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Making Kansas City Better for the Next Generation
Dick and Sue Bond want to leave a legacy to future generations. But they want that legacy to be more than just money. They want to give the gift of giving. To make their charitable dream a reality, the former president of the Kansas Senate and his wife turned to the Greater Kansas City Community Foundation.
"We started by setting up the Dick and Sue Bond Family Foundation Fund in 1999," Dick said. "And then we set up a fund for our grandchildren. This will be more valuable to them than a direct inheritance." The Bonds' idea inspired the Community Foundation to expand its offerings to future generations of charitable givers. "Children and grandchildren can learn philanthropic values at any age," said Dick.
Double Play: Charitable move keeps Royals in Kansas City
Ewing Marion Kauffman loved baseball. He also was deeply committed to giving back. A carefully crafted estate plan reflected both of these passions. Ewing's gift of the Kansas City Royals baseball team created a regional benefit so compelling that it marked the first time in history that the Internal Revenue Service had approved a charitable deduction for the gift of a major league sports team. The Greater Kansas City Community Foundation, in turn, helped 32 other donors establish funds to ensure the team's stability prior to its sale.
Reflecting his passion to help others, Ewing established the Ewing Marion Kauffman Foundation in the late 1960s to advance education and entrepreneurship. In addition, the Ewing M. Kauffman Fund for Greater Kansas City and the Royals Fund were established at the Community Foundation. The Royals Fund received its last contribution in relation to the Royals succession plan in 1997.
Among Ewing's many legacies was his inspiration to other donors to think creatively about giving assets other than cash and marketable securities to their favorite charitable organizations. Whether the charitable gift is real estate, closely-held stock, or a baseball team, visionary donors and "alternative assets" are a winning combination for the community.
A Century of Serving Poor and Needy Children
In the early years of the 20th century, Jacob Loose and his brother, Joseph, built the Loose-Wiles Biscuit Company, marketed as Sunshine Biscuits, into one of the nation's largest producers of cookies and crackers.
Following the deaths of their two infant children, Jacob and his wife, Ella, became passionate about supporting poor and needy children and families in Kansas City.
When Jacob passed away in 1923, his estate established the Jacob Loose Million Dollar Charity Fund Association. It was Kansas City's first $1 million foundation, and it was housed at the First National Bank. Then, the Jacob L. and Ella C. Loose Foundation Fund was established in 1989 at the Greater Kansas City Community Foundation to carry out the work of the charitable trust.
From 1920 to 1940, this foundation provided thousands of children with pasteurized milk and ice. As children's needs evolve, the Loose Foundation, with assistance from the Community Foundation, adapts the foundation's grant making strategies to best meet the intent of the original donors.
Fulfilling Dreams Through Charitable Giving
Our founders believed that philanthropy is the opportunity and responsibility of everyone, not just a few. Having begun in 1978 with just seven people and a couple hundred dollars, the Foundation has grown to more than $2 billion in assets, spread among more than 3,500 funds dedicated to the causes that are important to the individuals, families and businesses who established them.
Now in the top 1 percent of community foundations in the country, and with over $2 billion in grants distributed since inception, the Community Foundation works side by side with Kansas City's donors to fulfill community dreams through the power of giving.
"Thirty years of charitable giving is truly a milestone to celebrate," said Tom Bloch, past chair of the Greater Kansas City Community Foundation's board of directors. "We are grateful to our donors for their deep commitment to improving our region's quality of life. It's what the Community Foundation is all about: more giving, smarter investments, a better Kansas City."
This week, a group of Community Foundation donors gathered at Room 39 on National Food Day to hear from Oran Hesterman, Ph.D., a national leader in sustainable agriculture and food systems a...
Soon, snow will cover the ground, twinkle lights will brighten the city and giving season will be in full swing. Year-end giving campaigns can inspire your company and employees to embrace t...
“Our children and grandchildren are our elders in universe time.” – Buckminster Fuller Lisa Parker, president of the Lawrence Welk Family Foundation and Mr. Welk’s granddaughter, r...