Who We Are
Legacy Regional Community Foundation is a 501(c)3 not-for-profit philanthropic organization. This means gifts to any fund held with Legacy are tax-deductible to the fullest extent allowed by law. Under our umbrella are numerous funds set up for the benefit of the local area.
The donations that come to Legacy are from local individuals who want to invest in the future of this area. They can give to specific organizations such as a library, hospital or non-profit or earmark their gift for general causes like education or healthcare. Legacy attracts outside organizations such as the Kansas Health Foundation which supports the mission of community foundations and gives them financial support to encourage the growth and sustainability.
We are a member of the Kansas Association of Community Foundations, a collection of more than 100 local foundations in Kansas. Legacy is National Standards-certified through the Council on Foundations, which signifies a commitment to the highest business practices of policies and accountability.
How Does Legacy Regional Community Foundation Work?
Generous people contribute to Legacy Regional Community Foundation. It can take the form of money, stock or other assets. At the time of the gift, donors tell us about how they would like the money to be spent, what interest, cause or organization they wish to benefit. Legacy sets up a fund for the donor honoring his or her interest. This main gift is endowed, meaning that it is never spent. Instead it is permanently invested to provide income. Investments are overseen by the Legacy Investment Committee, a committee made up of local bankers, accountants and lawyers as well as interested community members. Distributions (also called grants and scholarships) are made from the earnings off the investment through a Grants Committee consisting of Legacy Foundation board members and interested community leaders. Gifts to Legacy Regional Community Foundation continue to benefit the area forever.
Current assets of seven million dollars are managed by Legacy Regional Community Foundation. See "Funds and Programs" for a partial list of supported organizations and fields of interest.
Learn about our current foundation goals at "Our Work."