Cavaliers Charities Gets a New Name: The Cavaliers Youth Fund

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CLEVELAND, Mar. 21st - To better reflect its mission, Cavaliers Charities has a new name — the Cavaliers Youth Fund, a fund of McCormick Tribune Foundation. With its focus on youth-based organizations and causes, the Cavaliers Youth Fund takes on a higher profile that identifies its primary beneficiaries. Along with the announcement of the new name, the Cavaliers Youth Fund awarded six grants totaling $353,000 for the first quarter of 2007.

The Cavaliers Youth Fund name and logo were unveiled at the Cavaliers vs. Dallas Mavericks game at Quicken Loans Arena on March 21st. The grants were awarded in a halftime presentation with youth representatives from each of the benefiting organizations accepting the ceremonial check from Cavaliers CEO Mark Stornes and General Manager Danny Ferry.

“As the outreach in youth-focused initiatives continues to grow and evolve, we feel that the name change from Cavaliers Charities to Cavaliers Youth Fund better describes our mission and belief that investing in the youth of our community is investing in the future of Cleveland,” said Stornes.

The grants that the Cavaliers Youth Fund allocates benefits young people in the areas of education, recreation and employment and life skills, with particular emphasis on programs aimed toward at-risk youth.

A grant of $188,000 was awarded to the Achievement Centers for Children for working with children with disabilities and their families to strengthen their abilities and create opportunities for lifelong achievement in society.

The HELP Foundation, Inc., a $75,000 grant recipient, supports a summer camp program that serves children with severe medical problems, as well as mental and/or physical disabilities.

Berea Children’s Home received $25,000 for its Family Life Child Care Center’s Cradle of Caring Program, which provides the finest and highest quality care and learning environment for young children, helping to teach them critical literacy, social and math skills regardless of ability to pay.

Youth Opportunities Unlimited was awarded $25,000 to help enable inner city teens to escape the cycle of poverty by empowering them to succeed in school, in the workplace, and in life.

New Life Community received $20,000 to assist in its mission to encourage, inspire, teach and empower homeless, jobless families as they strive to become independent and financially stable.

The Center for Families & Children received $20,000 for its PINPOINT program which addresses disruptive problems caused by suspended or expelled youth.

“All of the grant recipients address a variety of needs and services that the youth in our community are so fortunate to have available to them. Through the Cavaliers Youth Fund, we can direct funds to assist these organizations so they can thrive and continue to provide these important resources,” said Stornes.

Since its inception in 1993, Cavaliers Charities now the Cavaliers Youth Fund, has returned over $17 million to the community. The Cavaliers Youth Fund is a fund of the McCormick Tribune Foundation. The McCormick Tribune Foundation matches contributions to CYF at a significant percentage, which multiplies the value of its fund raising efforts in dollars available to support agencies.

The McCormick Tribune Foundation is a nonprofit organization committed to making life better for our children, communities and country. Through its charitable grant making programs, Cantigny Park and Golf, Cantigny First Division Foundation and the McCormick Tribune Freedom Museum, the Foundation is able to positively impact people’s lives and stay true to its mission of advancing the ideals of a free, democratic society. The Foundation is an independent nonprofit, separate from the Tribune Co., with substantial holdings in the Tribune Co. For more information, please visit McCormickTribune.org.