Investment_and_Spending_Policy.pdf — PaddleOCR-VL (Baidu)

Policies and Regulations

POLICY TITLE:

Investment & Spending of Endowment Assets

APPLIES TO:

Faculty, Staff, Students, and KSU-Affiliated Foundations (Including the KSU Thorobreds Foundation, Inc.)

ADMINISTRATIVE AUTHORITY: Institutional Advancement & External Relations

APPROVED BY:

Kentucky State University Board of Regents

EFFECTIVE DATE:

August 8, 2025

NEXT REVIEW DATE: August 8, 2028

POLICY STATEMENT:

This policy aims to outline a philosophy that will guide the management of Kentucky State University Endowment (“Endowment”) assets toward the desired results. It is intended to be sufficiently specific as to be meaningful, yet flexible enough to be practical.

This policy is set forth in order to:

Define and assign responsibilities of the Board of Regents, its appointed Committees and designated staff, the Discretionary Investment Consultant, external Investment Managers, and third-party custodians;

Establish a clear understanding of the investment goals and objectives of the Endowment assets;

Offer guidance and limitations regarding the investment and spending of Endowment assets;

Establish a bias of evaluating investment results; and

Manage the Endowment's assets according to industry best practices and applicable laws.