Matching
Gift
Scholarship
Part of the Koch
Enterprises, Inc., corporate mission is to improve the quality of
life within the communities where we have operations "by helping
them better serve their residents through encouraging team member
participation in important community organizations and activities
through financial grants in the area of education, arts, health
care, and human services for people in need through no fault of
their own".
The Koch Foundation
is a vehicle to help us accomplish this mission. In years when cash
flow allows it, the company makes contributions into the Foundation.
From the earnings on the asset base, the Foundation is then able
to make contributions into our communities at a fairly stable rate,
assuming good investment results.
Requests for contributions
from the Foundation are reviewed and approved by its Board of Directors.
Contributions are made to organizations that have been awarded 501.C.3
status by the Internal Revenue Service. These contributions are
in the areas of education, health, religion, social service, culture,
and civic activities.Special consideration is given to those project
requests that have significant Koch Enterprises team member involvement.The
Board will grant requests based on funds available with proportionate
allocation based on Koch Enterprises presence in the community,
on Koch Enterprises team member involvement, and on the Board's
judgment regarding the best use of available funds.
Requests
for matching funds for schools and hospitals can be made on
the forms provided for that purpose and meeting the criteria outlined
on those forms.
The Foundation also
funds the Robert L. Koch and Mary L.
Koch college scholarships. These scholarships are awarded in
the total amount of $10,000 each according to the rules contained
in the application forms.
Other requests should
be submitted in writing with copies of the 501.C.3 certification
and explanation of the project benefit to the community and the
levels of specific Koch Enterprises team member involvement.