Donor
An individual, corporation, foundation, organization, or other entity making a gift.
Endowment
A gift intended to be invested in perpetuity, or for an agreed-upon documented timeframe, with a portion of the investment return used to support KSU according to the donor's intent and applicable spending policies.
Fair Market Value (FMV)
The price that property would sell for on the open market, as determined by IRS guidelines and qualified appraisals where required.
Foundation (KSU Thorobreds Foundation, Inc.)
The independent, 501(c)(3) charitable organization designated to receive, manage, and disburse philanthropic gifts to the benefit of Kentucky State University.
Funder
An individual, corporation, foundation, organization, or other entity that deposits funds to KSU or the Foundation for purposes other than making a charitable donation.
Gift
A voluntary transfer of cash, securities, property, or other assets made to the Foundation for the benefit of KSU without any expectation of direct economic benefit or other private benefit to the donor.
Gift Agreement
A formal written document executed by the donor and an authorized representative of the Foundation (and KSU, if appropriate for the terms) detailing the terms, purpose, and administration of a significant or complex gift, especially restricted or endowed gifts.
Institutional Advancement
The KSU Division of Institutional Advancement and External Relations, which is responsible for coordinating fundraising efforts for KSU and often acts as staff to the Foundation.
Legal Counsel
Attorney(s) representing KSU or the Foundation
Pledge
A written, signed promise to make a gift to the Foundation over a defined period.
Restricted Gift
A gift for which the donor specifies a particular use or program at KSU (e.g., scholarships for a specific college, support for a particular academic department).
Unrestricted Gift