Policies

Some of the following Murray State Foundation Policy Exhibits are available in Adobe PDF format.

Table of Contents

Section 1 - General

1.01 - Legal Counsel Review

1.02 - Account Establishment

1.03 - General Guidelines for Discretionary Accounts

1.04 - Funds Eligible for Investment

1.04A - Endowed Funds

1.05 - Investment Policy Statement

1.06 - Purchased, Leased, or Donated Vehicles

Section 2 - Revenue

2.01 - Donations & Other Cash Receipts

2.02 - Acceptance & Acknowledgement of In-Kind Gifts

2.03 - Valuation of Gifts of Stock & Other Securities

2.04 - Acceptance & Valuation of Gifts of Real Estate

2.05 - Acceptance & Valuation of Gifts of Tangible Personal Property

2.06 - Gifts Matched by Donor's Employer

2.07 - Contributions for the Use of Individuals

2.08 - Sale of Foundation Assets that were Donated for a Particular Use by the Foundation

2.09 - Acceptance of Deferred Gifts

2.09A - Policy on Income Payout Rates for Charitable Remainder Trusts

2.09B - Policy on Income-Producing Gifts

Section 3 - Expenditures

3.01 - Expenditure of Funds

3.01A - Purchasing Card Program

3.02 - Scholarship Administration

3.03 - Purchase of Foundation Assets

Section 4 - Loans & Advances

4.01 - Travel Advances

4.02 - Collection Procedures for Employee Temporary Loans

Section 5 - Agreements, Notes, & Contracts Between Murray State Foundation & Murray State University

5.01 - Ownership of Funds Held by Murray State University Foundation

5.02 - Determination of Ownership of Donated Assets & Transfer of Assets Donated to the Foundation for a Particular Use by the University

5.03 - Loans to Murray State University

Section 6 - Miller Memorial Golf Course

6.01 - Use of Miller Memorial Golf Course Clubhouse & Pavilion

6.02 - Receiving - Miller Golf Course

6.03 - Requests for Quotations - Miller Golf Course

Articles of Incorporation

Bylaws