YOUNGSTOWN, Ohio (WKBN) – Friday marks the 25th anniversary of National Philanthropy Day.
It’s an annual recognition of those who make our communities a better place to live.
Seven honors were presented, with the Legacy Award being awarded posthumously to William and Alyce Cafaro.
“They were generous from the early years, from the 30’s when they lived above the Ritz bar on Wilson Avenue,” said Anthony Cafaro, their son. “They didn’t call it philanthropy at that time. It was just generosity, they didn’t have the resources to be philanthropists. They never used that word but it came from their heart.”
William Cafaro is best known as the co-founder of what is now the largest privately held shopping center development company in America. He and his wife Alyce enthusiastically supported schools, churches, hospitals, and many other charitable causes. They often insisted on helping people anonymously. Today, the Cafaro Foundation has awarded millions of dollars to worthy individuals and organizations, with education holding a place of special importance.
“But our challenge today is to make the best decisions as far as our future gifting practices,” said Cafaro. “There are so many worthwhile causes. You can’t give to all of them. So you have to determine how you best give in a way that will touch the most lives.”
The other National Philanthropy Awards honorees were:
Special Recognition for Valley Impact — Bruce & Carol Sherman
Outstanding Philanthropist — Vince & Phyllis Bacon
Outstanding Corporate Philanthropist — Simon Roofing
Outstanding Small Business Philanthropist — Handel’s Ice Cream
Outstanding Volunteer Fundraiser — Gere Weller
Outstanding Young Philanthropist — Adriana Italiano & Leah Juhasz