Public Charity

UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION

UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION is a Public Charity headquartered in HATTIESBURG, MS. Financial data from the 2025 filing: $27.7M revenue, $14.9M expenses, $214.5M total assets. 95 publicly reported grants to this organization, totaling roughly $6.0M, appear in IRS filings.

EIN: 646022505 HATTIESBURG, MS Single Organization Support NTEE: B11 Latest filing: 2025
Total Revenue$27.7M
Total Expenses$14.9M
Total Assets$214.5M
Grant Records95
Funding Total$6.0M
Filing Years2021–2025

Mission

TO BUILD RELATIONSHIPS WITH ALUMNI AND FRIENDS IN ORDER TO SECURE PRIVATE FUNDS AND OTHER RESOURCES FOR THE BENEFIT OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI (USM). THE FOUNDATION RECEIVES, INVESTS AND DISTRIBUTES PRIVATE GIFTS IN SUPPORT OF THE UNIVERSITY'S MISSION.

Where $100 goes at University of Southern Mississippi Foundation

How University of Southern Mississippi Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$83 Programs the work itself
$13 Management running the organization
$4 Fundraising raising the next dollar

Inside the $83 for programs

$73
The foundation provides support to the university of southern mississippi in a multitude of ways
88% of program spending · Reported in the filing: 2,308 scholarships
$10
The foundation provides other support on behalf of the university that enables faculty, staff and students opportunities to excel in teaching, research, creative activites, outreach and service
12% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

BOARD MEMBER Adalius Thomas
BOARD MEMBER Adele Lyons
BOARD MEMBER Alan Coats
BOARD MEMBER Alvis Wright
BOARD MEMBER Beverly Dale
BOARD MEMBER Carlen Chestang

Officer compensation and complete director data available with membership.

Top Grant Purposes

Education
$3,908,711 22 grants
General Support
$1,535,190 61 grants
Research & Policy
$189,500 2 grants
Mental Health & Substance Abuse
$12,800 1 grant
Unspecified
$365,043 5 grants

Financial Trends

Year Revenue Expenses Assets
2025 $27.7M $14.9M $214.5M
2024 $26.8M $12.1M $194.3M
2023 $17.7M $12.9M $165.5M
2022 $19.1M $14.0M $151.5M
2021 $23.0M $10.5M $176.0M

Between 2021 and 2025, reported annual revenue grew from $23.0M to $27.7M (+21%), with total assets most recently reported at $214.5M.

Interactive year-over-year charts and full filing details available with membership.

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