Non-Profit Spotlight: The One Fund Boston
In the light on the Boston Marathon bombings, the High Fives Foundation has reached out to The One Fund Boston with an open invitation for any victims of the tragedy that wish to become involved or pursue a dream in the adaptive winter action sports to apply to the Winter Empowerment Fund and ultimately enjoy all that these sports offer. The High Fives Foundation is without a doubt BOSTON STRONG!
Massachusetts Governor Deval Patrick and Boston Mayor Menino has announced the formation of The One Fund Boston, the purpose of which is to raise money to help those families most affected by the tragic events that unfolded during the Boston Marathon.
“I am humbled by the outpouring of support by the business community and individuals who are united in their desire to help; The One Fund Boston will act as a central fund to receive much needed financial support,” Governor Patrick said. “At moments like this, we are one state, one city, and one people.” According to Mayor Menino, support from the business community was immediate. “Within an hour, I had calls from business leaders and local philanthropists who, like me, were heartbroken by the impact this hideous tragedy has had on individuals, their families, and friends. And they want to do everything they can to help these people physically and psychologically in the future.”
The cornerstone donation to The One Fund Boston is a $1 million commitment from John Hancock. “John Hancock is honored to contribute to The One Fund Boston, aiding those who were affected by this terrible event,” said Craig Bromley, President. “The Boston Marathon is about courage and resilience and community. John Hancock, which has been headquartered in Boston for more than 150 years, will continue to stand by our city, the people of Boston, our community partners, the runners, and the Boston Athletic Association as we unite in recovery and in renewal of our commitment to the Boston Marathon.
Although not yet an official 501(c)(3) tax-exempt organization The One Fund has been making great strides in becoming a charitable organization…
Boston law firm Goodwin Procter has volunteered to organize The One Fund Boston and is applying for 501(c)(3) status. One Fund Boston, Inc. will apply for 501(c)(3) tax exempt status with the Internal Revenue Service. Although the Fund cannot guarantee that the IRS will make a determination that the organization qualifies as a 501(c)(3) tax-exempt entity, if approval is received within the expected time frame, the determination will be retroactive to the date of the Fund’s formation.
“We are one Boston. We are one community. As always, we will come together to help those most in need. And in the end, we will all be better for it,” Mayor Menino said.
To contribute to The One Fund Boston, click on onefundboston.org.