Boston foundation gives $25 million in grant cycle
June 24, 2013
Boston-based donation news has largely been centered around the tragic events that occurred during the Boston Marathon in April. However, there are a number of organizations in the area hoping to change that and highlight the generous nature of the people of Massachusetts.
This has been relatively easy, as the Boston Foundation recently revealed that it extended more than $25 million during its latest grant cycle. Thirty-one charities were given money, while five of that total were approved for multi-year financial help. The Equality Fund, as well as the One Fund Boston, were among the recipients.
"The new grants list highlights our continuing investments in jobs and workforce development along the Fairmount Corridor, which can bring much-needed innovation and economic impact," Boston Foundation CEO and President Paul Grogan noted.
The Boston Foundation has been in operation for 98 years and began with the simple goal of funneling money to the appropriate causes in Greater Boston. Last year, the group merged with The Philanthropic Initiative to make this aim even more successful and advise donors about which charities would be appropriate for their generosity.
Foundations and organizations that provide annual funding might benefit from nonprofit accounting software, which can help board members audit funds and make sure the correct amounts are being distributed to various programs each year.