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The Leadership 100 Grant Fund, formed in response to the current economic crisis and its effect on our Endowment Fund, has reached $750,000 in cash and pledges toward its $1 million goal to enable Leadership 100 to continue its grant program until such time as the earnings from the Endowment Fund allow the organization to resume grant distributions.
Headed by Charles H. Cotros, a member of the Executive Committee, the special fund was formed last October by the Leadership 100 Executive Committee when Michael Jaharis, a Founder of Leadership 100, provided a challenge grant of $250,000 to support the National Ministries of our Archdiocese and the Leadership 100 Scholarship for Excellence Program at Holy Cross School of Theology.
Since then, in consultation with His Eminence Archbishop Demetrios, the Executive Committee decided that the first $1 million raised would go directly and exclusively to the Leadership 100 Scholarship for Excellence Program at Holy Cross School of Theology.
Stephen G. Yeonas, Chairman of Leadership 100, expressed confidence that the special fund would exceed the goal in the beginning of the New Year.
The 25-year-old organization has distributed close to $27 million in grants since its inception in 1984, principally to support the National Ministries of the Greek Orthodox Archdiocese of America Hellenic College/Holy Cross School of Theology and a variety of projects in support of Orthodoxy and Hellenism, as well as aiding in such national and international emergencies as September 11, Hurricane Katrina and Greek Fire Relief.