P.O. Box 4210
Frankfort, Kentucky 40604-4210
PH: (502) 875-0187 or Toll Free: (888) 240-6891
Fax: (502) 875-0188 Email: dlyonsksufndt@aol.com ksufndt@aol.com
May 29, 2018
Greg Rush
Special Assistant to the President
400 East Main Street
Kentucky State University
Frankfort, KY 40601
RE: Relationship between Kentucky State University and Various Foundations as of June 7, 2018
Please note the following clarifications and suggested revisions to the above named position statement which you sent me--
The Foundation Board meets twice a year (minimally). In the interim, the Executive Committee of the Foundation Board meets.
The relationship between the KSU Foundation and the Kentucky State University is via the President of Kentucky State University.
The President or his designee works closely with the KSU Foundation's designated officers.
The President of Kentucky State University is (and has been historically) the chief fund raiser.
The KSU Foundation receives private donations (non-public funds/private source/non-governmental).
Private source funds received by KSU Institutional Advancement/External Relations should be deposited at the KSU Foundation.
Vision 20/20 (Bucks for Brains)
The KSU Foundation was the instrument/entity utilized to provide money to obtain the state match.
Private source funds (no state money) from various donors were utilized as state match dollars.
All state match funds were received by KSU where they are invested.
The KSU Foundation received no state match funds.