It would meet institutional needs of the university that could not be supplied from state-appropriated funds, serve in proper and necessary capacities not authorized for the Board of Regents, and strengthen and maintain ties between the power structure of the city and the university. Colonel W.B. Bates, successor to Hugh Roy Cullen as chair of the UH Board of Regents, asked four prominent Houstonians closely identified with the university to join him as incorporators of the UH Foundation. The UH Foundation is operated for the advancement and general welfare of the educational programs of the University of Houston System and its components. The UH Foundation creates funds that help meet legitimate objectives not covered by tuition and state allocations. Fiduciary responsibility resides in its independent board of highly distinguished professional men and women.
Donors have the assurance that contributed funds receive proper and prudent over sight.