KENTUCKY STATE UNIVERSITY FOUNDATION, INC.
Statement of Activities
Year ended June 30, 2014
| Unrestricted | Temporarily Restricted | Permanently Restricted | Total |
|---|
| Revenues, gains and other support: | | | | |
|---|
| Contributions | $ 30,000 | $ 877,796 | $ 237,571 | $ 1,145,367 |
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| Investment income: | | | | |
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| Interest and dividends | 5,328 | 222,225 | - | 227,553 |
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| Realized and unrealized gains | 20,155 | 849,814 | - | 869,969 |
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| Total investment income | 25,483 | 1,072,039 | - | 1,097,522 |
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| Releases from restrictions | 1,097,278 | (1,097,278) | - | - |
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| Total revenues, gains and other support | 1,152,761 | 852,557 | 237,571 | 2,242,889 |
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| Expenses: | | | | |
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| Scholarships | 538,908 | - | - | 538,908 |
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| Operating expenses | 138,360 | - | - | 138,360 |
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| Personal services | 83,895 | - | - | 83,895 |
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| University support | 203,637 | - | - | 203,637 |
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| Student support | 68,527 | - | - | 68,527 |
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| Travel and promotion | 57,918 | - | - | 57,918 |
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| Total expenses | 1,091,245 | - | - | 1,091,245 |
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| Change in net assets | 61,516 | 852,557 | 237,571 | 1,151,644 |
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| Net assets, beginning of year | 315,740 | 6,433,260 | 3,227,786 | 9,976,786 |
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| Net assets, end of year | $ 377,256 | $ 7,285,817 | $ 3,465,357 | $ 11,128,430 |
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