KANSAS CITY, MO – The Health Care Foundation of Greater Kansas City will increase the amount of grants to be awarded in 2009 by $1.5 million, despite a very significant decrease in assets over the past year.
The HCF Board of Directors voted unanimously at its November board meeting to honor its commitment of gifting 5% of its value (based on eight-rolling quarters) which will total $26.5 million in grants in 2009.
“The current economic downfall has caused a sharp loss in HCF’s investment portfolio. Yet while these economic conditions are bad for foundations, they are worse for those we fund and the people they serve,” said Mary Lou Jaramillo, Chair of the HCF Board of Directors.
“The high unemployment rate, decrease in health benefits and other economic pressures that families are facing creates a dramatic increase in the need for services. During these hard times, HCF remains committed to providing resources to help the uninsured and underserved.”
Foundations typically base their giving on assets from previous years. HCF determines its giving amount based on the average value of its assets from the past eight quarters. Therefore, while the amount of gifting increases for 2009, this formula may result in a lower total in 2010 if the market has an extended downturn.
The 2009 HCF Grant Deadlines are:
Healthy Lifestyles Grants
Letter of Intent Deadline, February 11
Full Proposal Deadline, March 11
HCF Board Review/Approval, May 21
Mental Health Grants
Letter of Intent Deadline, March 25
Full Proposal Deadline, April 29
HCF Board Review/Approval, July 23
Safety Net Grants
Letter of Intent Deadline, August 5
Full Proposal Deadline, September 2
HCF Board Review/Approval, November 19
Applicant Defined Grants
Since it began grantmaking in 2005, HCF has awarded $70 million to agencies addressing health needs in the community.