
Gar Foundation
Description
Gar Foundation is a private grant-making foundation based in Akron, Ohio, established in 1953 by John and Mary Garber. Its core mission is to enhance the quality of life in Summit County by supporting non-profit organizations that address critical community needs. The Foundation operates with a strategic focus on four key areas: Education, Economic and Workforce Development, Arts and Culture, and Civic and Community initiatives. It plays a vital role in fostering innovation and sustainability within the local non-profit sector, aiming to create lasting positive change.
The Foundation's commitment to education spans from early childhood learning to K-12 and higher education, supporting programs that improve educational outcomes and access. In economic and workforce development, Gar Foundation invests in initiatives that strengthen the local economy and prepare individuals for successful careers. Its support for arts and culture enriches the community's cultural landscape, while civic and community grants address broader societal challenges and promote community well-being.
Unlike venture capital firms that make equity investments, Gar Foundation primarily provides philanthropic grants to eligible non-profit organizations. These grants fund a diverse range of projects, from capacity building and program support to significant capital campaigns. For instance, in 2023 alone, Gar Foundation awarded over $8 million in grants to various non-profit organizations across its focus areas. Since its inception in 1953, the Foundation has distributed more than $190 million in grants, demonstrating a long-standing dedication to its community. The typical grant sizes vary widely, reflecting the diverse needs and scales of the projects it supports.
Investor Profile
Gar Foundation has backed more than 33 startups, with 0 new investments in the last 12 months alone. The firm has led 32 rounds, about 97% of its total and boasts 0 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Grant rounds (top funding stages).
- Majority of deals are located in United States.
- Strong thematic focus on Non Profit, Communities, Performing Arts.
- Typical check size: $5K – $1M.
Stage Focus
- Grant (100%)
Country Focus
- United States (100%)
Industry Focus
- Non Profit
- Communities
- Performing Arts
- Art
- Health Care
- Charity
- Education
- Events
- Nursing And Residential Care
- News
Frequently Asked Questions
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