The Kansas State University Research Foundation (KSURF) is governed by a Board of Directors that has full power to manage, direct and conduct the affairs and business of the organization. The Board consists of nineteen (19) members.
| M. Duane Nellis | ChairEx Officio Director | KSU Provost andSenior Vice President |
| James S. Braun | Vice ChairElected External Director | VP1 TechnologiesManhattan, Kansas |
| Thomas M. Rawson | TreasurerEx Officio Director | KSU Vice President for Administration and Finance |
| R.W. Trewyn | SecretaryEx Officio Director | KSURF PresidentKSU Vice President for Research |
| Nelson Galle | Appointed Director | KSU Alumni AssociationManhattan, Kansas |
| Ryszard Jankowiak | Elected Internal Director (Faculty Representative) | KSU Professor of Chemistry |
| Byron Jones | Ex Officio Director | KSU Engineering Experiment Station Director |
| Michael R. Kanost | Elected Internal Director(Department Head) | KSU University Distinguished Professor, Head of Biochemistry |
| Melvin Kejr | Elected External Director | Geoprobe SystemsSalina, Kansas |
| Dan Lykins | Appointed Director | Kansas Board of RegentsTopeka, Kansas |
| Dirk Maier | Elected Internal Director (Faculty Representative) | KSU Professor, Head of Grain Science and Industry |
| Ernie Minton | Ex Officio Director | KSU Agricultural Experiment Station Associate Director (Interim) |
| Lionel L. Reilly | Elected External Director | Professional Veterinary Products, Ltd., Omaha, Nebraska |
| Ralph C. Richardson | Elected Internal Director (Dean) | KSU College of Veterinary Medicine |
| Richard H. Seaton | Ex Officio Director | KSU University Attorney |
| Christopher Sorensen | Elected Internal Director(Faculty Representative) | KSU University Distinguished Professor of Physics |
| James L. Spigarelli | Elected External Director | Midwest Research InstituteKansas City, Missouri |
| Lucy L. Williams | Elected External Director | The Trust Company of ManhattanManhattan, Kansas |

An Executive Committee composed of the officers plus at least two additional members, whom the Board elects annually, is entitled to exercise all the powers of the Board of Directors when the Board is not in session.
| M. Duane Nellis, ChairEx Officio Director | KSU Provost and Senior Vice PresidentManhattan, Kansas |
| James S. Braun, Vice ChairElected External Director | VP1 TechnologiesManhattan, Kansas |
| Thomas M. Rawson, TreasurerEx Officio Director (designee) | KSU Vice President for Administration and FinanceManhattan, Kansas |
| R.W. Trewyn, SecretaryEx Officio Director | KSURF President, KSU Vice President for ResearchManhattan, Kansas |
| Melvin KejrElected External Director | Geoprobe SystemsSalina, Kansas |
| Ralph C. RichardsonElected Internal Director (Dean) | KSU Dean of Veterinary MedicineManhattan, Kansas |
| Christopher SorensenElected Internal Director(Faculty Representative) | KSU University Distinguished Professor of PhysicsManhattan, Kansas |

A Finance Committee composed of the Treasurer and the President plus at least three additional members, the majority of whom are members of the Board, are elected at the annual meeting. The Committee provides guidance and advice to the Executive Committee and Board regarding all financial accounts and instruments of the organization.
| Thomas M. Rawson, ChairTreasurer of the Board | KSU Vice President for Administrationand FinanceManhattan, Kansas |
| Nelson Galle | KSU Alumni Association RepresentativeManhattan, Kansas |
| John R. GrahamNon-board member | KSU Professor of Financeand Executive in ResidenceManhattan, Kansas |
| Ralph C. Richardson | KSU Dean of Veterinary MedicineManhattan, Kansas |
| R.W. Trewyn | KSURF President,KSU Vice President for ResearchManhattan, Kansas |
| Lucy L. Williams | The Trust Company of ManhattanManhattan, Kansas |