KENTUCKY STATE UNIVERSITY FOUNDATION, INC.

STATEMENT OF FINANCIAL POSITION JUNE 30, 2022

ASSETS
Current assets:
Cash and cash equivalents$ 960,506
Total current assets960,506
Investments at fair value11,275,614
Property and equipment
Equipment140,400
Buildings and improvements65,526
Total property and equipment205,926
Accumulated depreciation(195,384)
Property and equipment, net10,542
Other assets32,269
Total assets$ 12,278,931
LIABILITIES AND NET ASSETS
Current liabilities:
Accounts payable$ -0-
Accrued liabilities5,004
Total liabilities5,004
Net assets
Without donor restrictions:
Undesignated7,942
Board designated for endowment1,596,904
Total without donor restrictions1,604,846
With donor restrictions:
Purpose restriction5,248,970
Time-restricted for future periods82,000
Perpetual in nature5,338,111
Total with donor restrictions10,669,081
Total net assets12,273,927
Total liabilities and net assets$ 12,278,931

See accompanying notes to financial statements.

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