UMB Bank deposits $350K supporting The Porter House KC; $1.25M in year-end KC donations to benefit underserved communities
December 21, 2021 | Startland News Staff
A hefty, end-of-year donation from UMB Bank will provide The Porter House KC an opportunity to dig deeper in assisting local entrepreneurs, said Daniel Smith, expressing appreciation for the $350,000 boost.
“These resources will be used to continue our current work and implement another program that will assist small businesses with direct support, creating additional inroads to success,” said Smith, co-founder and principal of The Porter House KC.
Charon Thompson and Dan Smith, The Porter House KC
Click here to read more about what drives Smith and co-founder Charon Thompson, who were recognized for their work at The Porter House KC as two of Startland News’ 2021 Kansas City Community Builders to Watch.
The donation from Kansas City-based UMB Bank is part of a $1.25 million gift to three organizations supporting underserved communities’ housing needs, small business efforts, and education and emerging talent in Kansas City. KC Scholars is expected to receive $500,000, while CHES, Inc. is set for $400,000. (The Porter House KC is itself a program of CHES, Inc., but is receiving an individual donation.)
“For more than a century, UMB has actively supported each community we serve,” said Mariner Kemper, chairman, president and CEO of UMB Financial Corporation. “We’ve had a strong year, and we want to share this success by giving much needed funding to key organizations within our communities. We’re thrilled to support these outstanding community partners and the tremendous work they’re already doing. We hope to see the impact of these dollars for years to come.”
CHES, Inc. is a HUD approved housing counseling and financial empowerment organization dedicated to helping clients maintain the knowledge and skills needed for long-term credit, financial and homeownership success. The UMB Bank donation will support CHES, Inc. programs including CHES Financial Empowerment and Kansas City Bank On.
The Porter House KC is an inner city based co-working community that provides entrepreneurship access and resources to underserved populations in the Kansas City Metro area. The organization resolves to assist in the representation of entrepreneurs of color by providing an affordable business space that can be used to grow an idea to a full-fledged business.
Click here to learn more about The Porter House KC.
Two additional donations of $375,000 from UMB Bank have been made to Denver organizations NEWSED and Rocky Mountain MicroFinance Institute, bringing the total for the five year-end donations to $2 million, and UMB’s 2021 giving to more than $6 million.
UMB offers commercial, personal, and institutional banking services with branches throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, and serves business and institutional clients nationwide.
This story is possible thanks to support from the Ewing Marion Kauffman Foundation, a private, nonpartisan foundation that works together with communities in education and entrepreneurship to create uncommon solutions and empower people to shape their futures and be successful.
For more information, visit www.kauffman.org and connect at www.twitter.com/kauffmanfdn and www.facebook.com/kauffmanfdn
Featured Business
2021 Startups to Watch
stats here
Related Posts on Startland News
Passing the keys, passion: How a new wave of small biz owners plan to preserve beloved local brands
Some have been customers; some employees. Now they’re the new owners of popular local restaurants and retail shops. As founders step aside, fresh sets of entrepreneurs step up in hopes of carrying on the goodwill and loyal following these brands have built up, some for decades. John McClelland and his brother-in-law, Johnathan Griffiths, work together…
Topping expectations: These brothers helped expand Pizza Tascio to 8 locations; now they’re taking over
Erik Borger hired all three Lombardino brothers in their teens, starting them out as dishwashers at his restaurants in St. Joseph, Missouri. They quickly took on other positions — front of house, staff scheduling, food and beverage orders and deliveries, and hiring and firing workers. If an employee didn’t show up for a shift, they…
Nell Hill’s founder returns to retail with ‘this little secret’ — a micro shop with an old-fashioned, in-store experience
Mary Carol Garrity’s last home furnishings store was 18,000 square feet. Her new one? A “petit bazaar” at just 400. Garrity is teaming up with longtime friend, Rebecca Wood, on diebolt’s in Midtown’s Gillham House Antiques & Furnishings. The shop, which is scheduled for an April 19 soft opening, is expected to offer a “fun…
Urban designer behind Royals’ Crossroads ballpark pioneered the modern MLB stadium (and he has the bats to prove it)
It’s difficult to find a Major League Baseball stadium that Earl Santee hasn’t influenced with his philosophy of community-oriented design. Called the “Godfather of ballparks,” Santee — the recently named CEO of Populous and literal architect of the proposed Kansas City Royals ballpark district in the East Crossroads — either designed or renovated two dozen…