The resources of the Midwestern State University Foundation, Inc. allow the university to meet special needs which may not be supported through appropriations from the state of Texas. Examples are scholarships for deserving students, faculty research, and faculty and staff development programs.
Since its formation in 1960, the Foundation's total assets have grown to more than $15 million. This steady growth is a result of the Foundation's investment program and contributions from individuals, groups, and organizations committed to the continued growth of Midwestern State as a quality institution. The sole function of the Foundation is to support higher education at MSU, and its resources may be used for no other purpose.
What is the MSU Foundation, Inc.?
Midwestern State University Foundation, Inc. was chartered as an independent, tax-exempt foundation by the State of Texas on February 23, 1960. It is an incorporated, nonprofit organization developed solely for the benefit of Midwestern State University.
What is the purpose of the Foundation?
The Foundation was established for the purpose of receiving, holding, investing, and dispensing the proceeds of gifts made for the benefit of Midwestern State University. The Foundation assures donors that their gifts will be maintained and distributed in compliance with their individual wishes.
Who operates the Foundation?
The Foundation is governed by a board consisting of local supporters of MSU. The Board of Trustees is made up of individuals with a variety of educational and professional backgrounds. The Board is selected to serve the Foundation based on their professional area of expertise and they serve without any form of compensation.
How are Foundation gifts invested?
The Board has expertise in banking and finance and is responsible for determining the most favorable manner to invest and manage the MSU Foundation's assets and is responsible for the Foundation's investment portfolio. The Trustees seek to maintain a portfolio which promotes the growth of the fund's principal while protecting against inflation. This is accomplished by maintaining a balanced investment mix which produces the highest yield yet offers the lowest risk.
For additional information about the MSU Foundation, contact the Vice President for University Advancement and Public Affairs at (940) 397-4782.