The Physical Facilities Trust Fund includes funding to support the physical plants at public postsecondary education institutions. The Council is charged with distributing the funds in this program to the institutions as enacted in the biennial appropriations act.

Also known as “Bucks for Brains”, the purpose of these funds is to grow university endowments by encouraging private giving. The Research Challenge Trust Fund supports the University of Kentucky and the University of Louisville funds research-related programs and capital projects. The Regional University Excellence Trust Fund supports the Commonwealth's six comprehensive universities and encourages them to develop nationally recognized programs.

The Workforce Development Trust Fund is intended to provide financial assistance to further cooperative efforts among community colleges and technical institutions and for the acquisition of equipment and technology necessary to provide quality education programs.

Established by the 2023 General Assembly and codified in KRS 164.0401 through 164.0407, the purpose of the Healthcare Workforce Investment Fund is to address the shortage of healthcare professionals in the Commonwealth by funding public-private partnerships to provide healthcare training scholarships to Kentucky residents seeking high-demand healthcare credentials.

297