KENTUCKY STATE UNIVERSITY

Required Supplementary Information

13. Kentucky State University Foundation, Inc., continued

g. Endowment Composition, continued

Changes in endowment net assets as of June 30, 2015 were as follows:

UnrestrictedTemporarily RestrictedPermanently RestrictedTotal Net Endowment Assets
Endowment net assets, beginning of year$ -$ 4,891,754$ 3,465,357$ 8,357,111
Contributions--126,439126,439
Interest and dividends-201,540-201,540
Realized and unrealized gains-174,583-174,583
Amounts appropriated for expenditure-(235,616)-(235,616)
Reclassifications--39,63239,632
Endowment net assets, end of year$ -$ 5,032,261$ 3,631,428$ 8,663,689