KENTUCKY STATE UNIVERSITY POLICIES AND PROCEDURES

POLICY TITLE: Endowment Investment & Spending Policy

VOLUME, SECTION & NUMBER: 4.1.16

ENTITIES AFFECTED: All Departments and Divisions

ADMINISTRATIVE AUTHORITY: Institutional Advancement & External Relations

Finance & Administration

APPROVED BY:

The Kentucky State University Board of Regents

EFFECTIVE DATE:

June 24, 2024

REVISED FROM:

December 18, 2023, Version of Policy

POLICY STATEMENT:

This policy aims to outline a philosophy that will guide the management of investment assets toward the desired results. It is intended to be sufficiently specific as to be meaningful, yet flexible enough to be practical.

This Endowment Investment & Spending Policy is set forth in order to:

• Define and assign responsibilities;
• Establish a clear understanding of the investment goals and objectives of the Endowment assets;
• Offer guidance and limitations regarding the investment and spending of Endowment assets;
• Establish a basis of evaluating investment results; and
• Manage the Endowment's assets according to industry best practices and applicable laws.