Kentucky Rifle Foundation
History

The idea of a Kentucky Rifle Foundation was introduced to the Board of Directors of the Kentucky Rifle Association at a Board meeting in 1998. A past President of the KRA suggested to the Board members that the original intent of the founders of the KRA was to Preserve the Heritage of the Kentucky Rifle.

The concept of a Foundation was discussed and during the following year, 1999, the Board of the Directors of the Association formed the first operational Board of the Kentucky Rifle Foundation.

The first KRF Officers and Board members, primarily pas KRA Presidents, petitioned the IRS for tax exempt status and developed the initial guidelines and procedures in which to operate as a legitimate Foundation.

In 2003, Officer and Board positions were opened to members from the KRA general membership. This group was tasked with fine tuning the policies and procedures in which to operate as a legitimate Foundation.

The IRS granted the Foundation 501-C-3 status in June of 2004 after a 3-year probation period. This classification allows individuals making a material or monetary donation to the Kentucky Rifle Foundation to list the fair market value of their gift on their tax return.

Today, the Foundation includes 4 Officers and 10 Board members. The demographic proportions of the KRA are well represented by these 14 individuals.

The vision of the Foundation is to provide and maintain a tax deductible vehicle by which members and friends of the KRA may make donations of funds, stocks, bonds, objects of art and other personal properties that will be managed by the Foundation's Board of Directors to Preserve the Heritage of the Kentucky Rifle.