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The Central State University Foundation, an official 501(c)(3) non-profit organization, is authorized by the IRS to receive, invest, manage, and dispose of gifts, bequests, art, cash and securities, and other contributions in accordance with the educational objectives of the University and the expressed wishes and desires of the donors.
The Foundation has a fiduciary responsibility to manage gifted funds consistent with CSU Foundation Board approved by-laws, IRS regulations, and the expressed purposes for which it was given. As such all gifts received are considered irrevocable and cannot be returned to the donor or transferred.
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