As a public charitable organization, the OSU Foundation is able to provide tax incentives to donors and friends of Oregon State University. Through private financial assistance, the Oregon State University Foundation is better able to serve the University's students and faculty as well as the citizens of the state, nation, and international community. The OSU Foundation supports the fundraising efforts, donor recognition, and asset management needs of its affiliates and the individual colleges and programs of Oregon State University. Funds raised by the programs are accounted for separately and audited annually by an outside accounting firm. Activities of the OSU Foundation are directed by a Board of Governors .
Board members are business, professional, and civic leaders.
They are alumni and friends who have shown a strong interest in enriching educational opportunities at Oregon State University.