Overview
What is The Cleveland Foundation?
The Cleveland Foundation is a grant-making organization based in Cleveland, Ohio. With approximately 107 employees, they dedicate their efforts to enhancing the lives of Greater Cleveland residents both now and in future generations. Through collaborative work with donors, they build community endowment and address pressing needs through grantmaking. In 2022, around half of their grants were allocated to strategic initiatives and community responsive requests, focusing on vital areas like human services, education, neighborhoods, housing, health, arts and culture, environment, philanthropic sector, and economic development. The other half of the grants were directed by donors to various trusts and funds, furthering the foundation's charitable purposes and benefiting other charitable organizations. Notable initiatives include The Cleveland Black Futures Fund, Friends of The Bail Project, and The Greater Cleveland Digital Equity Fund.
Official website here: www.clevelandfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Stars)
The Cleveland Foundation has received a remarkable Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial transparency. The organization scored 99% overall, with its entire score derived from an impressive Accountability & Finance assessment. This highlights the foundation's effective governance and financial practices.
Key strengths include a fully independent board and robust financial oversight processes. The foundation has demonstrated excellence in various areas such as maintaining a conflict of interest policy, whistleblower protections, and thorough documentation of board activities. Additionally, the high program expense ratio of 89.31% signifies that a significant portion of their resources is directed towards fulfilling their mission.
While the Cleveland Foundation excels in many aspects, one noted limitation is the absence of a publicly posted donor privacy policy. Despite this, their strong financial health and operational practices position them as a trustworthy organization dedicated to serving their community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is The Cleveland Foundation legitimate?
The Cleveland Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Cleveland Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,493,311
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,429,523
For more financial information, click here
Official website here: www.clevelandfoundation.org
What is the mission statement of The Cleveland Foundation?
The Cleveland Foundation strives to improve the lives of all residents in the community, now and for future generations. It achieves this by collaborating with donors to establish a community endowment, addressing essential needs through grantmaking, and providing leadership on key community issues. In 2022, approximately half of the grants were directed by the board towards strategic initiatives and community responsive requests, focusing on vital areas such as arts and culture, economic development, education, environment, health, neighborhoods, and youth and human services. The other half of the grants were donor-designated to various trusts and funds, supporting charitable purposes that align with the foundation's mission. Notable programs include the Cleveland Black Futures Fund, Friends of the Bail Project, and the Greater Cleveland Digital Equity Fund. The largest areas of grantmaking were human services (23%), education and scholarship (20%), neighborhoods and housing (11%), health (16%), arts and culture (12%), environment (4%), philanthropic sector (12%), and economic development (2%).
Official website here: www.clevelandfoundation.org
Who is the CEO of The Cleveland Foundation?
Lillian Kuri is the Executive Vice President & Coo of The Cleveland Foundation. The CEO's salary of The Cleveland Foundation is $746,199 and their total compensation is $814,960.
Official website here: www.clevelandfoundation.org
What is the revenue of The Cleveland Foundation?
The Cleveland Foundation's revenue in 2022 was $234,720,202.
Official website here: www.clevelandfoundation.org
Who are the executives of The Cleveland Foundation and what are their salaries?
The average compensation at The Cleveland Foundation during 2022 was $92,737. There are 107 employees and 90 volunteers at The Cleveland Foundation.
Here are 37 key members and their salaries (The Cleveland Foundation's CEO's salary is $746,199 and their total compensation is $814,960):
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- Compensation: $746,199
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- Other: $68,761
- Compensation: $347,277
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- Compensation: $112,983
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- Compensation: $217,386
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- Other: $30,804
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- Other: $39,380
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- Other: $46,636
- Compensation: $165,143
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- Other: $45,105
Official website here: www.clevelandfoundation.org
Where can I find the form 990 for The Cleveland Foundation?
The Cleveland Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.clevelandfoundation.org
Learn more at the official website: www.clevelandfoundation.org
Mission Statement of The Cleveland Foundation
The Cleveland Foundation, a leading grantmaking organization, is dedicated to enhancing the lives of all residents in Greater Cleveland, now and for generations to come. By collaborating with donors, the Foundation builds community endowment, addresses pressing needs through grantmaking, and provides leadership on critical community issues.
Approximately half of the grants authorized by the Board in 2022 were directed towards strategic initiatives and community responsive requests, focusing on essential needs in Greater Cleveland and emerging charitable requirements. Program areas include Arts and Culture, Economic Development, Education, Environment, Health, Neighborhoods, and Youth & Human Services. Additionally, the Foundation supports initiatives in Leadership Development, Digital Excellence, Racial Equity & Justice, and Democracy & Access to Information.
The other half of the grants authorized by the Board in 2022 were designated or advised by donors to The Cleveland Foundation in various trusts, designated funds, donor advised funds, or supporting organizations. These grants further the charitable purposes of the Foundation and benefit other charitable organizations and programs for the advantage of the Foundation and its charitable objectives. Important programs of the Foundation include The Cleveland Black Futures Fund, Friends of The Bail Project, and The Greater Cleveland Digital Equity Fund.
In summary, The Cleveland Foundation is a dynamic organization committed to improving the lives of Greater Cleveland's residents by working together with donors, addressing community needs, and providing leadership on key issues. Their grantmaking efforts span various sectors such as Arts and Culture, Economic Development, Education, Environment, Health, Neighborhoods, and Youth & Human Services, as well as Leadership Development, Digital Excellence, Racial Equity & Justice, and Democracy & Access to Information.
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Impact
October, 2024
The Cleveland Foundation significantly enhances the lives of Greater Cleveland residents through targeted grantmaking and strategic initiatives. In 2022, approximately half of the grants were directed toward addressing critical community needs and supporting emerging charitable requests. These efforts focus on vital areas such as human services, education, neighborhoods, health, arts and culture, environment, and economic development.
By fostering a collaborative approach with donors, the foundation builds community endowment, ensuring resources are available for ongoing community needs. Specialized initiatives, including the Cleveland Black Futures Fund and the Greater Cleveland Digital Equity Fund, reflect a commitment to leadership development, racial equity, and access to information. This comprehensive impact is part of a long-term strategy to empower the community, ensuring that the benefits of philanthropy are felt both now and for generations to come.
This information is meant to be a general summary of The Cleveland Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $75,346,645
- Program Service Revenue: $403,370
- Gross Receipts: $921,753,041
Assets and Liabilities:
- Total Assets: $2,479,675,814
- Total Liabilities: $320,476,773
- Net Assets: $2,159,199,041
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM-RELATED INVESTMENTS
Revenue
$403,370
Organization Details
Founding Year
1914
Phone
(216) 861-3810Principal Officer
Lillian Kuri
Main Address
6601 EUCLID AVENUE, CLEVELAND, OH, 44103
Website
www.clevelandfoundation.orgNTEE Category
Code: T310 - Philanthropy
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