USM Foundation 2013 Annual Report

The University of Southern Mississippi Foundation

2013

Annual Report

Building the Future of

The University of Southern Mississippi

The University of Southern Mississippi Foundation plays a critical role in allowing us to meet the needs of our students at every level. As public funding sources decrease, private giving remains a key component of our ability to increase the quality of student life and advance the mission of the University through support of new facility construction, the development of intentional academic programming and provision of student scholarships. Building projects like Scianna Hall, Asbury Hall and Luckyday Citizenship Hall would not be possible without the generous contributions of friends and supporters of the University.

As we reflect on the past year, we are grateful for the success of our Tornado Relief/Campus Beautification Campaign, the growth of our annual faculty/staff campaign, and the progress of fundraising initiatives like those for the College of Nursing, the School of Mass Communication and Journalism, the new Moffitt Health Center and the Dale Center for the Study of War & Society. I believe that our greatest opportunities as an institution lie ahead, and I eagerly anticipate what we will be able to accomplish over the next year with your continued support.

Thank you for the contributions you have made to The University of Southern Mississippi, both financially and in the form of time that you have volunteered to carry out programs and services for our students. I look forward to continuing our partnership as we grow a new generation of Golden Eagles.

Sincerely,

Rodney D. Bennett President The University of Southern Mississippi 1

As a new year begins, it serves to remind us that “new beginnings” are a natural part of the cycle of life. While 2013 proved to be a year of “new beginnings,” the transitions are well underway and have left the USM Foundation well positioned as we begin 2014.

2.

3.

One of our “new beginnings” was the selection of Shannon Fleming as Executive Director of the Foundation. Shannon joined us in June, bringing seasoned experience in managing and leading similar organizations. Shannon has proven to be an asset, providing leadership to move the organization forward and fresh ideas while embracing all things “Southern Miss.”

1.

Bob Pierce, who previously served as Executive Director of the Foundation and Vice President for Advancement, continues in the vice president’s role. This transition, which was guided by the organization’s strategic plan, has proven to be a good move for both the Foundation and University Advancement. I thank Bob for his leadership, which is largely responsible for the consistent forward movement of the Foundation and a smooth transition to a new Executive Director.

I am pleased to report the Foundation ended 2013 on solid financial footing. A diligent staff, committed board members, new financial advisors and a robust stock market combined to ensure a strong year financially. In addition, the success of the Foundation is forever linked to the success of the University and its leadership. Since arriving, President Rodney Bennett has been committed to our effort to raise contributions in support of Southern Miss. We look forward to a continued strong partnership.

4.

5.

Todd Adkins

Beverly Dale

Mike McMullan

Larry Albert

Dave Estorge

Nancy New

Ron Barnes

Bernard Green

Mike Nowell

Dawn Beam

Julie Gresham

Rebecca Wright Pritchett

Trey Bobinger

Sam Jones

Adam Spicer

Jerome Brown

Dorothy Roberts McEwen

Mary Ann Stewart

Chip McArthur

Jan Collins

Butch McKenzie

My best,

Rex E. Kelly President The University of Southern Mississippi Foundation

USM Foundation Board Members

Gary Carmichael

As you read through this annual report, may it serve as a reminder of the reasons why we do what we do. In a day where only 26 percent of needed revenue for the University comes from state funding, it is necessary that each of us do our part to ensure Southern Miss continues its legacy of excellence by giving to the USM Foundation. A quality education changes everything. There are countless stories of those who have entered our gates, often the first in the family to do so, and were able to change their lives and the lives of those around them because of their experience here. You know these stories as well. Perhaps you are one of them. When you support the Foundation, you are helping students gain the opportunity to make a difference. It is an investment that pays big dividends.

6.

2013-14 Board of Directors Executive Committee

Ex-Officio

1. Rex Kelly

6. Michael Hewes

Rodney Bennett

Bill McGillis

President

Policy and Bylaws Committee Chair

President of the University

Executive Director of the Athletic Foundation

Vice President

7. Fred Drews

Benny Waddle

Dickie Dunaway

3. Susan Riley

Immediate Past President

President of the Alumni Association

President of the Research Foundation

Treasurer and Finance Committee Chair

8. Shannon Fleming

Jerry Defatta

Gordon Cannon

Secretary and Executive Director of the USM Foundation

Executive Director of the Alumni Association

Executive Director of the Research Foundation

5. Reed Allison

Al Gordy

Bob Pierce

Investment Committee Chair

President of the Athletic Foundation

Vice President for Advancement 3

2. Lou Ann Poynter 7.

David Williams

4. Shane Loper Member-at-Large

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8.

As of January 31, 2014, generous support from more than 3,000 donors helped raise $2 million to aid University relief efforts to assist with damage sustained from the February 10, 2013, tornado by academic units, facilities, campus landscape and University faculty and staff.

Campaigning for a Strong Future

Centered Around Military History Since the turn of this century, The University of Southern Mississippi has housed one of the country’s most esteemed military history programs in the History department’s Center for the Study of War & Society. In an effort to help the Center reach even loftier heights, the USM Foundation has launched the Dale Center for the Study of War & Society Campaign.

The $2 million campaign is spearheaded by a 10-member steering committee led by Maj. Gen. Buff Blount, U.S. Army (Ret.) and longtime University supporter Dr. Beverly Dale. Dale wanted to jumpstart the campaign and made its initial contribution so that the enhancement of the Center could start right away.

In recognition of this significant gift, the Center has been named in honor of the Dale family. Contributions to the campaign will establish or enhance needed endowments for lectureships, graduate fellowships and scholarships, research aid to faculty and students, and named professorships, such as the Major General Buford “Buff” Blount Endowed Professorship in Military History, which was established in 2010.

As co-chairs of the Dale Center for the Study of War & Society Campaign, Dr. Beverly Dale and Maj. Gen. Buff Blount joined University President Rodney Bennett in welcoming former U.S. Secretary of Defense Robert M. Gates as the guest speaker for the 2014 Lt. Col. John H. Dale Sr. Distinguished Lecture in International Security and Global Policy.

“We have already gathered together an unbelievable group of scholars who are producing groundbreaking research into the study of conflict – research that has a profound impact on how the country and world view the complexities of war,” said Dr. Andrew Wiest, University Distinguished Professor of History at Southern Miss and the Founding Director of the Dale Center. “Keeping this core group of scholars together is key to the continued success of the Center, and the generous gifts and support from our wonderful friends and benefactors will make that happen.”

The Dale Center serves as a local, national and international resource for the study of the history of warfare and its influence on both combatants and civilians. The Center plays an active role in the community in a number of ways, such as its annual Richard McCarthy Lecture Series and the monthly War and Society Roundtable discussions in partnership with the Hattiesburg Public Library.

The campaign, which was publicly announced on February 6, at the 2014 Lt. Col. John H. Dale Sr. Distinguished Lecture in International Security and Global Policy, featuring former U.S. Secretary of Defense and former CIA Director Robert M. Gates, has already generated more than $1.6 million toward its $2 million goal. One hundred percent of the steering committee has made gift commitments, as have the members of the Dale Center faculty.

Bob Pierce, Vice President for Advancement at Southern Miss, notes that the Dale Center Campaign provides an opportunity to lift the University’s military history program to elite status.

“The faculty in our military history program are experts in this field. Not only are they good at what they do, they are among the most respected military historians in the country,” said Pierce. “The Dale Center is currently recognized as a top-five program in the study of war and society in the United States, but we want to make it the nation’s pre-eminent academic program in this area.

This campaign will certainly help us achieve that goal.”

For more information about the Dale Center for the Study of War & Society Campaign, call the USM Foundation at 601.266.5210 or visit www.usmfoudation.com/dalecenter.

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As progress continues on the reconstruction of the Ogletree House, University employees Robert Carr, Cindy Medenwald and Brent Jones were grateful for the support they received from the Southern Miss Faculty/Staff Tornado Relief Grant Program after weathering the storm in February 2013.

The Ties That Bind the

Southern Miss Family In the wake of the massive tornado that tested the strength of The University of Southern Mississippi and heavily damaged its Hattiesburg campus on February 10, 2013, the resilient Southern Miss spirit thrived. Almost immediately, faculty, staff, students, alumni and friends began pitching in to launch the restoration process.

The USM Foundation launched the Faculty/Staff Tornado Relief Grant Program to provide relief to eligible University employees who experienced property loss or damage during the storm.

“It was important to us in the USM Foundation and on the Executive Cabinet that we allocate a portion of the contributions made for tornado relief to a grant program for Southern Miss employees,” said Bob Pierce, Vice President for Advancement. “The University as an institution was certainly impacted, but so were several of our people on a personal level.

Issuing these grants was perhaps one of the most encouraging aspects of our recovery program.”

Brent Jones, Associate Athletics Director for Marketing and Communications, recalls the day with vivid detail.

As the notifications of bad weather set off continuous alerts on his cell phone, Brent and his wife, who was five months pregnant at the time, began to realize they were in the path of danger. With the television volume on fullblast, they sought shelter in the bathroom of their home near Weathersby Road.

“It is the most helpless feeling you could ever have when you assume the storm will hit you and there is NOTHING you can do to stop it,” said Jones. “At that moment, ensuring your family’s survival is all that matters.”

When the tornado touched down 10 feet away, it lifted the two-story house off the ground and destroyed Jones’ three vehicles in the carport outside. The worst of the damage to Jones’ house wasn’t visible until the downpour of rain that followed the storm. With more 8

than 80 holes in the roof and cracks in every window, water began pouring into the house through the light fixtures and window frames.

Jones recalls the turning point in the nightmare of the storm when, through the generosity of friends and members of the community, he and his wife were loaned a place to stay and a vehicle to drive for several months.

“There are people we didn’t even know that stepped up to help us and are now huge parts of our lives.”

As Jones’ wife was contemplating taking a second job to help with family finances, they received the Southern Miss Tornado Relief Grant. “The support couldn’t have come at a better time,” said Jones. “It gave me the greatest sense of pride to be a part of Southern Miss and to know they cared this much about their employees.”

Cindy Medenwald, secretary for the Clinical Psychology Program, was at home caring for her 86-year-old mother when the tornado ripped through her neighborhood near campus. Among the damage to Medenwald’s home was a porch swing that represented resilience and a second chance at life.

The swing was a gift from Medenwald and her siblings to their mother, who is an ovarian cancer survivor.

With the help of the Tornado Relief Grant Program, Medenwald was able to replace her mother’s swing and repair other damage to her home.

“I am so lucky to work at a place that truly cares for me,” said Medenwald. “Southern Miss means a great deal to me. It just feels like home.”

While many people in the community were picking up the pieces after the tornado, Robert Carr was at work helping to get the Hattiesburg campus back in order.

Carr has been a dedicated custodian in the Physical Plant at Southern Miss for more than five years.

Carr weathered the storm in the house he grew up in near downtown Hattiesburg. The home was significantly damaged by tornado debris. “I found a car bumper, barbeque grills and large sheets of plywood

impaled into the ground, through the roof and in my kitchen,” he recalled.

“The grant money came just in time,” said Carr.

“Receiving support like that from this University is something I will never forget.”

Violent weather may rip away trees, damage buildings and disrupt lives. But no storm can wash away the ties that bind the Southern Miss family.

9

The old saying “home is where the heart is” rings particularly true for the USM Foundation, which recently received a special gift from a donor with close ties to one of its primary fundraising initiatives, the Moffitt Health Center Campaign.

The Gift of Health

Begins at Home

Madison, Miss., resident Jenny Moffitt chose to honor the memory of her late husband, John Moffitt, by donating the couple’s second home to the Foundation. Proceeds from sale of the property in Diamondhead, Miss., have been directed to the Moffitt Health Center Campaign – a private fundraising effort launched last year to help construct a new health clinic on the Hattiesburg campus.

“My in-laws, Ellis and Nina Moffitt, built the home in 1981, and the family used it as a second home when the kids were small,” said Jenny Moffitt, who lost her husband in 2007. “I became aware of the University’s efforts to build a new health facility, and giving that property to the Foundation just seemed like the perfect way to make a contribution to that cause.”

“Southern Miss was very dear to John’s heart, and I know that he would be so pleased that the proceeds from the home are being used for such a worthwhile purpose,” said Jenny Moffitt. John Moffitt’s sister, Dr. Virginia Moffitt Crawford, serves as the Director of Student Health Services at Southern Miss.

Last March the USM Foundation announced the campaign, which will aid in the relocation of the University’s Student Health Services to a state-of-theart facility inside Century Park South, a residential complex currently under construction. The Moffitt Health Center will replace the Beedie Smith Health Clinic, a free-standing building that opened on the Hattiesburg campus in 1962.

Gifts to the Moffitt Health Center Campaign will allow the facility to increase the square footage dedicated to Student Health Services by 30 percent, providing much-needed space for more efficient laboratory and X-ray activity, larger health care provider work areas, a more accessible pharmacy and a dental care area.

“Jenny Moffitt’s gift of a house to support the Moffitt Health Center Campaign is an excellent example of how creative gift giving can make a difference at Southern Miss,” said Bob Pierce, Vice President for Advancement at the University. “The resulting net proceeds from the sale of the home translated into a very generous addition to the campaign and will allow us to name the reception area of the new Moffitt Health Center for Jenny and her late husband, John.”

John and Jenny Moffitt, who were married for 25 years, have two children – Kathleen, a second-year medical student at University Medical Center in Jackson, Miss., and David, who earned an undergraduate degree in engineering and is currently pursuing a master’s degree in computer science.

“We made a lot of great memories in that house,” said Jenny Moffitt. “I’m glad to see it being used for something more important now. The new health center will benefit everyone associated with USM for many years to come.”

Dr. Virginia Moffitt Crawford (fourth from left) and sister-in-law Jenny Moffitt (fifth from left) were joined by family and friends at the groundbreaking for Century Park South, a new residential facility that will include the Moffitt Health Center and Luckyday Citizenship Hall.

For more information on the Moffitt Health Center Campaign, visit www.usmfoundation.com/moffitt.

11

Tegi Jenkins, a first-generation college student, is focused on her future thanks to financial support from the Virtis Lanier Sr. Annual Scholarship.

First-Generation Scholar

Prepares for Success Tegi Jenkins is a first-generation college student with a passion to make a difference in the world around her.

After graduating from Lanier High School in Jackson, Miss., Jenkins enrolled at The University of Southern Mississippi in 2010. Determined to graduate without the burden of student loans, Jenkins began working part-time at the Payne Center on campus to help fund her education.

In fall 2013, Jenkins received the Virtis Lanier Sr. Annual Scholarship, which is awarded to the Lanier High School graduate who has the highest cumulative grade point average with a 2.0 minimum.

“I was so thankful when I received this scholarship.

Every little bit counts, and I am so grateful for this support,” said Jenkins. “It has helped me in so many ways. By reducing the financial stress of school, I am able to focus on my education and plan for my future.”

The scholarship was established by Eric Taylor and his wife, Sandra Lanier Taylor. Virtis Lanier Sr. is her father.

Sandra Taylor is the great niece of William Henry Lanier, the founder of Jackson's Lanier High School, an inner-city school with a predominately AfricanAmerican student body. William Henry Lanier also served as president of then-Alcorn College.

Eric Taylor, a Holly Springs, Miss., native, earned his undergraduate degree in chemistry from Southern Miss in 1986. He worked for several years as an environmental specialist, and now makes his home in Madison, Miss., where he works as a landlord and entrepreneur.

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Sandra Taylor, a Jackson, Miss., native, is an environmental engineer for the State of Mississippi.

She also earned her Bachelor of Science degree in chemistry at Southern Miss in 1986, and has a B.S. in civil engineering from Southern University. The couple has two daughters – Ashley, 20, and Sydney, 15.

“My father always believed that if you got a college education, then that was something no one could ever take away from you,” said Sandra Taylor. “We just felt that establishing a scholarship in his name was a perfect way to honor the example he set for us.”

With the guidance of a few campus mentors, Jenkins was accepted into the Social Work program in December 2013. As part of the program, students must complete a 40-hour field placement. Jenkins chose the Institute for Disability Studies, Mississippi's center for excellence in developmental disabilities education, research and service. Housed at The University of Southern Mississippi, the Institute for Disability Studies strives to meet its federal mission to enhance the quality of life across the life span for citizens with disabilities and their families.

“The young adults there are amazing! Working with them is so refreshing and helps keep me humble,” said Jenkins. “After spending time there, I just knew this was what I was called to do.”

Jenkins continues to volunteer at the Institute for Disability Studies. She plans to graduate in spring 2015.

“I want to be able to see the change I am making, which I will be able to do over the course of time.”

The University of Southern Mississippi Foundation

Financial Statements Consolidated Statements of Financial Position June 30, 2013 and 2012

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

2013

2012

3,443,807 128,945 191,436 14,068,836 83,246,601

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

744,271 955,285 234,801

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

$

103,013,982

98,276,680

$

669,070 782,113 353,685

107,123 957,113 456,852

1,804,868

1,521,088

4,735,798 41,477,728 54,995,588

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

101,209,114

96,755,592

103,013,982

98,276,680

$

Liabilities and Net Assets Liabilities: Accounts payable Line of credit Gift annuities payable Total liabilities

Since its launch in 2012, The Campaign for Southern Miss has helped increase University employee participation in giving to the USM Foundation by 260%, making Southern Miss one of the most supportive employee bases among public universities in Mississippi.

Net assets: Unrestricted Temporarily restricted Permanently restricted Total net assets Total liabilities and net assets

$

15

Consolidated Statement of Activities

Consolidated Statements of Cash Flows

Year ended June 30, 2013

Years ended June 30, 2013 and 2012

Unrestricted

Temporarily restricted

Permanently restricted

1,895,849 1,105,691 — 73,117

5,544,433 4,845,499 (836) 39,644

2,397,304 77,516 82,385 70,662

9,837,586 6,028,706 81,549 183,423

Total revenues, gains and other support

3,074,657

10,428,740

2,627,867

16,131,264

Changes in restrictions: Change in restriction by donors Net assets released from restrictions

1,831 8,497,903

(124,124) (8,497,903)

122,293 —

— —

8,499,734

(8,622,027)

122,293

—

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

$

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 (decrease) in net assets Net assets at beginning of year Net assets at end of year

$

2013

Total

8,987,404

—

—

8,987,404

8,987,404

—

—

8,987,404

1,612,000 1,078,338

— —

— —

1,612,000 1,078,338

2,690,338

—

—

2,690,338

11,677,742

—

—

11,677,742

(103,351)

1,806,713

2,750,160

4,453,522

4,839,149

39,671,015

52,245,428

96,755,592

4,735,798

41,477,728

54,995,588

101,209,114

Consolidated Statement of Activities Year ended June 30, 2012

$

4,453,522

7,787,778

112,549 — (230,000) (4,568,734) (2,462,000) (16,059) 548,137 (35,153) 10,252

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

63,634 519,077 3,536,942 561,947 —

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

2,494,114

(662,548)

(85,164) (101,089) — (109,911,946) — 103,674,451 149,739

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

(6,274,009)

799,447

Cash flows from financing activities: Principal payments on line of credit Permanently restricted contributions Permanently restricted dividends and interest Change in investments subject to annuity agreements Annuity payments

(175,000) 2,462,000 16,059 (63,769) (49,650)

(215,000) 2,652,255 22,239 — (55,156)

Net cash provided by financing activities

2,189,640

2,404,338

(1,590,255)

2,541,237

5,034,062

2,492,825

Net cash provided by (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

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

Total revenues, gains and other support

3,104,542

14,602,253

2,644,545

20,351,340

Changes in restrictions: Change in restriction by donors Net assets released from restrictions

17,347 9,610,495

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

378,153 —

— —

Cash and cash equivalents at end of year

$

3,443,807

5,034,062

9,627,842

(10,005,995)

378,153

—

Supplemental disclosures of cash flow information: Cash paid for interest

$

15,427

19,203

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

$

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

16

Cash flows from operating activities: Increase in net assets Adjustments to reconcile increase in net assets to net cash provided by (used in) operating activities: Depreciation and amortization Gain on disposal of property and equipment Fair value 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

2012

$

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

Net (decrease) increase in cash and cash equivalents Cash and cash equivalents at beginning of year

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.

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The University of Southern Mississippi Foundation

Facts and Figures for Fiscal Year 2012-13 In 2012-13, the USM Foundation provided $9 million to support the University, including the following:

$3.4 million

$780,000

awarded in scholarships to students.

benefitted academic units, faculty and staff.

$205,000

$3.1 million

supported the DuBard School and Friends for gifted education.

aided with campus construction projects and maintenance.

$1.7 Million was raised for tornado relief efforts for the Hattiesburg campus.

The Southern Miss Campus Beautification Day of Giving raised $130,234.46 in 24 hours.

Gifts represented 37 states and Barbados.

The approximate market value of the Foundation’s endowment is

$68 million

with a total of

743

endowed funds.

1,585 More than 2,500 donors contributed to help fund grants for affected facult y an d s taff, s u pp o rt fo r academic units, campus restoration and repairs to damaged facilities .

649

More than

2010

2011

2012

2013

Since 2010, the number of first-time donors to the USM Foundation during a single fiscal year has increased by

2 8 5 p e r c e n t.

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 24-member professional staff.

Top Fundraising Initiatives for Fiscal Year 2012-13

2,499

1,083

The University of Southern Mississippi

1,700 students

were awarded scholarships through the USM Foundation.

The support helped ensure students have the opportunity to reach their academic goals and provide a path to graduation.

The University of Southern Mississippi’s Executive Cabinet determines targeted fundraising campaigns, or initiatives, for which the USM Foundation pursues private funding. During the 2012-13 fiscal year, the Foundation raised money for the following initiatives: • College of Nursing Building Campaign • DuBard School for Language Disorders 50th Anniversary Campaign • The Campaign for Mass Comm • Lake Thoreau Environmental Center Campaign • Moffitt Health Center Campaign • Southern Miss Campus Beautification Campaign • Dr. Thomas Fraschillo Wind Band Conducting Endowment • School of Music Piano Initiative

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.

Gift Information Named endowments can be established with a minimum gift of $15,000. Endowments may be created for a variety of purposes, including scholarships, faculty development and research, and unrestricted support for academic programs.

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

Contact Information 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

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Staff

Executive Director of the USM Foundation Shannon Fleming Advancement Services Associate Director for Advancement Services Ethel Allen Manager of Information Systems Dawn Higdon Manager of Research Pam Gibbs

Research Specialist Karyn Dew Gift and Data Specialist Elizabeth Bedenbaugh Gift and Data Specialist Elizabeth LeFebvre Data Specialist Jerry Kaye Parker

Gift and Data Processing Coordinator Giorgio Berry

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 Manager of Annual Giving and Special Projects Megan Burkes

Development Officer Nick Foster Development Officer Kerri Paul Development Officer DJ Preiss Executive Assistant MaryAnn Parrish Administrative Assistant Susan Erickson

Development Officer Scott Ebke

Financial Services Chief Financial Officer and Associate Director for Finance Stace Mercier

Homecoming week 2013 included the dedication of Lofty Return at the front of the Hattiesburg campus. The sculpture was a gift from Chuck and Rita Scianna.

Manager of Financial Services Leslee Smith Senior Accountant Jennifer Boucher

Staff Accountant Sara Shorter Staff Accountant Tameka Sullivan

The University of Southern Mississippi Foundation

2013

Annual Report

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

AA/EOE/ADAI UC 70054.5210 2.14