19th July 2017
ESOP Merges with the Benjamin Rose Institute on Aging
July 16, 2017
Contact: Jeanne Hoban, Benjamin Rose, 216.373.1686, email@example.com
Danielle Doza, ESOP, 216.361.0718, firstname.lastname@example.org
BENJAMIN ROSE INSTITUTE ON AGING, ESOP ENTER MERGER AGREEMENT
(Cleveland, OH) Benjamin Rose Institute on Aging (www.benrose.org) and Empowering and Strengthening Ohio’s People (ESOP; www.esop-cleveland.org) have entered into a merger agreement in which ESOP will become a subsidiary of Benjamin Rose, effective July 16, 2017. ESOP will continue to operate as a distinct 501(c)(3) nonprofit organization with its own Board of Managers.
Benjamin Rose, a nonprofit organization advancing support for older adults and caregivers, and ESOP, a housing and financial counseling agency, have a successful history of collaboration. The Boards of Directors and leadership teams of both organizations determined that their programs are well-aligned and that a formal relationship would position the nonprofits to grow in the future. Together, the organizations will broaden their impact on the lives of primarily low- and moderate-income older adults by expanding services and supports to help people remain in the community as they age.Read more