The Elizabeth City State University Foundation-A Blended Component Unit of ECSU
Although legally separate, Elizabeth City State University Foundation, Inc. and Subsidiary, is a component unit of the University and is reported as if it were a part of the University. The Foundation is governed by a 25-member board consisting of 13 ex-officio directors and 11 elected directors. The Foundation's purpose is to aid, support and promote teaching, research and service in the various educational, scientific, scholarly, professional, artistic and creative endeavors of the University. Because the elected directors of the Foundation are appointed by the members of the Elizabeth City State University Board of trustees and the Foundation's sole purpose is to benefit Elizabeth City State University, its financial statements are blended with those of the University.