Community Foundations' Efforts
Efforts to attract private donations for public projects continue to build steam. The Endowed Kentucky Program and Commission were established in 20-10 by the general assembly. The aim is to increase philanthropic activity across the Commonwealth. For example, Department for Local Government Commissioner Tony Wilder says they’re seeking inheritance for projects…such as parks, education and the arts.
“Most people who want to do a little estate planning and they’re becoming advanced in age and want to do something…most are not thinking about public legacy but it’s more of a private thing with their heirs and that kind of thing,” said Wilder.
Hoping to encourage such contributions, the state legislature appropriated a half million dollars a year in tax credits. Wilder says there are eight community foundations in Kentucky which cover most of the Commonwealth.