Jan. 20, 2026 — As we enter the third year of our five‑year ASCEND Strategic Plan, we remain deeply committed to ensuring that every University of Memphis affiliated foundation is positioned to operate at the level of the nation’s leading higher‑education foundations — governance and fiduciary excellence, strategic and mission focused, and aligned with the priorities of our institution.
In June 2025, the University of Memphis Board of Trustees approved a new policy establishing a unified framework for all university‑affiliated foundations. This framework ensures consistent performance standards, enhanced accountability, and a shared commitment to excellence. We are pleased to share that the University of Memphis Foundation (UMF), the Memphis Athletic Foundation (MAF), and the newly established University of Memphis Real Estate Foundation (UMREF) are now fully aligned under this model.
University of Memphis Foundation (UMF)
Chartered in 1964, the University of Memphis Foundation is a not‑for‑profit, tax‑exempt corporation created exclusively to support the University of Memphis. The Foundation accepts, manages, and distributes private support in direct alignment with the University’s mission and strategic priorities and donor intent.
UMF operates under the leadership of Tara Jones, Senior Vice President for Advancement and President of the University of Memphis Foundation. We are pleased to announce the new UMF Board of Directors: Marty Kelman (chair), Rene Bustamante, Michael Cook, Dr. Tommie Dunavant, Dr. Bill Hardgrave, Michael Keeney, Samuel Pieh, Jeff Presley, David Wedaman and Chris Winton.
Memphis Athletic Foundation (MAF)
The Memphis Athletic Foundation exists to elevate the experience and success of Memphis Tiger student‑athletes. Through philanthropic support, the MAF advances academic achievement, athletic performance, leadership development, annual operational needs, strategic facility enhancements and sport‑specific initiatives.
MAF operates under the leadership of Cooper Jones, Deputy Athletics Director and Chief Revenue Officer. We are pleased to announce the new MAF board members: Rick Spell (chair), Ashley Argo, Rene Bustamante, Dr. Bill Hardgrave, John Hartney, Donna Humphreys, Wes Kraker, Clay Presley, Dr. Ed Scott and Fred Towler.
University of Memphis Real Estate Foundation (UMREF)
The University of Memphis Real Estate Foundation is the newest addition to our foundation ecosystem and will operate under an executive director to be named in the coming months. The UMREF supports the University’s long-term physical and strategic growth through responsible real estate stewardship that balances institutional priorities, donor intent, financial viability and community considerations.
Looking Ahead
The alignment of our foundations marks a significant milestone in our ASCEND plan. We are energized by the shared commitment of our foundation boards, University leadership, faculty, staff, and generous donors. Together, we are building a stronger, more innovative, and more resilient University of Memphis — one that ensures a successful outcome for every student.
Media Contact:
Parker King, Assistant Director
University Media and Public Relations
University of Memphis
tpking1@memphis.edu
