The Augusta State University Foundation, Inc. was incorporated in 1963 for the purpose of establishing and administering an endowment fund for the benefit of Augusta State University.

The Foundation is incorporated under the laws of the State of Georgia and is a non-profit organization as defined in Section 501(c)(3) of the Internal Revenue Code of 1954.

The purpose of the Foundation is to raise private support from individuals, corporations, foundations, and other to further the interests of Augusta State University. Other purposes of the Foundation are to establish and maintain endowments and provide the administration for handling all private support. The Foundation is located in the Maxwell Alumni House.