 CLEVELAND--BUSINESS WIRE--Marc A. Stefanski, Chairman and CEO of Third Federal, announced a 500,000 gift to The Literacy Cooperative to establish the Kurt Karakul Prize. The endowment honors Karakul, who has been president of the Foundation since 2007. This grant is a tribute to Kurts contributions and dedication to the children of Slavic Village. He has worked tirelessly with our partners during the last 14 years to help children make positive strides in their reading test scores, Stefan 