The Max and Marian Farash Charitable Foundation today announced the establishment of an annual Farash Prize for Social Entrepreneurship, carrying a $100,000 award.
The winner will announced in October 2012. The $100,000 award will go to the prizewinner’s affiliated 501(c)(3) nonprofit organization in Monroe or Ontario Counties.
“We have three purposes: first, to reward the efforts of an outstanding social entrepreneur among us,” said Theresa Mazzullo, a Foundation trustee and chair of the board’s grants committee, who announced the award this morning at a breakfast for community leaders. “Second, to encourage others to emulate the accomplishments of that winner. And lastly, to honor the legacy of Max Farash, whose career in real estate flourished through his entrepreneurial spirit.
“Social entrepreneurs are intent on inventing new ways for us to address all kinds of social problems: poverty, health care, education, personal dignity and independence,” she added. “We will always have these issues with us, and we will always need new approaches to deal with them.”
Eligible nominees include individuals who work as employees or volunteers for 501(c)(3) organizations and who have made significant accomplishments in successfully addressing community issues of need and/or inequality. Nominations will be accepted starting Jan. 2, 2012.
The prize selection committee includes Howard Berman, chair of the Center for Community Engagement at St. John Fisher College; James Lawrence, editorial page editor at the Democrat and Chronicle; Daniel Meyers, president of Al Sigl Center; and Barbara Risser, president of Finger Lakes Community College.
At this morning’s community breakfast, Foundation trustees and staff also described the five major categories in which the Foundation will be making its grants starting in 2012: education; Jewish life; entrepreneurship; arts and culture; and human services. The grant cycles differ for each category; letters of inquiry in the first category—education—are accepted beginning today.
The Foundation expects to makes grants totaling between $7 and $8 million in next year. Board chair Nathan J. Robfogel said that Foundation staff had extensive conversations with community representatives in Monroe and Ontario Counties earlier this year, followed by a strategic planning process that led to the establishment of the grant categories.
With the substantial increase in grant making next year, “we are about to see the fulfillment of a promise Max and Marian made to their community 23 years ago, when they established the Foundation,” Robfogel said.
Residents of Rochester for virtually all of their lives, Max and Marian Farash cared deeply about their community. In 1988, they established the Max and Marian Farash Charitable Foundation (www.farashfoundation.org), which makes grants to nonprofit organizations in Monroe and Ontario Counties, half of them for Jewish projects and programs.
This news release was edited in January 2012 to more accurately reflect Farash Prize eligibility criteria.