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THCF Updates
from President & CEO

Here's What's on Phil's Mind

THCF Updates from President & CEO

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Here's What's on Phil's Mind


October has certainly been a volatile time in the stock market. However, some market pundits say what we are experiencing now is more normal that what we experienced in 2017, when there was no volatility. One of the tools that your Community Foundation has that addresses volatility and ensures more stable funding is a spending policy for our endowed funds. Most spending policies compute the amount using an average balance over several years to factor in the ups and downs of the investment market. So for example, our current spending policy is 5% of the average balance of the fund at year end over the last 3 years.

At our Toast to our Town Gala on Saturday evening I had the opportunity to share for the first time some exciting news about the future work of your Community Foundation in the area of community initiatives.

I am pleased to report that our Boomers Get Connected initiative is making great progress in Eastern Jackson County.

I am constantly amazed by the progress that can be made when groups of like minded individuals come together for a common goal.

My experience with charitable giving throughout my 35-year career in philanthropy is that people are not giving just to get a tax deduction. They are giving from the heart because they are passionate about their community.

For the last 36 years, Truman Heartland Community Foundation has given donors with a passion for education the opportunity to support the students in our area. Many of our community’s citizens have taken the step to invest in education by creating a Scholarship Fund through their Community Foundation, which allows them to award scholarships to students who they believe to be most deserving.

We are very pleased to announce three of our honorees for our 23rd Toast to Our Towns Gala on Saturday September 29th.

Although you may feel disdain in dealing with both your taxes and your allergies, my advice is to take a proactive approach to avoid a future headache. You’ll have to see your doctor about how to deal with your allergies, but the prescription for the headache tax-season causes is simple: proactive tax-planning.

At Truman Heartland Community Foundation we are looking forward to getting our annual competitive grants cycle rolling for 2018. This year we had the honor of hosting our second annual Community Grants workshop on Monday, February 26 at Midwest Public Risk. We were excited to see so many new faces among the 60 nonprofit professionals who joined us to learn more about our Competitive Grants process.

How will the new tax law affect charitable giving in the coming future? President and CEO, Phil Hanson, gives his perspective on the changes to come.

We often use this time of year as a chance to reflect on the past year and recall its highlights. As I look back on 2017 and see what is trending on social media or creating headlines in the news, I see a great deal of focus on the things that are dividing us as a country. I think it is important now more than ever that we do not lose sight of the things that are uniting us and bringing us closer together.

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