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Page 1: Who are the ARDPI Partners? Why ARDPI? Funded by Promote wealth creation Establish community foundations or community foundation funds Transform communities
Page 2: Who are the ARDPI Partners? Why ARDPI? Funded by Promote wealth creation Establish community foundations or community foundation funds Transform communities

Who are the ARDPI Partners?

ARDPI

The Center for Rural Development

Brushy Fork Institute

Blue Grass Community Foundation

The Foundation for Appalachian

Kentucky

The Foundation for the Tri-State

Community

Kentucky Philanthropy

Initiative

Endow Kentucky Commission

Page 3: Who are the ARDPI Partners? Why ARDPI? Funded by Promote wealth creation Establish community foundations or community foundation funds Transform communities

Why ARDPI?Funded by

• Promote wealth creation• Establish community foundations or community foundation

funds• Transform communities from within

Page 4: Who are the ARDPI Partners? Why ARDPI? Funded by Promote wealth creation Establish community foundations or community foundation funds Transform communities

What is a Community Foundation?

• Exists as an independent, tax-exempt public charity

• Features giving by and for local residents• Acts as a community savings account• Creates long term assets for the betterment of

the entire community

Page 5: Who are the ARDPI Partners? Why ARDPI? Funded by Promote wealth creation Establish community foundations or community foundation funds Transform communities

Who Are the Pilot Counties?

Bell, Clay, Knox, Magoffin, Whitley, Knott, Letcher, Elliott

Page 6: Who are the ARDPI Partners? Why ARDPI? Funded by Promote wealth creation Establish community foundations or community foundation funds Transform communities

What Does ARDPI Offer Pilot Counties?

• Community leaders from Pilot Counties can:– Explore the potential that local community

philanthropy offers as a development tool– Examine options to build local community

philanthropy– Get real help and hands-on assistance over the next

two years

Page 7: Who are the ARDPI Partners? Why ARDPI? Funded by Promote wealth creation Establish community foundations or community foundation funds Transform communities

Who Are the Prospect Counties?

Adair, Bath, Breathitt, Carter, Casey, Clinton, Cumberland, Estill, Fleming, Floyd, Green, Harlan, Hart, Jackson, Johnson, Lawrence, Lee, Leslie, Lewis, Lincoln, Martin, McCreary, Menifee,

Metcalfe, Monroe, Morgan, Owsley, Perry, Powell, Robertson, Rockcastle, Russell, Wayne, Wolfe

Page 8: Who are the ARDPI Partners? Why ARDPI? Funded by Promote wealth creation Establish community foundations or community foundation funds Transform communities

What Does ARDPI Offer Prospect Counties?

• Community leaders from Prospect Counties can:– Apply for mini-grants – Access online resources– Develop a plan to take rural philanthropy to the

next level

Page 9: Who are the ARDPI Partners? Why ARDPI? Funded by Promote wealth creation Establish community foundations or community foundation funds Transform communities

What Are ARDPI’s Goals?• Raise awareness on rural philanthropy• Elevate the understanding of community

foundations and their benefits• Secure local assets to provide long-term

resources for Eastern Kentucky communities• Keep Eastern Kentucky’s wealth in Eastern

Kentucky• Increase charitable giving overall

Page 10: Who are the ARDPI Partners? Why ARDPI? Funded by Promote wealth creation Establish community foundations or community foundation funds Transform communities

Background Information• Transfer of Wealth Kentucky Study

• http://www.kyphilanthropy.org/images/stories/reports/KSOP-ToW.pdf

• Endow Kentucky Legislation• http://dlg.ky.gov/Endow+Kentucky.htm

Page 11: Who are the ARDPI Partners? Why ARDPI? Funded by Promote wealth creation Establish community foundations or community foundation funds Transform communities

What is Transfer of Wealth?• Every Kentucky county has wealth• $707 billion will transfer to the next

generation by 2060• Outmigration in Eastern Kentucky increases

the impact• The difference capturing even 5% of that

wealth could make for your county’s future

Page 12: Who are the ARDPI Partners? Why ARDPI? Funded by Promote wealth creation Establish community foundations or community foundation funds Transform communities

Transfer of WealthBlue Grass Community Foundation Pilot Counties

Page 13: Who are the ARDPI Partners? Why ARDPI? Funded by Promote wealth creation Establish community foundations or community foundation funds Transform communities

Transfer of WealthBlue Grass Community Foundation Pilot Counties

Page 14: Who are the ARDPI Partners? Why ARDPI? Funded by Promote wealth creation Establish community foundations or community foundation funds Transform communities

Transfer of WealthThe Foundation for Appalachian Kentucky Pilot Counties

2010 Net Worth TOW 5% Capture 5% PayoutCounty $ Billions $ Billions $ Millions $ MillionsKnott $0.76 $0.19 $9.72 $0.49Letcher $0.88 $0.23 $11.33 $0.57

2010 Net Worth TOW 5% Capture 5% PayoutCounty $ Billions $ Billions $ Millions $ MillionsKnott $0.76 0.48 23.35 1.17Letcher $0.88 $0.52 $26.13 $1.31

2010 Net Worth TOW 5% Capture 5% PayoutCounty $ Billions $ Billions $ Millions $ MillionsKnott $0.76 $1.76 $87.77 $4.39Letcher $0.88 $1.77 $88.27 $4.41

Ten Year

Twenty Year

Fifty Year

Page 15: Who are the ARDPI Partners? Why ARDPI? Funded by Promote wealth creation Establish community foundations or community foundation funds Transform communities

Transfer of WealthThe Foundation for Appalachian Kentucky Pilot Counties

2010 Net Worth TOW 5% Capture 5% PayoutCounty $ Billions $ Billions $ Millions $ MillionsKnott $0.76 $0.19 $9.72 $0.49Letcher $0.88 $0.23 $11.33 $0.57

Ten Year

Page 16: Who are the ARDPI Partners? Why ARDPI? Funded by Promote wealth creation Establish community foundations or community foundation funds Transform communities

Transfer of WealthThe Foundation for the Tri-State Community Pilot County

2010 Net Worth TOW 5% Capture 5% PayoutCounty $ Billions $ Billions $ Millions $ MillionsElliott $0.17 $0.04 $2.07 $0.10

2010 Net Worth TOW 5% Capture 5% PayoutCounty $ Billions $ Billions $ Millions $ MillionsElliott $0.17 $0.10 $4.97 $0.25

2010 Net Worth TOW 5% Capture 5% PayoutCounty $ Billions $ Billions $ Millions $ MillionsElliott $0.17 $0.45 $22.41 $1.12

Ten Year

Twenty Year

Fifty Year

Page 17: Who are the ARDPI Partners? Why ARDPI? Funded by Promote wealth creation Establish community foundations or community foundation funds Transform communities

Transfer of WealthThe Foundation for the Tri-State Community Pilot County

2010 Net Worth TOW 5% Capture 5% PayoutCounty $ Billions $ Billions $ Millions $ MillionsElliott $0.17 $0.04 $2.07 $0.10

Ten Year

Page 18: Who are the ARDPI Partners? Why ARDPI? Funded by Promote wealth creation Establish community foundations or community foundation funds Transform communities

What is Endow Kentucky? • Allows a 20% tax credit for any endowment

up to $50,000 made to a qualified community foundation

• Allows credit to be spread over a five-year period

• State and Federal tax deductions still apply

Page 19: Who are the ARDPI Partners? Why ARDPI? Funded by Promote wealth creation Establish community foundations or community foundation funds Transform communities

There’s never been a better time to give here in Kentucky!

Endow Kentucky Commission