Boston nonprofits honored by $30 million worth of quarterly grants
April 02, 2013
Boston, Massachusetts, is known as one of the worldwide hubs for colleges. With schools like Harvard, Massachusetts Institute of Technology, Northeastern University, Boston College and dozens more in the area, the city is a treasure trove of knowledge. As such, many nonprofits groups are housed there to make learning a more extensive experience for many individuals.
These groups are slated to see a lot of success in the near future thanks to a number of quarterly grants that were recently announced by the Boston Foundation's Board of Directors. The organization recently approved nearly $30 million worth of grant payments to various nonprofits. Specifically, the organization will be making six one-year grants of $850,000 to groups tasked with helping elementary and high school children plan for the future, while other grants have been made to numerous partners already since December.
The Boston Foundation began in 1915 to allocate donations from various philanthropists to the proper nonprofits, but the organization has grown to much more than that now. The Foundation and The Philanthropic Initiative recently merged to provide the best quality services to nonprofits across the city.
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.