HCF is established for the sole purpose of soliciting, managing and distributing private gifts and donations given for the benefit of the UH athletics HCF is established for the sole purpose of soliciting, managing and distributing private gifts and donations given for the benefit of the UH Athletics. AS A SUPPORT ORGANIZATION FOR THE UNIVERSITY OF HOUSTON, THE FOUNDATION PROMOTES EDUCATION THROUGH ATHLETICS, HELPS THE UNIVERSITY OF HOUSTON DEPARTMENT OF INTERCOLLEGIATE ATHLETICS ATTAIN FISCAL STABILITY, HELPS TO ATTAIN A REDUCTION IN THE ATHLETICS BUDGET SUBSIDY BY THE UNIVERSITY, PROMOTES RECOGNITION OF FORMER STUDENT-ATHLETES AND PROMOTES FUTURE PARTICIPATION IN THE UNIVERSITY OF HOUSTON.