Organized in 1956 as a nonprofit IRC Sec. 501(c)(3) organization, The University of Iowa Foundation is legally, organizationally, and operationally separate from The University of Iowa and is governed by an independent board of directors. The Foundation's purpose is to solicit, receive, and manage gifts to support research and educational activities at The University of Iowa. The Foundation's expenditures from gifts it receives are in most instances directed by donors' gift designations for specific uses benefiting the University. In connection with its activities, the Foundation adheres to the principles of the Code of Ethics of the Council for the Advancement and Support of Education. The University of Iowa recognizes the Foundation as an appropriate channel for the receipt of gifts intended to benefit the University.
(Amended 11/01; 7/13)