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News & Events

News & Event

Weathering the Economic Storm

In 2009, the greatest economic crisis since the Great Depressionof 1929 shook Greater Cincinnati and Northern Kentucky. Greater Cincinnati Foundation took swift—and decisive—action.

AT THE START OF 2009, THE GREAT RECESSION HIT HARD

• 95%: the increase in individuals filing for unemployment in Ohio 
• 88%: the increase in individuals filing for unemployment in Kentucky
• 40%: the increase in requests for heat assistance money
• 35%: the number of first-time food assistance applicants  

GREATER CINCINNATI FOUNDATION TOOK THE LEAD


• Convened local funders and nonprofits to identify urgent needs
• Created “Weathering the Economic Storm” fund for which funders - suspended normal application processes and procedures  

THE IMPACT AMPLIFIED INVESTMENTS FROM 2009-2011


• 26 funders joined the collective fund focused on strategic awards
• $4.5 million in grants awarded to 127 nonprofit organizations
• 95,000 children, adults and seniors impacted
• Leveraged $99,000 of additional funding to support grant writing, which resulted in $5.5 million in federal and state funds to the region


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720 E. Pete Rose Way,
Suite 120
Cincinnati, OH 45202
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