The Young Philanthropist Fund is foregoing its typical grant cycle for 2020 and is instead contributing their available grantmaking dollars, totaling a little over $5,000, to the Mahoning Valley Community Response Fund. The G.I.V.E.S. Committee of the Mahoning Valley Young Professionals makes grantmaking decisions for the Young Philanthropist Fund.
“We greatly appreciate all of the time our grantees put into applying to the Young Philanthropist Fund,” said Bob Gratz, chair of the G.I.V.E.S. Committee. “But given the drastic changes that COVID-19 has caused, we felt it made more sense to pool our limited grantmaking dollars with those from other Community Foundation funds and local donors.”
By collaborating on the Response Fund, the Young Philanthropist Fund’s dollars will impact the most pressing needs in relation to the virus’ effects and will be leveraged with other contributions to strengthen the regional response to COVID-19.
Each year, the 25 Under 35 Awards event raises money for the Young Philanthropist Fund, helping to build the endowment and increase its ability to make grants. Traditionally, grants are awarded to area nonprofits while involving future community leaders in the philanthropic process through education, mentoring and decision making.
The G.I.V.E.S. Committee expects to return to their traditional grant process in 2021 but urges potential applicants to visit the Young Philanthropist Fund page for future updates.
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.