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Founded in 1936, the University of Nebraska Foundation is a private, nonprofit corporation that secures financial support for campuses of the University of Nebraska. The foundation helps alumni, friends, companies and other foundations to support programs at the university. It encourages private financial support from individuals, corporations and other foundations. The University of Nebraska Foundation oversees the distribution of gifts and interest earned from its endowed funds. The foundation offers scholarship programs for students. It also organizes several fundraising activities.