The Community Foundation of the Mahoning Valley recently published a condensed version of its 2018 Community Report in the MidApril edition of The Business Journal. The report featured new microfunding strategies that engaged the community in grantmaking and connected smaller nonprofits to funding, along with updates on the organization’s asset growth, traditional grantmaking and the Healthy Community Partnership (HCP).
“As the Community Foundation continues growing, we want to ensure our growth and investments are effective and benefit local residents,” said Shari Harrell, CFMV president. “The microfunding events we held in 2018, along with the Healthy Community Partnership help build a pipeline from the Foundation to those we serve, and input from those efforts informs every aspect of our work in the Mahoning Valley.”
Last year, the Healthy Community Partnership’s three action teams put forth inaugural proposals for on-the-ground projects, intended to demonstrate the kind of change local residents want to see in their communities. The Foundation’s three supporting organizations committed more than $250,000 to eight of those collaborative projects, a highpoint of the Partnership’s work throughout the year. Plans to overhaul Lincoln Knolls Community Park on Youngstown’s east side and support of a Healthy Retail Food Access Coordinator Fellowship in Trumbull County were among the action team projects funded.
Other highlights of the Foundation’s work in 2018 include the following:
- CFMV awarded more than $2 million from its component funds with 37% for health and human services projects, 34% for education and 17.5% to support community well-being.
- The William Swanston Charitable Fund made grants totaling $395,818 for 18 local projects focused on the welfare of abused, neglected or at-risk children.
- The Trumbull Memorial Health Foundation disbursed $385,715 for 16 Trumbull County projects while the Western Reserve Health Foundation granted $406,972 for 13 Mahoning County projects. Funding from TMHF and WRHF aligned with the priorities identified by each county’s community health assessment.
- One of 14 new funds opened in 2018, the Arnett Family Fund was the result of an insightful estate gift from Diana R. Arnett and totals $9.5 million.
- The Community Foundation ended 2018 with a total of $65.3 million in combined assets and 134 funds and.
A full online report with lists of 2018 donors and funds held at the Foundation is available at www.cfmv.org/annual-report.
The Community Foundation of the Mahoning Valley is a leader and advocate for strategic philanthropy, partnering with donors to anchor a permanent and growing endowment and making investments in the Mahoning Valley that improve the quality of life for all residents. The Community Foundation is the only local foundation with certification from the Community Foundation National Standards Board, and its lifetime grants total more than $23.5 million.