To create a concrete example of what the Pillar Award stands for, that same year, SBN developed a fourth component as an offshoot of the main program: The Pillar Fund. The mission of the Pillar Fund is to reward nonprofit institutions that demonstrate financial need, use smart business practices and innovative ideas and creatively maximize their financial and human resource capital to strengthen their organization and enhance their service to the people of Northeast Ohio.
The Pillar Fund provides grants for a wide range of projects and programs. It is designed to explore the symbiotic relationship between for-profit and nonprofit organizations that together strive to make Northeast Ohio a better place to live.
Grants are awarded to nonprofit organizations that demonstrate above all else financial need, along with the ability to employ sound management techniques, and effectively leverage corporate relationships in order to fulfill their respective missions.
The Pillar Fund is made possible by an annual donation from SBN through revenue generated by the Pillar Award recognition event. Funds are also donated directly by individuals and corporations whose philanthropic missions are aligned with The Pillar Fund, a donor-advised fund administered though The Cleveland Foundation.
To date, grants have been awarded to the Dream Center, The Cleveland Christian Home, The National Conference for Community and Justice and St. George Orthodox Church.