2018-12-24T04:27:29-06:00 2018-06-30 861065772 DELOITTE TAX LLP 1033 DEMONBREUN ST STE 400 NASHVILLE TN 37203 990 2017-07-01 636065809 UNIVERSITY OF SOUTH ALABAMA FOUNDATION UNIV 2514322116 PO BOX 3148 MOBILE AL 366523148 MAXEY J ROBERTS MANAGING DIRECTOR 2514322116 2018-12-19 1 P00752421 6152591800 23.118.151.169 2018-12-19 17:13:16 ES P 9D77D5089F6CFDFA10E33FA204CA8B8BB51CC565 D6D028B83EC7BAE48696A0FE418AC7215527A94E 2017 2019-02-21 02:37:17Z MAXEY J ROBERTS PO BOX 3148 MOBILE AL 366523148 20286342 0 X USAFOUNDATION.ORG X 1968 AL TO SUPPORT THE EDUCATIONAL PROGRAMS OF THE UNIVERSITY OF SOUTH ALABAMA. 21 20 13 0 76820 -187027 57650 1117275 0 0 9303638 8037322 718731 756344 10080019 9910941 9771136 9888332 0 0 1309777 1345060 0 0 22874 2090161 2403941 13171074 13637333 -3091055 -3726392 367497252 376715779 914478 986582 366582774 375729197 X THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION WAS ESTABLISHED TO SUPPORT THE FUNCTIONS AND ACTIVITIES OF THE UNIVERSITY OF SOUTH ALABAMA. CONTRIBUTIONS ARE MADE DIRECTLY TO THE UNIVERSITY FOR AND IN SUPPORT OF STUDENT SCHOLARSHIPS, FACULTY POSITIONS AND PROGRAMS, AND OTHER RELATED ACTIVITIES OF THE UNIVERSITY. EXAMPLES INCLUDE PROVIDING $21,137,382 IN TOTAL SUPPORT TO THE MITCHELL CANCER INSTITUTE, A MAJOR UNIVERSITY UNDERTAKING AND PROGRAM SUPPORT TO THE MEDICAL SIMULATION PROGRAM, FUNDING 22 NEW GRADUATE ASSISTANTSHIPS CRITICAL IN THE SUPPORT OF NEW GRADUATE PROGRAMS LAUNCHED BY THE UNIVERSITY, AS WELL AS PROVIDING STIPEND SUPPORT TO THE GRADUATE ASSISTANT PROGRAM, TOTALING $4,636,798 TO DATE.OTHER PROGRAM SUPPORT INCLUDES $750,000 ANNUALLY TO SUPPORT SCHOLARSHIPS FOR STUDENTS IN THE HONORS PROGRAM, THAT HAS TOTALLED $13,750,000 OVER THE PERIOD SINCE INCEPTION, AS WELL AS PROVIDING FINANCIAL SUPPORT TO 34 FACULTY POSITIONS, SUPPORT OF 151 DESIGNATED SCHOLARSHIPS, A TOTAL COMMITMENT OF $ 0 0 13043079 9888332 CONTRIBUTIONS TO THE UNIVERSITY OF SOUTH ALABAMA. 13043079 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 25 0 1 13 1 1 1 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL MS X MAXEY J ROBERTS 2514322116 211 N CONCEPTION STREET MOBILE AL 366036477 MAXEY J ROBERTS MANAGING DIRECTOR/BOARDMEMBER 40.00 0.00 X X 278826 0 1649 JOHN MCMILLAN BOARDMEMBER 1.00 0.00 X X 0 0 0 LOWELL J BONDS BOARDMEMBER 1.00 0.00 X X 0 0 0 ROBERT D WORD BOARDMEMBER 1.00 0.00 X X 0 0 0 A JEANNE SYLVESTRE BOARDMEMBER 1.00 0.00 X X 0 0 0 ROBERT P HALL BOARDMEMBER 1.00 0.00 X X 0 0 0 ELIZABETH VANDEWAA BOARDMEMBER 1.00 0.00 X 0 0 0 JAMES H SHUMOCK BOARDMEMBER 1.00 0.00 X 0 0 0 NOLAN C LEAKE BOARDMEMBER 1.00 0.00 X 0 0 0 W SCOTT MCNAIR BOARDMEMBER 1.00 0.00 X 0 0 0 DAMIAN J COLLINS BOARDMEMBER 1.00 0.00 X 0 0 0 W ALLEN CARROLL JR BOARDMEMBER 1.00 0.00 X 0 0 0 GREGORY LUCE BOARDMEMBER 1.00 0.00 X 0 0 0 KEN SIMON BOARDMEMBER 1.00 0.00 X 0 0 0 MARGARET D YOUNG BOARDMEMBER 1.00 0.00 X 0 0 0 JOHN T WHIDDON BOARDMEMBER 1.00 0.00 X 0 0 0 WALTER E PENRY JR BOARDMEMBER 1.00 0.00 X 0 0 0 VERLA LEDLOW WILTERS BOARDMEMBER 1.00 0.00 X 0 0 0 TONY G WALDROP BOARDMEMBER 1.00 0.00 X 0 0 0 ALPHA JOHNSON BOARDMEMBER 1.00 0.00 X 0 0 0 OTHA LEE BIGGS BOARDMEMBER 1.00 0.00 X 0 0 0 FRANK S PETTYJOHN BOARDMEMBER 1.00 0.00 X 0 0 0 ROBERT M HOPE INVESTMENT MANAGER 40.00 0.00 X 152669 0 21476 BRAD B ROBERTS CONTROLLER 40.00 0.00 X 178347 0 1863 PHILIP JOHNSON CHIEF FORESTER 40.00 0.00 X 118000 0 15251 727842 0 40239 4 0 1 0 JONES WALKER LLP N WATER STREET SUITE 1200 MOBILE AL 36603 LEGAL SERVICES 400226 DELOITTE & TOUCHE LLP 420 N 20TH STREET BIRMINGHAM AL 35203 AUDITING & TAX 171660 2 1117275 1117275 2155168 2155168 88895 88895 646042 55413 590629 590629 590629 13278113 2924029 9070400 1249588 4207713 1674441 5882154 5882154 HEAVY EQUIPMENT USAGE 110000 64820 64820 ACCOUNTING AND ADMINIS 641200 12000 12000 76820 9910941 0 76820 8716846 9888332 9888332 628002 497248 110835 19919 421501 285493 136008 153948 118540 33869 1539 76693 59053 16873 767 64916 49985 14282 649 479946 440331 39615 171683 132196 39487 347435 347435 52189 40333 11856 29610 22800 6810 1731 1333 398 172551 132864 39687 74745 57554 17191 231921 184921 47000 CONSULTANT AND PROF FEE 247049 231390 15659 PROPERTY TAXES 220287 212546 7741 TIMBER MGT & MAINT 210755 210755 REPAIR AND MAINT EXP 98200 75614 22586 65839 54356 11483 13637333 13043079 571380 22874 548548 1091975 2192 19318 227617006 1509806 225764926 226107200 129673811 137722232 9956378 10150081 1551397 1624973 367497252 376715779 813591 896582 100887 90000 914478 986582 X 101017820 99006557 95855971 105954433 169708983 170768207 366582774 375729197 367497252 376715779 -3726392 12872815 0 X 0 1 X 1 0 X X 1 UNIVERSITY OF SOUTH ALABAMA 630477348 6 1 9888332 0 1 9888332 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X PART IV, SECTION A, LINE 2: THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION'S SUPPORTED ORGANIZATION IS THE UNIVERSITY OF SOUTH ALABAMA, A STATE UNIVERSITY. PART IV, SECTION D, LINE 3: SERVING ON THE BOARD OF DIRECTORS OF THE USA FOUNDATION ARE THE CHAIRMAN PRO TEMPORE OF THE BOARD OF TRUSTEES OF THE UNIVERSITY OF SOUTH ALABAMA, THE VICE CHAIRMAN OF THE UNIVERSITY BOARD, AND THE PRESIDENT OF THE UNIVERSITY, AS WELL AS A REPRESENTATIVE FROM THE FACULTY OF THE UNIVERSITY AND A REPRESENTATIVE OF THE ALUMNI OF THE UNIVERSITY. THESE INDIVIDUALS PROVIDE A STRONG UNDERSTANDING AND VOICE OF THE NEEDS OF THE UNIVERSITY TO THE FOUNDATION PROVIDING A UNIQUE UNDERSTANDING AND RESPONSIVENESS TO THOSE NEEDS. THE FOUNDATION AND MEMBERS OF THE FOUNDATION BOARD INTERACT WITH THE UNIVERSITY THROUGH A PROCESS THAT INCLUDES INFORMAL MEETINGS WITH UNIVERSITY ADMINISTRATORS AND FOUNDATION REPRESENTATIVES, DISCUSSIONS AND DIALOGUE THROUGH SMALL GROUPS AND FINALLY DISCUSSIONS AND ACTIONS AT FORMAL BOARD MEETINGS. THE REQUESTS FOR SUPPORT OF UNIVERSITY PROGRAMS ARE RECOMMENDED THROUGH THE PRESIDENT OF THE UNIVERSITY TO THE FOUNDATION. SUCH REQUESTS AND DIALOGUE CREATE AN UNDERSTANDING OF THE NEEDS OF THE UNIVERSITY AND RESULT IN THE FOUNDATION'S SUPPORT OF UNIQUE AND CRITICAL UNIVERSITY PROGRAMS, FACULTY NEEDS AND SCHOLARSHIP INITIATIVES, AS DESCRIBED IN THIS SCHEDULE. THE PROCESS OF INTERACTION IS ONGOING AND LEADS TO A CLEAR RESPONSIVENESS AND UNDERSTANDING BY BOTH THE SUPPORTED ORGANIZATION AND THE FOUNDATION. THE REPRESENTATIVES OF THE SUPPORTED ORGANIZATION, WHO SERVE ON THE FOUNDATION BOARD, ACTIVELY PARTICIPATE IN THE DELIBERATIONS OF THE BOARD IN INVESTMENTS, ALLOCATION OF ASSETS, AND INVESTMENT POLICIES THAT ARE BENEFICIAL TO THE LONG-TERM GOALS AND MISSION OF THE FOUNDATION, THE SUPPORT OF THE UNIVERSITY. THE FOUNDATION BOARD ROUTINELY RECEIVES REPORTS ON THE INVESTMENTS OF THE FOUNDATION AND THE RETURNS ON THOSE INVESTMENTS AND SHAPES THE POLICIES OF THE INVESTMENTS AT ALL LEVELS. THE INVESTMENT OF THE BROOKLEY PROPERTY, DESCRIBED IN SECTION IV, E. 1C, IS AN EXAMPLE OF THE ACTIVE PARTICIPATION OF THE REPRESENTATIVES OF THE SUPPORTED ORGANIZATION, NOT ONLY IN WORKING THROUGH A WAY IN WHICH TO SUPPORT A CRITICAL PROGRAM OF THE UNIVERSITY, BUT ALSO IN RECOMMENDING AN INVESTMENT AND IN EVALUATING THE POLICIES RELATING TO SUCH INVESTMENT OVER TIME. PART IV, SECTION E, LINE 1C: THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION'S SUPPORTED ORGANIZATION IS THE UNIVERSITY OF SOUTH ALABAMA, A STATE INSTITUTION, ESTABLISHED BY ACT OF THE LEGISLATURE OF THE STATE OF ALABAMA IN 1963. THE USA FOUNDATION SOLELY SUPPORTS THE UNIVERSITY OF SOUTH ALABAMA, ITS SUPPORTED ORGANIZATION, IN RESPONSE TO THE NEEDS, REQUESTS AND SUGGESTIONS PROPOSED BY THE UNIVERSITY OF SOUTH ALABAMA. THE USA FOUNDATION FURTHER ENGAGES IN ACTIVITIES SUBSTANTIALLY ALL OF WHICH DIRECTLY FURTHER THE EXEMPT PURPOSE OF THE UNIVERSITY OF SOUTH ALABAMA BY PERFORMING THE FUNCTIONS OF, OR CARRYING OUT THE PURPOSE OF, SUCH SUPPORTED ORGANIZATION AND WHICH, BUT FOR THE INVOLVEMENT OF THE USA FOUNDATION (THE SUPPORTING ORGANIZATION), WOULD NORMALLY BE CARRIED OUT BY THE UNIVERSITY OF SOUTH ALABAMA. IN SUPPORT OF THE UNIVERSITY OF SOUTH ALABAMA, THE FOUNDATION HAS PROVIDED MORE THAN $173 MILLION SINCE 1990 SUPPORTING ACADEMIC PROGRAMS, SCHOLARSHIPS AND FACULTY SUPPORT, ALL OF WHICH ARE RESPONSIVE TO THE UNIVERSITY OF SOUTH ALABAMA AND WHICH WOULD OTHERWISE REQUIRE THE UNIVERSITY OF SOUTH ALABAMA, THE SUPPORTED ORGANIZATION, TO CARRY OUT OR SUPPORT OR PERFORM. THE FOLLOWING ARE HIGHLIGHTS OF THE FOUNDATION'S SUPPORT OF THE UNIVERSITY OF SOUTH ALABAMA AND ITS RESPONSIVENESS TO REQUESTS BY THE UNIVERSITY OF SOUTH ALABAMA. THE LIST ILLUSTRATES THE SUPPORT PROVIDED TO MORE THAN 100 SCHOLARSHIPS, 34 PROFESSORSHIPS, NATIONALLY-RECOGNIZED LECTURERS AND NUMEROUS ACADEMIC PROGRAMS. IN 2010 AND IN FURTHERANCE OF THE FINANCIAL SUPPORT BY THE FOUNDATION TO THE UNIVERSITY IN CARRYING OUT ITS CRITICAL MISSION IN HEALTHCARE/ACADEMIC MEDICINE AND IN RESPONSE TO THE REQUEST OF THE SUPPORTED ORGANIZATION, THE FOUNDATION PROVIDED $20 MILLION TO THE UNIVERSITY BY PURCHASING A 327-ACRE PROPERTY (THE BROOKLEY PROPERTY) OWNED BY THE SUPPORTED ORGANIZATION. THIS PURCHASE PROVIDED CRITICAL SUPPORT FOR AN EXPANSION OF THE UNIVERSITY'S CHILDREN'S AND WOMEN'S HOSPITAL, WHICH, IN TURN, PROVIDED A CORE SERVICE AND ACADEMIC FOCUS OF THE SUPPORTED ORGANIZATION'S COLLEGE OF MEDICINE AND HEALTHCARE SYSTEM. THE FOUNDATION'S PURCHASE ALLOWED THE EXPANSION TO MOVE FORWARD, THEREBY FACILITATING AND CARRYING OUT THE PURPOSE OF THE SUPPORTED ORGANIZATION. THE FOUNDATION CONTINUES ITS PLAN TO MARKET THE BROOKLEY PROPERTY FOR THE HIGHEST AND BEST USE TO INVESTOR/DEVELOPERS. THE BENEFIT DERIVED FROM THIS INVESTMENT WILL INURE TO THE SUPPORTED ORGANIZATION, ITS NEEDS, REQUESTS AND PROGRAM GROWTH IN THE FUTURE. BUT FOR THE FOUNDATION'S PRO-ACTIVE EFFORTS IN MARKETING THE PROPERTY, THE SUPPORTED ORGANIZATION WOULD OTHERWISE BE INVOLVED IN THIS EFFORT. OTHER PROGRAMMATIC SUPPORT INCLUDES $474,200 TO PROVIDE NEEDED SUPPORT TO 22 GRADUATE FELLOWSHIPS AND STIPEND SUPPORT TO 132 OTHER GRADUATE ASSISTANTSHIPS. THIS RECURRING ANNUAL SUPPORT WAS AT THE REQUEST OF THE UNIVERSITY WHEN ITS NEW GRADUATE PROGRAMS WERE APPROVED. BUT FOR THAT SUPPORT, THE UNIVERSITY OF SOUTH ALABAMA COULD NOT HAVE PROVIDED FUNDING FOR THOSE GRADUATE ASSISTANTSHIPS CRITICAL FOR THOSE PROGRAMS OF THE SUPPORTED ORGANIZATION TO BE COMPETITIVE IN ATTRACTING HIGH CALIBER STUDENTS. THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION SUPPORTS 34 PROFESSORSHIPS CRITICAL TO THE MISSION OF THE UNIVERSITY OF SOUTH ALABAMA. THE FOUNDATION CONTRIBUTED $1,715,570 IN SUPPORT OF THESE PROFESSORSHIPS WHICH THE UNIVERSITY WOULD HAVE TO FUND IF NOT FOR THE ACTIVITIES AND EFFORTS OF THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION. ANNUALLY THE FOUNDATION PROVIDES $750,000 IN SCHOLARSHIP FUNDS FOR THE WHIDDON/HONORS SCHOLARS PROGRAM WITHIN THE HONORS COLLEGE AT THE UNIVERSITY OF SOUTH ALABAMA. THE FOUNDATION HAS PROVIDED $13,750,000 TO THE PROGRAM SINCE 1998. THE HONORS COLLEGE ENROLLS APPROXIMATELY 200 STUDENTS WHO ARE GUIDED THROUGH A RIGOROUS RESEARCH AND ACADEMIC PROGRAM BY FACULTY MENTORS. THE HONORS COLLEGE PROGRAM ENABLES THE UNIVERSITY OF SOUTH ALABAMA TO RECRUIT STUDENTS OF EXCELLENCE, RAISING THE BAR OF THE EDUCATIONAL EXPERIENCE FOR ALL. THE FOUNDATION HAS PROVIDED KEY SUPPORT TO THE MITCHELL CANCER INSTITUTE OF THE UNIVERSITY OF SOUTH ALABAMA. TO DATE, THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION HAS CONTRIBUTED $21,137,382 TO THE MITCHELL CANCER INSTITUTE. THIS SUPPORT INCLUDES FOUR CRITICAL FACULTY POSITIONS, INCLUDING THE EXECUTIVE DIRECTOR OF THE INSTITUTE, TOTALING $275,064 FOR THE FISCAL YEAR 2018, ENABLING THE UNIVERSITY TO RECRUIT AND RETAIN INTERNATIONALLY RECOGNIZED RESEARCHERS AND ACADEMICIANS IN THIS CRITICALLY IMPORTANT PROGRAM OF THE UNIVERSITY. IN THE FISCAL YEAR 2016, THE FOUNDATION COMPLETED ITS INITIAL $12 MILLION COMMITMENT OF SUPPORT, WHICH WAS A CORE BASIS IN ESTABLISHING THE INSTITUTE. DURING THE FISCAL YEAR 2018, THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION PROVIDED $5,175,786 FROM THE FOUNDATION'S DISPROPORTIONATE SHARE HOSPITAL FUNDS TO SUPPORT THE UNIVERSITY OF SOUTH ALABAMA HOSPITALS. THIS SUPPORT INCLUDED $3,470,098 TO FUND THE PURCHASE OF TWO DA VINCI SURGICAL ROBOTS, AS REQUESTED BY THE UNIVERSITY TO MEET ITS KEY NEEDS TO SUPPORT THE CONTINUED GROWTH OF ITS CENTERS OF EXCELLENCE IN HEALTHCARE. THE SUPPORT ALSO INCLUDED $1,080,484 TO THE CLINICAL SUPPORT FUND, AND $625,204 TO THE HOSPITAL EQUIPMENT FUND CRITICALLY IMPORTANT IN FURTHERING THE HEALTHCARE AND TEACHING MISSION OF THE UNIVERSITY OF SOUTH ALABAMA. 366582774 1117275 21666481 9888332 3749001 375729197 354570415 57650 25125783 9771136 3399938 366582774 363501175 8000 4947032 10561184 3324608 354570415 324396610 16050 47236528 4730966 3417047 363501175 299424944 56925 33020566 4515680 3590145 324396610 0.26350 0.28200 0.45450 0 0 224696840 224696840 1494596 431406 1063190 843775 840365 3410 581795 238035 343760 226107200 DEPOSITS 90000 90000 PART V, LINE 4: THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION'S ENDOWMENT IS COMPRISED OF INDIVIDUAL FUNDS TO BE USED FOR SPECIFIC SCHOLARSHIPS, FACULTY POSITIONS, AND ACADEMIC PROGRAMS. THESE ENDOWMENT FUNDS WERE CREATED FROM INITIAL GIFTS OR CONTRIBUTIONS WITH THE INCOME AND APPRECIATION GENERATED FROM THESE FUNDS USED TO FUND VARIOUS SCHOLARSHIPS, FACULTY POSITIONS, AND ACADEMIC PROGRAMS FOR THE UNIVERSITY OF SOUTH ALABAMA. 1 UNIVERSITY OF SOUTH ALABAMA 307 N UNIVERSITY BLVD MOBILE AL 36688 630477348 GOVERNMENT ENTITY 9888332 SCHOLARSHIPS,FACULTY POSITIONS, AND OTHER SUPPORT 1 0 PART I, LINE 2: THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION FUNDS VARIOUS SCHOLARSHIPS, FACULTY POSITIONS, AND OTHER SUPPORT TO THE UNIVERSITY OF SOUTH ALABAMA. THE UNIVERSITY OF SOUTH ALABAMA DETERMINES ELIGIBILITY AND AWARDING OF SCHOLARSHIPS TO WORTHY STUDENTS. THE UNIVERSITY ALSO DETERMINES THE PLACEMENT OF FACULTY POSITIONS AND CURRENT NEED FOR SUPPORT OF OTHER MORE SPECIFIC PROGRAMS. FUNDING TO THE UNIVERSITY IS BASED ON PERCENTAGE OF THE FOUNDATION'S NET ASSETS. X X X X 0 0 0 0 0 0 0 0 0 MAXEY J ROBERTS MANAGING DIRECTOR/BOARDMEMBER 278049 0 0 0 777 0 0 0 1649 0 280475 0 0 0 ROBERT M HOPE INVESTMENT MANAGER 152153 0 0 0 516 0 0 0 21476 0 174145 0 0 0 BRAD B ROBERTS CONTROLLER 178167 0 0 0 180 0 0 0 1863 0 180210 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY THE FOUNDATION'S MANAGEMENT AND INDEPENDENT TAX CONSULTANTS. UPON COMPLETION, FORM 990 IS SUBMITTED TO THE FOUNDATION'S INVESTMENT AND AUDIT COMMITTEE AND THEN TO THE BOARD OF DIRECTORS FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION HAS A WRITTEN CODE OF CONDUCT AND ETHICS POLICY ("CODE") FOR ITS DIRECTORS, OFFICERS, AND EMPLOYEES. WITHIN THE CODE, THE FOUNDATION HAS INCORPORATED ITS CONFLICT OF INTEREST POLICY. THE FOUNDATION REVIEWS THE POLICY ANNUALLY AND REQUIRES ALL FOUNDATION DIRECTORS, OFFICERS, AND EMPLOYEES TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE DISCLOSING ANY CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION DETERMINES COMPENSATION OF MANAGEMENT AND KEY EMPLOYEES INITIALLY THROUGH A REVIEW OF RELEVANT DATA AND AN INDEPENDENT COMPENSATION STUDY. THE INFORMATION IS PRESENTED TO THE FOUNDATION'S INVESTMENT AND AUDIT COMMITTEE FOR ITS REVIEW AND ACTION WITH RESPECT TO COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION PROVIDES TO THE PUBLIC ACCESS TO ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS. ALL SUCH DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FURTHER, THE FOUNDATION'S ARTICLES OF INCORPORATION ARE FILED IN THE PROBATE COURT OF MOBILE COUNTY, ALABAMA, AND THE FOUNDATION MAKES AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS. THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS ARE FORWARDED TO THE UNIVERSITY OF SOUTH ALABAMA AND MADE AVAILABLE TO THE LOCAL NEWSPAPER. THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION'S FORM 990 IS AVAILABLE ON REQUEST, AND THE FOUNDATION ALSO DISCLOSES ITS NET ASSETS ON ITS WEBSITE. BROOKLEY PROPERTY DURING THE FISCAL YEAR ENDING JUNE 30, 2011, THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION PURCHASED 327 ACRES FROM THE UNIVERSITY OF SOUTH ALABAMA, KNOWN AS THE BROOKLEY CAMPUS. THE PROPERTY WAS PURCHASED FROM THE UNIVERSITY OF SOUTH ALABAMA IN FURTHERANCE OF THE FINANCIAL SUPPORT OF THE UNIVERSITY BY THE FOUNDATION IN ORDER TO ASSIST THE UNIVERSITY IN CARRYING OUT ITS TAX EXEMPT PURPOSE AND SPECIFICALLY IN ORDER TO FUND THE PEDIATRIC EXPANSION OF THE UNIVERSITY OF SOUTH ALABAMA CHILDREN'S AND WOMEN'S HOSPITAL, AN INTEGRAL PART OF THE TEACHING MISSION AND HEALTH SERVICES MISSIONS OF THE UNIVERSITY OF SOUTH ALABAMA. THE PURCHASE WAS $20,000,000 TO BE PAID IN FIVE ANNUAL INSTALLMENTS OF $4,000,000. UNDER THE PURCHASE AGREEMENT, FOR A FIVE-YEAR USE PERIOD, THE UNIVERSITY RETAINS COMPLETE USE OF THE BUILDING AND IMPROVEMENTS ON THE 327-ACRE PROPERTY, INCLUDING THE ABILITY TO LEASE FACILITIES AND TO RETAIN ANY AND ALL RENT FROM SUCH LEASES, FURTHER ASSISTING THE UNIVERSITY OF SOUTH ALABAMA IN ITS MISSION OF EDUCATIONAL PURPOSES. THIS PURCHASE PROVIDED THE UNIVERSITY WITH THE FUNDS TO FURTHER ITS TAX-EXEMPT PURPOSE, AND ENABLE THE UNIVERSITY TO FOCUS ITS ACTIVITIES MORE ON PROVISION OF EDUCATION AND LESS ON THE OWNERSHIP OF PROPERTY. THE PROPERTY, KNOWN AS THE BROOKLEY CAMPUS, IS HELD IN A SUBSIDIARY OF THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION, BROOKLEY BAY FRONT PROPERTIES, LLC. BROOKLEY BAY FRONT PROPERTIES, LLC IS CLASSIFIED AS A DISREGARDED ENTITY AS IS LISTED ON SCHEDULE R, PART I. BROOKLEY BAY FRONT PROPERTIES LLC PO BOX 3148 MOBILE AL 366523148 273506316 REAL ESTATE AL 0 60834847 UNIVERSITY OF SOUTH ALABAMA FOUNDATION KNOLLWOOD DEVELOPMENT INC PO BOX 3148 MOBILE AL 366523148 631053940 REAL ESTATE AL UNIVERSITY OF SOUTH ALABAMA FOUNDATION C 1513490 1.00000 1 SHUBUTA TIMBER SERVICES INC PO BOX 3148 MOBILE AL 366523148 631234748 TIMBER SERVICES AL UNIVERSITY OF SOUTH ALABAMA FOUNDATION C 49041 46463 1.00000 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 0 0 SHUBUTA TIMBER SERVICES INC J 64820 SHUBUTA TIMBER SERVICES INC P 145000