KENTUCKY STATE UNIVERSITY POLICIES AND PROCEDURES

POLICY TITLE: Policy on Philanthropic Donations from Faculty and Staff

VOLUME, SECTION & NUMBER: 4.1.14

ENTITIES AFFECTED: All Departments and Divisions The Kentucky State University Foundation, Inc.

ADMINISTRATIVE AUTHORITY: Office of Institutional Advancement

The Kentucky State University Board of Regents

EFFECTIVE DATE: November 28, 2023

This policy outlines the process for making monetary donations to Kentucky State University and The Kentucky State University Foundation, Inc. (hereinafter referred to as "Foundation") by current employees of Kentucky State University (hereinafter referred to as "University"). It aims to ensure transparency, accountability, and proper financial management concerning all transactions.

The University recognizes and values the support of its faculty and staff in contributing to the University's growth and success. This policy aims to establish guidelines regarding faculty and staff giving to ensure compliance with IRS regulations and to promote transparency and fairness in the allocation of donated funds. Faculty and staff contributions are vital to the growth and success of the University, and this policy ensures that the support is utilized for the benefit of the broader University community.

Individuals employed by Kentucky State University in any capacity, as well as their immediate family members.

Kentucky State University Foundation, Inc.