USM Foundation 2012 Annual Report

The University of Southern Mississippi Foundation

Annual Report

2012

A New Era Begins at

The University of Southern Mississippi

Words cannot adequately express my excitement and anticipation in being appointed as the new President of The University of Southern Mississippi. Southern Miss is a wonderful institution with an impressive national reputation, and I am honored to have been named its tenth President.

I appreciate the confidence placed in me by Commissioner Hank Bounds and the Board of Trustees of the Institutions of Higher Learning. I am grateful for all who participated in the search process. I truly hope my appointment will begin a new and exciting era for Southern Miss, and I trust you will join me for the journey.

Also, here at the outset of my administration, I thank you for your past support of the University through The University of Southern Mississippi Foundation. Through your generosity and the efforts of our faculty, staff and students, the University continues to add to its list of accomplishments while growing in prestige among research institutions. We have made and will continue to make a difference at Southern Miss.

There is much of which to be proud here. Our faculty, staff and students all work together to push the institution forward to new levels of greatness. And our loyal supporters, those just like you, remain committed to making The University of Southern Mississippi the very best it can be.

I look forward to meeting as many of you as I can as quickly as possible. You have played an important role in the history of the institution, and we must have you on board to have a successful future. As we band together, there is no doubt that bright days are ahead for Southern Miss, and I thank you for all you will do to ensure not only that we remain a university of distinction but that we indeed take...

Southern Miss to the Top!

Dr. Rodney D. Bennett President The University of Southern Mississippi

1

USM Foundation Board Members Larry Albert

Mike Collins

Julie Lennon

Mary Ann Stewart

Dawn Beam

Ric Corts

Shane Loper

Charlie Sutherland

Trey Bobinger

Beverly Dale

Dorothy McEwen

Clay Thames

Jeff Bowman

Dave Estorge

Mike McMullan

Charles Thomas

Jerome Brown

Julie Gresham

Tracy Powell

Donnie Tynes

Gary Carmichael

Michael Hewes

Kathleen Shaughnessy

Jan Collins

Rex Kelly

Adam Spicer

2

The 2012 calendar year was certainly one of transition for The University of Southern Mississippi, but it was also a positive one for The University of Southern Mississippi Foundation. Much progress was made on numerous fronts, while a new fiscal year fundraising record was set for gifts and pledges made to the USM Foundation with contributions exceeding $20 million.

2.

3.

4.

Last year also marked the Foundation’s adoption of a five-year strategic plan to guide the decision making and development of goals, policies and procedures for the organization through 2017.

This plan is overarching and comprehensive as it addresses just about every aspect of our operations as a 501(c)(3) nonprofit corporation. The plan establishes a clear roadmap for us to follow over the next half-decade to further enhance an already strong organization. I encourage you to review an overview of the strategic plan by visiting www.usmfoundation.com to see what the future holds for us.

1.

Now, 2013 should be a promising year for the Foundation and indeed for the entire University. We look forward to working with our new University President and stand ready to “hit the ground running” by ensuring the President is well-acquainted with our plans and constituents. This year will also be a busy one as we continue our efforts to generate private gifts to support the proposed College of Nursing building, the DuBard School for Language Disorders as it celebrates its 50th anniversary, the School of Mass Communication and Journalism and a new University Health Center, among several other fundraising initiatives for current needs and endowment growth.

I hope you enjoy this annual report highlighting some of the Foundation’s accomplishments in 2012 as well as some of our most interesting success stories. These pages display the positive impact the Foundation has on the University and the lives you touch through your ongoing support. I appreciate you taking the time to not only review this document but to continue making investments in the future of The University of Southern Mississippi.

Southern Miss to the Top!

5.

Fred H. Drews III President The University of Southern Mississippi Foundation

6.

2012-13 Board of Directors Executive Committee

Ex-Officio

1. Fred Drews

6. Gilbert Van Loon

Aubrey Lucas

Jeff Hammond

President

Policy and Bylaws Committee Chair

Interim President of the University

Vice President

7. Gee Ogletree

Dale Shearer

Executive Director of the Athletic Foundation

3. Lou Ann Poynter

Immediate Past President

President of the Alumni Association

Treasurer and Finance Committee Chair

8. Bob Pierce

Jerry Defatta

Secretary and Executive Director of the USM Foundation

Executive Director of the Alumni Association

2. Rex Kelly 7.

4. Susan Riley Member-at-Large

8.

5. Chip McArthur

Richard Johnston

Investment Committee Chair

President of the Athletic Foundation

Dickie Dunaway President of the Research Foundation

Gordon Cannon Executive Director of the Research Foundation

3

In fiscal year 2011-12, the USM Foundation set a new record for gifts and pledges received during a single fiscal year at $20,336,110 with gifts from more than 4,620 donors.

Andrew Slemaker received the College of Business Merit Scholarship in recognition of his character, integrity, work ethic and commitment to finish his degree.

Hard Work and Character

Pay Off From a young age, Andrew Slemaker knew that he wanted to attend The University of Southern Mississippi. After joining his father at countless Southern Miss sporting events, he was destined to bleed black and gold.

When Slemaker graduated from high school, he set his dream of being a Golden Eagle aside and took basic courses at Jones County Junior College. After two semesters at JCJC, Slemaker felt he lacked the focus he needed as a college student. He withdrew from JCJC and worked for his father at a uniform plant in Columbia, Miss.

“Taking a break from college and being in the workforce at a plant made me realize my goals for my future career,” said Slemaker. “I really became interested in banking and finance, and I knew by attending Southern Miss, I would have greater opportunities to achieve my goals.”

When Slemaker enrolled as a Finance major at Southern Miss in spring 2010, he became more engaged in his classes because he had a strong interest in the curriculum. In the spring semester of 2011, Slemaker received the College of Business Merit Scholarship in recognition of his character, integrity, work ethic and commitment to finish his degree.

Hyler Bracey, Cass Flagg (Bracey’s wife) and Aubrey Sanford, all who are either alumni and/or former professors at Southern Miss, created the scholarship to acknowledge integrity, willingness to work hard, commitment to finishing a degree, financial need and strong academic performance. Rather than putting their names on the scholarship, they wanted the College of Business Merit Scholarship to give everyone the opportunity to make a difference in someone else’s life.

By receiving the scholarship, which provides full tuition and a book allowance, Slemaker was able to set a clear focus on his future and flourish during his last two semesters at Southern Miss.

“This scholarship has given me the opportunity to meet a lot of people,” said Slemaker. “I am grateful for the relationships I have been able to form with people who have dedicated much of their time to me and offered valuable advice that will help me in my future career.”

Slemaker was admitted into the Business Honors House, received the Mississippi Young Bankers’ Leadership Scholarship as the top Finance junior in the state, and was named a Swayze finalist as one of the top five Finance students in Mississippi. In summer 2012, he had the opportunity to intern at Sanderson Farms in the accounting department.

“Andrew is a perfect model of the students we want to help. His good character and great grades assure us that he will be a fine representative of Southern Miss,” said Bracey. “We hope that others will join us in making a difference in the lives of students like Andrew by contributing to this scholarship.”

After graduating in December 2012, Slemaker accepted a credit analyst position with The First, A National Banking Association, in Hattiesburg.

He reflects on his time at Southern Miss as the starting point to a successful future. “Southern Miss feels like home. I never doubted that I would end up there, and even though it took a few years to find my way, I would have otherwise never received this scholarship which has truly changed my life.”

7

Family Connection to DuBard School Leads to

A Gift Worth More Than Words For 50 years, the DuBard School for Language Disorders has brought hope to children with communication disorders and their families. As the DuBard School celebrates its golden anniversary, gifts from donors like Charlie and Cindy Sutherland of Hattiesburg, Miss., to the DuBard School for Language Disorders 50th Anniversary Campaign help prepare for a future where all children have the opportunity to learn and reach their full potential.

Mr. and Mrs. Sutherland know first-hand the difference the DuBard School can make in the life of a child. Their nine-year-old grandson, Charlie, is currently a student at the school and has made vast improvements in his communication skills.

“It is truly unbelievable what this program has done for Charlie,” said Mrs. Sutherland. “He was really struggling and not having fun at school. Now he is learning and really enjoying school. What they do is simply amazing.”

The mission of the DuBard School for Language Disorders at The University of Southern Mississippi is to bring the gift of oral and written language to individuals with severe communication disorders through the use of the DuBard Association Method in direct clinical services and professional training. More than 150 professionals from across the nation undergo training in the DuBard Association Method annually.

The school also serves as a teaching and practicum site for dozens of University students studying speechlanguage pathology, audiology, deaf education, science education, human performance and recreation, music, social work and other academic areas.

8

While the DuBard School helps many children each year, others are not so fortunate. With nearly 150 individuals placed on the waiting list for full-time and outclient services, the deferred period often approaches two years.

In 2009, Charlie began outclient therapy after school while waiting to be enrolled in the full-time program.

After two years of waiting, Charlie was finally enrolled as a full-time student at the DuBard School in 2011.

“With such limited space, there isn’t room for every child,” said Mrs. Sutherland. “We were so grateful Charlie was able to enroll in the program. I honestly don’t know what we would have done if it weren’t for the DuBard School.”

The communication skills taught by the DuBard School are a vital link between the student’s family, friends and community. While the cost to provide full-time enrollment services is approximately $18,500 annually per student, the DuBard School provides these services free of charge to its students. Funding received from the Mississippi Department of Education covers only part of the total annual budget, leaving the DuBard School to rely heavily on the generosity of private benefactors and charitable organizations.

Funds generated from the DuBard School for Language Disorders 50th Anniversary Campaign will ensure that students like Charlie continue to receive critical language, speech and academic therapy, and that University students and professionals who are training in the areas of speech-language pathology, audiology, education of the deaf and specialized reading instruction have a place to learn and excel.

"It is the public and private partnerships which make the DuBard School’s services possible,” said Dr. Maureen Martin, Director of the DuBard School. “The Sutherlands’ generosity will touch many lives for many years. Success in academics will be a tangible result of

Charlie and Cindy Sutherland generously supported the DuBard School for Language Disorders 50th Anniversary Campaign in gratitude for the help the DuBard School has provided their grandson, Charlie.

their gift along with preparation of University students for service elsewhere. We are indeed grateful."

Mr. and Mrs. Sutherland hope that others feel inspired as they did to support the DuBard School.

“In the overall scheme of things, our gift is a small part,” said Mr. Sutherland. “But we believe in this program and want to see it continue to grow. This

place is helping kids to one day become productive citizens in our area. We are fortunate to be able to play a part in that.”

As of January 31, 2013, the DuBard School for Language Disorders 50th Anniversary Campaign has successfully raised approximately $750,000 in gifts and pledges. The Campaign, which was launched in March 2012, will run through December 2013.

9

Gifts to the College of Nursing

Inspire Learning, Growth and Perseverance Lucy Simmons has the determination and focus that every student hopes for. As a student in the College of Nursing at The University of Southern Mississippi, Simmons not only overcame the obstacles she faced in life but did so with a smile on her face, a passion for her chosen career path, and the satisfaction of attaining a 4.0 grade point average her last two semesters.

During a visit to Southern Miss from her hometown of McComb, Miss., Simmons fell in love with the atmosphere of both the University’s campus and the city of Hattiesburg. She was drawn to study Nursing after spending most of her high school years helping take care of her grandmother, who suffered from diabetes and dementia. Simmons began her freshman year at Southern Miss in fall 2008 with plans to enroll in the Nursing program. Soon after being accepted into the program, Simmons discovered she was pregnant.

“I told myself I wasn’t going to let anything hold me back from my dreams just because I was going to be a mom,” said Simmons. “I continued as a full-time student during my pregnancy, which was difficult, but I was determined. My son is my motivation to press on. I want to provide something better for him.”

Simmons’ son, Adrian, was born during her second semester of Nursing School. With the help of her family, she was able to return to school and begin her clinical rotations just three weeks after giving birth.

Simmons graduated cum laude a semester early last December with plans to specialize in obstetrics. Thanks to the scholarship she received, Simmons is now able to focus more on her career in nursing instead of the burden of student loans.

The Lettie Pate Whitehead Foundation was established in 1946 by Mrs. Whitehead’s youngest son in honor of his mother’s keen sense of duty to those in need.

Her husband, Joseph B. Whitehead, was a pioneer in the Coca-Cola bottling business and was a business, church and civic leader in Atlanta, Ga. When her husband died in 1906, Lettie Pate Whitehead assumed responsibility for the family’s business affairs, leading her to become one of the first women to serve on the board of directors of a major American corporation — The Coca-Cola Company.

Along with her legacy as a successful businesswoman, Mrs. Whitehead also left a legacy of generosity.

Throughout her life she supported dozens of charities and educational programs and was a leader in her community.

The Lettie Pate Whitehead Foundation aims to inspire women to stand out as leaders in their communities and to support them in their quest for education.

Since 1994, the Lettie Pate Whitehead Foundation has made $806,000 in gifts and commitments to the USM Foundation and impacted the lives of hundreds of students with the gift of scholarship.

In fall 2012, Simmons was awarded the Lettie Pate Whitehead Foundation Scholarship, which provides funds for the education of poor and deserving Christian girls who are residents of nine Southeastern states, including Mississippi.

“We are grateful for the support of the Lettie Pate Whitehead Foundation and other donors who provide funding for scholarships that allow us to attract the best and brightest students to the College of Nursing at Southern Miss,” said Dr. Katherine Nugent, Dean of the College of Nursing. “Over the years, these scholarships have helped to increase enrollment in the Nursing program, and we hope to further our growth as we continue to raise support for the College of Nursing Building Campaign.”

“This scholarship really meant the world to me. It proved that all my hard work was worth it and that someone believed in me enough to support my education,” said Simmons. “Trying to provide for a child and pay for school was overwhelming so receiving the scholarship was a true blessing.”

The Campaign, which was announced by the USM Foundation in January 2012, will help fund the construction of Asbury Hall, the proposed new home for the College of Nursing that will provide its students and faculty with the tools they need to continue to make a difference in the lives of Mississippi residents.

10

Architect's rendering of Asbury Hall, the proposed new home for the Southern Miss College of Nursing This state-of-the-art facility will provide an applied learning space that will empower Nursing faculty to continue to strive for instructional excellence and will further impact the College of Nursing’s ability to recruit qualified students and faculty. By increasing the square footage dedicated to the College by 135 percent, Asbury Hall will provide much-needed space for faculty and students, replacing a facility that can no longer meet the minimum requirements of nursing education.

“When you really evaluate the success of any academic

With determination and perseverance, Lucy Simmons, recipient of the Lettie Pate Whitehead Foundation Scholarship, overcame obstacles and achieved her educational goals.

program, it comes down to people — faculty, staff, students, alumni and administrators,” said Bob Pierce, Vice President for University Advancement and Executive Director of the USM Foundation. “All of these groups have to work together to assist and benefit each other. The existence of scholarships, like the ones provided by the Lettie Pate Whitehead Foundation, and top-flight facilities, like Asbury Hall, attract and inspire these groups to be their very best.”

Endowing the Arts

Through the Gift of Scholarship

Linda and Larry Smith hope that their gift of scholarship will give deserving students the opportunity to earn an education while enriching their lives through performances in the arts at Southern Miss.

Dr. and Mrs. Larry Smith of Hattiesburg, Miss., are avid supporters of the arts at The University of Southern Mississippi. In an effort to help continue to attract talented students to the programs at Southern Miss, they have chosen to support the arts through the gift of scholarship.

With a generous gift of stock to The University of Southern Mississippi Foundation, Dr. and Mrs. Smith have established a scholarship endowment in Music and enhanced an existing scholarship endowment in Theatre and Dance.

The J. Larry and Linda B. Smith Music Scholarship Endowment will provide scholarships for students majoring in piano, voice or an orchestral instrument in the School of Music at Southern Miss. Since its establishment in 2003, the John B. Smith and Charles M. Smith Theatre and Dance Scholarship Endowment has awarded scholarships to 26 students in both the Theatre and Dance departments.

Dr. and Mrs. Smith, who moved to Hattiesburg in 1967, have attended numerous concerts and productions featuring students studying the arts at Southern Miss.

“We are very fortunate to have a symphony orchestra and numerous talented artists two blocks from our house,” said Mrs. Smith. “Many people have to travel to see good entertainment, but thanks to the programs at Southern Miss, we don’t have to travel at all.”

While many of the shows they attend are on the Hattiesburg campus of Southern Miss, Dr. and Mrs. Smith have also attended shows in surrounding areas, including the performance by world-renowned soprano Renée Fleming with the Southern Miss Symphony Orchestra that kicked off the University’s Centennial Celebration in January 2010.

“We have seen Renée Fleming, Yo-Yo Ma, Itzhak Perlman and Placido Domingo all through the programs at Southern Miss,” said Dr. Smith. “It is simply amazing.”

Dr. Smith, who earned his medical degree at Tulane University, was a pathologist at Puckett Laboratory in Hattiesburg. Following nearly 30 years in practice, he retired in 1995.

After contemplating the best way to make a difference in the lives of others, Dr. and Mrs. Smith decided supporting education would make the most impact on an ongoing need.

“I hope to affect somebody else’s life in a positive way through these scholarships so deserving students can go to college,” said Mrs. Smith.

“The College of Arts and Letters is deeply grateful to Dr. and Mrs. Smith for their generosity,” said Dr. Steven Moser, Dean of the College of Arts and Letters.

“This gift allows the College to carry forward the training of the finest student artists in Music, Dance and Theatre and promises to significantly strengthen our arts program as we seek to build upon our tradition of excellence. ‘A society without the arts,’ said Plato, ‘lives by chance.’ This gift will surely enrich our University and our community and will help to secure our role as ‘The University for the Arts’ in Mississippi.”

13

The USM Foundation provided approximately $9.8 million in support during fiscal year 2011-12 benefitting the University in areas including scholarships, campus construction, endowed chairs and professorships, faculty development and research, the arts and libraries.

The University of Southern Mississippi Foundation

Financial Statements Consolidated Statements of Financial Position June 30, 2012 and 2011

Assets Cash and cash equivalents Accrued interest Prepaid assets and other receivables Pledges receivable, net Investments Present value of amounts due from externally managed trusts Net investment in direct financing lease Property and equipment, net Total assets

2012

2011

5,034,062 192,579 710,513 17,605,778 72,074,130

2,492,825 125,819 272,750 8,860,282 76,190,180

1,292,408 1,105,024 262,186

1,305,074 1,248,186 371,008

$

98,276,680

90,866,124

$

107,123 — — 957,113 456,852

309,620 1,410 280 1,172,113 414,887

1,521,088

1,898,310

4,839,149 39,671,015 52,245,428

4,670,327 35,074,757 49,222,730

96,755,592

88,967,814

98,276,680

90,866,124

$

Liabilities and Net Assets Liabilities: Accounts payable Liability for amounts held for others Amounts due to brokers Line of credit Gift annuities payable Total liabilities Net assets: Unrestricted Temporarily restricted Permanently restricted Total net assets Total liabilities and net assets

$

15

Consolidated Statement of Activities Year ended June 30, 2012

Revenues, gains and other support: Contributions Net investment gain (loss) Change in value of split interest agreements Other

$

Total revenues, gains and other support Changes in restrictions: Change in restriction by donor Net assets released from restrictions Total changes in restrictions Expenses: Program services: Contributions and support for The University of Southern Mississippi Total program services Supporting services: General and administrative Fundraising Total supporting services Total expenses Increase in net assets Net assets at beginning of year Net assets at end of year

$

Unrestricted

Temporarily restricted

Permanently restricted

1,987,254 1,039,115 — 78,173

17,580,558 (3,113,787) 8,098 127,384

2,534,207 (127,040) 6,838 230,540

22,102,019 (2,201,712) 14,936 436,097

3,104,542

14,602,253

2,644,545

20,351,340

17,347 9,610,495

(395,500) (9,610,495)

378,153 —

— —

9,627,842

(10,005,995)

378,153

—

Total

9,801,749

—

—

9,801,749

9,801,749

—

—

9,801,749

1,715,972 1,045,841

— —

— —

1,715,972 1,045,841

2,761,813

—

—

2,761,813

12,563,562

—

—

12,563,562

168,822

4,596,258

3,022,698

7,787,778

4,670,327

35,074,757

49,222,730

88,967,814

4,839,149

39,671,015

52,245,428

96,755,592

Total

Consolidated Statement of Activities Year ended June 30, 2011

Revenues, gains and other support: Contributions Net investment gain Change in value of split interest agreements Other

$

Total revenues, gains and other support Changes in restrictions: Change in restriction by donor Net assets released from restrictions Total changes in restrictions Expenses: Program services: Contributions and support for The University of Southern Mississippi Total program services Supporting services: General and administrative Fundraising Total supporting services

Temporarily restricted

Permanently restricted

1,582,875 3,079,444 — 113,143

3,277,734 8,135,261 3,076 99,154

1,526,358 204,047 127,570 130,669

6,386,967 11,418,752 130,646 342,966

4,775,462

11,515,225

1,988,644

18,279,331

(149,198) 6,798,708

(273,274) (6,798,708)

422,472 —

— —

6,649,510

(7,071,982)

422,472

—

6,974,473

—

—

6,974,473

6,974,473

—

—

6,974,473

1,459,219 884,891

— —

— —

1,459,219 884,891

2,344,110

—

—

2,344,110

Total expenses

9,318,583

—

—

9,318,583

Increase in net assets

2,106,389

4,443,243

2,411,116

8,960,748

2,563,938

30,631,514

46,811,614

80,007,066

4,670,327

35,074,757

49,222,730

88,967,814

Net assets at beginning of year Net assets at end of year

16

Unrestricted

$

Consolidated Statements of Cash Flows Years ended June 30, 2012 and 2011

2012 Cash flows from operating activities: Increase in net assets Adjustments to reconcile increase in net assets to net cash used in operating activities: Depreciation and amortization (Gain) loss on disposal of property and equipment Fair value of donated assets Loss on disposal of donated assets Realized and unrealized losses (gains) on investments, net Permanently restricted contributions Permanently restricted dividends and interest Change in externally managed trusts Change in gift annuities and pooled income fund Present value adjustments to annuities Changes in operating assets and liabilities: Accrued interest Prepaid assets and other receivables Pledges receivable, net Accounts payable Liability for amounts held for others

$

2011

7,787,778

8,960,748

108,822 (600) (3,000) — 3,447,896 (2,652,255) (22,239) 12,666 15,189 97,121

99,278 687 (267,349) 84,156 (10,020,767) (1,877,835) (17,289) 148,566 (14,551) 32,533

(66,760) (437,763) (8,745,496) (202,497) (1,410)

16,822 (1,916) 2,246,531 (93,120) (2,114)

(662,548)

(705,620)

— (41,458) 600 (24,032,202) (280) 24,729,625 143,162

(76,083) (177,837) — (27,849,196) 177,247 22,974,114 136,874

799,447

(4,814,881)

(215,000) 2,652,255 22,239 — (55,156)

(150,000) 1,877,835 17,289 32,498 (52,255)

Net cash provided by financing activities

2,404,338

1,725,367

Net increase (decrease) in cash and cash equivalents

2,541,237

(3,795,134)

2,492,825

6,287,959

Net cash used in operating activities Cash flows from investing activities: Purchases of property and equipment Change in cash surrender value of life insurance Proceeds from sale of furniture and equipment Purchases of investments Change in amounts due to/from brokers Proceeds from sales and maturities of investments Principal payments received under direct financing lease Net cash provided by (used in) investing activities Cash flows from financing activities: Principal payments on line of credit Permanently restricted contributions Permanently restricted dividends and interest Investments subject to annuity agreements, net Annuity payments

Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year

$

5,034,062

2,492,825

Supplemental disclosures of cash flow information: Cash paid for interest

$

19,203

23,296

To review the full set of financial statements for The University of Southern Mississippi Foundation, as well as the organization’s IRS Form 990, please visit www.usmfoundation.com.

17

More than 725 first-time donors made gifts in the 2011-12 fiscal year to the Southern Miss Annual Fund, supporting a broad range of scholarships and programs at the University.

The University of Southern Mississippi

Foundation Chartered in 1959, The University of Southern Mississippi Foundation is a 501(c)(3) nonprofit corporation that serves as a fiduciary of private funds donated to benefit The University of Southern Mississippi. It is led by a volunteer Board of Directors and supported by a 25-member professional staff.

Location and Office Hours The USM Foundation staff is located on the third floor of the Trent Lott National Center for Excellence in Economic Development and Entrepreneurship on the Hattiesburg campus.

Alumni, friends and donors are invited to visit the Foundation’s office during regular business hours from 8 a.m. until 5 p.m., Monday through Friday.

Honor Club and McCarty Legacy The Honor Club is the major gift recognition society of the USM Foundation. Membership is achieved when a donor reaches $10,000 or more in charitable contributions to the Foundation. The McCarty Legacy is the planned giving recognition society of the USM Foundation. Membership is reserved for those alumni and friends who have included the Foundation in their estate plans through bequests, life income gifts, trusts, life insurance policies, retirement plans or other arrangements.

Donor and Scholarship Lists In an effort to “go green” and serve as good stewards of its donors’ generosity, the USM Foundation Honor Club and scholarship lists can be found online by visiting www.usmfoundation.com/donors.

During the 2011-12 Fiscal Year

$9.8 Million

32%

The USM Foundation provided approximately $9.8 million benefitting the University in areas including scholarships, campus construction, endowed chairs and professorships, faculty development and research, the arts and libraries.

The Campaign for Southern Miss increased University employee participation in giving to Southern Miss from 10 percent to 32 percent, benefitting numerous programs across all campuses.

720 The USM Foundation administers more than 720 endowed funds.

$20,336,110 The USM Foundation set a new record for gifts and pledges received during a single fiscal year at $20,336,110 with gifts from more than 4,620 donors.

1,800

$96.8 Million

Scholarships awarded through the Foundation to more than 1,800 students helped ensure these individuals will have the opportunity to reach their educational goals.

The Foundation set a new record for net assets that grew 19 percent over the past five years and now total $96.8 million.

Gift Information

Contact Information

To make a gift to the USM Foundation, please contact the Foundation office via telephone at 601.266.5210. Gifts can also be made online by visiting www.usmfoundation.com/giving.

The University of Southern Mississippi Foundation 118 College Drive #5210 Hattiesburg, Mississippi 39406-0001 T: 601.266.5210 F: 601.266.5735 Email: foundation@usm.edu www.usmfoundation.com

The minimum amount required to establish a named endowment with the USM Foundation is $15,000.

Endowments may be created for a variety of purposes, such as scholarships, faculty development and research, and unrestricted support for any academic program at Southern Miss.

If you have questions about an existing endowment, or for more information on establishing an endowment, please contact the USM Foundation.

19

Staff Vice President for University Advancement and Executive Director of the USM Foundation Bob Pierce Advancement Services Associate Director for Advancement Services Sarah Sims Manager of Information Systems Dawn Higdon Manager of Research Pam Gibbs

Research Specialist Karyn Dew Gift and Data Specialist Nichelle Cole Gift and Data Specialist Giorgio Berry Data Specialist Jerry Kaye Parker

Gift and Data Processing Coordinator Shawn Carpenter

Development Assistant Director for Fundraising Initiatives and Planned Giving Jessica Cloud Manager of Communications Amy Martin Coordinator of Donor Relations and Special Events Meg Jones

Development Officer Jason Hudson Development Officer Markus Jones Development Officer Kerri Paul Administrative Assistant MaryAnn Parrish

Financial Services Chief Financial Officer and Associate Director for Finance Stace Mercier Manager of Financial Services Leslee Smith

Senior Accountant Jennifer Boucher Staff Accountant Sara Shorter Staff Accountant Tameka Sullivan

The University of Southern Mississippi Foundation

Annual Report

2012

AA/EOE/ADAI UC 67697.5210 2.13

118 College Drive #5210 | Hattiesburg, Mississippi 39406-0001 T: 601.266.5210 | F: 601.266.5735 | Email: foundation@usm.edu www.usmfoundation.com