PROVIDENCE, R.I. (AP) - Providence and Rhode Island Foundation officials are establishing a campaign to help finance improvements at the 141-year-old Roger Williams Park and also leave it with a multimillion-dollar endowment.
The Providence Journal reports (https://bit.ly/1PBSt4d ) that Foundation President Neil D. Steinberg told the commission that the goal is to raise about $10 million. Half will be used for improvements to the park and half will be an endowment.
The Rhode Island Foundation started in 1916 with a $10,000 donation from industrialist and U.S. Sen. Jesse H. Metcalf and has grown to an organization with assets of nearly $800 million in 2013 and gave out more than $31 million in grants.
The city has already allocated about $3 million from bonds to repair the park’s roads.
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Information from: The Providence Journal, https://www.providencejournal.com
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