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THE GIVING BACK FUND OFFERING ONE-STOP PHILANTHROPY SHOPPING
Published August 10, 1998
The Giving Back Fund, which was formed by Marc Pollick a year ago, "is offering athletes a one-stop service for establishing and administering foundations, plus the opportunity to turn their lucrative salaries into philanthropic endeavors," according to Gregg Krupa of the BOSTON GLOBE. The MA-based non-profit organization has been granted "tax-exempt status as a full-service public charity in all 50 states." The Fund is "composed of individually identified donor-advised funds and foundations, each with donor-appointed trustees." Among Fund advisers are Bob Costas, Florence Griffith Joyner and Bill Walton, and Doug Flutie has used The Giving Back Fund to start a foundation to fight autism. For now, the Fund is receiving services on a reduced fee, or pro bono basis from BankBoston, Ernst & Young, Hale & Dorr and Silverman Media and Marketing. The Fund, which started with $250,000 in seed money, now has "about" $500,000 "under management." Pollick's goal is $20M in assets by 2002 (BOSTON GLOBE, 8/9).