Cleveland Foundation invested $111 million in the community this year – Crain’s Cleveland Business

Posted: December 20, 2019 at 6:51 pm

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The Cleveland Foundation awarded $111 million in grants this year, a 6.7% increase over 2018, according to a news release.

The foundation's board of directors announced on Friday, Dec. 20, that it had approved $39 million in grants in the fourth quarter of the year. The grants support residents in Cuyahoga, Lake and Geauga counties.

The growth over the prior year was due in part to $60 million from donor-advised grantmaking and supporting organizations. Combined with the remaining $51 million in board-directed grants from the foundation's endowment, the community investment "reflects a long-standing commitment by the foundation and its donors to address the areas of greatest need in our community," according to the release.

"It's humbling to know that the foundation and our donors have yet again surpassed the $100 million mark for the year capping off a decade in which our mission-driven giving returned more than $1 billion back to the Greater Cleveland community," India Pierce Lee, Cleveland Foundation senior vice president for program, said in a prepared statement. "This quarter's funding was focused on residents at all stages of life: from helping our youngest residents both in and out of school, to assisting seniors with safe housing and access to food."

Grants approved in the fourth quarter include the following:

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Cleveland Foundation invested $111 million in the community this year - Crain's Cleveland Business

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December 20th, 2019 at 6:51 pm

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