Label
Councilman Hobbs
Title
Celebrating the Greater Toledo Community Foundation for 50 years of funding futures, collaborating, advancing and giving.
Summary
WHEREAS, the Greater Toledo Community Foundation is celebrating 50 years of funding futures; and
WHEREAS, in 1920, eleven Toledo area banks create an entity called the Toledo Community Foundation, whose purpose was, and still is, to "assist, encourage and promote the well-being of mankind and primarily of the inhabitants of the City of Toledo"; and
WHEREAS, nine of the eleven banks failed in 1930, during the Great Depression; however, the Foundation continued to move forward with its purpose and mission; and
WHEREAS, in 1972, Lucas County Common Pleas Judge John J. Connors, Jr. issues a court order that validates the Foundation's existence and leads to the establishment of the initial grantmaking endowment of the Toledo Community Foundation- the Walter E. Terhune Fund; within one year, the Toledo Community Foundation had nine funds with assets over $176,000 established, and Robert L. Knight was elected as the first director of the Toledo Community Foundation; and
WHEREAS, in October 2019, the Toledo Community Foundation introduced themselves as the Greater Toledo Community Foundation to reflect its forward moving direction; and
WHEREAS, the area's largest philanthropic institution, Greater Toledo Community Foundation, is a welcoming and inclusive organization that has engrained itself in our community through five decades of dedicated service; providing services to individuals, families, businesses, private foundations and other nonprofit organizations; and which strives to help donors make gifts to meet vital community issues; and
WHEREAS, Keith Burwell, the current and fourth president of the Foundation, was appointed in 2004; at that time, the Foundation's assets exceeded $100 million and over $5.8 million are given back to the community in the form ...
Click here for full text