New Fund Proposed for Slavic Village Community Development

The City of Cleveland is considering a new partnership with The Cleveland Foundation to support economic and community growth in the Slavic Village neighborhood. Under the proposed emergency ordinance, File No. 530-2025, the Director of Economic Development would enter into an agreement to establish the Slavic Village Neighborhood Development Fund.

What's in the file

The proposed legislation authorizes the creation of a donor-advised fund managed by The Cleveland Foundation to support local development. According to the 530-2025-A-FILE-K document, the fund is intended to distribute resources to 501(c)(3) organizations and Ohio political subdivisions for specific neighborhood purposes:

The fund's grant recommendations would be managed by a five-person Advisory Committee. The composition of this committee is outlined below:

Committee Member RoleAppointing Authority
One individualExecutive Director of Third Federal Foundation
One individualCEO of The Cleveland Foundation
One business owner/operator currently in Slavic VillageCEO of The Cleveland Foundation
Two current residents of Slavic VillageCEO of The Cleveland Foundation

The document notes that no elected officials shall be appointed to this committee. The Cleveland Foundation maintains exclusive control over the investment and management of the fund's assets.

Who may be affected

Status and timeline

April 17, 2025: The ordinance was introduced to City Council.

The legislation is currently listed as Tabled.

Residents can verify these details by reviewing the official records for File No. 530-2025 through the Cleveland City Council website.

Advisory Committee Composition
Third Federal Foundation appointee1 people
Cleveland Foundation CEO appointee1 people
Local business owner1 people
Slavic Village residents2 people

Source record

File
530-2025
Type
Emergency Ordinance
Status
Tabled
Committee
City Council
Introduced
April 16, 2025

View on Cleveland Legistar

Official documents

Sources