Mission
Florida International University Foundation, Inc. (FIU Foundation) was established in 1969 to encourage, solicit, receive, and administer gifts for scientific, educational, and charitable purposes for the advancement of Florida International University and its objectives. It is registered by the State of Florida as a charitable organization and is approved by the U.S. Internal Revenue Service as a tax-exempt 501(c)(3) organization. The Foundation has also been certified as a Direct Support Organization (DSO) of Florida International University as defined in Florida Statute 1004.28. The FIU Foundation is a nonprofit organization guided by a committed Board of Directors, whose members play an essential role in fostering the University’s growth as a premier center for education, culture, and economic development. Through their dedication of time, leadership, and resources, the Directors actively support FIU’s mission, amplifying its positive impact on our communities and the world.
Business Governance
Florida International University Foundation, Inc. (FIU Foundation) was established in 1969 to encourage, solicit, receive, and administer gifts for scientific, educational, and charitable purposes for the advancement of Florida International University and its objectives. It is registered by the State of Florida as a charitable organization and is approved by the U.S. Internal Revenue Service as a tax-exempt 501(c)(3) organization. The Foundation has also been certified as a Direct Support Organization (DSO) of Florida International University as defined in Florida Statute 1004.28. The FIU Foundation is a non-profit corporation governed by a Board of Directors, whose members play a significant role in the development of the University as a major educational, cultural, and economic resource. Through the involvement of the Directors and their contribution of time, leadership, and financial resources, the mission of the University is advanced. The Foundation’s corporate affairs are managed by Kenneth Hall, Senior Vice President of University Advancement and Chief Executive Officer.
Business Office
The FIU Foundation is a direct support organization and a component unit of Florida International University, which is organized to encourage, solicit, receive, and administer gifts and bequests of property and funds for the advancement of Florida International University and its objectives. The FIU Foundation is registered by the State of Florida as a charitable organization and is approved by the U.S. Internal Revenue Service as a tax-exempt 501(c)(3) organization. The Foundation maintains its accounting in conformity with Generally Accepted Accounting Principles (GAAP). The year-end financial statements are prepared on the accrual basis of accounting and accordingly reflect all significant receivables, payables, and other liabilities. Revenues, expenses, gains, and losses are classified based on the existence or absence of donor-imposed restrictions.