The UMW Foundation is an independent and separately incorporated 501(c)(3) organization and is responsible for receiving, managing, and administering donations of cash, securities, real and intellectual property, and other private resources for the support of the University of Mary Washington; and managing such gifts in accordance with donor intent and its fiduciary responsibilities. The Foundation retains personnel experienced in planning for and managing private contributions and works with the University to assist and advise in such activities. The Foundation strives to partner with the University and engage the region by demonstrating leadership in the areas of economic development, commerce, urban renewal, and civic responsibility, always being mindful to build a positive image for the University and highlight its significant role in the community when possible.