Ten Madison County banks have come together to pledge support for the Madison County Community Fund, a charitable endowment established by local citizens to support civic and charitable causes in Madison County. Community grants to support local causes and projects from the Community Fund are overseen by a volunteer advisory board composed of Madison County residents.
“As community banks, we proudly support the Madison County Community Fund,” said Keith Riley, president of Citizens Guaranty Bank.
“1st Trust Bank elected to participate in the Bankers Challenge with fellow local financial institutions to show our commitment to the citizens and businesses of our community for enabling all of us to succeed in our personal and business endeavors,” said Dan C. Reynolds, market president for 1st Trust Bank.
Jeff Fultz, chair of the Community Fund Board of Advisors, said the Community Fund is not a fund that is here today and gone tomorrow. Raymond Smith of Park Community Credit Union added, as a permanent endowment, the Madison County Community Fund will be here forever to address the emerging needs and transformative opportunities of our community.
“I appreciate all the hard work the Community Fund board has done to get the fund to the point it is today,” said Tyler Cain, community president of First Southern National Bank. “As someone who was born and raised in Richmond, Kentucky, it means a great deal to me to be a part of this initiative and I’m excited to see all the positive impacts the Community Fund will have.”
Each bank pledged $1,500 for three years, for a total of $4,500 per bank, equaling a total contribution to the Community Fund of $45,000. Currently, the Community Fund has assets of over $170,000.
John Hamilton, Kentucky Bank Richmond/Madison County market president said, “By banning together, some of the local banking organizations have shown that even as competitors, we can add more strength by teaming up for this worthwhile project.”
In January, the Community Fund awarded its first grant to help expand the Too Good for Drugs program in Madison County Schools.
“Cumberland Valley Bank is proud to be a donor to the Madison County Community Fund,” said David Benge, Madison County president of Cumberland Valley National Bank and member of the Community Fund board. “We are extremely pleased that the first grant is being used for drug prevention education in Madison County schools.”
Participating banks are Central Bank, Citizens Guaranty Bank, Community Trust Bank, Cumberland Valley National Bank, First Southern National Bank, Forcht Bank, Kentucky Bank, Park Community Credit Union, People’s Bank and 1st Trust Bank.
The Madison County Community Fund is an affiliate fund of Blue Grass Community Foundation, which works across Central and Appalachia Kentucky to create more generous, vibrant and engaged communities. It also helps individuals, families, businesses, communities and nonprofit organizations establish charitable funds and endowments to support causes they care about.
To learn more about the Madison County Community Fund, contact Jane Higgins at email@example.com or visit the website at www.bgcf.or/madisoncounty.