CASTLO announces new community fund

STRUTHERS –The CASTLO Community Improvement Corporation is proud to announce the formation of the CASTLO Community Fund, a fund of The Youngstown Foundation.

The CASTLO Community Fund was initiated as a result of revenues received through an oil and gas lease on the CASTLO property.

“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,” Randy Partika, chairman of the CASTLO Board, said.

According to a press release, the CASTLO Board’s vision is to support the goals of the business and civic leaders of tomorrow, while protecting those established by leaders of the past.

“CASTLO reminds our community that the spirit of giving is alive and strong in the Mahoning Valley,” Jan Strasfeld, executive director of the Youngstown Foundation, said.

“The recent oil and gas boom has been lucrative, providing significant new wealth for local residents. Through the creation of a charitable fund, CASTLO is reinvesting this wealth to benefit its member communities. Their leadership truly exemplifies the tremendous impact that the oil and gas industry can have in sustaining our community.”

The CASTLO Board recognized the need to establish long-term sustainability for its member communities, which encompass Campbell, Struthers, Lowellville and Coitsville and Poland townships, the company said in a press release.

This fund will preserve CASTLO’s commitment to charitable causes that advance the civic responsibility and economic sustainability within its member communities, the company said in a press release.

Contributions to the CASTLO Community Fund can be made online at youngstownfoundation.org, Criteria for applying for grants will available later in 2012 at castlo.com.