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Zennovation Fund for Rhode Island
By Jean Cohoon / December 3, 2018 /   Loading Disqus...

“The Zennovation Fund at the Rhode Island Foundation seeks to advance truly innovative work in education, the arts, entrepreneurship, and community leadership,” states a spokesman for the company that established this fund.

He explains that the company has, to date, focused its community investments primarily in California, but sought to expand to the East coast. When its chairman visited Rhode Island, he was, the spokesman states, “inspired and impressed by the economic climate and the potential here.”

The company CEO has known former Foundation director and fundholder Lorne Adrain, a financial advisor, for many years, and Lorne referred him to the Foundation. He notes, “The Rhode Island Foundation provides an effective and efficient means for the donor to learn over time where their goals can have the greatest impact in the community.”

The Zennovation Fund for Rhode Island already has made its first grant, supporting educational programming associated with the RISD Museum’s “Gorham Silver: Designing Brilliance 1850-1970” exhibition. The Museum indicates the 2019 exhibition “will cast new light on the legacy of this distinctive company, first established in 1831 in Providence, Rhode Island.”

“We are very interested in education and having an impact in the local community. We were acquainted with people at RISD, so that made sense for our first grant through the Zennovation Fund at the Rhode Island Foundation,” the spokesman explains.

Lorne continues, “Each of the projects the Fund intends to support will relate to innovation in entrepreneurship, education, arts and culture, and community leadership. It’s really about capacity-building for each of the grantee organizations.”

Of this partnership with the Foundation, the company CEO states, “We are excited about this opportunity, and we look forward to working with the Rhode Island Foundation to make our contributions to the (Rhode Island) communities.”

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