2011-05-13T09:51:44-05:00 2010-06-30 KPMG LLP 50 North Front Street Suite 900 Memphis TN 38103 990 2009-07-01 237310293 UNIVERSITY OF MISSISSIPPI FOUNDATION UNIV 6629155944 POST OFFICE BOX 249 MEMORY HOUSE UNIVERSITY MS 386770249 MAGGIE ABERNATHY 2011-05-12 true 9015233131 2009 2016-02-24 21:20:13Z Mr Wendell Weakley UNIV OF MS FOUNDATION UNIVERSITY MS 38677 73333446 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 27 27 14 29 0 -2982 29102427 24104783 1104702 3067129 7931856 7799693 2146924 427180 40285909 35398785 35317617 29287292 0 0 1166467 1258736 329313 375205 825312 3380233 2675702 40193630 33596935 92279 1801850 283952315 324520900 22898064 38688419 261054251 285832481 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 10541777 10541777 UNIVERSITY PROGRAMS - TRANSFERS TO THE UNIVERSITY TO BE USED TO PROVIDE NON-ACADEMIC PROGRAMS AND ACTIVITIES, SUCH AS HONORS PROGRAMS, LIBRARIES, AND SPECIAL EVENTS 7484015 7484015 SCHOLARSHIPS - TRANSFERS TO THE UNIVERSITY FOR DIRECT STUDENT FINANCIAL SUPPORT. 5161700 5147428 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. 6438189 6114072 29625681 true true false false false false false false true true true false false false false false false true true false false true false true false false false false false false false false true false false false true true true false false false 61 0 true 14 true true false false false false false false false false 27 27 true false false false false false false true true false false true true true true true true false false false MS X X MAGGIE ABERNATHY 6629153851 406 UNIVERSITY AVENUE OXFORD MS 38655 WENDELL W WEAKLEY 40.0 X X 189197 0 47114 ROBERT R BAILESS 0.01 X LOUIS K BRANDT 0.01 X DAVID E BREVARD 0.01 X CHARLES T CANNADA 0.01 X JAMES O CARPENTER 0.01 X CHARLES C CLARK 0.01 X MEREDITH W CREEKMORE 0.01 X WILLIAM M DALEHITE JR 0.01 X JAN G FARRINGTON 0.01 X ROGER P FRIOU 0.01 X MARTHA DALE FRITTS 0.01 X DON L FRUG 0.01 X T MICHAEL GLENN 0.01 X DIANE T HOLLOWAY 0.01 X JAMIE G HOUSTON 0.01 X J CAL MAYO JR 0.01 X MICHAEL T MCREE 0.01 X A BRUCE MOORE JR 0.01 X ELIZABETH W QUIRK 0.01 X MARY SHARP RAYNER 0.01 X SUZAN THAMES 0.01 X JANE THOMAS ROGERS 0.01 X JON C TURNER 0.01 X ALLEN H CROSSWELL 0.01 X WILLIAM T MAY 0.01 X MARKEEVA A MORGAN 0.01 X SANDRA M GUEST 40.0 X 109444 23004 M ELISABETH CHOW 40.0 X 93043 20398 RONNIE D GUEST 40.0 X 107368 22684 499052 0 113200 3 false true false RUFFALO CODY PO BOX 3018 CEDAR RAPIDS IA 52406 FUNDRAISING SERVICES 282846 1 3390840 20713943 1930479 24104783 UMMC PROGRAM REIMBURSEMENTS 611710 1032308 1032308 MANAGEMENT FEES 541610 1045593 1045593 OTHER INCOME 900099 280366 280366 BOOK, PARKING AND EVENT PROCEEDS 611710 621931 621931 CONTINUING EDUCATION FEES 611430 27882 27882 59049 59049 3067129 9440961 9440961 0 115570 115570 639279 372559 266720 266720 266720 35899522 37540790 -1641268 -1641268 -1641268 40058 21312 18746 18746 0 0 LIFE INSURANCE PROCEEDS 525100 26144 26144 26144 35398785 3067129 8226873 29287292 29287292 0 0 0 499052 499052 0 448719 421738 26981 129782 129782 119785 119785 61398 61398 0 0 115355 115355 0 375205 375205 1451694 1451694 0 178551 2070 176481 220981 60748 95215 65018 61488 30744 30744 0 17503 -3384 20887 425087 285605 14204 125278 0 23345 23345 0 0 134355 134355 35525 -6650 42175 DUES AND SUBSCRIPTIONS 3704 3704 CREDIT CARD EXPENSE 2779 2779 UMMC FUND EXPENSES 5335 3075 2260 33596935 29625681 3145942 825312 3671027 8862840 22273648 19394674 3344644 1352443 2087430 1992201 209590720 223200571 40956859 56327045 5372631 14743569 283952315 324520900 22898064 38688419 22898064 38688419 X -2231842 4806645 123853162 130827278 139432931 150198558 261054251 285832481 283952315 324520900 X false true true X false X false false false 27649268 26517989 30893175 29102427 24104783 138267642 27649268 26517989 30893175 29102427 24104783 138267642 30137510 108130132 10259884 11582344 14112380 10435612 10195810 56586030 11609476 2090112 1377595 26144 15103327 209956999 4171831 0.51501 0.51259 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 154131254 9961425 23697783 3767367 184023095 186234060 7309781 -30375798 9036789 154131254 0.01306 0.80366 0.20941 false false 300000 300000 3044644 1352443 1692201 1992201 CERTIFICATES OF DEPOSIT 506615 F REAL ESTATE TYPE INVESTMENTS 18603780 F HEDGE AND VENTURE FUNDS 37216650 F 56327045 0 FUNDS HELD FOR OTHERS 17719982 REMAINDER TRUST LIABILITIES 4356502 OTHER LIABILITIES 16611935 38688419 35398785 33596935 1801850 22396024 580356 22976380 24778230 57745325 22396024 580356 22976380 34768945 629840 629840 35398785 32967095 32967095 629840 629840 33596935 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 BETWEEN NET ASSETS, FINANCIAL STMTS, AND RETURN PART XI, LINE 8 AND PART XII, LINE 2D CHANGE IN VALUE OF THE UNREALIZED INVESTMENT IN SPLIT INTEREST AGREEMENTS AND CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES. OTHER RECONCILIATION BETWEEN NET ASSETS, FINANCIAL STMTS, AND RETURN PART XII, LINE 4B INVESTMENT MANAGEMENT FEES THAT ARE NETTED WITH INTEREST AND DIVIDEND INCOME IN THE AUDITED FINANCIAL STATEMENT, BUT NOT REPORTED SEPARATELY FOR TAX RETURN PURPOSES IN PART VIII, LINE 3: 1,451,694; RENTAL EXPENSES THAT ARE NETTED WITH RENTAL INCOME IN PART VIII, LINE 6, BUT REPORTED SEPARATELY AS AN EXPENSE FOR AUDITED FINANCIAL STATEMENT PURPOSES: (372,559); CREDIT CARD INCOME THAT IS REPORTED NET OF CREDIT CARD EXPENSES IN PART IX, LINE 24B: (26,500); FUNDRAISING EXPENSES THAT ARE REPORTED NET OF FUNDRAISING INCOME INC PART VIII, LINE 12, BUT REPORTED SEPARATELY AS AN EXPENSE FOR AUDITED FINANCIAL STATEMENT PURPOSES: (21,313); OTHER INCOME REPORTED BY UMMC FROM UNIVERSITY OF MISSISSIPPI FOUNDATION THAT THE TAX RETURN HAS NETTED AGAINST THE GRANTS PAID: (401,482). OTHER RECONCILIATION OF EXPENSES PER AFS WITH EXPENSES ON RETURN PART XIII, LINE 4B INVESTMENT MANAGEMENT FEES THAT ARE NETTED WITH INTEREST AND DIVIDEND INCOME IN THE AUDITED FINANCIAL STATEMENTS, BUT ARE SHOWN SEPARATELY FOR TAX RETURN PURPOSES ON PART IX, LINE 11F: 1,451,694; RENTAL EXPENSES THAT ARE NETTED WITH RENTAL INCOME IN PART VIII, LINE 6 BUT REPORTED SEPARATELY AS EXPENSES FOR AUDITED FINANCIAL STATEMENT PURPOSES: (372,559).CREDIT CARD INCOME THAT IS REPORTED NET OF CREDIT CARD EXPENSES IN PART IX, LINE 24B: (26,500); FUNDRAISING EXPENSES THAT ARE REPORTED NET OF FUNDRAISING INCOME INC PART VIII, LINE 12, BUT REPORTED SEPARATELY AS AN EXPENSE FOR AUDITED FINANCIAL STATEMENT PURPOSES: (21,313); OTHER INCOME REPORTED BY UMMC FROM UNIVERSITY OF MISSISSIPPI FOUNDATION THAT THE TAX RETURN HAS NETTED AGAINST THE GRANTS PAID: (401,482). X X X X true RUFFALO CODY PHONE SOLICITING false 517987 282846 235141 JM PERRONE MAIL SOLICITING false 92967 16781 76186 MAHAFFAY'S QUALITY PRINTING MAIL SOLICITING false 171746 33392 138354 782700 333019 449681 MS LIBRARY GALA 17525 17525 3950 1332 1400 1643 UMMC TASTE 16470 16470 190 165 4468 1 6063 6063 3000 2550 550 2064 40058 40058 3950 4332 2740 2115 8175 21312 18746 true UNIVERSITY OF MISSISSIPPI 216 LYCEUM UNIVERSITY MS 38677 646001159 501(c)(3) 26349125 71889 APPRAISAL LAND SEE PART IV UNIVERSITY OF MISSISSIPPI MEDICAL CENTER 2500 NORTH STATE STREET JACKSON MS 39216 646008520 501(C)(3) 2866278 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 TO MONEY IS DISBURSED. PURPOSE OF GRANTS PART II, LINE 1 GRANTS PAID TO THE UNIVERSITY OF MISSISSIPPI ACADEMIC EXCELLENCE: 5,147,428, UNIVERSITY SUPPORT: 10,541,777, LIBRARIES: 435,676, SCHOLARSHIPS: 7,484,015, ALUMNI ASSOCIATIONS: 268,721, ALL OTHER UNIVERSITY GRANTS: 2,471,508, LAND: 71,889. GRANTS PAID TO THE UNIVERSITY OF MISSISSIPPI MEDICAL CENTER: 2,892,925; TO FUND OPERATIONAL EXPENSES OF THE MEDICAL CENTER. X false false false false false false false false false WENDELL W WEAKLEY 189197 0 0 0 0 0 28380 0 18735 0 236312 0 0 0 X 1 250 APPRAISAL X 37273 COMPARABLE SALES X 50 THRIFT SHOP VALUE X 25 1135469 AVERAGE HIGH-LOW X 1 750000 APPRAISAL X 1 2500 COMPARABLE SALES X Tents & Lights 1 4489 INVOICE PRICE X Computer 1 448 INVOICE PRICE 4 false true false 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 11A 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 TAX 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.UMFOUNDATION.COM. FAMILY RELATIONSHIP PART VI, LINE 2 SANDRA M. GUEST, VICE-PRESIDENT/SECRETARY AND RONNIE D. GUEST, DIRECTOR OF FOUNDATION SERVICES HAVE A FAMILY RELATIONSHIP. UNIV OF MISS FOUNDATION REALTY LLC PO Box 249 UNIVERSITY MS 38677 205945758 REAL ESTATE MS 10196000 UMF ISOM PLACE LLC PO Box 249 UNIVERSITY MS 38677 640865754 FACILITY RENT MS 9800 844507 UMF MISSISSIPPI COMMON FUND TRUST POST OFFICE BOX 249 MEMORY HOUSE UNIVERSITY MS 38677 640875827 FUNDRAISING MS 501(C)(3) N/A UMF UNIVERSITY OF MISSISSIPPI 216 LYCEUM UNIVERSITY MS 38677 646001159 PUBLIC UNIV MS 501(C)(3) N/A NA UNIVERSITY OF MISSISSIPPI MEDICAL CENTER 2500 NORTH STATE STREET JACKSON MS 39216 646008520 MEDICAL UNIV MS 501(C)(3) N/A NA DR AND MRS RALPH BROCK CRUT PO BOX 249 UNIVERSITY MS 38677 646217012 TRUST MS UMF TRUST 0 0 BECKETT & MARY HARTWELL HOWORTH CRUT PO BOX 249 UNIVERSITY MS 38677 646224338 TRUST MS UMF TRUST 0 0 BEVERLY B WALLER CRUT PO BOX 249 UNIVERSITY MS 38677 581893866 TRUST MS UMF TRUST 0 0 CHARLES AND SARAH W CARMICHAEL CRUT PO BOX 249 UNIVERSITY MS 38677 206400164 TRUST MS UMF TRUST 0 0 DR BLAIR E BATSON 2002 CRUT PO BOX 249 UNIVERSITY MS 38677 486398401 TRUST MS UMF TRUST 0 0 DR JOHN M PEARSON 2000 CRUT PO BOX 249 UNIVERSITY MS 38677 912133078 TRUST MS UMF TRUST 0 0 ELIZABETH CUMMINGS FORTUNE CLUT #2 PO BOX 249 UNIVERSITY MS 38677 646213195 TRUST MS UMF TRUST 0 0 ELMO HOWELL CRAT PO BOX 249 UNIVERSITY MS 38677 646220324 TRUST MS UMF TRUST 0 0 ELMO HOWELL CRAT II PO BOX 249 UNIVERSITY MS 38677 736345578 TRUST MS UMF TRUST 0 0 JESSIE D PUCKETT JR CRUT PO BOX 249 UNIVERSITY MS 38677 646214363 TRUST MS UMF TRUST 0 0 JOHN & MARY KEETON UNITRUST PO BOX 249 UNIVERSITY MS 38677 486398400 TRUST MS UMF TRUST 0 0 JOHN & MARGARET KEETON JR CRUT #2 PO BOX 249 UNIVERSITY MS 38677 206399981 TRUST MS UMF TRUST 0 0 JOHN & MARGARET KEETON CRUT III PO BOX 249 UNIVERSITY MS 38677 207274306 TRUST MS UMF TRUST 0 0 LUCIAN S MINOR 2001 CRAT PO BOX 249 UNIVERSITY MS 38677 900036090 TRUST MS UMF TRUST 0 0 LUCIAN S MINOR CRAT PO BOX 249 UNIVERSITY MS 38677 726176569 TRUST MS UMF TRUST 0 0 ROSE CALIFF GROSS CHARITABLE TRUST PO BOX 249 UNIVERSITY MS 38677 486398396 TRUST MS UMF TRUST 0 0 ROY & SEREDA SHEFFIELD 2003 CRAT PO BOX 249 UNIVERSITY MS 38677 876265424 TRUST MS UMF TRUST 0 0 SALLIE & BRUCE DILLINGHAM JR 1999 CRUT PO BOX 249 UNIVERSITY MS 38677 912054322 TRUST MS UMF TRUST 0 0 T A LILES JR CRUT PO BOX 249 UNIVERSITY MS 38677 646217246 TRUST MS UMF TRUST 0 0 VIRGINIA M DEIBERT CRUT PO BOX 249 UNIVERSITY MS 38677 646205111 TRUST MS UMF TRUST 0 0 WILL A & DEWEY HICKMAN 1996 CRUT PO BOX 249 UNIVERSITY MS 38677 726176567 TRUST MS UMF TRUST 0 0 LUCIAN S & MARY W MINOR CRAT PO BOX 249 UNIVERSITY MS 38677 266259159 TRUST MS UMF TRUST 0 0 JOHN & MARGARET KEETON JR CRUT IV PO BOX 249 UNIVERSITY MS 38677 266259269 TRUST MS UMF TRUST 0 0 false true true false false false false false true false true false true true false false false false UNIVERSITY OF MISSISSIPPI B 26421014 UNIVERSITY OF MISSISSIPPI MEDICAL CENTER B 2866278 MISSISSIPPI COMMON FUND TRUST C 3390840 UNIVERSITY OF MISSISSIPPI I 139025 UNIVERSITY OF MISSISSIPPI K 254575 UNIVERSITY OF MISSISSIPPI N 124949