Western Kansas Community Foundation’s mission is to enrich western Kansas life through philanthropy, collaboration and leadership. We feel the prudent management and care of the funds entrusted to us is very important in achieving that mission. The investment and spending policies of the Foundation are designed to ensure careful management of Foundation assets in order to serve the long-term best interests of the community. It is recognized that these assets constitute a public trust, and the Foundation accepts a high degree of fiduciary responsibility and accountability for them.
The Foundation believes best performance will be achieved through a balanced portfolio invested for long-term growth. Funds are invested with Commerce Trust Company and governed by the Finance Committee of Western Kansas Community Foundation.
Western Kansas Community Foundation Audited, Condensed Statement of Financial Position
December 31, 2017
Cash & Cash Equivalents - $831,808
Investments - $28,920,491
Real Estate Held for Sale - $0
Total Assets - $29,885,929
Liabilities & Net Assets
Total Liabilities - $1,093,458
Unrestricted Net Assets - $475,477
Temporarily Restricted - $8,879,362
Permanently Restricted - $19,437632
Total Net Assets - $28,792,471
Total Liabilities & Net Assets - $29,885,929
Note: A complete financial statement with the Independent Auditor’s Report as well as the 990-T is available for review in the Foundation’s office. An Independent Auditor’s Report on Financial Statements was issued WKCF's Board of Directors by Varney & Associates, Manhattan, KS on June 23, 2017.