The assets of Bowling Green's top foundations grew to $8,396,419 for the most recent year on record, according to the recently released Kentucky Foundation DataBook.
The 384-page DataBook lists every foundation in Kentucky and profiles the top 162 Kentucky grantmaking foundations, whose assets represent more than 99% of all Kentucky foundation assets. The DataBook is the only directory in Kentucky that lists every one of the 7,941 grants awarded by the state's largest foundations.
There are 5 Bowling Green foundations profiled in the DataBook. The combined total of the grants awarded by these foundations was $557,786.
Bowling Green nonprofit organizations received 82 grants with a combined total of
$1,078,422. The average grant to Bowling Green nonprofit organizations was $13,151.
Each of the 7,941 grants made by the profiled foundations is described using the 26 Major Field Areas of the National Taxonomy of Exempt Entities (NTEE) classification system, developed specifically to categorize nonprofit organizations. The top categories of foundation grants in Bowling Green were: 23 grants classified as Education, with a sub-total of $706,061; 5 grants classified as Religion, spiritual development, with a sub-total of $160,369; 13 grants classified as Human services- other, multi-purpose, with a sub-total of $110,149.
Bowling Green's largest foundation is the Ervin G. Houchens Foundation, whose assets of $3,369,196 give it a state-wide ranking of 55, as compared to the other 161 foundations profiled. The largest Bowling Green grant, made by Raymond B. Preston Family Foundation, was to Western Kentucky University in the amount of $300,160. The purpose was: Sports complex. Community.
The combined asset amount of Kentucky's top 162 foundations is $1,400,789,233. The foundations profiled in the DataBook are identified by careful cross checking of IRS and state public records (starting with the IRS 990 tax returns foundations are required to file), culling out dedicated purpose foundations or foundations which award scholarships exclusively.
