Foundation For Appalachian Kentucky Inc

THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO RECEIVE, HOLD, HANDLE, ADMINISTER, INVEST, AND REINVEST MONEY AND PROPERTY OF ALL KINDS RECEIVED BY GIFT, DEVISE, PAYMENTS, BEQUEST, OR APPOINTMENT, IN TRUST OR OTHERWISE, FOR CHARITABLE PURPOSES, PRIMARILY IN, OR FOR THE BENEFIT OF, THE PEOPLE OF SOUTHEASTERN KENTUCKY, INCLUDING FOR SUCH PURPOSES AS (A) TO ASSIST COMMUNITIES AND ORGANIZATIONS IN PROVIDING INNOVATIVE, HIGH-QUALITY PROGRAMS AND SERVICES TO THE RESIDENTS OF SOUTHEASTERN KENTUCKY; (B) TO ADMINISTER FOR CHARITABLE PURPOSES PROPERTY DONATED TO THE CORPORATION; (C) TO DISTRIBUTE MONEY FOR SUCH PURPOSES IN ACCORDANCE WITH THE TERMS OF GIFTS, BEQUESTS, DEVISES TO THE CORPORATION NOT INCONSISTENT WITH ITS PURPOSES, AS SET FORTH IN THESE ARTICLES OF INCORPORATION, OR IN ACCORDANCE WITH DETERMINATIONS MADE BY THE BOARD OF DIRECTORS PURSUANT TO THESE ARTICLES OF INCORPORATION; AND (D) TO DISTRIBUTE PROPERTY TO QUALIFIED CHARITABLE ORGANIZATIONS FOR CHARITABLE PURPOSES.

DURING THE PAST YEAR, THE FOUNDATION: (1) CONTINUED TO OPERATE AND ESTABLISH A WELL-GROUNDED, WELL-KNOWN AND WELL-REGARDED OFFICE AND STAFF IN THE HEART OF THE SOUTHEASTERN KENTUCKY COAL FIELDS WHILE ESTABLISHING AND PARTICIPATING IN REGIONAL INITIATIVES TO TRANSITION TO A DIVERSE ECONOMY AS THE COAL INDUSTRY CONTINUES TO DECLINE; (2) MET NATIONAL STANDARDS FOR US COMMUNITY FOUNDATIONS AS SET FORTH BY THE COMMUNITY FOUNDATIONS NATIONAL STANDARDS BOARD AT THE NATIONAL COUNCIL ON FOUNDATIONS; (3) PROVIDED FISCAL AND ADMINISTRATIVE SPONSORSHIPS FOR NUMEROUS ORGANIZATIONS; AND (4) PROVIDED LEADERSHIP AND SUPPORT TO THE APPALACHIA FUNDERS NETWORK, A COLLABORATIVE OF PUBLIC AND PRIVATE FUNDERS WORKING TOGETHER TO BUILD COMMUNITY CAPACITY AND PROMOTE AN EQUITABLE ECONOMIC TRANSITION INTO NEW AND EMERGING SECTORS AS THE COAL INDUSTRY CONTINUES TO DECLINE.