The Dayton Foundation Surpasses One Billion Dollars in Charitable Grants
Cumulative grants to nonprofits in Greater Dayton and beyond have been changing lives since 1921
In honor of its 100th anniversary, The Dayton Foundation proudly announced during its Centennial Celebration virtual kick-off event today that it has surpassed the one billion dollar milestone in charitable grants since inception in 1921. The Foundation is the largest grantmaker in Greater Dayton, exceeding $64 million in grants in fiscal year 2020 (July 1, 2019, to June 30, 2020) to help people help others in the region and beyond.
The $1 billion threshold for grant awards was crossed earlier this year as the Foundation continues to manage nearly 4,000 charitable funds with assets totaling $653 million as of June 30, 2020.
“This is an historic milestone in The Dayton Foundation’s history, with each grant telling a story in strengthening our vibrant community,” said Marva Cosby, chair of The Dayton Foundation’s Governing Board. “When the Foundation was established in 1921 by Dr. D. Frank Garland, John H. Patterson and the Patterson family, they envisioned creating a permanent financial resource to benefit our community in perpetuity. Their vision also included the Foundation playing a critical role in community development and leadership, which has involved convening others in key leadership initiatives focused on education, equity and diversity, downtown development and more. We’re honored to continue their legacy by having a resource the community can use in times of need and opportunity.”
According to Foundation President Michael M. Parks, CFRE, “Much good has been accomplished in our community, thanks to individuals, families and organizations that have established funds for the betterment of Greater Dayton.”
The Dayton Foundation offers a wide range of charitable fund options for individuals at every giving level, including its free Charitable Checking AccountSM Service and a first-in-the-nation private foundation alternative, Family Foundation PlusSM. Additionally, the Foundation provides comprehensive financial management and administration of all funds with quarterly statements, tax reporting, online fund access and third-party investment oversight. The Foundation adheres to the highest standards of governance with a strong commitment to transparency and accountability.
Among the over 800 community foundations in the nation, The Dayton Foundation consistently is ranked among the top 45 for new gifts, grants awarded and market value, currently 30th, 41st and 37th respectively.
“Also noteworthy is that the Foundation is second among the nation’s community foundations for the number of charitable funds under management, more than community foundations in some of our nation’s largest cities,” Parks said. “This disproportionate giving from a community our size says so much about the generosity of our region’s people.”
The Dayton Foundation”s year-long Centennial Celebration - 100 Years of Helping You Help Others - is presented by PNC, with Lead sponsor J.P. Morgan Chase & Co. and Partner sponsors Buckingham Advisors and Fifth Third Bank. Additional support provided by Supporting sponsors Bieser Greer; The Cornell/Nicholson Team of UBS Financial Services; Eubel Brady & Suttman Investment + Wealth Management; Flagel Huber Flagel; James Investment Research; Johnson Investment Counsel; Marsh & McLennan Agency, Inc.; and The Hale Group at Morgan Stanley. Media support provided by Cox First Media and Cox Media.
For more information about The Dayton Foundation and its Centennial Celebration - 100 Years of Helping You Help Others, including a video of the November 12 virtual kick-off celebration, visit www.daytonfoundation.org or follow the Foundation on Facebook, Twitter or LinkedIn.
About The Dayton Foundation
The Dayton Foundation is the regional community foundation for Greater Dayton. Since its establishment in 1921, the Foundation has helped people to help others, managing more than 3,900 charitable funds that have provided more than $970 million in grants to nonprofits locally and nationwide. More information about The Dayton Foundation is available at www.daytonfoundation.org or follow the Foundation on Facebook, Twitter or LinkedIn.^ top of page
“The Foundation is second among the nation’s community foundations for the number of charitable funds under management, more than community foundations in some of our nation’s largest cities. This disproportionate giving from a community our size says so much about the generosity of our region’s people!” – Michael M. Parks, president of The Dayton Foundation