Harris and Eliza Kempner Fund

The Harris and Eliza Kempner Fund is a private family foundation established in 1946, headquartered in Galveston, Texas. Originally known as the Galveston Fund, it was created by the descendants of Harris Kempner to honor his philanthropic legacy and to provide vital support for community needs, especially during times of economic hardship or crisis.

History

The foundation began with an asset value of approximately $38,500 and has since grown to manage assets exceeding $50 million. Throughout its history, the Fund has distributed over $70 million to various charitable causes, primarily focused on the Galveston area. The transition to its current name occurred in 1950, in tribute to its founders, Harris and Eliza Kempner, who played significant roles in the development of the community.

The Fund's mission emphasizes investing in the long-term success, sustainability, and well-being of Galveston and its residents. Its board consists of nine family members and two community directors, reflecting a commitment to integrating family values with local community needs.

Focus Areas

The Harris and Eliza Kempner Fund primarily addresses issues across five broad areas:

• Human Services
• Health
• Education
• Arts
• Community Development

Additionally, it has a history of funding environmental initiatives and historic preservation projects. The Fund also engages in program-related investments (PRI), offering below-market rate loans to enhance community development efforts.

Notable Activities and Grantmaking

In the 2010s, the Fund launched several initiatives, including "Green Grants" aimed at decreasing energy costs for non-profits and supporting sustainable practices. Collaborative efforts have also been instituted to provide disaster response assistance, such as following Hurricane Ike.

As of 2020, the Kempner Fund has begun implementing strategic changes to its grantmaking approach, utilizing data-driven insights and community feedback to guide its philanthropic activities. This reflects a broader trend towards trust-based philanthropy, prioritizing long-term partnerships with local organizations.

Legacy and Impact

The legacy of Harris Kempner, characterized by inclusivity, integrity, and community service, continues to guide the Fund's operations today. The Harris and Eliza Kempner Fund remains a cornerstone of charitable giving in Galveston, fostering resilience and supporting initiatives that enhance the quality of life for its residents.

Financial Overview

As a designated nonprofit organization, contributions to the Harris and Eliza Kempner Fund are tax-deductible. Financial records indicate a strong reliance on the sales of assets and investment income to sustain its charitable disbursements, which account for a significant portion of its expenses.

The Fund exemplifies a longstanding commitment to philanthropy, aimed at making a lasting impact on the Galveston community and preserving the philanthropic spirit of its founders.