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:

Unrestricted Temporarily Restricted Permanently Restricted Total 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:

UnrestrictedTemporarily RestrictedPermanently RestrictedTotal Net Endowment Assets
Endowment net assets, beginning of year$ -$ 4,164,902$ 3,227,786$ 7,392,688
Contributions--237,571237,571
Interest and dividends-190,208-190,208
Realized and unrealized gains-728,543-728,543
Amounts appropriated for expenditure-(191,899)-(191,899)
Total$ -$ 4,091,574$ 2,167,075$ 8,057,144

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

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