We envision an improved quality of life for Barberton residents, now and forever.
Program Related Investments
Barberton Community Foundation strives to serve as a catalyst for business and community investments that contribute to the health and vitality of the Barberton economy and to those living and working in Barberton. The Foundation makes Program Related Investments (PRIs) in order to stretch our financial resources, enhance our philanthropic impact and implement our economic and community development goals.
Federal regulations list three characteristics that distinguish PRIs from traditional foundation investments:
- The Foundation’s mission is the primary motivation.
- Generating income is not a significant motivation.
- PRIs cannot be made with intent to influence legislation or a political election.
Barberton Community Development Corporation (BCDC) Program PRI Loan Fund
BCDC PRI Loan program has invested over $14 million in economic development projects since its inception.
Neighborhood Conservation Services PRI Program (NCS PRI Program)
The NCS PRI Program assists with financing home improvements. Over $1 million in first time home buyer and home improvements loans have been provided by NCS with interest earnings returned to the Foundation in excess of $100,000.
NCS is a nonprofit agency sponsoring programs for neighborhood-organizing, self-help programs, housing rehabilitation and weatherization.
NCS has recently rebranded as Community Development Services.
Real Estate Investments
From time to time, the Foundation has invested in real estate in order to accomplish its mission, most recently with the purchase and renovations of the National Guard Armory. The Armory is leased by Stark State College which hosts a full array of classes, providing easy access to students who may not be able to make it the main campus but want to attain a level of higher education.