KENTUCKY STATE UNIVERSITY NOTES TO FINANCIAL STATEMENTS June 30, 2018

NOTE 13 – KENTUCKY STATE UNIVERSITY FOUNDATION, INC. (Continued)

Endowment Composition (Continued)

Endowment net asset composition by type of fund as of June 30, 2018 is as follows:

UnrestrictedTemporarily RestrictedPermanently RestrictedTotal Net Endowment Assets
Donor-restricted endowment funds$ -$ 3,788,318$ 3,794,106$ 7,582,424
Changes in endowment net assets as of June 30, 2018 are as follows:
UnrestrictedTemporarily RestrictedPermanently RestrictedTotal Net Endowment Assets
Endowment net assets, beginning of year$ -$ 3,981,609$ 3,711,724$ 7,693,333
Contributions--78,88278,882
Interest and dividends-186,272-186,272
Realized and unrealized gains-297,027-297,027
Amounts appropriated for expenditure-(676,590)-(676,590)
Reclassifications--3,5003,500
Endowment net assets, end of year$ -$ 3,788,318$ 3,794,106$ 7,582,424

59.