The purpose of this policy is to define reasonable expectation guidelines for disbursements from a spendable fund held at the Kent State University Foundation (KSUF). The KSUF and its board of directors have a fiduciary responsibility to insure that all funds expended meet both donor intent and the KSUF mission statement. Accordingly, it is expected that fund administrators will make every reasonable effort to ensure that funds are used in a responsible, prudent, and appropriate manner. The guidelines are varied depending on whether the fund is discretionary or donor restricted. While fund administrators are given wide latitude, the Foundation will continue to maintain high standards in relation to donor intentions.