2014-02-05T13:31:44-06:00 2013-06-30 KPMG LLP 300 North Greene Street Suite 400 Greensboro NC 27401 990 2012-07-01 237310293 UNIVERSITY OF MISSISSIPPI FOUNDATION % MAGGIE ABERNATHY UNIV 6629155944 PO BOX 249 MEMORY HOUSE Suite UNIVERSITY MS 386770249 MAGGIE E ABERNATHY 6629153851 2014-01-30 true 3362753394 2012 2015-11-30 17:44:51Z MR WENDELL WEAKLEY UNIV OF MS FOUNDATION UNIVERSITY MS 38677 144626477 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 28 16 28 -57044 -75916 35673125 27381744 1600101 1551664 5089984 7097641 366221 340282 42729431 36371331 32529999 30204818 0 0 1535188 1779961 401532 267184 1182092 2681495 2366207 37148214 34618170 5581217 1753161 338435850 367324878 33416874 33154169 305018976 334170709 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 14407317 14407317 UNIVERSITY PROGRAMS - TRANSFERS TO THE UNIVERSITY TO BE USED TO PROVIDE NON-ACADEMIC PROGRAMS AND ACTIVITIES, SUCH AS HONORS PROGRAMS, LIBRARIES, AND SPECIAL EVENTS 7237850 7237850 SCHOLARSHIPS - TRANSFERS TO THE UNIVERSITY FOR DIRECT STUDENT FINANCIAL SUPPORT. 5420082 5420082 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. 3814823 3209569 30880072 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 69 0 true 16 true true true false false false false false false false false false X 29 28 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 40.0 0.5 X X 206337 0 49989 LOUIS BRANDT 0.01 X JAMES BROWN 0.01 X LARRY BRYAN 0.01 X ROLAND BURNS 0.01 X CHARLES CANNADA 0.01 X HUNTER CARPENTER 0.01 X YORK CRAIG JR 0.01 X MEREDITH CREEKMORE 0.01 X JANET FARRINGTON 0.01 X ROSE FLENORL 0.01 X MAYO FLYNT 0.01 X ROGER FRIOU 0.01 X MARTHA DALE FRITTS 0.01 X DON FRUGE 0.01 X SAMUEL HASKELL 0.01 X SARA HEDERMAN 0.01 X JAMIE HOUSTON 0.01 X ABBY MANNING 0.01 X SUSAN MCCORMICK 0.01 X MICHAEL MCREE 0.01 X MARKEEVA MORGAN 0.01 X CHARLES OVERBY 0.01 X ELIZABETH QUIRK 0.01 X ROBERT SEIBELS 0.01 X JOHN SUMMER 0.01 X SUZAN THAMES 0.01 X RODNEY TRIPLETT 0.01 X JON TURNER 0.01 X SANDRA M GUEST 40.0 X 123702 0 26748 MAGGIE E ABERNATHY 40.0 X 115061 0 24732 RONNIE D GUEST 40.0 X 121646 0 26455 566746 0 127924 4 false true false KPMG PO Box 120001 DALLAS TX 753120561 AUDITING AND TAX SER 118750 RUFFALO CODY PO BOX 3018 CEDAR RAPIDS IA 52406 FUNDRAISING 318009 2 9400 6929267 20443077 4288850 27381744 UMMC PROGRAM REIMBURSEMENTS 611710 929681 929681 FOOTBALL GAME TICKETS 611710 452997 452997 CONTINUING EDUCATION FEES 611430 142122 142122 MEMBERSHIP DUES 611710 8309 8309 STUDENT LOAN INTEREST 611710 7549 7549 11006 11006 1551664 6916526 -57044 6973570 0 38880 38880 515000 102460 412540 0 412540 412540 108135400 107954285 181115 181115 181115 87263 9400 198401 -111138 -111138 0 0 0 36371331 1551664 -57044 7494967 30204818 30204818 0 0 0 566746 566746 0 829544 644977 184567 181876 181876 115641 115641 86154 86154 395616 395616 0 127222 127222 70000 70000 267184 267184 0 0 223950 5440 218510 247117 68395 107385 71337 68304 36403 31901 0 18362 451 15623 2288 938226 530853 19317 388056 0 14283 14283 0 0 189570 189570 65560 65560 UMMC FUND EXPENSES 6294 2328 3966 DUES AND SUBSCRIPTIONS 1588 1588 OTHER 115 115 34618170 30880072 2556006 1182092 0 0 2747334 4496639 19675498 11105873 0 0 0 0 0 0 0 0 0 0 0 0 4856150 1767811 3200638 3088339 199468322 207805841 104179255 137137014 0 0 0 0 9164803 3691172 338435850 367324878 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 33416874 33154169 33416874 33154169 X 11295599 20210496 123377256 134997987 170346121 178962226 305018976 334170709 338435850 367324878 X 1753161 24431152 2967420 X false true X true false X false false false 29102427 24104783 26304673 35673125 27381744 142566752 0 0 29102427 24104783 26304673 35673125 27381744 142566752 46128007 96438745 10435612 10195810 9869915 6476823 7470406 44448566 34630 0 0 34630 1377595 26144 6589 5880 0 1416208 188466156 21967613 0.51170 0.54798 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false false false true 70000 70000 false LOBBYING ACTIVITIES 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 214603113 19214444 25698620 8209170 251307007 219164513 7797504 -5021259 7337645 214603113 184023095 7781885 34250933 6891400 219164513 154131254 9961425 23697783 3767367 184023095 186234060 7309781 -30375798 9036789 154131254 0.00072 0.72694 0.27379 false false 300000 300000 2435856 1136582 1299274 77262 49326 27936 2043032 581903 1461129 3088339 REAL ESTATE TYPE INVESTMENTS 17584050 F HEDGE AND VENTURE FUNDS 119552964 F 137137014 0 FUNDS HELD FOR OTHERS 21485622 REMAINDER TRUST LIABILITIES 7425349 OTHER LIABILITIES 4243198 33154169 63718300 24431152 2967420 27398572 36319728 51603 51603 36371331 34566567 34566567 51603 51603 34618170 INTENDED USE OF ORGANIZATION'S ENDOWMENT FUNDS PART V, LINE 4 THE FOUNDATION INTENDS TO USE THE ENDOWMENTS FOR THE BENEFIT OF THE UNIVERSITY OF MISSISSIPPI BY PROVIDING FUNDING FOR SCHOLARSHIPS AND OTHER UNIVERSITY ACTIVITIES. OTHER RECONCILIATION OF REVENUE PART XI, LINE 2D CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 2,953,039 CHANGE IN CASH SURRENDER VALUE - LIFE INSURANCE 14,381 ----------- TOTAL 2,967,420 OTHER RECONCILIATION OF REVENUE PART XI, LINE 4B INVESTMENT MANAGEMENT FEES 395,616 RENTAL EXPENSES (102,460) CREDIT CARD INCOME, NET OF EXPENSES (43,151) FUNDRAISING EXPENSES (198,402) ----------- TOTAL 51,603 OTHER RECONCILIATION OF EXPENSES PART XII, LINE 4B INVESTMENT MANAGEMENT FEES 395,616 RENTAL EXPENSES (102,460) CREDIT CARD INCOME, NET OF EXPENSES (43,151) FUNDRAISING EXPENSES (198,402) ----------- TOTAL 51,603 X X X X X true RUFFALO CODY PHONE SOLICITING false 461062 342711 118351 461062 342711 118351 AL AK AR 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 PA RI SC TN UT VA WA WV WI BENEFIT CONCERT 46380 46380 1500 18283 100000 39727 FALL EVENT 29496 9400 20096 15809 4 20787 20787 2000 16081 1100 3901 96663 9400 87263 3500 34364 101100 59437 198401 -111138 true UNIVERSITY OF MISSISSIPPI 216 LYCEUM UNIVERSITY MS 38677 646001159 501(c)(3) 25973191 263635 COMP SALES VARIOUS SEE PART IV UNIVERSITY OF MISSISSIPPI MEDICAL CENTER 2500 NORTH STATE STREET JACKSON MS 39216 646008520 501(C)(3) 4037992 SEE PART IV 2 MONITORING PROCEDURES OF FUNDS IN THE US PART I, LINE 2 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. PURPOSE OF GRANTS PART II, LINE 1 GRANTS PAID TO THE UNIVERSITY OF MISSISSIPPI ACADEMIC EXCELLENCE: 5,420,082, UNIVERSITY SUPPORT: 13,315,259, SCHOLARSHIPS: 7,237,850 VARIOUS NON-CASH ASSETS: 263,635. GRANTS PAID TO THE UNIVERSITY OF MISSISSIPPI MEDICAL CENTER TO FUND OPERATIONAL EXPENSES OF THE MEDICAL CENTER 4,037,992. X false false false false false false false false false WENDELL WEAKLEY 206337 0 0 0 0 0 31501 0 18488 0 256326 0 0 0 SANDRA M GUEST 123702 0 0 0 0 0 19354 0 7394 0 150450 0 0 0 COMPENSATION PROCESS SCHEDULE J, PART I, LINE 3 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 7 172300 APPRAISAL X 63298 COMPARABLE SALES X 62 3681120 AVERAGE HIGH-LOW X RUGS 1 220490 APPRAISAL X LAND/TIMBER 1 129980 APPRAISAL X LETTERS & MANUSCRIPTS 2 9050 APPRAISAL X TELESCOPES 1 7040 COMPARABLE SALES X WINE 1 1440 ACTUAL COST X TRIP 1 1000 ACTUAL COST X PHOTOS & VIDEO 4 862 COMPARABLE SALES X MISCELLANEOUS 5 2270 ACTUAL COST 5 false true true OTHER PROGRAM SERVICES PART III, LINE 4D OTHER PROGRAM EXPENSES - FUNDS TRANSFERRED FOR UNIVERSITY FACILITIES, SALARY, OFFICE, TRAVEL, PROMOTION, ETC. COMPLIANCE POLICY PART VI, 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. 990 REVIEW PART VI, LINE 11B 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. 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.UMF.OLEMISS.EDU. FAMILY RELATIONSHIP PART VI, LINE 2 SANDRA M. GUEST, VICE-PRESIDENT/SECRETARY AND RONNIE D. GUEST, DIRECTOR OF FOUNDATION SERVICES HAVE A FAMILY RELATIONSHIP. CHANGES IN NET ASSETS PART XI, LINE 9 CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 2,953,039 CHANGE IN CASH SURRENDER VALUE - LIFE INSURANCE 14,381 ----------- TOTAL 2,967,420 UNIV OF MISS FOUNDATION REALTY LLC PO Box 249 UNIVERSITY MS 38677 205945758 REAL ESTATE MS 1326000 UMF ISOM PLACE LLC PO Box 249 UNIVERSITY MS 38677 640865754 FACILITY RENT MS 4800 741459 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 (16) 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 (7) 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 26236826 CASH PAID UNIVERSITY OF MISSISSIPPI MEDICAL CENTER B 4037992 CASH PAID MISSISSIPPI COMMON FUND TRUST C 6929267 CASH RECEIVED UNIVERSITY OF MISSISSIPPI J 149000 BILLING AGMT UNIVERSITY OF MISSISSIPPI L 359000 AFFL. AGMT RELATED TAX-EXEMPT ORGANIZATIONS SCHEDULE R, PART II, LINE 4 UNIVERSITY OF MISSISSIPPI FOUNDATION AND OLE MISS ATHLETICS FOUNDATION ARE DEEMED TO BE RELATED AS BROTHER/SISTER ORGANIZATIONS.