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.
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:
Call 617-338-1700 for more information.