AFIT Foundation

The AFIT Foundation is a private organization founded in 1986. It is a tax-exempt, not-for-profit corporation, incorporated in the State of Ohio for the purpose of furthering the goals of the Air Force Institute of Technology. The Foundation consists of a Board of Trustees and the Association of Graduates. The Board of Trustees is the governing bod... y of the Foundation. The Foundation is a non-federal entity within the context of the DoD Joint Ethics Regulation (JER). Section 1-224. The Mission of the AFIT Foundation is to support the goals of AFIT. Functions performed by the foundation to perform this mission include: Informing the alumni, former faculty, and friends everywhere of the mission, status, goals, and achievements of AFIT; and of its roles in the community, the Air Force, and in defense-related education. Management of the Distinguished Speaker Series. Organizing activities for local alumni. Maintenance and investment of donated and honorary award funds, endowments, and foundation dues. Compliance with tax requirements and maintenance of financial records. Motivated by concerns regarding involvement of Air Force active duty and civilian personnel in the management of private, non-profit organizations, the members of the Association of Graduates voted in 1989 to merge with the Foundation. Managerial functions are performed by the Foundation Board, which must include representation from the AOG. Members of the Board of Trustees are elected by the Board, and may be AFIT graduates, former faculty, or friends of AFIT with a strong interest and commitment to the Air Force Institute of Technology.Read More