The Endow Kentucky Commission was created in an effort to increase philanthropic activity across the Commonwealth. Promoting community endowment funds through challenge- and capacity-building activities, as well as tax credits, the Commission endeavors to build Kentucky’s philanthropic base.
||Public Officials Receive Commonwealth Award
Rep. Fitz Steele and Sen. Brandon Smith with Gerry Roll, executive director of the Hazard Perry County Community Foundation
Kentucky Philanthropy Initiative presents Commonwealth Award to three public officials
Three public officials who provided exemplary leadership in “building
Kentucky through philanthropy” were awarded the first Commonwealth Awards by the Kentucky Philanthropy Initiative at its annual Summit on Philanthropy on October 19, 2011.
Senator Brandon Smith (R-Hazard) and Representative Fitz Steele
(D-District 84) were cited for their extraordinary service in sponsoring and shepherding through the 2011 legislative session the “Endow Kentucky” legislation which provides a tax credit for new contributions to endowed community funds.
DLG Commissioner Tony Wilder was cited for his lead in launching the Endow Kentucky program, taking an extraordinary interest in helping achieve its early success and promoting establishment
of new funds. The department was charged with implementing the Endow Kentucky program.
Click on 2011 KPI Commonwealth Awards for more information on the awards.
||Endow Kentucky Commission
The Kentucky Philanthropy Initiative’s Transfer of Wealth Study clearly shows the intergenerational transfer of wealth that is taking pace, and the difference that keeping these resources close to home through permanent endowments can make for a community’s future.
Governor Steve Beshear appointed the following individuals to serve as members of the Endow Kentucky Commission:
Michael Hammons of Park Hills
Sharon Receveur of Louisville
Wynn Radford, III of Hopkinsville
Buckner Woodford, IV of Paris
Anthony “Tony” Watkins of Benton
Michael Hobbs of Ashland
Jiten Shah of Owensboro
Gerry Roll of Busy
As part of this initiative, the General Assembly authorized $1 million in tax credits in the current biennium for an endowment gift to permanent endowment funds of qualified community foundations certified by the commission. Applications for the tax credits, which are 20% of the value of the gift, with a $10,000 maximum tax credit, are available from the Revenue Department.
||Certified Community Foundations
The following Community Foundations are certified under the Endow Kentucky Commission:
Bluegrass Community Foundation www.bgcf.org
Community Foundation of Christian, Todd & Trigg Counties http://www.cfmt.org/funds/affiliate/
Foundation for Appalachian Kentucky
Community Foundation of Louisville http://www.cflouisville.org/
Community Foundation of West Kentucky www.cfwestky.org
Northern Kentucky Fund/Greater Cincinnati Foundation http://www.gcfdn.org/CommunityLeadership/NorthernKentuckyFund/tabid/243/Default.aspx
Foundation for the Tri-State Community http://www.tristatefoundation.org/html/about_us.html
Central Kentucky Community Foundation www.ckcf4people.org