Word: truong
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...Phillips Brooks House (PBH) Cabinet must cut spending on its 51 programs by nearly 60 percent this year, Van L. Truong '89, the group's president, said yesterday...
...public service organization must lower its expenditures from $58,000 to $24,000, said Truong. The group's small endowment cannot generate enough funding now to keep pace with its expansion, he said...
Many of the smaller programs depend directly on the 94-year-old organization for funding, Truong said, so any budget cuts affect them the most. "Programs without outside funding will be the hardest hit," he said...
...long-awaited fund drive began last year to replenish the group's endowment, Truong said. PBH hopes to raise $6000,000, which would provide $30,000 of interest annually. Under the terms of the endowment drive, the group may not use the money it raises until 1990. However, he said interest on donated money may be used immediately...
...Harvard Business School has given the program $2000. Nhan Truong has also applied for funding from other sources such as the Associated Grant Makers, a consulting organization that helps channel donations from the business community to Boston community service programs...