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Families choose to give through community foundations

Ten Reasons People Choose to Give Through a Community Foundation

  1. We build endowment funds that benefit the community forever (by investing principal, then using investment income to make charitable grants).
  2. We help donors establish a personal legacy by creating permanent funds in their names.
  3. We offer ways for donors to stay involved in identifying uses for their charitable gifts.
  4. We are a local organization that meets a broad range of ever-changing local needs.
  5. We offer a simple way to fulfill multiple charitable interests; donors can give through us to a number of non-profit organizations.
  6. We provide personalized donor service to support each donor’s unique charitable interests and financial circumstances.
  7. We accept a wide variety of assets; donors can make gifts of cash, appreciated stock, bonds, real estate, or personal property.
  8. We offer maximum tax advantages under State and Federal law.
  9. We help preserve donor intent, even if an organization receiving grants ceases to exist in the future.
  10. 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.

Donor Guidelines can be found here.
Click here for Donor Advised Fund Online Form.
To download a print version, click here.

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.

 

DESIGNATED FUNDS
James and Audelle Biggs Endowment
Clyde F. Boyles Memorial Greenway Fund
Lanelle Phelps Boyles Endowment
Carlisle County Schools Future Fund
Crittenden County Excellence in Education Fund
Buck Lay Designated Endowment
McCracken County Community Career Endowment
Geraldine Montgomery CFWK Endowment
Paxton Media Group
Florence Grubbs Phelps Endowment Fund
Marilyn and Edward Tilford Endowment
Mary Helen Wegman Endowment
 
DONOR ADVISED FUNDS

William R. and Virginia G. Black Endowment Fund

C. J. and Nancy W. Black Donor Advised Fund

Tommy Blair Fund

Irv and Jane Bright

Joe and Cathy Burkhead Fund

Edward Jones Fund

Merle W. Fowler Family Fund

Joe and Jeane Framptom Fund

James Community Fund

James Marine Christmas Kids Fund

Kelsey Ladt Make A Difference Fund

Julius Marx Memorial

Toni Miller Fund

Wally & Geraldine Montgomery Fund

Paducah Bank Community Fund

Fred and Peggy Paxton Endowment Fund

The Jane Peck Memorial Fund

Michael and Betty Polashock Fund

Jerry and Linda Severns Temporary Fund

Williams Family Fund

 
red cross volunteers help those in need
Community Foundation of West KY
supports the Paducah chapter of the American Red
Cross in disaster relief efforts
FISCAL SPONSORSHIPS
Calling All Colors Fund
Marshall County Band Boosters Fund
S & W Productions Metropolitan Hotel Fund
Wallace Park National Register District Nomination Fund
West Kentucky Mentoring
 
NONPROFIT ENDOWMENT FUNDS
Bellewood Presbyterian Home Nonprofit Endowment
Luther Carson Four Rivers Center
Civil Air Patrol Nonprofit Endowment
Child Watch Nonprofit Endowment
Community Christian Academy Nonprofit Endowment
Easter Seals of West Kentucky Nonprofit Endowment
Family Service Society Nonprofit Endowment
Habitat for Humanity Nonprofit Endowment
Hope Unlimited Nonprofit Endowment
Lions Club Telethon Nonprofit Endowment
Lourdes Foundation Nonprofit Endowment
Market House Museum Nonprofit Endowment
Market House Theater Nonprofit Endowment
Merryman House Nonprofit Endowment
Museum of American Quilters Nonprofit Endowment
Paducah Cooperative Ministry Nonprofit Endowment
Paducah Summer Festival Nonprofit Endowment
Paxton Park Golf Endowment Nonprofit Endowment
Paxton Park Youth Golf Nonprofit Endowment
Project Aids Orphan Nonprofit Endowment
Paducah Area Chapter of the American Red Cross Nonprofit Endowment
Rehab Associates Foundation Nonprofit Endowment
River City Mission Nonprofit Endowment
River Heritage Museum Nonprofit Endowment
Paducah/McCracken Cty Senior Citizens Nonprofit Endowment
St. Nicholas Nonprofit Endowment
Western Baptist Hospital Foundation, Inc. Nonprofit Endowment
 
SCHOLARSHIP FUNDS
Heath High School Tilford Scholarship Fund
Kim Henson Scholarship
Andrew Johnson Memorial Scholarship Fund
Kiwanis Club Sirk Scholarship
Andrea Kay LeFan Memorial Scholarship Fund
Pennies for the Future Scholarship
Reidland High School Alumni Scholarship
John Robinson Scholarship Fund
Rotary Club Education Assistance
Seaton Endowment
USEC Scholarship Fund
 
TRUSTS
Handlin White Chapel Cemetery Trust
Mary A. Hough Herpel Charitable Remainder Trust
J. U. Kevil Endowment Trust
Oak Grove Cemetery Trust
Cornelius Orr Mausoleum Trust
Tyner Trust Cemetery Fund
 
UNRESTRICTED FUNDS
Community Fund
 

 

 
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