Word: funded
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...months ago 5.5 million people linked hands from California to New York in an extravagant fund raiser for the nation's hungry. Last week, after extended and cautious accounting, the sponsor of Hands Across America began handing out ) grants to local charities based on indicators of poverty and unemployment levels. The first installment of $576,665 (out of a total pool estimated at $15 million to $20 million) will go to agencies in the 15 least populous states, including Utah, Maine and the Dakotas. Metropolitan areas, where hunger and homelessness are most acute, can expect help through the winter...
...given him a measure of social status, including his posts as a trustee of the American Ballet Theater and finance director for the National Jewish Coalition. He canceled a $1.5 million grant to Princeton University, which a son attends. Boesky had often given lavishly to charities but irritated some fund raisers with his hard bargaining for control and recognition. "There are givers and users. He is a user," claims...
Little investor rancor but presumably considerable discomfort was in evidence at a meeting Boesky held on Thursday at the office of his lawyers in downtown Manhattan. In attendance were some of the 43 limited partners who had anted up $221 million in capital for his major arbitrage fund, Ivan F. Boesky & Co. L.P. Boesky's tribulations had cast an unwelcome spotlight on a heterogeneous group of investors who suddenly found themselves unwitting participants in the scandal. The list of partners included several high- profile companies, such as Rapid-American (investment in Boesky: $5 million) and National Can ($6.5 million). Prominent...
...meeting Boesky read a brief statement essentially apologizing for his actions, then handed the three- to four-hour session over to his legal advisers. They explained that the fund would be liquidated as part of Boesky's agreement with the SEC to remove himself from stock-trading activities over the next 16 1/2 months. Said Lewis Lehrman, a former Republican gubernatorial candidate in New York State, who had plunked down $1 million on Boesky's speculative endeavors but who skipped the session: "I would say that Mr. Boesky disappointed a lot of people, me included...
Critics of Reagan's domestic policies say that the cuts in social spending he has made hit the poor particularly hard. According to Marian Wright Edelman, president of the Children's Defense Fund, programs aiding impoverished children and families have lost $10 billion since 1980. The federal Work Incentive Program, which provides job training and support services to welfare recipients, has been cut from $210.5 million to $110 million in the fiscal 1987 budget. The President has proposed junking the program altogether...