Incorporated in 2005, the Arch Foundation is organized as a private, non-profit corporation with a board of directors. It receives gifts from individuals, corporations and foundations and administers such gifts in accordance with the instructions of the donors. In this way, the foundation facilitates the use of private resources to help the university attain levels of excellence that are not possible with state funding alone. Among many objectives, gifts to the Arch Foundation are used to provide scholarships for superior students, to support distinguished faculty scholars, to strengthen research and teaching programs, and to build vitally needed facilities.