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See the latest news stories about The Greater Cincinnati Foundation.
CINCINNATI (March 2, 2016) — The following are links to media stories about The Greater Cincinnati Foundation and its work in the community.
The Devou Cup honors the generosity of Northern Kentuckians who make a profound difference in the quality of community life, now and into the future. Named for 19th century philanthropist William Devou, the Cup has been awarded to exemplary philanthropic leaders since 2004.
The list of Frank’s and Pat’s professional, civic, and philanthropic leadership roles in Northern Kentucky is as prestigious as it is long. Prior to being a business professor at Thomas More College, Pat consulted to organizations on mission development, strategic planning, job design, and program development. Frank was the first chair of Forward Quest (the predecessor to Vision 2015). He helped build a common agenda and road map for Northern Kentucky, leading it to become one of the first communities to embrace the value of regional vision. The Northern Kentucky Fund of GCF – an endowment created for the permanent philanthropic support of nonprofit organizations in Kenton, Campbell, and Boone counties – is proud to be a legacy of Forward Quest and was fortunate to count the Sommerkamps among its earliest supporters.
After graduating from Thomas More College, Pat began her career as a biology teacher at Covington Catholic High School. From that beginning, she obtained masters and doctorate degrees in education and helped shape many of the region’s education initiatives. Pat was elected the first President of the Kentucky Science Teachers Association, directed Institutional Advancement at Thomas More, and led several education and training programs at General Electric (GE) Aircraft Engines. At GE, she collaborated with the University of Cincinnati’s College of Engineering to design and implement the nation’s first masters of engineering in manufacturing program, for which she earned a GE Management Award. Many awards followed, including Outstanding Women of Northern Kentucky and YWCA Career Women of Achievement honors. The Enquirer named her Woman of the Year and Thomas More alumni presented her with the Lasting Influence Award. Pat served on the Northern Kentucky Chamber’s Education/Legislative Task Force and the Judges Panel for the Scripps Howard Foundation’s scholarship program. She now chairs the Northern Kentucky Water District Board of Commissioners.
Frank retired as Vice President of Government Affairs at Cincinnati Bell, working more than four decades with the company and with AT&T. He is as well known for his regional and philanthropic leadership as he is for his business talent. His past chairmanships span industries and decades, from Forward Quest to the Thomas More College Board of Trustees, the Northern Kentucky United Way Campaign, Greater Cincinnati Convention and Visitors Bureau, Northern Kentucky Convention and Visitors Bureau, Covington Rotary Club, Kenton County Airport (board vice chair), and the Northern Kentucky Chamber of Commerce. Frank has served on the Crestview Hills City Council for 16 years and currently helps with fundraising efforts for Covington Catholic High School, Thomas More College, and the St. Elizabeth Healthcare Foundation. He graduated from Xavier University, where he also earned a masters in business administration.
Frank and Pat have been married for 61 years and have three children: Daria Nantista, a workers compensation nurse at Parsec Inc. in Cincinnati; Tara Santry, a vice president at Staples in New Jersey; and Dr. Greg Sommerkamp, a hand surgeon in Crestview Hills. They also have ten grandchildren and one great grandchild.
Among the investments were three grants to Vision 2015, one of our “backbone” organizations that GCF supports through our five-year Collective Impact initiative. Serving as catalysts for change, these organizations work together across sectors and across the region to address resource gaps and fuel the implementation of strategies that work. Focused on growth in Northern Kentucky, Vision 2015 is a shared public plan that represents the region’s priorities and contains specific action steps to achieve the region’s goals and to measure the impact of those goals.
Three grants: $75,000 to support operating expenses; $15,000 to fund the Northern Kentucky One to One: Practicing Reading with Students; and $30,000 to advance the website development and innovation lab of the Uptech Business Accelerator in Northern Kentucky.
The Northern Kentucky Fund of the Greater Cincinnati Foundation is celebrating its 20th anniversary with Impact Grants totaling $125,000 for workforce development efforts in Northern Kentucky.
“These Impact Grants reflect our continued commitment to invest significantly in Northern Kentucky,” said Ellen M. Katz, President & CEO of the Greater Cincinnati Foundation (GCF). “These grants, which represent a key targeted investment, align with GCF’s grantmaking strategy. By concentrating our investments in supporting Economic Mobility and Housing Stability across our region, GCF is deeply committed to ensuring that everyone in our community can thrive. Workforce development is an integral part of that mission.”
The grants have been awarded to:
In partnership with the Charles H. Dater Foundation and donors, GCF also recently issued a record 39 “Learning Links” grants, totaling $35,642, to schools in Boone, Campbell and Kenton counties.
The Greater Cincinnati Foundation and its donors have granted $40 million to Northern Kentucky organizations since the Northern Kentucky Fund’s launch in 1998.
About the Greater Cincinnati Foundation
As the region’s leading community foundation, the Greater Cincinnati Foundation connects people with purpose in an eight-county region in Ohio, Kentucky and Indiana. GCF is leading the charge toward a more vibrant Greater Cincinnati for everyone – now, and for generations to come. As of 2017, GCF is the 35th largest U.S. community foundation with net assets of $649 million.
"We love Endow Kentucky because we can make gifts that will last and have an impact on Northern Kentucky for a long time. The state tax credit to incentivize these gifts is so helpful in building support for important organizations in our community. It's a win-win." — Jordan and Lauren Huizenga, Covington residents who support Children, Inc. through a GCF endowment
The Commonwealth of Kentucky offers a tax-smart way for Kentucky income taxpayers — both individuals and businesses — to provide sustained support to their favorite Bluegrass-based nonprofit organizations, including schools and religious institutions. The Endow Kentucky Tax Credit enables them to receive a state tax credit of up to 20 percent of a charitable gift to an endowment for any Kentucky nonprofit at a qualified community foundation such as Greater Cincinnati Foundation (GCF).
The window for applying for the 2020 fiscal year tax credits opens on July 1, but it’s a brief opportunity. The $1,000,000 in tax credits available statewide will again likely all be claimed in the first week, so it’s imperative to submit the application to the Kentucky Department of Revenue before July 7.
Since 2011, GCF has helped many of our Northern Kentucky donors secure the Endow Kentucky tax credit. Their gifts, totaling $4.3 million, have benefited 24 GCF endowments that permanently support Kentucky nonprofits, including:
Alliance for Catholic Urban Education
Donors also leverage the tax credit to support The Northern Kentucky Fund, GCF’s unrestricted endowment that provides ongoing grants in Kenton, Campbell and Boone counties.
The tax credit — taken off the donor’s tax bill dollar-for-dollar — is up to $10,000 per taxpayer, or $20,000 per married couple filing jointly. And state and federal tax deductions for the charitable gifts still apply. Gifts may be either cash or stock; long-term, appreciated stock gifts offer even greater tax savings. As always, consult your tax advisor for information specific to your situation.
It’s important to note that this isn’t just a tax credit for major gifts — donations of any size contribute to the lasting impact of endowed funds while simultaneously reducing your Kentucky income tax payment.
Contact your experienced staff members at GCF to further discuss the Endow Kentucky Tax Credit. Laura Menge, Philanthropic Advisor, can help you plan a qualifying gift (513-768-6170 or firstname.lastname@example.org).
200 West Fourth St.
Cincinnati, OH 45202
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