Koch
Foundation
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.