President Thrasher Comments on Koch Foundation Gift
Posted January 22, 2015
I have been asked several times to comment on the current Memorandum of Understanding (MOU) between the Department of Economics at Florida State University and the Charles Koch Foundation. I have reviewed the current version of this MOU and the university’s relationship with the Koch Foundation. Contrary to misinformation being circulated, the current version of the agreement contains no provisions that violate the academic freedom of the faculty or the students or threaten the integrity of the university’s policies regarding faculty governance.
Frequently Asked Questions
Florida State University is a public university; doesn’t the state take care of
FSU is assisted, but by no means fully supported, by the State of Florida. State appropriations account for only a small percentage of the university's budget and support. Declining state support is a national trend facing many public universities. No state university can be competitive today without significant private support.
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Florida State’s rich history, proven record of success and vision of the future make a strong statement about the transforming power of education. Higher education has the power to change individual lives and is the key to solving large issues. Florida State’s three-fold mission—education, research and service—is catapulting the university into the global spotlight. Closer to home, academic research programs are addressing some of our state's and nation’s most pressing societal concerns.
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Gifts come from various sources. The greatest number of gifts comes from alumni and friends who recognize the importance of building on FSU’s record of academic excellence.
How does the Foundation support Florida State University?
The Foundation exists solely for Florida State University. We raise, manage, invest and disburse funds for the advancement of the learning environment at FSU. Through annual giving programs, planned gifts (wills, trusts and other methods of giving) and special-purpose campaigns, the Foundation works with the colleges, programs and units of the university to generate private support from alumni and friends.
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We do exactly what the donors tell us to do with their gifts. The majority of gifts are designated by donors for a particular college, unit or program. These are called restricted gifts.
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