Welcome to the Kansas City Research Institute
A Legacy of Listening and Building Together
"Do justice; love mercy; and walk humbly with your God," Beth Smith learned as a child. Both parents and grandparents (Lithuanian immigrants) were observant adherents to Judaism. "I wasn't born with a silver spoon but a community spoon in my mouth," Beth mused.
Ed Smith, one of the Greater Kansas City Community Foundation's seven founders, and his wife, Beth, were for many years one of Kansas City's dynamic duos. Beth was influenced by the bright and charismatic Marjorie Powell Allen, also a founder of the Community Foundation. They worked together to establish the Central Exchange, an interracial and intergenerational venue where women "could pick up the check." And in 1979, Ed and Beth established the Edward A. and Beth K. Smith Philanthropic Fund.
During her lifetime, Beth considered her forte to be "drawing strength and wisdom from others; listening and building together." And that is the spirit of the Women's Employment Network Fund — also housed at the Community Foundation — one of the many legacies Beth has given to Kansas City.
Promoting Racial Equity in the Medical Field
Like many cities, Kansas City's history includes dismal struggles with racial equity. At the turn of the century, African-American patients, doctors and nurses were restricted to providing and receiving medical treatment at Kansas City's General Hospital #2, a separate facility from General Hospital #1, which served only Caucasians.
Years later, General Hospital #2 merged with General Hospital #1 to become Truman Medical Center. Until that merger, General Hospital #2's School of Nursing operated for 46 years and graduated 715 students.
A group of nurses who attended the School of Nursing established the General Hospital #2 Perpetual Trust Fund in 1990 at the Greater Kansas City Community Foundation. They share a mutual passion for providing scholarships to African-American students in Greater Kansas City who are attending accredited nursing programs.
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.
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.
Corporate giving programs are common among businesses and organizations, and many want to ensure that the joy of charitable giving stretches across their company to every employee. Recently,...
Terracon, a consulting engineering firm headquartered in Olathe, Kansas, has worked to make giving back part of the everyday company culture. In 2007, the Terracon Foundation was established...
David Anderson, Director of Investments, considers his work with professional advisors one of the highlights of his job. David works with financial planners, wealth managers, accountants, at...