Boston Foundation to Give $10M to Nonprofits Over Four Years
July 23, 2013 Reflecting its community developer role, the Boston Foundation last week announced that over the next four years it will grant $10 million to nonprofits located along the Fairmount Corridor, a nine-mile stretch of neighborhoods along the MBTAs Fairmount rail line, to support housing, jobs, and cultural organizations.
The funding builds on $8.75 million that The Boston Foundation
(TBF) granted during the last four years on housing, community building, transit equity, community economic development, cultural life, and family asset development along the Fairmount line and nearby areas of Roxbury, Dorchester and Mattapan.
The Fairmount Line is a line of the MBTA Commuter Rail system that, until 2012, had five stations. Four more are being added, with construction due for completion in 2015.
The opening of new transit stations and the continued development along the Fairmount line underscores the power community funders can have when they invest in neighborhoods for the long term, said Paul Grogan, TBF president and CEO of. We are honored to have been there from the early days of this effort to bring transit equity to the Fairmount Corridor, and we remain committed to ensuring that increased transit service in not an end in itself, but a step in the strengthening of these neighborhoods for all their residents.
The foundation has played a convening role, bringing together funders, community leaders and local, state and federal officials to create partnerships that could attract and contribute greater resources to address transit and other needs along the corridor.
Some of TBFs recent grants made in connection with the Fairmount line include:
- A $1 million, five-year grant to the Fairmount/Indigo CDC Collaborative, a collaboration of community development corporations in the Fairmount Corridor, to provide a range of coordinated community development activities along the nine-mile Corridor, including 800 units of affordable housing.
- A $500,000, five-year grant to the Metropolitan Boston Housing Partnership to support housing stability and economic self-sufficiency. So far, the partnership has enrolled nearly 400 families in the family self-sufficiency program, connecting tenants with job training, financial counseling, education and other services to move them on a path to increased savings and homeownership.
- A $225,000, three-year grant to the Family Independence Initiative, a national center for innovating and testing approaches to economic and social mobility that strengthen social networks, respond to initiative and respect low-income families ability to lead their own lives for support of the continued expansion of their Boston program, which is working with 400 families.
- A $100,000 grant to the Dorchester Bay Economic Development Corporation to complete needed funding for the Bornstein and Pearl Small Business Center, which will turn the former Pearl Meats facility on Quincy Street into a renovates small business incubator targeting food-related businesses, and providing needed space for the citys growing number of food trucks.