ANNUAL REPORT COMMUNITY FOUNDATION

OF WEST KENTUCKY

Safeguarding the Generosity of Caring Communities

Mr. Carney Allen Mr. William Black Dr. Ted Borodofsky Mr. Joe Framptom Mr. Louis Haas Mrs. Francis Hamilton

Mr. Ronald Jackson Mr. Eugene Katterjohn, Jr. Mrs. Geraldine Montgomery Mr. C. Thomas Murrell, III Dr. Louis Myre Mr. Fred Paxton

Mr. Jerry Severns Mr. George Shaw Dr. Richard Smith Mr. George Sullivan Mr. David York

PRESIDENTJoe Framptom* CEO / Chairman Paducah Bank

VICE PRESIDENT Jamey Brown* Agency Manager / UBS

SECRETARY/TREASURER Vicki Brantley* VP, CPA, Internal Auditor Paducah Bank

Chris Black*President Ray Black & Son, Inc.

Mark HequembourgCPA / Kemper Group

Ronald Jackson*CPA / Attorney at Law Denton Law Firm

Jerry Severns*CPA (Retired)

Ken Wheeler Marine Executive (Retired)

George Shaw Investment Consultant Paducah Bank (Retired)

Terry Bunnell

Glasgow/Barren Co Affiliate Representative

Scott Powell*Regional President USBANK

Angie Jackson Executive Director

Gary Houston*Attorney at Law Whitlow, Roberts, Houston & Straub, PLLC

Mark Whitlow Attorney at Law (Retired)

Harold Hurt Attorney at Law Murray Affiliate Representative

Mark Weaver Investment Broker Henderson Affiliate Representative

Rick Leeper Businessman (Retired)

George Long Attorney at Law (Retired)

Susan Guess VP-Marketing Paducah Bank

Jason Siener President Beltline Electric Co.

Gerry Montgomery Board Emeritus

Carney Allen Board Emeritus

Board of Directors

COMMUNITY FOUNDATION OF WEST KENTUCKY

Charter Members of the Board of Directors Paducah Area Community Foundation

* DENOTES EXECUTIVE COMMITTEE MEMBER

Safeguarding the Generosity of Caring Communities

COMMUNITY FOUNDATION OF WEST KENTUCKY

In the Spirit of Benevolence

2

GLASGOW HIGH SCHOOL

Planting Seeds of Inspiration

6

MARSHALL COUNTY ARTS COMMISSION

Insuring the Inclusion of Marshall

8

THE FOUNDATION AT MURRAY-CALLOWAY COUNTY HOSPITAL

Compassionate Community Healthcare

10

DONNA HERNDON Enduring Hope Campaign Chair

PADUCAH PUBLIC SCHOOLS FOUNDATION

Enhancing Education One Student at a Time

Goals of the Foundation

12

Innovation Hub

Joe FramptomCHAIRMAN OF THE BOARD

Tony Watkins, CEOCOMMUNITY FOUNDATION OF WEST KENTUCKY

14

Jamey R. Brown, CFP® CEPA®

INCOMING CHAIRMAN OF THE BOARD

SUMMARY STATEMENT OF FINANCIAL POSITION

Assets Cash and cash equivalents $ 3,709,962 Accrued investment income $38,548 Investments $27,112,967 Grants & other receivables $1,534 Property and equipment, net $2,459 Prepaid expenses $7,437

Total Assets $30,872,907

Liabilities and Net Assets Accounts payable $25,014 Agency funds $3,597,044 Liability to beneficiaries $61,821 Liability under split-interest agreement $97,710

Total Liabilities $ 3,781,589

Net Assets Unrestricted $27,063,634 Permanently restricted $29,107 Retained earnings ($1,423)

Total Net Assets $27,091,318 Total Liabilities and Net Assets $30,872,907

SUMMARY STATEMENT OF ACTIVITIES

Revenue and Support Public Support Gifts, grants, and donations $ 2,315,427 Revenue Investment income/(loss) $3,837,939 Other income $30,312 Transfer to Agency funds ($9,000) Change in value of split-interest liability $2,865

Total Revenue and Other Support $ 6,177,543

Expenses Program Services Grants $1,636,229 Projects $15,147 Management and General $301,427

Total Expenses $1,952,803 Change in Net Assets $4,224,740 Net assets, Beginning of the Year $22,838,894Net Assets, End of Year $27,063,634

The Community Foundation of West Kentucky is audited on an annual basis.Copies of the most recent audit and Form 990 are available at the Foundation of ce located at 333 Broadway, Paducah, Kentucky.

Unaudited Consolidated Financial Statement / DECEMBER 31, 2019

COMMUNITY FOUNDATION OF WEST KENTUCKY

TONY WATKINS, CEO

PO Box 7 333 Broadway Suite 530 Paducah, Kentucky 42002

tjwatkins51@aol.com 270.442.8622 / 855.242.2395

COVER PHOTO BY PHYLLIS RUSSELL