Cleveland Foundation Quick Facts

Contact Information

The Cleveland Foundation
1422 Euclid Ave.
Suite 1300
Cleveland, OH 44115

Main number: 216-861-3810

Mission

The mission of the Cleveland Foundation is to enhance the lives of all residents of Greater Cleveland, now and for generations to come, by building community endowment, addressing needs through grantmaking and providing leadership on key community issues.

Stewardship

• Total assets at year-end (2010): $1.9 billion
• Total return on endowment investments in 2010: 13.9%
• Grants authorized in 2010: 2,848 grants
• Value of grants authorized in 2010: $86.5 million
• New gifts received in 2010: $44.6 million
• Operating expenses in 2010: $13 million
• Number of employees: 69
• IRS E.I. number: 34-0714588

Endowment

Total assets:

• 2001: $1.49 billion
• 2002: $1.31 billion
• 2003: $1.52 billion
• 2004: $1.63 billion
• 2005: $1.71 billion
• 2006: $1.89 billion
• 2007: $2.18 billion
• 2008: $1.62 billion
• 2009: $1.8 billion
• 2010: $1.9 billion

Grantmaking

The foundation awards most grants to 501(c)(3) nonprofit organizations that support Greater Cleveland projects and programs that benefit citizens, meet community needs and test new ideas. The foundation does not make grants to individuals, for-profit organizations, endowment campaigns, annual fundraising or membership drives. Types of support include:

• Program development
• Research
• Seed money
• Consulting services
• Matching/challenge support
• Program-related investments/loans
• Scholarship funds
• Technical assistance
• Capital campaigns 

Philanthropy

The Cleveland Foundation would not exist today were it not for the extraordinary generosity and vision of our donors. The foundation offers numerous creative and rewarding ways to donate to the community, some with significant tax advantages. We encourage prospective donors to contact either the foundation directly or a professional advisor to learn more about philanthropic opportunities.

Leadership

The true measure of the foundation's worth is not the size of our endowment, how much we receive in gifts or the dollar value of our grants. Rather, the measure of our worth is the leadership role we play and the impact we have in the communities we serve, as a grantmaker, convener and facilitator.

Diversity

The Cleveland Foundation is committed to diversity and inclusion in everything that we do. From our grantmaking to our donors to our staff, we strive to hear all voices and be fair and representative in all areas of our operations. Our Statement on Diversity reflects our commitment to keeping diversity at the forefront.

Officers

• Ronald B. Richard 
  President & CEO
• Robert E. Eckardt
  Executive Vice President
• Kate A. Asbeck
  Senior Vice President and Chief Financial Officer
• Caprice H. Bragg 
  Senior Vice President for Gift Planning and Donor Relations
• Leslie A. Dunford 
  Vice President for Corporate Governance and Administration
• Cynthia V. Schulz
  Director of Public Affairs and Strategy

 Board of Directors

• Charles P. Bolton, Chairman  
  Partner and chairman, Brittany Stamping
• Frank C. Sullivan, Vice Chair
  Chairman and CEO, RPM International
• Inajo Davis Chappell
  Partner, Ulmer & Berne
• Paul J. Dolan
  President, Cleveland Indians
• David Goldberg
  Principal, Edgerton Investment
• Joseph P. Keithley 
  Former chairman, president and CEO, Keithley Instruments
• Frederick R. Nance 
  Managing partner, Cleveland office, Squire, Sanders & Dempsey
• Sandra Pianalto 
  President and CEO, Federal Reserve Bank of Cleveland
• Dr. Maria Jose Pujana 
  Clinical neurologist and neurophysiologist, Case Western Reserve University
• Beth Oldenburg Rankin
  Civic volunteer
• James A Ratner 
  Chairman and CEO, Forest City Commercial Group
• Alayne Reitman
  Civic volunteer
• Rev. Dr. Stephen Rowan
  Senior pastor, Bethany Baptist Church
• Rev. Hilton O. Smith 
  Senior vice president, Turner Construction Company
• Ratanjit S. Sondhe
  Founder and president, POLY-CARB Inc.

 Bank Trustees

• FirstMerit Bank, N.A.
• The Huntington National Bank
• JPMorgan Chase Bank
• KeyBank
• National City Bank