The University of Oklahoma Foundation, Inc. is an independent, not-for-profit corporation that encourages and supports charitable giving for the benefit of the University of Oklahoma. The Foundation acts as the principal organization through which those gifts are made and administered for the benefit of the University. The sole reason for its existence is to serve the University and the generous donors who support the University. The general categories of private support include: Facilities Scholarships and fellowships Faculty support through salary supplements and awards Equipment for both teaching and research Library acquisitions