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Department for Local Government
1024 Capital Center Drive, Suite 340
Frankfort, KY 40601
 
Phone
(502) 573-2382
Toll Free
(800) 346-5606
TDD
(800) 648-6056
FAX
(502) 573-2939
 
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Endow Kentucky

 

  • Lake Area Foundation Certified

     

     Lake Area Foundation Certified

    Yevette Haskins, Lake Area Foundation (LAF) Chair, and Donna Diaz, Executive Director, presented a copy of the community foundation's Council on Foundations National Standards documentation submittal to Commissioner Tony Wilder, Department for Local Government, for consideration by the Endow Kentucky Commission. On September 30, the commission approved LAF as the ninth certified community foundati...(MORE)

  • Tony Wilder, DLG Commissioner, Recognized for His Lead in Launching Endow Kentucky

     

    Tony Wilder, DLG Commissioner, Recognized for His Lead in Launching Endow Kentucky

    Department for Local Government 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. The awards were presented by KPI's executive director, Michael J. Hammons. The Kentucky ...(MORE)

  • Public Officials Receive Commonwealth Award

     

    Public Officials Receive Commonwealth Award

    Rep. Fitz Steele and Sen. Brandon Smith with Gerry Roll, executive director of the Hazard Perry County Community Foundation. 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 contribution...(MORE)

  • ENDOW KENTUCKY PROGRAM

    ENDOW KENTUCKY
    In an effort to increase philanthropic activity across the Commonwealth, the 2010 General Assembly passed Senate Bill 227 (KRS 147A.300) that provided for the establishment of the Endow Kentucky Program and Commission.

    Endow Kentucky’s purpose is to enhance the quality of life for citizens of the Commonwealth through increased philanthropic activity by providing capital to new and existing citizen groups of the Commonwealth organized as community foundations; working to establish endowment funds that will address community needs; and to encourage individuals, businesses, and organizations to give to community foundations.

    The Kentucky Philanthropy Initiative’s Transfer of Wealth LINK study clearly shows the intergenerational transfer of wealth that is taking place, and the difference that keeping these resources close to home through permanent endowments can make for a community’s future.

    WHAT IS A COMMUNITY FOUNDATION?
    A community foundation is a tax-exempt, nonprofit, autonomous, publicly supported, nonsectarian philanthropic institution with a long term goal of building permanent, named component funds established by many separate donors to carry out their charitable interests and for the broad-based charitable interest of and for the benefit of residents of a defined geographic area.
    Adopted by the Community Foundations Leadership Team (3/3/08)

    TAX CREDIT
    As part of the Endow Kentucky Initiative, the General Assembly authorized $1 million in state tax credits in each biennium for an endowment gift to permanent endowment funds of qualified community foundations. In order to be qualified, community foundations must be found to be in substantial compliance with the Council on Foundation’s national standards and certified by the Endow Kentucky 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. The credit may be taken against individual income tax, corporation income tax and limited liability entity tax. Any approved tax credit that cannot be used by the taxpayer during a particular taxable year may be carried forward for use in a subsequent taxable year(s), for a period not to exceed five (5) years.

    ENDOW KENTUCKY COMMISSION

    Governor Steve Beshear appointed the following individuals to serve as members of the Endow Kentucky Commission:

    Michael J. Hammons of Park Hills
    Mark A. Campisano of Prospect
    Wynn L. Radford, III of Hopkinsville
    Arthur Salomon of Lexington
    Anthony “Tony” Watkins of Benton
    Michael W. Hobbs of Ashland
    Jiten S. Shah of Owensboro
    Gerry F. Roll of Busy
    Jennifer L. Wethington of Bowling Green
    Davette B. Swiney of Elizabethtown

    CERTIFIED COMMUNITY FOUNDATIONS

    The following Community Foundations are certified under the Endow Kentucky Commission:

    Bluegrass Community Foundation LINK.

    Community Foundation of Christian, Todd & Trigg Counties LINK

    Foundation for Appalachian Kentucky LINK

    Community Foundation of Louisville LINK

    Community Foundation of West Kentucky LINK

    Northern Kentucky Fund/Greater Cincinnati Foundation LINK

    Foundation for the Tri-State Community LINK

    Central Kentucky Community Foundation LINK

    Lake Area Foundation LINK

    INITIATIVES

    The Appalachian Rural Development Philanthropy Initiative (ARDPI) is committed to helping the distressed counties of eastern Kentucky build the capacity to capture financial assets that will provide the long-term resources for community transformation. This work encourages citizen leaders to promote a culture of philanthropy and to create structures such as community foundations that will secure these assets for generations to come.




    FOR MORE INFORMATION

    Endow Kentucky
    Harry Carver
    harry.carver@ky.gov
    502-573-2382

    Brushy Fork Institute http://www.berea.edu/brushy-fork-institute/ardpi/
    Donna Morgan
    Donna_Morgan@berea.edu
    859-985-3858

    Kentucky Philanthropy Initiative http://www.kyphilanthrophy.com/
    Joe Clabes
    joe@blockclabes.com
    859-825-8409

    Revenue Department http://revenue.ky.gov/forms/
    Regina Ritchey
    Regina.Ritchey@ky.gov
    502-564-7256





     

    Downloads
    2011 KPI Commonwealth Awards (.pdf - 16 kb)