Wayne County Community Foundation will Establish the Stanley C. Gault Philanthropic Leadership Fund with $500,000 Grant
Burton D. Morgan Foundation recently made a grant of $500,000 to Wayne County Community Foundation to establish the Stanley C. Gault Philanthropic Leadership Fund. This permanent endowment Fund will generate grants to non-profit agencies whose work supports the well-being of citizens of Wayne County through projects that enhance the quality of life and economic vitality of the region.
The Gault Fund will be governed by an advisory committee which will play an ongoing role in providing strategic counsel and advice to the development of critical community projects, with the goal of modeling Stan Gault’s philanthropic philosophy focused on sustained input and dedicated mentoring
The grant is intended to memorialize the well-respected and much-loved Stan Gault, who passed away last June. Mr. Gault provided key leadership to many entities throughout Northeast Ohio, including Burton D. Morgan Foundation, for which he served on the Board of Trustees from 1994-2015. Mr. Gault led a number of organizations during his lifetime, including General Electric Company, Rubbermaid Incorporated, and Goodyear Tire & Rubber Company. He also served as Director and Chairman of the Board of Avon Products, and Director of The New York Stock Exchange. A long-time Wayne County resident, Mr. Gault was a graduate of The College of Wooster and later served as Chairman of the college’s board of trustees.
Morgan Foundation President and CEO Deborah Hoover expressed the Foundation’s deep gratitude for all that Mr. Gault contributed over more than two decades to the strategic direction of Morgan Foundation. She noted that “the elements of the Board resolution adopted in 2015 at the time of Mr. Gault’s retirement capture the fundamental reasons Morgan Foundation chose to honor him with this significant gift to the Wooster community. The Foundation’s Board of Trustees stated: Stan Gault guided the evolution of the Foundation through steadfast contribution of his wisdom, time, and many talents over more than two decades, freely sharing his vast experiences and generously mentoring others. He consistently tackled challenging decisions and complex deliberations with integrity, sound judgment, and always careful thought. Mr. Gault exemplified a generosity of spirit and deep understanding of critical issues that promoted the mission and ethos of the Foundation and served as an inspiration to others in the philanthropic community. The Board believes that this gift will perpetuate Stan Gault’s exemplary leadership and simultaneously demonstrate their great admiration and appreciation for his pivotal contributions to the Foundation.”
Speaking on behalf of the Trustees of Wayne County Community Foundation, Executive Director Sara Patton stated, “Wayne County Community Foundation is honored by the Morgan Foundation’s wonderfully generous gift, which will create a living memorial to Stan Gault. His decades of dedicated philanthropic leadership and uncommon personal generosity have made a lasting impact on Wayne County. We are delighted that the Gault Philanthropic Leadership Fund will perpetuate the ideal of service and active involvement in philanthropy that Stan embodied throughout his life.”