Southwestern Oklahoma State University

Annual Report: Mission & History

Foundation Mission

The purpose of the Southwestern Oklahoma State University Foundation, Inc., is to benefit, support and enhance the development and objectives of Southwestern Oklahoma State University. The primary mission of the Foundation is to fund scholarships to students attending Southwestern Oklahoma State University and provide resources to supplement University resources that are required to sustain operations. The efforts of the Foundation to generate funds shall be in alignment with the academic needs and priorities of the University. The Foundation shall insure integrity to meet donor expectations.

History of the Foundation

The SWOSU Foundation, Inc. was founded May 19, 1977 for the purpose of educational and scientific research. The Foundation is governed by a board of trustees who manage and control all business and property. The purpose of the Foundation is exclusively scientific, charitable, educational and artistic for the benefit of Southwestern Oklahoma State University.

The primary function of the Foundation is to provide, maintain, and grant scholarships to the students of Southwestern Oklahoma State University. The Foundation also supports the programs offered by Southwestern. In the area of development, the Foundation must assess the special needs of the University as a whole.

Southwestern Oklahoma State University Foundation, Inc. is audited annually by a qualified auditing firm. The Board of Regents of Oklahoma Colleges conducts special interest audits. The Foundation is a nonprofit, 501 (c) (3) organization as determined by the Internal Revenue Service.