Winston-Salem State University Foundation Incorporated
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Mission Statement
The mission of the Winston-Salem State University Foundation, Inc. is to foster and promote the growth, progress, and general well-being of the university. The Foundation is operated for the charitable, educational, literary, and scientific purposes for the direct benefit of the university
About This Cause
The purpose of the Foundation is, acting on its own or through affiliates, to support and assist Winston-Salem State University in its activities by management and administration of Foundation assets and by developing, financing, constructing, acquiring and operating facilities for or on behalf of the University. Why it is important to have the Foundation An independent, nonprofit foundation partner results in greater fundraising efficiencies and benefits for the university. The Foundation has the autonomy to: •Manage and control private fund accounts •Accept and sell property •Exercise flexibility in short-term investment options intended for near-term expenditures and in determining investment opportunities for endowment assets •Observe a long-term perspective on the needs and priorities of WSSU •Recruit and organize volunteers to participate in fund raising Additionally, as funding support from the state of North Carolina continues to be constrained the importance of private gifts as a revenue source grows. Governance The Foundation is governed by a board of directors comprised of members of the local community, alumni, and university administrators. The board oversees how the Foundation raises money, how it invests donations, and how it distributes grants. The board also advises and supports other activities of the Foundation designed to further the interests of WSSU.