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Third Federal Foundation sets transition in president/executive director role CRAIN S CLEVELAND BUSINESS The Third Federal Foundation has announced a transition in the president and executive director position. In a news release, the foundation the grantmaking arm of Cleveland-based Third Federal Savings & Loan announced that president and executive director Kurt Karakul will retire from that role in June and will take on an advisory role with the foundation through the end of 2021, focusing on special projects. Upon Karakul s retirement, foundation vice president Emily Thome will become president and executive director. Thome, who joined the foundation in 2018, has 20 years of experience in the nonprofit sector, most recently serving in senior development roles for the Cleveland Orchestra and the Cleveland Clinic, the release stated. Early in her career, she served in program development and delivery roles as a health educator, managing various grant programs in Cuyahoga, L

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