Grantmaking public charity · EIN 27-0606927
Fund for Our Economic Future of Northeast Ohio
Cleveland, OH
Fund for Our Economic Future of Northeast Ohio is a public charity that makes grants based in Cleveland, OH. On its Form 990 (Schedule I) for tax year 2024, it reported $4.57M in grants paid across 6 grants, with $6.08M in total assets. Its largest grants went to Team Neo, Magnet and Starting Point.
How to request funding
Its Form 990 lists the grants it made but not how it chooses recipients. Check Fund for Our Economic Future of Northeast Ohio's website or contact it to ask whether it considers requests.
How it makes and monitors grants (Schedule I, Part IV)
Monitoring use of grant funds - proposals are considered on an invitation basis. received proposals are reviewed by a combination of fund for our economic future ("fund") staff, board members, and, from time to time, invited experts. awards are approved based on the authority outlined in the fund's code of regulations, with the level of board approval required increasing with increased magnitude of the award (e.g., awards of $100,000 or more are approved by the full board). monitoring of active grants includes: regular reporting to fund staff and a committee of fund board members and/or board participants; funding release is tied to progress against stated goals; and fund members and/or fund staff serve as board observers on the boards of large grantee organizations on behalf of the fund. in special cases, the fund's board members serve as voting members of grantee organization boards on behalf of the fund. in this circumstance, these fund members do not participate in funding decisions for those organizations.
Grants as reported on its Form 990 for tax year 2024; the application guidance above is general for this type of funder. Requirements change; confirm with the organization before applying.
Mission
Dedicated to advancing economic growth and equitable access to opportunity for the people of northeast ohio.
As stated on its Form 990.
Largest grants, tax year 2024
Historical data · not a prediction| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| Team Neo | Cleveland, OH | Job Access | $150,000 |
| Magnet | Cleveland, OH | Job Preparation | $70,000 |
| Starting Point | Cleveland, OH | Job Access | $30,000 |
| Conxus Neo | Akron, OH | Job Preparation | $28,000 |
| Mcgregor Foundation | Cleveland, OH | Job Preparation | $25,000 |
| Greater Akron Chamber | Akron, OH | Job Preparation | $17,500 |
Names and purposes as reported to the IRS.
Where its grants went
Quick answers
Does Fund for Our Economic Future of Northeast Ohio accept grant applications?
Its Form 990 lists the grants it made but not how it chooses recipients. Check Fund for Our Economic Future of Northeast Ohio's website or contact it to ask whether it considers requests. Form 990 does not report an application process, so confirm with the organization.
How much does Fund for Our Economic Future of Northeast Ohio give each year?
For tax year 2024, it reported $4,570,927 in grants paid (6 grants). Giving can change from year to year.
What organizations has Fund for Our Economic Future of Northeast Ohio funded?
Its largest grants in tax year 2024 went to Team Neo (OH), $150K, Magnet (OH), $70K, Starting Point (OH), $30K, Conxus Neo (OH), $28K and Mcgregor Foundation (OH), $25K.