In response to the ongoing COVID-19 crisis, Central Kentucky Community Foundation is activating its disaster relief fund, Central Kentucky Cares, according to a news release.
The fund will send resources through nonprofit organizations to support people directly affected. The goal is to attract and provide financial assistance to help communities, households and people, who are disproportionately impacted by the virus and its economic consequences, the release said.
“In times of crisis, our community always steps up to the challenge,” said Davette B. Swiney, CKCF president and CEO. “This time is no different. The Central Kentucky Cares Fund provides an opportunity for the community to come together to help those directly affected by the COVID-19 crisis. It is a one-stop place for people to make a difference in this challenging time.”
The foundation put $5,000 into the fund along with initial gifts from donors. Anyone can support the Central Kentucky Cares Fund at ckcf4people.org/central-kentucky-cares. All donations will be used to respond to the impact of this outbreak on our community.
“The COVID-19 crisis is like none we have ever faced before,” Swiney said. “As the weeks go on, the hardship on individuals and families intensifies increasing the demand for health, food, rent and utility assistance. Our local nonprofit organizations are striving to meet this surge in demand for their services and this fund will help them do just that.”
Lindsey Alicna, chairwoman of the foundation board, said the fund provides a sense of unity and combines our collective resources to make a bigger impact for those in need.
“Central Kentucky Cares is a way we can make it easy for community-minded businesses and individuals to give to our neighbors in need,” she said. “The fund allows us to pull our efforts together in these challenging social and economic times and give our community a sense of togetherness. It also has created a certain way we can help those in need in these uncertain times.”
Grants from the fund will be made to nonprofit organizations that aid individuals and families directly impacted by COVID-19. These will be quick grant applications designed to deploy dollars quickly. A grants committee will review and make award determinations based on money available.
Since the start of the outbreak, area nonprofit organizations have only seen an increase in requests, said Hope Burke, executive director of Helping Hand of Hope.
“Every day we help fill the needs of people that are needing extra assistance and people needing a hand up,” she said. “Now that COVID-19 has hit our community, we are getting calls from all over. People are requesting help they never expected to need.”
“This is something that’s affecting every single one of us,” she added. “This is a time where we as a community can all come together.”
The program covers all nine counties the foundations serves: Breckinridge, Grayson, Hardin, Hart, LaRue, Marion, Meade, Nelson and Washington counties. Gifts can be directed to specific counties when requested.
For those interested in giving, The CARES Act includes a charitable tax break for filers who claim the standard deduction. It allows individuals to contribute up to $300 to nonprofit organizations. For those who itemize, the CARES Act also increases their donor deduction option. During this peak of COVID-19, itemizers can give as much as you want to charities without exceeding the deductible percentage cap. For companies that give, the current 10-percent limitation is increased to 25 percent of taxable income.
As a 501(c)(3) nonprofit organization, gifts to the Central Kentucky Cares Fund at Central Kentucky Community Foundation qualify for the tax deductions passed in the CARES Act.
Information can be found at ckcf4people.org/central-kentucky-cares/.