Blue Grass Community Foundation Inc
- Assets
- $180.7m
- Revenue
- $32.9m
- Investments
- $0.0
- Employees
- 13
- Location
- Lexington, KY
- Founding
- 01/1968
- Data as of
- 06/2021
- EIN
- 61-6053466
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 06/2021, Blue Grass Community Foundation Inc generated $32.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $20.5m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Blue Grass Community Foundation Inc has awarded 2,207 individual grants totaling $69,879,402. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn F Purcell Director | Trustee | 1 | $0 |
Michelle Hollingshead Director | Trustee | 1 | $0 |
B Blanton Coates Jr Director | Trustee | 1 | $0 |
Tiffany Daniels Director | Trustee | 1 | $0 |
Lori Garkovich Director | Trustee | 1 | $0 |
Vanessa Grossl Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Barbara Grygutis Sculpture Artist Fees | 6/29/21 | $210,237 |
Mason Investment Advisory Services Investment Services | 6/29/21 | $253,661 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,429,835 |
| Investment income | $3,300,815 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,428,645 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,891,839 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $315,190 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $374,113 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $568,012 |
| Pension plan accruals and contributions | $51,810 |
| Other employee benefits | $52,222 |
| Payroll taxes | $68,101 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,082 |
| Fees for services: Accounting | $11,082 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $626,756 |
| Fees for services: Other | $42,568 |
| Advertising and promotion | $78,403 |
| Office expenses | $55,550 |
| Information technology | $127,258 |
| Royalties | $0 |
| Occupancy | $33,909 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,027 |
| Interest | $18,104 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,565 |
| Insurance | $15,914 |
| All other expenses | $0 |
| Total functional expenses | $20,482,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,997,478 |
| Pledges and grants receivable | $356,375 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $161,567,907 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,231,766 |
| Total assets | $180,680,895 |
| Accounts payable and accrued expenses | $1,897 |
| Grants payable | $1,000,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $19,018,092 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $479,822 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,499,811 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $160,181,084 |
Grants Awarded
Over the last fiscal year, Blue Grass Community Foundation Inc has awarded $12,507,532 in support to 340 organizations.
| Grant Recipient | Amount |
|---|---|
UNION CHURCH PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $573,250 |
TOWN BRANCH PARK PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $524,333 |
UNIVERSITY OF KENTUCKY (1 OFFICE OF PHILANTHROPY - MAIN GRANTEE RECORD) OFF PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $646,300 |
BANK OF AMERICA CHARITABLE GIFT FUND PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $441,680 |
LEGACY GREENSCAPES 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 |