Chartered by the State of Texas in 1972 as a nonprofit 501(c)3 corporation, the University of North Texas Foundation, Inc. is governed by a 25-member elected Board of Directors.

There are two major committees of the board, the Executive and the Investment committees. It is the Investment Committee that is charged with monitoring the investment performance of the portfolio. It meets with the investment consultant on a quarterly basis to review and discuss portfolio performance, which includes personal contact with each money manager at least annually, and a thorough review of market conditions, manager performance, asset allocation and any other situations that may impact the ability of the portfolio to perform as expected. The Board of Directors reviews recommendations from the Investment Committee and makes final decisions regarding the Investment Policy.