Organized in 1961, the Oklahoma State University Foundation has been designated by the Oklahoma State University Board of Regents as the official fund raising organization to receive private gifts for the University. The Oklahoma State University Foundation is a not-for-profit corporation organized under the General Corporation Act of the State of Oklahoma.
The Foundation has qualified as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended. Gifts made to the Foundation are deemed to be made to a qualified organization and are deductible under Section 170 of the Internal Revenue Code. The Foundation is a separate and distinct legal entity from Oklahoma State University.