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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.
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.
Our Community Comes Full Circle
In 1983, a grant from the Hall Family Foundation helped establish the Hispanic Development Fund to build an endowment for programs that foster expression of Hispanic culture and improve the quality of life for Hispanic families in Greater Kansas City.
One year later, the Hispanic Development Fund created a scholarship fund for students of Hispanic descent who are pursuing a college education. Since its inception, the fund has awarded more than 3,000 scholarships, totaling more than $3 million.
"The Hispanic Development Fund's Scholarship Fund continues to be one of the few local scholarship programs in the country that consistently award more than 80 scholarships each year," said Ramon Murguia, Hispanic Scholarship Fund Advisory Board Chair. "We are proud that our scholarship fund has contributed to the success of many, and we plan to continue investing in our community’s future by providing support for education."
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.
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...