Fund for Our Economic FutureFund for Our Economic Future2008 Annual Meeting2008 Annual Meeting

The Power of the TeamThe Power of the Team

THE MESSAGE:THE MESSAGE:

ItIt’’s Working! s Working!

• Work to date:Outcomes not intentions

THE MESSAGE:THE MESSAGE:

ItIt’’s Working! s Working!

THE MESSAGE:THE MESSAGE:

ItIt’’s Working! s Working!

• Work to Date:Outcomes not intentions

• New Initiatives:Forces aligning in ways no one could have imagined

Photo courtesy of the Grand Prix of Cleveland

Grantees / Clients

UsUsUsUs Us

Team PerformanceTeam Performance

High Performance TeamsHigh Performance Teams• Trust

High Performance TeamsHigh Performance Teams• Trust• Mutuality

High Performance TeamsHigh Performance Teams• Trust• Mutuality• Skill / Opinion /

Diversity

High Performance TeamsHigh Performance Teams• Trust• Mutuality• Skill / Opinion /

Diversity• Collective Risk

Taking

Diversity of ThoughtDiversity of Thought

The Fund is Its MembersThe Fund is Its MembersB.A.R.E.Action Area Team Rosters

Co – Chair: Kim Pesses, MeiselFamily FoundationCo – Chair: Peter Meisel, MeiselFamily Foundation

Staff: Brad Whitehead, Fund for Our Economic Future

Members: Tom Adler, Mt. Sinai Health Care Foundation Gayle Agahi, Cleveland Clinic FoundationJoy Anderson, Nord Family FoundationJody Bacon, Akron Community FoundationMitch Balk, Mt. Sinai Health Care FoundationRick Batyko, Greater Cleveland PartnershipMary Beth Carroll, FirstEnergyLee Chilcote, Katherine and Lee Chilcote FoundationRichard Clark, John P. Murphy FoundationStuart Cordell, Ashtabula County PartnershipRod Crider, Wayne County PartnershipHarold E. Friedman - Harry K. and Emma R. Fox Charitable FoundationJamie Ireland, Elizabeth Ring Mather and William Gwinn Mather FundRandy Markey, Capital Acceleration PartnersKen Outcalt, Jane and John OutcaltFoundationEvan Scurti, Ashland County Partnership for Our Economic FutureBill Seelbach, George CodringtonFoundationJack Turben, Susan and John Turben FoundationTim Wuliger, The WuligerFoundation, Inc. Allan Zambie, John P. Murphy Foundation

Civic Engagement CommitteeChair: Deborah Vesy, Deaconess Community Foundation

Adam Briggs - Frances G. ShoolroyDonor Advised Fund

Mary-Scott Cebul - Deaconess Community Foundation

Karen Nestor - John G. and Karen R. Nestor Fund of the Cleveland Foundation

Kim Pesses - Meisel Family Foundation

June Taylor - Sisters of Charity Foundation of Cleveland

Council of Regional Economic Policy Advisors(aka Research and Measurement Committee)

Ziona Austrian, Ph.D., Cleveland State UniversityMary Scott Cebul, PhD., Chair, Deaconess Foundation (Fund loaned staff member)Randall Eberts, Ph.D., W.E. Upjohn InstituteTimothy Goler, Policy Bridge Susan Helper, Ph.D., Case Western Reserve UniversityEdward Hill, Ph.D, Cleveland State UniversityRobert Jaquay, George GundFoundation (Fund loaned staff member)Jack Kleinhenz, Ph.D., Kleinhenz & AssociatesHunter Morrison, Youngstown State UniversityMichael Nelson, Ph.D., University of AkronWilliam J. O’Neill, Chair, William J. & Dorothy K. O’Neill Foundation (Funder Committee Member)James Robey, Ph.D. TeamNEOJames Shanahan, Ph.D., Lorain Community CollegeMark Sniderman, Ph.D., Federal Reserve Bank of ClevelandThomas Waltermire, President, TeamNEO**Bradley Whitehead, President, Fund for Our Economic FutureKathryn Wilson, Ph.D., Kent State UniversityThomas Zlatoper, Ph.D., John Carroll University

*Names in bold are FFEF members**Brad Whitehead is not technically a member, but obviously the President of the Fund

Talent DevelopmentChair: Randy McShepard, RPM International, Inc.

Staff: Laura Steinbrink, Fund for Our Economic Future

Members: Gayle Agahi, Cleveland Clinic FoundationSusan Althans, Eva L. and Joseph M. Bruening FoundationPeter Anagnostos, Cleveland State University Anne Bingham, Case Western Reserve UniversityPatricia Book, Kent State UniversityRoy Church, Lorain County Community CollegePaul Dolan, Cleveland IndiansCraig Follins, Cuyahoga Community CollegeHeidi Gartland, University HospitalsHolly Harris Bane, University of AkronBill Hiller, Martha Holden Jennings FoundationKaren Hooser, ReinbergerFoundationBill Joseph, Sisters of Charity Foundation of ClevelandKurt Karakul, Third Federal FoundationOmobola Lana, Literacy CooperativeCynthia Lazor, Stark Community FoundationLestor Lefton, Kent State University George Milbourn, Martha Holden Jennings FoundationJohn Mullaney, Nord Family FoundationAugie Napoli, Summa Hospitals FoundationKaren Nestor, John and Karen Nestor Fund of the Cleveland FoundationPatricia O’Brien, Stocker FoundationBob Paponetti, Literacy CooperativeAnn Pinkerton Ranney, John Huntington Fund for EducationLuis Proenza, University of AkronHolly Reilly, University HospitalsTom Seddon, Ashland County Partnership for Our Economic FutureSharon Sobol-Jordan, Center for Families and ChildrenBob Stimpert, Richland County Coalition Lucy Weller, Elizabeth Ring Mather and William Gwinn Mather Fund

Entreprene-urship and InnovationCo-Chair: Deb Hoover, Burton D. Morgan FoundationCo-Chair: Adam Briggs, Frances Shoolroy Charitable Fund

Staff: Mike Shafarenko, Fund for Our Economic Future

Members:Doug Bannerman, Eva L. and Joseph M. Bruening FoundationGlenn Brown, Generation FoundationMary-Scott Cebul, Deaconess Community FoundationVicki Conley, Sisters of Charity Foundation of CantonBob Eckardt, Cleveland FoundationMort Epstein, David and Inez Myers FoundationMichael Goldberg, AmTrustCharitable FoundationOliver Gratry, Payne FundHarley GrossChris Hitchcock, Fred Lennon Charitable TrustLud Huck, Wayne Growth PartnershipRobert Miller, Generation FoundationBill O’Neill, William J. and Dorothy O'Neill FoundationChris Schmid, Wayne Growth PartnershipBill Seelbach, George CodringtonFoundationSteve Walling, Ashtabula County PartnershipJohn Wheeler, Case Western Reserve UniversityGreg Zucca, Board of County Commissioners – Cuyahoga County

Government Collaboration and EfficiencyChair: Robert Jaquay, George GundFoundation

Staff: Dawn Golba, Stocker Foundation

Members:

Dave Abbott, George GundFoundationKeith Ashmus, Greater Cleveland PartnershipBob Bonchack, Lloyd L. and Louise K. Smith Memorial FoundationJack Boyle, Cleveland State UniversityBob Cohen, Richland County Coalition Robert Dorn, Frederick W. and Janet P. Dorn FoundationCraig Foltin, Cuyahoga Community CollegeAllen Ford, Abington FoundationDavid Goldberg, AmTrust Charitable FoundationOliver Henkel, Cleveland Clinic FoundationRichard Hollington, Sally & Richard HollingtonDennis Lafferty, Jones DayBill LaPlace, Kelvin and Eleanor Smith FoundationBrian Matthews, Huntington BankSamuel Miller, Samuel and Maria Miller FoundationPaul Oyaski, Board of County Commissioners – Cuyahoga CountyPhil Ranney – Kent H. Smith Charitable TrustPhilip Warburton, Ralph T. and Esther L. Warburton FoundationKC Yasmer, Forest City Enterprises Charitable Foundation

Racial and Economic InclusionCo-Chair: Denise San Antonio Zeman, Saint Luke’s Foundation

Co-Chair: Vivian Neal, John S. and James L. Knight Foundation

Staff: Christine Mayer, GAR Foundation

Members:

Yemi Akande, Cleveland Leadership CenterJim Bower, Stark Community FoundationRob Briggs, GAR FoundationVikki Broer, WeathertopFoundationBrian Frederick, Community Foundation of Lorain CountyLeah Gary, William J. and Dorothy O'Neill FoundationTim Goler, Policy BridgePatrick Grace, Catholic Diocese of ClevelanStacie Halpern, Miller Family FoundationDebra Hersey Guren, Hershey FoundationEric Hodderson, Neighborhood ProgressSally Hollington, Saint Luke’s FoundationEdgar Jackson, University HospitalsSusanna Krey, Sisters of Charity Foundation of ClevelandShana Marbury, Greater Cleveland PartnershipWilliam Mitchell, William A. and Margaret N. Mitchell FundJack Sherwin, Sherwick Fund of the Cleveland FoundationSharon Sobol-Jordan, Center for Families and ChildrenLinda Springer, Cleveland Social Venture PartnersStephen Strayer, Harry K. and Emma R. Fox Charitable FoundationJune Taylor, Sisters of Charity Foundation of ClevelandDeborah Vesy, Deaconess Community Foundation

Collective Risk TakingCollective Risk Taking

Collective Risk TakingCollective Risk Taking

IncomeEmployment

• NEO

• Indianapolis

Amateur Sports

BioPharma

Government Reform

Agricultural Biosciences

United Airlines United Airlines Maintenance FacilityMaintenance Facility

United Airlines United Airlines Maintenance FacilityMaintenance Facility

$320 M in Subsidies

• $500 M Capital Investment

• 5,000 New High-Wage Jobs

$40 M In Annual Payments Closed in 2003.Now a Call Center, 900 Low-Wage Jobs.

Fund Dollars at WorkFund Dollars at Work

Fund Fund DollarsDollarsat at WorkWork

Business Growth and Attraction

• ATTRACTION:$46 million in new payrollTeam NEO

Fund Fund DollarsDollarsat at WorkWork

Business Growth and Attraction

• INNOVATION:$124 million in 2007 3rd Frontier

dollars

NorTech

Fund Fund DollarsDollarsat at WorkWork

Business Growth and Attraction

• ENTREPRENEURSHIP:$318 million in venture capitalJumpStart /Neo Capital Fund

More BioScience venture activity than any region in the Midwest

BioEnterprise

Early Stage Partners

GlengaryOhio

Innovation Fund

In 2003, a Handful of Early Stage Venture Pioneers

In 2003, a Handful of Early Stage Venture Pioneers

Oakwood Medical

InvestorsEarly Stage

PartnersGlengary

Ohio Innovation

Fund

Draper Triangle Ventures

ChrysalisCCFInnovations

SunBridgePartners

Mutual Capital

Partners

RiverFestVentures

ArboretumArch AngelsRadius

Ventures

In 2003, a Handful of Early Stage Venture Pioneers

Oakwood Medical

InvestorsEarly Stage

PartnersGlengary

Ohio Innovation

Fund

Draper Triangle Ventures

ChrysalisCCFInnovations

SunBridgePartners

Mutual Capital

Partners

RiverFestVentures

ArboretumArch AngelsRadius

Ventures

LCCCInnovation

Fund

EverettPartners iNetworks

OhioInnovation

FundCase Tech Ventures

North Coast Angels

Open Prairie

East CentralAngels

World Class World Class Venture Capital Venture Capital

MarketMarket

Fund Fund DollarsDollarsat at WorkWork

Business Growth and Attraction

• MANUFACTURING:Manufacturing output is 6% higher than in 1992, driven by strong productivity gains

MAGNET

New ways of New ways of Coming TogetherComing Together

• Talent

New ways of New ways of Coming TogetherComing Together

• Talent• Minority Business

Accelerator

New ways of New ways of Coming TogetherComing Together

• Talent• Minority Business

Accelerator• Government

Fund for Our Economic FutureFund for Our Economic Future2008 Annual Meeting2008 Annual Meeting