and represent the state's three Supreme Court Districts. The board appoints the commissioner of higher education, who administers its policies.
=== Finances ===
As of April 2021, the University of Mississippi's endowment was $775 million. The university's budget for fiscal year 2019 was over $540 million. Less than 13% of operating revenues are funded by the state of Mississippi, and the university relies heavily on private donations. The Ford Foundation has donated nearly $65 million to the Oxford campus and UMMC.
== Academics ==
The University of Mississippi is the state's largest university by enrollment and is considered the state's flagship university. In 2015, the student-faculty ratio was 19:1. Of its classes, 47.4 percent have fewer than 20 students. The most popular subjects include marketing, education and teaching, accountancy, finance, pharmaceutical sciences, and administration. To receive a bachelor's degree, students must have at least 120 semester hours with passing grades and a cumulative …
