KENTUCKY STATE UNIVERSITY FOUNDATION, INC. STATEMENT OF ACTIVITIES Year ended June 30, 2018
| Unrestricted | Temporarily Restricted | Permanently Restricted | Total | |
|---|---|---|---|---|
| Revenues, gains and other support Contributions | $ 6,328 | $ 730,102 | $ 78,882 | $ 815,312 |
| Investment income: | ||||
| Interest and dividends | 2,623 | 223,769 | - | 226,392 |
| Realized and unrealized gains | 5,859 | 357,649 | - | 363,508 |
| Total investment income | 8,482 | 581,418 | - | 589,900 |
| Releases from restrictions | 1,172,159 | (1,172,159) | - | - |
| Total revenues, gains and other support | 1,186,969 | 139,361 | 78,882 | 1,405,212 |
| Expenses | ||||
| Scholarships | 298,107 | - | - | 298,107 |
| Operating expenses | 161,035 | - | - | 161,035 |
| Personal services | 118,414 | - | - | 118,414 |
| University support | 435,343 | - | - | 435,343 |
| Student support | 130,447 | - | - | 130,447 |
| Travel and promotion | 61,017 | - | - | 61,017 |
| Total expenses | 1,204,363 | - | - | 1,204,363 |
| Change in net assets, before reclassification | (17,394) | 139,361 | 78,882 | 200,849 |
| Reclassification | 6,662 | (10,162) | 3,500 | - |
| Change in net assets | (10,732) | 129,199 | 82,382 | 200,849 |
| Net assets, beginning of year | 253,323 | 6,781,650 | 3,711,724 | 10,746,697 |
| Net assets, end of year | $ 242,591 | $ 6,910,849 | $ 3,794,106 | $ 10,947,546 |
18.