Okla. Stat. tit. 70, § 70-3907: College and university related foundations - Priorities

and guidelines for use of unrestricted income.

It is the intent of the Legislature that trustees of college-

and university-related foundations establish priorities and

guidelines for the use of unrestricted income. It is the further

intent of the Legislature that unrestricted income be used

exclusively for the enrichment of the academic programs and purposes

of the institution or institutions to which such foundation is

related.