Blue Grass Community Foundation Inc

Organization Overview

Blue Grass Community Foundation Inc is located in Lexington, KY. The organization was established in 1968. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Blue Grass Community Foundation Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Grass Community Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2020, Blue Grass Community Foundation Inc generated $24.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $20.9m during the year ending 06/2020. While expenses have increased by 11.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Blue Grass Community Foundation Inc has awarded 2,504 individual grants totaling $82,880,775. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

ESTABLISHED IN 1967, BLUE GRASS COMMUNITY FOUNDATION'S MISSION IS TO IMPROVE THE QUALITY OF LIFE IN THE BLUEGRASS REGION BY INCREASING CHARITABLE GIVING AND LEADING ON CRITICAL COMMUNITY ISSUES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTMAKING THE COMMUNITY FOUNDATION MADE OVER 3,000 GRANTS THIS FISCAL YEAR IMPACTING MORE THAN 1,000 NONPROFIT ORGANIZATIONS AND OVER 120 SCHOLARSHIP RECIPIENTS. ALL GRANTS WERE MADE EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES. THE COMMUNITY FOUNDATION CURRENTLY ADMINISTERS MORE THAN 800 CHARITABLE FUNDS ESTABLISHED TO SUPPORT CHARITABLE CAUSES THAT ARE IMPORTANT TO OUR DONORS AND THEIR COMMUNITIES.


COMMUNITY ENGAGEMENT THE COMMUNITY FOUNDATION LEADS AND CONVENES ON KEY COMMUNITY ISSUES AND PROJECTS. WE PARTNER WITH NATIONAL FUNDERS, STATE AND CITY GOVERNMENT AND LOCAL RESIDENTS TO MAKE OUR REGION THE MOST GENEROUS, VIBRANT AND ENGAGED PLACE IT CAN BE. EXAMPLES OF OUR COMMUNITY ENGAGEMENT EFFORTS INCLUDE "LEXINGTON BLACK PROSPERITY INITIATIVE", "GOODGIVING CHALLENGE AND "BGCF 365". TO LEARN MORE ABOUT THESE PROGRAMS AND OTHER LEADERSHIP AND ENGAGEMENT EFFORTS PLEASE VISIT WWW.BGCF.ORG/ENGAGE.


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Board, Officers & Key Employees

Name (title)Compensation
Lisa Adkins
President/ceo
$206,638
Brian Dineen
VP Of Finance & Administra
$135,700
Fran Taylor
Chair
$0
Bill Alverson
Treasurer
$0
Andy Reynolds
Vice Chair
$0
Salvador Sanchez
Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mason Investment Advisory Services
Investment Services
$253,661
Barbara Grygutis Sculpture
Artist Fees
$210,237
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$17,159,035
Investment income $3,284,344
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,167,711
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $24,051,212

Grants Awarded

Over the last fiscal year, Blue Grass Community Foundation Inc has awarded $12,507,532 in support to 340 organizations.

Grant RecipientAmount

UNIVERSITY OF KENTUCKY (1 OFFICE OF PHILANTHROPY - MAIN GRANTEE RECORD) OFF

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

$646,300

UNION CHURCH

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

$573,250

Lexington, KY

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

$524,333

BANK OF AMERICA CHARITABLE GIFT FUND

Org PageRecipient Profile

Boston, MA

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

$441,680

LEGACY GREENSCAPES

Org PageRecipient Profile

Winchester, KY

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

$357,352

CROWN HILL CEMETERY

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

$298,484
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 31 grants that Blue Grass Community Foundation Inc has recieved totaling $2,083,560.

Awarding OrganizationAmount
Hoskins Family Foundation

Lexington, KY

PURPOSE: SOCIAL GOOD

$737,651
Marksbury Family Foundation Inc

Nicholasville, KY

PURPOSE: DONATION TO ENHANCE QUALITY OF LIFE IN THE BLUEGRASS REGION

$320,000
Goldman Sachs Philanthropy Fund

New York, NY

PURPOSE: COMMUNITY & HUMAN SERVICES

$160,630
E E Murry Family Foundation

Lexington, KY

PURPOSE: CHARITABLE

$159,076
The Community Fdn Of Middle Tn Inc

Nashville, TN

PURPOSE: FUNDS TO BE DIRECTED TO THE OUTLAW STATE OF KIND HOMETOWN FUND

$150,000
Chan Zuckerberg Initiative Foundation

Palo Alto, CA

PURPOSE: SUPPORT THE KENTUCKY STUDENT VOICE TEAM

$100,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$124,343,621
Earnings-$12,643,545
Admin Expense$858,436
Net Contributions$4,695,716
Grants$3,810,106
Ending Balance$111,727,250

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