KENTUCKY STATE UNIVERSITY POLICIES AND PROCEDURES

POLICY TITLE: Deposits to The Kentucky State University Foundation, Inc.

VOLUME, SECTION & NUMBER: 4.1.12

ENTITIES AFFECTED: All Departments and Divisions The KSU Foundation, Inc.

ADMINISTRATIVE AUTHORITY: Office of Institutional Advancement

APPROVED BY: The Kentucky State University Board of Regents

EFFECTIVE DATE:

November 28, 2023

POLICY STATEMENT:

This policy outlines the procedures for making deposits to The Kentucky State University Foundation, Inc. (hereinafter referred to as "Foundation") by employees of Kentucky State University (hereinafter referred to as "University"). It aims to ensure transparency, accountability, and proper financial management of all deposited transactions.

DEFINITIONS:

Foundation

The Kentucky State University Foundation, Inc.

University

Kentucky State University

President

The employee named and appointed by the Board of Regents of Kentucky State University as having the powers and duties of the President, whether that be on a permanent, interim, or acting basis.