There are three different kinds of funds you can establish through the KSU Foundation: Expendable funds, permanently endowed funds, and quasi-endowed funds. To explore more about how these funds are administered, visit the Our Financials section of this Web site. To establish a fund, please contact a development professional associated with the K-State college you would like to benefit.
Expendable funds are available immediately for use by the designated college or department. Expendable contributions are invested in the expendable pool. Earnings are retained by the foundation to cover the expense of fund administration. To learn more about expendable funds, click here .
Permanently endowed funds are started with a $25,000 minimum contribution. The principal is never invaded; only earnings are distributed. The distribution to purpose is adjusted annually for inflation, but is always between 3 and 5 percent of market value. To learn more about endowed funds, see our distribution policy.
Quasi-endowed contributions are received and invested in the same manner as permanently endowed contributions and share the same endowment pool operating costs. They differ from permanently endowed funds in that distributions may continue when a quasi-endowed fund is “underwater,” meaning that the market value is less than the original contributed value. To learn more about quasi-endowed funds, see our distribution policy.
Permanently endowed funds are started with a $25,000 minimum contribution.
Establishing an expendable fund may be an option for you. To learn more about expendable funds, see our distribution policy or contact a development professional associated with the K-State college you would like to benefit from your fund.
Each college has a scholarship committee composed of faculty and staff that match scholarship recipients to available scholarships. These choices are then forwarded to the Office of Student Financial Assistance to be awarded to the students. The Office of Student Financial Assistance is the governing body responsible for making sure the scholarship awards falls within federal guidelines for financial aid awarded to students.
Based on IRS ruling on charitable giving (IRS Pub 526), a donor may not direct funds that have been given as a charitable contribution.
A Memorandum of Understanding is a legally binding document between the donor and the KSU Foundation outlining the purpose and type of fund, how funds will be contributed and any eligibility or use of funds requirements. A member of the KSU Foundation development staff will work with the donor to prepare this document.
Yes, we can prepare what is know as a superseding MOU if you wish to change items that would significantly alter the awarding or use of the fund. A member of the KSU Foundation development staff will work with you to make those changes.