2008-2009 Annual Report
Transcription
M i s s i s si p p i S t a t e U n i v e r si t y F o u n d a t i o n Thank you . FOR YOUR LOYALTY, PRIDE & PASSION Thank you . FOR YOUR LOYALTY, PRIDE & PASSION A n n u a l R e p o r t 2 0 0 8 -2 0 0 9 Post Office Box 6149 | Mississippi State, MS 39762 | 662.325.7000 | www.msufoundation.com MISSISSIPPI STATE UNIVERSITY FOUNDATION Discrimination based upon race, color, religion, sex, national origin, age, disability, or veteran's status is a violation of federal and state law and MSU policy and will not be tolerated. Discrimination based upon sexual orientation or group affiliation is a violation of MSU policy and will not be tolerated. ANNUAL REPORT 2008-2009 Thank you . It is sometimes difficult to express the depth of our gratitude to the faithful donors who make each fiscal year of giving a success for Mississippi State University. By conveying special stories of talented students and exceptional faculty, the MSU Foundation hopes to translate the resonating ideals of loyalty, pride and passion that pass between our people and our contributors. We salute you, as one of our donors for fiscal year 2008-09. Thank you for igniting the third highest giving year in school history. Nearly $61.5 million was raised in gifts and pledges of future support which will assist our university as it pursues its goals. Together, we are making a difference every day. 1 A PASSI ON TO SUCC EED The generosity of Lila and Hunter Henry gave Christina Young the opportunity for success, and the promise of a lifelong friendship. z Young graduated from Mississippi State work is so rigorous, but the pros definitely out- University in December, and in July, she will begin weighed the cons,” Young explains. “I’m really an intensive training period with ExxonMobil Corp. proud I selected engineering as a career choice and I in Sterling, Va. Once training is complete, she’ll be feel confident I’m going to make good use of my stationed in Fairfax, Va., as a marketing engineer in degree,” she adds. the Lubricants and Specialties Company. During her time at MSU, Young participated “A new adventure has begun for me, and as I in the Fred and Sara Jean Burke Study Abroad reflect back I couldn’t be happier with my decision Program in the James Worth Bagley College of to pursue chemical engineering at MSU,” explains Engineering, by traveling to Bristol, England. She the recent graduate from Vancleave. also worked two separate internships, one for Young admits she didn’t initially consider Mississippi Power, and another for Congressman Mississippi State because she wanted to attend a Roger Wicker in Washington, D.C. university out of state. However, she set those As she approached graduation, Young was plans aside when she learned of MSU’s Presidential definitely feeling sentimental while reflecting back Endowed Scholarships. on her MSU experience. “When I accepted the Lila and Hunter Henry “I am very excited about the opportunity to Presidential Endowed Scholarship, the MSU work with some of the best engineers in the world experience became one of those things where you at ExxonMobil, but I’m also sad to leave the can’t see yourself anywhere else. I knew it was comforts of MSU,” she shares. where I was meant to be,” she explains. One thing she takes from her MSU experience The scholarship was a win-win opportunity for is the benefit of having been a Presidential Young. Because of the generosity of the Henry Endowed Scholar. family, she was able to attend MSU without “Because of Hunter Henry’s loyalty to MSU incurring the debt of an average student. Another and his desire to help others, I’ve been given a great advantage for her has been the personal interaction opportunity to succeed,” said Young. “His personal she has had with her benefactor, Hunter W. Henry, involvement, accessibility and encouragement Jr., a retired chemical engineer. enabled me to pursue my education and gave me an “Hunter Henry has been incredibly encouraging extra edge in the industry.” to me,” she says. “He’s made himself accessible by Christina definitely intends to continue ties giving me advice and he’s fueled my passion to with the Henry family. succeed.” “Hunter Henry has been like a grandfather to The encouragement definitely made an impact. me, and his family is so supportive of the things he “Pursuing a chemical engineering degree was a holds dear. I just can’t imagine not continuing the love-hate relationship at times because the course- friendship.” 5 A Desire to Make Things Happen LILA AND HUNTER HENRY Alumnus Hunter W. Henry Jr. is like a proud grandparent when he talks about his scholarship recipients – past and present. He corresponds with them frequently, enjoys the family photos they send, and feels an overwhelming pride in their accomplishments. Growing up in Canton, Henry worked hard for what he had, especially the chemical engineering degree he earned from Mississippi State University. His parents instilled in him courage and the value of an education. Now, a passion motivates him to make things happen in the lives of others. In the early 1990s, Henry, a retired president of Dow Chemical USA, was serving on an advisory committee for the university’s engineering college when he was asked to support scholarships. After much consideration, Henry began two scholarships for entering freshmen – one in chemical engineering, and another in mechanical engineering. From there, the list grew. To date, more than 50 students have graduated thanks to being a recipient of a scholarship established by Henry and his family. The coming years will bring more Henry Scholars because of the unique way the San Marcos, Texas, resident has structured his gifts. Joined in his benevolent support of MSU by his wife, Lila Harlow Henry, and their sons, Henry has put substantial resources behind his belief that financial investment pays greater dividends. Bequests from Hunter and Lila have been made through the MSU Foundation’s Donor-Advised Fund Program. The gifts are designated through the separate, non-profit corporation modeled on similar programs offered by some community foundations and financial brokerage firms. The scholarships, awarded from the fund’s distributions, will continue in a seamless fashion for generations of students. The Henry family’s giving at Mississippi State isn’t limited to scholarships. It extends to an endowed chair in chemical engineering and a lecture series. The lead gift for the Hunter Henry Center, home of alumni and development operations for MSU, was also a result of their generosity. Henry’s life-long link with MSU has also been marked by his exceptional personal involvement. “What benefits individuals are the things that give me the most satisfaction,” he says. In loving memory of Lila Harlow Henry July 9, 1929 - January 3, 2010 6 Throughout its history, Mississippi State University has stood for the ideals that have forever endeared its graduates and countless friends. Their gifts inspire our students to learn more, motivate our faculty to teach and research with vigor, and challenge our entire institution to better serve our state and nation. 9 THE MEAN S TO MAKE AN IMPACT Dr. Philip A. “Phil” Bushby, has dedicated his career to promoting animal welfare and wellness. An endowed position, established by Marcia Lane, is allowing him to expand the reach of his life’s work. z As a board certified surgeon, the 32-year “In 2007, CVM received three funding Mississippi State University veteran teaches opportunities that changed the course of our shelter veterinary students about small animal surgery and medicine program,” Bushby said. “We were able to shelter medicine. This mission helped earn him the purchase a trailer that is equipped for emergency honor of being named the Marcia Lane Endowed care and has a fully functioning surgical suite.” Chair of Humane Ethics and Animal Welfare in the All of the materials, equipment and supplies, as College of Veterinary Medicine, and has impacted the well as salaries, are furnished by grants and donations. life and health of thousands of animals in Mississippi. The endowed chair made it possible for Bushby to Bushby, a native of New Hampshire, first began focus his career on educating students in small his career as an intern at Bergh Memorial Animal animal surgery. Hospital, a part of the American Society for the “The Lane Chair has created a tremendous Prevention of Cruelty to Animals headquartered in educational experience for our students,” continued New York City. During that year, the ASPCA Bushby. “Other veterinary schools are not able to euthanized over 132,000 dogs and cats, a staggering offer the amount of hands-on training in spay and number that has stayed with Bushby ever since. neuter procedures as we are with this program.” “I don’t remember anyone discussing shelters, Bushby credits Lane, for the impact the mobile overpopulation or euthanasia at all when I was in veterinary unit is making across North Mississippi. veterinary school,” said Bushby. “My internship and Before the increase in funding, Bushby and his residency at the ASPCA was an eye-opener to one students were only able to perform around 14 of the major animal welfare issues in our country.” surgeries per trip, and trips were made once every Because of the profound affect the internship three weeks. Now the surgical team travels four left on Bushby, he has dedicated his service at days each week and performs an average of 29 Mississippi State to researching animal welfare and surgeries per trip. the socioeconomic factors affecting it, as well as “Because of donors like Marcia Lane, our teaching surgical procedures to future veterinarians. students graduate understanding the problem that Bushby oversees the CVM shelter medicine there are more animals than homes,” he said. program. Each week, he and a team of students “Opportunities such as CVM’s shelter medicine travel to communities in northern Mississippi for program are creating a generation of students that routine health care check up’s and to perform spay understand the issues and can affect the future.” and neuter procedures on shelter animals. The Lane shares Bushby’s commitment to reducing mobile veterinary unit was made possible by the the overpopulation of unwanted dogs and cats and Lane Chair and grants from the Humane Society of reducing the numbers of animals euthanized in the United States and American Kennel Club shelters. Together the two form a team who work Companion Animal Recovery program. tirelessly to reduce animal overpopulation. 13 A Sense of Responsibility MARCIA LANE Native Californian Marcia Lane has been interested in animals her entire life, and is well-known for her efforts in animal welfare. Many organizations across the country contact Lane, who now resides in Columbus, when animals are in need of rescue. When Lane expressed an interest in becoming more involved with animal welfare in her new community, Mississippi State University’s College of Veterinary Medicine and Dr. Philip Bushby, an MSU professor of surgery, were highly recommended to her by friends. An overwhelming desire to educate others and provide care for animals not fortunate enough to have an owner led Lane to establish an endowment for a professorship at MSU. The unique faculty position is the culmination of her lifelong love of animals. An additional contribution from Lane expanded the position from a professorship to an endowed chair. Her gift makes possible funding beyond state salary for activities related to work of the chair. The Marcia Lane Endowed Chair in Humane Ethics and Animal Welfare ensures that her life’s work will continue in perpetuity. The position allows CVM to forge a more collaborative relationship with animal sheltering organizations in the area and throughout the state. Other plans for the chair include the development of an education program for school children focused on the proper care of animals and pet overpopulation. Still, further contributions from Lane extended the scope of the chair, making funds available for enhancements including a resident, intern or technician position and medical supplies. Lane takes a very personal interest in the contributions she makes. One of her latest gifts created a special fund in memory of her beloved German shepherd, Rocky, who was treated at CVM. The Rocky Lane Pets in Need Fund is used to offset major expenses for patients who need critical or lifesaving procedures and whose owners cannot afford such care. In all, Lane has provided Mississippi State and CVM with gifts in support of the humane ethics and animal welfare program, the equine program and the animal health center. The number of animals and students who benefit from Lane’s generosity and willingness to assist others is immeasurable. Her loyalty to, and passion for, animals has become her legacy. 14 A passionate desire to ensure time honored traditions motivates many alumni to give. For others, it is an overwhelming sense of pride that is passed down through generations. And, still more share a loyalty in simply being one part of a unified effort to move the university forward. 17 IN PURSUIT OF A DR EAM A special scholarship established by Hal and Linda Parker paved the way for Louisiana resident Matilda Asuzu to attend Mississippi State University. Now studying at the university is better than she imagined. z As a member of the prestigious Bobby and In the past several years, Asuzu participated in Judy Shackouls Honors College, the MSU junior the Global Leadership Program, journeying to takes full advantage of the support system the Kwangwoon University in Seoul, Korea. She also academic unit offers its scholars. The mentoring served as a summer intern with MSU’s Northern opportunities though the honors experience at Gulf Institute. The experience she gained, while Mississippi State, she says, are simply superb. producing podcasts for the institute’s Louisiana Sea “Dr. John Marszalek, our faculty mentor, Grant, fits in with her long-term goal of studying looks out for our well being as students and I am multimedia in graduate school. able to network and meet with professors outside Recently, Asuzu had the opportunity to meet of my major who counsel me with regard to courses her benefactors, Hal and Linda Parker, and thank and internships,” she explains. them for their loyalty to MSU and their support of As a Distinguished Scholar, Asuzu receives the the scholarship. Hal and Linda Parker Presidential Endowed Schol- “I’m very fortunate to have been able to arship. The scholarship will provide the Baton receive the scholarship, and I want to do my best to Rouge native with a four-year degree and other show the Parkers what their contribution has done educational opportunities. She also takes advantage for me by experiencing all MSU has to offer and of the unique living and learning environment of excelling in my area of study,” she explains. honors housing since room and board are included When Asuzu made her initial decision to attend with tuition. Mississippi State University, it was for many reasons. S. Bryce Griffis Hall is home of the Judy and “Some of my first impressions of campus were Bobby Shackouls Honors College and honors how gorgeous it was and how friendly the people housing. The facility is named for MSU alumnus were,” she recalls. “Now that I’m here that hasn’t S. Bryce Griffis, former president of the Board of changed, but there’s so much more to Mississippi Trustees of State Institutions of Higher Learning, State and I definitely understand why there is such who served the longest tenure in board history. a strong connection between graduates and the Residents of the facility, like Asuzu, must be institution.” accepted to, and maintain standing as an honors To sum up her MSU experience thus far, student. Asuzu said, “We truly are members of the Bulldog Asuzu is studying communication with an family here – I think that’s the thing that impresses emphasis in broadcasting while working toward a me so much about our campus. We say we are a minor in computer science. She has many interests family and it truly feels that way.” and seeks to absorb as much knowledge as possible. 21 A Spirit of Giving HAL AND LINDA PARKER Hal and Linda Parker are continuing a family tradition in education at Mississippi State University. Hal Parker’s strong ties with Mississippi State began with his parents, Hattie Ratcliff Parker and Roy Hal Parker, Sr., who received their degrees from the university. Being school teachers, the elder Parkers instilled the value of education in their son. It was a natural choice for Hal to attend Mississippi State. He graduated in 1969 with a degree in business, and is presently a real estate developer who owns Sunbelt Properties, among other interests. Despite a busy career, Hal remains active at the university, serving on various boards. Hal and his wife, Linda Foran Parker, are longtime loyal contributors of the university. The Bolton couple invest their time and resources in the overall MSU experience – from academics to athletics. They visit the university whenever possible and particularly enjoy attending athletic events. Their sons, Cameron and Brandon, also attended Mississippi State. The Parker family tradition of an MSU education is gaining ground through the couple’s support of scholarships. The Hal and Linda Parker Presidential Endowed Scholarship is among the most prestigious offered by Mississippi State. The scholarship provides each recipient with a four-year degree and other opportunities, such as one-on-one time spent with a mentor and study abroad. “God has blessed us in a special way, and to be able to help someone else to get an education is a privilege. They, in turn, will be better prepared to help others,” says Linda. The Parkers hope through receiving their scholarship, each recipient will realize his or her life’s ambition and maintain a special connection with all things Mississippi State. The Parkers’ support extends to other areas of the university. A $1 million gift from the couple funded the grand ballroom in the Hunter Henry Center, giving the university one of the largest meeting and dining sites on campus. They are also loyal supporters of the Bulldog Club. 22 Each year, gifts from alumni and friends continue to create a margin of excellence for the university to adapt to the ever-changing demands of the students it serves and the state of Mississippi. By carefully allocating these gifts to the areas of greatest need and highest priority, the university can ensure adequate resources to achieve its goals. 25 WELL POSI TION ED FOR SUCC ESS The choice to return to Mississippi as a teacher was an easy one for Dr. Rayford B. “Ray” Vaughn. His accomplishments were recognized by MSU as he was named Bill and Carolyn Cobb Chair in Engineering. z After nearly three decades of serving in the Intelligence Agency, Federal Bureau of Investigation, United States Army and corporate computer services, National Security Agency, Department of Defense the retired colonel and his wife were excited to move and other high priority security government agencies. back home. “The reputation of our students is well-known Vaughn, a Hattiesburg native, who holds degrees in the computer security field across the nation and from the University of Southern Mississippi and around the world,” he said. Kansas State University, currently serves as head of The computer security program at Mississippi the Department of Computer Science and Engineering State has acquired over $18 million in grants. The within the Bagley College of Engineering at university boasts five security labs on campus, helps Mississippi State. In July 2009, he was appointed support a cyber crime fusion center in Jackson, and to the endowed position. offers free computer crime investigation training to “Three or four days after being named chair law enforcement officers from around the country. holder, I received a phone call from Bill Cobb All of these programs are funded through grants. congratulating me on the position,” said Vaughn. “I “In the military, a competitive advantage is was surprised and honored when I got the call, and referred to as a force multiplier,” said Vaughn. look forward to establishing a close relationship with “Force multipliers range from artillery, to advanced the Cobbs.” weapons, to manpower or aircraft. These are used to Being named the Cobb chair holder was an help defeat the enemy or build a stronger defense.” esteemed honor for Vaughn that recognized many of When applied to the academic world, Vaughn his accomplishments at Mississippi State. When he believes force multipliers are the alumni and donors joined the faculty in 1997, Vaughn taught software who stand behind us and help build a strong defense engineering and helped develop the nation’s first against such “enemies” as budget cuts and limitations. accredited bachelor’s degree in software engineering. “Our alumni help fight off “the enemy,” per se, However, he also felt he could contribute to the and propel us to accomplish more,” he continued. field of computer security. “Our donors are always there when we need them, In 1998, Vaughn helped establish the computer and we could not do what we do without them.” security program in the James Worth Bagley College Vaughn is proud to work for a university of Engineering. Since its founding, this unique whose constituents provide a never-ending source academic unit has been named a National Center for of support and encouragement. Academic Excellence three times, and is ranked in “The Cobbs, James and Jean Bagley and other the top 10 universities for computer security studies. MSU alumni and friends give back in so many ways,” Among its academic accomplishments, the said Vaughn. “It is much more than their financial computer security program graduates students who gifts, but also the loyalty, service and time that make serve in positions with the United States Central Mississippi State such a great place.” 29 A Commitment to Teaching BILL AND CAROLYN COBB A respect for good teachers is something William M. “Bill” Cobb learned from his father, who taught agriculture in the small town of Kewanee. The younger Cobb followed his father’s footsteps and furthered his education at Mississippi State. However, he deviated from his dad’s pursuit of agriculture by choosing to study engineering. “I always knew I was going to Mississippi State,” Cobb said. “I was a Bulldog from the day I was born because my dad had gone to MSU. The university was there for me, and over the years as a student and then as a faculty member, I developed relationships and friendships that continue today.” Cobb received bachelor's and master's degrees in petroleum engineering from MSU in 1966 and 1967, respectively. Later, he earned a doctorate at Stanford University. He returned to Mississippi State in the 1970s and taught petroleum engineering. Following his stint from 1972-75 as an assistant professor, he went on to a successful career in petroleum engineering and geological consulting. Cobb is marking his 25th year with the highly successful consulting firm he founded with his wife, Carolyn, a business education graduate of the University of Oklahoma. William M. Cobb & Associates provides petroleum engineering and geological consulting services internationally, and also teaches industry short courses. Cobb remains loyal to the institution that provided him with an educational background for his distinguished career. Together, he and Carolyn are ensuring good teachers are available for MSU engineering students with the creation of an endowment for a faculty chair at Mississippi State. Several years ago, the Texas couple established an endowed chair in the university’s James Worth Bagley College of Engineering to be filled by a faculty member serving in a department chair position. The Bill and Carolyn Cobb Chair provides enhanced research and teaching activities in the college. “We wanted to help young men and women reach for their dreams, and maybe even go beyond them,” Cobb said of the gift. “We also hope it will provide encouragement to others to support MSU or the college of their choice.” 30 Honor Roll of Donors MISSISSIPPI STATE UNIVERSITY FOUNDATION ANNUAL REPORT 2008-2009 (DONORS FROM JULY 1, 2008 - JUNE 30, 2009) 33 Legacy of Leadership and Old Main Society Legacy of Leadership membership is based on the donor’s cumulative lifetime giving to Mississippi State University. This program serves to recognize those generous donors who assist Mississippi State in fulfilling its mission of providing the highest level of excellence in academic, research and service programs. The Legacy of Leadership and Old Main Society consist of eight levels. Membership in the Old Main Society is available to those who include the university as a primary beneficiary in their wills or make other deferred gifts. Donors in both the Legacy of Leadership and the Old Main Society are recognized at their highest membership level. (Members from July 1, 2008 through June 30, 2009) Donald W. Zacharias Roundtable $25,000,000 and Above Mr. and Mrs. James W. Bagley J.W. Bagley Foundation Robert M. Hearin Support Foundation *Mr. and Mrs. Leo W. Seal Jr. Leo Seal Family Foundation *Dave and Beth Swalm Swalm Foundation James A. McComas Benefactors $10,000,000 to $24,999,999 Mr. and *Mrs. Hunter W. Henry Jr. Mr. Louis A. Hurst Jr. The Riley Foundation Mr. and Mrs. Bobby Shackouls William L. Giles Partners $5,000,000 to $9,999,999 Mr. Richard C. Adkerson Richard C. Adkerson Family Foundation Anonymous Donor (2) The Crosby Arboretum The Dupont Energy Co. Henry Mize Charitable Foundation Joe Frank Sanderson Foundation E.H. Sumners Foundation *Floyd D. Wade Sr. Dean W. Colvard Founders $1,000,000 to $4,999,999 Alias Wavefront Dr. Lester Andrews Anonymous Donor *Mr. James P. Applewhite Asbury Foundation William Thomas and Sue T. Austin BancorpSouth Mrs. Viola G. Bardsley The Boeing Co. - Arlington, Va. The Bower Foundation Robert B. and Jeanne R. Boykin Tom Bradshaw 34 Mr. and Mrs. George W. Bryan Sr. Burlington Resources Inc. Mr. and Mrs. Fred E. Carl Jr. Blanche J. Caviness Estate ChevronTexaco Corp. Citicorp Mr. and Mrs. Albert C. Clark Joel and Toni Clements Dr. and Mrs. William M. Cobb Mr. and Mrs. Edward C. Collum Kelly G. Cook Sr. Foundation Inc. Mr. and Mrs. Johnny Crane The Day Foundation Mr. and Mrs. Earnest W. Deavenport Jr. Delta and Pine Land Co. *Durward and *Georgene Dunn Eastman Chemical Co. Ergon Inc. Mr. James C. Forbes Bill and Sara Foster Mr. Hassell H. Franklin Mr. W. Bruce Franklin and Mrs. Donna B. Franklin Freeport-McMoRan Foundation Furniture Brands International Mrs. Linda Martin Garrett Mr. and Mrs. Bryce Griffis Mr. and Mrs. John R. Grisham Jr. Phil Hardin Foundation *Mr. and Mrs. Thomas H. Harris Jr. Mr. and Mrs. Robert V.M. Harrison *Mrs. Winifred B. Hartwig Mr. and Mrs. A.P. “Jack” Hatcher Jr. Mr. and Mrs. Mickey Holliman Honda North America Inc. Mrs. Alice G. Johnson Mr. and Mrs. John M. Johnson Mr. and Mrs. Kenneth D. Johnson Mark S. and Cindy P. Jordan W.K. Kellogg Foundation Mr. James C. Kennedy Ms. Marcia P. Lane Mr. Malcolm H. Mabry Jr. Mr. and Mrs. Bobby P. Martin Mississippi Power Co. Mr. and Mrs. Davis K. Mortensen Northrop Grumman Corp. - Los Angeles, Calif. Oracle Corp. PACCAR Foundation Mr. and Mrs. Rafael Palmeiro Mr. and Mrs. Hal Parker Jr. Mr. John Player Tex and Carolyn Ritter Dr. M. Diane Roberts Mr. and Mrs. James J. Rouse Mr. and Mrs. Richard A. Rula Ottilie Schillig Trust Seismic Micro-Technology Inc. Shady Brook Angus Mr. W.C. Shoemaker Mr. and Mrs. Percy E. Smith Mr. and Mrs. Graham Somerville Southern Cattle Co. Mr. J. Perry Stewart Mrs. Rose M. Stewart The Taylor Foundation Tennessee Valley Authority - Knoxville, Tenn. Dr. and Mrs. Everett L. Tessmer Texas Petrochemicals Corp. Dr. and Mrs. Glover B. Triplett Jr. Viking Range Corp. Mr. Charles Cullis Wade Mr. and Mrs. Floyd D. Wade Jr. Mrs. Joe Ann W. Ward Paul L. Wells Estate Mr. and Mrs. James T. White *Mr. Joseph B. Whiteside Mr. Turner A. Wingo Stephen D. Lee Society $500,000 to $999,999 3M Corp. Mr. and Mrs. James K. Ashford Autodesk Inc. *Mr. A.L. Aydelott Barksdale Reading Institute Hines and Linda Brannan Briarwood Enterprises Edwin Bridgforth Estate Mr. and Mrs. James D. Bryan Miriam Bryant Estate Mr. and Mrs. Fred P. Burke Mr. James H. Cannon Mr. and Mrs. Robert L. Carpenter Christ Is Our Salvation Columbus Orthopaedic Clinic Community Foundation of Greater Memphis F.L. Crane and Sons Inc. Mrs. Barbara H. Criswell Mr. Steve Davenport James A. Davis Estate Design Integrations Inc. Dow Chemical Co. Mr. and Mrs. John N. Dowdle Durward Dunn Inc. Mr. Ray B. English Entergy Mississippi ExxonMobil Corp. - Houston, Texas Federal Express Fidelity Investments *Mrs. June M. Files Fore Systems Inc. Mary E. Frederic Estate Mary W. Gallaspy Trust General Dynamics Corp. E.M. “Hoot” and Doris Gipson Mr. and Mrs. Stephen D. Golding Mr. William C. Green III Ms. Gretchen Gulmon Mr. and *Mrs. John C. Hammack Hill’s Pet Nutrition Inc. The Humane Society of the United States *Mr. and Mrs. Alvis T. Hunt ITT Industries Inc. Lam Research Corp. Dr. and Mrs. Rusty Linton Marion T. Loftin Estate MBNA Georgia G. McPherson Medline Industries Mississippi Cotton Inc. Mississippi Soybean Association Mississippi Soybean Promotion Board Dr. and Mrs. Niles R. Moseley The Oakwood Foundation Dr. and Mrs. R.L. Qualls Dr. William E. Reeves and Dr. Betty S. Reeves Mr. and Mrs. Joe D. Robison Jr. Mr. Michael J. Ryan Mrs. Helen A. Sawyer Mr. and Mrs. Mark M. Seymour Sr. The Shackouls Family Foundation Dr. Kay R. Shirley Charles D. and ZonaDale Taylor Mrs. Mary A. Templeton Mr. and Mrs. J.F. Thompson Jr. Ms. Brenda D. Thornton Vicksburg Hospital Medical Foundation Drs. David and Elizabeth Waldorf Walton Family Foundation Inc. Dr. Cynthia Webster Mr. and Mrs. Robert M. Whitehead J. Charles Lee Associates $250,000 to $499,999 ADTRAN Inc. Albemarle Corp. Amoco Foundation Inc. Aquatic Ecosystem Restoration Foundation Aurora Systems AviTech LLC The Ayco Charitable Foundation Mr. and Mrs. Johnny H. Baker III The Barksdale Foundation BASF Corp. Bayer Crop Science BellSouth - Jackson BellSouth - Atlanta, Ga. BellSouth Communications Inc. Mrs. Stephanie A. Blaydes Blue Cross Blue Shield of Mississippi Foundation Mr. Peter E. Blum Mr. Steve Brandon and Ms. Patsy Fowlkes James Graham Brown Foundation Inc. Dr. and Mrs. Benjamin H. Buchanan Jr. Mr. and Mrs. Robert E. Bullock Burkhalter Rigging Inc. Cadence Bank - Starkville Fred Carl Investments LLC Will and Hellen Carpenter The Annie E. Casey Foundation Cellular South Mr. and Mrs. Fred Chandler Cheek Inc. The Chisholm Foundation Dr. and Mrs. Edward P. Coleman Mr. Lamar A. Conerly Dr. Fred G. Corley Jr. The Cotton Foundation Mr. Rubel P. Cowart Jr. Create Foundation John D. Davenport Estate Mr. and Mrs. Jacky G. Dorsey Mrs. Rosemary C. Douglass Ms. Amy Driskill Mr. Tommy Dulaney Mr. and Mrs. Robert H. Dunlap Mr. and Mrs. Durward B. Dunn III Mr. and Mrs. Paul R. Dunn The Durward and Georgene Dunn Foundation DuPont Mr. Bobby T. Elmore Ethicon Endosurgery Inc. Mr. and Mrs. David W. Evers Jr. Exxon USA Foundation - New York, N.Y. Mrs. Jutta Karnstedt Ferretti Foil-Wyatt Architects Ford Foundation Edward G. (Gil) and M. Cecile Foresman Mrs. Mary J. Gardner Mr. and Mrs. James E. Garrison Mr. and *Mrs. U.E. Garrison Gipson Steel Inc. Mrs. Susan E. Grant and Mr. Spencer A. Grant Graphisoft US Inc. Mr. and Mrs. Paul G. Greco Mrs. Patricia H. Greer Hansberger Precision Golf Mr. Michael L. Havard Mr. and Mrs. John W. Head Mr. and Mrs. Timothy D. Hogan Mr. and Mrs. Larry E. Homan Mr. and Mrs. Frank Hopper Mr. and Mrs. Billy W. Howard Howard Industries Inc. Drs. Karen and William Hulett The IAMS Co. - Dayton, Ohio Mrs. Deborah B. Irby Mr. Frank T. Jackson Jillco Farms Mr. Herbert V. Johnson Mr. and Mrs. Earle F. Jones The Kiplinger Foundation L and F Products Doris Lacey Estate Lane Furniture Drs. Linda and Rande Lazar Dr. Bruce D. Leopold Madison Charitable Foundation Mr. and Mrs. E. Bruce Martin Mr. and Mrs. John P. Mazeres P.E. Mr. and Mrs. Curtis E. McCollough Mr. and Mrs. James L. McRae Merial Limited Mr. and Mrs. Ansel E. Miller Mr. and Mrs. Richard H. Mills Jr. Mr. Howard L. Miskelly Jr. Mr. Tommy B. Miskelly Monsanto Co. - Chesterfield, Mo. Monsanto Co. - Collierville, Tenn. G.V. “Sonny” Montgomery Estate Mrs. Marguerite F. Montgomery Mr. and Mrs. Roderick A. Moore Mr. and Mrs. H. David Morris Mr. and Mrs. Franklin Myers National Geographic Society Mr. and Mrs. Thomas B. Nusz Dr. Shirley F. Olson and Mr. Walter J. Olson III Mr. and Mrs. Wayne L. O’Quin Mr. and Mrs. Benny C. Otis Mr. and Mrs. Luther S. Ott Mr. and Mrs. Rayburn Parks Plum Creek Technologies Procter and Gamble - Mason, Ohio The Procter and Gamble Co. - Cincinnati, Ohio Mr. and Mrs. Richard H. Puckett Dr. and Mrs. J.M. Randle RDM Trust Mr. Wayne Rea Mr. and Mrs. Richard L. Redd Mr. and Mrs. Robert J. Reed Regions Bank - Jackson Ridgewood Realty LLC Mr. and Mrs. William H. Rosamond Mr. and Mrs. George T. Rosenbury Mr. and Mrs. William R. Sanderson Sanderson Farms Inc. Mr. and Mrs. Robert Sanford Scenic Homes Inc. Mr. and Mrs. Wilson D. Simmons Mr. William L. Sneed Southeastern Conference Southern Farm Bureau Life Insurance Co. Dr. and Mrs. John W. Starr Structural Steel Services Inc. Mr. and Mrs. Mike P. Sturdivant Sr. Syngenta Crop Protection - Greenville Mr. Rowan H. Taylor Tennessee Valley Authority - Chattanooga, Tenn. Tower Loan of Mississippi Inc. Tuplagum Farms LLC Valent U.S.A. Corp. - Germantown, Tenn. Dr. Clinton E. Wallace Dr. and Mrs. Vance H. Watson Weyerhaeuser Co. Ms. Gene Williams 35 Mr. and Mrs. Randy Wilt Mr. and Mrs. Skip Wyatt Dr. David F. Young Jr. Eugene Butler Fellows $100,000 to $249,999 Adam.Com A.K.C. C.A.R. Canine Support and Relief Fund ALCOA Inc. Dr. and Mrs. Ralph Alewine III Mr. E. Andrew Allen II Mr. and Mrs. Lawrence E. Allison Jr. American International Group American Fisheries Society AmFed Companies LLC Mrs. Mary Jo M. Anderson Anderson-Tully Co. Ankony Land Inc. Applied Materials Inc. Mr. and Mrs. Turner Arant Argus Financial Software Mr. and Mrs. John R. Arnold Atmos Energy Corp. Aventis Aventis Pharmaceuticals Dr. and Mrs. Joseph J. Bailey Ms. Marie Bailey Mr. and Mrs. Robert B. Barker Mr. and Mrs. Hubert D. Batson Annie L. Bearry Estate Dr. and Mrs. James R. Beckham Robert R. Bellamy Memorial Foundation Inc. 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Yarber Jr. The Yates Companies Dr. and Mrs. D. Russell Young Mr. and Mrs. Michael P. Younger Dr. and Mrs. Donald W. Zacharias Old Main Society Members Up to $49,999 or undisclosed amount Mr. H.S. Amsler Mrs. Lou T. Ball Mr. and Mrs. John M. Ballas Dr. and Mrs. A. Wayne Bennett Mr. and Mrs. James H. Briscoe Mr. Louis B. Brock Mr. and Mrs. James F. Cooper Mr. Jeffrey L. Cooper Dr. and Mrs. Robert A. Dale Jr. Mr. and Mrs. James B. Daly Mr. and Mrs. Robert C. Daniel Mr. Richard M. Dean Mr. Herbert T. Dubuisson Dr. Robert R. Erk Dr. and Mrs. David L. Grady *Mrs. Gladys Grady Mr. P. Chris Grice Sr. and Mrs. Gay Bruns Grice Frances Ames Harrow Estate Bruce T. Hemphill Jr. Estate Mr. and Mrs. Jere Hess Jr. Mr. and Mrs. Steven R. Hill Mr. and Mrs. Theodore G. Huffman Mrs. Rebecca Harbor Jones Mrs. Joyce T. Kellum and Dr. Mark Kellum Mr. Steve Lawrence Mr. and Mrs. M.L. Lefoldt Ms. Carol J. Levy Drs. Harvey and Di Ann Lewis Dr. Robert R. Lowe Jr. John F. and Jeanne A. Marszalek Mrs. Frances Reynolds McCarty Mr. and Mrs. Paul M. McCreary Dr. J. Chester McKee Jr. and Rev. Barbara McKee Mr. Ralph W. McLain and Mrs. Judy McLain Mr. Michael D. Miller Dr. Dennis S. Nordin Ms. Janis N. Peacock Mr. Eugene J. Pedrotti Mr. and Mrs. Russell F. Peete Jr. Mrs. Betti B. Renshaw Mr. and Mrs. John H. Richards Jr. Mrs. Pauline S. Robinson Mr. and Mrs. R. Dunlap Rose Jr. Roy H. Ruby Mr. Bobby Dale Sanford and Dr. Regina L. Sanford Mr. and Mrs. William D. Seagrove Mr. and Mrs. James R. Shearer Mr. and Mrs. Robert A. Sisk Mr. Cecil T. Smith Mr. and Mrs. George S. Smith Ms. Celia A. Thomason Mr. and Mrs. Gene A. Triggs Sr. Mr. and Mrs. William C. Trotter Jr. Mr. and Mrs. William L. Waller Jr. Mr. and Mrs. Alan H. Walters Mr. and Mrs. Christopher E. Wells Mr. and Mrs. Hugh C. Williams Mr. and Mrs. William G. Wise Mr. and Mrs. Harold E. Wright Joel and Cheryl Yelverton Mr. and Mrs. Lawrence D. Adcock Mr. and Mrs. James B. Alinder Jr. *deceased President’s Club The President’s Club recognizes donors’ cumulative lifetime giving to Mississippi State University for the following giving levels. (New members from July 1, 2008-June 30, 2009) President’s Partner $25,000 to $49,999 #8 Motors 3M Decatur Plant A.L. Laboratories Inc. Mr. Robert I. Abbay III Aberdeen Ford Mr. and Mrs. James W. Abernethy Jr. Mr. and Mrs. George R. Abraham Ackerman Chevrolet Acme Realty of Meridian Inc. Daniel J. Adams Adisseo Dr. and Mrs. Randy C. Ahlrich Mrs. Donna Ainsworth Ajinomoto Heartland LLC AKZO Nobel Inc. AKZO Nobel Surface Chemistry LLC Mr. and Mrs. Winthrop W. Aldrich Mr. and Mrs. David B. Allen Mr. and Mrs. William E. Allen Jr. ALPHARMA Alpharma NW Inc. Alply Inc. The American Legion American Cellulose Corp. American Cyanamid Co. American Farm Bureau Federation American Gas Cooling Center American Glass Co. Inc. American Greeting Card Co. AmFed Employer Services LLC Amoco Production Co. Anco Construction Mr. David Anderson Drs. James and Gail Anderson Andersons Management Corp. Dr. C. Hunter Andrews Mr. and Mrs. Michael L. Anthony APAC Mississippi Inc. Mrs. Hugh M. Arant Sr. The Architectural Foundation Mr. and Mrs. John C. Arledge III Tommy Armour Golf Co. Col. and Mrs. Richard Armstrong Mr. and Mrs. Gene Arnold AT&T Mrs. Opal W. Austin Austin and Webb Ltd. Autodessys Inc. Mr. and Mrs. W. Stanley Ayres Mr. and Mrs. Fred W. Bailey Bank of Mississippi - Starkville Bank of Yazoo City BankPlus - Ridgeland Barber Dairies Inc. Wiley and Patty Barbour Mr. Mike Barnes Mr. and Mrs. Douglas J. Barnes Jr. Mr. and Mrs. Jerry R. Barnes Mr. Marty D. Barnes Mr. and Mrs. Johnson N. Barrett II Mr. Hall Barrett Jr. Mr. and Mrs. Paul M. Barrett Mrs. Elke O. Bass-Vaitkus Mrs. Betty M. Bassett Mr. Kevin Bates Bayer Corp. Maj. and Mrs. Lawrence G.BeasleyUSAF(retired) Be-Bop Record Shop Inc. Mr. and Mrs. Walter Becker Jr. Pepper and Debi Beckman Chris and Bette Behr Bell and Sons Trucking Co. Inc. Bell Chevrolet Dr. and Mrs. Dan Bennett Mr. and Mrs. Robert G. Bergin Mr. and Mrs. Brian G. Berry Dr. and Mrs. Gus D. Berryhill Jr. Dr. and Mrs. Todd R. Besselievre Mr. Russell A. Betcher Joe E. Bickham Sr. Mr. and Mrs. Howell Bingham Jr. Ms. Kathryn C. Black Mike and Betty Black Mr. and Mrs. Stan R. Black Mr. and Mrs. W. Robert Blackledge W.E. Blain and Sons Inc. Mr. and Mrs. Jeffrey A. Blakely Mr. and Mrs. Roger A. Bland Mr. Thomas W. Bobbitt Jr. The Boeing Co. - Huntsville, Ala. Mr. and Mrs. Roy S. Boggan Mr. Ralph C. Bolton Bonds Co. Inc. Boral Bricks Drs. Grace and Dean Boswell Mrs. Martha W. Bourland Boyce Thompson Institute for Plant Research Drs. Leroy and Catherine Boyd Mr. and Mrs. J. Durr Boyles Mr. and Mrs. Carl S. Bozeman Jr. Mr. and Mrs. Charles M. Braddock Sr. The Lynde and Harry Bradley Foundation Inc. Mr. and Mrs. Chris F. Brantley Mr. and Mrs. James P. Brantley Mr. and Mrs. Ray Britt Mr. Larry Broadhead Dr. Tami Brooks and Mr. Carl Brooks Jr. Mr. and Mrs. Larry O. Brooks Mr. and Mrs. Donnie H. Brown Mr. and Mrs. James S. Brown III Dr. and Mrs. Joseph M. Brown Mr. and Mrs. Thomas L. Brown Brown and Mitchell Inc. Mr. and Mrs. Bruce J. Brumfield Mr. and Mrs. Frank S. Brumfield Mr. and Mrs. Hardy T. Brumfield Mr. James L. Bryan Daniel and Janet Bryant Mr. and Mrs. Buck Buchanan Mr. William A. Buchanan Mrs. Jamie A. Buckley Dr. and Mrs. Gary N. Bunner Bureau of Standards Jamaica Mr. and Mrs. Billy W. Burkes Mr. and Mrs. Delynn Burkhalter Mr. and Mrs. Franklin T. Burns Jr. Dr. and Mrs. Gary J. “Joey” Burt Mr. and Mrs. Stephen L. Burwell Harry H. Bush and Jeanne C. Bush Foundation Mr. and Mrs. David L. Bushman Business Communications Inc. Mr. and Mrs. David C. Byars Mr. and Mrs. William V. Byars Jr. C and W Land Development Inc. C.R.E.A.T.E. Inc. Cache River Valley Seed LLC Mr. and Mrs. Walter C. Cade Jr. Dr. Joel T. Callahan Dr. Cooper E. Callaway Mr. and Mrs. William Callaway Campus and City Mail Service Can-Am Industries Mr. and Mrs. Joseph C. Canizaro Cannon Chevrolet, Oldsmobile, Cadillac, Nissan Inc. Dr. and Mrs. Louis M. Capella Capstone Properties Carl Hogan Honda Dr. and Mrs. Charles T. Carley Jr. Carlock Toyota of Tupelo Inc. E. Rhodes and Leona B. Carpenter Foundation Mr. and Mrs. James W. Carr Jr. Mr. John A. Carter Dr. and Mrs. Richard C. Carter Jr. Carter Brothers Farms Inc. Mr. and Mrs. H.O. Carty Mr. Jeffrey N. Carver Mr. and Mrs. Darron Case Catfish Farmers of Mississippi Catholic University of Daegu CCSL Partnership Mr. and Mrs. John W. Chapman Dr. Ian Chen Mr. and Mrs. David G. Cherry Children’s Defense Fund 41 Mr. and Mrs. Gene Childress Dr. and Mrs. William C. Chisholm Jr. Choctaw Rails Construction Mr. and Mrs. Johnny B. Choo Dr. and Mrs. Thomas Christian CIBA Cisco Systems Inc. Citgo Petroleum Corp. City Wholesale Inc. Mr. Fletcher T. Clark Jr. Mrs. Walter H. Clark Clark Farms Mr. and Mrs. Eugene S. Clarke Mr. and Mrs. Stephen L. Clay Mr. and Mrs. James H. Clayton Mr. and Mrs. William C. Clements Charles L. Cleveland Cliff Colbert Chevrolet-Oldsmobile Inc. Clinical Electronics Inc. Mr. and Mrs. Lewis F. Coalter Jr. Mr. and Mrs. Leonard B. Cobb Dr. and Mrs. Tommy Cobb Mr. and Mrs. Marvin J. Cochran *Joe D. Cole Jr. Mr. and Mrs. Billy C. Coleman Mr. and Mrs. Robert E. Coltharp Sr. Columbus KIA Columbus Motor Co. Community Bank Community Counseling Services Community Foundation of Northwest Mississippi Mr. Eric S. Cook Dr. and Mrs. Michael G. Cook Scott and Mindi Cook Cook Coggin Engineers Inc. Mr. and Mrs. Chad B. Cooley Mr. and Mrs. George E. Copeland Jr. Mr. and Mrs. Sean Copeland Mr. and Mrs. Robert D. Corley Dr. and Mrs. David Cornell Drs. William and Linda Cornell Dr. Gloria Correro and Mr. John V. Correro Mr. and Mrs. W. Eric Cosby Country Club Systems Mr. and Mrs. James R. Covin Sr. Mr. and Mrs. Jimmy D. Cowan Sr. Mr. and Mrs. James M. Coward III Ms. Lora A. Cox Mr. and Mrs. Mike Craft Mr. and Mrs. Bob J. Craig Mr. and Mrs. Jerry W. Craven Mr. Douglas Crawford and Dr. Letitia Crawford Creative Windows and Doors LLC Mr. Sid Crigler and Dr. Amy Crigler Mr. and Mrs. Robert W. Crisler P.E. Mr. and Mrs. Sylvester Croom Jr. Crosthwait, Terney and Noble PLLC Crowson Auto World Mrs. Jacqueline S. Crudup Crumbley Paper Co. Inc. Mr. and Mrs. Scott Cumberland Mr. and Mrs. Charles R. Cummins Dr. and Mrs. Dominic J. Cunetto Mr. and Mrs. Kyle W. Curran Mr. Christopher J. Curro 42 Cyanamid Dairy Fresh Corp. Dale and Associates Architects P.A. Bill and Becky Dalton Mr. and Mrs. F.R. Daly Dr. and Mrs. John Shay Daly Mr. George P. Dampeer Jr. Dr. and Mrs. P. Mikell Davis Dr. and Mrs. Scotchie Davis Mr. and Mrs. Travis Davis Jr. Mr. and Mrs. Wyatt J. Davis Jr. Dr. and Mrs. Louis E. Dawkins Day-Brite Lighting Co. Dr. and Mrs. Armando A. De La Cruz Dr. Vincent P. De Santis Mr. and Mrs. John M. Dean Jr. Dean and Dean Associates Architects P.A. Mr. and Mrs. Edwin K. Dedeaux Delta Ag Expo Delta and Pine Land Delta Grow Seed Co. Inc. Delta Industries Foundation Inc. Delta Research Foundation Delta Wildlife DeSoto County MSU Alumni Mr. and Mrs. John J. Devine Jr. Dickerson and Bowen Inc. Dr. Anna Dill and Mr. Kenneth Dill Mr. Mark Dillard and Dr. Susan G. Dillard Ray C. Dillon and Deborah C. Dillon Dixie National Livestock Show DLF Trifolium USA Inc. Jeff Donald Joe and Rita Douglass Mr. and Mrs. Thomas E. Douglass Dow AgroSciences Mr. John C. Dowdle Dowelanco Colonel and Mrs. Charles P. Downer Mrs. Bettye O. Drapala Dromoland Farm Inc. Mr. and Mrs. Terry M. Duke Dulaney Seed Inc. Mr. Levi J. Dunkin Dupont Mrs. Lonnie S. Dyess Jr. The Earhart Foundation Mr. and Mrs. William P. Eason East Mississippi Business Development Corp. East Mississippi Electric Power Association Dr. and Mrs. Walter W. Eckman Eden Biosciences Mr. and Mrs. Michael W. Edge Mr. and Mrs. Richard C. Edmonson Eifling Farms Seed Co. Inc. Dr. and Mrs. Mark L. Ellis Engineering Plus Inc. Mr. and Mrs. Edwin E. Enlow Sr. Entergy Charitable Foundation Environmental Solutions Inc. Environmental Systems Research Institute Inc. Dr. and Mrs. James W. Ervin Jr. Mr. and Mrs. Richard A. Estel Mr. and Mrs. Cecil Paul Estess Dr. and Mrs. Jesse C. Ethridge Ethyl Corp. Mr. and Mrs. Kevin W. Eubank Ms. Kay H. Evans Farmers Grain Terminal Inc. Farmers Tractor Co. Inc. Mr. and Mrs. George D. Farr Sr. Ms. Paige W. Farrish Fats and Proteins Research Foundation Inc. Mr. and Mrs. Henry W. Faulkner Rodney and Patricia Faver John and Carole Ferguson Mr. and Mrs. Michael M. Ferguson Mr. Wayne E. Ferrell Jr. First Tennessee Foundation Fluent Inc. FMC Corp. - Agricultural Chemical Division Dr. and Mrs. R. Rodney Foil Mr. and Mrs. Robert V. Forbus Dr. and Mrs. Floyd N. Ford Foundation for the Mid-South Foundation of Food Processing Suppliers Association Inc. Mr. Oscar C. Fowler Mr. and Mrs. Floyd W. Fowlkes Fowlkes Contracting Co. Inc. Mr. and Mrs. Andrew C. Frank Franklin Corp. Mr. James J. Frazier Dr. and Mrs. Marty J. Fuller Mr. and Mrs. Mark A. Fulton Mr. and Mrs. Gary A. Futch Mr. and Mrs. James C. Galloway Jr. Mr. and Mrs. Jeff M. Gannaway Martha Scott Ganss Estate Mr. and Mrs. Richard L. Garner Mr. and Mrs. C. Gerald Garnett Mr. and Mrs. Charles M. Garrett Mr. Andrew E. Gaston Mr. and Mrs. Robert M. Gathings Jr. Jamie and Frances Gatlin Mr. and Mrs. Russell V. Gatlin The GEM Consortium Mr. Grady H. Geno Mr. and Mrs. Paul George Georgia-Pacific Dr. and Mrs. Randall M. German Dr. and Mrs. William J. Gibson Jr. Mr. and Mrs. Thomas M. Gladney Mr. and Mrs. J. Larry Goddard Goldkist - Inverness Goldkist - Atlanta, Ga. Mr. and Mrs. Norman D. Goldner Mrs. Grace H. Goodman Mr. and Mrs. Clyde Goudeau Mr. and Mrs. Elvin Graham The Hardy Poindexter Graham Foundation Mr. and Mrs. Michael G. Graves Ms. Ruby B. Graves Mr. and Mrs. Marvin E. Gray Grayson-Jockey Club Research Foundation Inc. Greater Jackson Bulldog Boosters Greater Jackson Chapter National Wild Turkey Federation The Greater Starkville Development Partnership Greenville Mississippi Kennel Club Mrs. H.T. Greer Sr. Mr. and Mrs. Russell S. Greer Mr. and Mrs. James W. Gregory Mrs. Lucile Leigh Grieder Dr. and Mrs. John E. Griffin Jr. Mr. Raymond S. Griffin Griffin Motors Inc. Mr. and Mrs. Michael Grove Mr. and Mrs. Charles L. Guest Sr. Dr. and Mrs. Daryl P. Guest Dr. and Mrs. R.P. Guest Jr. Mr. and Mrs. William M. Gulledge Jr. Mr. and Mrs. Tommy Curtis Gunn Mrs. Mary A. Gunter Mr. and Mrs. Clinton B. Hales Jr. Mr. David B. Hall and Mrs. Isa C. Hall Mr. and Mrs. Donald F. Hall Mr. and Mrs. Eric A. Hallberg Henry and Tanya Hamill Mr. Robert Hammond Jr. Billy and Stephanie Hankins Mr. Fred Hansford Ms. Mary L. Hansford Hanson Pipe and Products Inc. Mr. and Mrs. Robert N. Harbor Mr. and Mrs. Charles F. Harger Dr. Sandra Harpole and Mr. Martin Harpole Mr. and Mrs. James J. Harris Mr. and Mrs. Walt C. Harrison III Carol and Oscar Hartman Mr. and Mrs. Mack A. Hataway Mr. Jerry D. Hatcher Mr. and Mrs. John W. Hatmaker Jr. Mrs. Wilma Havens Mrs. Carrie B. Hawkins Mr. and Mrs. Gary Hawkins Hawkins Motor Co. Inc. Mr. and Mrs. J. Hoyt Hayes Jr. Mr. and Mrs. Robert E. Hayes Jr. Mr. and Mrs. Dewey C. Haynes Dr. and Mrs. John T. Hays III Hazelwood Farm Health Management Association Heilman, Kennedy, Graham P.A. Helena Chemical Mr. and Mrs. James H. Henley Mr. and Mrs. Hunter W. Henry Mrs. Kitty Henry Mr. and Mrs. George A. Hensarling Mr. and Mrs. James L. Henson Heritage Banking Group Dr. Dora R. Herring Mr. and Mrs. Douglas A. Herring Mr. and Mrs. Nubbin Herring Mr. Charles W. Hester Mr. and Mrs. Leslie R. Hester Mr. and Mrs. Charles P. Hewes Dr. and Mrs. Carl F. Hicks Jr. Mrs. Bobbie S. Higgins John Hill Mrs. Mary Jo Hill Mr. and Mrs. Mitchell B. Hill Mr. and Mrs. William W. Hill Sr. Sara R. Hines Hitachi Ltd. Dr. Julia E. Hodges Mr. and Mrs. Zeke Hodges Hoechst Celanese Holiday Inn Express Mr. and Mrs. James T. Hollingsworth Dr. and Mrs. John J. Hollister Mr. Tom Hollomon Allen “Buster” Holloway Mr. and Mrs. Kenneth W. Holmes Hope Christian Community Foundation Mr. and Mrs. David R. Horn Hornbeck Seed Co. Inc. Mr. and Mrs. Steven M. Hornyak Mr. and Mrs. James H. Hough Jr. Houston, Texas MSU Alumni Chapter Mr. and Mrs. Billy W. Howard Jr. Mr. and Mrs. Bailey Howell Dr. H. Frank Howell II Mr. and Mrs. John W. Howell Dr. and Mrs. Hsinhung J. Hsu Mr. and Mrs. Timothy V. Huffaker Mr. and Mrs. Charles A. Huffman Dr. and Mrs. J. Stacy Hughes Jr. Hughes Electronics Corp. W. Kenneth Hughey Mr. and Mrs. W. Gaddis Hunt Mr. and Mrs. Hubert E. Hunter Mr. and Mrs. Jerry W. Hunter Dr. and Mrs. George A. Hurst Dr. and Mrs. Zachary M. Hutchens Sr. The IAMS Co. - Snellville, Ga. Ingalls Shipbuilding Inc. International Paper - Joplin, Mo. Intervet Inc. Stuart C. Irby Co. Mr. and Mrs. Pat Irvan Isagro USA Inc. ISK Biosciences Mr. Ken Jackson Mr. and Mrs. O.S. Jackson Jr. Mr. and Mrs. Richard T. Jackson Jackson Stone Co. Inc. Michael and Rena Jaudon Robbin and Peggy Jeter JH&H Architects/Planners/Interiors JiCo Inc. *Mr. and Mrs. Clement Joe Mr. and Mrs. Edward Y. Joe Mr. and Mrs. Mark P. Johnson Johnson-McAdams Firm P.A. Marilyn Johnston Dr. and Mrs. J. Felda Jones Jr. Mr. and Mrs. Murphy J. Jones Jr. Mr. and Mrs. Philip Wright Jones Mr. Robert F. Jones Mr. Robert L. Jones Mr. and Mrs. Stanley R. Jones Ms. Verni Jones-Nabors Mr. and Mrs. Charles A. Jordan Jr. Julington Creek Animal Hospital Kappler Protective Apparel and Fabrics Paul and Mary Jo Karre Robert and Vicki Katz Mark E. Keenum and Rhonda N. Keenum Mr. Robert M. Keil Mr. and Mrs. David D. Kelley Mr. and Mrs. Joseph H. Kennedy Jr. Mr. Mike Kenny Larry Y. Kerr and Jennifer L. Antrim Key Constructors Inc. Mrs. Kathryn Kimbrough Mr. and Mrs. Herbert A. King Mrs. Angelina Griffin Kitchens Mr. and Mrs. William A. Kitchens Kiwanis Club of Starkville Mr. and Mrs. Barry L. Knight Mr. and Mrs. Robert R. Knight Mr. and Mrs. Tony D. Knight Koch Gateway Pipeline Co. Kohler Industries Inc. Korean Alumni KPMG Foundation Mr. and Mrs. Doug Kyle Kyungpook National University L and H Supply Co. Inc. L 3 Communications Corp. Mr. and Mrs. Paul V. Lacoste Mr. and Mrs. Joseph W. Lamberth Mr. and Mrs. William O. Lancaster Mr. and Mrs. J. Terrell Landrum Mr. and Mrs. Thomas W. Landrum Larry Clark Chevrolet Dr. and Mrs. James A. Lauderdale III James Andrew Lawrence Estate Mr. and Mrs. Thomas R. Lawrence Mr. and Mrs. Tim Lawrence Dr. and Mrs. Jan A. Leder Mr. and Mrs. Brandon S. Lee Mr. and Mrs. David L. Lee Sr. Mr. and Mrs. R.E. Lee Mr. and Mrs. Robert G. LeGoff Mr. and Mrs. Whit H. Lenoir Bolivar “Bo” Lewis Mr. and Mrs. Christopher L. Lewis Mr. James R. Lewis III Mrs. Sarah P. Lewis Mr. and Mrs. Thomas P. Lewis Capt. and Mrs. Frederick R. Lickfold III Mr. and Mrs. Bobby T. Lindsey Litco Petroleum Co. Mr. H. Stennis Little Jr. Mr. Luke Little Mr. and Mrs. Phil K. Livingston Mr. and Mrs. Harold E. Lomenick Ms. Mary A. Long Mr. and Mrs. Lynn E. Lord Mr. and Mrs. William D. Lott Louisiana Pacific Corp. Mrs. Linda C. Mabry Dr. and Mrs. Michael S. Mabry The Maddox Co. Mrs. Ella Magee Makhteshim-Agan of North America Mr. and Mrs. John E. Marchetti Mr. Neil Marshall Wilbur and Ruby Mashburn Masonite Dr. and Mrs. W. Boyd Massey Dr. and Mrs. W.M. Maxwell Mr. and Mrs. Charles A. May 43 Frank and Sara May Dr. and Mrs. George W. May Jr. Dr. and Mrs. Samuel B. Mayfield Jerry and Cynthia McAlpin Mr. Rocky McBride Mr. Billy L. McBryde Mr. and Mrs. Richard H. McCann Mrs. Margaret E. McCann Mr. and Mrs. Kyle A. McCoy Mr. and Mrs. Bill E. McCrillis Mr. and Mrs. Glenn L. McCullough Sr. Mr. George O. McDaniel Jr. Mr. George O. McDaniel III McDermott Inc. Lamar and Betty McDonald Mr. and Mrs. Jesse K. McDonald McDonnell Douglas Mr. and Mrs. Michael T. McEnany Mr. and Mrs. Harold McGarrh Jr. Mr. and Mrs. Michael O. McGowan Vincent and Linda McGrath Mr. and Mrs. Roger G. McGrath III Mr. and Mrs. C.H. “Tally” McGraw Dr. and Mrs. Michael E. McKinney Dr. R.T. McKnight Mr. and Mrs. Roy E. McLain Jr. Mr. and Mrs. William C. McLean Jr. Mrs. Ruby McLellan Mrs. Connie B. McMillin Mr. Brian K. McNair Mr. and Mrs. David C. McPhail Mr. and Mrs. C. Scott McPherson Selby and Richard McRae Foundation Lee and Linda Meeks Mendrop, Wages LLC Merck Co. Foundation Mr. and Mrs. Michael T. Merkel Mid-South Forestry Equipment Show Inc. Dr. Mark P. Miller Lee and Mary Miller Mr. and Mrs. Ronnie D. Miller Millsaps Pontiac Mr. and Mrs. Charles E. Miner Miskelly Furniture Mississippi Agricultural Chemical Council Mississippi Agricultural Industry Council Mississippi Bottled Water Mississippi Extention Homemakers Council Mississippi Farm Bureau Federation Mississippi Homemaker Volunteers Inc. Mississippi Lignite Mining Co. Mississippi Loggers Association Mississippi Manufacturers Association Mississippi Physicians Care Network Mississippi Poultry Association Mississippi Safari Club International Mississippi State Kennel Club Inc. Mississippi Valley Electric Dr. and Mrs. Jesse R. Mitchell Jr. Mr. and Mrs. John D. Mitchell Sr. Mr. and Mrs. Mike W. Mitchell Mitsubishi International Corp. Mr. and Mrs. Mark H. Mize Mobile Chapter of Mississippi State Alumni Association 44 Mobile Telecommunication Mockbee Hall and Drake P.A. Dr. Michael C. Molleston Monroe Tractor Co. Mrs. J.H. Montgomery Mr. and Mrs. William S. Montgomery Mr. and Mrs. Jerry C. Mooney Mr. and Mrs. Al B. Moore Mr. and Mrs. Alan E. Moore Mr. and Mrs. Roger D. Moore Mr. and Mrs. Stewart D. Moore Dr. David B. Morgan and Dr. Jan Morgan Mr. Stacy L. Morgan Morgan Keegan Mr. and Mrs. William H. Morris Mrs. Bonnie Williamson Morris Mr. and Mrs. David L. Morrow Jr. Rodney and Ethlyn Mortimer Dr. and Mrs. Jeff Moses Mr. and Mrs. Jeff E. Mosley Mrs. Susan Y. Mosley Drs. Jimmy and Gisele Moss Moss Point Insurance Agency Inc. Duane and Maxine Motsenbocker MSD-AGVET Munro Petroleum and Terminal Co. Mr. and Mrs. Jim Murff Mr. Jay E. Murphy Mycogen Corp. Dr. and Mrs. Robert P. Myers Mr. and Mrs. James D. Nanney Jr. Dr. and Mrs. Henry W. Nash National Fish and Wildlife Foundation National Starch and Chemical NE MS Coca-Cola Bottling Co. Neel-Schaffer Inc. Dr. and Mrs. Samuel D. Newell Jr. Walter and Johnnie Newell Mr. and Mrs. Bobby G. Nichols Mr. and Mrs. Carl L. Nicholson Jr. Dr. and Mrs. John B. Noblin OJ Noer Research Foundation Inc. Mrs. Joyce H. Norman Dr. and Mrs. Bev R. Norment Northrop Grumman Corp. - Pascagoula Mr. and Mrs. John O. Norton Novartis Crop Protection Inc. Joe and Florence Oaks Oktibbeha County Alumni Chapter Omni Packaging Corp. Mr. and Mrs. Adrain P. O’Neal Donald W. O’Neal Mr. Charles H. Oswalt Mr. and Mrs. John Gary Oswalt Mr. Steven B. Oswalt Mr. Michael C. Pace Mr. David L. Page and Mrs. Lisa Miller Page Dr. Raygene C. Paige and Mr. Eddie C. Butler Mr. and Mrs. James L. Palmer John N. Palmer Foundation Inc. Mr. and Mrs. Timothy C. Parks Mr. and Mrs. Gary R. Parvin Mr. and Mrs. Robert A. Patrick Jr. Mr. J.C. Patton Sr. Paul Moak Pontiac Pavco Industries Inc. Dr. Michael F. Payment Mr. and Mrs. Mitchell R. Pearson Dr. and Mrs. Thomas H. Pearson Jr. Peavey Electronics Perry and Winfield P.A. Craig and Pam Peterhansen The Pew Charitable Trusts Pharmavite Phenix Technologies Inc. Mr. Rawlston D. Phillips Jr. Mr. and Mrs. Steven E. Phillips Mr. and Mrs. William H. Phillips Mr. and Mrs. James A. Phyfer Jr. Ms. Carolyn Pilgreen Mr. Charles Pilkinton Mr. Henry Pilkinton Pioneer Hi-Bred International Inc. Pittman Farms Mr. A.J. Pitts Jr. Poindexter Brothers Mr. and Mrs. William L. Polk Jr. Mr. and Mrs. Hal M. Polk Mr. Ted Trussell Porter Dennis A. and Ruth H. Prescott Mr. and Mrs. Thomas B. Price Mrs. Theresa Priebatsch John and Ann Prince Producers Feed Co. Progeny Ag Products Mr. Murray D. Provine Mr. and Mrs. John C. Puckett Mr. and Mrs. Benjamin T. Puckett Jr. Mr. Willis N. Puckett II Mrs. Jessie A. Puryear Andrew Queen Mr. and Mrs. Everette Ramage Dr. and Mrs. James Randall Ramsey Mr. and Mrs. Mike L. Ramsey Mr. and Mrs. John F. Rasberry *Mr. and Mrs. Clyde M. Rauch Sr. Reed Food Technology Mr. and Mrs. David R. Reese Dr. and Mrs. William C. Reeves Regions Bank - Laurel Regions Financial Rehabilitation Inc. The Del Rendon Foundation Renessen LLC Mr. and Mrs. Carey Revels Dr. and Mrs. Edward E. Rigdon Mr. Charles W. Robertson Mr. and Mrs. James C. Robertson Dr. and Mrs. Stanley R. Robertson Roche Laboratories Inc. Mr. Christopher E. Rohman Dr. and Mrs. Jack B. Ross Mr. and Mrs. Robert E. Ross Sr. Mrs. Suzanne D. Ross Mr. and Mrs. James M. Rowcliff III Mr. Chadwick T. Royston Mr. and Mrs. Craig Royston Mr. and Mrs. Stan W. Ruffin Dr. and Mrs. Enrique Ruiz-Fornells Mr. and Mrs. Ralph C. Rushing Jr. Dr. and Mrs. Steven K. Rushing Mr. and Mrs. Alvin C. Russell Mr. Robbie Russell S and K Door and Specialty Co. Mr. and Mrs. John D. Sampietro Mrs. Bobby J. Sanders Mr. and Mrs. John M. Sanders Phil and Shelia Sanders Mr. and Mrs. Jon B. Sanderson Sandoz Crop Protection - Des Plains, Il. Dr. and Mrs. Ben Sanford Jr. Sara Lee Corp. Mr. and Mrs. Anthony O. Sassone Mr. and Mrs. David B. Sayle Mr. Donny Schilling Mr, and Mrs. Steve Schmalenberger Schweitzer Engineering Laboratories Mr. Alton N. Scott Mr. and Mrs. John R. Scott Mr. and Mrs. William B. Scott Jr. The Scotts Co. - Belden Mr. Wallace L. Seal Colonel Gerald A. Seaman USA (retired) Dr. and Mrs. Scott T. Segrest Mr. and Mrs. Robert M. Seitz Mr. and Mrs. John T. Shannon Mr. Robert P. Shannon Jr. Dr. Kenneth A. Shaw Jr. Mr. and Mrs. Robert A. Sheely Dr. and Mrs. W. Steve Shepard Sr. Dr. and Mrs. Ross K. Sherman Mr. and Mrs. Hunt Shipman Dr. and Mrs. Rubin Shmulsky Bobby and Faith Shumaker Drs. Timothy and Grace Shumaker Huel Sills Mr. and Mrs. Clyde H. Simmons Mr. and Mrs. Richard G. Simmons Mr. and Mrs. Gary H. Simons Mr. and Mrs. Arthur C. Sisk Jr. Mr. and Mrs. William A. Sisk Skjerven, Morrill, MacPherson Mr. and Mrs. William A. Slack Jr. Mr. and Mrs. Robert O. Sledge Sr. SME Education Foundation Mrs. Frances A. Smith James T. and Sherry H. Smith Mr. R.E. “Gene” Smith Mr. Robert A. Smith Smith Barney Charitable Trust Inc. Smith-Richardson Foundation Dr. Jean K. Snyder SOL Engineering Services LLC South Central Mississippi Chapter Southard Financial Southern AgCredit Southern Wood Specialists Inc. Southland Oil Co. Mr. and Mrs. Robert D. Sparks Specialty Roll Products Inc. Mrs. Ruth M. Spence Dr. and Mrs. William A. Spencer W.O Spencer Charitable Trust Ms. Kristen A. Spengler Mr. and Mrs. Gregory B. Spring Mr. and Mrs. Jack Stacy III Dr. and Mrs. T.D. Stacy Darren and Angie Stafford Star Enterprise Starkville Anesthesia Group Starkville Daily News Starkville Orthopedic Clinic Starkville Quarterback Club Starkville Rotary Club State of Mississippi Real Estate Commision Mr. and Mrs. Bobby Steele Mr. and Mrs. Claude G. Steele III Glenn and Cherie Steele Mr. and Mrs. William C. Steen Mr. and Mrs. A.J. Steverson Jr. Mr. J. Paul Stockwell Mr. Michael C. Stoddard Drs. Elisabeth J. and Boris J. Stojanovic Mr. Willie O. Stokes Jr. James E. Stone Jr. M.D. Mrs. Geneva T. Strickland Mr. and Mrs. Mack Strider Mr. and Mrs. James H. Stringer Mr. Nathan Stringer Dr. and Mrs. J.B. Stroud Mrs. Carlene T. Strowd Mrs. Joyce Stuart Mr. Oscar M. Stuart Mr. and Mrs. Duff W. Sudduth Dr. Rani Warsi Sullivan and Mr. Thomas D. Sullivan Mr. Louis S. Summer Mrs. Natalie M. Summerour Sun Microsystems Sunshine Mills Inc. Mr. and Mrs. Larry Tabor Tabor Construction and Development Inc. Tanner Construction Co. Inc. Mr. Arthur R. 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Sanders Mr. Charlie V. Sanders Mr. and Mrs. Jon D. Sanders Mr. and Mrs. Keenan D. Sanders Mr. and Mrs. David Sanders Mr. Michael W. Sanders Jr. Mr. Brian H. Sartain Mr. and Mrs. Harold J. Sasser Mr. William F. Sasser III Mr. and Mrs. Joe T. Savage Mr. Monroe B. Savage Jr. Mrs. Hillen S. Savell Winston and Bonny Savelle Dr. F.H. Savoie Mr. and Mrs. Charles H. Schaffner Mr. and Mrs. Kenneth J. Schaper Mr. and Mrs. James L. Schepens Mr. Richard J. Scheuer Dr. and Mrs. Robert Scholtes Mr. and Mrs. David L. Schroeder Drs. Kirk and Noel Schulz Mr. Thomas R. Schwan Mr. and Mrs. Charles G. Scoggins Mr. and Mrs. Denton O. Scott Jr. Dr. and Mrs. Edward P. Scott Mrs. Martha B. Scott The Scotts Co. - Apopka, Fla. Mr. and Mrs. Hubert B. Scrivener Southeastern Center for Electrical Engineering Education Southeastern Universities Research Association Dr. and Mrs. Alton O. Seal Mr. Ben A. Seale Mr. and Mrs. Joseph C. Seaman III Mr. and Mrs. Edward Seitz Mr. and Mrs. Paul S. Sellars Mr. David Sellers Sepro Corp. *Mr. Royce Sesser Mr. and Mrs. Curtis L. Sessions Mr. and Mrs. Ronald D. Sexton Dr. and Mrs. James W. Shannon Mr. and Mrs. Mark J. Shapley Sharp Engineering Inc. Mr. and Mrs. John E. Shaw Mr. and Mrs. Curtiss S. Sheldon Sheldon Lab Systems Mr. and Mrs. Robert S. Shepard Jr. Mr. and Mrs. John H. Sherard IV Mr. David B. Sherer Mr. and Mrs. George D. Sherman Jr. Dr. and Mrs. Joseph H. Sherrard Drs. Peter and Miriam Shillingsburg Bradley A. Shivers Ms. Bonnie T. Shoemake Mr. and Mrs. Scott R. Shoemaker Mr. and Mrs. Bruce Shofner Mr. Joel F. Shows and Dr. Mary A. Shows Mr. and Mrs. William T. Shows Shuqualak Lumber Co. Maury and Mildred Shurlds Mr. Chan W. Sidney Jr. and Dr. Audrey H. Sidney Mr. and Mrs. Robert A. Siedell Mr. and Mrs. David W. Sills Mr. and Mrs. Billy F. Simmons Drs. Cecil and Sue Simmons Dr. E.F. Simmons Mr. and Mrs. William Simmons CPA Mr. and Mrs. M.W. Simpson Percy and Adeline Simpson Memorial Mr. and Mrs. Newell B. Simrall Mr. and Mrs. Brian Sims Mr. J. Doyle Sims Mr. and Mrs. Kenneth W. Sims Mr. and Mrs. Thomas M. Sims Mr. and Mrs. William F. Sinclair Drs. Bangon and Ruth Sirisunyaluck Sistrunk Corp. Mr. and Mrs. Jefferson P. Skelton Mr. and Mrs. Frank G. Skipper Mr. and Mrs. Samuel W. Slaughter III Slay Steel Inc. Mrs. Hazel Sledge Mr. and Mrs. Ronnie Sleeper Jr. Mr. and Mrs. Roland M. Slover Mr. and Mrs. Dee W. Smelley Mr. and Mrs. A.L. Smith Dr. and Mrs. David B. Smith Mr. and Mrs. Charles D. Smith Mr. and Mrs. Darrell R. Smith Dr. and Mrs. Garry D. Smith Mr. and Mrs. Gregory C. Smith Mr. and Mrs. Hamilton S. Smith Jr. Mr. H. Stokes Smith Mr. and Mrs. Henry G. Smith Sr. Janet Marie Smith and Bart Harvey III Mr. and Mrs. Jeffrey A. Smith John and Delores Smith Mr. and Mrs. Phil Smith Mr. Lynn P. Smith Mrs. M. Ross Smith Ms. Mildred P. Smith Mr. Robert B. Smith Jr. Mr. and Mrs. Roy Smith Mr. Timothy M. Smith Mrs. Undine B. Smith Mrs. W.T. Smith Mr. and Mrs. William M. Smith Mr. and Mrs. William L. Smith 55 Mr. William R. Smith Mr. and Mrs. J. Emmett Smitherman Mr. and Mrs. Gary F. Smyly Mr. and Mrs. Thomas K. Sneed Ms. Robbie Snell Mr. and Mrs. W.G. Snyder Society of Publication Designers Inc. Sod Solutions Mr. Glenn Sodd Dr. and Mrs. Jimmy L. Solomon Mr. John E. Solomon Mr. and Mrs. J.T. Somers Jr. Mr. and Mrs. John S. Somers Mrs. W.T. Sorrells Southeast Mississippi Alumni Chapter South-East Marketing Southeastern Bollweevil Southeastern Home Furnishings Association Southern Cotton Growers Inc. Southern Research Institute Southern States Cooperative Southern Turfgrass Association Southland Development and Construction Southwest Mississippi Resource Conservation and Development Inc. Mr. and Mrs. Robert S. Sowell Mr. and Mrs. Dickey Sparks Mr. and Mrs. Leland R. Speed Mr. and Mrs. Jimmy F. Spencer Jr. Mr. J. Scott Spencer Sperry Corp. Foundation Lt. Col. and Mrs. David E. Speyerer Mr. R.M. Spivak Mr. Jonny Spivey Dr. and Mrs. Clyde E. Spraberry Jr. Mr. and Mrs. Stanley J. Spradling Mr. John E. Spring Jr. Mr. and Mrs. Craig M. Squires Mr. and Mrs. Ronald W. St. John St. Jude Medical CRMD Mr. and Mrs. Charles A. Stacy Jr. Mr. and Mrs. James L. Stafford Mrs. Harolyn Staggers Mr. and Mrs. James D. Stanard Standard Life Insurance Co. Mr. Charles L. Stanford Jr. Mr. and Mrs. John C. Stanley IV Mr. and Mrs. W.G. Stanton Jr. Miss Betsy Stark Starkville Area Arts Council Inc. Starkville BPW Starkville Discount Drugs Starkville Shrine Club Starkville Visitors and Convention Council Mr. and Mrs. Robert B. Steele Steen - Hall Eye Institute Mr. and Mrs. James O. Stephens Mr. and Mrs. Joey D. Stephenson Mr. and Mrs. William L. Stephenson Mr. Thomas N. Stevens Mr. and Mrs. Joseph F. Steverson Mr. and Mrs. Kyle T. Steward Mr. Joe W. Stewart Jr. Mr. and Mrs. Thomas W. Stewart Stewpot Community Services Inc. 56 STO Industries - USA Stockton Enterprises Inc. Stoller Enterprises Inc. Mr. and Mrs. Henry B. Stone Mr. and Mrs. Herbert D. Stone Mr. and Mrs. Robert M. Stone Jr. Mr. and Mrs. William O. Stone Jr. Stoneville Pedigreed Seed Co Mr. Howard E. Stover Mr. and Mrs. John S. Stratton Mr. and Mrs. Troy A. Street Mr. Johnny Stricklen Ken and Hailye Stringer Mr. and Mrs. Robert D. Stringer Mr. and Mrs. Joseph Stroble Mr. and Mrs. Mort Stroud Mr. and Mrs. Walter A. Stubbe Jr. Mr. and Mrs. Daniel F. Stubbs Buddy Stubbs Mr. and Mrs. Charles L. Studdard Mr. and Mrs. Reuben C. Stutts Mr. and Mrs. William R. Sugg Jr. Mr. and Mrs. Fred P. Sullivan Jr. Lt. Col. (retired) and Mrs. John P. Sullivan Mr. and Mrs. R. Michael Summerford Mr. Robert D. Summers Mr. Joe L. Sumrall Mr. Samuel T. Sumrall Ms. Seon Soon Sun Sun Machinery Co. Super Lowe Ford Super Stop Inc. The Superior Oil Co. Mr. and Mrs. Cary L. Sutphin Mr. and Mrs. Tommy Swindoll Swoope Insurance Agency Mr. and Mrs. Frank Swords Mr. and Mrs. David C. Sykes Mr. and Mrs. Jimmy Sykes Syngenta Syngenta Crop Protection Inc. - Memphis, Tenn. Mr. and Mrs. Jeremy S. Tabor Mr. and Mrs. James B. Taggart Jr. Takeda Chemical Industries Tall Timbers Research Inc. Mr. and Mrs. Milton A. Tallant Jr. Mr. and Mrs. Cass Tapley Dr. and Mrs. Stephen W. Tartt Tasker Capital Corp. Tatum’s Metal Buildings and Supply Dr. Clayborne D. Taylor Sr. Dr. and Mrs. Clyde E. Taylor Mr. and Mrs. Ernest G. Taylor Jr. Mr. and Mrs. Ester L. Taylor Mr. and Mrs. George M. Taylor Mr. and Mrs. Gerald T. Taylor Mr. and Mrs. Mahlon P. Taylor Mrs. Mitzie A. Taylor Mr. and Mrs. Robert G. Taylor Drs. Ronald and Jan Taylor Dr. Susanne Taylor Mr. Terry L. Taylor Techno-Catch LLC Mr. and Mrs. Bryan W. Teel Teel Business Systems Mr. and Mrs. Forest D. Templeton Mr. and Mrs. Larry O. Templeton Mr. Charles T. Tenhet Tenneco Packaging Terra International Mr. and Mrs. Roland F. Terry Terry Martin Automotive Group Terry-Trane Service Agency Inc. Texaco Textron Inc. Thad Green Enterprises Inc. Thames Family Foundation Thames Motor Co. Dr. Yvonne V. Thaxton Dr. Dan Thomas Dr. Eric L. Thomas Mrs. Helen P. Thomas Mr. and Mrs. Matthew B. Thomas Mr. and Mrs. Michael R. Thomas Mrs. Mildred K. Thomas Mrs. Nell P. Thomas Mr. and Mrs. Richard A. Thomas Lt. Col. Richard J. Thomas Jr. Stacy and Ginger Thomas Dr. Rebecca Thomasson and Mr. Bob L. Thomasson Mr. and Mrs. Barry G. Thompson Mr. and Mrs. Donald L. Thompson Dr. and Mrs. Phil D. Thompson Mr. and Mrs. Richard H. Thoms Sr. Mr. James P. Thomson Mr. and Mrs. Dewayne Thornton Doug and Michelle Thornton Mr. and Mrs. Raymond B. Thornton Thrasher Architectural Products Inc. Three Rivers Chapter of Quail Unlimited Mr. Steve W. Threlkeld Thron Bioscience LLC Mr. and Mrs. Patrick K. Thurmond Mr. and Mrs. David S. Tiffin Mrs. Norma Tillman Timber Hills Mental Health Services Mr. and Mrs. Wheeler T. Timbs III Mrs. Elizabeth W. Tipton T-Mart Inc. The Tobacco Institute Mr. and Mrs. Malcolm D. Todd Mrs. Stephanie Dean Toler and Dr. Chad Harris Mr. and Mrs. Tommy M. Tomlinson Tompkins Charitable Gift Fund Tooth-Acres Farm LLC Mr. and Mrs. Ellis D. Townsend Mr. and Mrs. Lannie E. Townsend II Townsend and Sons Inc. Mr. Todd W. Traicoff Mrs. Pauline A. Tramel Mr. William S. Trammel Mr. and Mrs. Steven L. Tribble Tri-County Bulldog Club Mr. and Mrs. Earl H. Triplett Mr. and Mrs. John Q. Triplett Jr. Mr. and Mrs. Philip A. Troskey Dr. and Mrs. Robert E. Trotter Tru-Amp Corp. Dr. and Mrs. Dennis D. Truax Brent Trulove R. Brian Trulove Mr. and Mrs. Ken M. Tse Mr. and Mrs. Timothy A. Tubby Mr. Duane H. Tucker Jr. Tupelo Rotary Club Tupelo Small Animal Hospital P.A. Mr. and Mrs. Joseph G. Turner Jr. Mr. Maurice G. Turner Jr. Mr. and Mrs. Robert S. Tuttle II Mr. William S. Twitty The Tyson Foundation Inc. Tyson Foods Inc. - Forest Tyson Foods Inc. - Springdale, Ark. U.S. Sugar Corp. UAP Mid-South Dyna Gro Seed Mr. and Mrs. Watts C. Ueltschey Mr. and Mrs. W. Eric Underwood Union Auto Services Inc. Union Dentistry UNIROYAL Chemical Co. Inc. United Agri Products - Tampa, Fla. United Phosphorus Inc. United Soybean Board United Technologies Corp. Universal Industries Corp. USF&G Valca Investments L.P. Valent - Cleveland Valent - Yazoo City Valley Construction Co. Valley Innovative Management Services Mr. Paul Van Zyverden Vance Auto Sales Mr. and Mrs. John W. VanHorn Mr. J.B. VanLandingham Dr. Alfalene J. Vardaman Mr. Robert Vasilyev Mr. and Mrs. David L. Vaughan Clinton and Lashell M. Vaughn Dr. and Mrs. Rayford B. Vaughn Jr. Verizon Communications Dr. and Mrs. George L. Verrall Mrs. Resa C. Vickers Mr. Joe E. Vickery Vicksburg Chemical Co. Vicksburg Council of Garden Clubs Vicksburg Kennel Club Vista Chemical Co. - Aberdeen Mr. Richard H. Vondran Vought Industries Inc. WCBI Television Dr. Cherilyn H. Wade Mr. and Mrs. Ronald C. Wade Mr. Clay Wagner Mr. and Mrs. Fred Wagner Mr. and Mrs. Michael T. Waits Don and Mary Beth Walden Mr. and Mrs. Lake W. Waldrop Mr. Ben B. Walker Mr. and Mrs. Harold D. Walker III Mr. J.J. Walker Jr. Pete Walker Mr. and Mrs. Robert T. Walker Mr. and Mrs. William H. Walker Jr. Walker Inc. Walker Wildlife Conservation Frank and Bunny Wallace Mr. and Mrs. James D. Wallace Mr. Stanley H. Walters Dr. and Mrs. Billy C. Ward Dr. and Mrs. Brad Ward Mr. and Mrs. Charles G. Ward Jr. Mr. Christopher J. Ward Mr. and Mrs. Robert R. Ward Sr. Mr. and Mrs. Daniel P. Waring III Dr. William C. Warner Drs. James and Shannon Warnock Dr. and Mrs. David L. Warren Washington County Alumni Chapter Washington County Conservation League Drs. Chris and Rebecca Waterer Dr. Henry D. Watson Jr. Mr. J. Kevin Watson Mr. and Mrs. Paul H. Watson Jr. Watson Madison County Ford Mr. and Mrs. Sidney E. Watters Jr. Mr. and Mrs. James F. Watts Mr. and Mrs. James P. Watts W.R. “Randy” Watts Sr. and Deborah Watts Mr. and Mrs. Charles E. Weatherly Mr. and Mrs. Herbert M. Weaver II Mr. and Mrs. Michael S. Weaver Mr. and Mrs. Robby Weaver Mr. and Mrs. Steve Weaver Weavexx Mr. Sheldon B. Webster Mr. B.R. Weeks Mr. and Mrs. Bill Weeks Mr. and Mrs. Wayne W. Weidie Mr. and Mrs. John C. Weihing Mr. Lee R. Wells Jr. Mr. Thomas F. Wells III Mr. and Mrs. William L. Wells Jr. Mr. and Mrs. H.W. Wenzel Jr. Dr. and Mrs. Charles W. Werner Mr. and Mrs. Wayne West Mr. and Mrs. William H. West West Jackson Community Development Corp. Mr. and Mrs. Lawrence Westby Western Veterinary Conference Westvaco Timberlands Division Weyerhaeuser - Ruston, La. Weyerhaeuser Co. - Columbus Weyerhauser Co. - Hot Springs, Ark. Mr. and Mrs. James F. Wheeler Mr. and Mrs. John G. Wheeler Mr. Andy White Mr. and Mrs. Bill G. White Mrs. E.F. White Mr. and Mrs. E.B. White III Mr. and Mrs. Harold White Victor and Sharon Whitehead Mrs. Sue K. Whitfield Mr. Shawn A. Whittemore Mr. and Mrs. Floyd F. Whitten Mr. and Mrs. Ryan H. Whittington Mr. William E. Whittington Mr. and Mrs. Albert R. Wilbourn Wilbur-Ellis Co. Mr. and Mrs. Harold R. Wilder Mr. and Mrs. Gary S. Wilkerson Mrs. Jeff Wilkerson Kim and Mary Jean Wilkins Mr. and Mrs. Harold T. Willcutt Jr. Dr. and Mrs. Bart Williams Dr. and Mrs. Billy D. Williams Dr. and Mrs. Jerry L. Williams Mr. and Mrs. David V. Williams Ms. Edwina R. Williams Mr. and Mrs. George W. Williams Mr. John David Williams Mr. James F. Williams Jr. Mr. and Mrs. James M. Williams Mr. James D. Williams Joe E. (Gene) and Wanda Williams Mr. and Mrs. Joseph V. Williams Jr. Mr. and Mrs. Kenneth A. Williams Mr. and Mrs. Milton L. Williams Mr. and Mrs. Norvell Williams Mr. and Mrs. Richard T. Williams Jr. Mr. and Mrs. Scott A. Williams Thomas A. Williams Mr. and Mrs. William R. Williams Mr. and Mrs. Charles H. Williford Mr. Phillip H. Willis Mr. and Mrs. Clifton A. Wilson Jeff and Cindy Wilson Mr. and Mrs. Teddy G. Wilson Mr. and Mrs. Dalton I. Windham Jr. Mr. Jerry E. Windham Mr. John C. Wineman Winn Feline Foundation Winrock International Mrs. Doris J. Wise Mrs. Elizabeth Wiseman Mr. and Mrs. James L. Witcher Sr. Mr. and Mrs. Sterling A. Withers Mr. Richard W. Wittmann Dr. F.B. Wiygul Mr. and Mrs. C. Michael Womack Mr. Stephen R. Woo Mr. and Mrs. Earl G. Woods Jr. Mr. and Mrs. Jack E. Woods Woodside Landfill Mr. and Mrs. Billy D. Woodward Dr. and Mrs. Charles O. Woody Jr. Woody’s #3 Mr. and Mrs. David L. Wooley Dr. and Mrs. O.B. Wooley Jr. Mr. and Mrs. Charles D. Work Sr. Mr. and Mrs. John S. Worley Jr. *Mr. and *Mrs. Clifford G. Worsham Mr. Mark A. Worthey Ms. Robin S. Worthey Mr. and Mrs. Dee L. Wright Mrs. Juanita L. Wright Mr. and Mrs. Robert Y. Wright III Mr. and Mrs. Stanley H. Wright Mr. Walter R. Wright Wrigley Manufacturing Co. LLC WTOK-TV Inc. Wyeth-Ayerst Laboratories Mr. and Mrs. John M. Wynne Mr. and Mrs. Homer L. Yarbrough Jr. 57 Dr. Michael Yates and Mrs. Karen Yates W.G. Yates and Sons Construction Co. Yazoo Valley Oil Mill Inc. Mrs. Elsie L. Yeates Mr. and Mrs. Jim L. Yonge Yongin University YONGIN, Graduate School of Business Administration Mr. and Mrs. Hansell N. York III Mr. Charles T. Yoste Mr. and Mrs. Gerald G. Young Mr. and Mrs. James B. Young Sr. Mr. and Mrs. James F. Young Mr. and Mrs. Milton J. Young Mr. Norman R. Young Mrs. Susan D. Younger Dr. Maude D. Yow Y-Tex Corp. Mr. and Mrs. Jeffrey A. Zachary Ms. Vonna L. Zellner Zeneca Ag Products - Richmond, Calif. Dr. Helen M. Currie and Mr. Dayne Zimmerman Zinpro Corp. *deceased Patrons of Excellence The Patrons of Excellence program was the first major donor club established by the MSU Foundation. Donors qualify by making an annual gift at one of the listed gift levels for their contributions to the MSU Annual Fund. (Annual members from July 1, 2008 through June 30, 2009) 58 Patrons Council $5,000 - $9,999 Patrons Society $2,500 - $4,999 Mr. Harry Adams American Chemical Society Mr. Sudharshan Bangalore Mr. and Mrs. Walt B. Boltwood Mr. and Mrs. Jack W. Breland Mr. and Mrs. Chance B. Carter Ms. Ann R. Cleland Mr. Dale Cole Jr. Ewing Kessler Mechanical Solutions Inc. EYStudios Inc. Health Management - Mississippi Divisions Mrs. Rebecca S. Heigle Mr. Bill Henderson Ed and Sherry Hicks Mr. Thomas G. Hixon Jr. Mr. and Mrs. Charles H. Huff Jr. Mr. Don Michael Jarma Jesco-A United Dominion Co. Mr. and Mrs. Bernard A. Jordan Sr. Dr. Shane C. Kitchens Mr. and Mrs. Mark Lomen Morning Gardners Mustang Technology Group L.P. *Dr. and Mrs. Raymond Orgler Mr. Jonathan R. Papelbon Parker and Associates Mr. and Mrs. Michael J. Pepper Ms. Katie Rose Saliba Shaw Industries Mrs. Eloise Hicks Smith Society of Petroleum Engineers Inc. Society of Plastic Engineers - South Central Mississippi Chapter Mr. Drew St. John Mr. and Mrs. Chris Vinson Mr. Gray Wiggers Mr. and Mrs. Bobby L. Windham Jr. Dr. Idabelle Ables and Mr. James Ables Mr. M. Stuart Allen Mr. and Mrs. William R. Balentine Mr. Larry C. Barton Mr. Charles R. Bell Mr. and Mrs. W. Terrell Bell Mr. William C. Bell Benefits Management Group Mr. and Mrs. Scott W. Benjamin Blackfriars Drama Society Mr. and Mrs. P.L. Blake Boeing Charitable Trust Mr. Tommy Bond Mr. and Mrs. Forrest G. Bratley Jr. Mr. Charles B. Brewer Drs. Philip and Susan Bridges Mr. and Mrs. Paul T. Brown Mr. and Mrs. Malone Buchanan Mr. and Mrs. Timothy T. Burns Mr. Robert Busick Johnnie R. and Cathy Butler Mr. Roger L. Byrd C and C Vintage Flooring LLC Inc. Mr. David O. Calhoun Mr. Carlise Campbell Mr. and Mrs. Tommie S. Cardin Mr. Reid Carpenter Mr. Roger Carroll Mrs. Judith H. Cascio Chandler Investiture Committee Citibank Delaware Mr. and Mrs. Herbert G. Clark II Coastal Community Foundation Mr. and Mrs. John A. Cohen Rick Cooke Mr. Richard J. Crawley Cypress Creek Ranch Mr. and Mrs. Bradley S. Denson Mr. and Mrs. Andy Dixon Mr. and Mrs. Nelson L. Douglass III Mr. William A. Draper Mr. and Mrs. Mark W. Dungan The Fair Companies Dr. and Mrs. Wesley M. Ferguson Dr. Marijo Kent-First and Dr. Neal L. First Mr. Brad Fleming Mr. Mark Foster Mr. and Mrs. Joseph N. Fratesi Dr. and Mrs. William T. French Global Impact - International Charities Inc. Mr. and Mrs. J.C. Goldman Jr. Mr. and Mrs. Stephen C. Gordon Greenforest Nursery Inc. Mr. and Mrs. Willard G. Griffin III Mr. Marion C. Grubbs Mr. Philip A. Harris Hemphill Construction Co. Higginbotham Automobiles Mr. Elmer J. Higginbotham Drs. George and Missy Hopper Mr. and Mrs. George E. Hough Mr. James C. Hubbard Mr. Jim Humber III Mr. Jon E. Hunter Mr. and Mrs. David B. Ingram Mr. and Mrs. Tony R. Jackson Mr. and Mrs. Samuel A. Johnson Mrs. Theresa Johnson Mr. David E. Ketchum Jr. Mr. and Mrs. Jason Kilgore Mr. Owen D. King Mr. and Mrs. Max K. Klaus Mr. Matthew J. Kline Mrs. Connie C. Ladner Mr. James M. Lafoe II Mr. John W. Lafoe Jr. Mr. and Mrs. J. Wilson Lafoe Ms. Pam Lenoir T.E. Lott and Co. P.A. Mr. Joshua E. Luke Bill and Wyeth Luter Dr. Fred W. McCaleb Mr. and Mrs. Kevin McClure Mr. and Mrs. William D. McComb Jr. Mr. Jesse W. McCrary Jr. Mr. Patrick G. McDill Mr. Shea E. McNease Mississippi Center for Education Innovation Dr. Michael B. Mitchell Dr. and Mrs. William M. Molpus Mr. and Mrs. Michael T. Muzzi Mr. Robert P. Myers Jr. Nissan Motor Co. Otolaryngology Consultants of Memphis Mr. and Mrs. David S. Pace Mr. and Mrs. Leigh M. Pace Mr. David A. Palmer Mr. Brandon F. Parker Mr. Gayden L. Parker Sr. Mr. and Mrs. Greg S. Patterson Mr. Jeffrey H. Peoples Mr. Cameron B. Peyton Pilot International Mr. and Mrs. John C. Puckett Mr. and Mrs. James K. Putnam Quanta Technology LLC Mr. and Mrs. James M. Quinn Dr. and Mrs. Masoud Rais-Rohani Mr. and Mrs. George B. Ready Mr. Woodrow S. Reed Mr. James S. Rowles Dr. and Mrs. James H. Rutland III Mr. John A. Saia Jr. Mrs. Charles D. Saunders Mr. and Mrs. Mark L. Scott Mr. Christopher A. Shapley Mr. and Mrs. Kirk A. Shelton Simmons & Associates Educational Trust Mr. and Mrs. Richard L. Simpson Mr. James R. Sink and Mrs. Connie S. Sink Mr. Harry L. Smith Mr. and Mrs. Robert H. Smith Mr. Thomas C. Smith Jr. Mr. and Mrs. Charles W. Snipes Jr. Southwest Mississippi Forestry Association Mr. Greg Spanier Mr. and Mrs. Vernon C. Spencer II Mr. and Mrs. Jay Stegall Mr. and Mrs. Paul J. Steinle Jr. Mr. and Mrs. Anthony J. Stella Mr. and Mrs. Tim Stevens Mr. Jeff Stewart Mr. Russell W. Stigall III Ms. Kacey Strickland Mr. and Mrs. Jeffrey M. Tarsi Mr. and Mrs. Corey A. Taylor Thompson, Dunavant PLC Mr. and Mrs. R.B. Thornton Jr. Mr. and Mrs. Robert L. Turnage William D. Turner DDS Mrs. Jeanine D. Vivier Mr. and Mrs. Sammy R. Wade Mr. and Mrs. Brian M. Waldrop Sr. Mr. and Mrs. Kevin Walker Mr. and Mrs. Mark F. Waller Mr. and Mrs. John J. Walton Mr. and Mrs. Larry R. Ware Mr. and Mrs. H.H. Waycaster Mr. and Mrs. Charles E. Webster Mrs. Elaine M. White Mr. Lester Williams Mr. and Mrs. Michael A. Williams Mr. and Mrs. Scott H. Wise Mr. and Mrs. James Works John and Susan Baldwin Yeosock Mr. and Mrs. Paul S. Zimmerman Patrons Associate $1,000 - $2,499 Mr. and Mrs. Terry M. Abel Drs. Jimmy and Patti Abraham Mr. and Mrs. John P. Adair Mr. Robert K. Adam Mr. and Mrs. Henry V. Adams Mr. Jerry L. Adams Mr. Lemuel S. Adams III Mr. and Mrs. Shannon L. Adams Mr. and Mrs. Jeffery M. Adcock Mr. William L. Adcock Mr. Michael S. Aguirre Dr. and Mrs. Marc A. Aiken Mr. Jeffrey D. Aldridge Mr. and Mrs. Michael S. Alford Mr. Malcolm A. Allred Altec Industries Inc. Mr. and Mrs. Mike Amis Mr. and Mrs. Wayne Anders G. Chris Anderson Joe and Linda Anglin Animal Ark Animal Hospital Mr. Larry Armstrong Dr. and Mrs. Dale H. Arner AT&T - Jackson Dr. Melinda J. Austin Autumn Ridge Dental Mr. Steven S. Aycock Mr. and Mrs. Claude S. Bailey III Bailey Investments LLC Mr. and Mrs. Jason D. Bailey Mr. John H. Baker Mr. and Mrs. Gabriel P. Baldwin Mr. and Mrs. Timothy C. Ball Mr. Robert A. Ballew Mr. and Mrs. William C. Barber Barber Financial Services Michelle L. Barlow Mr. and Mrs. Harris H. Barnes III Mr. and Mrs. Steve Barnett Mr. Stacy Barr Dr. and Mrs. Gene R. Barrett Mr. Jimmy K. Barron Mr. Kyle Bass Mr. John W. Baswell Jr. Mr. and Mrs. Thomas B. Batson Mr. and Mrs. Charles M. Beavers Mr. Joseph M. Beck Mr. Louis K. Beene Mr. A. Mark Bennett III Mr. and Mrs. Ross Bentz Mr. Curtis A. Berry Mr. and Mrs. R. Dennis Berry Mr. and Mrs. George C. Bestor Jr. Mr. and Mrs. William E. Bigham Mr. and Mrs. Brian J. Bishop Mr. and Mrs. John L. Black Jr. Mr. and Mrs. Stevan L. Black Jr. Mr. and Mrs. Don B. Blaise Mr. and Mrs. Murry B. Blankenship Jr. Mr. Justin M. Bobo Mr. and Mrs. William N. Bogan Jr. Mr. and Mrs. Johnny K. Bolen Mr. Chris Bond Mr. and Mrs. John P. Bond III Mr. and Mrs. Thomas L. Booker III Mr. and Mrs. Robert V. Borromeo Dr. and Mrs. Cecil C. Boswell Mr. Russ M. Bourne Mr. and Mrs. Fred J. Bower Mr. and Mrs. Max P. Bowman Mr. and Mrs. Roy R. Bowman Mr. and Mrs. Christopher Boyd Mr. and Mrs. Kyle D. Boyles Mr. Terry E. Bradford The Brick Industry Association Mr. Barry W. Bridgforth Mr. and Mrs. William F. Bridgforth Mr. Quinn F. Brislin Broadcast Media Group Inc. Mr. and Mrs. Frank L. Brooks Larry Brooks Mississippi State Farm Bulldog Club Miss Althea B. Brown Mr. and Mrs. Andy T. Brown Mr. and Mrs. Harry M. Brown Mr. Richard S. Brown Mr. and Mrs. Russell M. Brown Mr. and Mrs. Stephen W. Brown Mr. and Mrs. Jim Broyles Mr. and Mrs. Clark Bruce Mr. and Mrs. Maxie Bruce Jr. Mr. and Mrs. Steve Brunson II Mr. M. Brooks Bryan Mr. and Mrs. Nick Bryce Mr. and Mrs. William H. Bryce Jr. Mr. Keith A. Buck and Dr. Pamela R. Buck Mr. and Mrs. Thomas O. Buford Jr. Mrs. Lois Bullock Mrs. Nancy Burdine Mr. Matthew T. Burke Mr. Jeffry A. Bush Steve and Beth Butler Mr. and Mrs. Toby A. Butler Jim and Margaret Byram Mr. and Mrs. James E. Byrd Mr. Terry Byrd Mr. and Mrs. Gregory K. Byrne Mr. and Mrs. Tim Byrne Mr. and Mrs. Robert W. Cadenhead Mr. James F. Campbell Mr. and Mrs. Randy T. Cannon Carey, Hardin, Clearwater Consultants Inc. 59 Cargill Meat Solutions Corp. Mr. and Mrs. William R. Carnell Mr. and Mrs. William J. Carollo Jr. Mr. Dennis R. Carpenter Mr. and Mrs. Von S. Carpenter Dr. and Mrs. James H. Carr Dr. Ferita P. Carter Mr. and Mrs. Robert S. Carter Mr. William H. Carter Mr. and Mrs. Willie J. Carter Jr. Mr.C. Shaw Case and Mrs.Roxanne Penton Case Mr. and Mrs. Glenn E. Caves Center Ranch Mr. and Mrs. Michael S. Chambers Mr. Philip A. Chamblee Mr. and Mrs. Dwight L. Chance Mr. and Mrs. James W. Chapman Mr. and Mrs. Charles C. Childs Mr. and Mrs. Gilroy Chow Mr. and Mrs. Joseph B. Clark Mr. William B. Clay Mr. and Mrs. Mike K. Clayborne Mr. Jeffrey R. Clifton Mr. and Mrs. James N. Cobb Mr. Malcolm N. Cockerham Mr. Don H. Coe Mr. Richard C. Coffey Mr. James A. Coggin Mr. and Mrs. Dennis Coleman Mr. William E. Collins Mr. John A. Colotta Mr. and Mrs. Edward M. Coltharp Dr. and Mrs. John W. Colwick Mr. T. Justin Comer Community Foundation of East Mississippi Community Newspaper Holdings Inc. Concepts Unlimited Inc. Mr. and Mrs. Johnnie P. Coombs Jr. Cooper Marine and Timberlands Corp. 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Zito *deceased 63 Financial Statements MISSISSIPPI STATE UNIVERSITY FOUNDATION ANNUAL REPORT 2008-2009 65 INDEPENDENT AUDITORS’ REPORT The Board of Directors Mississippi State University Foundation, Inc.: We have audited the accompanying statements of financial position of Mississippi State University Foundation, Inc. (the Foundation) as of June 30, 2009 and 2008, and the related statements of activities and cash flows for the years then ended. These financial statements are the responsibility of the Foundation’s management. Our responsibility is to express an opinion on these financial statements based upon our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Foundation’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Foundation as of June 30, 2009 and 2008, and the changes in its net assets and its cash flows for the years then ended in conformity with U.S. generally accepted accounting principles. As discussed in notes 1(l) and 8, the Foundation adopted the provisions of Statement of Financial Accounting Standards No. 157, Fair Value Measurements, as of July 1, 2008, for fair value measurements of all financial assets and financial liabilities and for fair value measurements of nonfinancial items that are recognized or disclosed at fair value in the financial statements on a recurring basis. D E C E M B E R 1 4 , 2 0 09 66 STATEMENTS OF FINANCIAL POSITION Assets Cash Restricted cash Accrued interest, other receivables and prepaid assets Receivable from Mississippi State University Receivable from MSU Alumni Foundation Receivable from MSU Alumni Association Notes receivable (note 4) Pledges receivable, net (note 3) Investments (note 2) Present value of amounts due from externally managed trusts Unamortized bond issuance costs Land, buildings and equipment (note 5) Total assets Liabilities and Net Assets Liabilities: Accounts payable and accrued liabilities Agency payable Obligation under capital leases (note 9) Liabilities under split interest agreements Long-term debt (note 6) Total liabilities Net assets (deficit): Unrestricted Temporarily restricted (note 7) Permanently restricted (note 7) Total net assets Commitments (notes 2 and 9) Total liabilities and net assets | JUNE 30, 2009 AND 2008 2009 2,370,160 2,032,354 568,524 2,982 12,933 131,424 366,117 19,562,300 204,400,418 26,986,042 — __ __ 12,540,166_ $___ __–__ ____268,973,420 ____________ $ $ 2008 3,243,092 — 657,654 13,750 19,110 120,953 443,482 17,030,437 239,074,917 25,936,835 44,400 _ __ _ _ 13,306,918 __ _ __299,891,548 ___ __–__ ___________ 2,484,360 2,032,354 3,175,353 3,784,736 ______ 267,941_ _ _ 11,744,744_ 2,771,447 — 3,510,099 5,251,595 __ _ 4,192,590 ___ 15,725,731 (3,839,125) 32,564,787 __ _228,503,014_ _ ____257,228,676_ 21,464,897 45,474,916 _ __ _217,226,004 ___ _284,165,817 $___ ___________ ___ 268,973,420 _____ _____ ___________ _ _ 299,891,548 ____ See accompanying notes to financial statements. 67 STATEMENT OF ACTIVITIES | YEAR ENDED JUNE 30, 2009 Unrestricted Revenues and support: Contributions Net investment loss (note 2) Change in value of split interest agreements Other Change in restrictions by donor Net assets released from restrictions Total revenues and support Expenditures: Program services: Contributions and support for Mississippi State University Contributions and support for Bulldog Club Contributions and support for Bulldog Foundation Contributions and support for MSU Alumni Association Total program services Supporting services: General and administrative Fund raising Total supporting services Total expenditures (Decrease) increase in net assets Net assets at beginning of year Net assets (deficit) at end of year $ Temporarily restricted 4,675,367 (24,242,720) — 2,562,793 455,046 12,387,527 (7,203,227) (164,376) — (599,481) _ _ _17,330,572_ ______781,058_ Permanently restricted Total 28,135,992 (31,778,470) 227,624 2,562,793 — ____(17,330,572) 11,073,098 (332,523) 392,000 — 144,435 _ _________—_ ___________—_ ____(12,910,129) __ _11,277,010_ ________(852,061) 17,875,592 2,387,142 — — — — 17,875,592 2,387,142 21,375 — — 21,375 ______566,877_ __________—_ __________—_ _______566,877_ __ _____20,850,986_ __________—_ __________—_ __ ____ _20,850,986_ ____2,780,273_ — __________—_ — __________—_ ____2,780,273_ ___5,234,094_ __ _26,085,080_ (25,304,022) __________—_ __________—_ (12,910,129) __________—_ __________—_ 11,277,010 ____5,234,094_ _____26,085,080_ (26,937,141) ____21,464,897_ $____(3,839,125) __ ___ ___________ ____ 45,474,916_ ___ ___ ____32,564,787_ __________ __217,226,004_ _______ _228,503,014_ ___ __________ ____284,165,817_ ___ _257,228,676 __ ____ ___________ 2,453,821 2,453,821 See accompanying notes to financial statements. 68 STATEMENT OF ACTIVITIES Unrestricted Revenues and support: Contributions Net investment (loss) income (note 2) Change in value of split interest agreements Other Change in restrictions by donor Net assets released from restrictions Total revenues and support Expenditures: Program services: Contributions and support for Mississippi State University Contributions and support for Bulldog Club Contributions and support for Bulldog Foundation Contributions and support for MSU Alumni Association Total program services Supporting services: General and administrative Fund raising Total supporting services Total expenditures (Decrease) increase in net assets Net assets at beginning of year Net assets at end of year $ | Temporarily restricted 4,825,052 (84,851) — 2,307,506 41,617 4,453,413 (6,711,718) 98,598 (736,608) 1,125,550 ____21,128,054_ ____28,217,378_ YEAR ENDED JUNE 30, 2008 Permanently restricted Total 20,048,675 (6,586,657) 3,466,088 2,581,270 — ____(21,128,054) 10,770,210 209,912 3,367,490 1,010,372 (1,167,167) __________—_ ___________—_ ____(22,898,819) __ _14,190,817_ ___ _19,509,376_ 23,995,804 630,066 — — — — 23,995,804 630,066 332,500 — — 332,500 _______580,485_ __________—_ __________—_ ______580,485_ ____ ___25,538,855_ __________—_ __________—_ ____ ___25,538,855_ _____2,904,953_ — __________—_ — __________—_ _____2,904,953_ __ __5,912,149_ _ _31,451,004_ (3,233,626) __________—_ __________—_ (22,898,819) __________—_ __________—_ 14,190,817 __ __5,912,149_ ___ _31,451,004_ (11,941,628) ____24,698,523_ $ ____ ___21,464,897_ __ __________ __ _68,373,735_ __45,474,916 ____ ____ ___________ _ _203,035,187_ _____217,226,004 ___ ___________ ____296,107,445_ ____ 284,165,817_ ___ _ __________ 3,007,196 3,007,196 See accompanying notes to financial statements. 69 STATEMENTS OF CASH FLOWS | YEARS ENDED JUNE 30, 2009 AND 2008 2009 2008 (26,937,141) (11,941,628) 800,654 63,600 38,861,557 (499,457) (1,584,128) 89,130 (2,531,863) (1,049,207) (287,087) 10,768 6,177 (10,471) (4,219) _ (11,128,623) _ _ _(4,200,310) 1,242,233 — 14,142,434 413,224 (5,335,727) 309,441 5,960,229 8,813,188 (546,314) (13,750) (46) (88,886) (13,769) _ _ (12,853,706) __ _ ____86,923_ (33,902) (15,225,227) 12,131,248 _ _77,365_ _________ __(3,050,516) (52,220) (39,859,951) 29,622,637 _ 96,433_ ______ ___(10,193,101)_ (3,943,849) 4,219 11,128,623 132,809 (609,162) _ _(334,746) __ ____6,377,894_ (872,932) (663,405) 13,769 12,853,706 514,816 (734,537) _ _ (297,823) _ __ 11,686,526_ 1,580,348 Cash at beginning of year Cash at end of year ___ _3,243,092_ $ ____________ ____ __ 2,370,160 __ _____ _ __ _1,662,744_ _ ____________ ____ _3,243,092_ __ ____ Supplemental disclosure of cash flow information: Cash paid during the year for interest Capital lease obligation for equipment $ Cash flows from operating activities: Decrease in net assets Adjustments to reconcile decrease in net assets to cash provided by (used in) operating activities: Depreciation and amortization Loss on early redemption of bonds Realized and unrealized losses on investments, net Change in value of internally managed split interest agreements Fair value of donated assets Change in accrued interest, other receivables and prepaid assets Change in pledges receivable, net Change in externally managed trusts Change in accounts payable and accrued liabilities Change in receivable from Mississippi State University Change in receivable from MSU Alumni Foundation Change in receivable from MSU Alumni Association Permanently restricted investment dividends and interest Permanently restricted contributions Net cash provided by (used in) operating activities Cash flows from investing activities: Purchases of land, buildings and equipment Purchases of investments Proceeds from sales and maturities of investments Payments on notes receivable Net cash used in investing activities $ Cash flows from financing activities: Principal payments on long-term debt Permanently restricted investment dividends and interest Permanently restricted contributions New liabilities under split interest agreements Payments to split interest agreement beneficiaries Principal payments on capital lease obligation Net cash provided by financing activities Net increase (decrease) in cash 26,993 — 240,257 3,606,672 See accompanying notes to financial statements. 70 NOTES TO FINANCIAL STATEMENTS (1) | JUNE 30, 2009 AND 2008 Significant Accounting Policies (a) Organization Mississippi State University Foundation, Inc. (the Foundation) is a not-for-profit entity established to solicit and manage funds for the benefit of Mississippi State University (the University). The Foundation also manages funds for affiliates of the University, including MSU Alumni Association, MSU Alumni Foundation, MSU Bulldog Club, Inc. and MSU Bulldog Foundation. (b) Basis of Accounting These financial statements, which are presented on the accrual basis of accounting, have been prepared to present balances and transactions according to the existence or absence of donor-imposed restrictions. This has been accomplished by classification of net assets and transactions into three classes – permanently restricted, temporarily restricted or unrestricted as follows: Permanently restricted net assets – net assets subject to donor-imposed stipulations that they be maintained permanently by the Foundation. Generally, the donor of these assets permits the Foundation to use all or part of the income earned on related investments for general or specific purposes in support of the University. Temporarily restricted net assets – net assets subject to donor-imposed stipulations that may or will be met by actions of the Foundation and/or the passage of time. Unrestricted net assets – net assets which represent resources generated from operations or that are not subject to donor-imposed stipulations. Unrestricted net assets include contributions designated to a particular college or unit for which the use or purpose is unrestricted. Revenues are reported as increases in unrestricted net assets unless use of the related assets is limited by donor-imposed restrictions. Expenditures are reported as decreases in unrestricted net assets. Gains and losses on investments and other assets or liabilities are reported as increases or decreases in unrestricted net assets unless their use is restricted by explicit donor stipulations or by law. Expirations of restrictions on net assets (i.e., the donor-stipulated purpose has been fulfilled and/or the stipulated time period has elapsed) are reported as reclassifications between the applicable classes of net assets. Contributions, including unconditional promises to give, are recognized as revenues in the period received. Conditional promises to give are not recognized until they become unconditional, that is, when the conditions on which they depend are substantially met. Contributions of assets other than cash are recorded at their estimated fair value. Contributed goods and services are recorded as revenues and expenses in the statement of activities at estimated fair value. Income and realized and unrealized gains and losses on investments of permanently restricted net assets are reported as follows: • as increases in permanently restricted net assets if the terms of the gift or the Foundation’s interpretation of relevant state law require that gains be added to the principal of a permanent endowment fund; • as increases or decreases in temporarily restricted net assets if the terms of the gift impose restrictions on their use; • as increases or decreases in unrestricted net assets in all other cases. CONTINUED 71 NOTES TO FINANCIAL STATEMENTS (c) | JUNE 30, 2009 AND 2008 Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates. An estimate that is particularly susceptible to significant change in the near term relates to the allowance for uncollectible pledges. The Foundation’s investments are invested in various types of investment securities and in various companies within various markets. Investment securities are exposed to several risks, such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the Foundation’s financial statements. (d) Restricted Cash Funds held for an unaffiliated organization that retains control over the expenditures of such funds are classified as restricted cash in the statement of financial position with a corresponding amount in agency payable. (e) Land, Buildings and Equipment Land, buildings and equipment are stated at cost, if purchased, or at fair value on the date of gift, if donated. Depreciation of buildings and equipment, including assets acquired under capital leases, is provided on the straight-line method over the shorter of the estimated useful life of the assets or the term of the lease. The estimated useful lives for buildings is 30-40 years and furniture, fixtures, and equipment is 5-10 years. The Foundation assesses potential impairment to its long-lived assets when there is evidence that events or changes in circumstances have made recovery of the carrying value of the assets unlikely. An impairment loss is recognized when the sum of the expected future undiscounted net cash flows is less than the carrying amount of the asset. (f) Investments The Foundation’s investments primarily consist of publicly traded fixed income and equity securities, other investments, and cash held for reinvestment. Other investments include real estate investments, private equity funds and hedge funds through fund-of-funds structures generally organized as limited partnerships or limited liability companies. The fair value of publicly traded fixed income and equity securities investments are based on quoted market prices. Since partnership and member interests do not have readily ascertainable market values and may be subject to withdrawal restrictions, the Foundation values these investments at net asset value, in accordance with valuations provided by the general partner or fund manager of the underlying partnership or company. The Foundation’s management may, in addition, consider other factors in assessing the fair value of these investments. Real estate is valued at estimated fair value. Cash held for reinvestment consists primarily of liquid short-term instruments held by the investment pool. The Foundation believes that the carrying amount of its other investments is a reasonable estimate of fair value as of June 30, 2009 and 2008. Because other investments are not marketable, the estimated value is subject to uncertainty and, therefore, may differ from the value that would have been used had a ready market for the investment existed. The liquidity crisis that originally was linked principally to the sub-prime lending markets has spread to CONTINUED 72 NOTES TO FINANCIAL STATEMENTS | JUNE 30, 2009 AND 2008 other corners of the credit markets in the U.S. and internationally. It is not possible at this time to predict the full impact or duration of the existing illiquid credit market conditions. The unstable market conditions and the resulting uncertainties contribute to additional risks associated with certain significant investment valuation estimates. Management continues to monitor the composition of its portfolio to assess the potential impact of these market conditions on the valuation of its investments. (g) Pledges All unconditional promises to give are recorded at their estimated realizable value on a discounted basis. (h) Split Interest Agreements The Foundation accepts gifts subject to split interest agreements. These gifts may be in the form of gift annuities, charitable lead trusts, charitable remainder trusts or perpetual trusts. At the time of receipt, a gift is recorded based upon the fair value of assets donated less any applicable liabilities. Liabilities include the present value of projected future distributions to the annuity or trust beneficiary and are determined using appropriate discount rates (at June 30, 2009 rates ranged from approximately 3% to 8%). For certain split interest agreements where the measurement objective is fair value, the discount rate is adjusted to a current market rate at each reporting date. Funds subject to split interest agreements are classified as temporarily restricted or permanently restricted based upon donor designations. Externally managed trusts consist of irrevocable charitable lead trusts, charitable remainder trusts and perpetual trusts whereby the Foundation is the beneficiary, not the trustee. The Foundation records these trusts, after discovery of their existence, at the present value of the estimated future cash receipts from the assets of the trust. Contribution revenue attributable to split interest agreements for the fiscal years ended June 30, 2009 and 2008 was $1,704,261 and $2,350,417, respectively. (i) Bond Issuance Costs and Bond Discounts Bond issuance costs and bond discounts are amortized over the term of the related bond issue using the straight-line method, which does not significantly differ from the effective interest method. (j) Income Taxes The Foundation is a not-for-profit entity as described in Section 501(c)(3) of the Internal Revenue Code (the Code) and is exempt from Federal income taxes on related income pursuant to Section 501(a) of the Code. On July 1, 2008, the Foundation adopted Financial Accounting Standards Board (FASB) Interpretation No. 48 (FIN 48), Accounting for Uncertainty in Income Taxes – an interpretation of FASB Statement No. 109. FIN 48 clarifies the accounting for uncertainty in income tax positions recognized in accordance with FASB Statement No. 109, Accounting for Income Taxes. It also provides guidance on when tax positions are recognized in an entity’s financial statements and how the values of those positions are determined. There was no impact on the Foundation’s financial statements as a result of the adoption of FIN 48. (k) Liquidity Assets are presented according to their nearness to cash and liabilities are presented according to their nearness of payment or use of cash. CONTINUED 73 NOTES TO FINANCIAL STATEMENTS (l) | JUNE 30, 2009 AND 2008 Recent Accounting Pronouncements Effective July 1, 2008, the Foundation adopted Statement of Financial Accounting Standards (SFAS) No. 157, Fair Value Measurements (SFAS No. 157), which defines fair value, establishes an enhanced framework for measuring fair value and expands disclosures about fair value measurements. In conjunction with the adoption of SFAS No. 157, the Foundation elected to early adopt the measurement provisions of Accounting Standards Update No. 2009-12, Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent), to certain investments in funds that do not have readily determinable fair values including private equity investments, hedge funds, real estate, and other funds. This guidance amends SFAS No. 157 and permits, as a practical expedient, for the estimation of the fair value of investments in investment companies for which the investment does not have a readily determinable fair value using net asset value per share or its equivalent. Net asset value, in many instances may not equal fair value that would be calculated pursuant to SFAS No. 157. The Foundation’s adoption of SFAS No. 157 did not have a significant impact on the Foundation’s determination of fair value in the financial statements but did result in expanded footnote disclosures in notes 2 and 8 to the financial statements. Effective July 1, 2008, the Foundation adopted SFAS No. 159, The Fair Value Option for Financial Assets and Financial Liabilities - including an amendment of FASB Statements No. 115 (SFAS No. 159). SFAS No. 159 gave the Foundation the irrevocable option to report most financial assets and financial liabilities at fair value on an instrument-by-instrument basis, with changes in fair value reported in earnings. The Foundation did not elect the fair value option in regard to items not previously recorded at fair value; therefore, the adoption of this statement had no impact on the financial position or results of operations of the Foundation. In August 2008, the FASB issued Staff Position (FSP) No. 117-1, Endowments of Not-for-Profit Organizations: Net Asset Classification of Funds Subject to an Enacted Version of the Uniform Prudent Management of Institutional Funds Act (UPMIFA), and Enhanced Disclosures for All Endowment Funds (FSP 117-1). FSP 117-1 provides guidance on the net asset classification of donor-restricted endowment funds for a not-for-profit organization that is subject to an enacted version of the UPMIFA and expands disclosures about an organization’s endowment funds (both donor-restricted endowment funds and board-designated endowment funds), whether or not the organization is subject to UPMIFA. FSP 117-1 is effective for fiscal years ending after December 15, 2008. As of June 30, 2009, the state of Mississippi had not yet adopted UPMIFA. The Foundation adopted the disclosure provisions of FSP 117-1 during the year ended June 30, 2009. (m) Subsequent Events In connection with the preparation of the financial statements and in accordance with the recently issued SFAS No. 165, Subsequent Events, the Foundation evaluated subsequent events after the balance sheet date of June 30, 2009 through December 14, 2009, which was the date the financial statements were available to be issued. (2) Investments The Foundation, the University, the MSU Alumni Foundation and the MSU Bulldog Club, Inc. are participants in a joint venture whereby certain assets are pooled for investment purposes. The Foundation is the investment pool’s general partner, manages the assets of the pool, and maintains separate accounts for each participant. Investment income, gains and losses, and expenses of the pool are allocated to each participant based on their share of ownership CONTINUED 74 NOTES TO FINANCIAL STATEMENTS | JUNE 30, 2009 AND 2008 of the pool. At June 30, 2009 and 2008, approximately 83% and 82%, respectively, of the Foundation’s investments are included in the pool. Investments are summarized as follows at June 30, 2009 and 2008: U.S. Government securities Corporate bonds Equity securities Partnership and member interests Short-term investments Real estate Other 2009 2008 3,071,969 36,028,716 94,487,509 57,425,166 5,046,481 7,176,345 _ _ __ _1,164,232 $_______________ __ _ _ _204,400,418 ____ 3,806,857 33,727,322 124,937,100 65,576,096 2,719,419 7,180,888 _ ___ _1,127,235 ____ __ 239,074,917 __ ____________ ____ $ Included in the above table are approximately $98,198,000 and $123,487,000 at June 30, 2009 and June 30, 2008, respectively, of investments whose carrying values have been estimated by management in the absence of readily determinable fair values. Management’s estimates are based upon information provided by the fund managers or general partners. Within each asset class, the Foundation achieves diversification through allocations to several investment strategies and market capitalizations. At June 30, 2009, the Foundation’s remaining outstanding commitments to private equity and venture capital interests totaled $1,686,975. The projected capital call amounts for the next five fiscal years and thereafter are summarized in the table below: Projected capital calls Fiscal year: $ 2010 2011 2012 2013 2014 Thereafter Total _ __ ________ _ 675,000 675,000 336,975 — — — $_ ___ __ _ __ __________ ___ 1,686,975 __ ___________ _______ ____ Private equity and venture capital interests have ten year terms, with extensions of one to four years. As of June 30, 2009, the average remaining life of the private equity and venture capital interests is approximately 5 years. At June 30, 2009 and 2008, the Foundation had hedge fund investments of approximately $43,751,000 and $50,089,000, respectively. Some of the hedge fund investments with redemption restrictions allow early redemption CONTINUED 75 NOTES TO FINANCIAL STATEMENTS | JUNE 30, 2009 AND 2008 for specified fees. The terms and conditions upon which an investor may redeem an investment vary, usually with the majority requiring 15 to 180 days notice after the initial lock up period. At June 30, 2009, the Foundation had no alternative investment funds for which an otherwise redeemable investment was not redeemable. The Foundation has entered into various split interest agreements, including charitable lead annuity trusts, charitable remainder unitrusts, and charitable gift annuities, whereby the Foundation serves as trustee. The assets held under these split interest agreements are included in investments at June 30, 2009 and 2008 with an approximate fair value of $5,468,000 and $7,564,000, respectively. The following schedule summarizes net investment loss in the statements of activities for the years ended June 30, 2009 and 2008: Dividends and interest (net of expenses of $815,363 and $855,174, respectively) Net realized and unrealized losses (3) 2009 2008 7,083,087 _ _ _(38,861,557) $__ _____________ ___ (31,778,470) ____ 7,555,777 _ ___ _(14,142,434) ___ ______________ __ _ _ (6,586,657) ____ $ Pledges Receivable Pledges receivable, net, are summarized as follows at June 30, 2009 and 2008: 2009 Unconditional promises expected to be collected in: Less than one year One year to five years Over five years Less unamortized discount (rates ranging from 1% to 5% and 3% to 5% in 2009 and 2008, respectively) Less allowance for uncollectible pledges $ 2008 7,893,435 10,108,024 ____ 4,262,201_ 22,263,660 6,615,233 8,437,035 ___ 5,667,000_ 20,719,268 ___ (2,024,659) 20,239,001 ___ (2,986,990) 17,732,278 ___ (676,701) $__ _____________ ___ 19,562,300 _____ ___ (701,841) _ __ _ 17,030,437 __ _____________ _____ (4) Notes Receivable At June 30, 2009 and 2008, the Foundation had two notes receivable totaling $366,117 and $443,482, respectively, both with a related party. The notes receivable require semi-annual and monthly payments of $33,238 and $3,229, respectively, have interest rates of 6% and maturity dates of August 2014 and December 2010, respectively. CONTINUED 76 NOTES TO FINANCIAL STATEMENTS (5) | JUNE 30, 2009 AND 2008 Land, Buildings and Equipment Land, buildings and equipment are summarized as follows at June 30, 2009 and 2008: 2009 Land and buildings Furniture, fixtures, and equipment $ 2008 11,987,491 __ _ 7,446,302_ 11,987,491 ___ 7,462,510_ 19,433,793 _ __ (6,893,627) Less accumulated depreciation $__ _____________ ___ 12,540,166 _____ 19,450,001 ___ (6,143,083) __ _____________ ___ _ 13,306,918 __ _____ (6) Long-Term Debt Long-term debt is summarized as follows at June 30, 2009 and 2008: 2009 Mississippi Business Finance Corporation, Variable Rate Revenue Bonds, Series 2002. Non-interest bearing unsecured note payable to a private foundation. Principal is payable as repayments are received from students. Non-interest bearing unsecured note payable to private foundation, paid in full July 2008. Less unamortized bond discount $ 2008 — 2,400,000 267,941 311,790 _________ —_ 267,941 __________ _ —_ __ __1,500,000_ 4,211,790 ___ (19,200) $__ _____________ ___ __ 267,941 _____ _ ____ _ _____________ 4,192,590 __ _____ In April 2002, the Foundation issued $6,000,000 in Series 2002 Variable Rate Revenue Bonds through the Mississippi Business Finance Corporation. The Foundation redeemed the bonds in November 2008. Interest expense incurred during the years ended June 30, 2009 and 2008 was $25,098 and $95,430, respectively. CONTINUED 77 NOTES TO FINANCIAL STATEMENTS (7) | JUNE 30, 2009 AND 2008 Net Assets Temporarily restricted and permanently restricted net assets at June 30, 2009 and 2008 were available for the following purposes: 2009 2008 Net assets Net assets Temporarily restricted General college support Student financial aid Temporarily restricted Permanently restricted $ 12,914,740 74,445,123 18,037,090 69,091,649 12,073,790 87,879,020 16,041,084 84,246,189 Research 1,010,879 16,297,408 1,674,467 16,211,370 Faculty and staff support 1,274,278 39,780,153 4,235,079 38,073,356 Facilities 4,808,804 7,915,287 4,537,033 7,810,145 _ _ 482,296 __ _2,186,023 ___ 950,163 __ 1,793,295 Other Total (8) Permanently restricted $__ _32,564,787 _ ___2_28,503,014 _____ __________ ___ __________ _ __ _45,474,916 __217,226,004 __ ___ __________ ___ ____________ Fair Value Measurements (a) Fair Value of Financial Instruments The carrying amounts reported in the statements of financial position for cash, other receivables, and accounts payable and accrued liabilities approximate fair value because of the immediate or short-term maturities of these financial instruments. The carrying amount of pledges receivable approximates fair value as they are presented on a discounted basis. The fair value of the notes receivable has been estimated using current interest rates and approximate the carrying amounts at June 30, 2009 and 2008. The fair value of the various debt instruments has been estimated using interest rates currently offered to the Foundation for borrowings having similar character, collateral and duration. The fair value of such debt instruments approximates the carrying amounts at June 30, 2009 and 2008. Investments and amounts due from externally managed trusts are reflected in the accompanying financial statements at fair value. The fair value of annuity obligations approximates carrying value at June 30, 2009 due to discount rates and actuarial assumptions used in the calculation of the Foundation’s liability. (b) Fair Value Hiearchy The Foundation adopted SFAS No. 157 on July 1, 2008 for fair value measurements of financial assets and financial liabilities and for fair value measurements of nonfinancial items that are recognized or disclosed at fair value in the financial statements on a recurring basis. SFAS No. 157 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: CONTINUED 78 NOTES TO FINANCIAL STATEMENTS | JUNE 30, 2009 AND 2008 • Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Foundation has the ability to access at the measurement date; • Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and • Level 3 inputs are unobservable inputs for the asset or liability. The level in the fair value hierarchy within which a fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The following is a summary of the levels within the fair value hierarchy as of June 30, 2009: Level 1 Assets: Investments $ Level 2 85,846,807 Level 3 53,952,100 _ Total 64,601,511 204,400,418 Present value of amounts due from externally ____ __ _ ___ — managed trusts _____ 26,986,042 ____ __ _ ___ — _____ 26,986,042 $ _ __ _ 85,846,807 _ __ _ _ 80,938,142 _ __ _ _ 64,601,511 _ ___ 231,386,460 __ ________________ __ ________________ __ ________________ _____ __________ ____ Changes to investments classified as Level 3 as of June 30, 2009 follows: Balance as of July 1, 2008 $ 72,756,984 Purchases/ sales (1,210,168) Net transfers Gains (losses) — (6,945,305) Balance as of June 30, 2009 64,601,511 Gains (losses) presented in the table above relate to assets held by the Foundation at June 30, 2009. Shares or units in investment funds as opposed to direct interests in the funds’ underlying holdings, which may be marketable, are classified as Level 2 or Level 3. Because the net asset value reported by each fund is used as a practical expedient to estimate the fair value of the Foundation’s interest therein, its classification in Level 2 is based on the Foundation’s ability to redeem its interest at or near the date of the statement of financial position. If the interest can be redeemed in the near term, the investment is classified in Level 2, otherwise the investment is classified in Level 3. The classification of investments in the fair value hierarchy is not necessarily an indication of the risks, liquidity, or degree of difficulty in estimating the fair value of each investment’s underlying assets and liabilities. (9) Leases The Foundation has entered into a lease agreement that expires August 2014 for the use of an airplane, with a guaranteed residual of $1,912,550, and other equipment under a capital lease agreement that expires in October 2013. Future minimum lease payments under the capital lease obligations are as follows: CONTINUED 79 NOTES TO FINANCIAL STATEMENTS | JUNE 30, 2009 AND 2008 Fiscal year: $ 2010 2011 2012 2013 2014 Thereafter Total future minimum lease payments Amount representing interest Present value of net minimum lease payments 458,938 458,938 458,938 458,938 458,938 _ ___ 1,256,652_ 3,551,342 ___ ____(375,989) $___–– _______ __3,175,353 ___ _____ ______ The equipment recorded under the capital lease agreement is included in property and equipment at original cost of $4,538,794 with accumulated depreciation of $1,592,438 and $1,252,060 as of June 30, 2009 and 2008, respectively. (10) Endowment The Foundation’s endowment consists of over 950 individual donor-restricted endowment funds established for a variety of purposes. As required by accounting principles generally accepted in the United States of America, net assets associated with endowment funds, including funds designated by the Board of Directors of the Foundation (the Board) to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions. (a) Interpretations of Relevant Law The Board has interpreted the State of Mississippi Code of 1972 §79-11-601 through §79-11-617 cited as the “Uniform Management of Institutional Funds Act” (UMIFA) as requiring the Board to use reasonable care, skill, and caution as exercised by a prudent investor, in considering the investment management and expenditures of endowment funds. In accordance with UMIFA, the Board may expend so much of an endowment fund as the Board determines to be prudent for the uses and purposes for which the endowment fund is established, consistent with the goal of conserving the long term purchasing power of the endowment fund. The Board considered the following factors in making its determination: 1) The purpose of the Foundation 2) The intent of the donor of the endowment fund 3) The terms of the applicable instrument 4) The long-term and short-term needs of the Foundation and the University in carrying out their purposes 5) General economic conditions CONTINUED 80 NOTES TO FINANCIAL STATEMENTS | JUNE 30, 2009 AND 2008 6) The possible effect of inflation or deflation 7) The other resources of the Foundation and the University 8) Perpetuation of the endowment As a result of this interpretation, the Board classifies as permanently restricted net assets (a) the original value of gifts donated to a permanent endowment, and (b) the original value of subsequent gifts to the permanent endowment. The remaining portion of the donor-restricted endowment fund that is not classified as permanently restricted net assets is classified as temporarily restricted net assets until those amounts are appropriated for expenditure in a manner consistent with the standard of prudence prescribed by UMIFA. However, by Board policy, any appreciation is considered an asset of each individual endowment fund and is not appropriated for general Foundation or University use. (b) Spending Policy The Foundation’s spending policy is designed to provide for positive growth in the market value of its endowment, net of distributions, over an extended period of time. In establishing this policy, the Board considered the long-term expected return of the endowment investment pool and the goal of maintaining the purchasing power of the endowment asset. Over the long term, the current spending policy is designed to return a net positive gain in market value (growth) after spendable transfers. The annual rate for spendable transfers, distributed semi-annually, is 4% of the investment pool’s average unit value over the most recent 24-month period. In addition, each endowed fund is assessed an annual 1% administrative fee. This fee is a portion of the funding mechanism for the development and alumni programs of the University. (c) Investment Policy The Foundation’s investment objectives are to provide a nominal annual return of 9% or more in order to preserve, or increase, the purchasing power of endowment capital, while generating an income stream to support activities of the funds held for the colleges and units of the University. This policy is designed to tolerate volatility in short and intermediate-term performance. The endowment assets are invested as a part of the investment pool, as discussed in note 2. To satisfy its long-term rate of return objectives, the pool embraces a total return strategy in which investment returns are achieved through both capital appreciation (realized and unrealized) and current yield (interest and dividends). The Foundation, through the Mississippi State Investment Pool, targets a diversified asset allocation that includes global equities, fixed income, natural resources, and hedge strategies to achieve long-term objectives within prudent risk constraints. CONTINUED 81 NOTES TO FINANCIAL STATEMENTS | JUNE 30, 2009 AND 2008 Endowment net asset composition by type of fund as of June 30, 2009: Unrestricted Donor-restricted endowment funds Board-designated endowment funds Total funds $ (22,080,786) ____ _ _9,190,015_ $ ____ ___( 12,890,771) __ __________ Temporarily restricted Permanently restricted Total 6,690,128 _ _—_ 228,503,014 _ _ _—_ 213,112,356 _____9,190,015_ ______ ___ 6,690,128_ __ __________ _______ 228,503,014_ ___ __________ __ _____ _222,302,371_ ___ __________ Total _ Changes in endowment net assets for the fiscal year ended June 30, 2009: Endowment net assets, beginning of year Investment return: Investment income Net depreciation (realized and unrealized) Total investment return Contributions Appropriation of endowment assets for expenditure Other changes: Transfers to create board-designed endowment funds Change in restrictions by donor Change in value of split interest agreements Endowment net assets, end of year $ Unrestricted Temporarily restricted Permanently restricted 9,156,069 24,306,972 217,226,004 250,689,045 360,823 ___(21,227,090) 4,700,675 ___(13,963,955) 4,219 ___ ___(336,742) 5,065,717 ___(35,527,787) (20,866,267) (9,263,280) (332,523) (30,462,070) — (2,290,573) 1,110,000 — — (8,353,564) — — 11,073,098 11,073,098 — (10,644,137) — 1,110,000 144,435 144,435 _____________—_ _____________—_ _______392,000_ _______392,000_ $____ (12,890,771) ___ ___ __________ ____ ___ ____6,690,128_ __________ _______ 228,503,014_ ___ __________ ____ 222,302,371_ ___ ___ __________ CONTINUED 82 NOTES TO FINANCIAL STATEMENTS | JUNE 30, 2009 AND 2008 Endowment net asset composition by type of fund as of June 30, 2008: Unrestricted Donor-restricted endowment funds Board-designated endowment funds Total funds Temporarily restricted Permanently restricted Total $ (1,015,890) ______10,171,959_ 24,306,972 _ _ _—_ 217,226,004 _ _ _—_ 240,517,086 _____10,171,959_ $ ___ _ _______ _ _9,156,069 __ ____ ___ __ 24,306,972_ __ ___ ___________ ___ _217,226,004_ __ ___ ___________ _______ __250,689,045_ __ __________ Total Changes in endowment net assets for the fiscal year ended June 30, 2008: Endowment net assets, beginning of year Investment return: Investment income Net appreciation (depreciation) (realized and unrealized) Total investment return Contributions Appropriation of endowment assets for expenditure Other changes: Change in restrictions by donor Change in value of split interest agreements Other Endowment net assets, end of year $ Unrestricted Temporarily restricted Permanently restricted 11,339,624 40,162,021 203,035,187 254,536,832 445,967 4,923,345 13,769 5,383,081 _____(1,908,589) ____(12,254,970) (1,462,622) (7,331,625) — (720,933) — — (8,523,424) — __ _____196,143_ 209,912 10,770,210 — ____(13,967,416) (8,584,335) 10,770,210 (9,244,357) (1,167,167) (1,167,167) — _____________—_ — _____________—_ 3,367,490 ______1,010,372_ 3,367,490 ______1,010,372_ $____ ________ 9,156,069_ ___ ___ ____ __ ______ _24,306,972 ___ ___________ __ ____ _217,226,004 ____ ___________ ___ ___ _250,689,045 ____ ___________ CONTINUED 83 NOTES TO FINANCIAL STATEMENTS | JUNE 30, 2009 AND 2008 (d) Funds with deficiencies As a result of market declines for certain recently established endowments, the fair value of certain donor-restricted endowments was less than the historical cost value (original gift/book value) of such funds (“underwater”) by $22,080,786 and $1,015,890 at June 30, 2009 and 2008, respectively. These losses have been recorded as reductions in unrestricted net assets in accordance with accounting principles generally accepted in the United States of America. Future gains will be used to restore this deficiency in unrestricted net assets before any net appreciation above the historical cost value of such funds increases temporarily restricted net assets. 84 WORKING TOWARD NEW GOALS | A NOTE FROM OUR BOARD Working Toward New Goals The faculty and administration of Mississippi State University are working to advance our university to its rightful place among the outstanding public universities in the nation. Fulfilling this goal will require financial support from alumni and friends, both in the form of endowments and as an on-going stream of annual contributions to support these efforts. In recent years, the generosity of alumni and friends has truly been remarkable. In this economy, we are particularly pleased that the third highest giving year in school history was achieved during FY 2008-09. Private gifts and pledges of future support tallied $61.5 million during the fiscal year, up 19 percent from FY 2007-08. Donors who gave with loyalty, pride and passion inspired others. Supporters of MSU possess a common desire to enhance lives through education and research. To all of our donors, we offer our sincere gratitude and appreciation. The Foundation’s recent accomplishments in support of the university’s mission to provide quality teaching, research and service have been exceptional. To that end, we are undertaking a new fundraising effort with confidence and enthusiasm. StatePride: An Initiative for Student and Faculty Support is already making a positive impact on the university. The initiative began in January 2009 and will continue through December 2012, as it seeks funds for need-based scholarships for deserving students and academic scholarships to compete for the best and brightest students. StatePride also will create opportunities for top performing faculty members. We hope you will explore giving through StatePride. Your continued loyalty, pride and passion will move Mississippi State forward. Sincerely, Richard C. Adkerson, ’69, ’70 President, MSU Foundation Board of Directors John P. Rush, ’94, ’02 MSU Vice President for Development and Alumni and Chief Executive Officer, MSU Foundation 85 Mississippi State University continues to be one of the most solid investments one can possibly make. The MSU Foundation remains accountable and dedicated to being good stewards of these investments. We exist to serve you, and others like you, who share a loyalty, pride and passion in the mission of our university. 87 2009 Board of Directors O F F I C E R S: PRESIDENT Richard C. Adkerson | President/CEO of Freeport-McMoRan Copper & Gold Inc., Phoenix, Ariz. VICE PRESIDENT James J. “Jim” Rouse | Vice President of ExxonMobil (retired), Houston, Texas TREASURER Hunter W. Henry Jr. | President of Dow Chemical USA (retired), San Marcos, Texas CHIEF EXECUTIVE OFFICER John P. Rush | Vice President for Development and Alumni, Mississippi State University CHIEF FINANCIAL OFFICER David D. Easley | Executive Director of Finance, Mississippi State University SECRETARY James V. “Bo” Hemphill | Executive Director of Development, Mississippi State University M E M B E R S: William B. Berry | Executive Vice President of ConocoPhillips (retired), Houston, Texas Gary A. Blair | Senior Vice President/Relationship Manager of Land Bank South, Brookhaven Hollis C. Cheek | President of Cheek Inc., Kosciusko Mary M. Childs | Vice President and COO of The Peoples Bank, Ripley Albert C. Clark | President of C. C. Clark Inc., Starkville Beth Clay | Owner of The Clay Firm, Meridian Johnny Crane | CEO of F.L. Crane & Sons Inc., Fulton John N. “Nutie” Dowdle | CEO of Dowdle Enterprises, Columbus Haley R. Fisackerly | President and CEO of Entergy Mississippi, Jackson Hassell H. Franklin | President and CEO of Franklin Corp., Houston, Miss. Linda M. Garrett | Principal of Garrett Associates Inc. (retired), Atlanta, Ga. S. Bryce Griffis | President of Sturgis Timber Co., Sturgis Jan Gwin | Managing Director of Morgan Keegan Co., Memphis, Tenn. A.P. “Jack” Hatcher | Chairman and CEO of Robertson-Ceco (retired), Pinehurst, N.C. W.G. “Mickey” Holliman Jr. | Chairman and CEO of Furniture Brands International (retired), Belden Larry E. Homan | President and CEO of Tri-State Lumber Co., Fulton Mark S. Jordan | Owner of Mark S. Jordan & Companies, Madison Lewis F. Mallory Jr. | Chairman and CEO of Cadence Bank, Starkville Bobby P. Martin | President and Chairman of The Peoples Bank, Ripley C.R. “Bob” Montgomery | Partner with Montgomery McGraw Collins and Rand PLLC, Canton Roderick A. Moore | Executive Vice President and CEO, Southern Farm Bureau Casualty Insurance (retired), Brandon Paul B. Murphy Jr. | CEO of Amegy Bank, Houston, Texas Hal Parker | President of Sunbelt Wholesale Supply, Bolton Richard Puckett | President of Puckett Machinery Co., Jackson Charles W. Ritter Jr. | President and CEO of The Attala Co. (retired), Kosciusko M. Diane Roberts | Professor of Business at Indiana University East (retired), Louisville, Ky. Richard Rula | President of Hemphill Construction Co., Jackson Mike Sanders | President and CEO of Jimmy Sanders Inc., Cleveland Allen K. Sills Jr. | Associate Professor of Neurosurgery at Vanderbilt University, Franklin, Tenn. John W. Starr Jr. | Periodontist of Golden Triangle Periodontal Center, Columbus W.A. “Lex” Taylor III | President of Taylor Machine Works Inc., Louisville ZonaDale Taylor | Independent management/business consultant, Collierville, Tenn. Douglas T. Terreson | Senior Managing Director of International Strategy and Investment, Fairhope, Ala. Floyd D. Wade Jr. | Owner of Wade Properties, Newton Turner A. Wingo | Real Estate Developer (retired), Collierville, Tenn. E. Bowden “Skip” Wyatt | Principal of Foil-Wyatt Architects, Jackson Charles A. Cascio | Alumni Association President, Cleveland John W. Chapman | Bulldog Club President, Brandon James K. Dossett | Legal Counsel, Jackson 88 M i s s i s si p p i S t a t e U n i v e r si t y F o u n d a t i o n Thank you . FOR YOUR LOYALTY, PRIDE & PASSION Thank you . FOR YOUR LOYALTY, PRIDE & PASSION A n n u a l R e p o r t 2 0 0 8 -2 0 0 9 Post Office Box 6149 | Mississippi State, MS 39762 | 662.325.7000 | www.msufoundation.com MISSISSIPPI STATE UNIVERSITY FOUNDATION Discrimination based upon race, color, religion, sex, national origin, age, disability, or veteran's status is a violation of federal and state law and MSU policy and will not be tolerated. Discrimination based upon sexual orientation or group affiliation is a violation of MSU policy and will not be tolerated. ANNUAL REPORT 2008-2009
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