beneficiaries will be recognized as a bequest expectancy, once properly documented with the University/KSU Foundation.
Charitable Lead Trusts are vehicles through which the University receives the annual income either variable or fixed, from the trust for a designated period. At the trust's expiration, the remainder is given to the designated beneficiaries. All Charitable Lead Trusts shall comply with aforementioned policies relating to deferred gifts.
Charitable Gift Annuities are vehicles that provide the beneficiary with a fixed annual payment and may provide an upfront tax deduction and avoidance of capital gain tax at the time of the gift. The agreement is a contract between the donor and the University and is backed by the assets of the University.
The University offers Charitable Gift Annuities to beneficiaries over the age of 65. The University also offers deferred Charitable Gift Annuities to beneficiaries over the age of 55 with a minimum deferral period until they reach age 65.
All Charitable Gift Annuities shall comply with aforementioned policies relating to deferred gifts.
The University does not actively promote the availability of Pooled Income Funds.
The University has established minimum gift amounts for funding Charitable Remainder Trusts, Charitable Lead Trusts and Charitable Gift Annuities. These minimum amounts are set forth in Appendix A (Minimum Gifts and Naming Opportunities).
The University, and the KSU Foundation have an investment policy which is designed to preserve the real value of endowed funds and to enhance the purchasing power of earnings so as to keep pace with inflation and with evolving University needs. In order to accomplish this, the Board has established a spending rate which is reviewed annually. Endowment gifts assure continual support of the donor's designated purposes by expending amounts from the fund according to the spending formula as determined by the Board of Regents. All individually restricted or unrestricted endowed funds that comprise the University endowment follow the same investment and spending policies.