The articles of incorporation for the Henderson County Public Library Foundation were filed with the Kentucky Secretary of State on January 31, 1992. The inaugural meeting of the HCPL Foundation was held on February 26, 1992. The minutes state that the HCPL Foundation is "primarily a fundraising body." They clarified that the HCPL Foundation is autonomous from the Friends of the Library, which also offers financial support to the library.
The purpose of the Henderson County Public Library Foundation (the Foundation) is to provide financial support for the Henderson County Public Library District (the Library) and to undertake any capital projects that the Library Board of Trustees elect to undertake.
Since its inception, the HCPL Foundation has conducted fundraising campaigns for capital projects such as automating the library collection in 1995, expanding the children's department in 2000, and providing furnishings, fixtures, and equipment for the 2020 expansion and renovation. Other projects that the HCPL Foundation has funded include purchasing the bronze Horned Owl sculpture featured at the Washington Street entrance and supporting a cosmetic update for the Multipurpose Room.