Financials & Transparency
The University of Tennessee Foundation strives for transparency. Article IV of the Foundation’s Affiliation Agreement states that:
- Minutes of open Foundation Board meetings are available here.
- The Foundation will create an annual report (electronic or written).
- The Foundation will annually present a report to the University Board of Trustees.
- The Foundation will file an IRS 990 report and meet all applicable requirements.
All full board meetings of the Foundation will be open to the public except for executive sessions that shall include but not be limited to the following matters: litigation; audits or investigations; human resource issues; gift acceptance deliberations; board training; governance; donor strategy sessions; and security measures.