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Sam Walton's Granddaughter Has Plans To Fix Public Education In America

A vision for the future of education sits within a converted church in the heart of a working-class neighborhood in northern Houston, abutted by auto parts stores and a heat treatment plant. At YES Prep North Central, homogeneity reigns: Of the 953 middle and high schoolers at the 11-year-old charter school, 96% are Hispanic, and a similarly large majority live at or below the poverty line. The kids are dressed the same–blue or khaki pants with school-issued polo shirts.

Latino Legacy Fund Awards First Grants

The Latino Legacy Fund made its first round of grants Wednesday, directing $100,000 to five local Latino-focused programs. Created in 2012, the Fund is the only charitable fund in Greater Boston focused solely on supporting Latino-led or Latino-focused nonprofits. The fund was seeded with contributions of $250,000 each from the Boston Foundation and Hispanics in Philanthropy. It has since grown to about $800,000 thanks to individual and corporate donors, including MFS Investment Management, Eastern Bank, and John Hancock.

Boston Marathon’s One Fund Declares Work Done and Closes up Shop

Within a day of the Boston Marathon bombing on April 15, 2013, state and city leaders had established the One Fund to centralize giving for the victims.  Since then, it has raised and distributed nearly $80 million to people killed and hurt by the blasts. “Now, after over a year and a half of operations, we have completed our task,” said Jim Gallagher, president of the One Fund, in a statement.

Innovative fund to fuel equitable development in transit-oriented neighborhoods

Boston’s Local Initiatives Support Corporation (LISC), together with The Hyams Foundation, The Boston Foundation, and the Commonwealth of Massachusetts, has launched the $5 million Accelerator Fund to jump start equitable transitoriented housing development in Boston and throughout the state.The new loan fund will leverage $30 million of additional early stage financing to help spur the development of affordable and mixed-income housing along light rail corridors and other transit rich areas.

IRA Charitable Rollover Extension for 2014 ends Dec 31

The IRA Charitable Rollover provision allows individuals who have reached age 70½ to donate up to $100,000 to charitable organizations directly from their Individual Retirement Account (IRA), without treating the distribution as taxable income. The provision is part of a package of 55 temporary tax extenders that were reinstated retroactively for only the 2014 tax year, but were set to expire again on January 1, 2015.

New Giving Platforms Optimize New Giving Trends

Advances in technology have changed many aspects of everyday life, and these changes include how we view giving. With adaptations in lifestyle, nonprofits must work doubly hard to ensure that fundraising goals are met for continued service offerings. As other financial transactions are increasingly being done with mobile devices and as spur-of-the-moment online purchases, nonprofits must understand how to make this type of giving accessible to future donors.


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