POLICY TITLE: Gift Acceptance

APPLIES TO: Faculty Staff KSU Thorobreds Foundation, Inc. External Parties Involved in Soliciting or Receiving Gifts on Behalf of KSU

ADMINISTRATIVE AUTHORITY: Office of the President Office of Institutional Advancement and External Relations

APPROVED BY: Kentucky State University Board of Regents

August 8, 2025

NEXT REVIEW DATE: August 8, 2028

In accordance with Kentucky Revised Statutes applicable to institutions of higher education and best practices in philanthropy, Kentucky State University (KSU), in partnership with the KSU Thorobreds Foundation, Inc. (the “Foundation”), adopts this Gift Acceptance Policy. This policy guides the solicitation, acceptance, recording, and stewardship of charitable contributions intended to support KSU’s mission, students, programs, and strategic priorities.

All philanthropic gifts designated for KSU are received, processed, and managed by the Foundation, the official 501(c)(3) organization established to support KSU. This centralized process ensures compliance with applicable laws, promotes transparency and accountability, and aligns the donor support with KSU's needs and priorities. The Foundation operates consistent with standards from the Council for Advancement and Support Education (CASE).