Community Foundation of West Kentucky

Ten Reasons People Choose to Give Through a Community Foundation

We build endowment funds that benefit the community forever (by investing principal, then using investment income to make charitable grants).
We help donors establish a personal legacy by creating permanent funds in their names.
We offer ways for donors to stay involved in identifying uses for their charitable gifts.
We are a local organization that meets a broad range of ever-changing local needs.
We offer a simple way to fulfill multiple charitable interests; donors can give through us to a number of non-profit organizations.
We provide personalized donor service to support each donor’s unique charitable interests and financial circumstances.
We accept a wide variety of assets; donors can make gifts of cash, appreciated stock, bonds, real estate, or personal property.
We offer maximum tax advantages under State and Federal law.
We help preserve donor intent, even if an organization receiving grants ceases to exist in the future.
We practice prudent stewardship and carefully manage each fund.

Unrestricted Fund

This is the broadest and most flexible fund option. Your donation can extend to any charitable organization serving emerging or chronic needs in our community. Your unrestricted fund will be a living legacy to support changing needs in the community.

Field of Interest Fund

Without naming specific charities, this fund allows you to address an issue or topic important to you. You identify the purpose and the Foundation will select projects that most effectively accomplish the goals you set. Examples include. . . meeting the needs of children, combating illiteracy, or promoting the fine arts or humanities.

Designated Fund

A specific charitable organization can be supported in perpetuity through this type of fund. The Foundation's Board will ensure that the designated recipient receive maximum financial support as long as it continues to fulfill the original charitable purpose. If the agency ceases to exist, the board can select an alternative charity specified by the fund document.

Scholarship Fund

You can help young people in our community to further their education through this type o(fund. Scholarship funds can be general and open to the public, or target a geographic area, specific school, or a particular area of study. You may also be involved in the selection process by participating in an independent selection committee. Some donors choose to mentor students after awards are presented.

Donor Advised Fund

This fund operates much like a personal or family foundation. You may contribute to your fund whenever it's convenient, and recommend gifts as you prefer. Donor advised funds allow donors to be actively involved in the grant distribution process.

Agency or Non-Profit Organization Funds

Non-profit organizations can entrust their endowments to the Community Foundation and benefit from the management and investment expertise of the Foundation board members, advisory committees, and professionals. The Foundation welcomes true endowment funds and views the management of agency endowments as a service. This type of fund is not appropriate for operating reserves.

Temporary Fund

This fund addresses specific, short term issues. You make one gift to the Foundation and receive a tax deduction immediately. Later, you instruct the Foundation to make distributions from the fund to specific charities or projects of your choice. Temporary funds offer flexibility, easy record keeping and simplified tax reporting.

Future Fund (Deferred Giving)

Deferred giving allows you to plan for a significant gift in the future while meeting your current financial responsibilities.
Your giving may take the form of a bequest, a charitable remainder trust, or charitable gift annuity. These bequests are created through your will, and may be changed at any time.

CFWK ENDOWED - DONOR ADVISED FUNDS
William and Virginia Black Endowment Fund Lanelle P. Boyles Endowment Fund Florence Phelps Endowment Fund Fred and Peggy Paxton Endowment Fund McCracken County Community Career Development Endowment Edward Jones Community Endowment Fund Paducah Bank Community Endowment Fund Mary Helen Wegmann Designated Endowment Fund Paxton Media Group Endowment Fund Kim Henson Memorial Endowment Fund Wally O. and Geraldine Montgomery Administration Endowment Jane Peck Endowment Fund Lena King Nickell Memorial Endowment Fund Quigley-Langstaff Fund John E. Robinson Memorial Endowment Fund Graydon Seaton Endowment Fund Orr Mausoleum Endowment J. U. Kevil Cemetery Endowment Fund John and Vivan Williams Family Fund Andrea LeFan Endowment Fund Mary Herpel Fund Pennies for the Future Endowment Fund Bryant Law Firm Fund CFWK Philanthropy Fund James and Audelle Biggs Endowment Fund James Community Fund
NONPROFITS - AGENCY FUNDS
Market House Theatre Market House Museum Western Baptist Hospital River Heritage Museum Museum of American Quilters Society Easter Seals of West KY Lourdes Foundation Reidland H.S Alumni Paducah Cooperative Ministry Child Watch Mid-town Neighborhood Fund Merryman House Community Christian Academy River City Mission Hope Unlimited United Way of Paducah Paducah/McCracken Co. Senior Citizens Lions Club of Paducah Downtown Kiwanis Club Paxton Park Golf Course Paxton Park Youth Golf Rehab Associates Foundation Friends of Clarks River Paducah Summer Festival Luther Carson Four Rivers Center Paducah Wall to Wall Murals Sharpe Missionary Baptist Church Rotary Club/ Baron White Fund McCracken County Community Career End St. Nicholas Clinic Habitat for Humanity Marshall County Band Boosters Paducah chapter of the American Red Cross Civil Air Patrol	Community Foundation of West KY supports the Paducah chapter of the American Red Cross in disaster relief efforts
TEMPORARY FUNDS (NON-ENDOWED)
Joe and Jeane Framptom Fund Eugene Katterjohn, Jr. Fund Louise Katterjohn Fund Montgomery Temporary Fund Toni Miller Fund Julian Marx Fund Michael and Betty Polashock Fund Joe and Cathy Burkhead Fund Irv and Jane Bright Fund Avery Crounse Fund Kelsey Ladt Fund