The UAB Educational Foundation was
created in August, 1965, as "The University of Alabama Medical
Foundation". In 1974, its name was changed to "The University of Alabama
in Birmingham Medical and Educational Foundation". In 1991, the name
was changed to "The UAB Educational Foundation".
Original Founders and board members were:
Dr. Frank A. Rose
Dr. Joseph F. Volker
Mr. Ehney A. Camp, Jr.
The Foundation was organized for the sole benefit of the University of
Alabama at Birmingham (UAB). The Foundation provides funds and certain facilities to UAB for its educational and scientific functions and
provides support for UAB athletic programs. The foundation is exempt
from federal income tax under Section 501(c)(3) and is an organization
described in Section 170(c)(2) of the United States Internal Revenue
Code (not a private foundation). It is controlled by the majority vote
of the board. Currently, only the President
can nominate potential new board members, with the whole board then
voting on the new member. If the Foundation is dissolved, all of its
assets must be transferred to UAB. |
