Horizon Community Funds Receives National Accreditation Status
Designation comes as community foundation announces Endow Kentucky Tax Credits
Covington, KY – Horizon Community Funds of Northern Kentucky recently received accreditation with the nation’s highest standard for philanthropic excellence. National Standards for U.S. Community Foundations® establish legal, ethical, effective practices for community foundations everywhere.
“Horizon Community Funds is committed to transparency, quality, integrity, and accountability as it carries out its mission to improve the lives of all Northern Kentuckians,” said Horizon Community Funds President Nancy Grayson. “We are happy to be able to showcase this accreditation as an added layer of assurance for our donors, as well as their legal and financial advisors.
The National Standards for U.S. Community Foundations® program requires community foundations to document their policies for donor services, investments, grantmaking and administration. It is the first program of its kind for charitable foundations in the United States.
“National accreditation reinforces the importance of our role as a community foundation,” added Grayson. “When our donors are ready to make impactful investments in our community, we are ready to meet them where they are in their charitable giving strategies.”
Horizon Community Funds is also now approved for the Endow Kentucky Tax Credit, which allows donors to receive a state tax credit toward their Kentucky Income Tax after making a contribution to permanent endowment funds at qualified community foundations. Donors are eligible to receive up to a 20% income tax credit (not to exceed $10,000) per taxable year. A total allotment $1 million will be available to taxpayers on July 1, 2019. Learn more about this opportunity at https://www.horizonfunds.org/types-of-giving.
Horizon Community Funds of Northern Kentucky is a qualified public charitable 501(c)(3) organization established as a community foundation in 2017 by Northern Kentucky leaders. Its mission is to unite resources to raise the quality of life for all people in the Northern Kentucky community. More information can be found at www.horizonfunds.org.