The KSU Foundation collaborates closely with university administrators, deans, and faculty to secure donations from individuals, corporations, and foundations. These contributions fund scholarships, faculty positions, departmental support, and campus infrastructure. The foundation also manages the raised funds under the guidance of an advisory committee of trustees. Established in 1944, the KSU Foundation is a separate, independent entity that ensures donations are used according to the donor's wishes and are tax-deductible.