Legacy Regional Community Foundation

Legacy Regional Community Foundation grows area philanthropic and nonprofit efforts by connecting donors with critical needs in our community, instilling informed leadership and building endowments to create a stronger, healthier and more prosperous region.

About

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.

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 80 local foundations in Kansas. Legacy is designated with the Platinum Seal of Transparency from GuideStar.

 

 

In addition to cash, Legacy Foundation accepts a variety of financial assets — from commodities and IRAs to insurance plans and securities — allowing donors to give in ways that are convenient for them.  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.

We get to know our donors and their philanthropic goals, documenting intentions and helping to identify the best solutions to ensure their charitable dreams live on forever.

Legacy Foundation establishes two types of funds—endowed or expendable.  Sometimes all that is needed is a safe and secure collector for community projects.  Expendable funds are a great fit for those situations!  If long-term sustainability is the goal, endowed funds are desired.  When a main gift is endowed, the principal is never spent, instead it is permanently invested to provide income earnings for its intended use.

Community foundations, such as Legacy Foundation, pool resources and leverage that “buying power” to earn investment income, enabling a gift to make a greater impact than it could on its own.  

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 throughout the year. Legacy, A Regional Community Foundation stands in the gap for many issues in our community – acting as a catalyst and thought leader, convening people for action and providing necessary resources – especially regarding social drivers of health and health equity. There is often a divide between what we think we know and the reality of what is really happening. That’s why we’re digging into data zeroing in on kids and how poverty impacts health, education, and their potential for a successful future through the Legacy led initiative Cowley ACTS (Addressing Challenges Together).

 

    Services Provided

    Advocacy & Public Policy

    • Business Issues Related to a Specific City
    • Community Involvement
    Contact Information
    Yazmin Wood
    Address
    1216 Main
    PO Box 713
    Winfield, KS 67156