The Cleveland Foundation Approves $16.6 Million in Grants and Program-Related Investments

Strategic Insights -

At its first quarter meeting, The Cleveland Foundation's board of directors approved $16,605,951 in grants and program-related investments to local nonprofit organizations. The Foundation committed almost $4 million towards continued work in Cleveland's neighborhoods. These grants and investments will have a significant impact on the community, supporting initiatives such as affordable housing, education, and the arts.

Key Takeaways:

  • Neighborhood Progress Inc. received a $3.5 million grant and a $250,000 program-related investment to increase the capacity of community development corporations (CDCs) to continue improvements to Cleveland neighborhoods through low-income housing development.
  • Cleveland Housing Network received a $200,000 grant for support of its Homeward Program, which rehabilitates and builds homes throughout Cleveland's neighborhoods for re-sale to low- and moderate-income families, producing about 150 housing units each year.
  • The Cleveland Clinic Foundation received a $1 million grant to develop a student portfolio assessment (SPA) system at the Cleveland Clinic Lerner College of Medicine.
  • Case Western Reserve University (CWRU) received a $3 million grant for its President's Initiative Fund to support the University's re-investment in its College of Arts and Sciences.
  • Cleveland State University received a $240,000 grant to support the First-Ring Leadership Academy, a 15-month program that identifies and trains promising teacher leaders to become effective school principals in Cleveland's first-ring school districts.
  • The Woodrow Wilson National Fellowship Foundation received $281,972 to develop the Cleveland Leadership Program for Teachers, a program that includes intensive summer sessions and academic year follow-up for local high school teachers partnered with professors from local colleges and universities.
  • The Foundation also announced Apollo's Fire: The Cleveland Baroque Orchestra, Cleveland Film Society, Cleveland Public Art, Great Lakes Theater Festival, Museum of Contemporary Art Cleveland, and Young Audiences of Greater Cleveland as the six arts organizations to participate in the new Advancement Program for Mid-Sized Arts Organizations.

Statistics:

  • $16,605,951: Total amount of grants and program-related investments approved by The Cleveland Foundation's board of directors.
  • $4 million: Amount committed towards continued work in Cleveland's neighborhoods.
  • 150: Number of housing units produced each year through Cleveland Housing Network's Homeward Program.
  • $1 million: Grant awarded to the Cleveland Clinic Foundation to develop the student portfolio assessment (SPA) system at the Cleveland Clinic Lerner College of Medicine.
  • $3 million: Grant awarded to Case Western Reserve University (CWRU) for its President's Initiative Fund.
  • 50: Number of teachers participating in the Cleveland Leadership Program for Teachers in its first year.
  • 5: Number of Cleveland Municipal School District schools participating in the Cleveland Leadership Program for Teachers.

Sources:

  • "Cleveland Foundation Approves $16.6 Million in Grants and Program-Related Investments." PRNewswire, March 22.
  • The Cleveland Foundation. "Grants and Program-Related Investments." http://www.clevelandfoundation.org/ .
  • The Cleveland Foundation. "About Us." http://www.clevelandfoundation.org/ .
  • The Cleveland Foundation. "Arts and Culture." http://www.clevelandfoundation.org/ .
  • The Cleveland Clinic Foundation. "About Us." http://www.clevelandclinic.org/ .
  • Case Western Reserve University. "About Us." http://case.edu/ .
  • Cleveland State University. "About Us." http://www.csuohio.edu/ .
  • Woodrow Wilson National Fellowship Foundation. "About Us." http://www.woodrow.org/ .
  • Apollo's Fire: The Cleveland Baroque Orchestra. "About Us." http://www.apollosfire.org/ .
  • Cleveland Film Society. "About Us." http://www.clevelandfilmsociety.org/ .
  • Cleveland Public Art. "About Us." http://www.clevelandpublicart.org/ .
  • Great Lakes Theater Festival. "About Us." http://www.greatlakestheater.org/ .
  • Museum of Contemporary Art Cleveland. "About Us." http://www.mocacleveland.org/ .
  • Young Audiences of Greater Cleveland. "About Us." http://www.yagc.org/ .