Cleveland Foundation

The Cleveland Foundation, established in 1914, is the world's first community foundation and ranks as the third-largest in the United States, managing assets of $1.8 billion. As a non-profit organization based in Greater Cleveland, it is dedicated to enhancing the quality of life for local residents. The foundation collaborates with donors, community members, and various partners to improve neighborhoods and public spaces. Its investment portfolio is diversified across multiple asset classes, including short-term investments, U.S. government obligations, bonds, stocks, mutual funds, and alternative investments. Through its initiatives and investments, the Cleveland Foundation aims to foster community development and address pressing local needs.

Anthony Gattuso

Director, Investments and Treasury

Rosanne Potter

Senior Vice President and Chief Financial Officer

Ronald Richard

President and Chief Executive Officer

14 past transactions

Leading Ladies

Grant in 2022
Leading Ladies is a non-profit 501 C empowerment group. Leading Ladies with the primary focuses of self-esteem, civility and service has been a recognized organization in Cleveland Heights and the Greater Cleveland area.
Greater Cleveland Urban Film Festival is a non-profit 501(c)(3) corporation dedicated to celebration, preservation, promotion and advancement of African American arts, culture and cinema.
Mojuba! Dance Collective promotes cultural awareness, collective wellness, and the restoration of community.
Greater Cleveland Association of Black Journalists provides support, inspiration, fellowship and opportunities for journalists of color.
Strengthening Our Students enrich the lives of children and families through innovative, educational and life skill programs.
Little Giants Youth Fitness Academy is a path to a healthier future.
Greater Cleveland Neighborhood Centers Association helps to plan, coordinate and budget the work of neighborhood centers. They adapt it services to meet the evolving needs of the individuals and families it serves.

ABC Read

Grant in 2022
ABC Read is a 501(c)(3) organization that gives books, supplies and healthy snacks to the people in the community.
National Basketball Retired Players Association is a non-profit association comprised of former professional basketball players of the NBA, ABA, WNBA, and Harlem Globetrotters.

Daughters of Hadassah House

Grant in 2022
Daughters of Hadassah House operates as a non-profit charitable organization.
Youth Empowering Society is an innovative, creative, and cutting edge 501(c)(3) nonprofit organization that exists to organize, primarily through the vehicles of educational programs and housing services, a positive, enriching environment contributing to an improved quality of life for our underserved communities.
The Legal Aid Society of Cleveland is a legal aid society in Cleveland, Ohio established in 1905. It helped pioneer a nationwide legal aid movement whose leaders held to a simple but profound principle: that rich and poor alike are entitled to equal treatment under the law.

Karamu House

Grant in 2019
Karamu House stands tall in our nation’s history as an inclusive institution that served as a common ground for Clevelanders of different races, religions, and social and economic backgrounds, as well as a trusted community resource for local families.

Holmes Mouthwatering

Pre Seed Round in 2017
Holmes Mouthwatering is a Cleveland, Ohio-based manufacturer and seller of premium applesauce and real-fruit products. The company focuses on producing natural applesauce made from locally sourced ingredients, including regionally sourced apples, pears, and apple cider. Their products are designed to be nutritious, packed with vitamins and calcium, and provide consumers with freshly produced fruit snacks. Holmes Mouthwatering aims to support healthier food choices, helping individuals reach their potential through better nutrition.