March 26, 1999

A University and Its Own Foundation Battle Over Finances and Control

By JULIANNE BASINGER

U. of South Alabama has amassed a large endowment, but sees little in annual payouts

College rivalries usually involve two institutions. In this old port city, the rivalry is between the University of South Alabama and its own foundation.

The foundation is rich while the university is needy, and the bad blood between their leaders has led some here to worry about the prospects of the young campus.

In the 35 years since

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