4.1 The University of Iowa Center for Advancement
The University of Iowa Center for Advancement (“UI Center for Advancement”) is an operational name for the State University of Iowa Foundation. The UI Center for Advancement is an independent, Iowa nonprofit corporation organized as a 501(c)(3) tax-exempt, publicly supported charitable entity that works with The University of Iowa to advance the University’s missions. The UI Center for Advancement is legally, organizationally, and operationally separate from the University and is governed by an independent board of directors. The UI Center for Advancement’s purpose is to advance The University of Iowa through engagement and philanthropy by 1) soliciting, receiving, and managing charitable gifts for the benefit of and use by the University; and 2) strengthening ties with the University by engaging alumni, fans, friends, students, parents, donors, and patients through programming, events, and opportunities to give back.
The UI Center for Advancement’s expenditures from gifts it receives are in most instances directed by donors’ gift designations for specific uses benefiting the University. The University recognizes the UI Center for Advancement as an appropriate and preferred channel for the receipt of gifts intended to benefit the University.