Madonio Family Animal Welfare Trust

The Portage Foundation

The Madonio Family Animal Welfare Trust is a branch of The Portage Foundation – started in 1997 when Robinson Memorial Hospital purchased the Visiting Nurses Association and donated the proceeds to start a community foundation. Through the efforts of volunteers, the Foundation has grown to over $2.5 million in assets. The income from the assets is used to assist a number of charitable causes in Portage County. The Foundation has made over $100,000 in grants since its founding.

Total assets of the Foundation are made up of several components. A donor can specify what the earnings on their donation are to be used for, such as a scholarship, children’s needs, health projects or animals, as an example. Other donor’s funds are unrestricted and can be used for various grants at the trustees’ discretion. Yet others can be used for the business expenses of the Foundation. The Madonio Family Animal Welfare Trust will be used exclusively for the benefit of animals.

Money donated to the Foundation is pooled and invested by the finance committee to get maximum returns with maximum safety. Distributions are made semi-annually. Those who donate to Madonio Trust will see their donations, together with all the others who donate to the Foundation, support their causes forever. Foundations live forever, and will produce income long after the donor is gone.

 

click to visit The Portage Foundation

 

Madonio Family Animal Welfare Trust programs



Paws in Motion

1204 Tallmadge Road • Kent, Ohio 44240 • 330.673.4919      email: madoniofamily@gmail.com