New fund receives $1 million commitment for Marathon victims
April 18, 2013
Many people across the world were stunned by the recent bombings at the Boston Marathon. Three people perished and more than 150 were injured as a result of the attack. A number of nonprofits and other individuals have taken up fundraising efforts to lessen the burden on those suffering.
The One Fund Boston was recently formed by Boston Mayor Thomas Menino and Massachusetts Governor Deval Patrick to raise money for bombing victims and their families. Not long after the creation, John Hancock, the central sponsor of the marathon, committed $1 million to the nonprofit. Other companies have also donated money for victims.
"I am humbled by the outpouring of support by the business community and individuals who are united in their desire to help," noted Gov. Patrick. "The One Fund Boston will act as a central fund to receive much needed financial support."
The Boston Herald reported that area restaurants and stores are also making a difference in their own way. The newspaper explained that a number of these establishments have pledged to donate 10 to 25 percent of their profits directly to the Greg Hill Foundation. The news outlet said Hill, a local radio host, began his nonprofit to take care of immediate needs of affected families.
Organizations that are providing funds for multiple nonprofit programs might find it easier to manage their large-scale efforts with fundraising management programs that can account for funds as they are disbursed to recipients.