The University of Montana Foundation was established in 1951 on the belief that private financial support could greatly enhance excellence in public higher education. Today, the UM Foundation serves as the official development office for The University of Montana. It is a charitable non-profit organization under Internal Revenue Service 501(c)(3) designations. A 40-member Board of Trustees maintains fiduciary responsibility for the Foundation. The Foundation staff and Trustees work with University leaders to set priorities for development, build and maintain relationships with donors, and steward private assets. Donations made through the Foundation provide funding for scholarships, buildings and facilities, faculty positions, academic programs, the Mansfield Library, the Montana Museum of Art and Culture, athletics, and support for research. The Foundation contributed $13.5 million to the University during the 2009-2010 academic year. This includes $3.9 million for scholarships and awards, $5.7 million for academics and institutional support, and $3.9 million for facilities and equipment.
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