KENTUCKY STATE UNIVERSITY

Notes to the Financial Statements, continued

13. Kentucky State University Foundation, Inc. continued

g. Endowment Composition, continued

Endowment net asset composition by type of fund as of June 30, 2014 is as follows:

UnrestrictedTemporarily RestrictedPermanently RestrictedTotal Net Endowment Assets
Donor-restricted endowment funds$ -$ 4,891,754$ 3,465,357$ 8,357,111

Endowment net asset composition by type of fund as of June 30, 2013 was as follows:

UnrestrictedTemporarily RestrictedPermanently RestrictedTotal Net Endowment Assets
Donor-restricted endowment funds$ -$ 4,164,902$ 3,227,786$ 7,392,688

Changes in endowment net assets as of June 30, 2014 are as follows:

Endowment net assets, beginning of year Contributions Interest and dividends Realized and unrealized gains Amounts appropriated for expenditure Endowment net assets, end of year -4,891,754 $3,465,357 $8,357,111

Unrestricted Temporarily Restricted Permanently Restricted Total Net Endowment Assets

  • - 4,164,902 $ 3,227,786 $7,392,688
  • - 237,571 237,571
  • 190,208 - 190,208
  • 728,543 - 728,543
  • - (191,899) - - (191,899)

Endowment net assets, end of year - 4,891,754 $ 3,465,357 $ 8,357,111

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