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            "text": "KENTUCKY STATE UNIVERSITY",
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            "text": "Notes to the Financial Statements, continued",
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            "text": "13. Kentucky State University Foundation, Inc., continued",
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            "text": "c. Marketable Securities:",
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            "text": "Marketable securities as of June 30, 2012 and 2011 are as follows:"
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                    "text": "2012",
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                    "text": "Cost",
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                    "text": "Market Value",
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                    "text": "U.S. Government obligations\nEquity securities\nBonds and notes",
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            "text": "d. Federal Income Taxes:",
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            "text": "The Foundation is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code."
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            "text": "e. Summarized Financial Statements for the Year Ended June 30, 2011:",
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            "text": "The financial statements include certain prior year summarized comparative information in total but not by net asset class. Such information does not include sufficient detail to constitute a presentation in conformity with generally accepted accounting principles. Accordingly, such information should be read in conjunction with the Foundation’s financial statements for the year ended June 30, 2011 from which the summarized information was derived."
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            "text": "For the year ended June 30, 2012, net assets were released from donor restrictions by incurring expenses satisfying the purpose of the restrictions specified by donors as follows:"
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