The primary purpose of the arkansas state university system foundation, INC. (the foundation) is to receive, solicit, accept and hold, administer, invest and disburse ANY and every kind of property for such education, scientific, literary, research and service activities from individuals and organizations, including foundations, government agencies, and private businesses, to support the corporation's activities, and it shall manage endowments given to the corporation for the benefit of ALL the arkansas state university system campuses operations, sites and facilities.