Towson University Foundation, Inc. was established in 1970 as a 501 (c) (3) non-profit corporation in order to manage gifts and other funds received for the benefit of Towson University. The Foundation is organized to receive, hold, invest, manage, use, dispose of and administer property of all kinds whether given absolutely, in trust or by way of agency or otherwise for the benefit and promotion of the university or for all of the education and support activities that may be conducted by the university.