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Community Foundation approves more than $130,000 in grants.

Kenton Times 04/26/17

The Hardin County Community Foundation will award $132,602 in grants,
scholarships and bequests for 2017.


Foundation trustees, at their quarterly meeting Tuesday night in Kenton,
accepted a report from the Grants Committee which approved the awarding of
grants to 119 applicants. Five scholarships and two bequests also were
included.


Applicants will be notified via postal mail in the next few days if they
have been awarded a grant. The grants will be presented at an Awards
Reception on May 18 at 4:30 p.m. at the Armory in Kenton.


Charles VanDyne, chairman of the Grants Committee, said 174 applications
were received requesting $342,894.


Also at the meeting, trustees learned the foundation's assets have grown to
$6,229,626 as of March 31. The principal is never spent, but invested.


Income generated by the investments is used to provide the annual grants.
Trustees unanimously approved continuing with the same leadership team.
Re-elected were President William Hart, Vice President Matthew Jennings,
Treasurer Russell Berger and Secretary Gina Messner.


The session was preceded by the annual meeting of the foundation's
membership. It was highlighted by the re-election of trustees Russell
Berger, LeeAnn Loveridge, Donald Ritchey, David Schwemer and Charles
VanDyne.


Community Foundation Funds Recover From Market Losses

Kenton Times 10/21/15
The volatile stock market has taken its toll on many funds in recent weeks, but the Hardin County Community Foundation has recovered to be ahead for the year.  The foundation started 2015 with assets of $5,517,739, and is up about $45,000 as of this week, reported Keith Gensheimer, finance chair, at Tuesday's quarterly meeting of the foundation board.  The Sept. 30 quarterly report showed assets had dropped to $5,391,209.
 
Also at the meeting, trustees discussed whether to continue offering to manage funds for local non-profit groups. It currently does so for the Hardin County Fair Board, Hardin County Family YMCA and Hardin Northern School.  President William Hart said three other organizations have approached the foundation to manage their accounts as well. The discussion centered around the amount of time it takes to keep track of the accounts versus the community service the foundation offers. There will be an investigation into other foundations that offer this service and the issue will be discussed at the group's January meeting. 
 
There also was discussion about whether to continue producing a paper copy of the foundation's annual report or just offer it online to save printing and mailing costs.  Not only does the report detail the foundation's finances and grant recipients, it also contains stories and photos about the memorials that have been established to benefit the foundation. The overwhelming majority of the board said they want to continue to offer the paper version which they hope will lead to more memorials and contributions to the foundation.  It also was decided to continue the organization's annual solicitation campaign through mailings to members and potential members.
 
Finally, trustees learned the foundation's website has been redesigned and people are invited to check it out at hardinfoundation.org.
 
 
 

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