The Burton D. Morgan Foundation has awarded more than $1.7 million since June to nonprofit groups in Northeast Ohio.
Growth Opportunity Partners topped the list with a $1 million grant to create a fund over three years that “aims to foster equitable economic growth in underserved Ohio communities by offering credit enhancement through cash collateral loan guarantees.”
The foundation also awarded grants to the following benefit entrepreneurs:
● Downtown Akron Partnership: $20,000 to support the Start Downtown program.
● Ideastream Public Media: $70,000 to support regional business storytelling efforts.
● University of Akron Research Foundation: $50,000 to support the STRIDE Accelerator.
Supporting young entrepreneurs
The foundation awarded grants to support entrepreneurial students at three Northeast Ohio campuses: Youngstown State University ($20,000), Lakeland College ($20,000) and Notre Dame College ($15,000).
Meanwhile, Cleveland State University received $70,000 to support entrepreneurship programming, and Northeast Ohio Medical University received $58,250 to support its NEOvations program.
Grants to support youth entrepreneurs were made to Teen Enterprise Foundation ($5,000) and Western Reserve Historical Society ($130,000).
What grants were awarded in Hudson?
Recent grants for Hudson initiatives include:
● Case-Barlow Bicentennial Farm: $1,500 for event support.
● City of Hudson: $1,200 for operating support.
● First Congregational Church of Hudson: $10,000 for operating support.
● Hudson City School District: $15,000 to support high school clubs.
● Hudson Heritage Association: $250 for a preservationist membership.
● Hudson Farmers Market: $5,000 for operating support.
● Hudson Job Search: $7,500 for operating support.
● Hudson Rotary Foundation: $1,000 for the scholarship fund.
● Seton Catholic School: $4,000 for the Habits of the Heart youth philanthropy program.
● Western Reserve Academy: $4,000 for the student philanthropy program.
Additional funding
The foundation has also awarded one-time grants for operating support to:
● ACCESS: $25,000.
● Akron Symphony Orchestra: $25,000.
● Adaptive Sports Program of Ohio: $25,000.
● Chair-ity: $12,500.
● Gendersphere: $12,500.
● Grace House Akron: $25,000.
● Rose’s Rescue: $25,000.
● The Refugee Response: $25,000.
● Western Reserve Land Conservancy: $25,000.
The Morgan Foundation also gave a $20,000 grant to Hawaii Community Foundation for the Maui Strong Fund in response to the devastating wildfires in 2023.
Philanthropist Burt Morgan established the foundation in 1967. Its mission is to champion the entrepreneurial spirit, contribute to a robust entrepreneurial ecosystem and serve as a leader in the field of entrepreneurship education.
For more information, visit www.bdmorganfdn.org.
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