- Dr. Shelby
F. Thames, president of The University of Southern Mississippi, announced
Saturday during homecoming festivities the successful completion of
the university's $100 million fund-raising campaign.
The effort began in July 1997 with a silent
phase that moved into a public phase in April 2001. On June 30,
2004, the campaign concluded with a total of $107,772,415.72 generated
from the private sector in support of Southern Miss.
"We are grateful to the many volunteers
and donors who worked diligently to bring this campaign to a successful
conclusion," said Thames of the comprehensive fund-raising
effort. "Thanks to those Southern Miss supporters who believe
in this institution's educational opportunities, we will continue
to recruit and educate the best and brightest students."
The funds resulting from the campaign will allow the
university to expand its research output, nurture economic development
partnerships and support certification and accreditation for every
program available at Southern Miss. The six priorities identified
at the campaign's inception by staff, administration, development
and athletic personnel, alumni and friends are merit scholarships,
faculty and staff development, Gulf Coast campus expansion, libraries
and technology, athletics and Founders' Society membership.
Reported campaign gifts collectively include cash,
pledges, planned gifts and in-kind donations through all three university
fiduciaries - the USM Foundation, The University of Southern Mississippi
Athletic Foundation and The University of Southern Mississippi Research
Foundation. The Southern Miss Alumni Association was also involved
in the seven-year campaign.
Campaign gift totals are reported at face value in
the following categories:
cash--$35,533,463.21; pledges--$44,006,546.52; planned
gifts--$21,862,652.62; and in-kind donations--$6,369,753.37.
"Despite the downturn in the economy during this
campaign, Southern Miss supporters continued to show their confidence
in the university by investing in it," said campaign chairman
Dr. Aubrey K. Lucas, president emeritus of Southern Miss. "This
remarkable achievement was made possible through the tremendous
effort of those individuals who love the university and want to
see it thrive."
Campaign results reported at face value are as follows:
- $28,751,884.54 for scholarships
- $16,013,409.02 for faculty and staff development
- $1,291,085.45 for libraries and technology
- $14,234,939.55 for Gulf Coast campuses
- $38,746,538.41 for athletics
- $8,734,558.75 for areas other than the original
- 418 members enrolled in the Founders' Society
"In addition to the $107,772,415.72, intellectual
properties valued at $44,039,560 were donated to the Southern Miss
Research Foundation through 2002," said Thames. "These
values were provided by the donor and accepted by the Internal Revenue
Service. Intellectual property gifts from January 2003 through June
2004 are not included because the valuations have not been provided."
The three Southern Miss foundations are nonprofit
501(c)(3) corporations that serve as fiduciaries of all private
funds donated to Southern Miss.
"It is evident that a lot of hard work was involved
in this fund-raising effort to generate these funds in seven years,
and we are extremely pleased with the philanthropic giving of our
donors," said Thames. "Southern Miss is a world-class
institution with high expectations in accomplishing any given goal.
This campaign is exemplary of the spirit of our community."
For more information about the campaign, call Tim
Ryan, executive director of The University of Southern Mississippi
Foundation at (601) 266-5602.
The Campaign for Southern Miss
- Cash $35,533,463.21
- Pledges $44,006,546.52
- Planned Gifts $21,862,652.62
- In-kind Donations $6,369,753.37
- Scholarships $28,751,884.54
- Faculty and Staff Development $16,013,409.02
- Libraries and Technology $1,291,085.45
- Gulf Coast Campuses $14,234,939.55
- Athletics $38,746,538.41
- Founders' Society 418 Memberships
- Areas other than original campaign priorities
In addition, intellectual properties valued at $44,039,560
were donated to The University of Southern Mississippi Research
Foundation through 2002. These values were provided by the donor
and accepted by the IRS. Intellectual property gifts from January
2003 through June 2004 are not included because the valuations have
not been provided.