Kasetsart University Foundation was the 46th charitable organization to be exempted from taxation by Thailand's Revenue Department, Ministry of Finance. Donors to the Foundation may file for an annual tax deduction. The Foundation was founded by H.R.H. Chakrabandhu Pensiri (H.S.H. Chakrabandhu Pensiri Chakrabandhu, at that time) as the Head of the Founding Committee along with Kasetsart University's former President, Adjunct Prof. Dr. Insee Chandarasatitya as the Deputy Fead of Founding Committee, and Prof. Dr. Paitoon Ingkasuwan as the Founding Committee Secretary.