THE UNIVERSITY OF SOUTH ALABAMA FOUNDATION WAS ESTABLISHED TO SUPPORT THE FUNCTIONS AND ACTIVITIES OF THE UNIVERSITY OF SOUTH ALABAMA. CONTRIBUTIONS ARE MADE DIRECTLY TO THE UNIVERSITY FOR AND IN SUPPORT OF STUDENT SCHOLARSHIPS, FACULTY POSITIONS AND PROGRAMS, AND OTHER
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$458.3M
+9.3% YoY
Annual Giving
$14.6M
+10.4% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$14.6M
+10.4% YoY
About University of South Alabama Foundation
Based on IRS filings
University of South Alabama Foundation is a nonprofit organization focused on Education, based in MOBILE, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $458.3M in total assets. In 2024, it awarded 1 grants totaling $14.6M. Net investment income was $10.6M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $458,334,456 | $419,243,148 | $392,021,424 |
| Revenue | $11,339,312 | $11,851,648 | $13,140,864 |
| Expenses | $20,371,702 | $16,919,092 | $36,444,738 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $10,558,934 | $10,869,553 | $9,671,288 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of South Alabama ($14,632,872).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF SOUTH ALABAMA MOBILE, AL | SCHOLARSHIPS, FACULTY POSITIONS, AND OTHER SUPPORT | $14,632,872 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MAXEY J ROBERTS | MANAGING DIRECTOR/BOARD MEMBER | 40 | $362,520 |
| GREGORY LUCE | VICE PRESIDENT/BOARD MEMBER | 1 | — |
| JOHN MCMILLAN | PRESIDENT/BOARD MEMBER | 1 | — |
| LOWELL J BONDS | SECRETARY/BOARD MEMBER | 1 | — |
| ROBERT P HALL | TREASURER/BOARD MEMBER | 1 | — |
| ALEXIS ATKINS | BOARD MEMBER | 1 | — |
| ANJANETTA DAVIS | BOARD MEMBER (BEG. 3/7/2024) | 1 | — |
| ARLENE MITCHELL | BOARD MEMBER | 1 | — |
| D LYNN DYESS | BOARD MEMBER | 1 | — |
| DAMIAN J COLLINS | BOARD MEMBER | 1 | — |
| DON WORD | BOARD MEMBER | 1 | — |
| ELIZABETH VANDEWAA | BOARD MEMBER | 1 | — |
| ISABEL Z BROWN | BOARD MEMBER | 1 | — |
| JAMES H CROSBY | BOARD MEMBER | 1 | — |
| JOHN T WHIDDON | BOARD MEMBER | 1 | — |
| JOSIAH R BONNER JR | BOARD MEMBER | 1 | — |
| MARGARET D YOUNG | BOARD MEMBER (DECEASED 12/11/2023) | 1 | — |
| NOLAN C LEAKE | BOARD MEMBER | 1 | — |
| NORMOND B MCALLISTER JR | BOARD MEMBER | 1 | — |
| OTHA LEE BIGGS | BOARD MEMBER | 1 | — |
| ROBIN MCNAIR | BOARD MEMBER (BEG. 12/11/2023) | 1 | — |
| W ALLEN CARROLL JR | BOARD MEMBER | 1 | — |
| BRAD B ROBERTS | CHIEF FINANCIAL OFFICER | 40 | $263,979 |
| H WADE FAULKNER | INVESTMENT MANAGER | 40 | $187,847 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is University of South Alabama Foundation?
University of South Alabama Foundation is a nonprofit organization focused on Education, based in MOBILE, AL. It holds $458.3M in total assets as of 2024.
How large is University of South Alabama Foundation?
As of 2024, University of South Alabama Foundation holds $458.3M in total assets with $11.3M in annual revenue. It awarded 1 grants totaling $14.6M in 2024.
Where does University of South Alabama Foundation operate?
University of South Alabama Foundation has awarded grants in Alabama.
What size grants does University of South Alabama Foundation award?
In 2024, University of South Alabama Foundation awarded 1 grants totaling $14.6M — an average of about $14.6M per grant, based on its IRS Form 990 filings.
What is University of South Alabama Foundation's EIN?
University of South Alabama Foundation's EIN (Employer Identification Number) is 63-6065809. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in University of South Alabama Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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