KENTUCKY STATE UNIVERSITY Board of Regents
The use of endowment income for directed purposes will help mitigate the impact of some of the current year budget reductions. Targeted use of endowment income will also allow for investment in programs to grow the University.
Regular and complete reports to donors, the University administration, and the Board of Regents will build confidence in the structures in place to manage these funds. Reports to donors on the use of endowment funds will encourage giving as results will be documented and tangible.
COMMITTEE/PROGRAM ACTION: N/A
PROGRAM IMPLICATIONS: N/A
FISCAL IMPLICATIONS: At a 4.8% spending level, approximately $800,000 in income will be available for use in the upcoming fiscal year. Approximately half of this amount is restricted to student financial aid.
ATTACHMENTS: N/A
RECOMMENDATION: Approve the endowment spending policy of 4.8% for the 2018-2019 fiscal year.