THE AFRICAN UNIVERSITY OF CREATIVE ARTS FOUNDATION INC.

 The African University of Creative Arts Foundation is a nonprofit PUBLIC BENEFIT CORPORATION and is not organized for the private gain of any person. It is organized under the Nonprofit Public Benefit Corporation Law for public purposes.  

The African University of Creative Arts Foundation will support and advance the missions of the new African University of Creative Arts AUCA by encouraging private philanthropy and providing leadership to assure AUCAs place as a preeminent global institution.

The specific purposes of The AUCA Foundation are to :

1. Foster, encourage and promote the educational, artistic, creative, literary, cultural and charitable purposes of the African University of Creative Arts. 
2. Serve as the campus foundation African University of Creative Arts
    
3. Provide leadership for philanthropy in support of AUCA
    
4.  Provide fiduciary oversight of the investment of assets managed for the benefit of AUCA and its affiliates in compliance with all relevant laws
    
5. Determine endowment spending policies for funds under its control
    
6. Provide advice and counsel to the Chancellor of AUCA regarding matters affecting AUCA and advancement of its mission and
    
7. Engage in and carry on any other activity in any manner connected with or incidental to, or calculated to promote, assist aid or accomplish any of the aforesaid purposes 

The Foundation will be a critically important volunteer body that will be affiliated with the new University and serve as the University's primary vehicle for enlisting fundraising volunteers from the private sector.

The Foundation will ensure that there is a long term commitment to the campus fundraising program.

The Foundation will be governed by a Board of Directors composed of professional business religious and philanthropic leaders dedicated to promoting the University's pursuits of teaching research and public service.

The Board of Directors will assist the University in securing gifts, trusts, and bequests to nourish programs throughout the campus.

Through a variety of committees and task forces the Board of Directors will support and advise on a broad spectrum of fundraising programs and activities 

It will also manage the Foundations endowment funds and oversees the Foundations trusts.