The One Fund Boston Launches to Help Bombing Victims


Picture 2Within hours of the bombings at the Boston Marathon on Monday, government officials and business people conferred together to create The One Fund Boston, to raise money to help approximately 180 victims of the attack. By Friday the new nonprofit had raised $10 million.

“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,” Massachusetts Governor Deval Patrick said in a press release. “At moments like this, we are one state, one city, and one people.”

According to Boston Mayor Thomas 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 mayor said.

The John Hancock company, which is the main sponsor of the Boston Marathon, agreed to donate $1 million to start the fund off. Other Boston and Massachusetts companies followed suit, along with donations from thousands of individuals.

The fund does not have 501(c)(3) status yet from the Internal Revenue Service, according to the statement, but the status has been applied for.

“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,” the press release states.

To donate, go to the website for The One Fund Boston.