Wheat's On Your Mind

WOYM – Leaving Your Wheat Legacy


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Arron Harries talked the Kansas Wheat Commission Research Foundation's Tammy McClellan, and Stephen Graham. 
They talked about the foundation's mission and the importance of funding wheat research were eye-opening. 
We learned how this organization not only supports vital research but also creates opportunities for individuals and companies to contribute meaningfully to the future of wheat production.

What You Will Learn

The purpose and significance of the Kansas Wheat Commission Research Foundation

The foundation's growth and its impact on wheat research funding

The diverse donor base and their motivations for giving

The various ways to contribute to wheat research

The importance of designated giving areas for donors

Foundation Purpose

The Kansas Wheat Commission Research Foundation serves as a vital channel for donations aimed at supporting wheat research. It allows stakeholders, including producers and companies, to contribute beyond the traditional check-off dollars, ensuring that research continues to thrive.

Growth and Impact

Since its establishment in 2012, the foundation has grown its assets to over $6 million. This growth underscores the critical role of public sector wheat research and the need for additional funding to meet rising research and development costs.

Diverse Donor Base

The foundation attracts a wide range of donors, from individuals with deep family ties to wheat production to global supporters. This diversity highlights the widespread passion for advancing wheat research and the collective effort to enhance the industry.

Ways to Donate

There are several ways to contribute to the foundation, including cash donations, non-cash gifts like grain or stock, legacy gifts through estate planning, and Required Minimum Distributions (RMDs) from retirement accounts. This variety allows donors to choose the method that best suits their financial situation.

Designated Giving Areas

Donors can specify their contributions to particular research fields, such as greenhouse maintenance, student research support, and ongoing projects aimed at improving wheat profitability. This targeted approach ensures that funds are used effectively to address specific needs within the research community.

Timestamps

(00:00:01) - Introduction to the Wheat’s on Your Mind podcast and guests Tammy McClellan and Stephen Graham.

(00:00:24) - Discussion on the Kansas Wheat Commission Research Foundation and its purpose.

(00:00:55) - Tammy explains the foundation's growth since 2012, highlighting its current assets of over $6 million.

(00:01:39) - Aaron discusses the lack of funding vehicles for various stakeholders in wheat research.

(00:02:33) - Tammy shares experiences with passionate donors, including the Veneer family’s significant contributions.

(00:04:40) - Stephen expresses his support for the foundation, emphasizing the importance of wheat research.

(00:06:02) - Aaron highlights the annual research spending by the Kansas Wheat Commission and the foundation's role in supplement funding.

(00:06:25) - Tammy outlines designated giving areas within the Fields Forward campaign, including building maintenance and research support.

(00:08:03) - Discussion on legacy gifts and the importance of planning for future contributions to wheat research.

(00:09:30) - Stephen emphasizes the significance of a strong public breeding program in Kansas amidst challenges in private investment.

(00:10:43) - Discussion on the importance of breeding for yield, quality, and resistance factors in wheat, especially in light of declining water resources.

(00:11:16) - Aaron highlights the current golden age of wheat research, emphasizing advancements in technology and funding opportunities.

(00:11:53) - Tammy explains various ways to donate to the Kansas Wheat Commission Research Foundation, including legacy gifts and cash donations.

(00:12:03) - Non-cashed gifts are discussed as advantageous for donors, with Tammy sharing examples like gifts of grain.

(00:12:32) - Tammy elaborates on the process of donating grain, emphasizing the importance of proper delivery to maximize tax benefits.

(00:13:00) - The conversation shifts to gifts of stock and land, with Tammy detailing how these donations can be managed for donor benefit.

(00:14:12) - Aaron brings up the topic of required minimum distributions (RMD) and how they can be directed to the foundation.

(00:14:35) - Tammy discusses the availability of financial advisory services to help donors plan their charitable contributions.

(00:15:21) - Recognition for donors at the Kansas Wheat Innovation Center is highlighted, showcasing the diversity of support for wheat research.

(00:16:09) - Stephen shares insights on the long-term nature of wheat research and the importance of patience and investment.

(00:17:17) - Aaron notes the positive outcomes of genetic advancements in wheat, particularly in relation to recent crop performance.

(00:17:38) - Information on how to contact Tammy for those interested in supporting the foundation is provided.

(00:18:23) - Tammy expresses the foundation's commitment to sharing their research story with interested supporters.

(00:18:47) - Aaron thanks Stephen and Tammy for their contributions and support of wheat research.

(00:19:06) - Aaron concludes the episode, inviting listeners to reach out with questions or topics for future discussions.

Kansas Wheat
WheatsOnYorMind.com

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