KENTUCKY STATE UNIVERSITY FOUNDATION, INC.
STATEMENT OF ACTIVITIES
Year ended June 30, 2017
| Unrestricted | Temporarily Restricted | Permanently Restricted | Total |
|---|
| Revenues, gains and other support Contributions | $ 8,266 | $ 836,808 | $ 105,691 | $ 950,765 |
|---|
| Investment income: | | | | |
|---|
| Interest and dividends | 2,932 | 225,154 | - | 228,086 |
|---|
| Realized and unrealized gains | 8,764 | 654,408 | - | 663,172 |
|---|
| Total investment income | 11,696 | 879,562 | - | 891,258 |
|---|
| Releases from restrictions | 1,724,050 | (1,724,050) | - | - |
|---|
| Total revenues, gains and other support | 1,744,012 | (7,680) | 105,691 | 1,842,023 |
|---|
| Expenses | | | | |
|---|
| Scholarships | 346,602 | - | - | 346,602 |
|---|
| Operating expenses | 194,744 | - | - | 194,744 |
|---|
| Personal services | 110,730 | - | - | 110,730 |
|---|
| University support | 955,810 | - | - | 955,810 |
|---|
| Student support | 84,476 | - | - | 84,476 |
|---|
| Travel and promotion | 59,440 | - | - | 59,440 |
|---|
| Total expenses | 1,751,802 | - | - | 1,751,802 |
|---|
| Change in net assets | (7,790) | (7,680) | 105,691 | 90,221 |
|---|
| Net assets, beginning of year | 261,113 | 6,786,750 | 3,608,613 | 10,656,476 |
|---|
| Reclassification | - | 2,580 | (2,580) | - |
|---|
| Net assets, end of year | $ 253,323 | $ 6,781,650 | $ 3,711,724 | $ 10,746,697 |
|---|
18.