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Nonprofit · EIN 23-7310293

UNIVERSITY OF MISSISSIPPI FOUNDATION

Tax-exempt · OXFORD, MS 38655

Financials

$101.9M$53.3M2023$115.8M$52.2M2024
Revenue Expenses · by fiscal year end
Financials of UNIVERSITY OF MISSISSIPPI FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$115,798,046$52,238,630$63,559,416$935,677,223$36,999,599$898,677,624
June 30, 2024990$101,913,234$53,310,971$48,602,263$824,349,490$37,337,520$787,011,970
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$94,823,172
Program service revenue
$1,740,794
Investment income
$18,461,443
Royalties
$1,041
Net rental income
$179,373
Net gain from sales of assets
$3,440,485
Net income from fundraising events
$592,223
Other revenue
$772,637

Expenses

Grants and similar amounts paid
$43,708,724
Compensation of officers, directors and key employees
$1,157,994
Other salaries and wages
$2,414,574
Salaries, compensation and benefits (total)
$4,256,887
Professional fundraising fees
$184,826
Legal fees
$263
Accounting fees
$210,634
Occupancy
$33,063
Travel
$1,092,596
Depreciation
$152,443
Program services (functional)
$46,081,017
Management and general (functional)
$3,342,638
Fundraising (functional)
$2,814,975

Balance sheet and other

Total assets, start of year
$824,349,490
Total assets, end of year
$935,677,223
Total liabilities, end of year
$36,999,599
Net assets, end of year
$898,677,624
Land, buildings and equipment
$1,714,481
Publicly traded securities
$395,932,663
Net assets without donor restrictions
$29,726,444
Net assets with donor restrictions
$868,951,180
Gross unrelated business income
$4,884,208
Gross receipts
$261,044,790
Employees
20
Volunteers
37
Year formed
1973
State of legal domicile
MS

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
WENDELL W WEAKLEYPRESIDENT/CEO
Trustee or director, Officer
40$329,101$78,983
MAGGIE E ABERNATHYTREASURER/CFO
Officer
40$195,875$43,783
ANNA M LANGLEYVICE PRESIDENT/SECRETARY
Officer
40$180,750$41,124
LANCE FELKERDIRECTOR OF IT
Highest-paid employee
40$138,500$33,425
CHRISTI BLANDDIRECTOR OF ENDOWMENT
Highest-paid employee
40$106,838$27,643
EVAN GREENEASST DIR OF IT
Highest-paid employee
40$105,908$27,359
LEE ANN COOPERDIR OF GIFTS RECEIPTING
Highest-paid employee
40$101,022$26,726
MARTHA D DALRYMPLEDIRECTOR
Trustee or director
0.01$0$0
EDWARD G FRANCISDIRECTOR
Trustee or director
0.01$0$0
LAMPKIN H BUTTSDIRECTOR
Trustee or director
0.01$0$0
DON B CANNADADIRECTOR
Trustee or director
0.01$0$0
W HUNTER CARPENTERDIRECTOR
Trustee or director
0.01$0$0
MARY SUSAN GALLIEN CLINTONDIRECTOR
Trustee or director
0.01$0$0
LEON COLLINSDIRECTOR
Trustee or director
0.01$0$0
ARTHUR M EDWARDS IIIDIRECTOR
Trustee or director
0.01$0$0
28 more people on this return
NameTitleHours / weekCompensation
ROSE J FLENORLDIRECTOR
Trustee or director
0.01$0
STEPHANIE HICKMANDIRECTOR
Trustee or director
0.01$0
CHRISTOPHER L HALEYDIRECTOR
Trustee or director
0.01$0
EDWARD A KREIDIRECTOR
Trustee or director
0.01$0
STEWART L MOTLEYDIRECTOR
Trustee or director
0.01$0
C MATTHEW LUSCODIRECTOR
Trustee or director
0.01$0
PATRICIA P MCCLUREDIRECTOR
Trustee or director
0.01$0
JOHNNY P MCRIGHTDIRECTOR
Trustee or director
0.01$0
KAREN B MOOREDIRECTOR
Trustee or director
0.01$0
CHARLES W NICHOLSON JRDIRECTOR
Trustee or director
0.01$0
WILFORD A PAYNE IIIDIRECTOR
Trustee or director
0.01$0
ELIZABETH J RANDALLDIRECTOR
Trustee or director
0.01$0
WILLIAM N REEDDIRECTOR
Trustee or director
0.01$0
DAVID T MARTINEAUDIRECTOR
Trustee or director
0.01$0
BRUCE E WAREDIRECTOR
Trustee or director
0.01$0
ROBERT L WARNER JRDIRECTOR
Trustee or director
0.01$0
CHARLES WHITE JRDIRECTOR
Trustee or director
0.01$0
BRENT W WOODDIRECTOR
Trustee or director
0.01$0
WILLIAM D YOUNGDIRECTOR
Trustee or director
0.01$0
GERALD M ABDALLADIRECTOR
Trustee or director
0.01$0
MORROW BAILEYDIRECTOR
Trustee or director
0.01$0
DEAN J DOUGLASDIRECTOR
Trustee or director
0.01$0
WILLIAM M HEREFORDDIRECTOR
Trustee or director
0.01$0
JEFFREY P HUBBARDDIRECTOR
Trustee or director
0.01$0
JONATHAN BO JONESDIRECTOR
Trustee or director
0.01$0
WILLIAM MICHAEL MCDONALD SRDIRECTOR
Trustee or director
0.01$0
CHARLES S O'MARADIRECTOR
Trustee or director
0.01$0
SUZAN B THAMESDIRECTOR
Trustee or director
0.01$0
990 for the year ended June 30, 2024: 41 people
NameTitleHours / weekCompensationOther / benefits
WENDELL W WEAKLEYPRESIDENT/CEO
Trustee or director, Officer
40$323,414$76,510
MAGGIE E ABERNATHYTREASURER/CFO
Officer
40$188,302$41,321
ANNA M LANGLEYVICE PRESIDENT/SECRETARY
Officer
40$165,765$37,406
LANCE FELKERDIRECTOR OF IT
Highest-paid employee
40$132,250$31,354
CHRISTI BLANDDIRECTOR OF ENDOWMENT
Highest-paid employee
40$104,000$26,230
JOHN W BARRETTDIRECTOR
Trustee or director
0.01$0$0
RAYMOND L BROWN JRDIRECTOR
Trustee or director
0.01$0$0
LAMPKIN H BUTTSDIRECTOR
Trustee or director
0.01$0$0
DON B CANNADADIRECTOR
Trustee or director
0.01$0$0
W HUNTER CARPENTERDIRECTOR
Trustee or director
0.01$0$0
MARY SUSAN GALLIEN CLINTONDIRECTOR
Trustee or director
0.01$0$0
LEON COLLINSDIRECTOR
Trustee or director
0.01$0$0
ARTHUR M EDWARDS IIIDIRECTOR
Trustee or director
0.01$0$0
ROSE J FLENORLDIRECTOR
Trustee or director
0.01$0$0
T MICHAEL GLENNDIRECTOR
Trustee or director
0.01$0$0
CHRISTOPHER L HALEYDIRECTOR
Trustee or director
0.01$0$0
EDWARD A KREIDIRECTOR
Trustee or director
0.01$0$0
ROBERT H LAMPTONDIRECTOR
Trustee or director
0.01$0$0
C MATTHEW LUSCODIRECTOR
Trustee or director
0.01$0$0
PATRICIA P MCCLUREDIRECTOR
Trustee or director
0.01$0$0
JOHNNY P MCRIGHTDIRECTOR
Trustee or director
0.01$0$0
KAREN B MOOREDIRECTOR
Trustee or director
0.01$0$0
CHARLES W NICHOLSON JRDIRECTOR
Trustee or director
0.01$0$0
WILFORD A PAYNE IIIDIRECTOR
Trustee or director
0.01$0$0
ELIZABETH J RANDALLDIRECTOR
Trustee or director
0.01$0$0
WILLIAM N REEDDIRECTOR
Trustee or director
0.01$0$0
LEIGH ANNE TUOHYDIRECTOR
Trustee or director
0.01$0$0
BRUCE E WAREDIRECTOR
Trustee or director
0.01$0$0
ROBERT L WARNER JRDIRECTOR
Trustee or director
0.01$0$0
CHARLES WHITE JRDIRECTOR
Trustee or director
0.01$0$0
BRENT W WOODDIRECTOR
Trustee or director
0.01$0$0
WILLIAM D YOUNGDIRECTOR
Trustee or director
0.01$0$0
GERALD M ABDALLADIRECTOR
Trustee or director
0.01$0$0
MORROW BAILEYDIRECTOR
Trustee or director
0.01$0$0
DEAN J DOUGLASDIRECTOR
Trustee or director
0.01$0$0
WILLIAM M HEREFORDDIRECTOR
Trustee or director
0.01$0$0
JEFFREY P HUBBARDDIRECTOR
Trustee or director
0.01$0$0
JONATHAN BO JONESDIRECTOR
Trustee or director
0.01$0$0
WILLIAM MICHAEL MCDONALD SRDIRECTOR
Trustee or director
0.01$0$0
CHARLES S O'MARADIRECTOR
Trustee or director
0.01$0$0
SUZAN B THAMESDIRECTOR
Trustee or director
0.01$0$0

Address and contacts

Address (IRS master file)
406 UNIVERSITY AVE, OXFORD, MS 38655-4389
In care of
% MAGGIE ABERNATHY
Principal officer (990 for 2024)
MAGGIE ABERNATHY, 406 UNIVERSITY AVENUE, OXFORD, MS 38655
Signed the 990
MAGGIE ABERNATHY, CFO/TREASURER
Phone
(662) 915-5944
Return prepared by
KPMG LLP

Mission

SEE SCHEDULE O

990 for the year ended June 30, 2025

Program accomplishments

  • UNIVERSITY PROGRAMS - TRANSFERS TO THE UNIVERSITY TO BE USED TO PROVIDE NON-ACADEMIC PROGRAMS AND ACTIVITIES, SUCH AS HONORS PROGRAMS, LIBRARIES, AND SPECIAL EVENTS.
    Expenses $18,799,091 · grants $16,426,797
  • SCHOLARSHIPS - TRANSFERS TO THE UNIVERSITY FOR DIRECT STUDENT FINANCIAL SUPPORT.
    Expenses $11,629,264 · grants $11,629,263
  • 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.
    Expenses $6,380,227 · grants $6,380,227
  • Expenses $9,272,435 · grants $9,272,435

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
23-7310293
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1976
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B110)
Assets (IRS master file)
$935,677,223
Income (IRS master file)
$261,044,790

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$115,798,046$52,238,630$935,677,223XML
990-TJune 2025–––IRS
990June 2024$101,913,234$53,310,971$824,349,490XML
990-TJune 2024–––IRS
990June 2023$95,544,401$45,448,713$755,235,379IRS
990-TJune 2023–––IRS
990June 2022–––IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7310293).

Questions about UNIVERSITY OF MISSISSIPPI FOUNDATION

What is the EIN of UNIVERSITY OF MISSISSIPPI FOUNDATION?
The employer identification number (EIN) of UNIVERSITY OF MISSISSIPPI FOUNDATION is 23-7310293.
Is UNIVERSITY OF MISSISSIPPI FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1976.
Are donations to UNIVERSITY OF MISSISSIPPI FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does UNIVERSITY OF MISSISSIPPI FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of UNIVERSITY OF MISSISSIPPI FOUNDATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did UNIVERSITY OF MISSISSIPPI FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of UNIVERSITY OF MISSISSIPPI FOUNDATION?
The 990 for the year ended June 30, 2025 names MAGGIE ABERNATHY.
Who are the officers and directors of UNIVERSITY OF MISSISSIPPI FOUNDATION?
The 990 for the year ended June 30, 2025 lists 43 people; 7 received compensation from the organization, the highest $329,101 (WENDELL W WEAKLEY, PRESIDENT/CEO).
How much revenue does UNIVERSITY OF MISSISSIPPI FOUNDATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $115,798,046, expenses of $52,238,630 and total assets of $935,677,223 at year end.

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