W. K. Kellogg Foundation
Founded | 1930 |
---|---|
Founder | Will Keith Kellogg |
Focus | A number of topics |
Location | |
Area served | Global |
Method | Grants and programs |
Endowment | $7.3 billion |
Website | www.wkkf.org |
Formerly called | W.K. Kellogg Child Welfare Foundation |
The W.K. Kellogg Foundation was founded in June 1930 as the W.K. Kellogg Child Welfare Foundation by breakfast cereal pioneer Will Keith Kellogg. In 1934, Kellogg donated more than $66 million in Kellogg Company stock and other investments to the W.K. Kellogg Trust ($1.2 billion in 2015 dollars). As with other endowments, the yearly income from this trust funds the foundation.
The private foundation continues to hold substantial equity in and enjoy a strong relationship with the Kellogg Company, both of which are based in Battle Creek, Michigan. It is governed by an independent board of trustees.
The foundation is now the seventh largest philanthropic foundation in the U.S. In 2005, the foundation reported that the total assets of the foundation and its trust were US$7.3 billion; about US$5.5 billion of this was in Kellogg Company stock. The foundation funded US$243 million in grants and programs in its 2005 fiscal year. 82% of this was spent in the United States; 9% in southern Africa; and 9% in Latin America and the Caribbean. In 1996, it supplied a multi-year grant worth $750,000 ($1.13 million in 2015 dollars) to start mass salt fluoridation programs which were then carried out by the Pan American Health Organization (PAHO), covering 350 million people in Bolivia, Dominican Republic, Honduras, Nicaragua, Panama, and Venezuela. The project was part of a multi-year plan launched by PAHO in 1994 to “fluoridate the entire Region of the Americas”. More recently, they have provided funding for HealthCorps to prevent childhood obesity by encouraging students to take personal responsibility for their health and wellness.[1]
Grants
The foundation provides a number of grants to organizations across the United States and other countries on a number of topics.
Early childhood
One grantee is the Birth to Five Policy Alliance, with the stated purpose of the grant being, to increase public and private support so young children, particularly those facing the most challenges, get the high quality services they need to be successful.[2]
Education
Prominent educational institutions that have received significant grants from the foundation are:
- Cal Poly Pomona in Pomona, California[3]
- Michigan State University in East Lansing, Michigan[4][5]
- Kellogg College, Oxford, a constituent college of the University of Oxford, United Kingdom
Reception
The philanthropy expert Waldemar A. Nielsen said that the Kellogg Foundation "is substantially better than it is generally seen to be".[6]
See also
- List of wealthiest foundations
- Russell Mawby, President and CEO, 1970–1982; Chairman of the Board and CEO, 1982–1996
References
- ↑ "What We Support". W. K. Kellogg Foundation. Retrieved 2014-05-14.
- ↑ "What We Do: Secure Families". W. K. Kellogg Foundation. Retrieved 2014-05-14.
- ↑ "Kellogg West & Cal Poly Pomona History". Cal Poly Pomona Foundation. Retrieved 2014-05-14.
- ↑ "Michigan State University receives $5.9 million Kellogg Foundation grant" (Press release). Michigan State University. 17 May 2005. Retrieved 2014-05-14.
- ↑ "Kellogg heritage forever preserved" (Press release). Michigan State University. 31 May 2013. Retrieved 2014-05-14.
- ↑ Goodman, David (6 June 1998). "Kellogg Foundation Keeps a Low Philanthropic Profile". Los Angeles Times.
External links
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