The Foundation's goals are to provide post-secondary scholarships, develop youth leaders, and support mentoring. Since 2009 the Foundation has provided funds to support 50 mentor pairs for one year, awarded $50,125 in college scholarships and fees, and granted $4,550 to youth leadership development.
The Foundation offers annual scholarships to Holmes seniors who plan to attend two or four year accredited colleges and universities. Please see attached information below, including an application form.
For additional information about scholarships or the Foundations' Small Grant Program, please contact Janice Krumwiede - janice.krumwiede@covington.kyschools.us, 859-392-3182, 25 E. 7th Street, Covington, Ky 41011.
Board of Directors
Dan Francis, President
Joyce Murphy, Vice President
Pamela Conner, Treasurer
Chuck Eilerman
Alvin Garrison
Myrna Lane
Judge (ret) Charles Moore
Julie Geisen Scheper
Greg Paeth
Tom Haggard
Stephen Gastright
Supporting the Foundation with a Stock Donation
Did you know that there is a way you can donate to the Covington Educational Foundation AND potentially save money on your taxes? Donating shares of stock that have increased in value can often help you get the most bang for your buck when it comes to charitable contributions.
The tax advantage comes from your ability to deduct the full fair market value of the stock while at the same time being able to avoid paying any capital gains tax on the appreciation, or increase in value, of the stock! This gifting method is best utilized for appreciated equities that have been owned for longer than a year, as they are considered long term property. Otherwise, your deduction may be limited to the basis of the appreciated stock rather than the full market value.
Deductions of appreciated property, such as this, are generally limited to 30% of a taxpayer's adjusted gross income. However, amounts in excess of this threshold can be carried forward for up to 5 subsequent years as deductible charitable contributions.
Please contact Treasurer Pam Conner for more information.
Scholarship and Small Grant Information
CEF Small Grant Program Summary
Counselor Recommendation Description
