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

Dear Greg:

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.