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Ewing Marion Kauffman Foundation

Public interest foundation in Kansas City, Missouri

Summary

Public interest foundation in Kansas City, Missouri

Field	Value
name	Ewing Marion Kauffman Foundation
image	[[File:Ewing Marion Kauffman Foundation logo.png	220px]]
founded_date	1966
founder	Ewing Marion Kauffman
location	Kansas City, Missouri
key_people	DeAngela Burns-Wallace, President and CEO
focus	Entrepreneurship and education
method	Research and grant making
revenue	$112,688,316
revenue_year	2022
expenses	$192,849,743
expenses_year	2022
endowment	US$2.7 billion
website	https://www.kauffman.org/
num_employees	85
homepage	kauffman.org

| Non-profit_slogan =

The Ewing Marion Kauffman Foundation (Kauffman Foundation) is a registered 501(c)(3) nonprofit, private foundation based in Kansas City, Missouri. It was founded in 1966 by Ewing Marion Kauffman, who had previously founded the drug company Marion Laboratories. The Kauffman Foundation works with communities to build and support programs that boost entrepreneurship, improve education, and contribute to the vibrancy of Kansas City.

The Kauffman Fellows Program, known for supporting diversity in the field of venture capital, originated from the Kauffman Foundation. In a statement quoted by TechCrunch, fellows said that they “have measured the importance of a trusted diverse network and how it impacts the success and longevity of the best investors in the industry. Research has shown that Kauffman Fellows not only have larger returns than the industry average, but they stay in the industry 15+ years post-fellowship, which is 2X the minimum number of years it takes to recognize success in venture capital.”

Overview

The Ewing Marion Kauffman Foundation is a private, nonpartisan foundation that works with communities in education and entrepreneurship to increase opportunities that allow all people to learn, take risks, and own their success. The Kauffman Foundation is based in Kansas City, Missouri, and uses its $2.6 billion in assets to collaboratively help people be self-sufficient, productive citizens. Its grantmaking and research activities are focused on advancing entrepreneurship, improving education, and supporting civic development in Kansas City.

History

In 2002, academic and entrepreneur Carl Schramm left a Maryland healthcare consulting firm to serve as president of the foundation until his resignation in 2012. Schramm's tenure was marked by conflicts over the foundation's mission and grant-making strategy, and he faced criticism for focusing on maximizing impact by awarding larger grants to fewer recipients and for de-emphasizing work in and around Kansas City. Conflict also arose over the extent of his executive authority, which prompted the Missouri Attorney General to recommend that the foundation strengthen its conflict of interest provisions and give the board of directors more decision-making authority.

In May 2022, EMKF announced a partnership and $10 million donation with the national community development initiative, Living Cities. The partnership saw the launch of a $100 million fund aimed at addressing the underinvestment in Black, indigenous, and people of colour communities.

References

"DeAngela Burns-Wallace: President and CEO".
(9 May 2013). "Ewing Marion Kauffman Foundation".
(2014). "Ewing Marion Kauffman Foundation Profile". [[LexisNexis]] Academic (database).
(2013). "Kauffman Foundation Grantmaker Record". [[Foundation Center]] Directory Online.
(16 June 2020). "As venture firms struggle with diversity, the Kauffman Fellows program is grooming candidates to help".
"What We Do: Entrepreneurship Programs and Initiatives".
"What We Do: Education Programs and Initiatives".
"What We Do: Kansas City Programs and Initiatives".
Anft, Michael. "A Divided Vision: Critics dispute changes at the Kauffman Foundation".
Preston, Caroline. "Kauffman Foundation President Departs".
(20 October 2003). "Uproar in Kansas City Over Foundation Chief". The New York Times.
Strom, Stephanie. (5 March 2003). "Missouri Tells Charity To Change". The New York Times.
(4 May 2022). "EMKF invests $10 million in Living Cities fund to address wealth gap". Philanthropy News Digest.

Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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