PURPOSE
ADMINISTRATION OF POLICY 3
GIFT ACCEPTANCE GUIDELINES
GIFT ACCEPTANCE COMMITTEE
NAMING OPPORTUNITIES
GIFT ACCOUNTING
ASSETS FOR MAKING A GIFT
DEFERRED GIFTS 14
GIFTS TO ESTABLISH NEW FUNDS
CAMPAIGNS 18 APPENDIX A – Minimum Gifts & Naming Opportunities 19 APPENDIX B – Donor Recognition, Memorials & Honorariums 20 APPENDIX C – Endowed Scholarship Template
APPENDIX B – Donor Recognition, Memorials & Honorariums 20 APPENDIX C – Endowed Scholarship Template 21 APPENDIX D – Current Use Scholarship Template. 23 APPENDIX E – Endowed Chair Template... 25 APPENDIX F – Depository Trust Company Instructions 27 APPENDIX G – Gift Annuity Agreement Template 28
I. PURPOSE
The Gift Acceptance and Donor Recognition Policy of Kentucky State University (hereafter, “the University”) is established to govern and administer the solicitation, acceptance, reporting and crediting of all gifts made to the University in a financially prudent and efficient manner.
Contributions from all donors are critical to the University's mission:
Kentucky State University is a public, comprehensive, historically black land-grant university committed to advancing the Commonwealth of Kentucky, enhancing society, and impacting individuals by providing quality teaching with a foundation in liberal studies, scholarly research, and public service to enable productive lives within the diverse global economy.
The following policy details the types of gifts which may be accepted, who has authority to accept gifts on behalf of the University, the manner in which the University may accept physical funds, ethical considerations of accepting gifts, and necessary approvals for special situations or exceptions to this policy.
II. ADMINISTRATION OF POLICY
Approval of this policy shall be made by the University Board of Regents. Oversight of this policy is the responsibility of the Committee on Advancement and Alumni Relations of the Board of Regents. The Vice President for Institutional Advancement