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.
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
Chair
C. Patrick Woods
Chair
Steve Coen
President and CEO
Board of Directors
Matt Allen
Chair
Jeffry L. Jack
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
Chief Operating Officer/Vice President
Stephen Webster
Chief Financial Officer/Vice President of Finance
Kristi Zukovich
Vice President
Elina Alterman
Program Officer
Valerie Black
Director of Community Partnerships
Chan Brown
Director of Community Initiatives
Doug Clasen
Facilities Manager
Kathy Lawless
Controller
Mary Poort
Executive Associate
Jeff Usher
Director of Issue Mobilization
Chase Willhite
Associate Vice President
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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