On September 20, 2008 at KU Mason’s Day in Kansas City, KMF President Jeff Sowder announced another opportunity for making gifts to the Kansas Masonic Foundation and the Kansas Masonic Cancer Research Institute at the KU Cancer Center. The Foundation Board approved at their September 2008 meeting setting up a new fund at the Foundation called The Kansas Masonic Foundation Cancer Endowment Fund. This fund provides a unique opportunity for you or family members to establish a family legacy.
Guidelines for the new fund
1. The minimum amount to establish a named fund within the KMF (Kansas Masonic Foundation) Cancer Endowment Fund is $10,000.00. Funding is to be completed within three years with exception given to irrevocable deferred charitable gifts whereby legal documentation has been received from the donor and has been approved by the KMF. Time frames for larger cash gifts or other types of permanent planned giving devices will be addressed on an individual basis by the Board or designated committee.
2. Donors may establish a named fund within the KMF Cancer Endowment Fund that would bear their family name.
3. Once a named fund has been completed, donors may continue to contribute to their fund to perpetuate its growth.
4. Monies received will be held as restricted funds until they no longer meet their current intended purpose (see #8). All disbursements will be made according to the guidelines within the investment and disbursement policies of the Kansas Masonic Foundation. Income payout rates are formulated at levels intended to preserve the future purchasing power of the endowment principal and to protect against erosion by inflation.
5. Disbursements will be made at the discretion of the Board of Trustees and in accordance with the mission statement of the Kansas Masonic Foundation as it relates to cancer research and in dollar amounts as directed by the KMF Board.
6. The frequency of disbursements will be made annually and at the end of the fiscal year based on need and fund availability.
7. A fund activity and award report will be sent to fund donors upon request.
8. As necessary, after the date of a donor funding agreement and at periodic intervals thereafter, agreements will be reviewed by the Kansas Masonic Foundation Administration or designated committee and its Board of Trustees with the possibility of reallocation of the funds disbursable earnings and/or principle in light of the then current mission and purpose of KMF. In making that review, the administration and Trustees will consider stated interests of the donor along with the priorities and needs of the Foundation’s mission at that time.
9. The trustees of the Kansas Masonic Foundation reserve the right to modify these guidelines from time to time. Fund agreements will be administered pursuant to these guidelines as periodically revised.
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