The University must be given full transfer of gifts in kind; partial interest in property over which the donor retains control is not a gift.

Prospective donors are advised that the University retains the right to sell or otherwise dispose of the personal property in question, if such action is financially advisable or necessary and if there is no formal agreement to the contrary with the donor. In the event a gift in kind is sold, donated or otherwise disposed of by the University within three years of receipt, the Office of Finance and Administration will provide the donor with a revised copy of IRS Tax Form 8282. It is advised, however, that gifts of tangible personal property not be accepted if it is the university's intention that they are to be sold within three years of receipt.

A donor may choose to designate the University, or the KSU Foundation as the beneficiary of his/her life insurance policy. A whole life insurance policy may be accepted as a gift to the University or the KSU Foundation and credited to the donor if the University or the KSU Foundation is made the owner and irrevocable beneficiary of the policy.

The University will obtain the cash surrender value of all gifts of life insurance upon transfer to the University; any exceptions must be approved by the GAC.

Gifts of patents and royalties may be accepted only after careful review by the GAC. Consideration will be given to whether the donor intends to make a gift of the entire interest to the patent estate (or will be retaining partial interest) and whether or not the gift will include funding for the future expenses for patent maintenance. Board approval is required.

Deferred gifts are commitments made to the University now but generally do not mature and benefit it financially until some point in the future. Deferred gifts accepted by the University include bequests, life insurance, gifts of retirement assets and life income gifts in the form of charitable remainder trusts, charitable lead trusts, and charitable gift annuities. Donors may choose to use a variety of the assets as listed in Section VIII to fund a deferred gift to the University. Acceptance of the asset(s) shall be governed by the policy section relating to the asset(s). The Office of Institutional Advancement is authorized to negotiate deferred gifts on behalf of the University.