It organizes funding efforts to improve effectiveness and sustainability of the nonprofit sector over time, ensuring a strong future for our community. The Union County Community Foundation maximizes the impact of every donor’s dollar with a variety of giving options. Established Funds
Union County Community Fund: The Community Fund distributes annual grants to Union County nonprofits through a tr
aditional grant cycle. Union County Community Endowment: Donations to the endowment are eligible for the EndowKentucky Tax Credit (20% of the gift up to $10,000). The credit is available to both individuals and businesses. Happy Feet Agency Fund: Donations to the Happy Feet Agency Fund supports sustainability of Happy Feet in Union County. Donors may:
* Give to an established fund.
* Establish a donor advised fund. A donor-advised fund is like a charitable investment account, for the sole purpose of supporting charitable organizations you care about. When you contribute cash, securities or other assets to a donor-advised fund at the community foundation, you are generally eligible to take an immediate tax deduction. Then those funds can be invested for tax-free growth and you can recommend grants to IRS-qualified nonprofits.
*Establish a nonprofit agency fund or endowment for a nonprofit. Nonprofits may:
* Establish a nonprofit agency fund or endowment. Both the nonprofit agency fund and endowment funds are invested and accept cash, securities, or other assets. Nonprofits use the annual return from the fund as a reliable stream of revenue. The principle remains accessible to the nonprofit if non-endowed but is inaccessible if endowed. The average annual return for funds with the community foundation is 8%. The current spendable is 4%. Union County Community Foundation is an affiliate of the Community Foundation of West Kentucky. All funds are professionally managed by CFWK.
