Home About Us For Donors For Nonprofits Contact Us Types of Funds Choose How You Want to Give Unrestricted Fund This is the broadest and most flexible fund option. Your donation can extend to any charitable organization serving emerging or chronic needs in our community.  Designated Fund A specific charitable organization can be supported in perpetuity through this type of fund. The Foundation's Board will ensure that the designated recipient receive maximum financial support as long as it continues to fulfill the original charitable purpose.  Field of Interest Without naming specific charities, this fund allows you to address an issue or topic important to you. You identify the purpose and the Foundation will select projects that most effectively accomplish the goals you set.  Future Fund Deferred giving allows you to plan for a significant gift in the future while meeting your current financial responsibilities. Your giving may take the form of a bequest, a charitable remainder trust, or charitable gift annuity. These bequests are created through your will, and may be changed at any time.  Donor Advised Fund This fund operates much like a personal or family foundation. You may contribute to your fund whenever it's convenient, and recommend gifts as you prefer. Donor Advised Funds allow donors to be actively involved in the grant distribution process.  Scholarship Fund You can help young people in our community to further their education. Scholarship funds can be general and open to the public, or target a geographic area, specific school, or a particular area of study. You may also be involved in the selection process by participating in an independent selection committee.  Temporary Fund You make one gift to the Foundation and receive a tax deduction immediately. Later, you instruct the Foundation to make distributions from the fund to specific charities or projects of your choice. Temporary funds offer flexibility, easy record keeping and simplified tax reporting.  Nonprofit Agency Fund The funds will remain fully accessible to your organization if the fund is Non-Endowed, meaning that the corpus of the fund does not have to be held in perpetuity. The interest earned in an agency fund can be drawn by your organization or be reinvested into the agency fund to help it grow over time.  Nonprofit Organization Fund The body of the gift will remain in the fund in perpetuity. Your organization will be able to draw investment income from the endowment. The benefits of the endowed fund are its permanence and reassurance. This is a long term way to help financially sustain your organization in the future.  Authorized by the general assembly in 2010, the Endow Kentucky Tax Credit Program offers taxpayers an opportunity to help their community and receive a tax credit toward their Kentucky Income Tax! For a contribution to endowed permanent funds at a qualified community foundation, a taxpayer may receive a 20% tax credit up to $10,000 per donor per taxable year. $1 million in Tax Credits for 2020. Endow KY Tax Credit  NAME EMAIL PHONE YOUR MESSAGE Submit Contact Us  © 2017 - Community Foundation of West Kentucky CONTACT US PO Box 7 333 Broadway, Suite 530 Paducah, KY 42002 270-442-8622 855-242-CFWK CEO- Tony Watkins tjwatkins51@aol.com Finance Director- Rhonda Henderson rhenderson@cfwestky.org NPO Consultant- Chris Dockins cdockins.cfwestky@gmail.com  