The Washington State University Foundation is created to “promote, accept, and maximize private support for programs, initiatives, and properties of Washington State University and its regional campuses” as well as manage, invest and steward the assets entrusted to it by WSU and alumni, friends, and donors.

By 1987, private giving to the university through WSU Foundation surpassed $9 million. Major gifts included Distinguished Professorships from the Kennedy family of Seattle and from five high-tech companies; $1 million from the Boeing Company and $1 million in computer equipment from AT&T.