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Who are the ARDPI Partners?

Who are the ARDPI Partners?. Why ARDPI?. Funded by Promote wealth creation Establish community foundations or community foundation funds Transform communities from within. What is a Community Foundation?. Exists as an independent, tax-exempt public charity

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Who are the ARDPI Partners?

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  1. Who are the ARDPI Partners?

  2. Why ARDPI? Funded by • Promote wealth creation • Establish community foundations or community foundation funds • Transform communities from within

  3. What is a Community Foundation? • Exists as an independent, tax-exempt public charity • Features giving by and for local residents • Acts as a community savings account • Creates long term assets for the betterment of the entire community

  4. Who Are the Pilot Counties? Bell, Clay, Knox, Magoffin, Whitley, Knott, Letcher, Elliott

  5. What Does ARDPI Offer Pilot Counties? • Community leaders from Pilot Counties can: • Explore the potential that local community philanthropy offers as a development tool • Examine options to build local community philanthropy • Get real help and hands-on assistance over the next two years

  6. Who Are the Prospect Counties? Adair, Bath, Breathitt, Carter, Casey, Clinton, Cumberland, Estill, Fleming, Floyd, Green, Harlan, Hart, Jackson, Johnson, Lawrence, Lee, Leslie, Lewis, Lincoln, Martin, McCreary, Menifee, Metcalfe, Monroe, Morgan, Owsley, Perry, Powell, Robertson, Rockcastle, Russell, Wayne, Wolfe

  7. What Does ARDPI Offer Prospect Counties? • Community leaders from Prospect Counties can: • Apply for mini-grants • Access online resources • Develop a plan to take rural philanthropy to the next level

  8. What Are ARDPI’s Goals? • Raise awareness on rural philanthropy • Elevate the understanding of community foundations and their benefits • Secure local assets to provide long-term resources for Eastern Kentucky communities • Keep Eastern Kentucky’s wealth in Eastern Kentucky • Increase charitable giving overall

  9. Background Information • Transfer of Wealth Kentucky Study • http://www.kyphilanthropy.org/images/stories/reports/KSOP-ToW.pdf • Endow Kentucky Legislation • http://dlg.ky.gov/Endow+Kentucky.htm

  10. What is Transfer of Wealth? • Every Kentucky county has wealth • $707 billion will transfer to the next generation by 2060 • Outmigration in Eastern Kentucky increases the impact • The difference capturing even 5% of that wealth could make for your county’s future

  11. Transfer of WealthBlue Grass Community Foundation Pilot Counties

  12. Transfer of WealthBlue Grass Community Foundation Pilot Counties

  13. Transfer of WealthThe Foundation for Appalachian Kentucky Pilot Counties

  14. Transfer of WealthThe Foundation for Appalachian Kentucky Pilot Counties

  15. Transfer of WealthThe Foundation for the Tri-State Community Pilot County

  16. Transfer of WealthThe Foundation for the Tri-State Community Pilot County

  17. What is Endow Kentucky? • Allows a 20% tax credit for any endowment up to $50,000 made to a qualified community foundation • Allows credit to be spread over a five-year period • State and Federal tax deductions still apply

  18. There’s never been a better time to give here in Kentucky! Endow Kentucky Commission

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