The face of Greater Boston is changing. Today, more than 20 percent of Boston’s population and close to one-third of Boston’s children are Latino. As Latino families drive population growth, they are making vital contributions to our economy, our culture and the very fabric of our lives. Latinos represent our future and our future leaders—which means that when Latinos thrive, our economy and our entire region benefits. This was the inspiration for the Latino Legacy Fund at the Boston Foundation.
Established in 2013, the Latino Legacy Fund is the first Latino-focused fund in Greater Boston, and 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, and 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 pledged $250,000 in challenge grants.
As a permanent, committee-advised Field of Interest Fund, the Latino Legacy Fund will contribute to our region’s civic vitality by supporting organizations that help Latinos realize their full potential, with a specific focus on improving the educational experiences of Latino young people in Greater Boston from early childhood through post-secondary education. The Fund made its first grants in October 2014, and has continued an annual grant-making cycle, with grants ranging in size from $10,000 to $25,000.
A Special Report from Boston Indicators and the Boston Planning and Development Agency in support of the Latino Legacy Fund at the Boston Foundation that shows Latinos have accounted for almost all of Boston’s population growth since 1980, and finds Latinos represent untapped potential if the city is to continue to grow and prosper.
The Boston Foundation has agreed to champion this effort free of charge. The money raised will be invested in three areas: disaster relief, sustainable rebuilding and capacity building for NGO’s in Massachusetts, as a substantial migration of Puerto Ricans to Boston and throughout the Commonwealth is expected in the months ahead. Up to one-third will be immediately distributed for relief efforts, and another third will be deployed over two years to support reconstruction and economic recovery projects that are sustainable in the long term. The final third will support relocation efforts in the Commonwealth.
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.