Latino Legacy Fund

Massachusetts is one of six states to attribute all of its population growth to the Latino population, but the Latino community continues to be underfunded. A report by Hispanics in Philanthropy showed that only 1.3 percent of spending by U.S. foundations is specifically targeted to Latino programs, even though Latinos comprise nearly 25 percent of all children and youth. The Latino Legacy Fund is looking to change that.

The Latino Legacy Fund at the Boston Foundation, the first Latino-focused fund in Greater Boston, is a unique partnership of Latino philanthropists and leaders, the Boston Foundation and Hispanics in Philanthropy. Its mission is to create and maintain a permanent endowment to strengthen the diverse Latino community. Its goal is to contribute to our region’s civic vitality by supporting issues and organizations that advance the socioeconomic status of Latinos while building and enhancing the leadership capacity of the entire Latino community.

The Latino Legacy Fund is on track to meet its goal of raising $1 million by 2018. To ensure the success of this important fund, the Boston Foundation and Hispanics in Philanthropy each have pledged $250,000 in challenge grants. Its first round of grants totalled $100,000. Appearing on Urban Update to talk about it with host Alberto Vasallo were Latino Legacy Fund Advisory Committee Members Rene Jarquin and Rosalin Acosta, along with Boston Foundation Director of Donor Services Dan Sherman.

View the list of grants made by the Latino Legacy Fund.

Download the Latino Legacy Fund brochure.

For donors:

The Latino Legacy Fund presents a unique opportunity for donors who want the flexibility of supporting a broad range of organizations and initiatives while meeting the future needs of the Latino community. Any individual, family, or organization can support current grant making through gifts by check, credit card, distributions from Donor Advised Funds or gifts of appreciated stock or other assets. Here is more about the many ways to support the Latino Legacy Fund:

• Planned Gifts – The Boston Foundation offers a full range of planned and legacy giving options.  Planned gifts may be made to the Latino Legacy Fund through bequests, retirement plan and life insurance gifts.  In addition, the Boston Foundation offers charitable remainder trusts and charitable lead trusts, all of which may benefit the Latino Legacy Fund.
• Outright Contributions – The Boston Foundation can accept all types of gifts into the fund including cash, publicly traded securities, restricted stock, real estate, and more.
• Donor Advised Funds – Donors with existing Donor Advised Funds can recommend a grant to the Latino Legacy Fund at the Boston Foundation.
• Succession Plans for Existing Giving Vehicles – Donors with a private foundation or Donor Advised Fund can name the Latino Legacy Fund as the successor entity to their giving vehicle.

Call 617-338-1700 for more information.