LOUISVILLE, Ky. (Dec. 4, 2017) – The Community Foundation of Louisville (CFL) is celebrating a major milestone in December, having surpassed $500 million in total assets. CFL is the largest charitable foundation in Kentucky, and in the top 40 of about 800 community foundations nationwide. Assets are up from $485 million at the end of 2016.
Over the past 33 years, CFL has made more than $780 million in grants to nonprofits, most of which are located in the Kentuckians region. The Foundation’s charitable influence stretches beyond Louisville through its regional affiliates in Oldham, Shelby and Nelson counties, Wilderness Trace and the Green River Area, and through its supporting organization, the Felix E. Martin Foundation, which has made $15 million in grants for Muhlenberg County.
In addition to grantmaking, CFL provides financial support and thought leadership to numerous educational, policy and community initiatives through its influential programs and partnerships. The Foundation has awarded $17 million in college scholarships and raised nearly $14 million for area nonprofits through its Give For Good Louisville 24-hour day of giving campaign, held four times since 2014. The Foundation is also one of the founders of the Greater Louisville Project, which leverages data to catalyze civic action, and a sustaining partner of the Center for Nonprofit Excellence.
“We would not continue to be such a growing and vibrant Foundation if not for our generous donors and board of directors, which include hundreds of business and civic leaders who believe in the power of philanthropy to change the world,” said Susan Barry, President and CEO of the Community Foundation of Louisville. “Their dedication and prudence has ensured that we preserve and grow our charitable assets for the long-term benefit – doing the most good today while honoring the responsibility that comes with being a permanent community endowment. We look forward to working alongside them to grow our assets to $1 billion and beyond in the years to come.”
About the Community Foundation of Louisville
The Community Foundation of Louisville is a force for good. As a leader in philanthropy, we connect donors, nonprofits and civic partners to create lasting impact in community so people and place thrive.
Founded in 1984, the Community Foundation is the largest charitable foundation in Kentucky with more than $500 million in assets and more than 1,450 charitable funds. Each fund has its own name and charitable purpose as defined by its donors. In 2016, these funds made over 9,000 grants totaling $52 million, approximately 80% of which stayed in Kentucky and Southern Indiana to support area nonprofits. To learn how you can be a part of this force for good, visit www.cflouisville.org.