The University of North Alabama Foundation was chartered in 1980 as a non-profit, self-financed Alabama corporation to operate within the framework of the University of North Alabama, but to operate without State funds. It was established to assist the University in acquiring external funding and acts as a receptor and steward of private gifts. Because the UNA Foundation is qualified under section 501 (c) (3) of the Internal Revenue Code, all gifts made to the UNA Foundation qualify for full charitable gift consideration.