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MSPCC receives grant from Hasbro Children’s Foundation

PBN Staff

10/07/2002

FALL RIVER – The Massachusetts Society for the Prevention of Cruelty to Children (MSPCC) recently announced that it received a $40,000 grant from the Hasbro Children’s Foundation to support “Connecting Families,” a pilot program geared toward aiding the families of abused children, who would not receive services because the allegations are mild.

The program is being launched in Fall River and pioneered by MSPCC, with the help of the Massachusetts Department of Social Services. An offspring of MSPCC’s nationally recognized GoodStart program, “Connecting Families” serves families who are reported to DSS for child abuse and neglect, but would not normally receive services because their cases aren’t serious enough. The program aims to improve parenting skills and support families with available resources to keep their children safe and healthy.

With continued financial support, the MSPCC hopes to expand the program to several sites across the state.

Harvard endowment cut
U.S. stocks, curbing decline

CAMBRIDGE – Harvard University stemmed a decline in its endowment, the nation’s largest, by reducing its holdings in U.S. stocks in favor of bonds, emerging market stocks, commodities and hedge funds, the Boston Globe reported.

Harvard’s endowment decline 0.5 percent to $17.5 billion for the fiscal year ended June 30, the Globe reported. The loss compared with a 5.9 percent median loss for other institutional portfolios and an 18 percent drop in the Standard & Poor’s 500 index, the report said.

Harvard cut its US stock holdings to 15 percent of the total, down from 36 percent in 1996, the report said. The endowment’s loss on US stocks for the fiscal year was 12 percent, compared with a 15 percent loss for its target index, the report said. (Bloomberg News)

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