The Missouri Bankers Foundation
supporting, educating and honoring Missouri banks and the communities they serve
MBA established the Missouri Bankers Foundation in 1985 to provide funding for college scholarships for high school students pursuing banking-related college degrees. The foundation solicits and manages investments and distributes funds to support continuing education for Missouri bankers and individuals preparing for a career in the banking industry. The mission has been broadened through the years to include the following.
- scholarships for high school students planning to pursue banking-related college degrees
- scholarships and awards for young bankers already working in the Missouri banking industry
- scholarships for college students completing internships with MBA member banks
- MBF Speaker Series
- Robbery Reward Program
- 50 Year Club recognition
- MBA Century Bank recognition
- support of statewide financial literacy efforts
Donations to the Missouri Bankers Foundation’s annual fund and proceeds from MBA’s silent auction and wall of wines raffle, held annually at MBA’s Executive Management Conference in December, support these important programs and provide funding to increase scholarships.
Outright and planned gifts may be given anonymously, or they can be named or unnamed. The foundation will work with the donor to establish guidelines related to criteria, distributions and whether the principal balance may be spent. An endowed
scholarship is perpetual. The principal remains intact, and only the interest is awarded. The scholarship or fund may be restricted to a specific program or remain unrestricted to support a variety of programs/students.
Giving back, paying it forward
Community banking is both a lifestyle and a profession. Gifts to the Missouri Bankers Foundation are an indication of your commitment to the Missouri banking community. We understand that finding the right channel for your charitable giving is important. Our goal is to help you accomplish your vision to give back and to pay it forward.
The Missouri Bankers Foundation honors the achievements of Missouri bankers and their families. Endowment gifts from Missouri bankers and friends of the Missouri banking community provide permanent investments to ensure a continuous source of funding for college scholarships and continuing financial education in the state.
When the Missouri Bankers Foundation receives endowment gifts, the principal is held in perpetuity, with part of the annual earnings generating ongoing support for activities and scholarships designated by the donor. Contributions may be made by an individual gift, bequest, corporate gift or memorial gifts. Bankers also may contribute to an existing endowment or create their own. A gift of $20,000 or more can initiate a named endowment. This is just one thoughtful way to honor or memorialize a loved one or special event. Gift planning can maximize benefits to you, the foundation and beneficiaries. Our staff is always happy to visit with you and your advisors to fulfill your objectives.
Types of Planned Giving
- gift by bequest
- gift of cash
- appreciated stock
- bonds and mutual funds
- CDs, savings and checking accounts
- charitable trusts
- qualified charitable distributions from an IRA
Scholarship, Funds and Endowments
- MBF Willis W. Alexander Scholarship
established by gifts in memory of Willis W. Alexander (1919-1985), president of the Trenton Trust Company
Alexander served as president of the Missouri Bankers Association and the American Bankers Association. He held the office of executive vice president of the ABA for 15 years.
- John W. Rogers Memorial Scholarship
established in 1997 by gifts in memory of John W. Rogers from his sons, John and James Rogers
Rogers was a career banker and past president of the Missouri Bankers Association. This scholarship is awarded to a graduating senior or seniors, with preference given to applicants pursuing a banking-related degree and planning to attend the University of Missouri-Columbia.
- MBF William W. Quigg Memorial Scholarship
established in 1998 by gifts in memory of William W. Quigg
This scholarship provides financial assistance to University of Missouri juniors, seniors and graduate students pursuing a degree in a banking-related field. Quigg served as president of the Missouri Bankers Foundation for 11 years and was a past president of the Missouri Bankers Association.
- Scott A. Childress Memorial Scholarship
established in 2008 by gifts in memory of Scott A. Childress from his wife, Rebecca Childress, and two daughters, Courtney Bonnell and Lacey Childress to benefit the MBA Young Bankers Leadership Division
Scott Childress was a career banker and the president of Citizens Bank of Edina. His family hosts an annual Scott Childress Memorial Golf Tournament to further fund the endowment, which benefits the MBA Young Bankers Leadership Division.
The Missouri Bankers Foundation is a 501[c] organization. All contributions are tax deductible as allowed by law.
For More Information
Contact Rachael Preston at 573-636-8151.