The George Gund Foundation joined with other Northeast Ohio philanthropic organizations in renewing its support for the Fund for Our Economic Future, an unprecedented collaboration designed to encourage and create a shared economic transformation agenda for the region.
Foundation Trustees made an initial three-year $3 million grant to the Fund when it was launched in 2004 and approved an additional $3.1 million three-year grant at its June 2006 meeting.
More than 80 philanthropic organizations have contributed in excess of $35 million to the Fund which has made more than $20 million in grants to further its objectives. The Fund has focused on three key initiatives:
- Grantmaking to support competitiveness among established employers, high growth in new industry clusters and accelerated entrepreneurship and business formation.
- Measuring the economy through creation of projects that will track the regionís progress and public perceptions of the region and its economy.
- Engaging the public in Voices & Choices, an effort to involve citizens in shaping a shared action agenda.
The Fund’s website is futurefundneo.org.