Boston Foundation Raises Payout Target to 6%
Author: Staff Editors.
Source: Volume 04, Number 06, September/October 2005 , pp.8-8(1)
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Abstract:
The Boston Foundation, one of the nation's oldest and largest community foundations, with an endowment of almost $675 million announced on May 3 that it is raising its payout rate from 5% to 6%, thereby increasing by 20% the amount of money that is available for its discretionary grants (the funds for which nonprofit organizations in Greater Boston may apply). The change will make about $2 million more available for this purpose in the upcoming year.Keywords:
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