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            "text": "INTERNAL ENDOWMENT AGREEMENT",
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            "text": "ENDOWED FUND/PROGRAM/SCHOLARSHIP NAME",
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            "text": "This Agreement (the \"Agreement\") is made and entered into on _____(the \"Effective Date\") by and between _____, in their capacity as _____(hereinafter \"Administrator\"), and Kentucky State University (hereinafter \"University\").",
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                    "text": "___ [Fund]. The University received a charitable contribution totaling $___ to establish and support an endowed “___ Fund” [in ___](hereinafter “Fund”). Individuals, organizations, or business entities may make additional charitable contributions to the Fund at any time. The University shall receive and administer such charitable contributions in accordance with the terms of this Agreement, the policies of the University, and all applicable regulations and laws.",
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                                "label": "1.   [Fund]. The University received a charitable contribution totaling $",
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                                "label": "to establish and support an endowed “  Fund” [in  ](hereinafter “Fund”)",
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                    "text": "___ [Award Program]. The Fund shall be used at the discretion of the ___ to create and support a ___ Award Program in ___ (the “Program”). The Program will include a ___ Award to recognize individuals who personify goodwill and demonstrate, through their work, service, mission and spirit, a dedication to the Commonwealth of Kentucky and its residents. ___ Award recipient(s) will receive an award medallion, and a one-time monetary donation will be made in their name to an existing University fund of their choice. ___ shall be the inaugural recipient of the ___. Thereafter, a nomination committee (the “Committee”) appointed by ___ shall review nominations to select up to three (3) nominees for final selection by the President of the University. The Committee shall also recommend for the President of the University’s approval the monetary donation amount, which amount shall not exceed the Fund’s annual available spending distribution. The ___ Fund may also be used to support, among other things, costs, fees, and expenses for the Program’s reception/banquet, speaker(s) and honorarium/gift(s), and/or other fees, costs and expenses related to the Program. All such uses shall be in accordance with the normal operations, policies, procedures, regulations and guidelines of the University.",
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                                "label": "2.   [Award Program]. The Fund shall be used at the discretion of the",
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                                "label": "to create and support a   Award Program in  (the “Program”). The",
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                                "label": "Program will include a   Award to recognize individuals who personify goodwill and",
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                                "label": "Commonwealth of Kentucky and its residents.   Award recipient(s) will receive an",
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                                "label": "University fund of their choice.   shall be the inaugural recipient of the",
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                                "label": "Thereafter, a nomination committee (the “Committee”) appointed by   shall",
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                                "label": "available spending distribution. The   Fund may also be used to support, among",
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                    "text": "No Donor Control; No Donor Benefit. Faculty and staff of the University who have contributed to the Fund shall not be a part of the award selection committee referenced above, and they shall not have control of, or direct the uses of, the contributions made pursuant to this Agreement. The University will ensure that donors to the Fund will not receive any benefit from the University, whether direct or indirect, for making their contribution(s) and will not have majority say in the disbursement of funds.",
                    "marker": "3."
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                {
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                    "text": "Endowment Policies. The University shall invest, manage, and administer the Fund in accordance with the University's endowment investment and spending policies approved by the University's Board of Regents. Any unused spending distribution may be returned to the Fund following established protocols and procedures.",
                    "marker": "4."
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                    "text": "Stewardship Reports. The University agrees, upon request, to provide annual stewardship reports to Fund donor(s) regarding the specific uses of contributions made pursuant to this Agreement upon request.",
                    "marker": "5."
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                    "text": "Publicity. The University may publicize this agreement and expenditures of the fund. Publicity may include, but is not limited to, University communications, which may be",
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