KENTUCKY STATE UNIVERSITY FOUNDATION, INC. STATEMENT OF ACTIVITIES Year ended June 30, 2021

REVENUES, GAINS AND OTHER SUPPORTWithout Donor RestrictionsWith Donor RestrictionsTotal
Contributions4,2752,593,8722,598,147
Investment income:
Interest and dividends85,281129,785215,066
Realized and unrealized gains1,001,0001,627,1582,628,158
Other, net of investment and management expense(59,485)-(59,485)
Total investment income, net1,026,7961,756,9432,783,739
Releases from restrictions1,124,503(1,124,503)-
Total revenues, gain and other support2,155,5743,226,3125,381,886
EXPENSES
Program services expenses:
Student support804,337-804,337
University support547,615-547,615
Total program services expenses1,351,952-1,351,952
Management and general277,655-277,655
Total expenses1,629,607-1,629,607
CHANGES IN NET ASSETS525,9673,226,3123,752,279
Net assets, beginning of year1,970,0428,925,74710,895,789
Reclassifications(3,440)3,440-
Net assets, end of year2,492,56912,155,49914,648,068

See accompanying notes to financial statements.

19.