The Foundation shall maintain its own directors and officers (D&O) insurance for protection against liabilities arising from its activities. The Foundation is obligated to adhere to all current and future policies and procedures of KSU that are not in conflict with written donor agreements at the time of enaction.
The Foundation shall not charge more than a 50 basis points (0.50%) investment fee and a 50 basis points (0.50%) administrative fee. The Foundation shall provide quarterly reports to the Finance and Advancement Committee of the Board of Regents and shall present annually to the Board of Regents.
IN WITNESS WHEREOF, KSU and the Foundation have caused this MOU to be executed by their duly authorized officers as of the date first written above.