Where purpose meets impact
People create funds for lots of reasons. The Foundation for Appalachian Kentucky helps you figure out how to give in a way that’s most meaningful for you while making the greatest impact in communities.
| Option | who it’s for | Minimum | Who it serves | Why it matters |
|---|---|---|---|---|
| Named Fund | Fund is directed to support a specific named purpose that the donors have named in the Fund Agreement | $5,000 | ||
| Donor-Advised Fund | People or organizations who want to receive an immediate tax deduction, and then recommend grants from the fund over time. | $10,000 | Benefit multiple charities with one gift- rather than writing multiple checks and tracking numerous receipts, you only need your receipt for your gift to the Foundation for Appalachian Kentucky. Involve your family in philanthropy- you can name children and grandchildren to your fund’s Advisory Committee and provide hands-on experience in charitable giving. | Easy and effective way to meet the Philanthropic Goals for you and your family and leave a legacy for generations. |
| Agency Fund | Nonprofits may create an endowment fund and receive annual grants from the fund while allowing the corpus to grow. | No minimum | May provide donors with access to the Endow Kentucky Tax Credit, a 20% state tax credit available exclusively for gifts to qualified endowments held at qualified Kentucky community foundations. | Enables board members and staff to focus on the organization’s mission and endowment building while the Foundation for Appalachian Kentucky focuses on the investment of the endowment. |
| Community Fund | People or organizations who want to support a specific community | No minimum | Our supported communities, found here | Funds given to this community stay in this community. A local Board of Advisors ensures that these funds are designated for their highest and best use. |
| Scholarship Funds | People or organizations who want to invest in the future of local communities | $25,000 | Students pursuing higher education | Deserving students receive financial assistance and academic recognition. You can make a permanent impact on the lives of recipients, who in turn are likely to continue the tradition of helping others. |
| Field of Interest Fund | A person who has a passion for an area of interest that you are able to support now and for years to come. | $5,000 | You determine the area of charitable interest your field of interest fund will support. The Foundation for Appalachian Kentucky will annually distribute grants from your funds to areas of need in the area of interest you have determined. | You can support the causes you care about today, but also make sure they are taken care of in the years to come. |
| Fiscal Sponsorship | A group of people or organizations can achieve their charitable mission by working under the Foundation for Appalachian Kentucky’s charitable umbrella. | Must Complete required application and be approved. | This is for groups of people and organizations that are not ready to apply for tax exempt status with the IRS, but are ready to start fundraising, writing grant applications, and implementing their program. | |
| Memorial/Celebration Fund | People or organizations who want to honor family members, friends and colleagues | Celebrate someone important to you with a fund that multiple donors can easily support over a fixed period of time. |
Find your administrative fee schedule here
IF YOU’D LIKE TO SET UP A FUND
Please contact Tonya Shepherd at tonya@appalachianky.org or (606) 439-1357
