Columbus Foundation sets record year for 2007
Thursday, October 2, 2008
BY RITA PRICE
Economic storm clouds gathered most everywhere in 2007, but they didn’t rain a drop on the Columbus Foundation. The philanthropic organization took in a record $119.1 million, the second time in history that it received more than $100 million in total gifts. That allowed the foundation to distribute $110.7 million in grants, a 53 percent increase over the previous year,.
“This is a community, unlike a lot of others in America, that has really retained its sense of place,” said Doug Kridler, president and chief executive officer of the Columbus Foundation.
The foundation also surpassed $1 billion in assets last year, a feat that likely will secure — or improve — its place among the top 10 community foundations in the nation.