re: Athletics transfers $10 Million+ to University this FY

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Yes, part of that money was a gift/donation. The only obligation TAF had to provide LSU was the 7.2M$. TAF may give additional money if/when there is a surplus. Naturally, as a non-profit TAF cannot keep the money, but (from what I read in the charter) TAF is not obligated to give the additional surplus to LSU.

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The agreement to transfer $7.2 million plus surplus to the University is between Athletic Department and University, not TAF and University.

You are correct that TAF is not part of the University though. But there is no obligation for TAF to transfer any part of that $7.2 million.