Community Foundation of Louisville reaches $500 million in assets, now among largest in nation

Share on FacebookTweet about this on TwitterPin on PinterestShare on LinkedInShare on StumbleUponShare on RedditEmail this to someone

The Community Foundation of Louisville (CFL) is celebrating a major milestone in December, having surpassed $500 million in total assets. CFL is the largest charitable foundation in Kentucky, and in the top 40 of about 800 community foundations nationwide. Assets are up from $485 million at the end of 2016.

Over the past 33 years, CFL has made more than $780 million in grants to nonprofits, most of which are located in the Kentuckiana region. The Foundation’s charitable influence stretches beyond Louisville through its regional affiliates in Oldham, Shelby and Nelson counties, Wilderness Trace and the Green River Area, and through its supporting organization, the Felix E. Martin Foundation, which has made $15 million in grants for Muhlenberg County.

In addition to grantmaking, CFL provides financial support and thought leadership to numerous educational, policy and community initiatives through its influential programs and partnerships. The Foundation has awarded $17 million in college scholarships and raised nearly $14 million for area nonprofits through its Give For Good Louisville 24-hour day of giving campaign, held four times since 2014. The Foundation is also one of the founders of the Greater Louisville Project, which leverages data to catalyze civic action, and a sustaining partner of the Center for Nonprofit Excellence.

“We would not continue to be such a growing and vibrant Foundation if not for our generous donors and board of directors, which include hundreds of business and civic leaders who believe in the power of philanthropy to change the world,” said Susan Barry, President and CEO of the Community Foundation of Louisville. “Their dedication and prudence has ensured that we preserve and grow our charitable assets for the long-term benefit – doing the most good today while honoring the responsibility that comes with being a permanent community endowment. We look forward to working alongside them to grow our assets to $1 billion and beyond in the years to come.”

From Community Foundation of Louisville

Share on FacebookTweet about this on TwitterPin on PinterestShare on LinkedInShare on StumbleUponShare on RedditEmail this to someone

Related Posts

Leave a Comment