HUDSON - At their June meeting, The Burton D. Morgan Foundation trustees approved grants totaling more than $1.5 million, including grant dollars to the University School totaling $376,500. University School grant funding will be used to support programming provided through the Entrepreneur Institute, Lemonade Day Northeast Ohio, and to establish an endowment to support the Entrepreneur Institute.
"During the June grant cycle, the Foundation made a significant investment in our partnership with University School and its dynamic Entrepreneur Institute. Under the leadership of youth entrepreneurship champion Greg Malkin, the Entrepreneur Institute coordinates and promotes Lemonade Day NEO across the region, professional development for teachers, the Young Entrepreneur Market and the annual Celebration of Youth Entrepreneurship. The Foundation and Entrepreneur Institute share common goals of instilling an entrepreneurial mindset in young people at an early age and we are excited to pursue our partnership in the coming school year with renewed energy," said Deborah D. Hoover, foundation president and chief executive officer.
Additional grants approved by the Foundation's trustees in June include:
Akron Urban League - $20,000 to support the Partnership for the Minority Business Accelerator (PMBA) cohort VI
Ashland University - $21,700 for entrepreneurship programming
Bad Girl Ventures - $25,000 for Cleveland operations and marketing in Summit County
BioEnterprise Corporation - $275,000 for business development and internship programs and support to develop and pilot financial sustainability initiatives
Economic and Community Development Institute - up to $200,000 to provide support to initiate microlending in Summit County
Entrepreneurial Engagement Ohio - $25,000 for the Scholarship of Entrepreneurial Engagement (SEE) program
Hiram College - $35,000 for operating and program support for the Center for Integrated Entrepreneurship
Kent State University Foundation - $39,750 for a Marketing and Events Manager for the Blackstone LaunchPad program
Oberlin College - $500,000 for a permanent endowment to support Creativity & Leadership: Entrepreneurship at Oberlin
Youth Opportunities Unlimited - $30,000 for the E CITY program
Since February, the Foundation also approved a number of small grants to support youth, collegiate and adult entrepreneurship programs. Among the recipients were: Cleveland Festival of Art and Technology for the Ingenuity Spark Plug Festival ($5,000); Downtown Akron Partnership for the 2014 Akron Art Prize ($10,000); Girl Scouts of Northeast Ohio for the Girl Scout Cookie Rally ($10,000); ideastream for prize money for the SEA Change idea competition ($10,000); Kent State University for the Small Business Development Center's Entrepreneur Experience Program ($5,000); LaunchTown for the 2014 business idea competition ($10,000); Learning About Business Inc. for LAB Week 2014 ($10,000); National Association for Community College Entrepreneurship for scholarships for the 2014 conference ($9,882); Painesville City Schools for summer business education programming ($2,695); Summer on the Cuyahoga to include entrepreneurship interns in special event programming ($2,500); University of Massachusetts-Lowell for the 2014 Deshpande Symposium on Innovation and Entrepreneurship in Higher Education ($5,000); and Western Reserve Public Media for the START UP television program ($10,000).
In addition to supporting entrepreneurship initiatives in the region, the Foundation also makes grants to institutions in Hudson, Ohio. The following grants have been made since February to benefit the Hudson community: Hudson Bandstand Inc. for the 2014 Hudson Summer Music Festival ($2,500); Hudson City School District for the Keep Hudson Safe initiative ($1,000); Hudson Community Foundation for the 2014 Screen on the Green movie series ($5,000); Hudson Community Service Association for the Helping Hands Assistance Fund ($8,000); Hudson Rotary Foundation for scholarship fund support ($1,000); and Hudson United Methodist Church for the 2014 Appalachian Service Project Mission ($5,000).
A more complete list of grants awarded can be found by visiting the Foundation's website at bdmorganfdn.org/grants-awarded.