BACKGROUND

The Cameron University Foundation, Inc. was founded March 22, 1972, for the purpose of collecting, administering, and disbursing gifts and endowments for the benefit and continuing support of Cameron University. The Foundation is a non-profit, 501(c)(3) organization as determined by the Internal Revenue Service.

The Foundation is governed by a Board of Directors composed of civic and business leaders. Foundation executive officers are elected by the Board and are charged with execution of all contracts, agreements, deeds, bonds, mortgages, and other obligations in the name of the corporation. Operations of the Foundation are guided by procedures and bylaws approved by the Board of Directors. Day-to-day operations of the Foundation are conducted by Cameron University employees acting on behalf of the Foundation, as directed by written policies.

Operational oversight is provided by the Foundation Executive Committee acting on behalf of the Board of Directors. The Executive Committee consists of the corporate officers and the officers of the Board of Directors. The Cameron University Foundation, Inc. is audited annually by a qualified auditing firm. Special interest audits are conducted by the University of Oklahoma, Cameron University, and Rogers State University Board of Regents audit offices.