Your Trusted Partner in Philanthropy: CFL’s 2017 By The Numbers
As the largest charitable foundation in Kentucky with $523 million in assets, we made over 9,500 grants totaling $73 million last calendar year. We are humbled by the trust you have put in us and proud that – together – we have built one of the largest community foundations in the country, right here in Louisville, Kentucky. While we provide support for our community well beyond grants, here is a look at the past year as it relates to resources provided to our area nonprofits.
Of the $73 million in grants, support was provided to 3,000 organizations. And, 80% of the grants made last year stayed in Kentucky and Southern Indiana supporting a broad array of community efforts.
In 2017 we celebrated as our community came together once again and demonstrated how we can collectively be a force for good through Give For Good Louisville. Last year we raised $4.6 million for over 500 participating nonprofits, bringing our four-year total to over $14 million.
Our Fund for Louisville capacity building grants program, together with our partners, has awarded over $1.7M to date. In 2017, informed by the 2016 Greater Louisville Project report, “A Focus on Poverty,” the Fund for Louisville provided $463,029 in capacity building grants to strengthen 28 nonprofit organizations that are working to transform lives in Louisville’s most distressed ZIP codes.
Beyond grantmaking, the Community Foundation is working to create a community where people and place thrive. Examples include leadership and talent development through programs like Alden Fellows, support of the entrepreneurial community through the Vogt Invention & Innovation Fund, the inception of the Hadley Creatives program to support the development of working artists and our continued partnership with Louisville Public Media on The Next Louisville with the latest series looking at Poverty & Progress. We were also proud to partner with the Lift a Life Foundation to establish the first ever Hunger Innovation Fellowship to accelerate and elevate Louisville’s collective efforts to address food insecurity.
And with three new CFL Impact Capital loans made in 2017 totaling $760,000, we’re growing our deployed charitable funds to nonprofits and for-profits with larger-sum investments for their projects in a way that allows capital to be invested, returned and recycled back into the community. We’re proud that we have had many Foundation donors join us in this work that now totals seven deals worth over $1.4 million loaned to date.
Since the inception of the Community Foundation of Louisville, we have granted $806 million. Each individual grant has a story, a connection and commitment to make the world around us better. Thank you for joining us. Together we are a force for good.