2015-01-27T15:08:04-06:00 2014-06-30 KPMG LLP 300 North Greene Street Suite 400 Greensboro NC 27401 990 2013-07-01 237310293 UNIVERSITY OF MISSISSIPPI FOUNDATION % MAGGIE ABERNATHY UNIV 6629155944 406 UNIVERSITY AVENUE Suite OXFORD MS 38655 MAGGIE ABERNATHY CFO/TREASURER 6629155944 2015-01-08 true ALLISON H FRANKLIN P00448640 6629155944 2013 2016-03-07 17:11:31Z X MR WENDELL WEAKLEY UNIV OF MS FOUNDATION OXFORD MS 38655 153384844 false X WWW.UMF.OLEMISS.EDU X 1973 MS THE FOUNDATION IS RESPONSIBLE FOR RECEIVING, RECEIPTING, INVESTING, AND DISTRIBUTING GIFTS FOR THE BENEFIT OF THE UNIVERSITY OF MISSISSIPPI 29 27 17 27 -753535 -776465 27381744 44423112 1551664 2233152 7097641 8418209 340282 553572 36371331 55628045 30204818 34647168 0 0 1779961 2166280 267184 307779 1221413 2366207 2662578 34618170 39783805 1753161 15844240 367324878 425285047 33154169 36017766 334170709 389267281 X 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. false false 22117483 22117483 UNIVERSITY PROGRAMS - TRANSFERS TO THE UNIVERSITY TO BE USED TO PROVIDE NON-ACADEMIC PROGRAMS AND ACTIVITIES, SUCH AS HONORS PROGRAMS, LIBRARIES, AND SPECIAL EVENTS 6530473 6530473 SCHOLARSHIPS - TRANSFERS TO THE UNIVERSITY FOR DIRECT STUDENT FINANCIAL SUPPORT. 4201807 4201807 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. 3204816 1797405 36054579 true true false true false false false false false true true true false false true false true false false false false false false true true false false true false true false false false false false false false false true true false false true true true false false false true 59 0 true 17 true true true false false false false false false false false false X 29 27 true false false false false false false true true false false true true true true true true true true false AK AR CA CO CT FL LA MD MA MS NH NJ NY OH UT WA WV X X MAGGIE ABERNATHY 6629153851 406 UNIVERSITY AVENUE OXFORD MS 38655 WENDELL WEAKLEY PRESIDENT/CEO 40.0 0.5 X X 225000 0 52497 LOUIS BRANDT DIRECTOR 0.01 X JAMES BROWN DIRECTOR 0.01 X CHARLES CANNADA DIRECTOR - CHAIR 0.01 X HUNTER CARPENTER DIRECTOR 0.01 X JAMES CARPENTER DIRECTOR 0.01 X REATHA CLARK DIRECTOR 0.01 X ROSE FLENORL DIRECTOR 0.01 X MAYO FLYNT DIRECTOR 0.01 X ROGER FRIOU DIRECTOR 0.01 X MARTHA DALE FRITTS DIRECTOR 0.01 X DON FRUGE DIRECTOR 0.01 X WALTON GRESHAM DIRECTOR 0.01 X HENRY HEDERMAN DIRECTOR 0.01 X JAMIE HOUSTON DIRECTOR 0.01 X TRENTICE IMBLER DIRECTOR 0.01 X MATTHEW LUSCO DIRECTOR 0.01 X SUSAN MCCORMICK DIRECTOR 0.01 X MICHAEL MCREE DIRECTOR 0.01 X VICTOR MEENA DIRECTOR 0.01 X KAREN MOORE DIRECTOR 0.01 X MARKEEVA MORGAN DIRECTOR 0.01 X CHARLES OVERBY DIRECTOR 0.01 X JOHN SUMMER DIRECTOR 0.01 X SUZAN THAMES DIRECTOR 0.01 X RODNEY TRIPLETT DIRECTOR 0.01 X JON TURNER DIRECTOR 0.01 X WILLIAM YATES DIRECTOR 0.01 X JOSEPH WARD DIRECTOR 0.01 40.0 X 181586 19001 SANDRA M GUEST VICE PRESIDENT/SECRETARY 40.0 X 144000 0 30281 MAGGIE E ABERNATHY TREASURER/CFO 40.0 X 125620 0 26831 RONNIE D GUEST DIRECTOR-FOUNDATION SERVICES 40.0 X 130977 0 28150 625597 181586 156760 4 false true false KPMG PO Box 120001 DALLAS TX 753120561 AUDITING AND TAX SER 112749 RUFFALO CODY PO BOX 3018 CEDAR RAPIDS IA 52406 FUNDRAISING 401699 VANGUARD PO BOX 1110 VALLEY FORGE PA 194821110 EMPLOYEE SERVICES 305966 3 3391976 41031136 8455550 44423112 UMMC PROGRAM REIMBURSEMENTS 611710 1361391 1361391 FOOTBALL GAME TICKETS 611710 643896 643896 CONTINUING EDUCATION FEES 611430 45886 45886 MEMBERSHIP DUES 611710 2220 2220 STUDENT LOAN INTEREST 611710 5197 5197 174562 174562 2233152 6559939 -753535 7313474 0 33507 33507 598114 102810 495304 0 495304 495304 99468746 97610476 1858270 1858270 1858270 68274 43513 24761 24761 0 0 0 55628045 2233152 -753535 9725316 34647168 34647168 0 0 0 625597 625597 0 1106818 686378 420440 206364 206364 135482 135482 92019 92019 0 0 374640 139512 121875 113253 79826 79826 307779 307779 328034 328034 0 177451 78511 7935 91005 260669 128330 121042 11297 99100 49550 49550 0 47591 347 47244 895401 641881 30658 222862 0 9394 2632 5507 1255 0 0 187650 187650 44365 2483 41882 UMMC FUND EXPENSES 146163 142241 3922 DUES AND SUBSCRIPTIONS 12244 5855 6389 OTHER 50 50 39783805 36054579 2507813 1221413 0 0 4496639 5906694 11105873 20309684 0 0 0 0 0 0 0 0 0 0 0 0 4833834 1928559 3088339 2905275 207805841 220001752 137137014 173594776 0 0 0 0 3691172 2566866 367324878 425285047 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 33154169 36017766 33154169 36017766 X 20210496 18670882 134997987 177908495 178962226 192687904 334170709 389267281 367324878 425285047 X 15844240 39145788 106544 X false true X true false X false false false 24104783 26304673 35673125 27381744 44423112 157887437 0 0 24104783 26304673 35673125 27381744 44423112 157887437 45383823 112503614 10195810 9869915 6476823 7470406 7191560 41204514 0 34630 0 0 0 34630 26144 6589 5880 0 0 38613 199165194 31986411 0.56488 0.51170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false false false true 79826 79826 false SCHEDULE C, PART II-B, LINE 1I UNIVERSITY OF MISSISSIPPI FOUNDATION PAID JIM HENEGAN WITH BUTLER, SNOW ET AL. TO BE A LOBBYIST ON ITS BEHALF. false false 251307007 9486836 40123768 7300572 293617039 214603113 19214444 25698620 8209170 251307007 219164513 7797504 -5021259 7337645 214603113 184023095 7781885 34250933 6891400 219164513 154131254 9961425 23697783 3767367 184023095 0.34494 0.65506 false false 300000 300000 2435856 1228993 1206863 72933 43933 29000 2025044 655632 1369412 2905275 REAL ESTATE TYPE INVESTMENTS 18192578 F HEDGE AND VENTURE FUNDS 155402198 F 173594776 0 FUNDS HELD FOR OTHERS 24213270 REMAINDER TRUST LIABILITIES 7657837 OTHER LIABILITIES 4146659 36017766 95070606 39145788 106544 39252332 55818274 -190229 -190229 55628045 39974034 39974034 -190229 -190229 39783805 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. PART XI, LINE 2D OTHER RECONCILIATION OF REVENUE CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS (9,197) CHANGE IN CASH SURRENDER VALUE - LIFE INSURANCE 115,741 ----------- TOTAL 106,544 PART XI, LINE 4B OTHER RECONCILIATION OF REVENUE RENTAL EXPENSES (102,810) CREDIT CARD INCOME, NET OF EXPENSES (43,906) FUNDRAISING EXPENSES (43,513) ----------- TOTAL (190,229) PART XII, LINE 4B OTHER RECONCILIATION OF EXPENSES RENTAL EXPENSES (102,810) CREDIT CARD INCOME, NET OF EXPENSES (43,906) FUNDRAISING EXPENSES (43,513) ----------- TOTAL (190,229) X X X X X true RUFFALO CODY PHONE SOLICITING false 676313 401699 274614 DIRECTLINE TECHNOLOGIES INC PHONE SOLICITING false 37954 32314 5640 MAHAFFEY'S QUALITY PRINTING MAIL SOLICITING false 69502 19371 50131 783769 453384 330385 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY KENTUCKY DERBY 23636 23636 1250 6170 1000 4746 SQUARE TOAST 17928 17928 2500 428 4806 5 26710 26710 6434 7157 9023 68274 68274 10184 13755 1000 18575 43514 24760 true UNIVERSITY OF MISSISSIPPI 216 LYCEUM UNIVERSITY MS 38677 646001159 501(c)(3) 34043834 461605 COMP SALES VARIOUS SEE PART IV UNIVERSITY OF MISSISSIPPI MEDICAL CENTER 2500 NORTH STATE STREET JACKSON MS 39216 646008520 501(C)(3) 3141729 SEE PART IV 2 PART I, LINE 2 MONITORING PROCEDURES OF 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 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: 4,201,807 UNIVERSITY SUPPORT: 22,117,483, SCHOLARSHIPS: 7,237,850 VARIOUS NON-CASH ASSETS: 461,605. GRANTS PAID TO THE UNIVERSITY OF MISSISSIPPI MEDICAL CENTER TO FUND OPERATIONAL EXPENSES OF THE MEDICAL CENTER 3,141,729. X X false false false false false false false false false WENDELL WEAKLEY PRESIDENT/CEO 225000 0 0 0 0 0 35438 0 17059 0 277497 0 0 0 JOSEPH WARD DIRECTOR 181586 0 0 17216 1785 200587 0 SANDRA M GUEST VICE PRESIDENT/SECRETARY 144000 0 0 0 0 0 22680 0 7601 0 174281 0 0 0 MAGGIE E ABERNATHY TREASURER/CFO 125620 0 0 0 0 0 19785 0 7046 0 152451 0 0 0 RONNIE D GUEST DIRECTOR-FOUNDATION SERVICES 130977 0 0 0 0 0 20629 0 7521 0 159127 0 0 0 SCHEDULE J, PART I, LINE 3 COMPENSATION PROCESS IN ORDER TO ESTABLISH THE COMPENSATION OF THE FOUNDATION'S CEO/EXECUTIVE DIRECTOR, PROPOSED ADJUSTMENTS ARE PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR INDIVIDUAL APPROVAL. THE FOUNDATION HAS PARTICPATED IN AN INDEPENDENT COMPENSATION STUDY CONDUCTED BY MCCONNELL & COMPANY TO COMPARE THE UNIVERSITY OF MISSISSIPPI FOUNDATION COMPENSATION AMOUNTS TO THAT OF OTHER SEC FOUNDATIONS. X 8 32900 APPRAISAL X 85700 COMPARABLE SALES X 62 1946246 AVERAGE HIGH-LOW X 2 6012000 APPRAISAL X 2 1100 COMPARABLE SALES X EQUIPMENT 5 334610 ACTUAL COST X TIMBER 1 40000 APPRAISAL X WINE 1 1440 ACTUAL COST X MISCELLANEOUS 7 1553 ACTUAL COST 2 false true true PART III, LINE 4D OTHER PROGRAM SERVICES OTHER PROGRAM EXPENSES - FUNDS TRANSFERRED FOR UNIVERSITY FACILITIES, SALARY, OFFICE, TRAVEL, PROMOTION, ETC. PART VI, LINE 12C COMPLIANCE POLICY 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. PART VI, LINE 11B FORM 990 REVIEW AS PER THE FOUNDATION BY-LAWS AND THE CHARTER OF THE AUDIT COMMITTEE, THE AUDIT COMMITTEE REVIEWS THE FORM 990 WITH FOUNDATION MANAGEMENT. THIS IS DOCUMENTED IN THE COMMITTEE MINUTES. THE 990 IS EMAILED TO EACH MEMBER OF THE GOVERNING BODY PRIOR TO THE FILING OF THE RETURN. PART VI, LINE 19 PUBLIC AVAILABILITY OF DOCUMENTS 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.UMF.OLEMISS.EDU. PART VI, LINE 2 FAMILY RELATIONSHIP SANDRA M. GUEST, VICE-PRESIDENT/SECRETARY AND RONNIE D. GUEST, DIRECTOR OF FOUNDATION SERVICES HAVE A FAMILY RELATIONSHIP. PART XI, LINE 9 CHANGES IN NET ASSETS CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS (9,197) CHANGE IN CASH SURRENDER VALUE - LIFE INSURANCE 115,741 ----------- TOTAL 106,544 UNIV OF MISS FOUNDATION REALTY LLC PO Box 249 UNIVERSITY MS 38677 205945758 REAL ESTATE MS 0 1716000 UMF ISOM PLACE LLC PO Box 249 UNIVERSITY MS 38677 640865754 FACILITY RENT MS 13300 777930 UMF MISSISSIPPI COMMON FUND TRUST POST OFFICE BOX 249 MEMORY HOUSE UNIVERSITY MS 38677 640875827 FUNDRAISING MS 501(C)(3) PF UMF true UNIVERSITY OF MISSISSIPPI 216 LYCEUM UNIVERSITY MS 38677 646001159 PUBLIC UNIV MS 509(a)(1) NA false UNIVERSITY OF MISSISSIPPI MEDICAL CENTER 2500 NORTH STATE STREET JACKSON MS 39216 646008520 MEDICAL UNIV MS 501(C)(3) NA false OLE MISS ATHLETICS FOUNDATION PO BOX 355 UNIVERSITY MS 38677 640474850 ATHLETICS MS 501(C)(3) 5 UM false CHARITABLE REMAINDER UNITRUST (13) PO BOX 249 UNIVERSITY MS 38677 TRUST MS UMF TRUST CHARITABLE LEAD UNITRUST (1) PO BOX 249 UNIVERSITY MS 38677 TRUST MS UMF TRUST CHARITABLE REMAINDER ANNUITY TRUST (6) PO BOX 249 UNIVERSITY MS 38677 TRUST MS UMF TRUST false true true false false false false false true false true false true false false false false false UNIVERSITY OF MISSISSIPPI B 31505439 CASH PAID UNIVERSITY OF MISSISSIPPI MEDICAL CENTER B 3141729 CASH PAID MISSISSIPPI COMMON FUND TRUST C 3391976 CASH RECEIVED UNIVERSITY OF MISSISSIPPI J 155000 BILLING AGMT UNIVERSITY OF MISSISSIPPI L 425000 AFFL. AGMT 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.