Romich Foundation

Overview

The Romich Foundation is a private grant-making foundation designated as a 501(c)(3) non-profit organization. It is categorized under Philanthropy, Voluntarism and Grantmaking Foundations within the National Taxonomy of Exempt Entities (NTEE) classification system. The foundation focuses on providing financial support to various initiatives and organizations, particularly in Wayne County, Ohio.

Mission

At its core, the Romich Foundation aims to improve the lives of individuals through financial and other forms of support. Its areas of interest include initiatives that foster justice and harmony, public education with a focus on local schools, charitable organizations that assist disadvantaged individuals, disability support programs, sustainable energy projects, and entrepreneurship promotion in Northeast Ohio[2][3].

Focus Areas

1. Justice and Harmony: Initiatives that promote justice and harmony in Wayne County, Ohio[2].
2. Public Schools: Support for public schools, especially those in Wayne County, Ohio, and programs that enhance educational outcomes[2].
3. Charitable Organizations: Financial assistance for charitable entities in Wayne County, Ohio, that address the needs of disadvantaged individuals[2].
4. Disability Support: Programs that work with people with disabilities, particularly those using assistive technologies[2][3].
5. Sustainable Energy: Initiatives involving wind, water, solar, and other renewable resources[2].
6. Entrepreneurship: Programs that encourage and support entrepreneurship in Northeast Ohio[2].

Funding Approach

The Romich Foundation serves as a catalyst for new initiatives rather than providing ongoing support. This approach encourages innovative projects and sustainable development in the communities it serves[2].

Governance

As of recent filings, key personnel include Barry A. Romich as President and Margo E. Broehl and Alan J. Tobin as Directors, none of whom receive compensation or benefits from the foundation[1].

Community Impact

Through its support of makerspaces and collaborative projects, the Romich Foundation contributes to community development by providing resources that aid various non-profit organizations in achieving their goals[5].

References