b. Review the investment policy for each entity and obtain an understanding of how the endowment and other investable assets are managed.
3. Financial Document Review
Review audited financial statements of each entity for the last five years.
Review the 990/990-T of each entity for the last five years.
Prepare a five-year summary detailing the following:
Gifts received by each entity for the benefit of KSU.
Other gifts and revenues for the outside Foundation and Alumni Association.
Operating expenses.
Transfers between the entities, including the nature of the transfers.
Management or gift fees assessed by any of the entities and the nature of the management/gift fees.
Other relevant financial information.
4. KSU Operations and Infrastructure Review
Review the approved budget and actual results for the KSU Philanthropy department for the last five years.
Review the current philanthropy organization chart for KSU, including a detailed review of each position and related job duties.
Interview philanthropy staff members to help obtain an understanding of the philanthropy operations.
Review the philanthropy system to obtain an understanding of donor gift and donor prospect records.
Determine if KSU's philanthropy program includes essential components such as Annual Giving, Major Gifts, Planned Giving, Stewardship, Services, Corporate and Foundation Relations and other areas included in successful higher education philanthropy programs.
5. Campaign Readiness Assessment
a. Based on information obtained in items 1-4 and other due diligence, prepare a Campaign Readiness Assessment, with detailed information regarding the philanthropy governance, policies/procedures, financial history, KSU operations and infrastructure, and other relevant information. The assessment should include recommendations for strengthening opportunities to raise funds for KSU programs through an integrated approach involving KSU, the outside Foundation and the KSU Alumni Association. If an integrated philanthropy approach is not possible, or optimal, an alternative fundraising structure should be recommended.
6. Campaign Feasibility/Planning Study
Based on information obtained in items 1-4, donor /other stakeholder interviews, in-depth prospect research and data analysis, and other due diligence, prepare a Campaign Feasibility/Planning Study to guide KSU leadership in establishing future philanthropy goals.
The study will involve interviewing administrators, state-wide leaders, faculty, donors, prospects, and friends of the University, in Kentucky and throughout the nation, to assess the philanthropic and volunteer leadership potential and produce a written Campaign Feasibility/Planning Study report of its findings.
7. Philanthropy Review Report/Briefings
a. The firm selected should produce a final report detailing the results of its review for items 1-4, the Campaign Readiness Assessment, and the Campaign Feasibility/Planning Study. The firm will provide leadership briefings to educate key