Mobilizing people, networks, and capital to spark meaningful and measurable change in and beyond Louisville
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We believe everyone has the potential to drive change in their community.
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Community Foundation of Louisville | cflouisville.org
A Message from Our Board Chair and President & CEO The Community Foundation of Louisville holds a unique position in this region’s philanthropic sector. We steward the financial philanthropic assets and charitable aspirations of our thousands of fundholders and donors, whom we fondly see as our community investors. We also work to inspire more generosity and attention focused on identifying and increasing capital resources, deepening collaboration, and searching for solutions to the vital issues of our community. For 40 years, we have served as a partner to those working to build stronger, more resilient communities, especially here in Louisville. At our core, we are a financial institution that provides excellent, flexible, innovative, and personalized service that assures our donors achieve their charitable goals. The Community Foundation of Louisville is committed to advancing opportunity for all and we recognize that the legacy of inequities - especially racial ones - must be addressed for Louisville to realize its best possible future. We do this by serving as convener, connector, funder, data analyst, and intentional seeker of solutions. Through the Fund for Louisville and our Action Areas (Page 8) we are mobilizing capital to spark meaningful and lasting change in our community. We ask that you join us. This is your invitation to support our community leadership work. Let us - together - answer this call to action to seek a more prosperous, safe, and equitable Louisville for all Its residents. Sincerely,
Elizabeth Fust Board Chair
Community Foundation of Louisville | cflouisville.org
Ron Gallo
President & CEO
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A Financial Institution with a Social Mission The Community Foundation of Louisville mobilizes people, networks, and capital to spark change in and beyond Louisville. With our combination of local knowledge, community investing and a commitment to sustainable impact, we connect people to relevant causes. While the Foundation has and continues to address a wide range of issues, a key priority of the Foundation’s mission is to advance racial equity and open opportunity for all.
Philanthropic Services
Client Stewardship Grant Services Gift Planning Mission Aligned Investing Scholarships
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Community Foundation of Louisville | cflouisville.org
Community Leadership
Fund for Louisville Action Areas Local Impact Investing Give for Good Louisville Legacy Programs Data & Research Policy & Advocacy
Community Foundation of Louisville | cflouisville.org
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Informing and Inspiring Generosity Philanthropic Services
As a trusted philanthropic partner, our Philanthropic Services team offers high-quality, personalized services that help you accomplish your charitable goals. We work with you to customize your current giving, provide tax-smart solutions, create your charitable legacy, handle complex gifts, and share advice about local community needs.
Flexible, Innovative, and Personalized Charitable Solutions Donor Advised Funds (DAFs) Charitable Checking Funds Simplified Giving Options Investment and Stewardship Excellence Supporting Philanthropic Legacies Scholarships
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Community Foundation of Louisville | cflouisville.org
Engaging Partners and Driving Capital for Impact Community Leadership
The Community Leadership team is comprised of Community Engagement and Community Investment. Our Community Engagement team works in collaboration with community partners to strengthen Black and other marginalized communities, with a special emphasis on Louisville’s well-being, people and prosperity. We: Work for a more connected, inclusive, and safe Louisville Increase funding, networks, and knowledge for groups, nonprofits, projects, and causes Provide Foundation fundholders with increased knowledge and awareness to support local solutions Amplify Black, Indigenous, and People of Color (BIPOC) contributions to Louisville’s prosperity Implement trust-based and participatory decision-making practices Our Community Investment team works to source and support investments toward a more equitable Louisville. We: Manage and lead local impact investing (i.e., loans, guarantees, partnerships with other financial institutions, and various equity investments) Support the Foundation’s strategic partnership with the Louisville Urban League to further develop and implement an investment plan for A Path Forward Build capacity for equitable capital absorption and investment
Community Foundation of Louisville | cflouisville.org
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Three Ways to Support Our Work Invest in a Louisville Where Everyone Has a Pathway to Opportunity
We invite you to support the work of the Community Foundation of Louisville as we move more resources into the community, prioritize racial equity, and grow our capacity to continue to serve Louisville as a trusted philanthropic leader and community advocate.
Fund for Louisville
The Fund for Louisville exists to receive contributions from those who seek to strengthen our community now and for future generations. The Community Foundation of Louisville stewards this Fund, stays informed about our community’s evolving needs, and monitors trends in community and neighborhood data. The Fund responds by issuing grants to nonprofit organizations and working with others to advance solutions that seek lasting and transformational impact. When you give to the Fund for Louisville, you are increasing the Foundation’s capacity to address Louisville’s most pressing needs (which we currently define as the three action areas outlined below.)
Action Areas Supported through the Fund for Louisville Louisville’s Well-Being: Focus: Access to fair and just opportunities for people to be healthy and reach their full potential. Areas of investment can include: violence reduction, food access, stable housing, affordable healthcare, and childcare. Louisville’s People: Focus: Supporting ways we express, experience, develop and honor humanity. Areas of investment can include: the arts, public spaces, schools, museums, education, and leadership development and retention. Louisville’s Prosperity: Focus: Promoting robust economic growth, especially among populations facing longstanding barriers to fully contributing to Louisville’s economy. Areas of investment can include: supporting access to capital for businesses, jobs, and community-driven land development.
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Community Foundation of Louisville | cflouisville.org
Invest Louisville
The Community Foundation of Louisville is the leader for local impact investing in our region. Our goal is to drive greater gains for Louisville and economic prosperity for all through investment in affordable housing, entrepreneurship, and community facilities. We are seeking collaborators to exponentially grow philanthropic assets deployed for local impact... today and in years to come. Today, through our impact investing loan program, the Foundation is invested in high impact projects that create positive social impact alongside financial returns. Unlike grants, Invest Louisville loans are intended to be repaid to the Foundation and can be “recycled” back into the community through additional loans or grants. To date, we have loaned $4.5 million, fueling small businesses and stable affordable housing for Louisvillians.
Community Leadership Fund
Contributions to the Community Leadership Fund pay for the day-to-day operating costs of our Community Leadership work. This crucial support allows the Foundation to expand its role as a major civic leader in our region. Please help us increase our capacity to coordinate and drive much-needed capital into our communities, convene leaders on critical issues, and deliver innovative programs.
Together Let’s Put Generosity in Motion!
Community Foundation of Louisville | cflouisville.org
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Community Leadership in Action Give for Good Louisville Since 2014, the Community Foundation of Louisville has hosted Kentuckiana’s largest online giving day - Give for Good Louisville. Over the years, Give for Good Louisville has mobilized more than 160,000 people to invest $60 million into local organizations across Kentucky and Southern Indiana. This effort is generously supported by Foundation fundholders, corporate partners, individuals, and other community investors. Local nonprofit organizations, churches, and schools are eligible to participate in the giving day. Participating organizations get access to a secure and reliable fundraising platform, trainings, and most importantly, they get to leverage the attention and momentum generated by so many working together to spark generosity across Kentuckiana.
$60 million to local organizations across Kentucky and Southern Indiana
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Community Foundation of Louisville | cflouisville.org
Racial Justice Cohort The inception of the Racial Justice Cohort began with the Community Foundation of Louisville shifting its grantmaking process for the very first time to a trust-based philanthropy model. Reflecting upon the policies that created barriers for Black- and Brown-led organizations receiving grant funds, the Foundation enlisted community members who came together to design the intent, approach, and selection process for the cohort. In June 2021, 12 Black-led social change organizations accepted an invitation to form the Racial Justice Cohort (RJC), each receiving $40,000 renewable, multi-year, unrestricted grants. The RJC has flourished, fostering collaboration amongst the cohort to provide much needed resources to Louisville’s Black, Brown, and People of Color (BIPOC) communities. The 2021 – 2023 Racial Justice Cohort: Academy of Music Production Education (AMPED), Black Community Development Corporation (Black CDC), Bridge Kids International (BKI), Cultivating the Youth Experience, DeCode Project, HHN2L: Hip Hop into Learning, The Hope Buss, Play Cousins Collective, River City Drum Corp Cultural Arts Institute, Inc. (RCDC), Sowing Seeds with Faith, TECH-Nique, West Louisville Math and Science Project
Vision: A Louisville that achieves racial equity and advances opportunity for all
“This relationship with The Lewis Prize will take us to the next level. While realizing this is a huge accomplishment, none of this would be possible if the Racial Justice Cohort [hadn’t invested] in us first [because] we wouldn’t have been qualified to submit a grant to The Lewis Prize [otherwise.] -Antonio Taylor, Co-Founder of Hip Hop Into Learning, a member of the Racial Justice Cohort after being awarded $500,000 as a finalist for The Lewis Prize for Music. Community Foundation of Louisville | cflouisville.org
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Community Safety & Healing Fund In recent years, our community has been plagued with gun violence. In response, the Community Safety and Healing Fund (CSHF) was established through the Community Foundation of Louisville in 2022, in partnership with the James Graham Brown Foundation, Cities United and the Louisville Metro Office for Safe and Healthy Neighborhoods. The goal of the CSHF, is to make our community safer by enhancing existing efforts to reduce gun violence among populations most likely to be impacted by community violence. The CSHF focuses on providing resources to organizations that are working to reduce and prevent gun violence as well as support gun violence survivors. To date, the fund has disbursed over $1.5 million to gun violence intervention nonprofits thanks to generous community investors. The CSHF intends to support annual grants over the next ten years, filling high priority gaps left by other sources of funding. CSHF grant recipients as of July 2023: Ace Project, Access Justice, African American Male Wellness Agency, Center for Neighborhoods, Interfaith Paths to Peace, Joshua Community Connectors, Legal Aid Society, Louisville Urban League, MOLO Village, No More Red Dots, PAVE, Peace Educations Pivot to Peace, Pinwheel Group, Play Cousins Collective, Sowing Seeds with Faith, Spalding University for Collective Care Center, YouthBuild, University of Louisville Foundation for U of L Hospital Trauma Institute, Volunteers of America, Wellspring
To date, the fund has disbursed over $1.5 million to gun violence intervention nonprofits
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Community Foundation of Louisville | cflouisville.org
Local Impact Investing The Community Foundation of Louisville made an impact loan in 2020 to Housing Partnership Inc. for their Beyond 9th Street Initiative. Since the loan was made, 60 homes have been renovated and completed for sale. This represents 100% of the target number of homes to be renovated as part of the loan. An estimated 113 new jobs have been created through renovation efforts, with 11 minority-owned businesses engaged in those renovations. Of the 52 homes sold as of this publication, an average of $55,464 was added in value, 51 went to first-time home buyers and 50% received Down Payment Assistance. 67% of the home buyers are female, 85% non-white, 44% make between 50-100% Area Median Income and 50% make below 49% Area Median Income. This $500,000 loan was repaid in 2023, and has fueled countless lives, businesses, and neighborhood trajectories thanks to HPI’s affordable housing expertise and generous community investors working together through the Community Foundation of Louisville’s local impact investing practice.
Together with our partners we’re inspiring greater generosity to move us all forward.
Community Foundation of Louisville | cflouisville.org
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One Louisville: Covid Relief Fund
In March 2020, the Community Foundation of Louisville together with Louisville Metro Government, Metro United Way, and other community partners established the One Louisville: COVID-19 Response Fund to rapidly deploy resources to individuals and community-based organizations impacted by the COVID-19 pandemic. This emergency response fund provided flexible funding resources for rental assistance, childcare assistance, transportation aid, food access, utility assistance and other support via $1,000 payments to eligible households.
Vogt Invention and Innovation Fund
The Vogt Invention and Innovation Fund and the Vogt Awards were established by Henry Vogt Heuser, Sr., to strengthen Louisville’s prosperity by supporting innovative businesses and inspiring entrepreneurship. In 1999, Mr. Heuser made a $5 million endowed gift to create and perpetually finance funds to provide engineers, scientists, and entrepreneurs with grants to support product development and commercialization of ideas.
George & Mary Alice Hadley Fund
For over 30 years, the George and Mary Alice Hadley Fund has provided dollars to support the arts and humanities with a special emphasis on the visual arts, crafts, theater, and the Louisville Free Public Library. This endowed fund continues to support Louisville’s people through artist professional development, youth creative opportunities, highlighting immigrant cultures, and other forms of diverse creative expression.
Data & Policy
For nearly 18 years, the Community Foundation of Louisville held and sponsored the Greater Louisville Project (GLP), which deservedly earned an excellent reputation for generating and analyzing data about essential issues confronting the Louisville Metro area. The project’s reports prompted the education program 55,000 Degrees and informed the Foundation’s capacity building grantmaking to neighborhoods most impacted by poverty. With the sunsetting of GLP earlier this year, the Foundation is now bringing this function in house, continuing the important legacy of gathering, analyzing, and candidly presenting data, but emphasizing to a greater degree than in the past, the identification and implementation of solutions.
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Community Foundation of Louisville | cflouisville.org
Grant Distributions in 2022 Total Grants
Grants by Geography
Grants by Category
Community Foundation of Louisville | cflouisville.org
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Capital Sparking Change
Impact
Ron Gallo Anne McKune
President & CEO rong@cflouisville.org 502.855.6947
Vice President, Advancement annemc@cflouisville.org 502.855.6948