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. They have been driving forces behind numerous civic organizations including Karen's presidency at the Women's Foundation and Mike’s presidency at the Ewing Marion Kauffman 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."
Revitalizing the Heart of Kansas City
The Dickinson family's roots in the region run deep. Gary grew up on a family farm in northern Missouri and met Ann, from Hannibal, in college. Ann and Gary raised four children and pursued an active life of community involvement during their 30 years of marriage.
Gary founded Bank Midwest in the early 1970s and oversaw its impressive growth until he was tragically killed in a car accident two decades later. Ann continued Gary's legacy as chair and owner of Dickinson Financial Corporation, headquartered in Kansas City.
In 1998, Ann and her family established the Gary Dickinson Family Charitable Fund at the Greater Kansas City Community Foundation to fulfill the family's wide range of charitable priorities. The Dickinsons are especially supportive of Kansas City’s downtown revitalization, a tribute to Gary's passion for local and regional economic development.
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.
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