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Minority groups building foundations widening charitable reach
Washington reports that middle class minorities are funding foundations with as little as $2,000, creating endowments under family names. The Council on Foundations notes thousands of such funds, with over $122 billion in assets and $7.4 billion donated in 1988. Notable examples include Le Ly Hayslip and Milton Shoong, with Cosby and Winfrey as others.
MENTIONED IN THIS ARTICLE
Washington
Ford
Rockefeller
Joe Shoong
Mary Carmen Saucedo
Lonnie Porter
United Theological Seminary
Dayton
Ohio
Council On Foundations
Vietnam
California
East Meets West Foundation
Dagmar Thorpe
Seventh Generation Fund
Longhouse
Ford Foundation
IRS
Lynn
Bill Cosby
Oprah Winfrey
Robert Lee
Lee
Milton Shoong Foundation
Lion
Italy
Alameda County
Calif
Sheriff's Air Squadron
Special Olympics
Milton Shoong
Joe
Vallejo