Responsibility for oversight of the assets of the foundation is placed with the KSU Foundation Board of Directors. However, because of the complexities related to real estate, the board of directors has charged the board of directors of its supporting organization, the KSU Charitable Real Estate Foundation (KSUCREF), with the responsibility for overseeing and assisting the foundation staff in the acquisition, management and disposition of real estate interests by both the KSUCREF and the foundation. The KSUCREF provides regular quarterly reports of its activities to the board of directors of the KSU Foundation.
Board of Directors & Officers of the KSUCREF
The governing body of the KSUCREF, which is a Board of Directors, consists of five individuals, the majority of which must be members of the KSU Foundation Board of Directors. The directors serve 3-year terms. The board meets on a quarterly basis, generally 3-4 weeks prior to the board meeting of the KSU Foundation, and the chairman and officers of the board are elected at the annual meeting of the board, which is typically the last quarterly meeting of the calendar year.
The officers of KSUCREF are also staff members of the KSU Foundation, and include a President/CEO, a Secretary/Treasurer and a Business officer. They serve at the pleasure of the board of directors.
Members of the Board of Directors and officers of KSUCREF
The members of the Board of Directors for FY17 are as follows:
Curt Frasier, Chairman
Lee Harris, Vice Chairman
The officers of KSUCREF are as follows:
Larry D. Fox, President/CEO
Deborah Depew, Secretary/Treasurer