OVERVIEW: The Commonwealth Bank & Trust Charitable Foundation is a corporate bank funder that supports human services, libraries, theaters, parks, playgrounds, and other causes in the Louisville, Kentucky area.
IP TAKE: This bank funder typically awards only a few grants per year to well-established arts and human services groups. It lacks transparency, restricting available information on grantmaking strategies and priorities.
PROFILE: Established in 1985, Commonwealth Bank & Trust Charitable Foundation is a corporate bank funder based in Louisville, Kentucky. The locally owned, private bank’s history dates back to 1887, and it has over $950 billion in bank assets. Tax filings suggest an interest in human services, libraries, theaters, parks and playgrounds.
The foundation does not have a website to guide grant seekers. However, the bank has deep roots in Kentucky, and the bank foundation often gives to local causes in the state. In the past, the foundation has supported the Metro United Way in Louisville, Fund for the Arts in Louisville, and Habitat for Humanity.
Foundation grants range between $1,000 and $15,000. Review the funder’s recent tax records to learn more about its local giving. The foundation’s giving is largely focused on the city of Louisville, Kentucky. However, the bank has 14 retail branches in Jefferson and Shelby counties and two branches in Northern Kentucky, so these areas are on the funder’s radar, as well. The foundation does have published grantmaking guidelines.
This foundation does not accept unsolicited grant applications from nonprofits, as it only funds pre-selected organizations.
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