Statement of Purpose: The USF Foundation is a private, not-for-profit corporation chartered pursuant to Florida law as the legal conduit for the solicitation, acceptance, investment and distribution of all private gifts made to the University of South Florida. The USF Foundation promotes higher education in general, and specifically encourages the advancement of teaching, research and public service through private support for the University's academic and student development endeavors.

Impact Summary from the Nonprofit The University of South Florida has a $1.8 billion annual budget, an annual impact of $3.2 billion and serves more than 46,000 students on campuses in Tampa, St. Petersburg, and Sarasota-Manatee. USF Sarasota-Manatee (USFSM) has had three key accomplishments over the past year. In June, 2011, USFSM was awarded separate accreditation by the Southern Association of Colleges andSchools (SACS). This means USFSM will be able to design new programs, grant our own degrees, make faculty decisions, award diplomas, and have all advising, admissions and financial decisions here instead of in Tampa. The second most significant accomplishment is the decision to welcome freshmen to our campus in the fall of 2013, expanding from upper division only to a full four-year institution. The third most significant accomplishment is the partnership between USFSM and Mote Marine Laboratory. USFSM will complete the renovation of classrooms and teaching laboratories, to include dry teaching labs, wet teaching labs, a lab support room, two research labs, offices, two academic support rooms, and a lounge. Working together, USFSM and Mote will also create new joint appointments for Mote researchers who will serve as faculty and will allow USFSM faculty and students to work closely with Mote staff on research programs and initiatives under way at Mote. USFSM's top three goals include funding the renovation of Mote facilities to build science labs, expanding faculty and programs to meet incoming freshmen needs, and expanding facilities to meet the needs of a four-year university, to include a new academic building, student center, dormitory, and athletic fields to offer students a robust university experience.