2019-11-13T12:46:29-06:00 2019-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2018-07-01 646022505 UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION UNIV 6012665210 118 COLLEGE DRIVE 5210 HATTIEBURG MS 39406 STACE MERCIER EXECUTIVE DIRECTOR 6012665210 2019-11-11 1 KAREN GRIES P00078514 6123764500 67.137.57.251 2019-11-11 10:46:39 CS P E168BB59A4AC1B98DF6FDFCBC72C1446FCA85D8B BF88B2E75C20C69271D32A7A8AD00889DE1B1210 2018 2020-04-17 16:48:07Z STACE MERCIER 118 COLLEGE DRIVE 5210 HATTIEBURG MS 39406 33172362 0 X WWW.USMFOUNDATION.COM X 1959 MS BUILD RELATIONSHIPS WITH ALUMNI AND FRIENDS IN ORDER TO SECURE PRIVATE FUNDS FOR THE BENEFIT OF USM. 31 31 0 65 0 0 15574635 5655552 0 0 8402368 5060173 489773 23161 24466776 10738886 6169145 6443045 0 0 91354 100270 207948 205082 680259 2856837 2954002 9325284 9702399 15141492 1036487 134973716 140081501 733230 911704 134240486 139169797 TO BUILD RELATIONSHIPS WITH ALUMNI AND FRIENDS IN ORDER TO SECURE PRIVATE FUNDS AND OTHER RESOURCES FOR THE BENEFIT OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI (USM). THE FOUNDATION RECEIVES, INVESTS AND DISTRIBUTES PRIVATE GIFTS IN SUPPORT OF THE UNIVERSITY'S MISSION. 0 0 6443045 6443045 0 PROVIDE SCHOLARSHIPS, GRANTS AND TRANSFERS TO SUPPORT THE UNIVERSITY OF SOUTHERN MISSISSIPPI. 1304373 0 0 OTHER DESIGNATED ITEMS, COMMODITIES AND CONTRACTUAL SERVICES IN SUPPORT OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI. 7747418 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 1 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 66 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA KY MA MD MI MN NH NJ NY OR RI UT X X LESLEE SMITH 6012665210 118 COLLEGE DRIVE 5210 HATTIEBURG MS 39406 JIM WARREN PRESIDENT 0.50 X X 0 0 0 DUANE LOCK VICE PRESIDENT 0.70 X X 0 0 0 EUGENE G GOUAUX III TREASURER 0.60 X X 0 0 0 GARY W CARMICHAEL IMMEDIATE PAST PRESIDENT 0.50 X X 0 0 0 JULIE C BREAZEALE DIRECTOR 0.40 X 0 0 0 SHONNA BROWN DIRECTOR 0.40 X 0 0 0 STEPHEN J CARMODY DIRECTOR 0.30 X 0 0 0 MAX DRAUGHN DIRECTOR 0.50 X 0 0 0 LOUIS V R EHRLICH DIRECTOR 0.40 X 0 0 0 KEVIN F GILBERT DIRECTOR 0.20 X 0 0 0 KRISTY GOULD POLICY AND BYLAWS COMMITTEE CHAIR 0.70 X 0 0 0 STAN HARRELL DIRECTOR 0.20 X 0 0 0 DOC HOLLIDAY DIRECTOR 0.40 X 0 0 0 BENNY L HUBBARD SR DIRECTOR 0.40 X 0 0 0 CHRIS INMAN INVESTMENT COMMITTEE CHAIR 0.70 X 0 0 0 JULIE E LENNON DIRECTOR 0.50 X 0 0 0 JOY HARVILL LIGHTSEY MEMBER-AT-LARGE 0.40 X 0 0 0 SANDRA G MCDANIEL DIRECTOR 0.40 X 0 0 0 JANA L MCDONNELL DIRECTOR 0.40 X 0 0 0 WILLIAM E MCLEOD DIRECTOR 0.50 X 0 0 0 OMAR NELSON DIRECTOR 0.30 X 0 0 0 GEORGE OPENSHAW DIRECTOR 0.30 X 0 0 0 JOE QUINLAN RESOURCE DEVELOPMENT CHAIR 0.70 X 0 0 0 ROBIN J ROBINSON DIRECTOR 0.40 X 0 0 0 KELSEY L RUSHING DIRECTOR 0.30 X 0 0 0 JASON SANDERSON DIRECTOR 0.50 X 0 0 0 CHARLES C SCIANNA JR DIRECTOR 0.40 X 0 0 0 TOMMY THORNTON DIRECTOR 0.30 X 0 0 0 BILL WARD DIRECTOR 0.30 X 0 0 0 ALVIN WILLIAMS DIRECTOR 0.30 X 0 0 0 ALVIS A WRIGHT II DIRECTOR 0.30 X 0 0 0 STACE MERCIER EXECUTIVE DIRECTOR/ SECRETARY 40.00 X 0 127211 24211 LESLEE SMITH CHIEF FINANCIAL OFFICER 40.00 X 0 74798 28212 0 202009 52423 0 0 1 0 SEI 1 FREEDOM VALLEY DR OAKS PA 19456 INVESTMENT MANAGEMENT FEES 528450 RUFFALOCODY HOLDINGS LLC PO BOX 718 DES MOINES IA 503030718 TELEMARKETING AND DATA GATHERING SERVICE 183926 BLACKBAUD INC PO BOX 930256 ATLANTA GA 311930256 SOFTWARE SERVICES - HOSTING AND MAINTENA 133209 ARAMARK EDUCATIONAL SERVICES LLC 118 COLLEGE DR 5063 HATTIESBURG MS 39406 CATERING SERVICES 102641 4 53618 5601934 1497332 5655552 2623559 2623559 24829709 12227 22404816 506 2424893 11721 2436614 2436614 20482 53618 28154 -7672 -7672 MISCELLANEOUS INCOME 900099 30833 30833 30833 10738886 0 0 5083334 X 6415503 6415503 27542 27542 100270 38710 61560 56252 56252 78700 78700 18604 18604 205082 205082 576170 576170 284822 151721 24519 108582 181803 92965 62634 26204 87586 35921 33672 17993 109709 11476 49607 48626 282889 173947 21103 87839 333043 211573 72907 48563 67658 19164 48494 24244 12304 11203 737 CAPITAL OUTLAY 484940 452571 32043 326 DUES AND SUBSCRIPTIONS 113439 36662 39538 37239 BAD DEBT EXPENSES 107090 107090 MEALS AND ENTERTAINMENT 100222 71466 5651 23105 46831 15999 16429 14403 9702399 7747418 1274722 680259 2996270 2675234 10671148 8871876 126289 346115 1005750 601206 418540 404544 98820098 103463321 15038925 13621594 6902446 10698817 134973716 140081501 457939 675423 275291 236281 733230 911704 X 7356199 11751897 44802423 41013409 82081864 86404491 134240486 139169797 134973716 140081501 X 1036487 1515047 464679 1913098 X 0 1 X 1 0 X 6276220 10935422 8397357 15574635 5655552 46839186 6276220 10935422 8397357 15574635 5655552 46839186 13449551 33389635 2170369 2197446 2080224 2703382 2623559 11774980 94192 69077 74538 489773 30833 758413 59372579 20482 0.56240 0.53830 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: QUID PRO QUO - 2014 AMOUNT: $ 42,515. 2015 AMOUNT: $ 40,030. 2016 AMOUNT: $ 56,690. 2017 AMOUNT: $ 53,734. BP SETTLEMENT - 2017 AMOUNT: $ 430,000. LIFE INSURANCE - 2014 AMOUNT: $ 18,326. MISCELLANEOUS INCOME - 2014 AMOUNT: $ 33,351. 2015 AMOUNT: $ 29,047. 2016 AMOUNT: $ 17,848. 2017 AMOUNT: $ 6,039. 2018 AMOUNT: $ 30,833. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 1 18604 18604 0 PART II-B, LINE 1: THE USM FOUNDATION DID NOT DIRECTLY ATTEMPT TO INFLUENCE NATIONAL, STATE OR LOCAL LEGISLATION, BUT DID PROVIDE FUNDING TO ONE UNIVERSITY PAID LEGISLATIVE ADVOCATE. NUMEROUS EXPENDITURES WERE MADE MOSTLY FOR MEALS AND TRAVEL. THE UNIVERSITY ALSO HOSTS STATE LEGISLATORS THROUGHOUT THE YEAR ON CAMPUS. TOTAL EXPENDITURES FOR LOBBYING ACTIVITIES FOR THE YEAR WERE $18,604. 100915283 3824004 5160193 2217346 1304119 1500413 104877602 94750962 3703696 6690262 2049264 775575 1557324 100762757 83295901 5484165 10526767 1948672 1217349 1389850 94750962 82872941 4995140 -835134 1762495 828690 1145861 83295901 78672835 6386095 1584709 1650687 831636 1288375 82872941 0.06820 0.71600 0.21580 0 0 27837 27837 39063 39063 16072 16072 0 51533 871245 585134 337644 404544 HEDGE FUNDS & REAL ESTATE INVESTMENT FUNDS 12803033 F PRIVATE EQUITY 818561 F 13621594 DUE FROM EXTERNALLY MANAGED TRUSTS 7944900 OTHER RECEIVABLES 102462 CSV OF LIFE INSURANCE POLICIES 2651455 10698817 GIFT ANNUITIES PAYABLE 236281 236281 X 15582776 1515047 1963761 1941252 5420060 10162716 576170 576170 10738886 11118144 1963761 28154 1991915 9126229 576170 576170 9702399 PART V, LINE 4: PROVIDE CONSISTENT SUPPORT TO THE UNIVERSITY FOR PURPOSES INTENDED BY DONORS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME UNDER INTERNAL REVENUE CODE SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). FOUNDATION AVIATION HOLDINGS, LLC IS DISREGARDED AS AN ENTITY SEPARATE FROM THE FOUNDATION FOR PURPOSES OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. AS OF JUNE 30, 2019, THERE WERE NO MATERIAL UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF OTHER ASSETS 67,043. SPECIAL EVENT EXPENSES 28,154. CHANGE IN SPLIT INTEREST AGREEMENTS 1,846,055. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 28,154. SCHEDULE D, PART V, LINE 1A, COLUMN A THE FOUNDATION HAS RESTATED ITS NET ASSETS AS OF JULY 1, 2018. THE BEGINNING BALANCE OF ENDOWMENT NET ASSETS WAS INCREASED BY $152,526 TO RECLASSIFY THE ENDOWMENT EARNINGS THAT HAD NOT BEEN ALLOCATED TO INDIVIDUAL ENDOWMENT FUNDS AS OF JUNE 30, 2018. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 4998472 0 0 0 0 0 0 4998472 0 4998472 0 0 0 0 0 0 PART I, LINE 3: INVESTMENT EXPENDITURES ARE ACCOUNTED FOR ON AN ACCURAL BASIS. X X X X X X 1 MARTS & LUNDY 1200 WALLSTREET WEST LYNDHURST NJ 07071 CAMPAIGN CONSULTING 0 5514080 52229 5461851 RUFFALOCODY HOLDINGS LLC PO BOX 718 DES MOINES IA 50303 TELEMARKETING AND DATA GATHERING SERVICES 0 141472 152853 -11381 5655552 205082 5450470 AK AL AR CA CO CT DC FL GA HI IL KS KY ME MA MD MI MN MO MS NC ND NH NJ NM NV OH OK OR PA RI TN UT VA WA WV WI LA NY SC GOLF TOURNAMENT 74100 53618 20482 1368 3473 2183 6365 14765 74100 53618 20482 1368 3473 2183 6365 14765 28154 -7672 1 THE UNIVERSITY OF SOUTHERN MISSISSIPPI 118 COLLEGE DRIVE 5143 HATTIESBURG MS 39406 646000818 501(C)(3) 6249463 29503 VARIOUS TRANSFERS OF GIFTS OF PROPERTY USM PROGRAMS THE UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC FOUNDATION 118 COLLEGE DRIVE 5017 HATTIESBURG MS 39406 640929171 501(C)(3) 132974 0 N/A N/A USM ATHLETICS THE UNIVERSITY OF SOUTHERN MISSISSIPPI ALUMNI ASSOCIATION 118 COLLEGE DRIVE 5013 HATTIESBURG MS 39406 640763097 501(C)(3) 3563 0 N/A N/A USM ALUMNI PROGRAMS 3 0 STUDENT PROFESSIONAL SUPPORT 148 6971 3461 COMPARABLE SALES PROFESSIONAL ATTIRE ASSISTANCE TO ATTEND THE CHILDREN'S BOOK FESTIVAL 2 1508 0 N/A N/A DISASTER ASSISTANCE - FLOOD 6 6000 0 N/A N/A MONETARY AWARDS 7 7650 0 N/A N/A RESEARCH TRAVEL GRANT 2 1952 0 N/A N/A PART I, LINE 2: THE FOUNDATION MONITORS THE USE OF FUNDS BY REQUIRING DOCUMENTATION FROM AUTHORIZED SPENDING AUTHORITIES TO SUBSTANTIATE THAT ALL MONIES PAID FOR PROGRAM SUPPORT ARE USED FOR THE PURPOSES OUTLINED IN THE DOCUMENTS GOVERNING THE FUNDS FROM WHICH THE WITHDRAWAL IS BEING MADE. THESE PURPOSES INCLUDE SCHOLARSHIPS, GENERAL SUPPORT FOR ACADEMIC DIVISIONS, RESEARCH, FACULTY AND STAFF COMPENSATION AND OTHER RESTRICTED SUPPORT FOR PROGRAMS AT THE UNIVERSITY OF SOUTHERN MISSISSIPPI. 0 0 0 0 0 0 0 0 0 STACE MERCIER EXECUTIVE DIRECTOR/ SECRETARY 0 125000 0 0 0 2211 0 19688 0 4523 0 151422 0 0 PART II THE UNIVERSITY OF SOUTHERN MISSISSIPPI, A RELATED ORGANIZATION, PROVIDES COMPENSATION FOR ALL WHO WORK FOR THE FOUNDATION, INCLUDING THE EXECUTIVE DIRECTOR. THE PROCESS FOR DETERMINING COMPENSATION, REVIEW AND APPROVAL, AND SUBSTANTIATION OF THIS DELIBERATION AND DECISION IS HANDLED BY THE UNIVERSITY. THIS WAS LAST COMPLETED IN 2015. X 2 6059 FAIR MARKET VALUE X 1 1 VALUE UNKNOWN X 3543 FAIR MARKET VALUE X 16 1470770 AVERAGE STOCK PRICE X 1 5508 COMPARABLE SALE X FURNITURE AND EQUIPMENT 8 8508 FAIR MARKET VALUE X VARIOUS 4 2942 FAIR MARKET VALUE 2 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS WAS USED TO COMPLETE PART I, COLUMN (B) OF SCHEDULE M. FOR CONTRIBUTIONS OF SECURITIES, EACH GIFT WAS COUNTED SEPARATELY (RATHER THAN EACH SHARE RECEIVED). PART I, LINE 32B: THE FOUNDATION EMPLOYS REALTORS TO LIST AND SELL CONTRIBUTIONS OF REAL ESTATE. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE CONSISTS OF NINE MEMBERS, ONE OF WHOM SHALL BE THE PRESIDENT OF THE FOUNDATION, WHO SHALL BE THE CHAIR, ONE OF WHOM SHALL BE THE VICE PRESIDENT, ONE OF WHOM SHALL BE THE TREASURER, ONE OF WHOM SHALL BE THE IMMEDIATE PAST PRESIDENT, ONE OF WHOM SHALL BE THE MEMBER-AT-LARGE, ONE OF WHOM SHALL BE THE CHAIR OF THE INVESTMENT COMMITTEE, ONE OF WHOM SHALL BE THE CHAIR OF THE RESOURCE DEVELOPMENT COMMITTEE, ONE OF WHOM SHALL BE THE CHAIR OF POLICY AND BYLAWS COMMITTEE, AND ONE OF WHOM SHALL BE THE NON-VOTING, EX-OFFICIO SECRETARY. THE BOARD SHALL MANAGE THE BUSINESS OF THE FOUNDATION. ALL CORPORATE POWERS OF THE FOUNDATION SHALL BE EXERCISED BY OR UNDER THE AUTHORITY OF THE BOARD, AND THE OFFICERS OF THE FOUNDATION SHALL BE SUPERVISED UNDER THE DIRECTION OF THE BOARD. THE BOARD SHALL BE CHARGED WITH THE MANAGEMENT AND DIRECTION OF THE AFFAIRS OF THIS FOUNDATION, WITH THE GENERAL DUTY OF PROMOTING THE WELFARE AND GROWTH OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI AND WITH CARRYING OUT THE PURPOSES OF THE FOUNDATION. THE PRESIDENT OF THE FOUNDATION, OR HIS/HER DESIGNEE, SHALL HAVE THE SOLE AUTHORITY TO SPEAK OR ISSUE PUBLIC STATEMENTS CONCERNING OFFICIAL POSITIONS TAKEN BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 4 THE COMPOSITION OF THE BOARD CHANGED FROM TWENTY-SEVEN VOTING BOARD DIRECTORS TO NO MORE THAN TWENTY-SEVEN VOTING DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION SUPPLIED BY MANAGEMENT. ONCE THE DRAFT IS REVIEWED BY MANAGEMENT, THE FINANCE COMMITTEE AND EXECUTIVE COMMITTEE RECEIVED THE FORM 990 DRAFT FOR REVIEW PRIOR TO BEING FILED. COMMENTS WERE ADDRESSED AND THE FORM WAS UPDATED AS NECESSARY. A COMPLETE COPY OF THE FORM 990 WAS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, EACH MEMBER OF THE BOARD AND EACH MEMBER OF ALL COMMITTEES SIGNS A WRITTEN STATEMENT CERTIFYING THAT HE/SHE AGREES AND IS IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE SHALL LEAVE THE BOARD, COMMITTEE, SUBCOMMITTEE OR COUNCIL MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD, COMMITTEE, SUBCOMMITTEE OR COUNCIL MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS; PROVIDED, HOWEVER, IF THE INTERESTED PERSON BELIEVES A CONFLICT OF INTEREST EXISTS, THE BOARD, COMMITTEE, SUBCOMMITTEE OR COUNCIL SHALL BE GUIDED BY THE BELIEF OF THE INTERESTED PERSON IN REACHING ITS DECISION. DETERMINATION OF A CONFLICT OF INTEREST FOR STAFF SHALL BE MADE BY THE EXECUTIVE COMMITTEE. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD, COMMITTEE, SUBCOMMITTEE OR COUNCIL MEETING, BUT AFTER SUCH PRESENTATION, HE/SHE MUST LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. THE MINUTES OF THE BOARD AND ALL COMMITTEES, SUBCOMMITTEES OR COUNCILS WITH BOARD-DELEGATED POWERS SHALL CONTAIN: (A) THE NAMES OF THE PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A FINANCIAL INTEREST IN CONNECTION WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE FINANCIAL INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT AND THE DECISIONS OF THE BOARD, COMMITTEE, SUBCOMMITTEE OR COUNCIL AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED. (B) THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS OR VOTES RELATING TO THE TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSION, INCLUDING ANY ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT AND A RECORD OF ANY VOTES TAKEN IN CONNECTION THEREWITH. DURING THE FISCAL YEAR, THERE WERE NO KNOWN CONFLICT OF INTERESTS IDENTIFIED. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY OF SOUTHERN MISSISSIPPI, A RELATED ORGANIZATION, PROVIDES COMPENSATION FOR ALL WHO WORK FOR THE FOUNDATION, INCLUDING THE EXECUTIVE DIRECTOR. THE PROCESS FOR DETERMINING COMPENSATION, REVIEW AND APPROVAL, AND SUBSTANTIATION OF THIS DELIBERATION AND DECISION IS HANDLED BY THE UNIVERSITY. THIS WAS LAST COMPLETED IN 2015. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION'S BYLAWS, CONFLICT OF INTEREST POLICY, FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE FOUNDATION'S WEBSITE. FORM 990, PART IX THE EXPENSES REPORTED IN PART IX COLUMN(B) LINES 11-25 REFLECT EXPENSES PAID ON BEHALF OF THE UNIVERSITY. FORM 990, PART VII/PART IX THE FOUNDATION DOES NOT REPORT WITHIN THE STATEMENT OF REVENUES AND STATEMENT OF FUNCTIONAL EXPENSES CONTRIBUTED SALARIES AND THE CORRESPONDING EXPENSES ASSOCIATED WITH INDIVIDIAULS WORKING ON FOUNDATION AFFAIRS SINCE THESE INDIVIDUALS ARE EMPLOYEES OF THE UNIVERSITY AND THE UNIVERSITY DONATES THE SALARIES AND COSTS OF EMPLOYMENT TO THE FOUNDATION. THE AMOUNT REPORTED ON LINE 7 REFLECTS REIMBURSEMENTS MADE BY THE FOUNDATION TO THE UNIVERSITY FOR STUDENT WORKERS AND SUPPLEMENTAL PAY. AS SUCH, TAXES AND BENEFITS ARE PROCESSED AND REPORTED THROUGH THE UNIVERSITY. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF OTHER ASSETS 67,043. CHANGE IN SPLIT INTEREST AGREEMENTS 1,846,055. FOUNDATION AVIATION HOLDINGS LLC 118 COLLEGE DR 5210 HATTIESBURG MS 39406 263637085 LEASING MS -18443 294301 USM FOUNDATION THE UNIVERSITY OF SOUTHERN MISSISSIPPI 118 COLLEGE DR 5143 HATTIESBURG MS 39406 646000818 EDUCATION MS 501(C)(3) LINE 2 N/A 0 BMC AND KC CRAT 202 SOUTH 40TH AVENUE HATTIESBURG MS 39402 646207876 INVESTMENTS MS N/A T 62690 0.52050 0 JEG CRAT 1581 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS MN 55474 207371805 INVESTMENTS MS N/A T 123651 0.33110 0 EDK CRUT 11301 US HIGHWAY ONE NORTH PALM BEACH FL 33408 656419443 INVESTMENTS FL N/A T 194465 0.77790 0 P-JP CRUT 150 S WARNER RD SUITE 200 KING OF PRUSSIA PA 19406 816588160 INVESTMENTS AZ N/A T 130992 0.28880 0 P-MP CRUT 150 S WARNER RD SUITE 200 KING OF PRUSSIA PA 19406 816591136 INVESTMENTS AZ N/A T 5903482 0.48950 0 JR TRUST PO BOX 1071 HATTIESBURG MS 39403 836144563 INVESTMENTS MS N/A T 1529619 0.91890 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 UNIVERSITY OF SOUTHERN MISSISSIPPI B 6278966 CASH DISBURSED AND PROPERTY TRANS UNIVERSITY OF SOUTHERN MISSISSIPPI N 124886 CONTRIBUTED UTILITIES AND FACILIT UNIVERSITY OF SOUTHERN MISSISSIPPI O 1757348 CASH DISBURSED UNIVERSITY OF SOUTHERN MISSISSIPPI P 348486 CASH DISBURSED