The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Ned's Charity Checks are Boston's Biggest Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, May 26, 2015

Ned's Charity Checks are Boston's Biggest

News summary by MFWire's editors

Ned Johnson's charity is not as big as it once was, but that is not holding back the Fidelity chairman's generosity.

The Boston Globe looked at the largest donors in the Boston area during 2013 (the most recent year available) and found that Ned's charity spent more cash on causes than any of the other ten largest charities in the city.

In all, Ned's Edward C. Johnson Fund (which is separate from the Fidelity Foundation) spent $82.4 million on causes.

That was despite the foundation's endowment shrinking to just $300.6 million. In short, it spent roughly a quarter of its base on causes, well more than the 5 percent required by the Internal Revenue Service.

Meanwhile, Boston's largest foundation -- the Barr Foundation -- donated near the minimum from its $1.5 billion endowment. (The Barr's dontated $52.1 million.

Interestingly, Fidelity's Charitable Gift Fund was one of the recipient's of the Barr's giving. The Barr's earmarked $5.4 million for the charity-focused mutual fund. 

Edited by: Sean Hanna, Editor in Chief

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use