The Southern Illinois University Foundation takes great pride in stewarding the private gifts raised to support Southern Illinois University by acting in a fiduciary capacity when funds are received and expending money as required by the terms of the gift. Financial reporting provided by stewardship supplies donors with information regarding how investment funds have progressed over the last year, summarizing capital value and performance.
The financial and investment operations of the SIU Foundation are under the direct oversight of the Foundation Board of Directors. Investment decisions are made by the Investment Committee, all of whom are volunteers, in coordination with an outside independent consulting firm hired as an advisor to assist in the process. The invested funds are managed by professional investors whose performance is reviewed quarterly by the Investment Committee.
The SIU Foundation financial statements are audited annually by an independent audit firm in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. The independent auditors report directly to the SIU Foundation Audit Committee and to the Auditor General.
The SIU Foundation exists for the primary purpose of aiding and assisting SIU in achieving its educational, research, and service goals and responsibilities. We seek positive outcomes and relationships that will address the needs of our donors and friends as well as the development priorities of the University.