Cleveland Foundation

Organization Overview

Cleveland Foundation is located in Cleveland, OH. The organization was established in 1945. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2019, Cleveland Foundation employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Cleveland Foundation generated $120.0m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $176.2m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Cleveland Foundation has awarded 3,680 individual grants totaling $511,338,677. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

THE CLEVELAND FOUNDATION'S MISSION IS TO ENHANCE THE LIVES OF ALL RESIDENTS OF GREATER CLEVELAND, NOW AND FOR GENERATIONS TO COME, BY WORKING TOGETHER WITH OUR DONORS TO BUILD COMMUNITY ENDOWMENT, ADDRESS NEEDS THROUGH GRANTMAKING, AND PROVIDE LEADERSHIP ON KEY COMMUNITY ISSUES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CLEVELAND FOUNDATION IS A GRANTMAKING ORGANIZATION. APPROXIMATELY HALF OF THE GRANTS AUTHORIZED IN 2019 WERE DIRECTED BY THE BOARD TOWARD STRATEGIC INITIATIVES AND COMMUNITY RESPONSIVE REQUESTS THAT ADDRESS VITAL COMMUNITY NEEDS IN GREATER CLEVELAND AND TO RESPOND TO EMERGING CHARITABLE OPPORTUNITIES IN A WIDE RANGE OF CHARITABLE ORGANIZATIONS IN GREATER CLEVELAND. PROGRAM AREAS INCLUDE ARTS AND CULTURE, ECONOMIC DEVELOPMENT, EDUCATION, ENVIRONMENT, HEALTH, NEIGHBORHOODS AND YOUTH & HUMAN SERVICES. IN ADDITION, INITIATIVES INCLUDE LEADERSHIP DEVELOPMENT AND DIGITAL EXCELLENCE.THE OTHER HALF OF THE GRANTS AUTHORIZED IN 2019 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 CLEVELAND FOUNDATION AND ARE MADE TO OTHER CHARITABLE ORGANIZATIONS AND PROGRAMS FOR THE BENEFIT OF THE CLEVELAND FOUNDATION AND ITS CHARITABLE PURPOSES. MANY OF THESE GRANTS ALIGN WITH THE FOREGOING PROGRAM AREAS.IN TOTAL, THE LARGEST AREAS OF GRANTMAKING IN 2019 ARE EDUCATION AND SCHOLARSHIP (29%), YOUTH AND HUMAN SERVICES (22%), HEALTH (14%), NEIGHBORHOODS AND HOUSING (12%), ARTS AND CULTURE (10%), PHILANTHROPIC SECTOR (6%), ECONOMIC DEVELOPMENT (3%) AND ENVIRONMENT (3%).


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Monticello Associates
Investment Advisor
$508,333
Ernst & Young Llp
Audit & Tax Review Services
$175,811
Thompson Hine Llp
Legal Services
$278,885
Stellar Technology Solutions
Software License And Operation
$334,078
Inbloom Consulting Llc
Consultant-campaign Planning & Execution
$172,999
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$705,132
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$77,458,483
Noncash contributions included in lines 1a–1f $21,982,939
Total Revenue from Contributions, Gifts, Grants & Similar$78,163,615
Total Program Service Revenue$267,933
Investment income $29,557,294
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $10,802,562
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $120,009,767

Grants Awarded

Over the last fiscal year, Cleveland Foundation has awarded $150,806,160 in support to 799 organizations.

Grant RecipientAmount

SAY YES CLEVELAND SCHOLARSHIP INC

Org PageRecipient Profile

Cleveland, OH

PURPOSE: ENDOWMENT DISTRIBUTION

$51,136,872

CASE WESTERN RESERVE UNIVERSITY

Org PageRecipient Profile

Cleveland, OH

PURPOSE: COMMON APPLICATION 2016

$5,740,119

UNIVERSITY HOSPITALS CLEVELAND MEDICAL CENTER

Org PageRecipient Profile

Shaker Hts, OH

PURPOSE: DIANE STEINHILBER NURSING INNOVATION AND EDUCATION FUND

$4,346,614

CUYAHOGA COUNTY OFFICE OF EARLY CHILDHOOD

PURPOSE: PLANNING FOR ADDRESSING THE EARLY CHLDHOOD MENTAL HEALTH WORKFORCE

$2,287,654

MOUNT PLEASANT NOW DEVELOPMENT CORPORATION

Org PageRecipient Profile

Cleveland, OH

PURPOSE: REORGANIZATION OF MYCOM TO ALIGN WITH SAY YES TO EDUCATION

$2,015,500

NEIGHBORHOOD PROGRESS INC DBA CLEVELAND NEIGHBORHOOD PROGRESS

Org PageRecipient Profile

Cleveland, OH

PURPOSE: CREATING COLLINWOOD UNITED

$1,928,250
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 18 grants that Cleveland Foundation has recieved totaling $1,474,605.

Awarding OrganizationAmount
Akron Community Foundation

Akron, OH

PURPOSE: TO THE GREATER CLEVELAND COVID-19 RESPONSE FUND TO SUPPORT THE COMMUNITY IT SERVES DURING THIS TIME OF CRISIS

$505,000
Robert F Busbey Charitable Foundation Inc

Tampa, FL

PURPOSE: CHARITABLE

$405,365
Council Of Michigan Foundations Inc

Grand Haven, MI

PURPOSE: GREAT LAKES ONE WATER (GLOW) PARTNERSHIP

$200,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$53,840
Woodruff Foundation

Shaker Heights, OH

PURPOSE: FOR GREATER CLEVELAND COVID-19 RESPONSE FUND

$50,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$50,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,261,567,528
Earnings$175,212,072
Admin Expense$15,534,972
Net Contributions$28,956,683
Other Expense$4,151,442
Grants$59,302,443
Ending Balance$1,386,747,426

Peer Organizations

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