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Commerical Bank Foundation is a private trust based in GRAYSON, KY. The foundation received its IRS ruling in 1986. It holds total assets of $218K. Annual income is reported at $13K. KENTUCKY CHRISTIAN UNIVERSITY. According to available records, Commerical Bank Foundation has made 59 grants totaling $123K, with a median grant of $1K. The foundation has distributed between $40K and $43K annually from 2020 to 2022. Individual grants have ranged from $500 to $15K, with an average award of $2K. The foundation has supported 23 unique organizations. Grants have been distributed to organizations in Kentucky and West Virginia. Contributions to this foundation are tax-deductible.
SCHOLARSHIP GRANTS TO VARIOUS QUALIFYING STUDENTS FOURTEEN(17 )INDIVIDUAL SCHOLARSHIP GRANTS
Expenses: $17K
KENTUCKY CHRISTIAN UNIVERSITY
Expenses: $10K
CARTER COUNTY ELEMENTARY SCHOOLS-SUPPORT FOR ONLINE FINANCIAL LITERACY PROGRAM
Expenses: $10K
KENTUCKY CHRISTIAN UNIVERSITY - THE JACK AND EDITH STROTHER SCHOLARSHIP FUND
Expenses: $5K
KENTUCKY CHRISTIAN UNIVERSITY. Based on available records, the foundation has funded 59 grants. Its grantmaking reaches organizations primarily in KY, WV.
Commerical Bank Foundation has distributed a total of $123K across 59 grants. The median grant size is $1K, with an average of $2K. Individual grants have ranged from $500 to $15K.
The application deadline is GRADUATING SENIORS MUST SUBMIT APPLICATION FORM BY APRIL 15 OF THAT YEAR.. THE ONLY LIMITATION IS ON SCHOLARSHIP AWARDS WHICH ARE RESTRICTED TO STUDENTS OF CARTER COUNTY SCHOOLS. LIMITATIONS ARE DETERMINED BY THE TRUSTEES.
Commerical Bank Foundation is headquartered in GRAYSON, KY. While based in KY, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jack W Strother Jr | CO-TRUSTEE | $0 | $0 | $0 |
| Mark Strother | CO-TRUSTEE | $0 | $0 | $0 |
Total Giving
$42K
Total Assets
$247K
Fair Market Value
$247K
Net Worth
$247K
Grants Paid
$41K
Contributions
$12K
Net Investment Income
$632
Distribution Amount
$13K
Total Grants
59
Total Giving
$123K
Average Grant
$2K
Median Grant
$1K
Unique Recipients
23
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Kiwanis ClubSCHOLARSHIP | Grayson, KY | $1K | 2021 |
| Kentucky Christian UniversityCHARITABLE GRANTS FOR SCHOLARSHIPS | Grayson, KY | $15K | 2022 |
| Carter County ElementaryPURCHASE OF ONLINE FINANCIAL LITERAC | Grayson, KY | $10K | 2022 |
| Grayson ChamberSPONSOR | Grayson, KY | $2K | 2022 |
| Kba Relief FundDONATION TO DISASTER | Louisville, KY | $1K |
LOUISVILLE, KY
DICKSON, TN
LEXINGTON, MS
BELLEVUE, KY
LOUISVILLE, KY
| 2019 | 990PF | View |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2022 |
| Jordan Orcutt MsuMSU SCHOLARSHIP | Olive Hill, KY | $1K | 2022 |
| Noah Sammons MsuSCHOLARSHIP MSU | Grayson, KY | $1K | 2022 |
| David Waylon Eklund UkSCHOLARSHIP | Olive Hill, KY | $1K | 2022 |
| Alexandria Rayburn MsuCOLLEGE SCHOLARSHIP - MSU | Olive Hill, KY | $1K | 2022 |
| Aden Nichols MsuSCHOLARSHIP | Olive Hill, KY | $1K | 2022 |
| Ethan Tiller TransylvaniaSCHOLARSHIP | Grayson, KY | $1K | 2022 |
| Project Merry ChristmasDONATION FOR CHRISTMAS GIFTS | Grayson, KY | $1K | 2022 |
| Tristen Sexton U Of LSCHOLARSHIP | Webbville, KY | $1K | 2022 |
| Foundation For The Tri StateCHARITABLE GRANT | Ashland, KY | $500 | 2022 |
| Kaitlyn Cartwright MsuCOLLEGE SCHOLARSHIP - MSU | Grayson, KY | $1K | 2021 |
| Karilee Knipp UkCOLLEGE SCHOLARSHIP UK | Olive Hill, KY | $1K | 2021 |
| Abby Hall U Of LSCHOLARSHIP - UNIV OF LOUISVILLE | Rush, KY | $1K | 2021 |
| Brianna Williams MsuSCHOLARSHIP MSU | Grayson, KY | $1K | 2021 |
| David Waylon Eklund Centre CollegSCHOLARSHIP CENTRE COLLEGE | Olive Hill, KY | $1K | 2021 |
| Hadley Burchett UkSCHOLARSHIP UNIVERSITY OF KY | Olive Hill, KY | $1K | 2021 |
| James Mcdavid EkuCOLLEGE SCHOLARSHIP-EASTERN KENTUCKY | Grayson, KY | $1K | 2020 |
| Brody Carpenter TransylvaniaCOLLEGE SCHOLARSHIP-TRANSYLVANIA | Olive Hill, KY | $1K | 2020 |
| Kindred Charities Dare To DreamCHARITABLE GRANT | Huntington, WV | $1K | 2020 |
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