Manuel D and Rhoda Mayerson Foundation

The Manuel D and Rhoda Mayerson Foundation is a nonprofit organization dedicated to fostering just, caring, and respectful communities. It focuses on empowering marginalized populations and providing opportunities for all individuals to achieve their highest aspirations. The foundation's geographic focus is primarily in the Greater Cincinnati area, with additional grant-making in areas where its Trustees reside.

History

Manuel and Rhoda Mayerson established the foundation in 1984, building on their lifetime of philanthropic involvement. Manuel, a successful real estate developer and community leader in Cincinnati, and his wife Rhoda formalized their philanthropy through the creation of the Mayerson Family Foundations in 1986 to support innovative and effective community organizations[3][4].

Financial Overview

As of 2021, the foundation reported $6.62 million in revenue, with expenses totaling $1.99 million. Its total assets were valued at $14.6 million, and total liabilities at $1.36 million. The primary sources of revenue include sales of assets and other income, which accounted for approximately 94.5% of total revenue[1].

Grant-Making Criteria

In making funding decisions, the Trustees of the Manuel D and Rhoda Mayerson Foundation prioritize sound strategic planning, organizational stability, leadership, creativity, entrepreneurial visioning, leveraging of resources, collaboration, and empowerment of people. They support projects that demonstrate the potential to make a broad impact with efficient use of resources, and they seek to play a catalytic role in turning possibilities into reality[2].

Leadership and Governance

Key figures within the foundation include family members who serve as directors. Notably, Neal H. Mayerson serves as President and Director, while other family members like Arlene B. Mayerson and Donna Mayerson contribute as directors. Compensation for key officers and directors is typically not reported as they may choose not to receive salaries, with any compensation potentially included in broader charitable disbursements[1].

Impact and Legacy

The Manuel D and Rhoda Mayerson Foundation's philanthropic efforts have significantly impacted the Cincinnati community, particularly within the Jewish community. Beneficiary organizations include the Jewish Federation of Cincinnati and Adath Israel Congregation. The foundation's work continues to be carried out by the Mayerson family, ensuring a lasting legacy in philanthropy and community development[3][4].

[1] https://projects.propublica.org/nonprofits/organizations/311310431 [2] https://www.mayersonfoundation.org/how-to-apply/decision-making-criteria/ [3] https://createyourjewishlegacy.org/donors/manuel-d-and-rhoda [4] https://www.themayersoncompany.com/ourfounder [5] https://www.mayersonfoundation.org