The Community Foundation of Lorain County and Akron Community Foundation Recommit to the Fund
September 14, 2012
Two more Fund members have committed to the next phase of the Fund for Our Economic Future. Phase 4 of the Fund (2013-2015) will be focused on aligning goals, resources and actions with partners in the private sector to support key strategies and initiatives that will help achieve the goal of having Northeast Ohio outperform the national economy.
Since 2004,philanthropic organizations and institutions have deployed nearly $80 million through the Fund, a collaboration of organized philanthropy rooted in the belief that philanthropy can and should play a vital role in leading and sustaining efforts to build a vibrant, globally competitive Northeast Ohio. Members of the Fund collectively determine how it will invest its resources. During its present third phase, the Fund has54 voting members and has raised about $15 million. The Fund expects to raise$15 million in its fourth phase.
Members of the Fund work with partners in business, the public sector, higher education and the civic sector to create systemic change across four areas: the region’s ability to grow businesses, develop talent, be inclusive, and help local governments more efficiently and effectively govern. These four priority areas are empirically grounded in economic research, as well as through broad-based civic engagement.