Contact Information
Phone (859) 523-2323
Fax 859 523-2493
Contact Name Karen L Perch
At A Glance
IRS Ruling Year 2012
Other ways to donate, support, or volunteer Life Plan of Kentucky can accept personal checks made payable to the organization and the donor will receive a letter documenting the charitable contribution.  Life Plan can also work with donors regarding Planned Giving opportunities, in-kind donations of office supplies or meeting space for presentations are always welcomed. Online shoppers using Amazon can log into their accounts through and designate Life Plan of Kentucky Inc. as the organization they would like  to support.  The Amazon Foundation will then make contributions to Life Plan because of the purchases made.
Financial Summary
Revenue vs Expenses - All Years
Expense Breakdown - Recent Year
Mission Statement Life Plan of Kentucky's mission is to assist family members to create a safe and secure future for their loved one with a disability.  Putting together the financial, legal and personal aspects of a plan are complicated and challenging.  Life Plan operates a not-for-profit pooled special needs trust fund for the benefit of any Kentucky resident with disabilities, which can be established with the person's own funds or funds of a family member.  We provide information about special needs or supplemental needs trusts, and qualifying income trusts, to Kentuckians with disabilities and their families, facilitate establishment of a loving and caring personal network in the life of the person with a disability, provide referrals to professionals for services, as appropriate, and work to create greater community awareness of the contributions people with disabilities make to society as a whole.
Background Statement Two of the current Board members worked to establish a pooled special needs trust for about 5 years.  Many families who have children with special needs have limited resources and knowledge about how to provide for their child's future without compromising their eligibility for much needed governmental benefits, particularly Medicaid which pays for long term supports.  Due to their involvement in this arena, story after story would come to them regarding inadequate or improper planning which then created an unnecessary crisis in the life of the person with a disability. Although there are a number of competent and compassionate estate planning attorneys in Lexington and Louisville, there is very limited expertise in this area out in the rest of Kentucky.  Having a centralized entity for information and guidance regarding planning as well as a pooled trust will maximize the likelihood families with limited resources will complete the planning process.   While there are national pooled trusts that can serve Kentucky families, our experience has been that people are unwilling to work with an entity that is out of state and with which they are not personally familiar.  Having a presence in Kentucky, as well as individuals who are well versed in Kentucky resources, increases the possibility of good intentions being realized into action.
Impact Statement Accomplishments in 2018  1) Serving more than 200 clients and their families in 2017, helping people with disabilities maintain their eligibility for services and the rest for family members who are planning for the future.   2) Informational programs for families of individuals with disabilities, case managers, caregivers, and others.  3) Greater recognition of our services throughout the state  Goals for 2019 1) Life Plan of Kentucky, Inc. seeks to benefit more families and individuals across the state by increasing the exposure of the organization and how its programs can help people plan for and create better futures. 2) Create a project-based financial aid program for needy persons with disabilities  3) Creating opportunities to advise family members , as well as service provides, case managers and attorneys about how a pooled trust could benefit their loved ones and/or clients.
Needs Statement 1) funding to support our new needs based projects for needy persons with disabilities $50,000  2)Assistance with conference registration & travel to increase awareness of Life Plan's mission and assistance available to individuals & families who may be unaware of our services for protection of benefits - $3,000.
CEO/Executive Director Statement As the only pooled special needs trust located in Kentucky, Life Plan of Kentucky, Inc. (Life Plan) provides a valuable service to Kentucky individuals with disabilities and their families. Life Plan provides a service unique among the Kentucky non-profits, thanks to a special provision of the Social Security Act. This law allows qualified non-profit organizations, such as Life Plan, to serve as Trustee for individuals who have disabilities. The individuals and their families can set aside money to improve the quality of life for the person with the disability - without causing any loss of valuable and necessary medical care and other assistance. When a person opens a pooled trust account through Life Plan, funds are pooled together for investment purposes, but, like a 401(k), for example, the funds are fully vested in the person whose account it is. When someone later makes a distribution request on behalf of the client beneficiary, Life Plan, as a professional trustee, evaluates the request in light of total amount of funds requested compared to funds in the account, life expectancy of the beneficiary, the expected impact of the distribution on the client’s Social Security and Medicaid benefits, and other factors. This is something that would be very difficult for family members to do, because the Medicaid and Social Security rules can be very complex. Life Plan helps in another way, by providing professional money management in local financial institutions. At this time Life Plan has relationships with some financial institutions in central Kentucky, but we hope to expand and have partnerships with institutions across the state. Life Plan is blossoming into an organization that brings together persons and entities throughout the Commonwealth that serve individuals with disabilities, helping to make their financial futures and their lives safer and more secure. The peace of mind afforded to the parents and family members of our clients, by the services we provide, cannot be overstated. It takes such a tremendous weight off the shoulders of aging parents who know that Life Plan will be looking out for their loved one when the parents themselves are dancing with the angels! You can help Life Plan connect with appropriate financial institutions, to expand those partnerships. You can refer potential clients to Life Plan to make sure they have information about Medicaid and other services, and, if appropriate, to establish a trust account. Thanks for considering a donation to Life Plan!  You can donate and encourage others to donate!
Board Chair Statement Eight years ago, I was one of nine people gathered to discuss the feasibility of created a Pooled Special Needs Trust for Kentucky. We were a group firmly embedded and experienced in serving families who have children with disabilities as support providers, attorneys, bankers and family members. We agreed not only on the need for such an entity but also on several core issues: that Kentucky families of children with disabilities need guidance and assistance in planning for their future financial security without jeopardizing their eligibility for government benefits; that a Kentucky-based entity could be more responsive to needs than entities based in other states; and that such an organization would need to have as its mission a heart for this work as well as competence in this complex arena of planning. We had the vision and the documentation that such an entity could quickly grow into self-sustainability through reasonable fees and a positive reputation as a charitable entity. In less than two years, with no paid staff, a Board of Directors was formed and documents completed and filed to become incorporated as a non-profit, tax exempt organization with 501 (c) (3) status. Trust documents were written and approved, funding obtained for the establishment of an actual office, and promotional materials created and distributed. However, real and formidable challenges remain. We need to expand our networking and marketing efforts as well as develop relationships with other financial institutions that will want to utilize Life Plan as a Trustee for existing special needs trust accounts. We need a full state-wide outreach to families and service providers who will benefit from our services. In short, we need to move from a visionary group to an efficient and effective operation as a non-profit. Those who choose to assist us now will share in the recognition and gratitude of people whose lives have been made safe and secure by this kind of proactive and necessary planning.
Service Categories
Secondary Organization Category Human Services / Developmentally Disabled Services/Centers
Geographic Areas Served
Life Plan has the capacity to provide information, guidance and trustee services to people with disabilities and their families who live anywhere in the Commonwealth of Kentucky.  While our office is located in Lexington, information can be provided by telephone, by facsimile and through the Internet.  Through collaborative partnerships with parent organizations and service providers, webinars and in-person presentations can also be made available at minimal or low cost to cover materials.
Impact Questions
GoalsHelpWhat is the organization aiming to accomplish? This is the organization's ultimate goal for intended impact. Life Plan of Kentucky, Inc. is a non-profit organization devoted to creating Special Needs Trusts for people with disabilities and their families.  We are creating a legacy of dignity and love.
StrategiesHelpWhat are the organization's strategies for its stated long-term goals? Under current Federal and State Law, a person with disabilities havinag more that $2,000 in countable assets may not be eligible for Medicaid assistance.  With a Special Needs Trust, you (or your loved one) can receive the benefit of assets placed into a sub-account with Life Plan of Kentucky and still receive Medicaid or Supplemental Security Income (SSI).
CapabilitiesHelpWhat are the organization’s capabilities for doing this? What resources, capacities, and connections support its progress towards long-term goals? As a non-profit organization, (501 (c)(3)), Life Plan can serve as a Trustee for: First Party Trusts - A person with the disability funds with his/her money.Third Party Trusts - A family member or other funds the trust. Trusts can be funded with money from:Inheritance                                    Personal Injury SettlementsLife Insurance                               Wages EarnedFinancial Gifts                              Restitution PaymentsSocial Security Back Payments
IndicatorsHelpHow will the organization know if it is making progress? What are the key qualitative and quantitative indicators against which the organization assesses its progress toward its intended impact? It's easy to enroll in a Special Needs Trust with Life Plan of Kentucky. Just complete the Joinder Agreement to open an account.  When you have a supplemental need, a request for a distribution from your account is reviewed to ensure it does not jeopardize your eligibility for means-tested governmental benefits. We'll even help you learn that you can use the funds for things like:Dental Work                              Trips to Visit FamilyHome Modifications                  TherapiesVacations                                    Life Equipped VanCable TV                                    Cell PhoneInternet Service
ProgressHelpWhat has and hasn’t been accomplished so far? Life Plan of Kentucky serves many families with special needs throughout the bluegrass region.  We help safeguarding a person's eligibility for benefits and offer peace of mind to family and loved ones.  Please visit our Website at to see more information and download documents.
Board Chair
Board Chair Jim Evans
Company Affiliation Cedar Lake Foundation
Term Jan 2015 to Dec 2017
Board Members
Falguni Amin-ZimmermanLife Plan of KentuckyVoting
Amy Dougherty J.D.Bluegrass Elderlaw, PLLCVoting
Hazel Forsythe Ph.D.University of Kentucy, College of MedicineVoting
Jennifer GarlandLFUCGVoting
Annette JettBuild InclusionVoting
Kevin Johns JDWyatt, Tarrant & CombsVoting
Elise Kalikacommunity volunteerVoting
Rick LandonCommunity VolunteerVoting
Karen L. Perch J.D., Ph.D.Executive DirectorNonVoting
Andy ReynoldsBallast, IncVoting
Matthew Smith J.D.Campbell & Smith Law, LLCNonVoting
Carolyn Bardwell WheelerLegal representative for an adult with a disabilityNonVoting
Nicholas Woods CFP, CTFACommunity Trust Wealth & Trust ManagementVoting
Board Demographics - Ethnicity. Add number
Asian American/Pacific Islander 0
Caucasian 14
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Board Demographics - Gender
Male 8
Female 7
Unspecified 0
Board Term Lengths 3
Board Term Limits 2
Board Meeting Attendance % 75%
Written Board Selection Criteria? No
Written Conflict of Interest Policy? No
Percentage Making Monetary Contributions 100%
Percentage Making In-Kind Contributions 80%
Constituency Includes Client Representation Yes
Number of Full Board Meetings Annually 8
Standing Committees
CEO Comments
Because of our shared commitment to assisting  families and people with disabilities, all of the individuals involved in Life Plan of Kentucky, Inc.  have worked collaboratively and sacrificially to establish this organzation.  Each member of the Governance and Advisory Board have made significant contributions of their time, expertise and utilized their resources for the benefit of the organization. Karen Perch has donated hundreds of hours of her legal expertise to not only establish the organization but also to open up accounts and provide guidance and consultation without compensation.  We must now secure sufficient start-up funds in order to compensate Karen as a paid, not voluntary, Chief Executive Officer/Executive Director.
CEO/Executive Director
Executive Director Dr. Karen Lynne Perch Ph.D., J.D.
Term Start Apr 2011
Experience Our Executive Director, Karen L. Perch, has her PhD from Kansas State University with an emphasis in Family Resource Management and her law degree from the University of Kentucky.  For the past twenty years, Ms. Perch has worked with individuals and families who have members with special needs, helping them to improve the quality of their lives.  From 1986 to 1995, Ms. Perch served as Executive Director for a non-profit financial counseling agency, helping those who had become overextended with debt to learn tools to manage their resources, negotiating reduced payments with creditors, etc.  In her capacity as Executive Director, Ms. Perch worked with individual clients, creditors, the Kentucky Cooperative Extension Service, universites and the public.  She did radio and television spots and interviews on a variety of financial topics.   As Executive Director, Ms. Perch also kept detailed and accurate financial records, prepared tax returns and accountings, participated in fund raising and other activities vital to the life of a non-profit organization.  In her legal practice, Life Plan's Executive Director has worked with countless parents who want to do everything they can to protect their loved ones with special needs when the parents are dancing with the angels. It became clear that for many families, finding qualified people to manage funds for their child is not always easy.  For that reason, Ms. Perch assisted the Board of Directors of Life Plan to establish itself as a non-profit agency able to tackle the task of serving as trustee for those in need.  She now serves as Executive Director, working with individual families, speaking to groups of parents, care managers, and others, and dealing with the day to day management of the organization.
Full Time Staff 2
Part Time Staff 0
Volunteers 15
Contractors 0
Retention Rate 100%
Management Reports to Board? Yes
Staff Demographics - Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 2
Hispanic/Latino 0
Native American/American Indian 0
Other 1 0
Staff Demographics - Gender
Male 0
Female 2
Unspecified 0
Formal Evaluations
CEO Formal Evaluation N/A
CEO/Executive Formal Evaluation Frequency N/A
Senior Management Formal Evaluation N/A
Senior Management Formal Evaluation Frequency N/A
NonManagement Formal Evaluation Yes
Non Management Formal Evaluation Frequency Annually
CEO Comments We are working to develop a greater presence across Kentucky in order to cultivate donors and clients to support the on-going operations of the organization.
Staff time is devoted to explaining and advising potential account holders of the role of a special needs trust in maintaining a person's eligibility for government services as well as the actual establishment of individual sub-accounts within the Trust.    Requests for sub-account distributions have to be reviewed and approved to ensure compliance with the terms and provisions of Federal and State law as well as accounting for all funds received and disbursed on behalf of a specific beneficiary.,  Quarterly reports have to be sent to account holders documenting income and dispursements as well as documentation for the filing of tax returns.
Budget 60% staff time
Population Served People/Families with of People with Disabilities, Elderly and/or Disabled, People/Families with People of Developmental Disabilities
People seeking assistance from Life Plan are often in need of education, guidance and consultation regarding life planning issues for their family member with a disability in the context of their entire family structure.
Budget 40% of budget
Category Education, General/Other Guidance & Counseling
Population Served People/Families with of People with Disabilities, People/Families with People of Developmental Disabilities, Elderly and/or Disabled
Program Short Term Success
Near term achievements or improvements that will result from Life Plan's educational efforts is that all participants who attend an educational program will have identified one action step they will take to work toward a safe and secure future for their family member with a disability.  This could include having a conversation with an individual whom they wish to take on a more involved role with the person with a disability, apply for a particular service, or petition the Court for guardianship if that is appropriate.
Program Long term Success
Planning for the future is particularly difficult for parents who have adult children with disabilities.  In Kentucky, there are 11,100 caregivers over the age of 60 who have an adult child with an intellectual or developmental disability currently living with them.  While the exact number is not known, we do know there is an  increase in the number of adult children with an acquired brain injury or adult on-set of a mental health illness where some level of support is currently being provided by their parents.  In addition, 35% of all children are currently being raised by their grandparents, and many of these children have some form of special needs.  The ultimate change  that will result from Life Plan of Kentucky is for 75% of the individuals who attend an educational seminar will complete a letter of intent for their family member.
Program Success Monitored By
At the end of each seminar, a no cost consultation, either by phone or in person, will be offered to all participants.  A survey monkey tool will be sent to all participants six months from attending an educational seminar to determine the impact of the event.  Where requested, a follow-up phone consultation will be provided for those with additional questions or issues that need to be resolved.
Examples of Program Success
Even with no paid staff,  Board members and Legal Counsel to Life Plan have provided educational sessions to families that have resulted in action being taken to secure the family member with a disability's future.   To date, three First Party trust sub-accounts have been opened and funded and two Third Party trust accounts, which will be funded upon the death of one or both parents, have been established.   
Program Comments
CEO Comments
Life Plan has been developed by an active and commited Board of Directors who have donated both time and resources to this endeavor. In addition, Karen Perch, a Lexington estate planning attorney who has an adult sister with a disability, has donated her time to create all of the legal documents (Articles of Incorporation, Form 1043 for the 501 (c ) (3) application, and Master Trust documents) necessary to make Life Plan operational.  The contributions of the Cedar Lake Foundation, and also Karen Perch,  have been essential to the establishment of an office space and the ability to actually start opening accounts that will eventually lead to the organiation being self-sustaining.  Developing the Good Giving profile will create opportunities to apply for funding as well as solicit donations that will lead to a financial foundation from which to hire staff and have a full-time presence for the organization.
Plans & Policies
Organization has a Fundraising Plan? Yes
Organization has a Strategic Plan? Yes
Years Strategic Plan Considers N/A
Management Succession Plan? Under Development
Organization Policy and Procedures Yes
Nondiscrimination Policy Yes
Whistleblower Policy No
Document Destruction Policy Yes
Life Plan of Kentucky collaborates with The Arc of Kentucky, Bank of the Bluegrass and Community Trust Bank to establish the corporation and some funding for operational start-up. 
Government Licenses
Is your organization licensed by the Government? No
Revenue vs Expenses - All Years
Expense Breakdown - Recent Year
Fiscal Year
Fiscal Year Start Jan 01, 2019
Fiscal Year End Dec 31, 2019
Projected Revenue $244,894.00
Projected Expenses $231,415.00
Spending Policy Income Only
Detailed Financials
Expense Allocation
Fiscal Year201920182017
Program Expense------
Administration Expense------
Fundraising Expense------
Payments to Affiliates------
Total Revenue/Total Expenses0.94----
Program Expense/Total Expenses0%----
Fundraising Expense/Contributed Revenue------
Assets and Liabilities
Fiscal Year201920182017
Total Assets$25,635----
Current Assets$25,405----
Long-Term Liabilities------
Current Liabilities$15,000----
Total Net Assets$10,635----
Form 990s
2017 2017Form 990.pdf
2016 Form 990
2015 990EZ
2014 990EZ 2014
2013 990EZ 2013
2012 990EZ 2012
Capital Campaign
Currently in a Capital Campaign? No
State Registration Yes
CEO Comments The effort to form Life Plan of Kentucky, Inc. began in April of 2011. Since that time, we have operated with a volunteer Board and with over innumerable hours of time donated by Karen Perch, Ph.D., J.D., who has written all of the necessary documents to create the organization & establish trust accounts. Ms. Perch has also been granted the authority to open trust accounts, and we currently have more than 200 client accounts which generate revenue for the organization in addition to enrollment fees for the establishment of the accounts. To move forward, Life Plan needs to obtain sufficient funding to increase our presence and name recognition in Kentucky via sponsoring events, purchasing merchandise and updating software capabilities for our growing client base. Life Plan employs one full-time Trust Operations Coordinator, but there will soon be a need for a part-time assistant to service our client base in a timely manner, as well as a full-time Executive Director.  Life Plan also anticipates the added value of a part-time Case Manager would bring to many, especially in rural Kentucky areas.
Foundation Staff Comments
Life Plan of Kentucky files the 990 EZ, which does not contain expense break downs. Expense breakdowns were provided by the organization. Because Life Plan of Kentucky was formed in 2012, financials before 2012 are not available.
Primary Phone 859 523-2323
Contact Email
CEO/Executive Director Dr. Karen Lynne Perch Ph.D., J.D.
Board Chair Jim Evans
Board Chair Company Affiliation Cedar Lake Foundation