Donors are encouraged to name the Foundation as a beneficiary of retirement plan assets (e.g., IRA, 401(k), 403(b)).
Not recorded as a gift unless irrevocable (typically upon the donor's death).
Split-Interest Gifts:
Charitable Gift Annuities (CGAs).
The Foundation may offer CGAs if it meets state registration requirements and has Board approval to do so.
Minimum funding of $25,000 and minimum beneficiary age of 60. Exceptions require Foundation Board approval.
Funded only with cash or marketable securities; no illiquid assets like real estate or personal property.
Annuity rates shall be based on tables from the American Council on Gift Annuities (ACGA).
• Other Split-Interest Gifts (Charitable Remainder Trusts, Charitable Lead Trusts, Retained Life Estates).
The Foundation may accept benefits from such trusts or arrangements.
Institutional Advancement staff will discuss these with donors. Acceptance designations or complex terms requires Foundation Board approval, with KSU legal counsel review and KSU endorsement as appropriate.
The Foundation and KSU do not act as trustee for these types of trusts.
Gift Documentation, Counting, and Reporting
Pledges, Letters of Intent, and Commitments:
Pledge. A written, signed promise by the donor to contribute a specific amount over a fixed time (generally not to exceed five (5) years, unless approved by the Vice President of Institutional Advancement).
Letter of Intent (LOI). Used by DAF advisors or foundations to indicate intent to recommend/grant future gifts. Not a binding pledge on the advisor/foundation.
Deferred Commitment. An indication of a future gift (e.g., through an estate note or documented bequest intention).
Verbal pledges/commitments are generally not recorded for fundraising totals unless documented by a follow-up letter from the Vice President of Institutional Advancement confirming the understanding.
Totals for outright contributions, pledges, LOIs, and deferred commitments are reported separately.
Capital Campaign Gifts: