Thursday, January 24, 2008

As donations double, Boston Foundation awards $92m - The Boston Globe

As donations double, Boston Foundation awards $92m - The Boston Globe: "It was another banner year for the Boston Foundation.


The foundation, which is a major grant-making organization that distributes tens of millions of dollars to thousands of nonprofit groups annually, more than doubled the amount of donations it received last year, to about $155 million - up from a near-record $72 million the year before.

The windfall brings its total assets to nearly $1 billion, and the foundation increased its grant-making accordingly. It gave away $92 million in 2007, centering its philanthropy on Boston-area organizations that focus on education, workforce development, and housing.

That payout was the largest in the foundation's history."

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