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Community Development : Community Foundations

The Cleveland Foundation

Enhancing the quality of life in Greater Cleveland

95.23

1422 Euclid Avenue Suite 1300
Cleveland, OH 44115
tel: (216) 861-3810   Web Site
EIN: 34-0714588

Board Leadership
Sally Gries
Chairperson

CEO
Ronald B. Richard
President

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 95.23
  Financial 94.57
  Accountability & Transparency 96.00
This rating was published 06/01/2021 and includes data from FY2019, the most recent 990 received at that time.

Established in 1914, the Cleveland Foundation is the world's first community foundation and the nation's third-largest today, with assets of $1.6 billion and annual grants nearing $85 million. The foundation improves the lives of Greater Clevelanders now and for generations to come by building community endowment, addressing needs through grantmaking, and providing leadership on vital issues. Our mission is to enhance the lives of all residents of Greater Cleveland, now and for generations to come, by building community endowment, addressing needs through grant making and providing leadership on key community issues.

Established in 1914, the Cleveland Foundation is the world's first community foundation and the nation's third-largest today, with assets of $1.6 billion and annual grants nearing $85 million. The foundation improves the lives of Greater Clevelanders now and for generations to come by building community endowment, addressing needs through grantmaking, and providing leadership on vital issues. Our mission is to enhance the lives of all residents of Greater Cleveland, now and for generations to come, by building community endowment, addressing needs through grant making and providing leadership on key community issues.

Financial

94.57

Accountability & Transparency

96.00

This rating was published 06/01/2021 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
90.2%
  Administrative Expenses 5.9%
  Fundraising Expenses 3.7%
  Fundraising Efficiency $0.06
  Working Capital Ratio (years) 7.27
  Program Expenses Growth 20.7%
  Liabilities to Assets 9.5%
All data for Financial Performance Metrics calculations was provided by The Cleveland Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by The Cleveland Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
The Cleveland Foundation (OH) 95.23
Capital Region Community Foundation (MI) 96.18
The Community Foundation of Louisville (KY) 96.91
The Winston-Salem Foundation (NC) 100.00
Stanislaus Community Foundation (CA) 90.10

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $77,458,483
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $705,132
   Government Grants $0
Total Contributions $78,163,615
   Program Service Revenue $267,933
Total Primary Revenue $78,431,548
   Other Revenue $41,578,219
TOTAL REVENUE $120,009,767
   
EXPENSES  
   Program Expenses $162,221,195
   Administrative Expenses $8,671,244
   Fundraising Expenses $5,289,850
TOTAL FUNCTIONAL EXPENSES $176,182,289
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-56,172,522
   
Net Assets $2,049,649,541

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Grant Distribution $162,221,195 100.0%

Ratings History
The Cleveland Foundation has received 6 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-12 06/01/2021 95.23
2018-12 04/01/2020 93.51
2017-12 07/01/2019 92.20
2016-12 07/01/2018 91.70
2015-12 09/01/2017 94.19
2014-12 06/01/2016 94.59
 
CN 2.0
2013-12 07/01/2015 83.18
2012-12 04/01/2014 87.36
2011-12 04/01/2013 94.03
2010-12 04/01/2012 96.21
2009-12 09/20/2011 95.45
 
CN 1.0
2009-12 06/01/2011 91.97
2008-12 07/01/2010 94.18
2007-12 05/01/2009 83.32
2006-12 07/01/2008 77.61
2005-12 05/01/2007 73.95
2004-12 05/01/2006 77.72
2003-12 04/01/2005 83.64
2002-12 05/01/2004 82.38
2001-12 02/05/2003 87.85

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 34-0714588
Name in IRS Master File CLEVELAND FOUNDATION
NTEE Code T31
NTEE Classification Community Foundations
NTEE Type Philanthropy, Voluntarism and Grantmaking Foundations
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (602) Gifts, grants, or loans to other organizations
(59) Other school related activities
(922) Endowment fund or financial services
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date February, 1945
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$673,070 0.38% Ronald B. Richard President & CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
The Cleveland Foundation (OH) 95.23
Golden Belt Community Foundation (KS) 89.84
The Community Foundation for Northeast Florida (FL) 96.59
Miami Foundation (FL) 96.62
Erie Community Foundation (PA) 99.45

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Charity Contact Info

The Cleveland Foundation
1422 Euclid Avenue
Suite 1300
Cleveland, OH 44115
tel: (216) 861-3810
fax: (216) 861-1729
EIN: 34-0714588

Visit Web Site

Board Leadership

Sally Gries
Chairperson

CEO

Ronald B. Richard
President

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