The Jack Kagan Foundation was established to continue and expand the philanthropic work that Mr. Jack Kagan conducted during his lifetime, focused on helping others in need that were not as fortunate as he was.
Grant recipients are chosen from among other non-profit organizations established the United States or its possessions, and operating exclusively for charitable purposes to provide assistance to:
(i) Veterans: especially those who are physically or mentally disabled, with a focus on enabling such persons to engage in activities including sailing, diving, therapeutic programs;
(ii) Children: focused on those who are orphaned, fostered, abused or underprivileged;
(iii) Medicine: organizations engaged in medical care and/or medical research, and;
(iv) Community: additional charitable purposes as determined by the Foundation’s Board, primarily focused on impactful community endeavors.
The Foundation’s activities are principally funded by returns on investment from its initial assets, as set up in accordance with the Jack Kagan Trust. Because the Foundation expects to operate in perpetuity, it requires a growing asset base and a growing annual return.