The Akron Community Foundation had a good reason to celebrate the end of its fiscal year: Two new records.
The first milestone was the collection of $10.1 million in donations. That's quadruple the amount of revenue from the year before, according to John Petures, president of the foundation. $5 million came from a single donor when Medical Mutual of Ohio agreed to the commitment. None of it surprises Petures.
"Most often, and in times when the economy and when times are at their darkest, there's this unique thing that happens in America, where people dig deeper and give back," said Petures.
Petures says the other significant result of last year's campaign was the establishment of 40 new funds. He says funds are established to match the request of the donors, so the more funds that exist, the greater diversity of grant recipients.
"Whether it's helping kids, whether it's health care, whether it's environmental causes, whether it's arts and culture, whether it's basic human needs like doing things to assist with the food bank," said Petures.
Akron Community Foundation assets have surpassed $140 million.