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Pilot grant-making program boosts Akron Community Foundation funding to $2.2 million

Published: June 14, 2014 3:47 AM

AKRON, Ohio – Akron Community Foundation’s board of directors approved grants totaling $2,245,983, including $1,605,811 in noncompetitive grants from 112 designated, donor-advised, agency endowment and scholarship funds and $640,172 in competitive arts and culture grants on June 13.

Overall grant-making increased by more than $300,000 over the previous quarter, and arts and culture grants increased by more than 25 percent over the previous year thanks to a new community foundation initiative to connect fundholders with charitable opportunities discovered through the community foundation’s competitive grant process. This quarter, a small group of corporate- and donor-advised fundholders, many of whom are arts supporters, reviewed requests from a variety of nonprofit agencies and recommended 13 grants totaling $192,172 for Summit County cultural programs.

“This new way of approaching our quarterly grant cycle is beneficial for our fundholders, nonprofits and community as a whole,” said John T. Petures Jr., the community foundation’s president and CEO. “If a grant comes our way that merits more than our board is able to give and we have fundholders who want to be connected with those types of funding opportunities, we believe it’s our duty to be that linkage in the community. Our mission is to connect our fundholders with opportunities that align with their charitable goals while improving our collective quality of life. I believe this does both.”

The following arts and culture grants were approved from the Howard Atwood Family Fund, H. Peter Burg Fund, Medical Mutual Community Investment Fund, Schloenbach Family Fund and an anonymous fund:

The following arts and culture grants were awarded from these field-of-interest and unrestricted funds, which were created by charitable residents to support emerging needs in our community: Adam Fund, V.E. (Tom) Atkins Fund, Board of Directors Annual Giving Fund, Charles C. and Dorathea S. Dilley Fund, GAR Foundation Fund for Dance in Summit County, C. Colmery Gibson Polsky Fund, Arthur Kelly Fund, John S. and James L. Knight Foundation Fund for Dance in Summit County, William C. Krisher Fund, Polsky Fund, Roush Memorial Fund, Shaw Foundation Fund, Jean P. Stevens Fund and the Community Fund:

About Akron Community Foundation
Celebrating 59 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 $181 million with a growing family of more than 450 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 more than $114 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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