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The UIC Foundation is a nonprofit philanthropic organization with the mission of improving the lives of the Iupiat shareholders of the Ukpeagvik Iupiat Corporation through education. ABOUT The UIC Foundation is a nonprofit philanthropic organization with the mission of improving the lives of the Iupiat shareholders of the Ukpeagvik Iupiat Corporation through education. The Foundation acknowledges that a solid education is key to success in any leadership role and it strives to develop tomorrows community state and corporate leaders by helping UIC shareholders and their descendants reach their educational goals. It pursues its mission by raising funds to provide scholarships.