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Causes: Federated Giving Programs, Philanthropy, Private Grantmaking Foundations
Mission: To support programs and organizations in our communities which improve the education and educational opportunities of economically disadvantaged youth.
Programs: Grants to charitable organizations - in 2014 the foundation funded 49 organizations with grants ranging in size from $15,000 to $75,000. In addition the foundation awarded multi-year conditional grants totaling $172,000. The grant payments are conditioned on the organization satisfying the foundation's requirements. Wellington management company, llp (wmc) pays the operating expenses of the foundation and provides office space, investment advisory services and administrative support at no charge to the foundation. During 2014, wmc paid foundation expenses that totaled $82,601.