Charitable Foundations Announce Major Stock Sales in UMB Financial Corp

Multiple Kemper family entities disclosed substantial transactions, raising millions from UMB shares.

January 02, 2025

Notable Stock Sales from UMB Financial Corp Affiliates

A series of filings with the SEC revealed significant stock sales by various charitable organizations and trusts affiliated with the Kemper family. These transactions, involving common stock in UMB Financial Corp, occurred over the last quarter of 2024 and the beginning of 2025. They collectively involved substantial financial proceeds and a notable reshaping of the entities' investment portfolios.

Breakdown of Transactions and Proceeds

The filings highlighted multiple sales by entities such as the R.C. Kemper Charitable Trust, R.C. Kemper Jr Charitable Trust, and the Bebe & Crosby Kemper Foundation for the Arts.

• The R.C. Kemper Charitable Trust sold shares in three separate transactions, generating gross proceeds of approximately $2.1 million.


• The R.C. Kemper Jr Charitable Trust similarly engaged in multiple sales, netting roughly $2.1 million over the reporting period.


• The Bebe & Crosby Kemper Foundation for the Arts disclosed multiple sales, including one transaction on December 2, 2024, which generated $346,740.

These figures reflect substantial financial movement within these entities, underscoring their active portfolio management and fundraising efforts.

Summary of Issuer and Shares Sold

UMB Financial Corp is a publicly traded company on the NASDAQ stock exchange under ticker symbol "UMBF." It is a diversified financial services holding company headquartered in Kansas City, Missouri. With over 48.8 million shares outstanding, the sales represent only a small fraction of the total share pool, suggesting the entities remain significant stakeholders.

Key Details on Reported Sales

The transactions disclosed also included notable single-day activities:

• On October 1, 2024, the R.C. Kemper Marital Trust sold 24,300 shares, grossing approximately $2.47 million.


• Similar activities on December 2, 2024, included sales from multiple entities, resulting in proceeds surpassing $5 million on that day alone.

While the primary motivation for these sales was not disclosed, such activity aligns with typical portfolio diversification or funding needs of nonprofit organizations.

The disclosure underscores the financial movement within UMB Financial Corp, driven by significant stakeholders closely tied to its legacy. This activity not only reflects on the corporation's share liquidity but also provides insights into the financial strategies of its affiliate entities.