Foundation

The Kansas State University Foundation, the official fund-raising arm of the university, is a nonprofit organization certified under Section 501 (C) (3) of the IRS Code of 1954. The purpose of the Kansas State University Foundation is to encourage, receive, and hold in trust any real and personal property given for the use of K-State faculty and students; and to invest or disburse, manage, administer and control all such gifts to provide those services to the university that are not or cannot be provided through appropriated funds or student fees. The KSU Foundation acts as the custodian for gifts to the university and is encouraged to receive and hold in trust any real and personal property given for the use of K-State, and to administer and control all the gifts to provide services that are not or cannot be provided through appropriated funds.

Although the KSU Foundation is not a bank, it offers many of the same services and is responsible for the administration of more than 4,000 fund accounts and the processing of 66,000 gifts annually, while administering total assets of $247 million. Policy is formulated by a 175-member board of trustees and an executive committee of 15 members to which the staff, directed by the president, is responsible.

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