Legacy Foundation Of Kentuckiana Inc
- Assets
- $122.2m
- Revenue
- $8.1m
- Investments
- $117.7m
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 08/2019
- Data as of
- 06/2022
- EIN
- 83-2170324
Organization Overview
Legacy Foundation Of Kentuckiana Inc is located in Lexington, KY. The organization was established in 2019. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Foundation Of Kentuckiana Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Legacy Foundation Of Kentuckiana Inc has awarded 17 individual grants totaling $27,924,351. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LEGACY FOUNDATION OF KENTUCKIANA INC'S PURPOSE IS TO ASSURE THE INTEGRITY OF THE MINISTRY BY IMPROVING THE LIVES OF VULNERABLE POPULATIONS AND CREATING HEALTHIER COMMUNITIES IN THE SIX COUNTIES SERVED: BULLITT, HARDIN, JEFFERSON, NELSON, AND SHELBY IN KENTUCKY AND CLARK IN SOUTHERN INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS ORGANIZED IN JULY OF 2018 AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE IRC OF 1986, AS NOW IN EFFECT OR AS SUBSEQUENTLY AMENDED (THE "CODE) OF KENTUCKYONE HEALTH, INC AND AFFILIATES.THE LEGACY FOUNDATION OF KENTUCKIANA IS ALIGNED TO THE ORIGINAL MISSION AND PURPOSE OF JEWISH HOSPITAL & ST. MARY'S FOUNDATION WHILE GROWING AND ADAPTING IN ORDER TO MEET FUTURE HEALTHCARE NEEDS WITHIN OUR COMMUNITY. THROUGHOUT ALL OF THIS, WE WILL HONOR THE LEGACY AND INTENT OF ALL OUR GENEROUS DONORS.IN THE PAST 30 YEARS, THE FOUNDATION HAS BEEN AT THE FOREFRONT OF LIFE-CHANGING WORK. THANKS TO GENEROUS SUPPORT, WE HAVE ACCOMPLISHED A LOT IN THE GREATER LOUISVILLE AND SOUTHERN INDIANA REGION, INCLUDING ENHANCED PATIENT CARE, CUTTING EDGE MEDICAL RESEARCH, EDUCATION OF HEALTH PROFESSIONALS, AND IMPROVED ACCESS TO HEALTH CARE. OUR FOCUS IS ON THE CONTINUATION OF OUR MISSION AND TO IMPROVE THE HEALTH CARE OF OUR REGION BASED ON OUTCOMES OF THE COMMUNITY NEEDS ASSESSMENT IN SIX COUNTIES INCLUDING BULLITT, HARDIN, JEFFERSON, NELSON, AND SHELBY IN KENTUCKY AND CLARK IN SOUTHERN INDIANA.TO DEMONSTRATE THIS PURPOSE, PHILANTHROPIC SUPPORT SHALL FURTHER CHARITABLE CAUSES THAT ADVOCATE FOR HEALTHY NEIGHBORHOODS BY SUPPORTING PROJECTS THAT INTEGRATE EDUCATION, HEALTH, AND SOCIAL SERVICES WITH THE ULTIMATE GOAL OF SUSTAINABILITY AND SELF-RELIANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Schumacher Board Member/svp-Operations | Trustee | 1 | $0 |
Bruce Tassin Former President - CEO | 0 | $0 | |
Anthony Houston Market Ceo/board Member | Trustee | 1 | $0 |
Sharon Hager Former Secretary/div VP Sr Counsel | 0 | $0 | |
Leslie Smart President | Officer | 10 | $0 |
Christy Spitser Treasurer/market VP - CFO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,753 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,753 |
| Total Program Service Revenue | $0 |
| Investment income | $1,822,858 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,229,797 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,095,736 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,892,240 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $315,314 |
| Fees for services: Other | $110,909 |
| Advertising and promotion | $0 |
| Office expenses | $301,410 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,011 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $15,646,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,124,080 |
| Pledges and grants receivable | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $117,710,974 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $333,680 |
| Total assets | $122,168,734 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,529,918 |
| Total liabilities | $1,529,918 |
| Net assets without donor restrictions | $108,870,663 |
| Net assets with donor restrictions | $11,768,153 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $122,168,734 |
Grants Awarded
Over the last fiscal year, Legacy Foundation Of Kentuckiana Inc has awarded $14,875,003 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITY OF METRO LOUISVILLE INC PURPOSE: PROGRAM SUPPORT | $500,000 |
JEWISH COMMUNITY OF LOUISVILLE INC PURPOSE: PROGRAM SUPPORT | $250,000 |
BETHANY HAVEN INC PURPOSE: PROGRAM SUPPORT | $77,476 |
FLAGET MEMORIAL HOSPITAL PURPOSE: PROGRAM SUPPORT | $2,210,431 |
UNIVERSITY MEDICAL CENTER INC DBA UNIVERSITY OF LOUISVILLE HOSPITAL PURPOSE: PROGRAM SUPPORT | $10,122,979 |
EVOLVE502 INC PURPOSE: PROGRAM SUPPORT | $50,000 |