Community Foundation of Louisville Historical Narrative

O R G A N I Z AT I O N H I G H L I G H T S F R O M 1 9 8 4 – 2 0 2 0

NARRATIVE

COMMUNITY FOUNDATION OF LOUISVILLE 325 W. MAIN ST. #1110 LOUISVILLE, KY 40202 –

WWW.CFLOUISVILLE.ORG

CONTENTS 1984–85 01

1997 21

2009 42

1986 03

1998 23

2010 43

1987 05

1999 25

2011 45

1988 07

2000 27

2012 47

1989 09

2001 29

2013 49

1990 10

2002 31

2014 50

1991 11

2003 33

2015 51

1992 13

2004 34

2016 53

1993 15

2005 35

2017 54

1994 17

2006 37

2018 55

1995 19

2007 39

2019 56

1996 20

2008 41

2020 57

Financial references and leadership roles are based on the fiscal year ending June 30. Commentary is sourced from published content and may represent fiscal or calendar year reporting.

1984–85

In 1984, the Foundation announced that Baylor Landrum, Jr. was appointed as the President of the Foundation.

In 1985, Louisville Community Foundation, “LCF,”

celebrated

its

inaugural

year

distributing $90,000 in grants to local charitable,

educational,

organizations. distributed

Having

funds

for

and collected

five

years,

civic and the

Foundation gave more than $455,000 in grants to local charitable, educational, and civic organizations up to this year.

1984 Total Assets: $1.1 million Total Gifts: $45,000 Total Grants: $107,000 1985 Total Assets: $1.3 million Total Gifts: $146,000 Total Grants: $90,000

Board Chair: Wilson W. Wyatt, Sr. President: Baylor Landrum, Jr.

The most effective program during 1984–85 was the Foundation’s 1985 Teacher Recognition Program; 233 area high school teachers from public, private, and parochial high schools applied for competitive grants to increase their teaching skills, with awards going to 63 teachers based on applications for specific projects and reviewed by a group of able volunteers. Total grants amounted to more than $62,000.

The Teacher Recognition Program was combined with a special program administered by the Foundation, to recognize teachers of mathematics sponsored by the General Electric Foundation. The General Electric Foundation program made grants available to mathematics teachers in all grade levels within public, private, and parochial schools in Louisville and Jefferson County. This program was sponsored by grants from Louisville Community Foundation, and from Cralle Foundation, Bingham Enterprises Foundation, and George W. Norton Foundation.

An introduction to the 1985 annual report reads: “LOUISVILLE COMMUNITY FOUNDATION, as a service for public-spirited donors, is a permanent, charitable pool of funds accumulated from individuals, families, private foundations and other organizations.

These funds are professionally managed with income used to advance the interests of the community. Through the Foundation, even modest contributions can receive professional administration at very low cost.

Louisville Community Foundation, as a public foundation, is exempt from the special rules affecting private foundations. It is able to

offer a wide range of services to donors.

Gifts to the Foundation receive the maximum tax benefits allowed by law. The Foundation is one of 305 such public foundations across the country.

The Foundation is governed by a 36-member voluntary Board of Directors who are respected in the community. The Board ensures that funds in the Foundation are well managed and that the grant program is in keeping with the needs of the community and the wishes of donors.

Grants are made to tax exempt organizations in the Louisville area in the fields of arts and humanities, human services, health services, education, and civic affairs.”

Grantees included Teacher Recognition Program, Young Women’s Christian Association, Louisville Orchestra, University of Louisville, Metro United Way, the Louisville Zoo, Bellarmine College, Fund for the Arts, The Filson Club, Louisville Collegiate School, WKPC-Channel 15, Louisville Junior Achievement, The Schizophrenic Foundation, Jefferson County Public Schools Foundation, and others.

02

1986

Your Bridge to the Future is first used as a slogan.

Total Assets: $7 million Total Gifts: $5.8 million Total Grants: $537,000

Board Chair: Wilson W. Wyatt, Sr. President: Baylor Landrum, Jr.

Between 1984 and 1985, holdings were over $1 million and grew to over $7 million by the end of 1986.

A note in the 1986 annual report reads, “I think the key to the Foundation’s growth is a basic concept: service to the donor.”

As a way of demonstrating this, LCF began developing new programs to help nonprofit organizations create or increase endowment funds. This year, the first development of Endowment Building Programs for Nonprofit Organizations began, and was considered one of the most unique and comprehensive programs in the country. LCF began looking into new ways to provide efficient services to businesses and corporations to increase their charitable gifts programs, which led to implementation of a Pooled Income Fund as a special service to donors and their matched, favorite charitable organizations.

A letter from the board chair in the 1986 Louisville Community Foundation annual report: “‘What is Louisville Community Foundation?’

Many people ask me that question in the course of a year and I always take pleasure in answering since I find the Community Foundation an exciting concept and a vital service for our community.

As one of some 360 similar foundations in the country, Louisville Community Foundation serves public-spirited people as a pool of charitable funds. It is our charity bank. In addition, its services are used by businesses, private foundations, and other charitable organizations. Its services can be

used by individuals and families during their lifetimes, and afterward, to maximize their life long charitable interests, as well as to save taxes. As a public foundation, its contributors receive the most favorable tax treatment allowed by law.

Because of its preferred tax status, the services of the Foundation are very flexible and can be tailor-made to meet almost any charitable objectives of a donor. For example, any person who decides to create a private foundation can do so more advantageously through LCF. The community’s confidence in the Foundation’s programs is demonstrated by the significant growth in our assets during the fiscal year of 1985–86. Permanent funds rose from $1,380,395 to $3,642,539, while gifts to our new Louisville Community Foundation DEPOSITORY, Inc. amounted to $3,729,373, for a combined total of $7,371,912. That amounts to $6 million in new dollars this year.

Knowing of new funds that are currently under consideration, I am confident in predicting that the overall assets of Louisville Community Foundation will reach $15 to $18 million in the next year or two. Beyond that the Foundation has unlimited growth potential. It is the ideal vehicle for funds designed to benefit our community, now and in the future.”

Wilson W. Wyatt, Sr. Board Chair

04

1987

Our Mission of Service

Total Assets: $17.5 million Total Gifts: $16 million Total Grants: $6 million

Board Chair: Wilson W. Wyatt, Sr. President: Baylor Landrum, Jr.

The Louisville Community Foundation expounded on its mission of service by flexibly meeting new charitable objectives, such as the following: 01. Tax-deductible gifts, with the decisions made later as to which qualified charitable or civic organizations will benefit and when.

02. Named funds, created in present or by will, that will continue the donor’s charitable plans into perpetuity — an advantageous way to create one’s own endowment fund.

03. Permanent endowments created by or for nonprofit organizations to assure donors that the principal will remain intact and the income will continue to help their favorite charity, civic, or cultural group.

04. Charitable trusts, for life income to the donor and the remainder to a chosen charitable, civic, cultural, or educational organization.

In a letter from President Baylor Landrum, Jr., in the 1987 annual report, it is reported that LCF had their offices furnished pro bono and he thanks the dedicated volunteers and John Brown, LCF’s in-house CPA. Computer systems were first installed in this year.

06

1988

A Network of Bridges

Total Assets: $14.5 million Total Gifts: $14.5 million Total Grants: $18 million

Board Chair: Wilson W. Wyatt, Sr. President: Baylor Landrum, Jr.

“With a sound concept, a respected and involved board of directors, and an able staff, our Foundation will continue to increase its impact on our community.

The possibilities are unlimited.”

PRESIDENT BAYLOR LANDRUM, JR.

In 1988, the slogan is expanded upon to say: “Your Bridge to the Future: The Louisville Community Foundation is a lot like a network of bridges.

Through unrestricted funds established by donors and through the leadership activities of the board and committees, the Foundation is able to address the future needs of the local community.

Through the creation of new funds, the Foundation is able to bridge the interests and needs of a diverse population.

Through scholarship funds and the Teacher Awards Program, the Foundation is able to bridge the gap in education. Teachers with progressive ideas for their classrooms can turn these ideas into reality.

Louisville Community Foundation, your bridge to the future, enriches the community today and for generations to come.

In 1988, the fund grew to over $7 million for the first time. In addition, two Depositories had received more than $30 million for charitable gifts. Two major endowments were placed with the Foundation: The Louisville Orchestra Endowment Fund and The Bingham Fellows Endowment Fund of Leadership Louisville. The establishment of a public relations committee began to help the Foundation describe their flexible, costeffective services to prospective donors and their financial and legal advisors. The Grants Committee continued to study the possibility of selecting a community project where the Foundation’s support could impact over a three-year period, i.e. concentrating funds, rather than sprinkling them.

Baylor Landrum, Jr. (President): ‘With a sound concept, a respected and involved board of directors, and an able staff, our Foundation will continue to increase its impact on our community. The possibilities are unlimited.’”

08

1989

Dedicated to Making Charitable Giving Easier

Total Assets: $25.2 million Total Gifts: $26.7 million Total Grants: $17.8 million

Board Chair: Wilson W. Wyatt, Sr. President: Baylor Landrum, Jr.

1989 showed a remarkable growth of the Louisville Community Foundation. Twenty-four

new

individual

and

nonprofit

agency

endowments joined the Foundation and many donors made the additions to existing endowment funds. As a result, permanent endowment funds increased from $7 million to $16 million. This increase reflected a growing community awareness of the Foundation and its flexible, quality services to donors.

In this year, Louisville Community Foundation formed the Adult Literacy Task Force to combat the high level of illiteracy in the Louisville area. The Adult Literacy Program called ADVANCE, was funded through a $250,000 challenge grant from the Ford Foundation. Task Force volunteers worked with area employers who offered worksite classes to employees. Worksite classes offered them the opportunity to advance their education and become better prepared for livable wage jobs.

elementary school 05. Seventy-seven teachers were awarded $50,000 in the fifth year of the Teacher Awards Program.

Other highlights from this year include:

08. Over 275 charitable donors used the Louisville Community Foundation Depository to make charitable donations of over $17 million.

01. Permanent Endowment Funds increased 128% to $16 million.

02. Fourteen new individual permanent endowment funds were added.

06. The new Owen Badgett Self-Esteem Awards Program awarded an additional $50,000 to 52 teachers and school staff members.

07. Elliot Richardson was the first recipient of the “Victory of Spirit” Ethics Award.

09. The Louisville Community Foundation moved into new offices in the Kentucky Home Life Building.

03. Ten new nonprofit agencies joined the Endowment Building Program, adding their endowment funds to permanent funds managed by the Foundation.

04. Grants to the community from permanent funds rose to a record $435,000.

10

1990 Total Assets: $35.8 million Total Gifts: $20.8 million Total Grants: $11.8 million

Board Chair: Wilson W. Wyatt, Sr. President: Baylor Landrum, Jr.

1991

In the seven short years since its launching, Louisville Community Foundation grew to receive more than $29 million in endowment gifts and contributions from individuals and organizations, awarding grants of over $3.7 million to nonprofit organizations throughout Louisville.

The 1991 Annual Report reads: “Each of these gifts had a charitable purpose.

Some were given to memorialize a friend; others to provide for future generations; some created named family funds; others provided endowments for 62 community nonprofit agencies.

Together they make a strong statement about the remarkable commitment of Louisville area residents to the social, civic, and educational needs of their neighbors, and the realization that an investment now, however small, can join with other gifts to provide a tremendous resource for all time.

Community foundations are fond of noting that all things change. Darrell Murphy, who did an excellent job as executive director for our first seven years, left in July for the Dayton Foundation; we wish him well. With great enthusiasm we welcome our new executive director, C. Dennis Riggs. His record of service to nonprofit organizations in Louisville is highly respected; his talent and energies are considerable.

We mourn the loss of board members Dr. Eugene V. Petrik and Henry Heyburn. Gene was largely responsible for the success of our ‘ADVANCE: Education at the Worksite’ Program. Henry’s counsel, especially on long-range planning, was invaluable. We thank Joan Simons, now Mrs. James Brown, for her 4 years of service on the Board and wish her all the best in her new life.”

The pages of the Annual Report from this year celebrated the generosity and vision of LCF’s public-spirited donors with photographs of people whose lives had been helped and enriched through their generosity. In 1991, a record $1.7 million was distributed from restricted, donor advised, and discretionary funds. In December and June, the Board of Directors made discretionary grants totaling $295,000 to 33 community programs to meet a wide range of needs.

Total Assets: $43 million Total Gifts: $16.5 million Total Grants: $11.7 million

Board Chair: Wilson W. Wyatt, Sr. President: Baylor Landrum, Jr.

12

1992

To enrich the quality of life for all citizens in the Louisville area by being a leader in attracting, mobilizing, and focusing philanthropic resources to meet community needs for generations to come.

Total Assets: $47.4 million Total Gifts: $10.5 million Total Grants: $10.1 million

Board Chair: Michael N. Harreld President & CEO: C. Dennis Riggs

In 1992, the Louisville Community Foundation announced C. Dennis Riggs as President and CEO of the Foundation.

The Louisville Community Foundation created a new, detailed Mission Statement and Fulfillment of Mission in 1992. The four fulfillments became: 01. Community Leadership Mobilizing diverse community leaders to identify and evaluate needs and the development of creative responses.

02. Services Providing low-cost, flexible, and taxeffective services to assist donors in meeting their charitable contribution objectives during their lifetimes and beyond.

03. Grant Making Making grants alone or in partnership with other agencies.

04. Building LCF Endowment Funds Building ever-increasing resources under dedicated LCF stewardship with particular emphasis on permanent endowments.

A portion of the letter from the Chair, Wilson W. Wyatt, Sr., from 1992 reads: “In 1984, the Louisville Community Foundation began with a vision and an enthusiastic board of directors. Community foundations were successful in other cities.

There was every reason to anticipate success here, and success we have had. Starting with assets of $1 million, we now have over

$47 million under management. We are one of the nation’s most rapidly growing community foundations. In these eight short years, we have become the 35th largest of the more than 400 in the nation. And the growth has been the direct result of service to donors. We have not grown because we have sought funds for the Foundation, but because donors have sought the benefits the Foundation offers them in accomplishing their charitable objectives: simplicity, flexibility, solidarity, perpetuity, tax advantages, and professional management — all under the direction of a strong and dedicated board of community leaders.”

The total assets from this year under management were $47.4 million (10% over 1991) and consisting of permanent fund assets of $35.5 million (an increase of 22% over the previous year) and $11.9 million in assets managed for the Foundation’s temporary funds within the Depository and Corporate Depository.

Contributions and grants this year from endowment funds, both restricted and discretionary, were $1.6 million. In addition, distributions from donor-directed depository accounts of over $8.4 million benefited hundreds of nonprofit agencies, religious institutions and schools in the region and throughout the country.

This was Wilson W. Wyatt, Sr.’s last year on the board. He served from 1984–1992.

14

1993

Your Partner in Philanthropy

Total Assets: $50.5 million Total Gifts: $10.6 million Total Grants: $10.4 million

Board Chair: Baylor Landrum, Jr. President & CEO: C. Dennis Riggs

“People do not give to the Louisville Community Foundation; people give through the Louisville Community Foundation.”

BOARD CHAIR BAYLOR LANDRUM, JR.

The Annual Report from 1993 begins by reading: “The Louisville Community Foundation exists to enrich the quality of life for all people in Louisville and Jefferson County.

The Foundation embodies a simple concept that people working together can make a difference; that charitable money invested over time will grow and will continue to have an impact long after the gift is made.

By working with public-spirited citizens, we are building endowment resources to meet community needs now and for future generations.

Louisville Community Foundation is your community foundation. We exist to serve donors in this community and throughout the region. We are home to a growing number of charitable funds, created by people and corporations who want to give back to their community and by nonprofit agencies that want to strengthen their ability to serve. We

provide permanent stewardship, efficient administration, and the opportunity for donors to shape their charitable vision.

Donors who establish funds within the Foundation enjoy a number of rewarding benefits. Our services are convenient and trouble-free. Establishing a fund or depository account can be accomplished quickly, easily, and unusually at no cost. Afterwards, donors can enjoy their philanthropy without worrying about government reporting, grant paperwork, audits, and accounting.

Most donors choose the Foundation because they care deeply about philanthropy and about their community. We are privileged to work with so many who have a strong charitable commitment and a vision for the future. We invite you to read through this report and learn more about our donors and the services available for you to become a philanthropist through the Louisville Community Foundation.”

16

1994

Faces of Hope A Decade of Service In 1994, Louisville Community Foundation celebrated its 10th year of service to the Louisville Community.

A message from the Chairman and President reads: “The impressive growth of the Louisville Community Foundation during its first decade is due in large part to the focused and determined leadership of the founding Board. As we prepared this report that covers our 10th year of operation, we were struck by how many of those early leaders are still in our midst and active. The Foundation’s success is a tribute to their goodness, hard work, and innovative leadership.

Total Assets: $56.7 million Total Gifts: $14.1 million Total Grants: $7.9 million

Board Chair: Michael N. Harreld President & CEO: C. Dennis Riggs

Almost every conversation between past and current Board members includes phrases like “The Foundation is maturing,” or “We’ve passed through the adolescent stage of our development.” The metaphors relating to age and growing up fit our evolution well. Young foundations, like young people, go through rapid change, spurts of growth, occasional instability and periodic episodes of changing direction. The approach of young adulthood brings the promise of stability, confidence, and a sense of direction of what we will ultimately become.

The Foundation’s most significant steps toward “adulthood” are its focus on permanent funds, the Board’s decision to actively assess community needs and focus our grant making, the physical and personnel changes and the creation of affiliate community foundations.

Community foundations exist to hold permanent assets for current and future charitable purposes. Louisville needs and deserves a community foundation of at least $100 million. If Louisville can enter the next century with these assets in endowments, income will be available to meet some of our needs of tomorrow. Our emphasis is on permanent funds — charitable legacies, if you will — and that is where we intend to grow. Of course, our Depository or temporary funds will remain a vital part of our mission. This year, your Depository gifts provided more than $7 million for charity.

Emerging foundations often have limited resources for discretionary grant making Because this is so within our foundation, we are focusing our grants where our resources can make a difference. More importantly, the Foundation’s visibility and clout allows us to ask the hard questions and assemble the people and resources necessary to foster real change. Money is not always the answer. Leadership often provides the impetus to tackle and solve big issues. Our first initiative focuses on bettering the lives of children and young families in poverty. We believe we can and will bring about positive change in this community.

Increasingly, professional advisors rely on LCF to help devise the best approach for their clients’ charitable funds. Our recent investments in personnel, software and systems make us more effective in responding to clients and financial advisors.

And, our new offices are well designed to complement our work. Stop by for a visit.

Community foundations typically serve specific locales, and until recently, Kentucky had only two incorporated community foundations — in Louisville and in Ashland.

Much of the state was underserved. Our Board recognized this need and began using the Foundation to help key Kentucky communities establish local community foundations. In 1993/94, Hardin County and Owensboro-Daviess County formed foundations. They are locally led, locally governed and directed toward local needs.

Louisville serves as fiduciary for these affiliates — managing assets, distributing grants and mentoring their local development efforts. Now with our help, other fine communities can receive the benefits we have long enjoyed.

What will the year 1994/95 bring? While we continue fulfilling our philanthropic mission, the retirement of several fine Board members will surely leave a void. In closing, we offer tribute to all those who made this first decade so dynamic and productive, especially our numerous donors who consider the Community Foundation their foundation. They are the lifeblood of our work today and their charitable dreams will be the stepping stones to a better tomorrow for our entire community.”

In 1994, Louisville Community Foundation facilitated grants of $7.9 million to charitable programs, with $2.1 million paid from endowments. Additionally, the Foundation began to see an important part of its role as unifying community leadership, by mobilizing diverse community leaders to identify and evaluate needs and develop creative responses. LCF began focusing resources by helping coordinate programs that addressed issues facing children and young families in poverty.

18

1995

“Permanent, strong, enduring – good words to describe both a bridge and our Community Foundation.”

COMMUNITY FOUNDATION OF LOUISVILLE

In 1995, Louisville Community Foundation changed its name to the Community Foundation of Louisville (CFL).

In order to more fully describe the scope of funds and programs of the Community Foundation, leadership decided to add profiles of several funds and their Self-Sufficiency Initiative to the Annual Report.

By this time, the Foundation managed 200 Endowment funds and 374 Temporary funds.

Together these resulted in $9.8 million in grants and income distributions to nonprofit organizations in 1994/95. They offered the report to the community to demonstrate how the Community Foundation met their charitable needs then and into the future.

This year, the Foundation revealed a new logo: the fleur-de-lis (the first of several iterations). When designing the logo, they thought it should include the symbol because it is so closely tied to Louisville.

The fleur-de-lis differed somewhat from the

Total Assets: $70.2 million Total Gifts: $13.9 million Total Grants: $9.8 million

Board Chair: Nolen C. Allen President & CEO: C. Dennis Riggs

usual, since it depicted one that was made of stone — “one that will last a very long time.” They based the design on the fleurde-lis carved into the limestone pillars of the Clark Memorial Bridge. “Permanent, strong, enduring — good words to describe both a bridge and our Community Foundation.”

By the end of this year, total assets stood at $70.3 million, and endowment funds had grown to $55.6 million.

Mary Bingham passed away in 1995, leaving behind a designated fund, the Mary and Barry Bingham Endowment Fund.

1996 1996 was a year of transitioning for the Community Foundation. This was the last year the Foundation had the guidance of Wilson W. Wyatt, Sr. His belief in the mission of the Foundation drove him to serve as the first Chairperson. He and his wife, Anne, established funds with the Community Foundation to benefit local colleges and universities.

The Louisville Community Initiative (formerly called the Self-Sufficiency Initiative) began work in the community under the Executive Directorship of Mr. John Fleming, Jr. The implementation of the initiative took place in an environment marked by welfare reform legislation, supporting children and families to reach self-sufficiency. The Community Foundation, in partnership with Louisville’s public and private sectors, planned to build on and coordinate the resources of this community to ensure a quality standard of living for all children and families.

development. The Foundation’s Needs Assessment and Grants Committee jointly recommended up to $650,000 in grants from unrestricted funds to support the initiative and its three main areas of emphasis: access to jobs, prevention, and the transition of the Louisville Community Initiative from planning stages of development to full implementation as a freestanding entity.

New computer systems were installed to keep up with the ever-growing 600 individual funds in 1996.

This year, all unrestricted grantmaking was placed “on hold” throughout the Initiative’s

Total Assets: $86.1 million Total Gifts: $15.9 million Total Grants: $10.2 million

Board Chair: Nolen C. Allen President & CEO: C. Dennis Riggs

20

1997

For the Greater Good of Louisville For Generations to Come

Total Assets: $112 million Total Gifts: $20.0 million Total Grants: $12 million

Board Chair: Joseph A. Paradis, III President & CEO: C. Dennis Riggs

1997 was a landmark year for the Community Foundation of Louisville. The outstanding achievements were realized because of a dramatic increase in community needs and funds in the Foundation.

The Community Grants Program was implemented. Throughout its ten years, the program awarded 220 grants, totaling $3.8 million.

The Foundation increased its role as a repository and grantmaker for community needs as the number of endowment and temporary funds grew to 678. A total of $11.9 million was awarded in grants, scholarships, and distributions to nonprofit agencies. The Foundation facilitated and implemented a $105,000 Community Service Awareness Project, including a $35,000 matching grant from the Partnership for National Service. The project benefited Jefferson County Public Schools Family Literacy Corps and Summerbridge Louisville by successfully attracting new gifts and in-kind support, increasing visibility and developing new sources of volunteers for their programs.

Over the year, reaching $100 the year 2000 surpassed three

the Foundation’s goal of million in total assets by was not only met, it was years ahead of schedule.

Total assets under management grew from $85.6 million in 1996 to $112 million in 1997, an increase of 31%. This dramatic growth was due to $20 million in new gifts or additions to Foundation funds, plus an excellent investment return for the year.

Known future bequests to the Foundation exceeded $25 million. Among the 500 community foundations nationwide, the Community Foundation of Louisville was ranked among the nation’s top 50 in total assets held.

This year the Foundation saw a rate of return on assets of 23.2%. A total of 28 new endowment funds were added to the Foundation, and these new funds increased the Foundation’s total number of permanent funds to 237. By the end of this fiscal year, the Foundation was managing 441 Depository funds.

22

1998

Distribute Protect Receive

Total Assets: $138.7 million Total Gifts: $23.3 million Total Grants: $17.9 million

Board Chair: Joseph A. Paradis, III President & CEO: C. Dennis Riggs

In 1998, the Community Foundation of Louisville created 12 bequest funds, 32 permanent funds, and 60 temporary funds.

In all, gifts to the Foundation totaled more than $23 million in fiscal 1998, marking the second consecutive year that gifts had exceeded $20 million. As of June 30, 1998, the total assets of the Foundation and its affiliates totaled $138 million, a 23% increase over the previous year.

The Foundation pooled its funds for the best investment return so that individual funds achieved those economies of scale as well. The balanced investment portfolio of 60% stocks and 40% bonds produced an annualized return over the previous three years of 20.2%.

While the Foundation is a single entity made up of many donor funds, both large and small, it “enjoys a level of financial management found only in larger philanthropic organizations.” Because of its size, the Foundation was able to operate with a modest fee structure that preserved more dollars for each donor’s charitable activities.

In fiscal 1998, the Foundation and its four affiliates distributed a total of $17.9 million to improve the quality of life for residents of Greater Louisville and nearby cities. More than 5,700 grants were awarded in the fields of: arts and culture, education and scholarships, environmental and public benefit, health and human services, and self-sufficiency.

In its third year of strategic grantmaking from its unrestricted funds, the Foundation continued to focus on assessing the critical needs in the community through a series of discussions with community leaders. The Foundation also worked in partnership with its affiliate organization, Self-Sufficiency, Inc., to carry out the Louisville Community Initiative. For the three years prior, more than 98% of the Foundation’s discretionary grant dollars supported poverty prevention programs for children and young families in Louisville.

24

1999

Celebrating 15 Years of Community Giving

Total Assets: $162.4 million Total Gifts: $27.8 million Total Grants: $18.6 million

Board Chair: Barbara N. Sandford President & CEO: C. Dennis Riggs

“The expected transfer of wealth in the United States over the next 50 years has been reported to be at least $40 trillion and could be as high as $130 trillion. Imagine what could be accomplished if only 10% of those resources were reserved for charity.”

PRESIDENT & CEO C. DENNIS RIGGS

The Community Foundation of Louisville grew from $1 million in 1984 to $162 million in total assets by 1999. Coincidentally, during that period the Foundation had also awarded a total of $162 million in grants and distributions to nonprofit organizations.

The Foundation administered over 700 funds, with more than 270 as permanent endowments. The endowed funds supported a wide range of charitable purposes in Louisville and the region, from the arts to historic preservation, from college scholarships to faculty development, from pediatric surgery to geriatric research, from meeting the needs of at-risk children to helping the homeless.

A note from the President reads: “The expected transfer of wealth in the United States over the next 50 years has been reported to be at least $40 trillion and could be as high as $130 trillion. Imagine what could be accomplished if only 10% of those resources were reserved for charity.

Well, it is already happening here! More and more citizens are discovering the sense of fulfillment and the financial benefits of preserving a portion of their assets for their long-term charitable goals. As they do, we’ll be a little bit older and ready to serve them.”

Total investments in 1999 produced a return of 12.7%.

26

2000

Leading and Preparing for the Future

Total Assets: $175.7 million Total Gifts: $43.7 million Total Grants: $32.5 million

Board Chair: Barbara N. Sandford President & CEO: C. Dennis Riggs

The first annual Vogt Awards grant was distributed from the Vogt Invention & Innovation Fund. The Vogt Fund provides direct support to early-stage company founders with a goal of helping to strengthen Louisville’s economic health and inspire entrepreneurship.

In 2000, the Community Foundation of Louisville was ranked among the top 400 philanthropic organizations in the United States by The Chronicle of Philanthropy.

It indicated that the Foundation was helping to lead and prepare for the future of the community.

The Foundation awarded more than 10,000 grants and distributions to nonprofit organizations totaling over $32 million, exceeding $25 million for the first time. The largest increase came in grants recommended by donors from the Foundation’s “donor advised” funds. Grants from donor advised funds increased 117% over the previous year, from $1.8 million to $4.1 million.

For the year, the total yield (income plus growth) of the Foundation’s balanced asset pool, which is comprised of 65% stocks and 35% bonds, was 9.9%.

New gifts to the Foundation totaled over $43 million, up 57%. These contributions added 145 new funds to the Foundation.

As a result, the number of charitable funds increased to 908 and total assets under management grew to nearly $176 million.

For the third consecutive year, contributions to the Foundation exceeded $25 million.

28

2001

A Day in the Life of the Community Foundation of Louisville For Good Forever

Total Assets: $175.8 million Total Gifts: $32.3 million Total Grants: $26.8 million

Board Chair: W. Barrett Nichols President & CEO: C. Dennis Riggs

A message from the Chair President from 2001 reads:

and

“‘A great use of life,’ observed American educator and philosopher William James (1842–1910), ‘is to spend it for something that will outlast it.’ Our Community Foundation is serving people who are doing just that — using their lives and resources to help others and protect our community for the future. That’s why we, and many of the 600 community foundations nationwide, say, ‘We’re here for good, forever.’

This has been another milestone year for the Community Foundation of Louisville. During fiscal year 2001, area citizens created 121 new funds in the Foundation, consisting of 23 bequests, 60 charitable giving Depository accounts, and 38 life-income and endowment funds. These new funds increased the total number of charitable funds in the Foundation to more than 1,000.

funds are destined to have a profound impact on charities long after the donors have passed away.

Each fund has its own story. Some are sad; most, however, are joyful and represent many years of dedicated commitment to one or more charitable ideals. Our donors bring a remarkable level of passion for their charitable causes, and our job is to ensure that their goals are met now and forever.”

In addition to surpassing 1,000 component funds during fiscal year 2001, the Community Foundation distributed $26.8 million in grants, processed 11,324 grants to 3,975 nonprofits from funds at the Foundation, and received $32.3 million in new contributions of cash, stock, real estate, insurance, and retirement plan assets. For the fourth consecutive year, gifts to existing funds and new funds exceeded $25 million.

Whether the funds have resulted from a lifetime of work and saving, an inheritance, or the sale of a property or business, these 30

2002

Serving Donors Increasing Giving Improving Communities

Total Assets: $159.4 million Total Gifts: $27 million Total Grants: $31.8 million

Board Chair: W. Barrett Nichols President & CEO: C. Dennis Riggs

The Community Foundation of Louisville: 01. Distributed over $31 million in grants.

02. Received more than $27 million in gifts of cash, stock, real estate, and insurance.

03. Facilitated the creation of 81 new funds to support the donors’ interests.

04. Convened the Greater Louisville Project, commissioning the Brookings Institution to develop a competitive vision for the new Regional City of Louisville.

05. Formed a partnership with Women 4 Women to build an endowment for meeting the needs of women and girls in Kentuckiana.

2002 saw some economic turmoil, but the Community Foundation weathered the year remarkably well. For the sixth consecutive year, gifts to funds in the Foundation exceeded $25 million. Total grants from all funds in the Foundation exceeded $25 million for the third consecutive year.

In April, 2002, The Community Foundation of Louisville offered fund donors and advisors secure, online access to the funds they have established in the Foundation for the first time.

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2003

Helping you make a difference… forever.

Our Mission: To advance philanthropy by: serving the charitable interests of donors, enabling increased charitable giving, and improving communities by being a permanent philanthropic resource for current and future needs.

In 2003, the Foundation distributed 10,914 grants and scholarships totaling $23 million to 4,475 nonprofit organizations. In addition, it received more than $25 million in gifts of cash, stock, real estate, and insurance, and added 80 new funds to support our donors’ charitable interests.

This year, the Foundation launched the second phase of The Greater Louisville Project, an initiative with the goal of

Total Assets: $165.5 million Total Gifts: $25.9 million Total Grants: $23.2 million

Board Chair: Michael B. Mountjoy President & CEO: C. Dennis Riggs

ensuring that the merger of city and county governments in January 2003 would “make a difference.” Five other foundations helped fund and guide the Project: the James Graham Brown Foundation, Gheens Foundation, The Humana Foundation, The C.E. & S. Foundation, and The Annie E. Casey Foundation.

2004

20th Anniversary In 2004, the Foundation celebrated its 20th Anniversary, which celebrated 20 years of donors’ extraordinary generosity and commitment to the community.

The annual report from this year marked the story of how hundreds of individuals, families, businesses, and organizations had created funds to benefit the causes they care about through the unique philanthropic vehicle that is the Community Foundation of Louisville.

In the 20 years of the Foundation’s history, the total number of charitable funds grew from six to 1,023. Total assets increased from $1 million to nearly $178 million. Since 1984, distributions and grants to charities totaled nearly $302 million.

This year was spent honoring the people who made a difference in the lives of others because of their giving, and advertised endowment funds of $10,000 or more to forever support nonprofit organizations in the benefactors’ name.

Total Assets: $177.8 million Total Gifts: $22.7 million Total Grants: $23.9 million

Board Chair: Michael B. Mountjoy President & CEO: C. Dennis Riggs

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2005

We All Have Our Reasons To honor our parents… provide scholarships… to reduce taxes… to have more to give… because I love my hometown… make giving easier… to make a difference forever.

Total Assets: $182.7 million Total Gifts: $27.5 million Total Grants: $26.8 million

Board Chair: Olivia F. Kirtley President & CEO: C. Dennis Riggs

Delta Dental Plan of Kentucky worked with the Foundation to create the first corporate endowment fund to provide funding for the corporation’s annual charitable giving.

In 2005, some of the highlights included: 01. Distributed 11,895 grants to 4,550 charities totaling $26.8 million. For the sixth consecutive year, grants exceeded $25 million.

02. Helped individuals, families, businesses, and organizations create 88 new funds in the Foundation to support their charitable interests.

04. Launched the Donor Connections Calendar of informational events hosted by local charities to educate the public about their services.

05. Introduced 3,500 attorneys, CPAs and other professional advisors to the services offered by community foundations throughout Kentucky.

03. Awarded $350,000 in Community Grants to 20 programs helping disadvantaged children in Louisville’s 16 most challenged neighborhoods.

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2006

Do you believe you can change the world?

Total Assets: $193.2 million Total Gifts: $31.2 million Total Grants: $26.7 million

Board Chair: Olivia F. Kirtley President & CEO: C. Dennis Riggs

During the fiscal year of 2006, the Community Foundation of Louisville received 1,470 new gifts of cash, stock, insurance, retirement plan assets, and real estate totaling more than $31.2 million.

Foundation donors are making an impact every day by recommending grants to lifechanging organizations. In addition to working with donors and their advisors to complete these gifts, the staff also processed 12,632 grants to 5,167 charitable organizations totaling $26.7 million.

These grants helped to build houses for lowincome families, feed the hungry, educate local students, support places of worship, foster interracial understanding, promote public health, nurture the arts, protect the environment, and give sick children the chance to live out a special dream. As of June 2006, the Foundation held $193.2 million in assets. It had also been informed of more than $250 million in planned and deferred gifts that were intended to come to the Foundation for the benefit of charitable organizations in the region.

In this year, the Board of Directors continued to be a leader and supporter of the Greater Louisville Project, which unveiled “Deep Drivers” of change — three immense, but attainable goals for Metro Louisville in the areas of education, new jobs, and balancing regional growth. Those goals were fundamental to move the region forward and ensure a better future.

For the second year, the Foundation Board supported the “H.I. Hopes Project,” a pilot program led by Family Health Centers, Inc. to develop better ways of coordinating and providing health care for children and families in the Hazelwood and Iroquois neighborhoods.

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2007

Partners in Philanthropy Coming together is a beginning; keeping together is progress; working together is success.

Total Assets: $252.1 million Total Gifts: $58.5 million Total Grants: $27.7 million

Board Chair: Daniel W. McMahan President & CEO: C. Dennis Riggs

The 2007 Annual Report shared key milestones.

Gifts Summary:

Grants Summary:

01. The Community Foundation of Louisville surpassed $252 million in total assets with 1,382 new gifts.

01. Donors recommended $28 million in new grants, a 4% increase over 2006.

02. Donors contributed a record $58.5 million in new gifts, an 88% increase over 2006.

03. To maximize their annual giving, donors and organizations established 55 new depository funds.

04. To build perpetual support for their favorite charities, donors created 37 new endowment funds.

05. Donors and their advisors developed 27 new future funds increasing future gifts known to be included in estate plans to $285 million.

02. 10,718 grants were awarded from funds in the Community Foundation of Louisville and its affiliates.

03. Grants were made to 4,181 nonprofit organizations.

04. Grants ranged from $100 to $1.2 million.

05. Through scholarship funds established by donors, a total of $1 million was awarded to educational programs supporting scholarships for 616 Louisville students.

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2008

ChangeMAKERS Fiscal year 2008 set a new record of giving. Annual gifts to existing and newly created charitable funds in the Community Foundation reached $85 million, a new record and an increase of $27 million over 2007.

A gift of $50 million from the estate of Felix E. Martin, Jr., of Greenville, Kentucky — the county seat of Muhlenberg County — became the largest gift in the history of the Foundation to date. His gift created the Felix E. Martin, Jr. Foundation now a supporting organization of the Community Foundation.

The Foundation supports education, civic, and cultural needs of the residents of Muhlenberg County.

Total assets administered by the Community Foundation grew to nearly $294 million in nearly 1,200 charitable funds. Donors recommended over 7,300 charitable grants representing more than $26 million to nonprofits in the Louisville area and beyond.

In this year, the Board also approved a new grant partnership to help address the most pressing needs in Louisville. The Foundation formed the Change Makers Partnership with the Annie E. Casey Foundation headquartered in Baltimore and the UPS Foundation based in Atlanta. The partnership awarded $1.8 million over three years in collaboration with a programmatic partner, Making Connections Louisville. This

Total Assets: $293.9 million Total Gifts: $85.3 million Total Grants: $26 million

Board Chair: Daniel W. McMahan President & CEO: C. Dennis Riggs

initiative of the Annie E. Casey Foundation worked with great success for eight years in four inner-city neighborhoods: California, Phoenix Hill, Shelby Park, and Smoketown.

During 2008, the Foundation completed the “H.I. Hopes Project,” a health care initiative developed to improve the health and well-being of children attending Hazelwood Elementary School, as well as expectant mothers and their families living in the Iroquois Homes Housing Development adjacent to Hazelwood School. The Hazelwood-Iroquois neighborhood is one of Kentucky’s poorest and highest crime neighborhoods. With this program, the Foundation developed a partnership with 11 health care and social service providers serving the neighborhood and provided a grant of $100,000 per year for three years. The grants were matched dollar for dollar by the partners to fund a total project of $600,000. As a result of the project, Jefferson County Public Schools hired six additional school nurses to serve six at-risk elementary schools with a large number of students receiving free or reduced lunch.

2009

Inspired Giving Lasting Impact 2009 marked the 25th Anniversary for the Community Foundation of Louisville. In this year, The Community Foundation of Louisville announced that Susan A. Barry would be appointed as the next President and CEO of the Foundation. Barry would assume the role from C. Dennis Riggs who served for 17 years.

The Community Foundation of Louisville’s 2009 Annual Report states the following: “When Baylor Landrum, Jr. and Wilson W. Wyatt, Sr. reorganized the private Louisville Foundation into a community foundation, they had a vision that capable people could build and use a community endowment to respond to the needs of its residents.

The history of the Community Foundation of Louisville and its affiliates and supporting foundations is a reflection of the history of the region. The challenges and future are intimately tied together. Our work continues today in partnership with a new generation of donors who are responding to the challenges of this new century.

01. In 2009, the Foundation holds 1,100 funds with assets of $250 million and facilitates 7,522 grants. Cumulative grants through the Foundation surpass $430 million.

02. Over the past 25 years, the Foundation has facilitated scholarship grants from endowment funds totaling nearly $8 million. These grants represent an ongoing commitment to help provide educational opportunities for all students in the communities we serve.”

Total Assets: $250.3 million Total Gifts: $28.4 million Total Grants: $36.2 million

Board Chair: F. Gerald Greenwell President & CEO: Susan A. Barry

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2010

Anyone Can Be A Philanthropist

Total Assets: $294.2 million Total Gifts: $54.8 million Total Grants: $36.1 million

Board Chair: F. Gerald Greenwell President & CEO: Susan A. Barry

A letter from the Chair and President in the 2010 Community Foundation of Louisville’s Annual Report reads: “Almost two years ago, when our communities were entering a challenging economic climate, our Board and staff began looking to the hope and promise of the future.

Over several months we conducted a selfexamination of where the Community Foundation was then, and where we would like to be.

The end result is both affirming and inspiring.

Our vision is to be the leader, catalyst, and resource that inspires philanthropy, in order to build more vibrant communities now and for generations to come. We will achieve this vision by following a five-year road map built on the core values of excellence, inclusiveness, integrity, leadership, passion, and stewardship.

Our new strategic plan has provided both staff and Board members with a renewed spirit of enthusiasm for philanthropy. This spirit is embodied in the concept that anyone can be a philanthropist.

Our annual report is dotted with stories of people from all walks of life who have partnered with the Community Foundation for their charitable giving. You don’t have to be wealthy to be philanthropic, and you don’t

even have to be an adult yet! You just need a giving heart.

We also recognize the power of collaboration to make a greater impact on important community issues. Through our partnerships with funders like the Annie E. Casey Foundation, nonprofit organizations such as Metro United Way, as well as individual donors who have Community Foundation funds, we are able to pool our financial and human resources to make a real difference in our community.

Our strategic plan has some ambitious goals, so we have aligned the Community Foundation staff to carry out the plan. You’ll see a new Community Leadership team, which conducts our leadership and grantmaking activities, as well as some new names in Development and Stewardship.

Our staff will continue to evolve during this time of transition, with full support by our Board of Directors.

Through our work we are fortunate to have daily reminders of the amazing generosity of our community. It is truly our honor to partner with over 1,200 individuals, families, groups, and organizations to achieve their charitable goals. At the Community Foundation, we believe — and demonstrate — that anyone can be a philanthropist.”

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2011

Transforming Our Community “Our previous [logo] served us well — it represented strength, permanence, stability, and trust. While the Foundation still embodies these characteristics, we also want to demonstrate innovation, relevance, creativity, and vision. The new logo you see is a more modern and colorful fleur-de-lis — our community’s long-standing symbol.”

PRESIDENT & CEO SUSAN A. BARRY

Total Assets: $358.4 million Total Gifts: $44.5 million Total Grants: $33.2 million

Board Chair: Henry M. “Sonny” Altman, Jr. President & CEO: Susan A. Barry

In 2011, the Baylor Landrum, Jr. Society is created in memory of Mr. Landrum to recognize legacy members who create endowment funds through their estate plans.

In this year, the Community Foundation of Louisville underwent a visible transformation.

After 17 years, the Foundation created a new logo. The logo is a visual representation of what the Foundation views as key building blocks for effective philanthropy: Community, Connection, and Charity. These words are represented by the blue and red C’s that form the core of the fleur-de-lis. This decision was not about the Foundation’s transformation — leadership noted that such transformation comes from the generosity of the community.

Since its inception, the Foundation distributed more than $500 million in charitable grants through 2011, and these dollars supported everything from feeding the homeless to building world-class parks, expressing creativity, educating children, caring for the elderly, and transforming the community.

02. Mission To strengthen our region through inspired philanthropy and outstanding stewardship by: •

Partnering with donors and others to ensure lasting impact.

•

Leveraging our community knowledge.

•

Offering our constituents an unmatched level of personal engagement.

03. Values Excellence Inclusiveness Integrity Leadership Passion Stewardship

The newly aligned Vision, Mission and Values, drafted in 2011, are as follows: 01. Vision To be the leader, catalyst, and resource that inspires philanthropy, in order to build more vibrant communities now and for generations to come.

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2012

Building Community Together “The depth of feelings people have for Louisville and the ‘dirt under their feet’ is truly inspirational. It is a profound commitment to leave our community a bit better than the way we found it.”

PRESIDENT & CEO SUSAN A. BARRY

Total Assets: $355 million Total Gifts: $29.9 million Total Grants: $50 million

Board Chair: Henry M. “Sonny” Altman, Jr. President & CEO: Susan A. Barry

Louisville Legacy Passion Philanthropy

The letter from our leadership in 2012 reads: “Louisville is brimming with generous families and organizations, some known better than others: Hillerich, Brumleve, Receveur, Psi Boule. It is an honor to work with such kind and thoughtful philanthropists who give selflessly to our community, honoring Louisville’s past while also working to secure its future.

We work with hundreds of generous philanthropists who share a common quality — PASSION. A passion for Louisville. A passion for a particular cause or opportunity.

A passion for giving back.

Louisville. Legacy. Passion. Philanthropy.

Thank you for giving us the opportunity to help you do more than you ever thought possible. Thank you for helping us make charitable giving a permanent part of the Louisville story.”

The Annual Report from this year highlighted several members of the Community Foundation community: Jack Hillerich, members of the advisory committee, Ben Brumleve, Sharon Receveur, and the Robert & Clarita Whitney Fund.

2012 was the first full year of Endowment Partners. The late Owsley Brown II (1942– 2011) had an ambitious vision — build local nonprofit capacity through endowments.

Rather than depending on annual fund raising to pay for basic operations, local organizations would receive a stream of income from professionally managed funds that are invested for long-term growth.

Annual donations could then support more innovative and creative work. Mr. Brown and a cadre of other endowment-minded professionals approached the Community Foundation in 2011 to create Endowment Partners, a program to help local nonprofits start or increase their endowments by providing ongoing resources, support, training, long-term investment management and visibility.

Over 60 nonprofit organizations will become members of the program by this year.

The Community Foundation of Louisville is proudly the largest community foundation in Kentucky.

In 2012, the Foundation reached a milestone awarding nearly $1 million in scholarships to over 280 students.

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2013 In 2013, the Community Foundation of Louisville prepared an investment briefing that detailed the year’s investments, roles and responsibilities, and performance.

01. The roles and responsibilities of the Investment Committee in 2013 include: •

Formulate and monitor Foundation Investment Policy.

•

Determine and monitor Pooled Endowed Funds’ strategy and asset allocation.

•

Hire and monitor investment consultant.

•

Along with investment consultant, hire

•

and monitor investment managers.

Consider modest tactical asset allocation alternatives.

•

Benchmark investment returns.

Community Foundation 02. The Balanced Fund Investment Goals: • Maintain purchasing power of endowment principal and make annual distributions to charities.

•

Fund endowment distribution policy of 5%.

•

Long-term total return to exceed distribution policy by rate of inflation.

Total Assets: $378.3 million Total Gifts: $39.9 million Total Grants: $37.3 million

Board Chair: Mimi Zinniel President & CEO: Susan A. Barry

03. Strategic asset allocation was detailed to be allocation by balancing long-term return goals with short-term stability and risk tolerances: •

•

•

Reasonable expectation of long-term success with the least amount of shortterm volatility and risk.

Utilization of sub-asset classes, strategies, and managers.

Permit modest tactical allocations within ranges.

2014 Marshall Bradley is the first African American elected Chair of the Board in September 2014. He served as chair for two years.

Five local nonprofits leaders are selected as Alden Fellows, and received a cash stipend to support self-directed professional growth opportunities. The Fellowship is made possible by the generosity and vision of Mr. William O. Alden, Jr. a Foundation donor.

Impact investing allows the Foundation and its donors to invest in high-impact projects that are intended to create tangible social benefit with the potential to earn a financial return. Impact investments take the form of loans made to both nonprofit organizations and for-profit businesses. These investments are intended to be repaid and then “recycled” back into the community through grants or additional loans.

CFL Impact Capital extended its first loan to Jewish Family & Career Services’ Navigate Enterprise Center, which used the $100,000 loan to extend 27 microloans to underfunded small business owners. These microloans supported the creation of new jobs, and helped to start and sustain a variety of businesses in Louisville.

Total Assets: $436.7 million Total Gifts: $46.4 million Total Grants: $43.2 million

Board Chair: Mimi Zinniel President & CEO: Susan A. Barry

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2015 2015 marked the first year of ForGood magazine. The introduction from President and CEO, Susan Barry, reads: “I love this inaugural issue of our new magazine from cover to cover, not just because we did it, but because of the people and spirit we showcase. And I love this concept of ‘for good.’ Not all good happens in a minute, a day, a week or a month. Or even a lifetime.

We believe that. That’s why we are here — to provide a sense of performance in an ever-changing world. We are here to stay.

But we are flexible enough to know where and when to make the greatest impact.

Join us.

Recently, as we approached my seventh year at the Foundation, someone asked me what I’d like the Community Foundation to be known for. I love the question, and it really did not take me too long to resolve an answer. A snippet of that answer I will share with you here.

I want the Community Foundation of Louisville to be known for: Investment in the community. Whether it is a small grant to help a nonprofit purchase the software that imrpoves everything they do, to helping finance a small loan program

Total Assets: $452.8 million Total Gifts: $48.9 million Total Grants: $46 million

Board Chair: Marshall Bradley President & CEO: Susan A. Barry

for start-ups, to year-over-year funding of collective impact initiatives like 55,000 Degrees and the Greater Louisville Project.

Connecting people with causes that matter. Did you know that the Community Foundation has distributed nearly $700 million since we were founded in 1984?

Many of our donors have been our most generous partners in this endeavor. Whether you already know your favorite charity or would like to brainstorm ideas about the greatest need or single smallest opportunity, we are here to help.

A meeting place for philanthropy and community. And I’m not suggesting bricks and mortar, but a space where conversation happens. What if we became the public ‘meetup”’for good in our community?

Kudos to the change agents and the provocateurs we profile in this issue. We hope you love reading about them as much as we were inspired by their talent, tenacity, and gumption. That’s what I am talking about. Community philanthropy. For Good.

Won’t you join us?”

Some of the featured stories this year focused on better food options to address food insecurity in the city: Blessings in a Backpack: Provides elementary school children on the federal Free and Reduced Price Meal Program with a backpack of food for 38 weekends during the school year.

Dare to Care: Partners with over 300 local, social service agencies to distribute over 15 million meals in our community each year.

Food Literacy Project: Experiential education and entrepreneurial youth development program that brings the field-tofork experience to life for local youth.

New Roots: Through its Fresh Stop Project, families can use their SNAP benefits to purchase fresh produce from local farmers on a sliding scale.

Give for Good Louisville grows in year two.

“Our community is amazing and we showed that on October 1, 2015 during the second Give Local Louisville 24-hour online day of giving. We came together to show our love for 362 local nonprofits to the tune of $3 million through 8,785 gifts; an increase of more than $1 million over the previous year.

From the extensive media coverage, to the midday rally at 4th Street Live! when Patti Swope of the Swope Family Foundation announced that it would donate $1,000 to each of the organizations involved, to the buzz created across social media, the community really rallied behind this philanthropic movement. People came out by the thousands to show their support for the organizations that enrich our city in so many different ways.

It goes to show what is possible when individual citizen philanthropists come together to turn gifts, big and small, into major impact for our community.”

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2016

A Force for Good The Board adopted a five-year strategic plan in 2016. Core elements of the plan included launching a new mission, vision, and values for the Foundation and defining six fundamentals for success.

Mission We are a force for good. As a leader in philanthropy, we connect donors, nonprofits, and civic partners to create lasting impact in the community.

Vision A community where people and place thrive.

Values We include all voices and act with integrity, responsibility, and excellence.

Fundamentals for Success: Leverage all forms of capital to drive mission and maximize impact.

Build resources at all relationship points, moving the focus from Activity to Yield, increasing total contributions by 10% annually beginning in July 2017.

Develop a diverse, equitable, and inclusive organizational culture.

Make the Community Foundation of Louisville thrive as a business through continuous analysis, innovation, and a persistent willingness to change.

Total Assets: $451.6 million Total Gifts: $56.4 million Total Grants: $54.5 million

Board Chair: Marshall Bradley President & CEO: Susan A. Barry

Increase awareness of the Community Foundation of Louisville as a force for good in our community.

Focus on organizational excellence so that talent, technology, governance, and best practices are a priority.

Health equity means that everyone has a fair and just opportunity to be healthier. In October 2016, Louisville/Jefferson County was awarded the Culture of Health prize in recognition of significant efforts to advance health equity in our city. Along with national recognition, Louisville received $25,000 from the Robert Wood Johnson Foundation.

Seeing the prize funds as an investment in our future, the Community Foundation of Louisville linked arms with other partners in our community to leverage and grow the initial prize money, founding the Louisville Health Equity Fund, which continues to advance our culture of health by demonstrating the promise of collaboration, innovation, and intentional investment with a racial equity lens.

2017

A Life Turned Around In the fifth edition of ForGood magazine, one of the feature stories focuses on Second Chances profiling social entrepreneurs and their partnership with the Community Foundation of Louisville.

Here is Angela Renfro’s story — survivor, founder, and Executive Director of Kristy Love Foundation: “When Renfro was just nine years old, she was turned out on the streets by a family member.

She worked as a prostitute until age 29.

After 20 years on the street and surviving the abuse of several johns, including the one who gave her the moniker, Kristy Love, Renfro had enough. She wanted to change her life.

Being homeless so young, Renfro did not complete middle or high school. She finally got her diploma at the age of 40 and started to explore higher education, but was called by something greater. ‘I took all my school money to start Kristy Love,’ she says. ‘I took every last drop of it.’ With the little education she had, she put all of her money forward and began her mission to save the lives of as many young girls and women as possible.

‘We were trying to find a breakthrough, and we didn’t know where we were going to get it from,’ she says. She weathered many odd looks when trying to explain her mission to help women who were involved in prostitution and human trafficking. But what Renfro

didn’t realize was that her mission was being shared, and soon she would meet Community Foundation of Louisville President and CEO Susan Barry.

From that point on, her luck would completely change. Tearfully Renfro shares, ‘When Susan came to visit us — to even have anyone come to us at that capacity, that important — we didn’t feel that we’re important. We never think people look at us like that, to even give us a chance.’

It turns out this chance was all she needed for her organization to take off and change the lives of over 700 women and girls. From the Foundation, she got her first grant and assistance with setting up her board of directors. This spring, Kristy Love Foundation hosted its Survivor’s Luncheon with a keynote by Cindy McCain, one of the cochairs of the Arizona Governor’s Council on Human Trafficking.”

CFL Impact Capital surpasses $1 million in loans extended.

Total Assets: $494.6 million Total Gifts: $71.8 million Total Grants: $73.3 million

Board Chair: Eric Taylor President & CEO: Susan A. Barry

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2018

People & Place Thrive The Fund for Louisville, an endowment that pools funds to respond to Louisville’s changing needs, surpassed $1.2 million in capacitybuilding grants to strengthen the operations of local nonprofit organizations.

In 2018, the Fund announced a three-year commitment to strengthen organizations working in disinvested parts of our community, and awarded an additional $1.3 million in grants through 2020.

Fifteen artists were selected to participate in the newly launched Hadley Creatives program, a partnership with Creative Capital of New York to create a supportive community of diverse, multi-disciplinary creatives committed to professional best practices, career planning, and advocacy. The George & Mary Alice Hadley Fund, a permanent endowment fund at the Foundation, provides funding for the program.

Total Assets: $531.6 million Total Gifts: $52.9 million Total Grants: $51.9 million

Board Chair: Eric Taylor President & CEO: Susan A. Barry

2019

Create Lasting Impact The Foundation received its largest single gift of $65 million.

The Foundation’s 24-hour online giving day, Give For Good Louisville, raised a recordbreaking $6.8 million for local nonprofits.

Since its inception in 2014, the giving day has raised over $26.2 million for more than 600 organizations.

Since the Alden Fellows’ inception in 2014, the Community Foundation has awarded $175,000 in grants to build the leadership capacity of 33 fellows. Through their participation as Alden Fellows, these leaders join a network of past and present fellows, cultivating relationships and forming new connections in order to collaborate for greater impact.

CFL Impact Capital extends its 13th loan totaling $2.6 million in loans since 2014.

The impact of these loans includes 478 jobs created, 242 individuals housed, and 61 new businesses created.

The Foundation announced that Susan Barry would be stepping down from her position as President and CEO in early September after her 10-year tenure. Matt Bacon, Chief Financial Officer, is named Interim President and CEO.

Total Assets: $558 million Total Gifts: $62.7 million Total Grants: $63.5 million

Board Chair: Stephanie Smith President & CEO: Susan A. Barry

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2020

A Year Like No Other Pandemic. Racial inequity. Political tensions. Economic uncertainty.

The Foundation’s role as a community leader in philanthropy, driving change, and responding to unprecedented needs and issues was never needed more than in 2020.

From the co-creation of the One Louisville: COVID-19 Response Fund, to innovative and collaborative strategy changes that directed our focus on racial justice and equity, to the engagement of the entire community in philanthropic support, the Foundation demonstrated the collective impact and spirit of charitable giving to benefit our community.

March 2020 will always be marked as the historic time that triggered unforeseen change in ways that most could not have imagined. The death of Breonna Taylor in Louisville was one of the main drivers for

Total Assets: $626.2 million Total Gifts: $158.5 million Total Grants: $81.4 million

Board Chair: Stephanie Smith President & CEO: Ronald V. Gallo

wide-scale protests over policing and racial injustice throughout the United States. The impact of the COVID-19 pandemic changed the way we worked, engaged with each other, and necessitated a drastic shift in the way people in our community lived their lives. Our office closed as we moved to a safe and virtual environment to continue our work, collaborations, and outreach.

Ronald V. Gallo, Ed.D. joined the Foundation as President and CEO bringing more than 30 years of experience in private, corporate, family, and community foundations.

The Foundation celebrated the distribution of $1 billion in grants from our charitable funds established by donors since our beginning in 1984.

Rooted in our commitment to social justice, to break barriers, and to make equity a cornerstone of everything we do, the Foundation released an extensive diversity, inclusion, and anti-racism policy.

The Foundation reshaped its Fund for Louisville grants strategy for 2021–2023 to provide direct, renewable, multi-year funding, along with peer-support, networking, and capacity-building opportunities. The new strategy will intentionally focus on supporting Black-led and Black-serving nonprofit organizations working to dismantle systems preventing racial and economic equity while constructing new systems promoting justice. A workgroup of 15 Black community members with diverse experiences and perspectives advised the Foundation on all aspects of the grant program’s new focus and strategy, giving decision-making responsibility primarily to representatives of the Black community.

The One Louisville: COVID-19 Response Fund, established at the Community Foundation of

Louisville, united the financial contributions and efforts of many to provide swift financial support to those most vulnerable to the physical health, mental health, and economic impacts of the COVID-19 pandemic. Nearly $11 million was contributed and distributed to support individuals, households, and nonprofits.

CFL Impact Capital was dedicated in 2020 to equitable economic development — investing in affordable housing, inclusive entrepreneurship, and community facilities in under-invested neighborhoods. The Foundation extended a $500,000 loan to LHOME — Louisville Housing and Opportunities Micro-Enterprise Community Development Loan Fund, Inc. — a mission driven nonprofit financial institution. Over its seven-year history, CFL Impact Capital has invested $3.7 million.

Access to funding plays an important role in entrepreneurship. The Foundation celebrated the 20th annual Vogt Invention and Innovation Awards naming six startups to receive $25,000 in non-dilutive funding and participation in a 10-week lean startup education program with coaching and mentorship from scalable startup CEOs. Give for Good Louisville continued with a record-breaking year in which fundraising was even more critical. Nearly 23,000 donors joined together to raise $7.7 million in support of more than 500 nonprofits.

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Community Foundation of Louisville

2020 EDITION

www.CFLouisville.org Facebook: Community Foundation of Louisville (@cflouisville) Instagram: @cflouisville Twitter: @cflouisville 502.585.4649