Morgan Foundation Announces New Fellow and Recent Grants

At the June Board Meeting, Burton D. Morgan Foundation Trustees approved a plan to hire Young Entrepreneur Institute Director Greg Malkin to serve as a Fellow of the Foundation.  They also approved grants totaling more than $1.25 million to support programs for youth, college students, and adults that champion the entrepreneurial spirit. 

In his role as Foundation Fellow, Malkin will help translate lessons learned from the Foundation’s youth grantmaking into practical advice for teachers and schools as they grapple with the best ways to prepare students for a future in which entrepreneurial thinking will be an essential skill.  In addition to sharing lessons across Northeast Ohio, Malkin and Morgan Foundation will begin work with Michigan-based Charles Stewart Mott Foundation to influence the incorporation of youth entrepreneurship into a national network of after-school programs.

Malkin will remain employed by University School, while dedicating a portion of his time to the Fellowship. 

Deborah Hoover commented, “Morgan Foundation is committed to expanding and strengthening Northeast Ohio’s active and multi-faceted youth entrepreneurship ecosystem. For the past decade, Greg Malkin has combined his experience as an entrepreneur and educator to champion the cause of youth entrepreneurship through University School’s Young Entrepreneur Institute. The Foundation is excited to begin this new relationship with Greg as he shares his expertise in the role of Morgan Foundation Fellow, a program of the Foundation’s Entrepreneurship Education Experiment aimed at sharing organizational knowledge. Through the Fellowship, Greg will focus on expanding the ecosystem, counseling educators, and building the field of youth entrepreneurship through partnerships in Northeast Ohio and beyond.”

Greg Malkin stated, “I am very excited to be chosen as a Fellow of the Foundation!  Whether they become entrepreneurs or not, helping young people understand and experience entrepreneurship has a profound and positive impact on their lives.  Entrepreneurship develops important hard skills, like public speaking and financial literacy, and important soft skills, like resilience and responsibility.  The Fellowship provides a wonderful opportunity to leverage my experience with and passion for business with educators across the region and the country.”

Grants approved by the Foundation Trustees to benefit organizations supporting innovation and entrepreneurship include the following:

  • BioEnterprise - $150,000 to support entrepreneurship assistance and internship programming
  • Economic and Community Development Institute - $150,000 to support operations of the Akron office
  • Economic Growth Foundation - $100,000 to support operations of the Business Growth Collaborative (2 years)
  • Emmanuel Christian Academy - $18,620 for the Financial Literacy and Entrepreneurship Program
  • Entrepreneurial Engagement Ohio - $60,000 for STEM commercialization and entrepreneurship forums
  • Hershey Montessori School - $7,500 to support the Hershey Market
  • Hiram College - $86,000 to support entrepreneurship programming (2 years)
  • Hispanic Business Center - $25,000 for the Latino/Minority Construction Capacity Initiative
  • Jumpstart, Inc. – Up to $140,000 for a one-year entrepreneurial internship pilot
  • Lakeland Foundation - $3,525 for the 2018 Lakeland Idea Pitch Competition
  • National Association for Community College Entrepreneurship - $3,550 for the 2018 Entrepreneurial Ecosystem Revolution Conference
  • Northeast Ohio Medical University Foundation - $103,580 for the Future Medical Entrepreneur Internship program (2 years)
  • Teen Enterprise - $5,000 to support pop-up shops
  • University of Mount Union – Up to $70,750 for faculty development workshops, an internship program, and innovation space (2 years) which includes a $7,000 challenge grant to support the innovation space in 2018-19
  • University School - $136,500 to support Young Entrepreneur Institute programming
  • University School - $20,000 to provide mini-grants for educators attending the Enspire conference in 2018 and 2019
  • Urban Community School - $6,200 to support the bike repair shop and to offset teaching costs related to the delivery of entrepreneurship curriculum
  • Youth Opportunities Unlimited - $30,000 for E CITY programming at eight high schools

Other grants to support innovation and entrepreneurship at the youth, collegiate, and adult levels, that have been approved by the Trustees in the interim period between meetings include:

  • Cleveland State University Foundation - $5,000 for Startup Vikes
  • LaunchTown - $13,000 for the 2018 LaunchTown business idea competition
  • Learning About Business, Inc. - $10,000 for a business summer camp for high school students
  • North Coast Angel Fund - $10,000 for educational events for angel investors
  • Summer on the Cuyahoga - $7,700 for the Entrepreneurial Outreach Program
  • Summit Artspace - $10,000 for the Artist Entrepreneur Institute 2018
  • University of Akron Research Foundation - $10,000 for StartupBus 2018

Trustees also approved the following grants to benefit the Hudson community:  Hudson Community First for the 2018 Career Panel/Intern for a Day Program ($10,000); Hudson Farmers Market to support marketing initiatives in the 2018 season ($5,000); and Taste of Hudson for marketing efforts for Taste of Hudson 2018 ($9,500).