Monday, July 23, 2012STRUTHERS, Ohio -- An oil and gas lease on the property of the Castlo Industrial Park has resulted in the creation of a new community fund. Revenues from the lease will be used to establish the Castlo Community Fund, a fund of The Youngstown Foundation, officials announced.
The Castlo board recognized the need to establish long-term sustainability for its member communities which encompass Campbell, Struthers and Lowellville, and Coitsville and Poland Townships, said Randy Partika, chairman. “The intention of the fund is to expand beyond the fences of the industrial park and perpetuate Castlo’s mission through initiatives that support community enhancements and educational advancements as well as leadership and collaborative programs,” he explained..
The fund will preserve Castlo’s commitment to charitable causes that advance the civic responsibility and economic sustainability within its member communities. Castlo’s initial contribution to launch the fund is $50,000. Its goal is to continue to grow the funds in the coming years and encourage others to support this cause as well.
“The Castlo board’s decision to establish a fund reminds us that the spirit of giving is alive and strong in the Mahoning Valley," said Jan Strasfeld, executive director of The Youngstown Foundation. "The Castlo Fund exemplifies the tremendous impact that the income generated locally through the gas and oil industry can have on the quality of life in our community.”
Contributions to the Castlo Community Fund can be made online at the Youngstown Foundation website.
Published by The Business Journal, Youngstown, Ohio.