Foundation for Appalachian Kentucky Inc

Overview

The Foundation for Appalachian Kentucky Inc is a nonprofit organization dedicated to empowering communities in Appalachian Kentucky. Established in 2002, the foundation focuses on building leadership development skills, fostering community involvement, and supporting strategic planning to create a stronger and more sustainable region.

Mission and Activities

The foundation's mission is to bring together people, ideas, and resources to build communities and encourage philanthropy in Appalachian Kentucky. It operates similarly to a traditional community foundation but incorporates innovative strategies like impact investing and supporting social enterprises. The organization emphasizes shifting control back into the hands of local leaders and meeting communities where they are, rather than imposing external solutions.

Impact

Since its inception, the Foundation for Appalachian Kentucky has put over $30 million into the region, awarded more than 10,000 grants, and received over 12,000 donations. It is designed to support the growth of local economies and celebrate Appalachian culture through initiatives like the Appalachian Impact Fund.

Organizational Structure

The foundation is governed by a board of directors composed of local leaders from various sectors, ensuring diverse perspectives in decision-making. The board includes representatives from local government, businesses, and community organizations, which helps maintain community involvement and relevance.

Financials

As of the last available reporting, the foundation had a significant revenue base, primarily from contributions, with substantial net assets. Its financial operations are focused on supporting community projects and initiatives.

Goals and Initiatives

The organization's goals include developing leadership skills, growing community assets, and creating lasting positive change. It achieves these aims by connecting resources to local programs and projects, fostering collaboration among businesses, government, and nonprofits, and promoting a culture of philanthropy. The Appalachian Impact Fund is a key initiative that provides capital and connections to social entrepreneurs and projects aiming to grow local economies and honor Appalachian heritage.