Updated:
USA Foundation
The University of South Alabama Foundation was established in 1968. Its sole purpose is to provide financial support to the university's academic and...
USA Foundation
The University of South Alabama Foundation was established in 1968. Its sole purpose is to provide financial support to the university's academic and healthcare operations. The foundation deploys capital across timberland, mixed-use real estate, oil and gas interests, and public equities. Confirmed holdings include 77,585 acres of timberland in Alabama and Mississippi plus remaining tracts at the former Brookley Complex in Mobile. It has executed direct land sales to the City of Mobile and maintains an operating timber management business. Assets total 418 million dollars with no disclosed headcount or additional offices. A September 2024 board meeting addressed property acquisitions and medical education funding. The foundation also maintains the Jack Laidlaw Fund for the Performing Arts and has transferred shoreline parcels to the university for research use. Governance centers on a board that directs all distributions to the university, with no external LP vehicles or co-investment programs.
General information
Firm type
Endowment / Foundation
Year founded
1968
AUM
$468.9M
Location
Region
North America
Country
United States
City
Little Rock
Corporate office
211 N. Conception Street, Mobile, AL, United States
Principals
John McMillan
President of the Board of Directors
Sector focus
Frequently asked questions
Who runs investment decisions at USA Foundation?
John McMillan serves as President of the Board of Directors. The board approves all major asset decisions including property transactions.
Does USA Foundation participate in fund commitments or only direct deals?
The foundation holds assets directly. Its portfolio consists of owned timberland, real estate parcels, and a marketable securities book with no external fund commitments disclosed.
What asset classes does USA Foundation hold?
Holdings include timberland, mixed-use real estate, oil and gas interests, and public equities. Timberland represents the largest single position at an estimated $181 million.
Where does the underlying wealth come from?
The foundation receives donations and manages assets to generate returns for the University of South Alabama. It does not originate from a single family or operating company.
How is USA Foundation related to the University of South Alabama?
The foundation's sole mission is to support the university. All distributions and asset decisions serve the university's academic and healthcare programs.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on endowments & foundations?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: