July 2, 2009 Gov. Deval Patrick today signed a bill into law that allows Massachusetts nonprofits to tap into endowments, using prudence factors, enabling them to draw funds down below their historic dollar value.
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July 2, 2009 Tufts Health Plan Foundation announced that it has awarded $250,000 in grants to seven Boston-based nonprofits as part of its first round of funding under its new focus on improving the lives and health of adults over age 60.
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July 2, 2009 Victory Programs, the states leading residential substance use disorder treatment and transitional housing provider, and AIDS Housing Corporation, a national housing leader for people with HIV/AIDS and other disabilities, both based in Boston, announced that they have merged.
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June 26, 2009 The Boston Foundation, the states leading community foundation announced that, despite a 20% loss in the value of its assets in the past year, it plans to distribute $17.2 million in discretionary grants in FY 2010, which starts July 1, compared to $16.9 million for the current fiscal year.
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June 26, 2009 The Boston Symphony Orchestra, citing the challenge posed by current economic conditions, this week announced that it will lay off 10 employees, about 5% of its staff, just as its members were in the process of moving into their summer home at Tanglewood in Lenox.
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