Established in 1914, The Cleveland Foundation was the world's first community foundation. As of December 2011, it is America's fourth-largest community foundation, with assets of $1.62 billion and annual grants of around $84 million. The foundation serves Greater Cleveland, including Cuyahoga, Lake and Geauga counties. It is made up of more than 800 funds representing individuals, families, organizations and corporations. The current president and chief executive officer is Ronald "Ronn" Richard.