"Since 1997, the Hearin organization has given the school $13.5 million in two, five-year grants. They are among the biggest grants to the business school, said Sandra Guest, vice president of the University Foundation, which receives all money given to the university.
The Hearin money will stop when the new fiscal year begins Saturday, said William F. Shughart II, an F.A.P. Barnard distinguished professor of economics and holder of the Robert M. Hearin Chair.
As a result, Shughart will lose a major part of his annual funding, including a pay raise he had to give back, summer research money and his operating budget.
Telecommunications analyst David Gilmore will lose his job."
Retiree 3 wrote: Isn't this the foundation that underwrote the only endowed professorship (albeit for only 2 years at a time) in liberal arts--the Moorman?
...The Moorman Professorship is supported by an endowment that originated with a Challenge Grant awarded to the Southern Miss Foundation in 1988 by the Phil Hardin Foundation of Meridian. A major contributor of matching funds for the challenge was the Southern Miss Alumni Association.....
The Hearin Foundation was established in the will of Robert M. Hearin Sr., the Mississippi Valley Gas Co. chairman and chief executive officer who died in 1992. The organization primarily supports the state's universities and colleges and economic development.