Welcome to the Kansas City Research Institute
Passing on Charitable Values to the Next Generation
Mike and Karen Herman taught their children at a young age about the importance of helping others. Their approach was to lead by example, much like Mike's mentor at Marion Labs, Ewing Kauffman. Mike and Karen began talking with the Greater Kansas City Community Foundation in 1985 about establishing the Herman Family Foundation Fund.
"I remember one day my corporate salary was published in the paper," Mike said. "Our 12-year-old came home and said, 'Dad! Are we millionaires?!' She wasn't aware of any wealth because we give our money to the community. We want to create our heaven on earth."
Over the years, in addition to giving financially, the Hermans have given their time and talent. Most notably, Mike served as president of the Ewing Marion Kauffman Foundation and Karen served as president of the Women's Foundation.
The Herman children enjoy volunteering and approach each donation as an investment. "Our children embrace that some of their inheritance will go to charity," Karen said. "And we're proud to see them give to the causes they care about."
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.
Scholarships for Urban Youth
The Kansas City Securities Association, an organization of more than 40 investment professionals in the Kansas City area, established the KCSA Education Endowment Fund in 1986 to provide financial support for tuition, special projects, needs or emergency assistance to students.
KCSA has awarded more than 200 college scholarships totaling an estimated $1.3 million to members of Kansas City's Marching Cobras, student athletes selected by the Negro Leagues Baseball Museum, student athletes at the University of Missouri-Kansas City, and members of the Boys and Girls Clubs of Greater Kansas City.
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.
Katie Gray, Senior Vice President of Finance and Foundation Services, leads our investment, accounting and technology teams. While Katie is responsible for the oversight of all financial ope...
Later this month, Sharna Goldseker, a nationally recognized expert in multigenerational engagement, will lead several interactive sessions about how different generations approach their weal...
We are thrilled to share that our donors have granted more than $4 billion to charitable causes since our humble beginning in 1978. “This is a huge milestone for our donors,” says Presi...