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Stranahan Foundation

Profile

Last Updated: 2016-05-11

At A Glance

Stranahan Foundation

4169 Holland-Sylvania Rd., Ste. 201

Toledo, OH United States 43623-2590

Telephone: (419) 882-5575

URL: www.stranahanfoundation.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business
  • Family foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $97,439,084

Total giving: $2,763,988

EIN

346514375

BRIDGE Number

4181326134

Additional Contact Information

Additional e-mail: mail@stranahanfoundation.org

Background

Trust established in 1944 in OH - Founded by brothers Frank D. and Robert A. Stranahan, who were the founders of the Champion Spark Plug Co. (owned by Federal-Mogul Corporation) in Toledo, OH.

Purpose and Activities

Giving primarily for: 1) Education, particularly to support initiatives that will increase the quality of education for students at the pre-school, primary and secondary levels, and/or promote access to quality educational programs; learning institutions that value independent thinking, artistic appreciation, cultural, economic and ethnic diversity, and community service; provide access to programs that offer alternatives to traditional educational opportunities (e.g.: career-oriented or vocational training, etc.); and small manageable programs within institutions of higher learning; 2) Physical and Mental Health, particularly programs that create better access to care, educate people to take better care of themselves and their families, as well as support alternative care methods, preventive measures, and research to eradicate health crises; 3) Ecological Well-Being, particularly programs that preserve or return to healthy, sustainable communities for both current and future generations, conserve and restore the natural environment, as well as educate community members about the natural environment; 4) Arts and Culture, particularly programs that communicate, delight and educate, motivate and build self esteem, build and reinforce communities, and have therapeutic value; and 5) Human Services, particularly programs that offer disadvantaged families and individuals of all ages access to services that meet basic human needs, opportunities to work, recreate and fully participate in community life, and provide avenues for achieving self-sufficiency and making positive contributions to their community.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Program-Related Investment

Historically, the foundation has made a PRI in the form of a linked deposit to a bank, for an organization which provides residential, vocational and family support services to people with mental retardation and associated developmental disabilities and their families. Historically, the foundation has made a PRI in the form of a loan to an organization providing senior care. More recently, the foundation provided loans to a charter school for building and renovation, care for youth, and to a housing organization that helps homeowners in danger of foreclosure.

Fields of Interest

Subjects
  • Arts and culture
  • Community and economic development
  • Education
  • Human services
  • Youth services
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people
  • Students

Financial Data

Year ended 2014-12-31

Assets: $97,439,084 (market value)

Expenditures: $3,748,439

Total giving: $2,763,988

Qualifying distributions: $5,413,640