Annual Report 2016

A year of improving the health of all Kansans

Introduction

A Letter From Our Board Chair and CEO

At the 2016 Kansas Health Foundation Symposium, Dr. Robert Putnam, a Harvard professor and author of the acclaimed books “Bowling Alone” and “Our Kids,” talked about his research regarding the decline of our nation’s communities during the past half-century.

He talked about economics and jobs, education and graduation rates, along with health and chronic disease. And, most of all, he talked about millions of Americans, of all ages, races, income levels and education levels, who face an uncertain future as the communities and institutions that for so long provided a safety net, are no longer able to provide desperately needed support and services.

Here at the Kansas Health Foundation, we talk daily about terms like “equity,” “equality” and “opportunity.” Our desire to see a state filled with thriving communities that are led and populated by active, healthy Kansans, is stronger than ever. So strong, in fact, that our vision is to see a culture in which every Kansan can make healthy choices where they live, work and play. You read that correctly—every Kansan.

Unfortunately, today, many Kansans don’t have that opportunity. It’s why all of our work is focused on health equity and civic health.

A Letter From Our Board Chair and CEO

At the 2016 Kansas Health Foundation Symposium, Dr. Robert Putnam, a Harvard professor and author of the acclaimed books “Bowling Alone” and “Our Kids,” talked about his research regarding the decline of our nation’s communities during the past half-century.

He talked about economics and jobs, education and graduation rates, along with health and chronic disease. And, most of all, he talked about millions of Americans, of all ages, races, income levels and education levels, who face an uncertain future as the communities and institutions that for so long provided a safety net, are no longer able to provide desperately needed support and services.

Here at the Kansas Health Foundation, we talk daily about terms like “equity,” “equality” and “opportunity.” Our desire to see a state filled with thriving communities that are led and populated by active, healthy Kansans, is stronger than ever. So strong, in fact, that our vision is to see a culture in which every Kansan can make healthy choices where they live, work and play. You read that correctly—every Kansan.

Unfortunately, today, many Kansans don’t have that opportunity. It’s why all of our work is focused on health equity and civic health.

Portfolio Asset Allocation As Of December 31, 2016

Using these sound investment strategies, the Foundation is able to, year after year, provide funding to outstanding projects and initiatives in all regions of Kansas. The following chart displays the Foundation’s historical asset levels over the past 20 years:

Historical Average Assets ($)

Historical Qualifying Distributions ($)

Qualifying distributions refer to all payouts made for grants or grantmaking purposes. During the past 25 years, KHF has averaged approximately $21 million in qualifying distributions per year. To view the qualifying distributions for each year during that time period, please see the chart below:

Balance Sheet ($000s)

December 31, 2016
(Unaudited – accrual basis)

Assets
Cash and investments $467,269
Other assets $403
Land, building and equipment $11,869
$479,541
Liabilities and Net Assets
Liabilities
Payables and accrued expenses $395
Bonds payable $6,051
Grants payable $17,096
$23,542
Net Assets $455,999
$479,541

Statement of Activity and Changes in Net Assets ($000’s)

Year Ended December 31, 2016
(Unaudited – accrual basis)

Revenue and gains
Investment income $1,875
Net realized and unrealized gains on investment 39,719
Investment management expenses (1,443)
Other income 990
41,141
Program grants, net of writeoffs 12,861
Operating Expenses
Charitable activities and grants administration 5,430
5,430
Total operating expenses 5,430
Increase (Decrease) in net assets 22,850
Net Assets, beginning of year $432,537
Net Assets, end of year $455,387

Grants

From childrens’ programs to community events, from advocacy groups to school district efforts, the Kansas Health Foundation was honored to provide more than 150 grants throughout our state to make positive change in our program and impact areas, as well as build capacity for many organizations. Please view the PDF for a complete list of grants approved in 2016.

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People

Board of Directors

Michael Lennen

Interim President and CEO

Donna Shank

Matt Allen

Chair

Claudia Bakely

Mollie H. Carter

Junetta Everett

Jeffry L. Jack

Vice Chair

C. Patrick Woods

Steve Coen

President and CEO

Board of Directors

Matt Allen

Chair

Jeffry L. Jack

Vice Chair

Donna Shank

Audit Committee

Junetta Everett

Arnold Hudspeth

Marilyn Richwine

Jay Smith

Investment Committee

Mollie H. Carter

John MacDonald

John Maurer, Jr.

Brian Heinrichs

Ben Zimmerman

Staff

Steve Coen

President and CEO

Christopher Power

Vice President

Deanna Van Hersh

Vice President for Programs

Stephen Webster

Chief Financial Officer/Vice President of Finance

Kristi Zukovich

Vice President

Elina Alterman

Program Officer

Valerie Black

Information Technology Officer

Ashley Booker

Associate Communication Officer

Chan Brown

Program Officer

Doug Clasen

Facilities Manager

Gina Hess

Grants Associate

Kathy Lawless

Controller

Nadine Long

Director of Strategic Learning and Grants Administration

Mary Poort

Finance Assistant

Jeff Usher

Senior Program Officer

Blair Weibert

Grants Officer

Chase Willhite

Associate Vice President

Carolyn Williams

Senior Program Officer

Guiding Principles

The Board of Directors set forth the following core values of the Kansas Health Foundation:

Exclusions

KHF defines health broadly, and as such, provides funding in many different areas in order to achieve our mission. However, our organization does have a list of grant exclusions, or projects for which our grant funds may not be used. These include any of the following activities:

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