Ima Foundation
The Insurance Management Associates Foundation, known as IMA Foundation, is a private foundation based in Wichita, Kansas. Founded in 1975 by the co-founders of IMA Financial Group, the foundation operates as a corporate foundation representing the charitable commitments of IMA's employee-owners across the United States. The foundation is committed to providing philanthropic support in the communities where IMA operates and its employees work and live.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.4M
+27.8% YoY
Annual Giving
$2.0M
+82.1% YoY
Grant Count
661
+40.9% YoY
Avg Grant Size
$3K
+29.2% YoY
Mission & Focus Areas
Mission: To provide philanthropic support in the communities where we work and live.
The foundation represents the passions of its associates and makes strategic contributions within focused funding areas. As of 2024, the foundation underwent a strategic realignment, shifting to three primary focus areas:
- Workforce development
- Financial literacy
- Emergency preparedness
The foundation also supports initiatives in philanthropy and foundations more broadly.
Grantmaking
Beyond direct grants, the foundation matched $286,000 in employee giving in 2024.
Grant Range
of approximately $2,300
Average Grant
of approximately $2,300
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation supports communities where IMA operates, spanning 60+ cities across 23 states, including:
Alaska, Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Kansas, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, North Carolina, Nevada, New Jersey, New Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin, and Wyoming.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2023):
- Total assets: $8,149,787
- Total revenues: $2,247,670
- Total expenses: $1,533,423
Assets & Giving (2024):
- Total assets: $10,418,402
- Total giving: $1,970,825
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,418,402 | $8,149,787 | $7,445,297 |
| Revenue | $4,491,161 | $2,247,670 | $1,804,850 |
| Expenses | $2,312,366 | $1,533,423 | $1,358,433 |
| Qualifying Distributions | $2,493,100 | $1,082,425 | $1,157,697 |
| Net Investment Income | $2,263,983 | $223,161 | $533,405 |
| Distributable Amount | $476,155 | $419,987 | $406,146 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
200 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Ruth Rohs – Executive Director and Senior Vice President, Corporate Communications
- Laurie Hoag-Winkler – Board Chair (noted in one source)
- Jeana Hutchings – Board Chair (noted in another source)
The foundation is governed by a volunteer board and executive team, with no compensation reported for their roles.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JEANA HUTCHINGS | BOARD CHAIR | 1 | — |
| ROBERT COHEN | TRUSTEE | 1 | — |
| COLLEEN SAVOIE | TREASURER | 1 | — |
| JORDYN ARONS | TRUSTEE | 1 | — |
| LAURIE HOAG- WINKLER | TRUSTEE | 1 | — |
| AMY VENTURI | SECRETARY | 1 | — |
| MIKE MOREY | TUSTEE | 1 | — |
| JOSIE MARTINEZ | TRUSTEE | 1 | — |
| MICHAEL CONDON | TRUSTEE | 1 | — |
| RUTH ROHS | PRESIDENT | 20 | — |
| MIKAELA GIBSON | COMMUNITY RE | 30 | — |
Recent News & Activity
Recent developments and announcements
**Bill Cohen Scholarship:**
The IMA Foundation established the Bill Cohen and IMA Scholarship at Wichita State University with a $100,000 gift to the WSU Foundation. The scholarship honors the legacy of Bill Cohen, who co-founded IMA and established the foundation in 1975. The scholarship supports WSU students majoring in engineering or business, or students enrolled in the Dorothy and Bill Cohen Honors College leadership track, with a minimum 3.25 GPA requirement and demonstrated financial need.
I&M Foundation and Palmhouse Foundation Deepen Education Partnership with**2024 Fundraising Success:**
The foundation's 2024 fundraising events raised over $1.3 million, with the addition of two new regional events: Burgh Bash in Pittsburgh and Big Apple Blast in New York.
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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