The Florida Technological University Foundation, Inc. began in 1968, and is currently classified as a 501(c)(3) non-profit organization. According to its mission statement, the Foundation aids in the forging of relationships between the university and its alumni, faculty, staff, and the surrounding community. This aim is achieved through mutual participation in advancing distinguished programs and scholarship within the university. When FTU changed its name to the University of Central Florida, the foundation followed suit and became the UCF Foundation, Inc. in 1978. The foundation supports all aspects of fund-raising for the university from small amounts to large bequests.
The foundation's primary governing body is its Board of Directors, previously known as the Board of Trustees. There are a minimum of five officers within the foundation's government. These are the President, Vice-President, Executive Director, Secretary, and Treasurer. The Board is comprised of leaders in local business, politics, journalism, healthcare, and law, as well as University Presidents from past and present. An Executive Committee exercises the authority of the Board of Directors. Its members include Foundation officers, university officials, Board of Directors members, and the Chairs of other Foundation committees. These committees handle specific needs of the Foundation such as audit and finance, investment, development, awareness, stewardships, and trusteeships.
From the guide to the UCF Foundation, Inc., Records, 1968-2002, (Special Collections and University Archives, University of Central Florida Libraries, )
