March 5, 2014 — The wish list wasn’t expensive or fancy but it reflected the real world of non-profit organizations which are so important to Carter County.
…Defibrillators for electric linemen…mobile command post equipment…a summer literacy program for kids and parents…new computers and children’s books for public library branches …Christmas shoes for needy kids…and stage lighting for a community center.
Last week’s first grant awards dinner of the Carter County Community Fund was historic, not for the amount of grant money distributed, but for the source of the funds.
It marked the first time that non-profit groups received cash grants which came from money raised by another charitable organization within Carter County.
The CCCF operates under the umbrella of the Foundation for the Tri-State Community, Inc., in Ashland, a 501 © 3 tax exempt, non-profit corporation.
Nearly 60 donors and recipients witnessed the event at Kentucky Christian University as members of the CCCF board explained why they were committed to building a community foundation that hopes eventually to have a $1 million endowment.
Grants awarded last week came primarily from a $5,000 prize the CCCF received from the Appalachian Regional Commission because of its success in raising $10,000 in private funds at the end of 2013.
Board Chair Mindy Woods-Click reported that the CCCF now has a fund balance of more than $33,000 and will work toward its next goal of a $100,000 endowment.
Earlier, it was announced that the CCCF had received $20,000 from the final distribution of funds by the Carter County Summer Bash Committee.
The CCCF will make future grants from the earnings of its endowed funds which are invested by the Ashland foundation.
“Creating an endowment means that our money will always be there to help us support these non-profits whose work is so important to Carter County,” said Woods-Click.
The first grant recipients included the cities of Grayson and Olive Hill, Project Merry Christmas, Carter County Public Library, Friends of the Library, Olive Hill Historical Society and Grahn Community Center.