The following are a number of organizations that are legally distinct from The University of Iowa, but have purposes that benefit or are otherwise related to the University's mission.
3.1 THE UNIVERSITY OF IOWA ALUMNI ASSOCIATION.
(Amended 9/98; 12/10)
The University of Iowa Alumni Association is a 501(c)(3) nonprofit tax-exempt membership organization with over 53,000 members. It was formed in 1867 and is an organization dedicated to advancing The University of Iowa through a variety of communications, programs, and services. Its mission is to strengthen the University through alumni engagement.
3.2 THE UNIVERSITY OF IOWA FACILITIES CORPORATION.
The Facilities Corporation was incorporated in 1967 as a supporting organization of The University of Iowa Foundation to assist in maintaining, developing, increasing, and extending the facilities and services available to the University. The corporation acquires and holds property for the benefit and use of the University.
3.3 IOWA LAW SCHOOL FOUNDATION.
The Iowa Law School Foundation is an Iowa nonprofit corporation "organized to promote and develop the ability of the College of Law of The University of Iowa to train students for the legal profession, by promoting a close, mutual relationship between the College of Law and its alumni and by soliciting and receiving funds and other gifts to be used for such purposes as the purchase of books, equipment, and supplies for the College of Law, the endowment of scholarships to the College of Law for worthy students, the establishment of special facilities, including such things as special groups and lectures, of any and all types for the benefit of the College of Law, its faculty and students, and for such other purposes as will better enable the College of Law to perform its fundamental educational functions" (Article III, Articles of Incorporation of Iowa Law School Foundation).
3.4 IOWA MEASUREMENT RESEARCH FOUNDATION.
The purposes of the Iowa Measurement Research Foundation are to advance knowledge in the field of educational testing, to enrich the training of research workers in this field, and to support the development of measuring instruments of potential value to school personnel. The Foundation achieves these purposes through: 1) research grants to faculty of The University of Iowa College of Education; 2) support of test development and research projects of the Iowa Testing Programs; 3) subsidies for activities leading to enrichment of the graduate program in measurement of The University of Iowa; 4) maintenance of a library of standardized tests and other reference materials in the area of testing; and 5) support for activities which lead to the dissemination of research findings.
3.5 STUDENT PUBLICATIONS, INCORPORATED.
Student Publications, Inc. (SPI), is an educational non-profit corporation that runs and manages The Daily Iowan. Its Board of Trustees consists of three alumni of the University and The Daily Iowan newsroom, three University faculty members, two staff members, and six University students. The goals of SPI are to train journalists and to provide a newspaper for the University of Iowa community.
3.6 THE UNIVERSITY OF IOWA FOUNDATION.
(Amended 11/01; 7/13)
Note: Effective July 2013, this policy has been revised. For the most current version without redlining, return to I-3.6.
Incorporated Organized in 1956 as a nonprofit IRC Sec. 501(c)(3) organization, The University of Iowa Foundation is legally, organizationally, and operationally separate from The University of Iowa and is governed by an independent board of directors. The Foundation's purpose is to solicit, receive, and manage gifts to support research and educational activities at The University of Iowa. The Foundation's expenditures from gifts it receives are in most instances directed by donors' gift designations for specific uses benefiting the University. Expenditures from undesignated gifts are made for the benefit of the University under the direction of the Foundation's board of directors. The Foundations also holds, invests, and administers gifts it receives that donors have temporarily restricted or permanently endowed for particular uses. In connection with its activities, the Foundation adheres to the principles of the Code of Ethics of the Council for the Advancement and Support of Education. The University of Iowa recognizes the Foundation as an appropriate channel for the receipt of gifts intended to benefit the University.
(See V-3 Deposits and Expenditures of Funds; V-5.6 Gifts and Grants.)
3.7 THE UNIVERSITY OF IOWA HEALTH SYSTEM.
University of Iowa Health System is a nonprofit corporation organized and operated to support the clinical, academic, and research programs of The University of Iowa College of Medicine and The University of Iowa Hospitals and Clinics by developing a continuum of relationships with community health care providers that will allow each interested physician or hospital to relate to UIHS, through its subsidiaries, in a manner that best meets local needs. The Board of Directors consists of eight University of Iowa officials serving by virtue of their University office or at the pleasure of University officials, all of whom are accountable through the President of the University to the Board of Regents, State of Iowa. The business of UIHS is conducted primarily through subsidiary organizations established and controlled by UIHS. These organizations are responsible for developing and managing a network of affiliated community physicians and hospitals and providing needed services to these providers.
3.8 THE UNIVERSITY OF IOWA RESEARCH FOUNDATION.
The Foundation is tax exempt from federal income taxes under the provisions of Section 501(c)(3) of the Internal Revenue Code of 1954. It was organized for the purpose of encouraging and assisting investigation, research, and education at The University of Iowa. This is accomplished by obtaining and managing proprietary right in copyrights, patents, and licenses and by assisting in the commercial development of these technologies.
3.9 THE UNIVERSITY OF IOWA RESEARCH PARK
The University of Iowa Research Park Corporation is a not-for-profit organization incorporated in the State of Iowa on April 24, 1989. It was established to build a nucleus of businesses in Iowa that are drawn by the strengths of the University and the private sector. The Oakdale Research Park is part of the Corporation. The organization subleases portions of the Oakdale Research Park to tenants under operating lease agreements. The Corporation is exempt from payment of income taxes under Section 501(c)(2) of the Internal Revenue Code and similar section of the state income tax law. Pursuant to the provisions of Section 501(c)(2), the organization's net income is vested with The University of Iowa.