Woburn nonprofits receive Community Spirit grants

Wicked Local | March 28, 2019

Harvard Pilgrim Health Care Foundation announced that three Woburn nonprofit organizations were awarded a total of $2,050 from the foundation’s Community Spirit 9/11 Mini-Grant program. The organizations receiving funds are Joseph Briere Foundation, which received $1,000, the Woburn Council of Social Concern Inc., which received $550, and Woburn Dollars for Scholars, which received $500. To commemorate those Harvard Pilgrim members who lost their lives on Sept. 11, 2001, Harvard Pilgrim and the foundation created the Community Spirit 9/11 Mini-Grant program. This program allows each Harvard Pilgrim employee to award a $500 grant, completely funded by the foundation, to the local charity of his or her choice each calendar year. Since this community grants program began in 2002, Harvard Pilgrim employees have directed more than $6.3 million to thousands of organizations throughout Connecticut, Maine, Massachusetts and New Hampshire.

Spotlight

Many wealthy clients have philanthropic goals, but few receive sufficient guidance regarding how best to balance these goals against personal spending needs. Deciding how to distribute wealth can be a complicated and often emotional process. As a result, investment advisors need to understand their clients’ wealth-distribution preferences and must help quantify potential investment risks associated with different levels and forms of gifting. By helping identify who bears residual investment risk under varying gifting regimes, investment advisors can ensure that their clients’ wealth is distributed in a way that fits their client’s individual, family, and philanthropic ambitions

Spotlight

Many wealthy clients have philanthropic goals, but few receive sufficient guidance regarding how best to balance these goals against personal spending needs. Deciding how to distribute wealth can be a complicated and often emotional process. As a result, investment advisors need to understand their clients’ wealth-distribution preferences and must help quantify potential investment risks associated with different levels and forms of gifting. By helping identify who bears residual investment risk under varying gifting regimes, investment advisors can ensure that their clients’ wealth is distributed in a way that fits their client’s individual, family, and philanthropic ambitions

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