Yawkey Foundation spreads proceeds from sale - The Boston Globe

Yawkey Foundation spreads proceeds from sale - The Boston Globe: "Yawkey Foundation spreads proceeds from sale

By Bob Hohler, Globe Staff | October 24, 2005

The 2002 sale of the Red Sox turned into the greatest boon for charities in the history of New England sports philanthropy.
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Overnight, the Yawkey Foundation II, created by the late Sox owner Jean R. Yawkey, swelled to a $368 million endowment from $30 million thanks to proceeds from the sale of the team and became one of the largest private foundations in the region. Attorney General Thomas F. Reilly also reached an agreement with the new Sox owners that they would create a charitable foundation and distribute at least $20 million within 10 years."