2010 Year In Review

2010 was the second year in implementing a five-year strategic plan that identified four areas on which to focus our efforts. Below is a summary of focus areas including highlights of 22 grants awarded totaling $7,966,388 and three disbursements of previously awarded 2008 and 2009 grants in the amount of $5,606,567. The total amount paid in 2010 for grants awarded or disbursed was $13,572,955.

Quality of Life
Human Services & Culture
The Foundation awarded 12 quality of life grants in 2010. Ten human services grants were awarded to organizations located in the greater Louisville area. Two cultural grants were awarded to the Kentucky Derby Museum, and to the American Cave Conservation Association which is located in Hart County in South Central Kentucky. Three emergency funding grants were awarded to the American Cave Conservation Association, Boys & Girls Clubs of Kentuckiana, and the Volunteers of America in direct response to the economic downturn. The Foundation restricted $300,000 of a $1 million grant to Metro United Way to establish an emergency pool of funds for nonprofits experiencing severe financial distress. The Foundation also disbursed funds for a 2009 grant to the Louisville Sports Arena Authority for the public plaza, and distributed the second of three disbursements to the Louisville Zoo for the Glacier Run exhibit.

Neighborhood Revitalization and Economic Development
The Foundation awarded a grant to New Directions, Inc. toward a work plan to revitalize the Smoketown-Shelby Park neighborhood, and also awarded a grant to Habitat for Humanity which included efforts to build affordable housing in Eastern Jefferson County.

21st Century Jobs
The Foundation awarded two grants through the Community Foundation of Louisville: 1) toward efforts to education attainment in the region through the newly established 55,000 Degrees (55K) and toward the Greater Louisville Project’s monitoring of key indicators to measure the city’s progress against its peer cities.

Education
Higher Education
2010 was the second year for the Brown Fellows Program (BFP) established with a goal to challenge Centre College and the University of Louisville to become more competitive through recruitment and retention of top academic students, and to strive for excellence. The BFP provided 40 Fellows academic and summer enrichment opportunities as well as gap funding to each institution to ensure that each Fellow receives full comprehensive tuition. The Foundation allocated approximately $686,845 toward this second year and anticipates allocating approximately $3 million over the next two years toward this program.

Early Childhood Focus
The Foundation directed $200,000 of a $1 million challenge grant to Metro United Way to be used toward providing curriculum in their child development centers that do not currently have curriculum available.

Broad Education Initiatives
The Foundation awarded grants to the Governor’s Scholars Program for its summer program and to the Jefferson County Public Education Foundation to support an early college program for high school students. The Foundation also awarded grants to the Prichard Committee and Teach Kentucky toward parent education and advocacy and toward providing teacher excellence respectively. Responding to the August 2009 Louisville flood, the Foundation awarded a $500,000 grant to the Library Foundation to rebuild and restore the main Branch of the Louisville Public Library.

James Graham Brown Cancer Center
In 2010 the Foundation distributed the third of five $4 million disbursements which were used to recruit new faculty members including two faculty members at the Owensboro Research Facility and other targeted focus area recruitments. Toward its goal to achieve a National Cancer Institute designation, the Center has established a goal of recruiting an additional 50 new faculty members over the next five to seven years.

Top Performance
Staff participated in several national- regional- community-oriented activities including Southeastern Council of Foundations: Membership, Program, Government Affairs Committees; Council on Foundations: Public Policy Committee and Foundations on the Hill; Leadership Kentucky; Greater Louisville Project, and a new education initiative 55,000 Degrees.

Staff partnered with Metro United Way to establish criteria for and administer a $300,000 emergency pool of funds for non-profits who were experiencing both an increased demand for services and severe financial stress as a result of the recession. As a result of this pool of funds, an additional 14 non Metro United Way agencies and 13 MUW agencies in the greater Louisville area received financial support.

Preliminary work began on the formation of a statewide funders’ network to be known as Grantmakers of Kentucky.

Multi-Year Grantmaking:

Grants awarded as multi-year disbursements for fiscal year 2010 totaled $5,606,567. This figure does not include our commitment to the Brown Fellows Program with an estimated cost to be approximately $4.5 million 2010 – 2012.

Organization Awarded in 2009 Payable 2009 Payable 2010 Payable 2011 Payable 2012 Payable 2013
JGB Cancer Center (2008) $4,000,000 $4,000,000 $4,000,000 $4,000,000
J.B. Speed Arts Museum $5,000,000 $2,000,000 $1,000,000 $1,000,000 $1,000,000
Louisville Zoo $2,000,000 $666,668 $666,666 $666,666
21st Century Parks $5,000,000 $1,666,668 $1,666,666 $1,666,666
Louisville Sports Arena $939,901 $939,901
TOTAL $12,000,000 $8,333,336 $5,606,567 $7,333,332 $6,666,666 $1,000,000