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FOUNDATIONS

The Foundation of The University of North Carolina at Charlotte, Inc. and The Athletic Foundationof The University of North Carolina at Charlotte are two chartered bodies specifically establishedand authorized to accept gifts from private sources for the benefit of the University.

Please see Policy Statement #28 – Solicitation and Acceptance of Gifts

The Office of The Foundation and Other Entities administer funds received through these twoFoundations whose common purpose it is to further the educational goals of The University ofNorth Carolina at Charlotte. The staff is responsible for the maintenance and performance allall accounting and tax functions for these two independent corporate entities. Each corporation isorganized under Chapter 55A of the General Statues of North Carolina and is a tax-exemptorganization under Section 501(c)(3) of the Internal Revenue Code. Therefore, gifts or contributionsto either entity meeting the requirements of the Internal Revenue Code under Section 170 willqualify as a tax deductible contribution.

OTHER ENTITIES

The Office of The Foundation and Other Entities staff also perform the accounting and tax functionsfor University Research Park, Incorporated which was organized to foster and stimulate the physical,economic and social growth and development of Charlotte and Mecklenburg County to benefit itscitizens. The staff also offers accounting support to The Ben Craig Center, Inc. which was organizedto develop the entrepreneurial potential of Charlotte and Mecklenburg County by developing a favorable environment for the formation of new businesses. These efforts undertaken to developthe growth of Charlotte and Mecklenburg County are extremely important factors to the local community from which the University seeks its students and therefore, greatly benefits the University.