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The State University Foundation Is a Legally Separate, Tax-Exempt 501(c)(3)

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The State University Foundation is a legally separate, tax-exempt 501(c) (3) entity organized for the purpose of raising funds to provide scholarships only to academically qualified students at the State University. The existing university foundation board members elect new members of the board. The foundation provides scholarships to students of the State University, but the foundation receives no financial support from the university. The Foundation is an example of:


Definitions:

BMI Industries

A fictional or specific company name that does not represent a universally recognized key term without further context.

Bad News

Information that is undesirable, disappointing, or detrimental.

Typical Request

A typical request refers to a common or standard solicitation or appeal for information, action, or services in a business or communication context.

Apologize

To express regret for a mistake or wrongdoing.

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