CLEVELAND REHAB COMMUNITY FUNDING FOUNDATION
is recognized as a 501(c)(3) public charitable organization under IRC Section 170(b)(1)(A)(i)-(viii) and is officially designated as a Non-Profit Community Improvement Corporation in accordance with Ohio Revised Code Section 1724.01(A)(2).
TRUSTED community SERVants
Providing relief, education, and support to underprivileged communities.
MISSION STATEMENT
- The Cleveland Rehab Community Funding Foundation (CRCF Foundation) is committed to uplifting the poor, distressed, and underprivileged by providing critical funding and resources to improve quality of life and foster economic and social empowerment. Our mission encompasses the following focus areas:
- • Supporting Housing Solutions: Providing funding for the development of shelters for survivors of domestic violence, halfway houses for individuals reentering society, transitional housing, senior living centers, and housing for refugees, asylees, and immigrants, ensuring safety, stability, and renewed hope for vulnerable populations.
- • Advancing Education and Economic Opportunities: Empowering economically disadvantaged individuals and underserved small businesses by funding workforce education and development programs designed for both youth and adults.
- • Strengthening Community Infrastructure: To Fund the repair and development of residential and commercial properties to establish a robust economic foundation in underserved neighborhoods. This is achieved through grant-making and the sale of tax-exempt corporate bonds to nonprofit and corporate partners committed to driving meaningful change and providing capital investments to economically depressed communities and small businesses underserved by traditional financial institutions.
- • Combating Juvenile Delinquency: Funding educational programs aimed at reducing neighborhood tensions and fostering long-term economic growth by developing vocational training centers and modernizing school facilities.
- • Advancing Small Business Development and Collaborations: Encouraging partnerships and providing financial resources and administrative resources to underserved small businesses purposed to drive economic empowerment and growth.
- The CRCF Foundation remains steadfast in its dedication to combating poverty, fostering workforce development, and driving sustainable community development for a brighter and more equitable future. As the fiscal agent for grant awardees, CRCFF oversees the maintenance of comprehensive internal records detailing the disbursement of grant proceeds and the post-grant application of funds. This ensures that all resources are utilized in accordance with their intended purpose as outlined in the grant awarded.
OUR AREAS OF FUNDING
Education FUNDING
Funding community-based education programs to providing high-quality Human Capital - purposed to create a Highly Skilled Worforce.
Housing FUNDING
We provide vital funding for the procurement of new homes and the restoration of rundown properties to support sustainable housing solutions.
SMALL BUSINESS FUNDING
Supporting and empowering small businesses through financial resources and administrative assistance.
COMMUNITY DEVELOPMENT Funding
Developing community growth and progress through strategic investment in infrastructure development projects.
Join Us!
Please support our cause and make a difference in the lives of underprivileged communities.
charitable contribution PACKagES
Bronze Package
- Ensuring proper funding for community-based education programs aimed at strengthening community values is crucial for providing essential support.
- Maximize Understanding of Community-based Micro-Economics
from - TO
$100 $200 $300 $400 $500
Silver Package
- Through the allocation of funds, we aim to provide much-needed housing for families who have been underserved by conventional financial services.
- Maximize the Development of Positive Community Conduct
from - TO
$1,000 $2,000 $3,000 $4,000 $5,000
Gold Package
- By providing funding to small local businesses and promoting a community-based economy, we can effectively reverse the struggles and challenges faced by our communities.
- Maximize the Development of Community-based Micro-Economy
from - TO
$10,000 $20,000 $30,000 $40,000 $50,000
Platinum Package
- Our VIP features and support provide the essential foundation for community development projects aimed at revitalizing our communities.
- Maximize the Development of Community-based Micro-Economic Stabilization
from - TO
$60,000 $70,000 $80,000 $90,000 $100,000
QUALIFIED ORGANIZATIONS
You may deduct a charitable contribution made to, or for the use of, any of the following organizations that otherwise are qualified under section 170(c) of the Internal Revenue Code:
1. A state or United States possession (or political subdivision thereof), or the United States or the District of Columbia, if made exclusively for public purposes;2. A community chest, corporation, trust, fund, or foundation, organized or created in the United States or its possessions, or under the laws of the United States, any state, the District of Columbia or any possession of the United States, and organized and operated exclusively for charitable, religious, educational, scientific, or literary purposes, or for the prevention of cruelty to children or animals;3. A church, synagogue, or other religious organization;4. A war veterans' organization or its post, auxiliary, trust, or foundation organized in the United States or its possessions;5. A nonprofit volunteer fire company;6. A civil defense organization created under federal, state, or local law (this includes unreimbursed expenses of civil defense volunteers that are directly connected with and solely attributable to their volunteer services);7. A domestic fraternal society, operating under the lodge system, but only if the contribution is to be used exclusively for charitable purposes;8. A nonprofit cemetery company if the funds are irrevocably dedicated to the perpetual care of the cemetery as a whole and not a particular lot or mausoleum crypt. TIMING OF CONTRIBUTIONSContributions must actually be paid in cash or other property before the close of your tax year to be deductible, whether you use the cash or accrual method.
DEDUCTABLE AMOUNT If you donate property other than cash to a qualified organization, you may generally deduct the fair market value of the property. If the property has appreciated in value, however, some adjustments may have to be made.
The rules relating to how to determine fair market value are discussed in Publication 561, Determining the Value of Donated Property PDF.
LIMITATIONS ON DEDUCTIONS In general, contributions to charitable organizations may be deducted up to 50 percent of adjusted gross income computed without regard to net operating loss carrybacks. Contributions to certain private foundations, veterans organizations, fraternal societies, and cemetery organizations are limited to 30 percent adjusted gross income (computed without regard to net operating loss carrybacks), however. Tax Exempt Organization Search uses deductibility status codes to indicate these limitations.
The 50 percent limitation applies to (1) all public charities (code PC), (2) all private operating foundations (code POF), (3) certain private foundations that distribute the contributions they receive to public charities and private operating foundations within 2-1/2 months following the year of receipt, and (4) certain private foundations the contributions to which are pooled in a common fund and the income and corpus of which are paid to public charities.
The 30 percent limitation applies to private foundations (code PF), other than those previously mentioned that qualify for a 50 percent limitation, and to other organizations described in section 170(c) that do not qualify for the 50 percent limitation, such as domestic fraternal societies (code LODGE).
A special limitation applies to certain gifts of long-term capital gain property. A discussion of that special limitation may be found in Publication 526, Charitable Contributions PDF.
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Cleveland Rehab Community Funding Foundation Quarterly Grant Program Application