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2018 Annual Report “The Horizon Leans Forward, Offering You Space to Place New Steps of Change.” –Maya Angelou

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2018 Annual Report “The Horizon Leans Forward, Offering You Space to Place New Steps of Change.” –Maya Angelou ward r to the ge to g in rk o w s r e d n u f + 0 4 An Extraordinary o i Tomorrow h O t s a e h Together t r o N n i y it n tu or pp O th & Grow Fund for Our Economic Future 2018 Annual Report “The horizon leans forward, offering you space to place new steps of change.” –Maya Angelou 2 Who We Are 4 Fund Facts 5 Members 6 Leadership 7 Staff 8 2018 Highlights 9 The Two Tomorrows 10 Network in Action 12 Job Creation 14 Job Preparation 16 Job Access 18 2016-2018 Recap 20 A snapshot of the outcomes of our 2016-2018 work Table of Contents of Table Over the Horizon 22 Introduction to 2019-2021 priorities and strategies 3 We Choose Extraordinary Dear Friends, and acknowledged we were nowhere near our potential. How can we In 2018, the Fund for Our Economic Future put a stake in the ground expect others to choose extraordinary if we do not do so ourselves? with the release of The Two Tomorrows—a candid assessment of how the Northeast Ohio economy is doing [Read: we need more growth and Throughout 2018, we came together and deliberated over how we can we are leaving too many people behind], and a call for our community challenge ourselves to reach higher. Our 2019-2021 strategic direction to choose a more extraordinary tomorrow. In the report, we proposed (turn to page 22 to learn more!) uses The Two Tomorrows as a guide; 10 regional priorities to improve job creation, job preparation and job we’ve identified the issues we must champion and the ways we can add access that will lead to Growth & Opportunity. the most value. The release of The Two Tomorrows came at the right time for our region. We hope as you read through this annual report—our accounting of our Civic leaders in all corners of Northeast Ohio—from Lorain to the accomplishments in 2018 and over the last three years cumulatively— Mahoning Valley, from Canton to Cleveland, from Wooster to Akron— that our earnest commitment to the region and to achieving Growth & are asking tough questions and considering what these priorities mean Opportunity is made clear. We are thrilled to be embarking on an agenda in 2019-2021 that will help us more emphatically walk the talk and deliver on for their communities. There is an increased awareness and energy Won’t you join us?* around the principles of Growth & Opportunity our vision of a more extraordinary tomorrow, together. How can we expect and a growing understanding around the need Ever onward, others to choose for interconnected strategies that advance extraordinary not just job creation, but also job preparation and job access. We have partners in many if we do not do so communities who’ve adopted our vision ourselves? for Northeast Ohio’s future: a continuously Mark Samolczyk Brad Whitehead regenerating economy creating good jobs and CHAIR PRESIDENT rising incomes for everyone. President and CEO, Stark Community Foundation The release of The Two Tomorrows also came at the right time for us, as we wrapped up our fifth three-year strategic phase and began planning *Our ability to achieve a more extraordinary for another three years to bring Growth & Opportunity to Northeast Northeast Ohio relies on the strength of our collaborative. Ohio. The 40+ funders that make up our collaborative spent time Want to know more about how you or your reflecting on what has and has not worked in our 15 years of existence organization can contribute to our decision making and how we can be a resource for shared learning and leadership? Contact Director of Communications Sara McCarthy at 4 [email protected]. Our Growth & Opportunity Frame Fund Facts Founded: Our long-term vision is a Northeast creation, job preparation and job access 2004 Ohio where a robust, growing economy strategies. Evidence demonstrates that Mission: offers good jobs, residents experience people of color experience inequitable Long-term rising incomes, and the ability to access access to economic opportunity. This is The Fund for Our Economic Future vision: opportunity is not defined by race or ZIP a real and growing threat to our region’s is an alliance of funders dedicated to advancing economic growth and A continuously code. In short, a Northeast Ohio that economic competitiveness. Therefore, equitable access to opportunity for the regenerating achieves both Growth & Opportunity. To deliberate attention to race-based people of Northeast Ohio by advancing economy creating do this, we need purposeful, systemic inequities must be embedded in all of a shared regional agenda, empowering good jobs and solutions that prioritize and integrate job these strategies. a leadership network, and marshalling rising incomes Through all strategic funding. for everyone. of these Fund voting members: Through the Fund, members: strategies, • Contribute a minimum of $100,000 over three years • Advance their own there must be • Devote time and missions more efficiently expertise to advancing and effectively deliberate the Fund’s mission • Leverage their resources, • Serve as leaders on issues both human and financial attention to of Growth & Opportunity in • Enhance their knowledge, their local communities skills and networks race-based • Promote shared understanding and inequities and 2016 adoption of Growth & Opportunity principles • Advance a shared regional economic the barriers to competitiveness agenda 2018 • Shape and support specific initiatives to opportunity objectives: improve job creation, job preparation and job access they create and exacerbate. 5 An Extraordinary Alliance 2016 - 2018 Voting Members Abington Foundation Elizabeth Ring Mather and NEOMED (Northeast Ohio Medical University) Akron Community Foundation William Gwinn Mather Fund The Raymond John Wean Foundation Brad and Amy Whitehead ESP Charitable Ventures LLC Reinberger Foundation Briggs Family Funds FirstEnergy Corporation Saint Luke’s Foundation The Bruening Foundation Fred A. Lennon Charitable Trust Sisters of Charity Foundation of Canton Burton D. Morgan Foundation GAR Foundation Sisters of Charity Foundation of Cleveland Case Western Reserve University The George Gund Foundation Stark Community Foundation Cleveland Neighborhood Progress The George W. Codrington Charitable Foundation Third Federal Foundation Community Foundation of Lorain County John Huntington Fund for Education Trumbull 100 Community Foundation of the Mahoning Valley Katherine and Lee Chilcote Foundation The Youngstown Foundation COSE/Greater Cleveland Partnership Kent H. Smith Charitable Trust Wayne Growth Partnership Cuyahoga Community College Kent State University Foundation Westfield Insurance Foundation Cuyahoga County Lorain County Community College Foundation Deaconess Foundation McGregor Foundation Contributors and Donors Other funders who supported our work in 2016 - 2018 David Abbott Robert W. Briggs Fund of the Frederick W. and Janet P. Dorn Foundation Akron Community Foundation The Catherine L. & Edward A. Lozick Foundation Hollington Family Fund The Rockefeller Foundation JPMorgan Chase Foundation Meisel Family Foundation Sears-Swetland Family Foundation The Lozick Family Foundation Robert and Sarah Jaquay Thomas and Shirley Waltermire 6 2018 Leadership An Executive Committee, comprised of elected officers, standing committee chairs, initiative leaders, at-large members, and large funders, oversees the implementation of our strategy and the activities of Fund staff. Officers Additional Executive Committee Members MARK SAMOLCZYK DAVID ABBOTT CHRISTINE MAYER Chair The George Gund Foundation GAR Foundation Stark Community MARCIA BALLINGER SUZANNE RIVERA, PH.D. Foundation Lorain County Community College Case Western Reserve University WILLIAM H. GARY, SR. Vice Chair JANI GROZA WILLIAM R. SEELBACH Cuyahoga Community Westfield Insurance Foundation The George W. Codrington Charitable Foundation College SHARI HARRELL KIRSTIN TOTH ANNE GOODMAN Community Foundation of the Vice Chair Mahoning Valley GAR Foundation DEBORAH D. HOOVER DEBORAH VESY Saint Luke’s Foundation Burton D. Morgan Foundation Deaconess Foundation ROBERT JAQUAY WILLIAM LAPLACE Treasurer The George Gund Foundation Kent H. Smith Charitable Trust ADAM BRIGGS Secretary Briggs Family Funds 7 Support & Expertise Fund Staff Brad Whitehead Bradford Davy Sara McCarthy Carolyn Cleveland PRESIDENT DIRECTOR OF REGIONAL ENGAGEMENT DIRECTOR OF COMMUNICATIONS MANAGER OF OPERATIONS Bethia Burke Dominic Mathew Janine Spadafore Kaiser Lisa Fuentes VICE PRESIDENT DIRECTOR OF MOBILITY INNOVATION DIRECTOR OF JOB PREPARATION MANAGER OF FINANCE 8 2018 Highlights 9 The Two Tomorrows “Being average is a choice. So is being extraordinary.” So begins The Two Tomorrows. Released in 2018, this Disparities in economic outcomes are equally stark. Black Northeast seminal report is meant to be a starting point for a Ohioans earn $1,500 less per month, on average, than white Northeast broader community discussion, a call for collective Ohioans and are 8.2 percentage points more likely to be unemployed. action toward a more extraordinary tomorrow. Facing systemic racial exclusion In it, we provide a candid assessment of Northeast Ohio’s economy, The challenges transcend person- and company-specific attitudes recommend 10 priorities to advance the region, and suggest metrics and actions. Valiant efforts to reduce racial disparities continue to to track inclusive economic growth. (The most recent figures tracking be undercut by long-standing, institutional practices. As part of our Northeast Ohio’s performance on a set of eight key indicators are strategy going forward, we’re calling for the region to
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