Fee hikes have been an unfortunate necessity causing an economic hardship for many students and families. Private funding is essential if the University is to continue offering superior academic programs for tomorrow s leaders. The Foundation s Board of Directors is composed of highly successful business, community, and educational leaders who volunteer their time to ensure the integrity of all financial decisions. The Foundation is audited by an external auditor each fiscal year. In most cases, the donor specifies how he or she would like the gift to be used.
Many contributors choose to support scholarship funds or other needs.
In other cases, donors opt to direct gifts to the University Fund. This gives the Foundation greater flexibility in helping students with worthy programs and in improving the educational quality of the institution. The Foundation invests all of the endowment funds it receives. Each year the Foundation appropriates five percent of endowment earnings to the specific areas that have endowments. Remaining earned income is reinvested for endowment growth.