The Alabama A&M University Foundation was established to receive, hold, invest, manage, use, and administer property of all kinds, whether given absolutely or in trust, for the benefit of Alabama A&M University and its educational, research, cultural, public services, and support activities.
Essentially, the Foundation is the repository and manager of private gifts for Alabama A&M University. This includes gift reception, accounting, investment, and overall management while the university’s development operation raises the funds.
The Foundation also creates financial support partnerships with any university unit.
The AAMU Foundation is comprised of three components:
- the AAMU Foundation, Inc., which serves as a repository for departmental and other university accounts
- the Foundation LLC
- the University Trust, which handles the University's endowment and investment portfolio
A 15-person board of directors, which is chaired by the president of Alabama A&M University, governs the body.
The vice president for marketing, communications, and advancement serves as vice chair of the board.
The executive director manages the day-to-day operations, serves as the foundation’s chief executive officer, and is responsible for planning and coordinating programs and activities that support Foundation goals.