The University will accept gifts of other funds, or collections of such gifts, that can be restricted by the donor for a period of years and not invested in the University's endowment. Current use restricted funds are considered to be part of the annual operating budget of the University. These funds typically will be held in current restricted accounts until expended.
Both endowed funds and current use restricted funds require a signed fund agreement.
The University understands the need and importance of recognizing donors for their financial support. The University has established several recognition societies for this purpose. Additional publicity and recognition of gifts are agreed upon at the time of the gift.
Retirement plan assets and matured bequests may be used to fund a named gift, however, the gift and named entity will not be publicized until after the funds are received by KSU.
The University may revoke a naming if the pledge obligation is unfulfilled and/or written off, the University determines that its association with the donor will materially damage the reputation of the university, or if a change in family or organizational circumstances causes the donor or other affected individual(s)/organization(s) to request a name change or revocation. Revocation decisions shall be made by the President based on the recommendation of the Vice President for Institutional Advancement. The University shall make all reasonable efforts to inform the original donor or the donor's heirs/designees in advance of any revocation or change.
Minimum Funding Levels for Donor-Based Physical Naming Opportunities
Naming opportunity requests are handled on a case-by-case basis. Guidelines for naming opportunities include: