF MISSISSIPPI MEDICAL CENTER TO FUND OPERATION AND CONSTRUCTION EXPENSES OF THE MEDICAL CENTER: $7,869,403 X X 0 0 0 0 0 0 0 0 0 WENDELL W WEAKLEY PRESIDENT/CEO 279671 0 0 0 0 0 44762 0 20394 0 344827 0 0 0 MAGGIE E ABERNATHY TREASURER/CFO 161000 0 0 0 0 0 28014 0 8612 0 197626 0 0 0 ANNA LANGLEY VICE PRESIDENT/SECRETARY 130500 0 0 0 0 0 22707 0 8461 0 161668 0 0 0 LANCE FELKER DIRECTOR OF IT 121500 0 0 0 0 0 21141 0 8383 0 151024 0 0 0 PART 1, 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 26 89425 RETAIL MARKET VALUE X 46642 APPRAISAL X 370 ESTIMATE X 56 4617131 ACTUAL X 1 469900 APPRAISAL X 6 7458 RETAIL MARKET VALUE X COMPUTER SOFTWARE 1 571600 RETAIL MARKET VALUE X RENTAL SPACE 2 76431 ACTUAL X CARBON FIBER MATERIAL 1 61000 ESTIMATE X EDUCATIONAL COURSES 1 48000 RETAIL MARKET VALUE X FURNITURE & EQUIPMENT 4 27319 ACTUAL X PIANO 1 5000 APPRAISAL X DECORATIONS 1 2400 RETAIL MARKET VALUE X MARKETING MATERIALS 1 1236 ACTUAL X SUPPLIES 1 340 ACTUAL X ROUND OF GOLF 1 134 ACTUAL 0 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. OTHER PROGRAM SERVICES - PART III, LINE 4D 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. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO THE FILING OF THE 990 WITH THE IRS, MANAGEMENT AND THE AUDIT COMMITTEE REVIEW THE RETURN. AFTER COMPLETION OF REVIEW BUT PRIOR TO FILING, THE RETURN WILL BE ELECTRONICALLY DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF DIRECTORS. 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 -752,749. CHANGE IN VALUE OF CASH SURRENDER OF LIFE INSURANCE 3,652. GAIN ON DISPOSAL OF FIXED ASSETS -1,056. UNIV OF MISS FOUNDATION REALTY LLC 406 UNIVERSITY AVE OXFORD MS 38655 205945758 REAL ESTATE MS -46480 480000 UMF MISSISSIPPI COMMON FUND TRUST 406 UNIVERSITY AVENUE OXFORD MS 38655 640875827 FUNDRAISING MS 501(C)(3) PF UMF 1 UNIVERSITY OF MISSISSIPPI 216 LYCEUM UNIVERSITY MS 38677 646001159 PUBLIC UNIVERSITY MS 501(C)(3) LINE 2 N/A 0 UNIV OF MISSISSIPPI MEDICAL CENTER 2500 NORTH STATE STREET JACKSON MS 39216 646008520 MEDICAL UNIVERSITY MS 501(C)(3) LINE 3 N/A 0 OLE MISS ATHLETICS FOUNDATION PO BOX 355 UNIVERSITY MS 38677 640474850 ATHLETICS MS 501(C)(3) LINE 5 N/A 0 CHARITABLE REMAINDER UNITRUST (9) 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 4792450 CASH RECEIVED SCHEDULE R, PART II, LINE 4 RELATED TAX-EXEMPT ORGANIZATIONS UNIVERSITY OF MISSISSIPPI FOUNDATION AND OLE MISS ATHLETICS FOUNDATION ARE DEEMED TO BE RELATED AS BROTHER/SISTER ORGANIZATIONS.