Organized in 1979 as a non-profit Kentucky Corporation, the Morehead State University Foundation, Inc. provides private financial support to the University as a tax-exempt educational foundation under section 501(c)(3) of the Internal Revenue Code of the United States.
The MSU Foundation is a non-affiliated corporation recognized under Kentucky law as an entity dedicated to assisting the University but not controlled by the institution. As such, it reimburses the University for staff support, office space, utilities and other services under terms of a detailed operating agreement. The agreement also establishes the Foundation's fiduciary responsibilities for managing gift assets of the University.
The Mission of the Morehead State University Foundation, Inc. is:
- to prudently administer all assets of the Foundation and/or Morehead State University as provided by federal and state law and regulations and through fiduciary responsibility between the University and the Foundation,
- to promote educational purposes in connection with or at the request of the University by encouraging, sponsoring and supporting institutional priorities,
- to provide advice, consultation and support to the President and Board of Regents of Morehead State University, and
- to provide volunteer leadership to Morehead State University’s fund raising programs and to assist other institutional advancement efforts.