The Francis Marion University Foundation was organized in 1974 to provide a means for soliciting and accepting substantial gifts of money or property in order to build an endowment fund that would promote the educational purpose and welfare of Francis Marion University.
Since its establishment, the Foundation has enabled the University to meet a number of diverse needs that would be impossible to meet with state funds. Its primary focus has been to provide scholarship support for students. In addition, the Foundation has assisted faculty members by granting funds for professional development and sponsored various lecture series and cultural events.
The Francis Marion University Foundation is governed by an independent 35 member volunteer board of directors, with additional honorary and ex-officio directors, including the president of the university and other key administrators. Through its board and committee structure, the Foundation gives friends and alumni a personal involvement in the fundraising and asset management program.