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Akron Community Foundation still serving community despite fire

Published: January 13, 2014 9:48 AM

AKRON – An early-morning fire at Akron Community Foundation’s office building Jan. 10 has not deterred business, said its President and CEO John T. Petures Jr. The building, which is located at 345 W. Cedar St., will remain closed until Jan. 21, but staff will be operating remotely to maintain operations.

The community foundation assets, which are held offsite, currently total nearly $180 million, including more than $4 million received during the last two weeks of December. The cause of the fire has not been determined, and damage was confined primarily to the building’s lobby.

According to Petures, fire doors prevented damage to grant records, historical documents, and agreements the community foundation has with its more than 440 fundholders.

“We were founded in 1955 to serve this community, especially during times of disaster, and the planning, foresight and preparedness of staff, board members and prior leadership has made that possible,” said Petures. “Our team has such a passion for the organization, and this passion will carry through to a quick and strong recovery,” added Mark Allio, the community foundation’s board chair.
Staff will resume daily operations Jan. 13 and can be reached via email and phone. A message from Petures and Allio, as well as staff contact information, is available on the community foundation’s website at www.akroncf.org.

About Akron Community Foundation
Celebrating 58 years of building community philanthropy, Akron Community Foundation embraces and enhances the work of charitable people who make a permanent commitment to the good of the community. In 1955, a $1 million bequest from the estate of Edwin Shaw established the community foundation. Today, it is a philanthropic endowment of nearly $180 million with a growing family of more than 440 funds established by charitable people and organizations from all walks of life. The community foundation welcomes gifts of all kinds, including cash, bequests, stock, real estate, life insurance and retirement assets, just to name a few. To date, the community foundation’s funds have awarded nearly $110 million in grants to qualified nonprofit organizations. For more information about Akron Community Foundation or to learn more about creating your own charitable fund, call 330-376-8522 or visit www.akroncf.org.

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