• All gifts intended for the benefit of KSU are to be made to and legally accepted by the KSU Thorobreds Foundation, Inc (the “Foundation”).
• The Foundation's Board (or its designated committee/officer) has the authority to formally accept gifts of cash, publicly traded securities, and most other forms of personal property on behalf of the Foundation.
• The KSU President (or designee, who is typically the Vice President of Institutional Advancement & External Relations) provides institutional endorsement for the acceptance of gifts by the Foundation, thereby ensuring alignment with KSU's mission and priorities.

Specific Approvals for Certain Gifts (Involving KSU Endorsement/Impact):

• Real Estate. Acceptance of gifts of real estate by the Foundation requires prior review and endorsement by KSU, including its legal counsel (in-house or external) and the President's Cabinet, and final approval by the KSU Board of Regents. This is in addition to the Foundation Board's acceptance.
• Closely Held Securities. Acceptance by the Foundation requires prior review and endorsement by KSU leadership and may require KSU Board of Regents consultation or approval depending on potential impact or complexity, in addition to Foundation Board approval.
• Tangible Personal Property for KSU Use. If intended for KSU's direct use (rather than liquidation), acceptance by the Foundation requires endorsement from the relevant KSU department and Dean/Vice President, confirming its utility and alignment with KSU's mission.
• Gifts with Significant Restrictions or Naming Rights. Acceptance by the Foundation of gifts establishing new, significantly restricted endowments or programs, or involving naming opportunities for KSU facilities or programs, requires prior review and approval of the gift's purpose and terms by the KSU President and the Board of Regents.
• Cryptocurrency. Acceptance by the Foundation requires prior review and approval from the KSU President.

Restrictions on Gifts:

• While unrestricted gifts are especially encouraged to provide flexibility, donors may restrict their gifts for specific KSU programs, scholarships, or broad fields of interest approved by KSU.
• Restricted gifts for new purposes or endowments typically require a formal gift agreement. For other restricted gifts, a letter of understanding between the donor and the Foundation (with KSU cognizance) is required, especially for gifts over $1,000.
• Donations from faculty and staff are welcomed and valued. To ensure compliance with IRS regulations and to avoid conflicts of interest, neither faculty and staff donors, nor their immediate family members, shall have the authority to select the recipient(s) of any scholarship or restricted fund that they personally funded. The selection process for such awards shall be conducted KSU committee or the relevant KSU office to ensure fairness and transparency.
• All gift agreements for restricted or endowed gifts shall include language allowing the KSU Board of Regents (in consultation with the Foundation Board) to redirect the funds to a purpose as similar as possible to the