The Auburn University Foundation was established to develop, support and enhance the educational interests and programs of Auburn University. The Auburn University Foundation (Foundation) is a non-governmental nonprofit organization, separate and distinct from Auburn University. It receives charitable contributions for the benefit of Auburn University and Auburn University Montgomery. The Foundation assures that donations are kept separate from public funds, are invested in a prudent manner and are applied only as directed by the donor.
See form 990 page 7-8 https://auburngiving.org/financials/