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2005 Annual Report - Akron Community Foundation

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the truest sense of the word.<br />

Shaw’s initial gift of $ 1,033,533 was soon<br />

followed by gifts and bequests from<br />

many other civic-minded citizens who<br />

wished to enjoy sound and faithful<br />

administration of their philanthropic<br />

plans. It was Edwin Shaw’s desire that<br />

the board, made up of not less than five<br />

or more than 15 trustees, would have<br />

complete power to direct the income<br />

from the fund. The majority of the<br />

trustees were to be from Summit County<br />

and they would serve without pay.<br />

Collyer, Frank, Litchfield, O’Neill, Polsky<br />

and McIntosh were joined by Harvey S.<br />

Firestone Jr., John S. Knight, J. Penfield<br />

Seiberling, Paul E. Belcher and Forrest D.<br />

Myers to become the first 11 trustees of<br />

<strong>Akron</strong> <strong>Community</strong> Trusts, which in 1982<br />

became <strong>Akron</strong> <strong>Community</strong> <strong>Foundation</strong>.<br />

Lisle M. Buckingham served as legal<br />

counsel and secretary until 1957, when<br />

he also became a trustee.

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