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Toledo Community Foundation

Toledo Community Foundation Annual Report Released; Celebrates 2018 Success

Published on 07/10/2019 by Joanne M Olnhausen

TOLEDO, OHIO, July 10, 2019 – Toledo Community Foundation released its 2018 Annual Report this week, and highlighted its 45th Anniversary Year which includes a record amount of grants paid in a single year.

Forty-five years of inspired giving has resulted in the awarding of grants and scholarships of more than $233 million to nonprofit organizations in our region and beyond. In 2018, Toledo Community Foundation awarded more than $16.1 million in grants and scholarships (the most grants awarded by the Foundation in a single year) and received nearly $20 million in donations.

In 2018, the Foundation awarded 3,015 grants totaling $16,138,401 to 1,013 different nonprofit organizations including support for Health & Human Services (33%), Education (26%), Arts & Culture (9%), Animal Welfare (7%), Religious Organizations (7%), Environment/Conservation (5%) and Economic Development (1%). This is double the amount of grants Toledo Community Foundation awarded just nine years ago.

Keith Burwell, president of Toledo Community Foundation, reflecting on this successful year, adds “we need to keep our focus on tomorrow, on building a resource that will meet changing community needs long after we’re gone. We are truly blessed that, over these past 45 years, hundreds of dedicated people including staff, board and volunteer committee members have provided for the future of the Toledo Region by guiding fiscally responsible fund management, visionary community leadership and knowledge of community to make a difference in the lives of others.”

Keith continued, “If it weren’t for the hundreds of funds created by generous citizens in our region, not billionaires-but citizens just like you and me, we would not be able to support the agencies and nonprofits that impact individuals throughout our region. We are thankful, indeed, for everyone’s efforts.”

Surging interest in donor advised funds and awareness of the Foundation’s 45th Anniversary in 2018 are fueling the growth, Keith said. Donor advised funds attract interest from people interested in charitable giving, especially in the last couple of years. Donors – from everyday individuals to families and businesses – give assets, including stocks and real estate, to the Foundation. They get the immediate tax break and then work with the Foundation to make recommendations on how to distribute those funds to charity over time.

Toledo Community Foundation currently manages more than 860 charitable funds. It vets nonprofits and helps donors identify community needs. Anyone can be a philanthropist and be a part of the Foundation’s efforts. Contact one of our Philanthropic Services Officers at 419.241.5049 to learn how you can help your community and create a legacy for you and your family at the same time.

The Foundation’s 2018 annual report, just released, is available online at http://www.toledocf.org/about-tcf/annual-report-and-financial-information/

Toledo Community Foundation, Inc. is a public charitable organization created by citizens of our community to enrich the quality of life for individuals and families in our area. In existence since 1973, the Foundation has more than 860 funds with assets of approximately $300 million. The Foundation provides philanthropic services for individuals, families, businesses and corporations to meet their charitable giving needs. For more information about Toledo Community Foundation, visit www.toledocf.org or follow us on Facebook.

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