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Article I. Purpose and Activities

Section 1. Purpose

The purpose of the University of North Florida Foundation, Inc. is to support and enhance the University of North Florida by creating awareness, building relationships, securing private support, recognizing donors, accepting gifts on behalf of the University and performing all business-related matters to accomplish these purposes.

Section 2. Activities

Activities of the Foundation shall be established by the Foundation Board, consistent with the Articles of Incorporation, Bylaws, and applicable state and federal regulatory provisions. These activities shall include, but will not be limited to: developing a program of advisement for the President of the University and the University of North Florida Board of Trustees (“Trustee Board”); creating a bridge between the University and the political, cultural, civic and economic communities; enriching programs for students; managing Foundation assets; and assisting the University in securing private funds through programs of annual and planned giving, in order to assist the University in fulfilling its mission.

Section 3. Goverance

The affairs of the Foundation shall be managed by and under the direction of the Foundation Board of Directors (“Foundation Board” or “the Board”) and by various officers and committees of the Board as powers may be delegated to such officers and committees by these Bylaws or by Resolution of the Directors. Members of the Board shall be the sole voting members of the Foundation and shall be called “Directors”.